Southern Steel Bhd.
MMYX:SSTEEL0.43
MYR
-0.03
(-6.52%)
ISIN
MYL5665OO004
Return %
Stock
S&P 500
1Y
8.86
14.20
3Y
-29.51
81.12
5Y
-49.41
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Choon Kwee Yeoh
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Prai Malaysia
- IPO Date
- Dec 17, 1993
- Website
- southsteel.com
- Similar Companies
- Business
- Southern Steel Berhad is a Malaysia-based investment holding and steel manufacturing company operating primarily in the manufacturing, processing, and trading of steel billets, long steel products, and downstream steel wire and wire mesh solutions. Founded in 1963 and headquartered in Prai, Penang, Malaysia, the company operates as a key manufacturing subsidiary of Hong Leong Group Malaysia. Southern Steel structures its business operations into two principal business segments: Steel Manufacturing and Downstream Steel Products. The company manufactures and markets an extensive portfolio of steel products and related industrial services, including steel billets consisting of continuous casting carbon steel billets for re-rolling applications; long steel products comprising hot-rolled deformed reinforcement bars (rebars), mild steel round bars, and merchant bar profiles for structural construction and civil engineering projects; wire rods encompassing low-carbon, medium-carbon, and high-carbon wire rods, cold heading quality wire rods, and welding electrode quality wire rods; downstream industrial wires including hard drawn bright wires, annealed wires, galvanized wires, and cold rolled ribbed wires; prestressed concrete products including high-tensile prestressed concrete (PC) strands and PC wires for precast engineering and bridge construction; welded steel fabric and wire mesh comprising standard reinforcing mesh, engineered structural mesh, and customized prefabricated wire reinforcement cages; value-added steel cut-and-bend rebar processing services; and tubular steel products including structural hollow sections and steel pipes. Southern Steel delivers products to clients across civil infrastructure, residential and commercial construction, automotive component fabrication, hardware manufacturing, and agricultural sectors throughout Malaysia and export markets across the Asia-Pacific region. Major operating subsidiaries include Southern Steel Mesh Sdn. Bhd., Southern PC Steel Sdn. Bhd., Southern Wire Industries (Malaysia) Sdn. Bhd., and Southern Pipe Industry (Malaysia) Sdn. Bhd. In recent developments, Southern Steel has undertaken strategic operational optimization and product portfolio realignment to counter volatile steel price cycles and rising raw material costs. The company has concentrated capital expenditures on expanding high-value-added downstream fabrication capacities, including customized engineered mesh and automated cut-and-bend processing lines. To advance environmental and sustainability objectives, Southern Steel has implemented operational energy-saving initiatives across its electric arc furnace (EAF) melting and rolling mill facilities, installed rooftop solar photovoltaic systems across its key production assets, and enhanced industrial waste recycling protocols to reduce carbon intensity and strengthen operational resilience across its domestic manufacturing footprint.