Steel price goes up 79 Yuan on 23/7/2021 to 5,600 Yuan/MT.
The steel price breaks one week high.
Please read the below link.
https://tradingeconomics.com/commodity/steel
Steel stocks listed in China had gone up 10% to 20% in the last one week.
Thank you.

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I have shared enough information here.
Please do your homework before you invest.
Do not listen to anyone including me.
It is your money, please decide yourself.

I will stop here.

Thank you.

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LeonFB
Please refer to the below link.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5...
Last 2 quarter EPS = 17.49.
The share price of LeonFB is 0.95.

Vitrox
Please refer to the below link.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=0097
Last 2 quarter EPS = 17.23.
The share price of Vitrox is 19.30.

The share price of LeonFB is only 4.9% of Vitrox.
Very sad.

Thank you.

Posted by BlessedInvestor > Jul 23, 2021 12:24 PM | Report Abuse

Moving towards blast furnaces

To put things into perspective, there are only two major steel players operating blast furnaces currently — Alliance Steel and Eastern Steel.

In general, a blast furnace is three times more capital-intensive than an electric arc furnace (EAF) but its steelmaking cost composition including raw materials is about 25% lower than the latter’s.
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I want to add the below statement about Hiaptek or ESSB.
Blast furnace of ESSB will help to save RM 100 million a year.
Hence the profit of Hiaptek will be good in FY 2022.

Thank you.

No point to attack me, please check my records in I3.

If the stock is not good, I will never recommend it in I3.
I care more on my reputation than money.

In 2021, I recommend steel stocks only.
I recommend Hiaptek in I3 because Hiaptek is my favourite stock.

I did not recommend LeonFB but I support this stock because the fundamental of this stock is also very good.

Thank you.

Thank you BlessedInvestor.
Good article.
Thank you.

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Steel stocks listed in China went up a lot today.
Please be patience to wait for our turn in KLSE.
All steel stocks will perform very well in the next 2 years.
Thank you.

Steel stocks listed in China went up a lot today.
Please be patience to wait for our turn in KLSE.
All steel stocks will perform very well in the next 2 years.
Thank you.

Steel stocks listed in China went up a lot today.
Please be patience to wait for our turn in KLSE.
All steel stocks will perform very well in the next 2 years.
Thank you.

Steel stocks listed in China went up a lot today.
Please be patience to wait for our turn in KLSE.
All steel stocks will perform very well in the next 2 years.
Thank you.

Steel stocks listed in China went up a lot today.
Please be patience to wait for our turn in KLSE.
All steel stocks will perform very well in the next 2 years.
Thank you.

在钢铁去产能政策指导下，国内部分钢厂已公布检修计划。以江苏省为例，1-6月合计粗钢产量6358万吨，增幅12.77%，为完成全年的指标，下半年江苏主导样本钢厂需压减产量400万吨以上。为了满足国内市场需求，进口半成品再轧制成了大部分钢厂的首选。中国钢厂正在积极寻找钢坯进口机会。
据Mysteel获悉，近期市场普方坯进口价格大约在710-725美元/吨CFR江阴港，周环比上涨24-28美元/吨。部分来自印度的低价资源，大约在700美元/吨，但考虑到印度疫情可能造成的船只无法靠岸或停留14天才能进港，大部分买家对印度资源保持谨慎
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Under the guidance of the iron and steel reduction policy, some domestic steel mills have announced maintenance plans. Taking Jiangsu Province as an example, the total crude steel output from January to June was 63.58 million tons, an increase of 12.77%. In order to complete the target for the whole year, Jiangsu's leading sample steel mills will need to reduce their output by more than 4 million tons in the second half of the year. In order to meet the needs of the domestic market, imported semi-finished products are then rolled into the first choice of most steel mills. Chinese steel mills are actively looking for opportunities to import billets.
According to Mysteel, the import price of general billet in the recent market is about US$710-725/ton CFR Jiangyin Port, an increase of US$24-28/ton on a week-on-week basis. Part of the low-cost resources from India are about US$700/ton, but considering that the Indian epidemic may cause ships to be unable to dock or stay for 14 days to enter the port, most buyers are cautious about Indian resources
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Chinese steel mills are actively looking for opportunities to import billets.

Ans : ESSB of Hiaptek is able to compete internationally to export billets.
ESSB will increase the capacity from 700,000 MT to 1.5 million MT in FY 2022.
Hiaptek will perform well in FY 2022.

Thank you.

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The share price can move up north depends on Mr Market.
No one can dictate the share price.
Talk bad about the share price is no use, many times Mr Market will prove you wrong.

Invest quietly will be a better strategy.
I prefer to invest quietly because I had done my homework and I know all my facts and figures.

Thank you.

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The current capacity of the blast furnace plant is 700 thousand tonnes of billets/slab, in FY 2022 the capacity is increased to 1.5 million tonnes.

In 2021, the contribution of PAT of ESSB (Blast Furnace plant) is 20 million per quarter.
In 2022, the contribution of PAT of ESSB is 40 million per quarter.

Billets/slab are in great demand from China and others SEA countries. They are selling like hot cakes.

Thank you.

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Hiaptek
The current capacity of the blast furnace plant is 700 thousand tonnes of billets/slab, in FY 2022 the capacity is increased to 1.5 million tonnes.

The selling price of steel is already up 100% since the end of last year.

Assuming the selling price is about the same or slightly increase as 2021, PAT will be high for Hiaptek in FY 2022.

I like Hiaptek because there is a 100% expansion in capacity in the blast furnace plant for FY 2022.

Thank you.

Vietnam imposed high export tax and lower import tax for steel products. It means the demand of steel products in Vietnam is very high.

China is cutting production of steel products by 30% in the second half of 2021. The reduction of electricity supply to certain province to reduce production of steel products.

All facts are written on the wall pointing to high steel price scenario.
All these information confirmed that the steel price will go up north in the next 12 months.

Thank you.

Vietnam imposed high export tax and lower import tax for steel products. It means the demand of steel products in Vietnam is very high.

China is cutting production of steel products by 30% in the second half of 2021. The reduction of electricity supply to certain province to reduce production of steel products.

All facts are written on the wall pointing to high steel price scenario.
All these information confirmed that the steel price will go up north in the next 12 months.

Thank you.

The reason the share prices of all steel stocks move up north today is because the steel price goes up 141 today to 5,593 Yuan/MT.
Please read the below link.
https://tradingeconomics.com/commodity/steel

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https://tw.stock.yahoo.com/news/%E5%8F%B0%E8%82%A1%E4%B8%8B-%E5%80%8B%...
The summary of this link is
The share price of steel stock will perform very well in Q3 2021.

Thank you.

The reason the share prices of all steel stocks move up north is because the steel price goes up 141 today to 5,593 Yuan/MT.

Please read the below link.
https://tradingeconomics.com/commodity/steel

https://tw.stock.yahoo.com/news/%E5%8F%B0%E8%82%A1%E4%B8%8B-%E5%80%8B%E9%BB%91%E9%A6%AC%E6%98%AF%E8%AA%B0-%E8%AC%9D%E9%87%91%E6%B2%B3%E7%9C%8B%E5%A5%BD%E9%8B%BC%E9%90%B5%E6%A5%AD-q3%E6%9C%83%E6%9C%89-%E7%95%AA%E7%9B%9B%E6%B3%81-014400385.html?fbclid=IwAR2Ecl_rkRfHpRbeuQuz_RO_LVypfjbTMt16qd18Ig2Je-A5tLhEctYoPSg

The summary of this link is
The share price of steel stock will perform very well in Q3 2021.

Thank you.

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