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HG Metal Manufacturing Limited ( (SG:BTG) ) has issued an announcement.
During its Annual General Meeting, HG Metal Manufacturing Limited addressed shareholder inquiries about its strategies for managing steel price and inventory risks. The company highlighted its approach of aligning inventory with production needs and using fixed price contracts to mitigate pricing risks. Additionally, the company is working on improving its procurement planning to reduce production waste due to increased scrap metal volume from higher sales and customized metal specifications.
More about HG Metal Manufacturing Limited
HG Metal Manufacturing Limited is a company based in Singapore, operating in the metal manufacturing industry. It primarily focuses on producing and managing steel products and services, with a market emphasis on optimizing inventory and pricing strategies.
Average Trading Volume: 136,155
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$100.3M
Learn more about BTG stock on TipRanks’ Stock Analysis page.