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Overview
Financial Highlight
Headlines
Business Background Malaysia Steel Works (KL) Bhd Shs engages in manufacturing of steel bars and steel billets. The company also has an associate company which is a Bio Nexus certified company that manufactures radioisotopes which are used by hospitals for cancer imaging. The group is primarily organised in one business segment which is the manufacturing of steel bars and billets. The firm's main activities areas are the Malaysia and Outside Malaysia. The company's factories are located strategically at Petaling Jaya and Bukit Raja, Klang in the state of Selangor. It generates most of its revenues through the manufacturing of steel bars and billets in the Malaysian market.
  WiraBoleh Pembinaan LRT ni akan mendorong permintaan keluli https://www.hmetro.com.my/bisnes/2024/04/1082168/lrt-laluan-mutiara-sokong-potensi-ekonomi-pulau-pinang 24/04/2024 1:42 PM Mini2021 A mandatory review of the Section 301 tariffs on imports from China concluded May 14 with recommendations to increase some tariffs on $18 billion worth of Chinese goods, establish an exclusion process for a limited number of products, and make other changes. A Federal Register notice soliciting comments on the proposed changes is expected next week. The recommendations are included in the Office of the U.S. Trade Representative’s report on its review of the tariffs, which were first imposed in 2018 in an effort to persuade China to modify its “harmful technology transfer-related acts, policies, and practices.” USTR Katherine Tai said that while the tariffs have been somewhat successful in that regard, “further action is required.” USTR also downplayed the impact of the tariffs on U.S. businesses, saying they have had small negative effects on U.S. economic welfare, prices, and employment and that these impacts are “particularly associated” with China’s retaliatory tariffs on U.S. exports. In fact, USTR asserted, the tariffs have helped to increase U.S. production in the most-affected industrial sectors, reduce imports from China, and increase imports from alternate sources, “thereby potentially supporting U.S. supply chain diversification and resilience.” USTR is therefore proposing to maintain all existing Section 301 tariffs on Chinese goods and to add or increase tariffs on the following products. - battery parts (non-lithium-ion batteries) – from 7.5 percent to 25 percent in 2024 - electric vehicles – from 25 percent to 100 percent in 2024 - lithium-ion electrical vehicle batteries – from 7.5 percent to 25 percent in 2024 - lithium-ion non-electrical vehicle batteries – from 7.5 percent to 25 percent in 2026 - medical gloves – from 7.5 percent to 25 percent in 2026 - natural graphite – from 0 to 25 percent in 2026 - other critical minerals – from 0 to 25 percent in 2024 - permanent magnets – from 0 to 25 percent in 2026 - personal protective equipment – from 0-7.5 percent to 25 percent in 2024 - semiconductors – from 25 percent to 50 percent by 2025 - ship-to-shore cranes – from 0 to 25 percent in 2024 - solar cells (whether or not assembled into modules) – from 25 percent to 50 percent in 2024 - steel and aluminum products – from 0-7.5 percent to 25 percent in 2024 - syringes and needles – from 0 to 50 percent in 2024 15/05/2024 6:58 AM AlexChiaWS https://www.cnbc.com/2024/05/17/china-pledges-billions-in-measures-to-support-struggling-property-sector.html Finally, China government announce support for property developer. More project can be finished, steel price shall be stabilize. 19/05/2024 5:36 PM  djibaok Latest Profit: QoQ- UP 350.84% YoY- UP 382.03% Kasi angkat masok dalam tong... 05/06/2024 8:59 PM bullrun168 Walaoeh, what happend ? Masteel super damn hot man today ! Now Masteel was traded at @0.345 (+0.02) (+6.2 %) Heng ah, Ong ah, Huat ah ! 07/06/2024 10:01 AM monetary 3Q20 stated with 3.6m Pat when it turned to black. It slowly improved to 13m QoQ 07/06/2024 10:09 AM monetary meanwhile, local steel price stay steady at 3k per ton for almost 3months already. 07/06/2024 10:11 AM Whiteevoque Looking good for wave 3. Construction sector has started to be in bullish trend, next is steel!!! Masteel + sendai both in wave 3!! 08/06/2024 7:06 PM  Sslee https://tradingeconomics.com/commodity/steel Look at rebar price trend and you will know next quarter result will not be good. 09/06/2024 7:32 AM monetary Those probably is cq grade. In Malaysia only bs grade is accepted by jkr. All mid to large scale private project also use bs grade. Currently bs grade rebar is 3k per tone. 09/06/2024 11:54 AM monetary Only 14% revenue is from export. Mostly export to Singapore, I think. Unlike glove, steel doesn't compete with China in global Market. 09/06/2024 1:10 PM daretocutandchange hopefully is steel sector turn right now,watch out mycron dare to play....... 09/06/2024 2:24 PM stncws steel protection again.. or selling price improve...more construction jobs in Johor, JCORP 14/06/2024 11:03 AM newbie9893 steel sector will be next theme to play..buy now to be rewarded very soon 14/06/2024 12:05 PM KingKKK MASTEEL - The Steel Stock Primed for Data Center Growth (KingKKK) https://klse.i3investor.com/web/blog/detail/bestStocks/2024-06-15-story-h-158958696-MASTEEL_The_Steel_Stock_Primed_for_Data_Center_Growth_KingKKK 15/06/2024 9:04 PM  speakup amboi! apa pun relate to data centre. toilet paper pun boleh, more DC workers berak at DC need use more toilet paper 15/06/2024 9:50 PM StartOfTheBull Data centers are not kilang kasut, why need so many workers? 🤣 15/06/2024 10:07 PM bullrun168 Walaoeh, what happend ? Super damn hot man Masteel today ! Now Masteel was traded at @0.37 (+0.01) (+2.8 %) Heng ah, Ong ah, Huat ah ! 02/07/2024 9:26 AM bullrun168 Wow, Amazing ! Now Masteel was traded at @0.38 (+0.02) (+5.6 %) Heng ah, Ong ah, Huat ah ! 02/07/2024 3:53 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
