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Mycron Steel Berhad is a Malaysia-based investment holding company, which is engaged in the provision of management services to its subsidiaries. The principal activities of the subsidiaries are that of mid-stream steel cold rolled coil manufacturing, and steel tube manufacturing, and in the trade and export of steel products. The Company’s segments include Cold Rolled Coil, Steel Tube, and Others. The Cold Rolled Coil segment is in the business of manufacturing and sale of cold rolled coils. The Steel Tube segment is in the business of manufacturing and sale of steel pipes and tubes. Others segment comprise investment holding company. Its diversified client base includes drum manufacturers, galvanizing and roofing industries, steel cable trucking industry, pipe and furniture producers, automotive manufacturers, electrical and home appliance industries. Its subsidiaries include Mycron Steel CRC Sdn Bhd, Melewar Steel Tube Sdn Bhd, and Silver Victory Sdn Bhd.
PETALING JAYA: Mycron Steel Bhd has announced that its wholly-owned subsidiary, Melewar Steel Tube Sdn Bhd (MST), is acquiring a parcel of leasehold industrial land together with the buildings erected thereon, in Shah Alam, Selangor, from Melewar Industrial Group Bhd (MIGB) for RM30mil.
KUALA LUMPUR: Mycron Steel Bhd's wholly-owned subsidiary Melewar Steel Tube Sdn Bhd has entered into a conditional sale and purchase agreement with Melewar Industrial Group Bhd to acquire a leasehold industrial land in Shah Alam, Selangor, for RM30 million cash.
MYCRON STEEL BERHAD ("MYCRON" OR "THE COMPANY")
(i) Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or
Trading Nature and Provision of Financial Assistance; and
(ii) Authority to Issue and Allot Shares Pursuant to Sections 75 and 76 of the Companies Act 2016.
Mycron operates in both the midstream and downstream segments of the steel value chain, supplying Cold Rolled Coil (CRC) products, steel tubes, and related steel items to domestic and international markets.
Over the past six years, CRC has consistently contributed the largest share of revenue but has shown greater earnings volatility. In contrast, the steel tube segment has provided more stable profitability, particularly during downturns in the CRC business.
The Group was profitable in only three of the past six years, with earnings closely tied to favourable pricing and volume dynamics:
• In 2021 and 2022, profits peaked alongside the global steel price cycle, driven by elevated selling prices and strong gross margins.
• In 2024, despite gross margins being about half of those in 2021–2022, profit rebounded due to a 50% surge in sales - largely from export-driven growth in CRC. Mycron capitalised on trade disruptions, particularly benefiting from CPTPP market access as competitors like China and Vietnam faced tariff barriers.
If Mycron sustains its export momentum, especially in CRC, its performance in the next steel price cycle could surpass that of the last, enhancing its turnaround prospects.
If you want to understand more about the impact of the steel price on other Bursa flat steel companies, join me this at this Thursday podcast