OTHERS Press Release: Masteel 4Q25 profit stages firm turnaround to RM4.9 million on record revenue and lower taxes
Thursday, February 26th, 2026
Author Archive
Quarterly rpt on consolidated results for the financial period ended 31 Dec 2025
Thursday, February 26th, 2026
OTHERS Malaysia Steel Works (KL) Bhd (“Masteel” or the “Company”) – Appointment of External Auditors
Monday, December 8th, 2025
OTHERS Malaysia Steel Works (KL) Bhd (“Masteel” or the “Company”) – Change of External Auditors
Thursday, November 27th, 2025Quarterly rpt on consolidated results for the financial period ended 30 September 2025
Thursday, November 27th, 2025Quarterly rpt on consolidated results for the financial period ended 30 June 2025
Tuesday, August 26th, 2025Additional Listing Announcement /Subdivision of Shares
Wednesday, August 6th, 2025DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Monday, July 28th, 2025Changes in Sub. S-hldr’s Int (Section 138 of CA 2016)
Monday, July 28th, 2025Changes in Sub. S-hldr’s Int (Section 138 of CA 2016)
Monday, July 28th, 2025Changes in Sub. S-hldr’s Int (Section 138 of CA 2016)
Monday, July 28th, 2025Changes in Director’s Interest (Section 219 of CA 2016)
Monday, July 28th, 2025GENERAL MEETINGS: Outcome of Meeting
Friday, May 30th, 2025Quarterly rpt on consolidated results for the financial period ended 31 Mar 2025
Wednesday, May 28th, 2025[The Edge] Masteel partners Kelington and Utar to develop carboncapture tech for greener steel production
Tuesday, May 6th, 2025OTHERS Press Release: Masteel carbon capture innovation drives sustainable steel growth
Tuesday, May 6th, 2025[The Star] Masteel partners Kelington, Utar in CCUS study
Tuesday, May 6th, 2025Circular/Notice to Shareholders
Tuesday, April 29th, 2025Annual Report & CG Report
Tuesday, April 29th, 2025GENERAL MEETINGS: Notice of Meeting
Monday, April 28th, 2025OTHERS MALAYSIA STEEL WORKS (KL) BHD (“Masteel” or “Company”) – PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN ORDINARY SHARES OF UP TO TEN PER CENTUM (10%) OF ITS TOTAL NUMBER OF ISSUED SHARES
Monday, April 7th, 2025Quarterly rpt on consolidated results for the financial period ended 31 Dec 20
Thursday, February 27th, 2025[SharesInfo4u] 业绩速览 | MASTEEL第三季收入增10%，净利涨776%
Friday, November 29th, 2024OTHERS Press Release: Masteel 3Q24 net profit surges 776.1% to RM16.2 million
Thursday, November 28th, 2024Quarterly rpt on consolidated results for the financial period ended 30 Sep 2024
Thursday, November 28th, 2024[The Sun Daily] Masteel 3Q24 net profit surges 776.1% to RM16.2 million
Thursday, November 28th, 2024OTHERS MALAYSIA STEEL WORKS (KL) BHD (“Masteel” or “Company”) – Press Release: RAM Sustainability assigns the first Platinum Sustainability Rating to Masteel
Monday, November 4th, 2024DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Tuesday, September 24th, 2024Changes in Director’s Interest (Section 219 of CA 2016)
Tuesday, September 24th, 2024Additional Listing Announcement /Subdivision of Shares
Wednesday, September 4th, 2024Change of Company Secretary
Thursday, August 29th, 2024Change of Company Secretary
Thursday, August 29th, 2024Quarterly rpt on consolidated results for the financial period ended 30 Jun 2024
Thursday, August 29th, 2024Changes in Sub. S-hldr’s Int (Section 138 of CA 2016)
Friday, August 16th, 2024DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings During Closed Period
Wednesday, August 14th, 2024Changes in Director’s Interest (Section 219 of CA 2016)
Wednesday, August 14th, 2024Changes in Sub. S-hldr’s Int (Section 138 of CA 2016)
Wednesday, August 14th, 2024Changes in Sub. S-hldr’s Int (Section 138 of CA 2016)
Wednesday, August 14th, 2024[Berita Harian] Masteel got RM84 million in financing from AmBank
Friday, January 12th, 2024KUALA LUMPUR: Ambank Group announced a financing facility of RM84 million channeled to Malaysia Steel Works (KL) Bhd (Masteel) to support technological transformation to emerge as a steel and billet producer with ultra-low greenhouse gas (GHG) emissions.
Masteel, a publicly listed company established in 1971, is the country’s first ultra-low carbon steel manufacturer listed in Bursa Malaysia’s FTSE4Good Index and given a full four-star rating for 2023.
In a statement today, AmBank Group Chief Executive Officer (CEO), Jamie Ling, said the banking group recognizes Masteel’s achievements and is excited to contribute to the company’s continued success in environmental, social and governance (ESG) aspects.
