MISA holds opening ceremony for office at UMFCCI building

Myanmar Iron and Steel Association (MISA) opened its office on the 13th floor of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) on 21 June, with a view to accelerating the iron and steel business development.
Dr Kay Thi Lwin, chair of the MISA, general secretary U Aye Thiha, U Aye Tun, chair of Myanmar Industries Association (MIA), officials of the Ministry of Commerce and the Ministry of Industry and affiliated companies attended the ceremony.
MISA existed as a cluster of the MIA since 2014. It was also accepted by the Directorate of Investment and Company Administration.
Additionally, the MISA joined the South East Asia Iron and Steel Institute (SEAISI) in December 2018 to promote the iron and steel industry by building networks with the members of the SEAISI.
The MISA will move forward to the development of industry standards which are compatible with the country and the production of iron and steel products that meet international standards. The association will cooperate with international organizations to grow small and medium steel enterprises, disseminate iron and steel information and receive technical assistance from the regional countries by holding seminars and research paper reading sessions.
At present, Myanmar’s steel demand is estimated at 2.5 million tons per year, 92 per cent of which are imported. The demand is likely to grow up to 5.4 million tonnes per year in 2030, according to the MISA. — NN/EM