Steel demand, new investment from Hong Leong Asia give BRC Asia a boost

BRC Asia has so far evaded the turmoil in the construction sector: The seller of steel products is even reporting strong revenue and earnings growth and has attracted the attention of conglomerate Hong Leong Asia.

The company offers reinforcing steel products and services such as standard-length rebar, cut-and-bend services, prefabrication services as well as standard and customised welding wire mesh. And it is enjoying a rebound in demand for those goods and services.

Construction activity, which took a hit last year as countries tried to curb the spread of Covid-19, is rebounding on resumption of works, pent-up demand and governments' attempts to stimulate economies.