Drop

Bravo

I am accumulating

Time to sell. My greatest investment in 6 months.

Good. Just less than 7 weeks, 82% .

Moving forward like Surteco Group listed in Germany

I am IN

Good show coming after 2:30pm

Well manage by real entrepreneur .

The end is ending faster

More drama, more going south

The end of Serba

Unloading now. Enough after 51%

Buy more

Plastic and packaging are the KING after post Covid and US-CHINA trade war

See you at 1.08 happen in 2017/28, Cant remember

Waiting

I am IN

Shanghai steel futures fell from a record-high of 5,887 yuan a tonne, in tandem with the prices of steelmaking ingredients such as iron ore, after the Tangshan local government warned mills to tame market price surge and banned steelmakers from spreading price-hike information. Earlier, Chinese Premier Li Keqiang urged the country to take action to control the raw material price rally of recent months. Steel prices and profitability at mills have been rising on strong domestic demand at the start of the construction season, along with environmental restrictions. Global demand is also making a return as more economies reopen, with China’s finished steel exports surging 24.5% from a year earlier in the first four months of the y

WEAKNESS IN MARKET IS OPPORTUNITY

Shanghai steel futures surged to a new record-high above *5,700* yuan a tonne buoyed by strong domestic demand as the peak constructions season starts.

Also, production curbs aimed at reducing carbon emissions in China’s steel capital Tangshan have been boosting prices and profitability at mills.

Global demand is also making a return as more economies reopen, with China’s finished steel exports surging 24.5% from a year earlier in the first four months of the year.

Sold all , bought 500 lots @ 0.443 since March 2021 when freight charges getting expensive and expensive. Time to Sell

Shanghai steel futures surged to a new record-high above 5,700 yuan a tonne buoyed by strong domestic demand as the peak constructions season starts.

Also, production curbs aimed at reducing carbon emissions in China’s steel capital Tangshan have been boosting prices and profitability at mills.

Global demand is also making a return as more economies reopen, with China’s finished steel exports surging 24.5% from a year earlier in the first four months of the year.

WEAKNESS IN MARKET IS OPPORTUNITY

ASX 200 joins Wall Street at record levels, as commodities reach new highs
By business reporter Michael Janda
Posted Yesterday at 9:28am, updated Yesterday at 2:58pm

Iron ore prices rose to fresh new highs on the back of higher steel prices in China. Steel prices lifted on demand hopes."

MCO is not mean use glove more than 2020.

What happen?

Tata Steel Stock Hits New Record High As Brokerages Raise Price Targets
Nickey Mirchandani
@onlynickey
May 07 2021, 1:22 PM IST


Shares of Tata Steel Ltd. hit a fresh lifetime after analysts raised their FY22 earnings estimates and target prices, citing a rally in steel prices amid supply crunch and decarbonisation efforts in China.

https://www.google.com.my/amp/s/www.bloombergquint.com/amp/markets/tata-steel-stock-hits-new-record-high-as-brokerages-raise-price-targets

IS STEEL TIME. GLOVE IS PASS.

Shanghai steel futures break above 5,400 yuan a tonne for the first time on record buoyed by strong domestic demand as the peak constructions season starts.

Also, production curbs aimed at reducing carbon emissions in China’s steel capital Tangshan have been boosting prices and profitability at mills. Global demand is also making a return as more economies reopen, with China’s finished steel exports surging 24.5% from a year earlier in the first four months of the year.

Shanghai steel futures break above 5,400 yuan a tonne for the first time on record buoyed by strong domestic demand as the peak constructions season starts.

Also, production curbs aimed at reducing carbon emissions in China’s steel capital Tangshan have been boosting prices and profitability at mills. Global demand is also making a return as more economies reopen, with China’s finished steel exports surging 24.5% from a year earlier in the first four months of the year.

Shanghai steel futures break above 5,400 yuan a tonne for the first time on record buoyed by strong domestic demand as the peak constructions season starts. Also, production curbs aimed at reducing carbon emissions in China’s steel capital Tangshan have been boosting prices and profitability at mills. Global demand is also making a return as more economies reopen, with China’s finished steel exports surging 24.5% from a year earlier in the first four months of the year.

