Steel Mills Shuttered

Steel Mills Shuttered

At Two Sites

In Malaysia

As Gas Prices

Double

And

Market Demand

Plunge

Lion Group's

Antara Steel Mills

Sdn Bhd HBI Plant

In Labuan

And

Lion DRI Sdn Bhd

Plant In Banting

Have Stopped

Production

Since October

And November 2008

Situation

Is Critical

As Retrenchment

Of 430 workers

May Follow

Closure

On Top 

Of High Gas

Prices

Higher Electricity

Tariffs

Effective

July 1,2008

Also Added

To Extra Costs

As

Demand Declined

With Production

Running At

30 to 40 Percent

Capacity