BUSINESS
Malaysia's steel price to ride global wave in 2021
By John Gilbert
May 3, 2021 @ 10:42am

Malaysia's steel price to ride global wave in 2021
Malaysia’s steel industry is expected to pick up again in 2021 after a slowdown in 2020, in line with rising global steel prices and the rollout of mega projects by the government.
KUALA LUMPUR: Malaysia's steel industry is expected to pick up again in 2021 after a slowdown in 2020, in line with rising global steel prices and the rollout of mega projects by the government.

Industry players said this would be boosted by the New Industrial Master Plan (NIMP) 2021-2030, which will chart the future direction of industrial development in the country.

BUSINESS
Malaysia's steel price to ride global wave in 2021
By John Gilbert
May 3, 2021 @ 10:42am

Malaysia's steel price to ride global wave in 2021
Malaysia’s steel industry is expected to pick up again in 2021 after a slowdown in 2020, in line with rising global steel prices and the rollout of mega projects by the government.
KUALA LUMPUR: Malaysia's steel industry is expected to pick up again in 2021 after a slowdown in 2020, in line with rising global steel prices and the rollout of mega projects by the government.

Industry players said this would be boosted by the New Industrial Master Plan (NIMP) 2021-2030, which will chart the future direction of industrial development in the country.

Engtex holding lot of stock from 2020 and with increase is average selling price, push new high profit like LCTITAN

Iron ore price soars to a record high as China’s steel mills run hot

By Nick Toscano
April 28, 2021 — 4.35pm
The price of iron ore, Australia’s biggest export, has surged to an all-time high as aggressive, infrastructure-focused stimulus programs in China fuel booming demand for the key steel-making raw material.

In 2021 , RM1.90 is possible since warrant and dividend declared.

Bought since Feb when RM0.18-20

Glove selling price is dropping, Steel selling is increasing and jumped to a 4-year high, signaling robust global demand.

This counter under MACC and Sabah scrutiny and was a problem co, stay away

China cuts steel import tariffs to push industry to improve
https://www.channelnewsasia.com/news/business/china-cuts-steel-import-tariffs-14710790


STEEL COUNTER WILL FLY LIKE GLOVE IN 2020

METALS 27 Apr 2021 | 13:29 UTC Insight Blog
Historic global steel price rally sweeps iron ore to all-time high

Author Julien Hall
Commodity Metals
Topic Commodities 2021, COVID 19: Coronavirus Outbreak
The staggering recovery of global steel demand last year has driven the market for its main ingredient, iron ore, soaring in recent months, and helped S

ENGTEX

Friends, accumulate steels. Surprise will come soon

GO DOWN SOUTH, SHOULD SELL, NOT BUY


Posted by excelyou > Apr 28, 2021 2:41 PM | Report Abuse X

I am uploading . Bought at RM2.20 since Feb.

I am uploading . Bought at RM2.20 since Feb.

NEW HIGH STEEL PRICE

Shanghai steel futures surged past another milestone to trade above 5,300 yuan a tonne as attempts from steel mills to produce more have been limited due to environmental restrictions imposed in China’s steel capital Tangshan while demand keeps growing. China’s crude steel output increased 19% from a year earlier to a near-record on high-profit margins and exports in March jumped to a 4-year high, signaling robust global demand. The construction frenzy that has been boosting demand for the metal is likely to be spur by strong construction and manufacturing activities over the coming peak season.

Shanghai steel futures surged past another milestone to trade above 5,300 yuan a tonne as attempts from steel mills to produce more have been limited due to environmental restrictions imposed in China’s steel capital Tangshan while demand keeps growing. China’s crude steel output increased 19% from a year earlier to a near-record on high-profit margins and exports in March jumped to a 4-year high, signaling robust global demand. The construction frenzy that has been boosting demand for the metal is likely to be spur by strong construction and manufacturing activities over the coming peak season.

