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Millcon upbeat on production restart
Bangkok Post
|April 29, 2025
Local steelmaker Millcon Steel Plc is optimistic about resuming production after getting through tough competition, mainly caused by low-cost steel imports from China.
The company, which suspended operations following the influx of inexpensive products into the Thai market, has finished restructuring its business plan and is ready to start production in the third quarter, said Sittichai Leeswadtrakul, chairman of executive committee of Millcon Steel.
Mr Sittichai recently signed a memorandum of understanding with Danieli Co, an Italian steel machinery manufacturer and technology developer, to have its experts inspect Millcon’s electric arc furnace (EAF), before commencing production.
EAF is designed to melt steel scrap. It is energy efficient and releases lower emissions.
Dit verhaal komt uit de April 29, 2025-editie van Bangkok Post.
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