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Business Description
Southern Steel Berhad is engaged in the manufacturing of, sales and trading in billets, steel bars and wire rods. The Company operates in two segments: steel products and investment holding and others. The Company's operations are located in Malaysia. The Company's subsidiaries include Southern HRC Sdn Bhd, Southern Steel Management Sdn Bhd and Southern Steel Mesh Sdn Bhd. On August 30, 2012, the Company completed the sale of its entire interest in its wholly owned subsidiaries, Southern Specialty Wire Sdn Bhd and Southern Wire Industries (Malaysia) Sdn Bhd, together with its wholly owned subsidiary, Cempaka Raya Sdn Bhd. to Bekaert Singapore. On September 27, 2013, its wholly owned subsidiaries, Sound Industries Sdn Bhd and Steady Solution Sdn Bhd have been dissolved.