Glove was 2020, Steel is 2021

Shanghai steel futures surged past another milestone to trade above 5,300 yuan a tonne as attempts from steel mills to produce more have been limited due to environmental restrictions imposed in China’s steel capital Tangshan while demand keeps growing. China’s crude steel output increased 19% from a year earlier to a near-record on high-profit margins and exports in March jumped to a 4-year high, signaling robust global demand. The construction frenzy that has been boosting demand for the metal is likely to be spur by strong construction and manufacturing
activities over the coming peak season.

CRAZY HIGH

Steel counters limit up soon??

Oil rises as OPEC seen sticking to policy despite India COVID surge
PUBLISHED TUE, APR 27 20211:43 AM EDTUPDATED 5 HOURS AGO
Reuters

Accumulating slowly. See you in 4Q this year

Downtrend. Move to metal / steel

Buying ....

Sold , bought since October 2020 with average RM0.97.

Selling

210% in just less than 8 weeks

Time to sell ALL

Selling half of my holding

Shortage of chips will kill JCY

On behalf of the Board, UOBKH wishes to announce that Bursa Securities has, vide its letter dated 21 April 2021, resolved to approve the following:-



admission to the Official List and listing of and quotation for up to 110,829,825 Warrants to be issued pursuant to the Proposed Rights Issue of Warrants; and
listing of and quotation for up to 110,829,825 new Engtex Shares to be issued pursuant to the Proposed Rights Issue of Warrants.

Shanghai steel futures have been trading above $5,000 yuan a tonne since the beginning of April, a record high, buoyed by strong demand and environmental restrictions imposed in China’s steel capital Tangshan. China’s crude steel output increased 19% from a year earlier to a near-record on high-profit margins and exports in March jumped to a 4-year high, signaling robust global demand. The construction frenzy that has been boosting demand for the metal is likely to be spur by strong construction and manufacturing activities over the coming peak season.

Steel new high

Invest before everyone shift to Steel

MELBOURNE (April 20): Global miner Rio Tinto Ltd reported lower quarterly iron ore output on Tuesday as wet weather and labour shortages impacted its mine and port operations in Western Australia.

Above average wet weather in the mines and workforce availability disrupted maintenance during the quarter, Rio said, while Tropical Cyclone Seroja impacted operations in April.

Production for the quarter stood at 76.4 million tonnes, down 2% from the same period last year.

"You'd have to suggest that its a pretty average result. They have not delivered iron ore into a solid pricing environment," said David Lennox at Fat Prophets in Sydney.

By Annie Lee | Bloomberg | 2021-04-19 13:07:43

(April 19): Iron ore futures in Singapore surged on signs of robust demand from China’s steel sector, while market focus shifts to output reports from the top producers this week.

Prices advanced for a fourth day on buoyant consumption and improved mill profitability in China, the world’s top steel market. Crude steel production jumped 19% last month from a year earlier to near a record, while exports climbed in March amid optimism about the global economic recovery.

China’s steel output is booming at the same time a pollution crackdown has lifted prices of the alloy and benefited profit margins at the nation’s mills.

BUY MORE

BUY

Good

Can make profit but I believe no one can certain on the target price !

STILL BELIEVE? Move to steel counters

Downtrend...

LBalum and steels counters are of the main theme for 2021

Bought since RM0.63 , no worry.

The Edge

Macpie, Dataprep sink like rocks after shooting up to multi-year highs less than a month ago.

STILL BELIEVE SUCH COUNTERS?

Buy engtex, got warrant to be issue soon

Steel prices likely to go up again in April
By: FE Bureau | April 5, 2021 12:30 AM
While India HRC prices in Mar-21 were flat m-m and lower vs the peak levels in Jan-21, they were up ~42% on a y-o-y basis.
steelmakers

A near-term momentum in HRC prices is likely, with prices.
While India HRC prices in Mar-21 were flat m-m and lower vs the peak levels in Jan-21, they were up ~42% on a y-o-y basis. A near-term momentum in HRC prices is likely, with prices expected to witness Rs 2,000-3,000/t hikes in April 2021, on the back of strong domestic demand, rise in export price offers (up $30/t w-w) from Vietnam and local steel being Rs 5,000/t cheaper vs imported steel on landed cost basis, Nomura has said.

