Posted by leoting > 2017-04-18 11:52 | Report Abuse

RMB3333 is higher than Malaysia Local Price.

Posted by Risk Rider > 2017-04-18 11:57 | Report Abuse

RMB3333 divided by 1.54 exchange rate, Price = RM2,164

Posted by leoting > 2017-04-18 12:00 | Report Abuse

5% import tax, 13% safeguard tax, RM30 transportation per MT. margin of profit all yet to include....RM300 more expensive than Malaysia local price

Posted by leoting > 2017-04-18 12:11 | Report Abuse

Malaysia local currently trade RM2150-2250 depend sizes of bar. If import from China, it will need RM2650 to trade.

Posted by Risk Rider > 2017-04-18 12:25 | Report Abuse

Don't forget 9% rebate from China Government for steel export

Also, please read comments by Management in Ssteel quarterly report.

Posted by leoting > 2017-04-18 12:43 | Report Abuse

I guess you are not working for the Steel industry before, right?

Posted by leoting > 2017-04-18 12:48 | Report Abuse

Now, Malaysia importers partially switch to Turkish and Vietnam while you say importer buy from China?

Posted by Risk Rider > 2017-04-18 12:53 | Report Abuse

I guess you never read SSteel latest quarterly report & don't under China & World steel industry, I don't see any proof you are working in steel company too, leoting

Posted by Risk Rider > 2017-04-18 12:54 | Report Abuse

Pls continue to act like newly promoted stock expert, leoting.

Posted by Risk Rider > 2017-04-18 12:57 | Report Abuse

Please be humble when discussing anything, who knows what you are except yourself, you are nobody to me since you are not using real ID. Nothing to cheer about

Posted by Risk Rider > 2017-04-18 12:58 | Report Abuse

If you not happy with the news, pls write email or letter to Sin Chew to express your disagreement. Guess they will publish it for you are leoting

Posted by leoting > 2017-04-18 13:00 | Report Abuse

Spend my time in research is more meaningful.

Posted by Risk Rider > 2017-04-18 13:17 | Report Abuse

Now I know you are in steel play, that's good, I will share more steel news here so all members can assess not only good news, but also bad news