Posted by ValueInvestor888 > 2021-11-02 11:32 | Report Abuse

the coal price has dropped low enough (after limit down for almost 10 days) due to china govt intervention. After this is over which is imminent, other commodity price will recover

Posted by MoneyMakers > 2021-11-02 11:34 | Report Abuse

Aiyoo no need copy paste same nonsense everyday

Better show updated info @ how much steel price crash past week..price alrdy break below 100-day EMA also never say

Posted by Johnchew5 > 2021-11-02 11:35 |

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Posted by Johnchew5 > 2021-11-02 11:37 |

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Posted by MoneyMakers > 2021-11-02 11:39 | Report Abuse

Aiyoyo go brag whatever million/billion to friends..keep repeat online 4 what..focus stock info better

Posted by Johnchew5 > 2021-11-02 11:40 |

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Posted by OTB > 2021-11-02 11:41 | Report Abuse

So good should make million.
At least I made my million in KLSE.
There are many readers in I3 made million in 2020.
Result speaks louder and clearer.

Shouting loud in I3 will not guarantee you make money in KLSE.
Shouting loud does not guarantee you are right.
Shouting loud does not guarantee you will win.

Posted by Johnchew5 > 2021-11-02 11:41 |

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Posted by Johnchew5 > 2021-11-02 11:43 |

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Posted by MoneyMakers > 2021-11-02 11:44 | Report Abuse

Hoho kon john how u want to hardsell today..coal crash 30%..iron crash 15%

Posted by MoneyMakers > 2021-11-02 11:44 |

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Posted by Johnchew5 > 2021-11-02 11:46 |

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Posted by Johnchew5 > 2021-11-02 11:47 |

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Posted by Johnchew5 > 2021-11-02 11:53 |

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Posted by MoneyMakers > 2021-11-02 11:55 | Report Abuse

Hoho looks like kon john no idea to spin today..nvrmnd try again tomorrow

New day..new kon..new john..kon john

Posted by Johnchew5 > 2021-11-02 11:57 |

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Posted by UlarSawa > 2021-11-02 11:59 | Report Abuse

Tabur benih bila nak tuai ni. Mau run road again ke. Correct?

Posted by Johnchew5 > 2021-11-02 11:59 |

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Posted by Johnchew5 > 2021-11-02 12:02 |

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Posted by Johnchew5 > 2021-11-02 12:02 |

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Posted by UlarSawa > 2021-11-02 12:03 | Report Abuse

Why so defensive like at PA before in the past ke. Same same pattern also lah. Connman ni. Correct?

Posted by Johnchew5 > 2021-11-02 12:04 |

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Posted by Johnchew5 > 2021-11-02 12:06 | Report Abuse

Ok lah pity him , we all give him a biscult , better than kfc ..right ? cannot make money one ?

Posted by Johnchew5 > 2021-11-02 12:07 |

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Posted by Johnchew5 > 2021-11-02 12:08 |

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Posted by Johnchew5 > 2021-11-02 12:10 |

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Posted by Johnchew5 > 2021-11-02 12:12 |

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Posted by UlarSawa > 2021-11-02 12:13 |

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Posted by Johnchew5 > 2021-11-02 12:14 |

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Posted by Johnchew5 > 2021-11-02 12:15 |

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Posted by Jhau65 > 2021-11-02 12:15 | Report Abuse

China steel players like Angang steel is crashing.

Be careful !!!

Posted by UlarSawa > 2021-11-02 12:17 |

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Posted by Johnchew5 > 2021-11-02 12:17 | Report Abuse

Oh TG is down , 2.60 ! TP 2.50 is otw soonest ..

Posted by takaje > 2021-11-02 12:18 | Report Abuse

Short Hiaptek, jangan tak short! In kali lah.

Posted by Johnchew5 > 2021-11-02 12:18 |

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Posted by UlarSawa > 2021-11-02 12:20 | Report Abuse

Tonnage is expressed in million tonnes (Mt).