Steel prices likely to go up again in April
By: FE Bureau | April 5, 2021 12:30 AM
While India HRC prices in Mar-21 were flat m-m and lower vs the peak levels in Jan-21, they were up ~42% on a y-o-y basis.
steelmakers
A near-term momentum in HRC prices is likely, with prices.
While India HRC prices in Mar-21 were flat m-m and lower vs the peak levels in Jan-21, they were up ~42% on a y-o-y basis. A near-term momentum in HRC prices is likely, with prices expected to witness Rs 2,000-3,000/t hikes in April 2021, on the back of strong domestic demand, rise in export price offers (up $30/t w-w) from Vietnam and local steel being Rs 5,000/t cheaper vs imported steel on landed cost basis, Nomura has said.

Steel prices likely to go up again in April
By: FE Bureau | April 5, 2021 12:30 AM

While India HRC prices in Mar-21 were flat m-m and lower vs the peak levels in Jan-21, they were up ~42% on a y-o-y basis.
steelmakers
A near-term momentum in HRC prices is likely, with prices.
While India HRC prices in Mar-21 were flat m-m and lower vs the peak levels in Jan-21, they were up ~42% on a y-o-y basis. A near-term momentum in HRC prices is likely, with prices expected to witness Rs 2,000-3,000/t hikes in April 2021, on the back of strong domestic demand, rise in export price offers (up $30/t w-w) from Vietnam and local steel being Rs 5,000/t cheaper vs imported steel on landed cost basis, Nomura has said.

NEWS
Exceptional increase in steel prices
01/03/2021 - Press release , François-Xavier Branthôme - 2021 Season
Unexpected rebound in global automotive industry causes shortage

For several months, players in the metal packaging manufacturing industry, including manufacturers of steel drums for tomato paste, have been worried about the sharp rise in the prices of flat steels used by their industry.

In November, the European Association of Steel Drum Manufacturers (SEFA) drew the attention to the situation on the European flat steel market, which was likely to affect its industry and consequently our tomato processing industry as well in the coming months.
At this time, there were increasing reports of long delivery and lead times at steel mills and delays in the delivery of steel quantities already ordered. For example, the situation was discussed in a contribution by steel market analyst Andreas Schneider: “Steel processors rub their eyes in amazement: while the demand for steel in Germany this year falls to its lowest level in eleven years, steel procurement in the market segment for flat products is currently a challenging task“. Hot-dip galvanized sheet, but also hot-rolled wide strip and cold-rolled sheet are the most affected. Several local steelmakers are completely booked up until March 2021, reports the renowned company MEPS2.

The reasons for the current situation could be summarized as follows:
The demand in some segments of the steel market, in particular the automotive industry, recovered since the summer faster than many had expected. In addition, many companies were replenishing previously reduced material stocks. By contrast, blast furnace-based steel production, which is relevant for flat steel, was only very slowly getting back on track. MEPS reported that volumes were being diverted from other applications to the automotive industry. In view of the fact that only a very low percentage of the world steel production goes into the packaging industry, it was to be feared that shifts would also affect the production of steel drums.
Driven by the strong Chinese market, steel prices in Asia were significantly higher than in Europe for much of the year. Together with the import restrictive measures imposed by the EU, this led to a significant drop in the volume of imports from third countries this year.
This development was supported by high raw material prices. In particular, iron ore prices reached their highest level in six years.




STEEL PRICE GOING UP AND HIT HIGHEST IN 5 YEARS PERIOD. ENGTEX WILL REACH THEIR HIGEST RM1.50 ABOVE AGAIN

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%).