Thanks for sharing, chonghai, didn't see this old news but very useful.

Great write up & thank you for sharing, FutureEyes!!!

More & more good articles with different points of view, it proved we do not need to rely on so called experts from Newspapers & Investment Bankers.

Haha, LuLu La, good one!

谢谢你们的存在，股市才更精彩，大家才有钱一起赚，感恩！

什么是胡言乱语？什么是神仙同家？
每天几百万交易不叫几百一千票！一块四毛上到一块九不叫有排没得升！明白吗？

Well said, stockraider, Major shareholder was purely investor, not connected to management nor taiwan holding co.

Hahaha, at least I can dream of staying at Langkawi......

Great observation, probability, hands up to agree, thumbs up!

Imagine we can pay 60k+ for Toyota Altis as those staying Langkawi....

Exactly, murali, we all suffer because of stupid national car plan

What can you expect? Not sure? Here you go:

1. Margin improved
2. Market share for local producers increased
3. Market share for importers' crc reduced

Ultimately, think if you are william cheng, what can you do to revive megasteel?

As users of CRC, they used to be able choose to import CRC from China/Korea/Vietnam or to buy from local crc producers.

Now, price of Imported CRC increased due to price increase in China and imposition of anti dumping duties.

Meanwhile, cost of production for local CRC reduced more than 400 per tonne, a great saving of approximately 25%~30%.

Please note that Half of local CRC consumption were imported from oversea while the other half were fulfilled by local CRC producers for past many years.

The improved and large margin spread between selling price and production cost gives strong position for local producers to compete in previously oversea supplied market.

So, let's talk about business, godd question from murali.

Hi probability, I am still thousands miles away to be there yet, just a bit of luck to aware something in it only.... :)

It is always good to stay aside if you are not sure what would be the outcome of this industry in the near future.

Interesting, the following are not discussed or deeply enough in the article:

1. Effect of anti-dumping duties on CRC from China, Korea & Viet Nam over Malaysia CRC market
2. Local comsumption of CRC vs imported cheap CRC for past years
3. Saving in raw material mainly HRC due to closing of Megasteel
4. Chance of Megasteel to be up & running again
5. Progress and latest development of China government's effort in cutting down its steel procudtion capacity
6. China's CRC & HRC market
7. Malaysia's CRC & HRC market over all above development & effects.

While the whole article is sharing many good points to think about and many questions raised, but no further discussion on the points or questions raised.

Think as business owner who is running the steel company, especially CRC companies, you will have to dig deep on how to capitalise all advantages & positve development into the company's strengths and try all efforts to contain all negatives and competition.

Record down to show true character of certain people:
---------------------------------------------------------------------------------------------------
muscular Limit down counter.. Good luck.. Bursa oredi warned
14/09/2016 23:25

I have been happy everyday since last week, hope all happy too and wish great weekend ahead!!!

Since the SC administrative clecks don't know what to do, panic to see.

All steel stocks should be issued UMA now, hahaha

When there is other theme play in place, many will switch to other counters to dance with the music

I mean started = get more recognition from public

The steel play has just started since last week, good time in steel industry can last for more than a year, so let's see if it is true

Make your own judgement, if you think it's time, just do it. No one has any right to laugh at you even the price has gone up further again.

If you think not sure and sell to lock in profit, congratulation but you have no right also to laugh at those who didn't sell after price gone down.

Make yourself respectable human and you will able to attract more good people go near you, life will be much more pleasure and pleasant.

Thank you, moneycashrich

Also, please keep open to accept all kinds of news from reliable sources, say Newspapers, Bursa Listing Announcement, true expert's websites locally or internationally.

Find all kinds of hidden gems or dangerous, make it as your own advantages in investing

Haha, surely, imoogi99, they will right one day.

If not dare to take calculated risks in investment, better stay away from stock market.

Stock market is a place to make judgement based on the risks & rewards assessment. Blindly follow sure die.

If you keep thinking crash, it will be good to stay away.
If you think it will up later, then make your own judgement.

Please don't pretend like stock expert when nothing new come out.

When stock up, quiet & disappeared.
When stock down, all kinds of jokers will appear & said: See, I told you already.

Sound like MuttonCurry is true supporter of Icapital TTB, shouting crash since many years ago & missed all opportunities.

This MuttonCurry has been here talking crash/down/fall/no tomolo since price at RM0.70

Come on, show us you are taiko!

What's wrong with 2 of you? KLCI King & blackealge1989?

To buy or to sell is your business, no one cares, please go somewhere to sort out all of your problems, sound fair?

After sprinting all the way for so many days, it's taking a rest in order to run again later

ヾ｜￣ー￣｜ﾉ

Congratulation! It's always happy to see fellow members to make money, invest to make profit is the purpose we are all here.

For those who believe long way to go, including me, go go go!!!

CSCSteel should now at 2 if not someone help to press down the price, also thank him for having chance to come in at low

Hehe, probability

CSCSteel start to move finally, please show the face of market leader ＼（＾○＾）人（＾○＾）／

Agreed to WealthWizard, buy or sell within own capacity

Doing something beyond will sometimes either gain all or risk all, kind of dangerous stuff. I personally can't afford with that.

Let's see how it goes tomorrow then

Let's face it, today market dropped as low as -15pts, strykerjunior.

I don't understand what your mean by saved by public holiday on Monday, it saved then it should be UP???

Why I abandoned TA after learning it for so many years?

Because price won't go up because chart say so, it goes up because of companies doing well in real business.

Price won't go down because chart say so, it goes down because of bad quarterly result.

hahaha, that's sound interesting ┏(＾0＾)┛┗(＾0＾) ┓

THANK YOU!!! Probability!!!

I overlook something, thanks for writing that comment.

One more thing, I never ask anyone to buy, please read all my comments everywhere, I don't care who buy who sell.

In fact, I have been asking people to sell, as long as you are happy.

Who cares Lionxxx? All are rubbish companies now.

You are not answering my question, muscular.

WealthWizard, the cost saving in raw material (HRC) at RM400-RM500 is confirmed, please refer to the following news:

According to Choo Bee CEO Mark Tan, Megasteel will normally charge RM400 to RM500 premium per tonne for HRC over international prices.
http://www.klsescreener.com/v2/news/view/81555

Thanks to Yoloooo for sharing above news.

Yoloooo, thank you again for sharing the following news, I've been trying to find reliable source in ascertaining the price difference. knowing it from news & owner of the PLC is far more solid by knowing it from mouth only. Thank you very much.

According to Choo Bee CEO Mark Tan, Megasteel will normally charge RM400 to RM500 premium per tonne for HRC over international prices.
http://www.klsescreener.com/v2/news/view/81555

Oh, may be you can challenge the figures shown at below article?

Huge Potential Upside for CRC Steel Producers: CSCSteel (+24%) & Mycron (+90%) (Part 2)
http://klse.i3investor.com/blogs/wealth123/103812.jsp