RANK COMPANY TONNAGE 2020
1 China Baowu Group (1) 115.29
2 ArcelorMittal (2) 78.46
3 HBIS Group (3) 43.76
4 Shagang Group 41.59
5 Nippon Steel Corporation (4) 41.58
6 POSCO 40.58
7 Ansteel Group 38.19
8 Jianlong Group 36.47
9 Shougang Group 34.00
10 Shandong Steel Group 31.11
11 Delong Steel Group 28.26
12 Tata Steel Group 28.07
13 Valin Group 26.78
14 JFE Steel 24.36
15 Nucor Corporation 22.69
16 Hyundai Steel 19.81
17 Fangda Steel 19.60
18 IMIDRO (5) (e) 18.90
19 Benxi Steel 17.36
20 Liuzhou Steel 16.91

Posted by MoneyMakers > 2021-11-02 12:21 | Report Abuse

Alrdy bored with kon john nonsense..dont want entertain u anymore

Posted by takaje > 2021-11-02 12:26 | Report Abuse

Short dia, jangan tak short!

Posted by UlarSawa > 2021-11-02 12:28 | Report Abuse

World largest Steel maker peak at 13th sept 2021 rm11.84 and now drop like golek sampai kaki bukit at Rmb6.80 only in less thaann 2 mths. So scary
Correct?



https://www.google.com/search?q=baowu+steel+share+price&oq=baowu+&...-8
02/11/2021 12:27 PM

Posted by OTB > 2021-11-02 12:30 |

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Posted by MoneyMakers > 2021-11-02 12:33 | Report Abuse

Not knowledgable in steel production, dont talk nonsense coal/iron price drop good 4 steel price aiyoyo

Posted by MoneyMakers > 2021-11-02 12:36 | Report Abuse

Wait 4 nxt steel crash..then can short 50%

Should be coming soon since other metals/production components like coal/iron alrdy crash 30%/15% overnight

Posted by takaje > 2021-11-02 12:41 | Report Abuse

I like. You are the man. Short already remember to post here. Like that baru syok.
Bull makes money, bear makes money, makmur for all.

Posted by OTB > 2021-11-02 12:44 | Report Abuse

Coal and iron ore are raw material required in steel production.
Cheaper raw material will reduce the production cost.
Steel price drops, the profit margin is still the same or better if the drop in the raw material cost is more than the drop in the steel price.
Shouting loud does not guarantee you will win.

Posted by MoneyMakers > 2021-11-02 12:47 | Report Abuse

Aiyoyo last time steel price up b’coz iron/coal price up = higher profit = share price up

Now iron/coal price crash = steel price crash = orig profit = orig share price (25sen)

Posted by MoneyMakers > 2021-11-02 12:51 | Report Abuse

Alrdy pump until 70sen b’coz steel/iron/coal price up

Now raw materials crash 50%..steel crash 20% & getting lower..how to fundamentally sustain high share price

Posted by Philip ( buy what you understand) > 2021-11-02 12:51 | Report Abuse

hi OTB,
if steel price drops, how about the existing inventory price, does it go down also or they can still sell at higher price? you will have 1-2 months of inventory that is done using high prices, will buyers want to buy that inventory or wait for lower prices to do their contract purchases?

>>>>>

Posted by OTB > Nov 2, 2021 12:44 PM | Report Abuse

Coal and iron ore are raw material required in steel production.
Cheaper raw material will reduce the production cost.
Steel price drops, the profit margin is still the same or better if the drop in the raw material cost is more than the drop in the steel price.
Shouting loud does not guarantee you will win.

Posted by MoneyMakers > 2021-11-02 12:53 | Report Abuse

Can only artificially sustain share price above 55sen if sharks pump..but then bigger dump will come b’coz steel game alrdy over (price crashing)

Posted by OTB > 2021-11-02 13:05 |

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Posted by OTB > 2021-11-02 13:06 | 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.