mneo The
electricity tariff is going up..... This will impact Steel and Iron
industry greatly...... The future for Lion Ind is not that bright....
This explain why Lion Ind stock price is dropping so much lately....
Misif: Electricity tariff hike will hamper industry recovery
Posted on 4 July 2018 - 08:59pm
PETALING JAYA: The Malaysian Iron and Steel Industry Federation (Misif) is calling for the government to consider maintaining the rebate and abolish the surcharge for the imbalance cost pass through mechanism, as the additional energy costs will hamper the industry’s recovery, which is just emerging from the doldrums.
It is also hoping the government will maintain the special industrial tariff for the industry over the next three years.
Misif said in a statement today that the net impact of the recent adjustment amounts to an increase of 2.87sen/KWhr or a drastic 8%-16% increase for industrial users.
.....
Refer to the link below for more details.
http://www.thesundaily.my/news/2018/07/04/misif-electricity-tariff-hik...
Misif: Electricity tariff hike will hamper industry recovery
Posted on 4 July 2018 - 08:59pm
PETALING JAYA: The Malaysian Iron and Steel Industry Federation (Misif) is calling for the government to consider maintaining the rebate and abolish the surcharge for the imbalance cost pass through mechanism, as the additional energy costs will hamper the industry’s recovery, which is just emerging from the doldrums.
It is also hoping the government will maintain the special industrial tariff for the industry over the next three years.
Misif said in a statement today that the net impact of the recent adjustment amounts to an increase of 2.87sen/KWhr or a drastic 8%-16% increase for industrial users.
.....
Refer to the link below for more details.
http://www.thesundaily.my/news/2018/07/04/misif-electricity-tariff-hik...
05/07/2018 00:00
mneo Lion
Ind future is not that bright..... seeing the making of HengYuan for
Lion Ind... Donot trust the people who keep promoting the Lion Ind....
They want to leave
kyosan current
hike electricity will affect steel company more, pls dont buy all steel
company yet, until you see next quarter result how much the tariff hike
affect them. my 2 cents
