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Millennium Steel to boost output.
Byline: Busrin Treerapongpichit
Mar. 3--Millennium Steel Plc (MS), the country's largest maker of construction steel, plans0 to increase high-grade steel production to tap premium prices, and cut costs by improving production efficiency.
"We aim to reduce production of commodity-grade steel bars to 50 percent from 60 percent of total production over the next 3-5 years and increase high-grade production," said president Santi Charnkolrawee.
High-grade steel normally fetches 2,000 baht more per tonne than the commodity grade.
Increased production of premium products was also part of the company's marketing strategy.
The company ...
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