Posted by takaje > 2021-11-01 09:33 | Report Abuse

Looks like further consolidation, quiet, no action today. I'll come back tomorrow.

Posted by Johnchew5 > 2021-11-01 09:51 |

Post removed.Why?

Posted by OTB > 2021-11-01 10:25 | Report Abuse

World total production of steel in 2020 = 1.878 billion MT
World total consumption of steel in 2020 = 1.772 billion MT
China reduced 30% production of steel from now until 15/3/2022 = 400 million MT
US government spent USD2.2 trillion to implement infrastructure projects required at least 110 million MT of steel.
EU and G7 leaders to implement B3W initiative required a lot of steel, I cannot quantify the usage.

Overall there is great demand of steel in the world especially in US, EU, G7 and China. Not even 1 country can fill up the vacuum of supply once China reduced steel production by 400 million MT.
China reduced production of steel by 30% will affect Chinese steel stocks because of lower PAT.
This action will bring more benefits to all steel stocks in the world.

Malaysian steel stocks will benefit the most because Alliance Steel and Eastern Steel S/B will sell more steel to China because they are actually China companies. The production of steel is shifted from China to Malaysia.

Thank you.

Posted by UlarSawa > 2021-11-01 10:32 | Report Abuse

Promoter cakap tanam benih kah. Bila mau cultivation tak cakap kah. Anither same tactic like at PA b4 kah. Correct?

Posted by Colgate > 2021-11-01 10:37 | Report Abuse

Temporary paper lose , not a ISSUE for me , i use this kind of PAPER LOSS ..ALL TIME , once make it , my return is MORE ...wonderful income .

Posted by OTB > 2021-11-01 10:38 | Report Abuse

Us rebar steel price was selling as high as USD1,900 in July 2021, more than double if compared to international rebar price US 710 now.

US produced 10% of world steel production, there is a big shortage of steel in the US now.

Hence US government has no choice, but to abolish steel tariff to allow more steel import.

I read this report from a website.
I3 does not allow me to paste the website here.
Thank you.

Posted by Colgate > 2021-11-01 10:38 | Report Abuse

i only admire the steering man , coward and reptile to class , their hard pressing , i correct all , they even HURT compare me ....not way they GAIN ...they also like me , NEED TO WAVE IT UP TREND , only can huge gain back PROFIT ......if you smart , this GAME , i already win in PSYCHOLOGY .

Posted by sweetpotato > 2021-11-01 10:41 | Report Abuse

Looks like China already started seriously control the development of property sector. is it possible the steel demand in China drops? Global supply increases? Prices keep dropping?

Posted by Johnchew5 > 2021-11-01 10:42 |

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Posted by Johnchew5 > 2021-11-01 10:42 |

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Posted by Colgate > 2021-11-01 10:43 | Report Abuse

You are strength , not reason , fear , their fear factor not hurt you at all .

Posted by Johnchew5 > 2021-11-01 10:46 |

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Posted by Johnchew5 > 2021-11-01 10:49 |

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Posted by Colgate > 2021-11-01 10:50 | Report Abuse

LLISTENN ME,
this few day troopper pressing sslaughteringgg, i confirm, CONTRA LEGs all in emerggencyy room, hard to join the train again, they will reetardded the game, awaiting the suitable TIMINGG, reboot again, WAVE IT TEDIOUSLYY.....it is pattern right copy, in many many counterr in bursa, all similar rottenn to stuntt.

Posted by warrenchok90 > 2021-11-01 10:53 | Report Abuse

hiaptek not effect by that tax

Posted by OTB > 2021-11-01 10:56 | Report Abuse

The profit of Hiaptek derived from Eastern Steel S/B is tax free.
Thank you.

Posted by UlarSawa > 2021-11-01 10:59 | Report Abuse

Promoter tanam benih want to run riun again like PA ke. Correct?

Posted by Johnchew5 > 2021-11-01 11:03 |

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Posted by Johnchew5 > 2021-11-01 11:04 |

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Posted by Johnchew5 > 2021-11-01 11:07 |

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Posted by MoneyMakers > 2021-11-01 11:07 | Report Abuse

Steel/iron today dump another 2%-3% (US/EU agreement - abolish tax)

Posted by MoneyMakers > 2021-11-01 11:08 | Report Abuse

China prop sector alrdy slowing down causing commodity demand drop..thats why steel price alrdy crash 20%

Iron even worse crash 50%..magnesium also crash 40%

Posted by MoneyMakers > 2021-11-01 11:13 | Report Abuse

As usual in pump&dump, price never recover @ alrdy 20% dump..waiting bigger dump..volume also gone

Posted by HuatRex > 2021-11-01 11:23 | Report Abuse

Good luck.

