Leo, 19th Congress will shut down Hebei Province plant and this include Tangshan Billet plants(raw material for wire rod and rebar) and this constitute 25% of China steel production volume in total.
Bro Liew, if this happened we can celebrate but only short term because chain reaction will impact us right soon after....

Leo, there is no stock by the hardware as we are chase by them everyday as there is no goods delivered by steel millers.

Leo, once there is an announcement of plant shutting down it will create a shortage by this end month and the chain reaction will reflects on September then panic buying.....and u will see the up surge tremendously and hopefully it won happened as what goes up must come down with greater impact.

Bro, this will create uptrend for the steel millers therefore the slogan now is gradually sales technic(慢慢卖）until it is par with China pricing.
China is in critical point, once hit the benchmark point it will shoot up to RM3000/mt within Sept.

Due to shortage in the market, there will be up surge by this weekend as Masteel & Amsteel totally stop delivery to customer as unable to cope with backlog orders.

Due to shortage in the market, there will be up surge by this weekend as Masteel & Amsteel totally stop delivery to customer as unable to cope with backlog orders.

Southern Pricing : (Morning) Maintain
Y16-32=Rm2350
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2550 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2340
Y10,12,Y40 &R10 =RM2490
R6,8,12,16,20&25=Rm2540

Price stabilize at this point as market receptive about price increase for the last 2 weeks.
There will be another uptrend at the 3rd week of August when China plants shut down for 20days for the 19th Congress Politburos Standing Committee Meeting in September 2017.
Pls take note on this as AJ 2nd Qtr & SSteel AR will be out during this period of time.

Southern Pricing : (Morning) Maintain
Y16-32=Rm2350
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2550 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2340
Y10,12,Y40 &R10 =RM2490
R6,8,12,16,20&25=Rm2540

Price stabilize at this point as market receptive about price increase for the last 2 weeks.
There will be another uptrend at the 3rd week of August when China plants shut down for 20days for the 19th Congress Politburos Standing Committee Meeting in September 2017.
Pls take note on this as AJ 2nd Qtr & SSteel AR will be out during this period of time.

Hi Zexon, yes there is some steel bar from Indonesia but not much ,mostly is wire rod to Klang port.

Bro Stock Kingdom u r tight on your estimation but u miss Amsteel on innovation which will prove that those who invest in tech will wins by thumbs up.....

Southern Pricing : (Morning) Up Rm10/mt
Y16-32=Rm2350
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2550 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2340
Y10,12,Y40 &R10 =RM2490
R6,8,12,16,20&25=Rm2540

Southern Pricing : (Morning) Up Rm10/mt
Y16-32=Rm2350
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2550 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2340
Y10,12,Y40 &R10 =RM2490
R6,8,12,16,20&25=Rm2540

Bro Sorimachi, Almost double in rebar of AJ

Southern Pricing : (Morning) Up Rm20/mt
Y16-32=Rm2340
Y10,12,Y40 &R10 =RM2490
R6,8,12,16,20&25=Rm2540 (No Stock)

Amsteel Pricing : (Morning) Up Rm20/mt
Y16-32=Rm2340
Y10,12,Y40 &R10 =RM2490
R6,8,12,16,20&25=Rm2540

Southern Pricing : (Morning) Up Rm20/mt
Y16-32=Rm2340
Y10,12,Y40 &R10 =RM2490
R6,8,12,16,20&25=Rm2540 (No Stock)

Amsteel Pricing : (Morning) Up Rm20/mt
Y16-32=Rm2340
Y10,12,Y40 &R10 =RM2490
R6,8,12,16,20&25=Rm2540

invest _101, HRC is still deem classified as no idea about the write off yet but there is a series of revival for SHRC ongoing.....

Stock Kingdom, as what Leo says its a bit sensitive to publish the figures in public as this is considered classify by each steel millers.

Southern Pricing : (Morning) Maintain
Y16-32=Rm2320
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2500 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2320
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2520

Bro thinking, SSteel billets production is always depends on scrap availabilities, if not enough will source from local or overseas for cheaper cost.

Bro Zexon, depends on orders received that will define production capacity

Southern Pricing : (Morning) Maintain
Y16-32=Rm2320
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2500 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2320
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2520

O Bro MrPauper, I don't think they will restock this size R6 and above as this is not common size therefore will not produce as this will affect production volumes.