Good profit and growth already price in since early 2021. Shall look at Steel now. Post recovery, Solar, 5G, Infrastructure spending, EV cars, all related to steels and related supply chain of steels. Steel counters are consider cheap as compare to their 2018 peak .

STEEL is 2021, GLOVE was 2020

Iron ore price surges as steel rally fires up demand

MINING.COM Staff Writer | May 5, 2021 | 10:43 am Intelligence Markets Australia China Latin America Iron Ore
Iron ore price surge as steel rally fires up demand
Stock Image
Iron ore prices have risen to record highs in recent weeks, largely because supply has not been able to keep pace with demand in China, where crude steel production has grown by 30% over the past five years.

QR will be the best . Steel is Hot Theme in 2021 like Glove in 2020. Top counter , Engtex, LSTeel

Read and decide your self , llrr77


https://www.google.com.my/amp/s/mobile.reuters.com/article/amp/idUSKBN2CL0MY

Reuters
TUE MAY 4, 2021 / 5:01 AM EDT
Column: China seeks to cool red-hot steel sector, and aims at Australia

China's finance ministry announced on April 28 that it will remove export tax rebates for 146 steel products from May 1, while waiving import tariffs for some products, including pig iron, crude steel, recycled steel raw materials and ferrochrome.

The end of the export tax rebates may affect about 33.35 million tonnes of steel exports a year, according to Tang Chuanlin, an analyst with CITIC Securities.

Engtex and Lsteel are preferred

https://www.theedgemarkets.com/article/prestars-1q-net-profit-surges-strong-demand-steel-products?type=malaysia

Steel is 2021 Superstar
Glove was 2020 superstar

Engtex is Best with height NTA


https://www.google.com.my/amp/s/www.livemint.com/news/india/steel-makers-hike-prices-of-hrc-crc-by-up-to-rs-4-500-per-tonne/amp-11620142228064.html

https://www.google.com.my/amp/s/www.livemint.com/news/india/steel-makers-hike-prices-of-hrc-crc-by-up-to-rs-4-500-per-tonne/amp-11620142228064.html

STEEL - 2021 THEME
Glove - 2020 Theme

capacities are available in the market, rubber glove prices have started falling, said Supermax Corp Bhd.

"The glove prices have since dropped by between 15% and 25%. Currently, the spot market prices are lower than the contracted prices," said the rubber glove maker in its quarterly results' announcement.

NTA IS RM1.60, MORE THAN RM0.70 TO GO, CHEAPEST STEEL COUNTER IN BURSA


Posted by excelyou > Apr 6, 2021 12:15 PM | Report Abuse X

The steel market extended its upward momentum into April, with Shanghai steel futures rising above 5,000 yuan a tonne for the first time ever ahead of a seasonal recovery in demand and uncertainty over supply after top steelmaking city Tangshan pledged to cut emissions by 50% during days of heavy pollution. Domestic demand is likely to be spur by strong construction and manufacturing activities over the coming peak season. China’s property and infrastructure investment surged 38.3% and 36.6%, respectively, in the first two months of 2021 as the economy consolidated its recovery from the coronavirus blow; and industrial profit surged 179%. Latest data from Worldsteel showed most regions reported a decline in crude steel output in February, led by North America (down 8.9%), the European Union (down 7.1%) and Africa (down 6.4%). On the other hand, China the world's largest steelmaker produced about 83 million tonnes in February 2021, up by 10.9% from February 2020.

SSteel is number 2. Engtex , most cheap steel stock.

Discount 50% of NTA of RM1.60

Lion is good.

However , Engtex is cheapest Steel counter. NTA is RM1.60

Glove is OVER. Steel is 2021 Theme

Steels Theme in 2021

Engtex below NTA by more than 50%, will be the most Gain

NOT TOO LATE, RM1.50 above is possible


Posted by excelyou > Apr 6, 2021 12:16 PM | Report Abuse X

Buy before warrant approve

the new themes in electric vehicles, solar and green energy, 5G, big data and IoT (Internet of Things) will boost the steel industry as it moves up the value chain.

2021 theme is Steel .

Bought 300,500 shares with average RM0.68. Waiting for new high since 2018

All steel counters will break their 2018 high.

LIOND - RM1.30
ENGTEX - RM1.55

End...............

All steel counters will break their 2018 high.

LIOND
ENGTEX
MELEWAR
MYCR
CST