Posted by awankign007 > 2021-11-01 11:24 | Report Abuse

https://tradingeconomics.com/commodity/steel

Steel price drop again

Posted by goodiewilly > 2021-11-01 11:28 | Report Abuse

The politicians cause blood shed in Bursa. How to promote stock market in Bursa to the world ??

Posted by serbatipu > 2021-11-01 11:34 | Report Abuse

Ji pai Holland liao steel price drop

Posted by takaje > 2021-11-01 11:35 | Report Abuse

True. It's impossible not to look at our constant politicking by our clown politicians. Our bursa is one of the worst performing markets in the region. lol

https://www.theedgemarkets.com/article/foreign-buying-extended-fourth-week-slower-pace-%E2%80%94-midf

Posted by takaje > 2021-11-01 11:36 | Report Abuse

No sure win. Trade ur plan.

Posted by UlarSawa > 2021-11-01 11:42 | Report Abuse

Shanghai steel futures touched a 7-month low of CNY 4,600 a tonne at a certain point in late October, amid government intervention to cool commodity prices, output controls and weaker demand. The National Development and Reform Commission of China met with key coal producers to further discuss price intervention and investors wonder if the authorities will introduce a cap on commodity prices. At the same time, fresh economic data from China point to an economic slowdown while the construction sector, which accounts for a quarter of domestic steel demand, remains depressed due to property crisis. Also, steel prices are roughly 22% below a record-high of 5,975 hit on May 11th, with output controls weighing as Beijing aims to cut carbon emissions, urging producers to lower steel capacity, improve recycling rates of steel scrap, and promote electric arc furnaces technologies.

Posted by UlarSawa > 2021-11-01 11:43 | Report Abuse

walao steel price in China 7 mth low at 4600 only. Cham liao. Cham liao. Correct?

Posted by UlarSawa > 2021-11-01 11:46 | Report Abuse

Steel price drop 22% and Hiaptek drop 22% from 70sen. What a co incidence leh. Sama sama move at
the same rate. Correct?

Posted by MoneyMakers > 2021-11-01 12:15 |

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Posted by MoneyMakers > 2021-11-01 12:18 | Report Abuse

Steel goreng over (commodity price crashing)..if lucky got final goreng for sharks to exit b4 bigger dump

Posted by OTB > 2021-11-01 12:21 |

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Posted by straightarrow > 2021-11-01 12:24 | Report Abuse

http://www.sunsirs.com/uk/prodetail-927.html

Posted by OTB > 2021-11-01 12:29 | Report Abuse

At least I dare to show my analysis instead of simply pass any unverified statement.
Want to personal attack, no problem I also can do it.

Posted by sweetpotato > 2021-11-01 12:31 | Report Abuse

setuju, no personal attack la. sesiapa pun boleh comment, betul Ho ho?

Posted by Investor 999 > 2021-11-01 12:35 | Report Abuse

Final Escape!

Posted by Johnchew5 > 2021-11-01 12:58 |

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Posted by Johnchew5 > 2021-11-01 13:05 |

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Posted by MoneyMakers_HamKChan > 2021-11-01 13:07 | Report Abuse

MoneyMakers is appealing for donation.His wife ,mother and son just died in a motor accident.Contact Investor 999.

Posted by Johnchew5 > 2021-11-01 13:07 |

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Posted by Johnchew5 > 2021-11-01 13:09 |

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Posted by MoneyMakers > 2021-11-01 13:29 | Report Abuse

Hoho steel was biggest pump..now becoming biggest dump following commodity price crash

Posted by MoneyMakers > 2021-11-01 13:30 |

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Posted by ming > 2021-11-01 13:32 | Report Abuse

Dont think kyy able control.. got tsdl lagi eh..

Mayb uncle kena eat also..

Posted by Johnchew5 > 2021-11-01 13:42 |

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Posted by Johnchew5 > 2021-11-01 13:44 |

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Posted by Johnchew5 > 2021-11-01 13:44 |

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