SSteel NTA already 1.82, do u think the share will be 1.72?

Bro Sorimachi, EPS should be around 25-28cents

Bro Warmblood, June SS sales is 52k rebar, July 73K rebar, this month expect 70K rebar also

Ok Leo, thanks for the info also but Banting plant is doing some refurbishment to do ribbed wire with tensile strength of 500B, hopefully prove to be successful as this maybe a maker changer for Amsteel.
Yes noted on Bukit raja plant as I have been in Klang plant once but not able to see their production area..

Bro Godhand, what do u mean by restock??

Hi investoo, Sorry that I am not able to compare SS& Amsteel as I have not seem the Banting plant yet, but my informant told me that is the most efficient plant ever built in Msia but too bad it was shut down due to financial issues for not able to pay RM80 million of TNB bills.
What do u mean by DRI? Banting plant is EAF (Electric Arc Furnace) therefore scrap base for feedstock......

Southern Pricing : (Morning) Up Rm20/mt
Y16-32=Rm2320
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2500 (No Stock)

Amsteel Pricing : (Morning) Up Rm20/mt
Y16-32=Rm2320
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2520

Sorry Amsteel also up RM20/mt

Southern Pricing : (Morning) Up Rm20/mt
Y16-32=Rm2320
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2500 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2320
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2520

Hi Bro Sorimachi, Practically most of AJ staff is from SS, this is copy and paste of operation modules therefore there is a similarities except in term of perfection of some weakness and rectify,that was SS problems in management hierarchy

Hi Bro Warmblood, Yes I m from one of the ex steel mill company. AJ price is volatiles is due to funders is trying to push down the right price before pushing up to the next level,PE 9 should be a good start for AJ then u should know what is the TP.

Hi Bro Albukhary, to be in fact AJ have cheaper cost compare to SS & AS that y can sell cheaper but have better profit margin compare to others. See the Annual report and you can understand.

Bro OOMMGG thanks for the knowledge, we only use 螺纹钢HRB400

Bro Warmblood, I roughly understand what you mean already but for your information AJ 70% sales is rebar, wirerod & billet, where the rest is 30% which pipe/mesh is around 10% of AJ production and sales. Pipe & Mesh is not profitable to AJ therefore the impact is minimal therefore AJ performances.....should be okay just ASP is affected ....

Bro OOMMGG, Shanghai Rebar Mkt yesterday is RMb3840 which equal to RM2400/mt, I don't know how u can get RM1710?

Southern Pricing : (Morning) maintain
Y16-32=Rm2300
Y10,12,Y40 &R10 =RM2450
R6,8,12,16,20&25=Rm2500 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2300
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2500

AJ & Masteel cheaper by RM30/mt in all sizes.

Southern Pricing : (Morning) maintain
Y16-32=Rm2300
Y10,12,Y40 &R10 =RM2450
R6,8,12,16,20&25=Rm2500 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2300
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2500

AJ & Masteel cheaper by RM30/mt in all sizes.

Bro OOMMGG, China rebar hit RMB3910 where the billet is RMb3550 already since yesterday closing, China stop producing as hot summer with strong heat wave will force plant to shut down for cutting down electricity consumption(conserve energy).

Warmblood, based on ur price given, where the NP is 12% and the volume is around 150K Mt(2nd Qtr 2107), do u think ur assumption of PAT holds at 10-35Million?? Hope u can enlighten me.......

Good Evening to you Bro Warn3r

Warmblood, u got ur price from???

Ntpboon, some funders is collecting steel mills stock lah, look at it and u will understand, if got excess cash can buy in some

Bro Warn3r, u r right on HY and SSteel report

Southern Pricing : (Morning) Up RM20/MT
Y16-32=Rm2300
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2500 (No Stock)

Southern Pricing : (Morning) Up RM20/MT
Y16-32=Rm2300
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2500 (No Stock)

Good Morning Leo, thanks for sharing CHRB selling prices as they are traders therefore their price is higher than steel mills.

Good Morning Leo, thanks for sharing CHRB selling prices as they are traders therefore their price is higher than steel mills.

Redwin, as said by Leo on the pricing