October 08, 2008

Malaysian builders hail steel decision

It is reported that the Master Builders Association Malaysia welcomes the Malaysian prime minister’s decision to abolish the ceiling price for steel.

Mr Patrick Wong president of Master Builders Association Malaysia said that the decision was an important milestone for the construction industry as currently contractors had been facing difficulty in obtaining steel bars at the ceiling price.

Mr Wong said that contractors would also have the choice of importing steel bars directly without applying for import licenses and were exempted from import duties.