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1.12   +0.01 (0.90%)  1.10 - 1.14  566,800
2,758 comment(s). Last comment by SuperPanda at Jun 28, 2017 12:24 PM
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SuperPanda
50 posts

Posted by SuperPanda > Jun 22, 2017 09:42 PM | Report Abuse

BTW, kndly show us the fact and figure if hve btter knwledge. Dont condemn and tell story only. Others wnts to know ur acclaimed thought.


kevin008
905 posts

Posted by kevin008 > Jun 23, 2017 12:04 PM | Report Abuse

why when oil price up u dun comment..now oil price drop only said negative impact to steel
good la..iron ore drop all steel company can buy cheap material


haha54
11 posts

Posted by haha54 > Jun 23, 2017 09:25 PM | Report Abuse

guys, this forum created to share information i believe. there is no need to fight or be mean.


haha54
11 posts

Posted by haha54 > Jun 23, 2017 09:25 PM | Report Abuse

appreciate for your sharing, SuperPanda.


inquisitor
7 posts

Posted by inquisitor > Jun 24, 2017 01:11 AM | Report Abuse

https://www.bloomberg.com/news/articles/2017-06-05/the-hard-to-believe-steel-shortage-that-s-unfolding-across-china

Even if iron ore price goes down, doesn't necessary mean steel prices will go down in tandem too, ya. In China's case, the closure of several plants meant a temporary shortage in production of steel. Hence the reason why steel price in China remained quite high.

Similarly, closer to home, the closure of Megasteel's Banting plant has benefited the remaining players.

The Malaysian Government has also instituted special import duties to prevent dumping of cheap rebars from China. Masteel produces rebars and billets and so will benefit from this protectionist policy of the government which will also benefit the other steel players.

Furthermore, there are lots of large infrastructure projects coming in the pipeline 2H of 2017 which, like it or not, will require.... rebars.

Without the market flooded by artificially cheap imports and coupled with the potential rising demand in 2H of 2017, steel mill production lines will no longer be under utilized, but will see increase running times (maybe 24 hours? who knows).

Looks like 2H of 2017 will see steel players earnings rising and rising.... I don't know. I would like this to be true, but of course I can be wrong


kevin008
905 posts

Posted by kevin008 > Jun 25, 2017 02:25 PM | Report Abuse

Hello this is share market
If u holding a share with all the bad news..why still comment so much..just sell la
Talk bad for wat..wan mislead ppl and loss more it is
Be realistic la..if u got this share..sure talk good rather than talk bad la
Dun tell me u holding a share and keep talk stupid thing and hope the share keep drop and wan sell cheap


77huat77
1243 posts

Posted by 77huat77 > Jun 25, 2017 02:56 PM | Report Abuse

kevin008 du lan already haha calm down bro


SuperPanda
50 posts

Posted by SuperPanda > Jun 28, 2017 12:24 PM | Report Abuse

wen people panic they will sell, cut loss.. price more drop.. so must tell them ths is bcoz of other sentiment.. not bcoz of the steel biz itself. miti hve safeguard duty til Apr'19, no need to worry. im in const biz, now steel price at 2.4K per ton.. at ths price steel will mke money.

id rather tell something informative (those are from forbes if u read them), if you dun agree stil fine but dont be badmouth. share wont go up by badmouth people. badmouth as u know are not intelligent..

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