“In line with our ongoing efforts to navigate the rapidly changing economic landscape, this kind of collaboration only further proves AmBank’s commitment to ESG principles.
“This includes sustainable development which also emphasizes the importance of integrating sustainability in business strategy,” he said.
Meanwhile, the Managing Director and CEO of Masteel, Datuk Sri Tai Hean Leng, described the strong collaboration with AmBank as enabling the company to continue to strengthen its leading position in the management and sustainable production of the Malaysian steel sector as well as advance the decarbonisation agenda for the dynamic construction sector.
“It is a great honor for us when the main banking group, AmBank Group, provides a RM84 million financing facility to Masteel and supports the company’s journey as a leading green steel producer in Malaysia and the Southeast Asian region.
“In recognition of this commitment, especially taking into account the steel industry which is part of the sector that also consumes carbon, Masteel has stepped up from the status quo by emerging as the Gold Winner of the most significant performance category in a period of three years on 6 November 2023, through the ESG Edge Malaysia Awards 2023,” he said.
[The Star] AmBank grants RM84mil financing to Masteel
Friday, January 12th, 2024[The Edge] MARC affirms AAA-IS(bg) rating for Masteel’s RM130 mil sukuk programme
Tuesday, November 28th, 2023By Anis Hazim
KUALA LUMPUR (Nov 28): MARC Ratings Bhd has affirmed the AAA-IS(bg) rating on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130 million Sukuk Ijarah programme that is guaranteed by Bank Pembangunan Malaysia Bhd, with stable outlook.
The steel manufacturer’s credit profile incorporates its longstanding track record in the domestic production of steel billets and steel bars, MARC said in a statement on Tuesday (Nov 28).
The credit profile was also due improving operational efficiency from investment in production technology, the rating agency said, although margins contracted recently amid higher input costs.
In the first half of 2023 (1H2023), Masteel’s revenue grew by 4.5% year-on-year (y-o-y) to RM934.3 million on higher sales volume, despite the price volatility for both material and product prices, which could pressure margins.
“The group manufactures and markets high-tensile steel bars and prime steel billets, with the domestic market continuing to constitute the bulk of revenue at about 96% in 2022 (2021: 91%),” MARC said.
Operating profit margin, nevertheless, contracted in 1H2023 to 1.8% (2022: 2.6%) on lower steel bar prices — down by 5.3% y-o-y to RM3,690 per metric ton (mt) on average — and higher input costs.
“Despite some easing in recent months, raw material costs remained elevated compared to historical levels, which could continue to weigh on margins,” it noted.
Meanwhile, the company’s total debt was largely unchanged at RM482.2 million as at end-June 2023 as compared to RM471.4 million in 2022, mainly composed of bill payables for working capital. Its gross debt-to-equity (DE) ratio stood at 0.56 times as at end-1H2023, and net DE ratios stood at 0.44 times.
“Masteel had RM100.5 million of cash as at end-June 2023, more than sufficient to meet its its upcoming RM50 million notes maturity under the rated programme on Nov 30, 2023,” MARC said.
Shares in Masteel closed unchanged at 33 sen on Tuesday, valuing the company at RM224.11 million.
3Q23 Financial Results
Monday, November 27th, 20232Q23 Financial Results
Wednesday, August 30th, 2023Change of Address
Friday, July 7th, 2023| MALAYSIA STEEL WORKS (KL) BHD |
| Change description | REGISTERED |
| Old address | Unit B-05-3A, 5th Floor, Block B (West Wing) PJ8 Office Suite, No. 23, Jalan Barat Seksyen 8 46050 Petaling Jaya Selangor Malaysia |
| New address | No. 3A, Mezzanine Floor Jalan Ipoh Kecil 50350 Kuala Lumpur Wilayah Persekutuan Malaysia |
| Telephone No | 03 -40435750 |
| Facsimile No | 03 -40435755 |
| E-mail address | |
| Effective date | 07 Jul 2023 |
Change of Company Secretary
Friday, July 7th, 2023
| MALAYSIA STEEL WORKS (KL) BHD |
| Date Of Change | 07 Jul 2023 |
| Type Of Change | Appointment |
| Designation | Joint Secretary |
| License No | MACS 01564 |
| Name | TAN KOK AUN |
| Working experience and occupation during past 5 years |
Change in Audit Committee
Thursday, June 1st, 2023| MALAYSIA STEEL WORKS (KL) BHD |
| Date of change | 01 Jun 2023 |
| Name | PUAN ZUERAINI BINTI AHMAD BASRI |
| Age | 49 |
| Gender | Female |
| Nationality | Malaysia |
| Type of change | Appointment |
| Designation | Member of Audit Committee |
| Directorate | Independent and Non Executive |
| Composition of Audit Committee (Name and Directorate of members after change) |
Chairman:- Mr Roy Thean Chong Yew (Independent Non-Executive Director) Member:- Puan Zueraini Binti Ahmad Basri (Independent Non-Executive Director) |
| Remarks : |
The Company will fill the vacancy within 3 months so that the Audit Committee is comprised of at least 3 members. |
