Posted by OTB > 2022-02-26 23:23 | Report Abuse

The price of palm oil crossed 5,000 on 5/1/2022, the share prices of palm oil stocks started to move up north in the early February.
1 month delayed in timing.

Hope the share prices of steel stocks can move up north soon.
Thank you.

Posted by DrSteel > 2022-02-27 14:32 | Report Abuse

Nippon Steel says can find alternatives for raw material it buys from Ukraine, Russia

https://www.euronews.com/next/2022/02/25/ukraine-crisis-nippon-steel-strategy

“But we expect little impact as we have decided to switch supply sources to Brazil and Australia in the event of a crisis,” he said.

Still, any disruption in steel exports from Russia and Ukraine could bolster global steel prices as the two countries have a solid presence as exporters, Mori said.

For Nippon Steel, bigger export opportunities and higher steel prices could help boost its profits, but the conflict could also have a negative impact on the global economy, he said.

“We have to keep a close eye on the development as we don’t know which way it will swing,” Mori said.

Nippon Steel has forecast its business profit will jump to 800 billion yen ($6.98 billion) for the year to March 31, from 110 billion yen a year earlier, including 230 billion yen of appraisal gains on inventory.

Posted by DrSteel > 2022-02-27 14:37 | Report Abuse

Brazil pig iron export prices soar on lack of Ukraine, Russia supply

https://www.metalbulletin.com/Article/5086947/Latest-news/Brazil-pig-iron-export-prices-soar-on-lack-of-Ukraine-Russia-supply.html

Posted by DrSteel > 2022-02-27 15:28 | Report Abuse

Russia-Ukraine war to lift Italian pig iron prices

https://www.kallanish.com/en/news/steel/market-reports/article-details/russia-ukraine-war-expected-to-push-up-italian-pig-iron-prices-0222/

Italian pig iron prices are expected to continue to increase significantly in the coming days, as a result of shortages. This comes as the Ukrainian ports of Mariupol and Odessa come under siege from the Russian military.

Because of pig iron shortages from the CIS, an Italian purchase of Brazilian pig iron was heard at the beginning of February. A distributor who buys directly from producers to replenish stocks at Marghera, the main Italian steel port, is said to have bought a large, 35,000-tonne Brazilian vessel at $540/tonne fob Brazil. Some limited Ukrainian and Russian pig iron tonnages of between 7,000t and 15,000t are being sold in Italy at $610-615/t cfr Italy, sources observe.

The war in Ukraine is expected to cause a substantial change in the way Italy procures pig iron. Now that Ukrainian material is surrounded by uncertainty, and sanctions on Russia become a reality, more Brazilian prig iron is expected to be sold into Italy. It remains unclear whether the self-proclaimed Donetsk Republic, now recognised by Russia, will return as a regular pig iron supplier after the EU banned trade with the breakaway regions.

Posted by DrSteel > 2022-02-27 15:48 | Report Abuse

Pig iron: Prices up on trades ahead of conflict

Published date: 24 February 2022

https://www.argusmedia.com/en/news/2305525-pig-iron-prices-up-on-trades-ahead-of-conflict

The seaborne basic pig iron (BPI) market strengthened on fresh US and European bookings of Brazil- and CIS-origin material concluded at higher levels late last week, before the market was thrown into uncertainty by the escalation of tensions between Russia and Ukraine culminating in Russian's invasion of Ukraine on Thursday.

CIS
........

The Argus fob Black Sea weekly price for Russian and Ukrainian BPI moved up to $575/t today, surging $30/t higher from 17 February, driven by sales done to Italy, Turkey and the US late last week.

A Ukrainian producer sold a combined tonnage of 10,000t to two traders in Italy - 5,000t to each - at an average price of $615/t cfr. The shipment is scheduled for early April. The deal price roughly equated to $570–575/t fob Black Sea as one of the buyers estimated a freight rate for the parcel at $40-45/t.

Another Ukrainian exporter traded a 15,000t dispatch to a Turkish steelmaker at $585/t fob, which was in line with the seller's latest offer targets. The delivery is planned for late March. Having finalised the sale, the exporter began to offer April shipment at $600/t fob.

A 30,000t cargo of Russian BPI was bought by a US trader at $615/t cfr, with the fob equivalent price estimated by market participants at around $575/t.

Following the trade, a large Russian steelmaker planned to enter the global BPI market with $630–640/t cfr offer targets of April shipment meant primarily for the US. But rising Russia-Ukraine tensions left the market bracing for potential sanctions against Russian business, and the steelmaker stepped back.


Brazil, US
...........

Brazilian BPI producers adopted a wait-and-see stance this week, with offer indications limited and expectations bullish.

The latest price for Brazilian material achieved in a concluded deal was $585/t cfr Nola as a large Brazilian exporter sold 35,000t of high-phosphorous BPI for April shipment to a US steel producer late last week. The deal netted back to around $550/t fob south Brazil.

Another 30,000t cargo containing Brazil-origin pig iron of various grades, including around 15,000t of BPI, was booked by a US trader as regular once-a-quarter business. The price for BPI within the deal was heard from $600/t to $615/t cfr but could not be conclusively confirmed.

Some market participants pointed to $580-600/t fob as possible levels for the next sales of Brazilian BPI if shipments from Russia and Ukraine are disrupted as expected.

The Argus weekly BPI fob south Brazil price assessment settled at $550-560/t today, up $7.50/t on average from last week. The fob north Brazil BPI assessment followed suit to rise to $560-565/t today, the same $7.50/t higher than the prior level.

The Argus weekly cfr Nola BPI assessment increased by an average of $30/t on a week earlier to stand at $585–590/t today, reflecting the new trades.


Asia
.........

BPI values in Asia-Pacific rose over the past week, buoyed by stronger buying interest from Taiwan, Japan, South Korea and Thailand, while China was broadly quiet with no indications heard in recent weeks.

All Asia-Pacific demand this week was covered by India-origin material. A prompt cargo of 15,000t was reported sold to Thailand at around $650/t cfr. A similar-sized parcel was heard traded to Taiwan at $635/t cfr, although final details could not be confirmed by the time Argus went to press.

In addition, a 20,000t cargo to Korea and a few small dispatches to Korea and Japan were heard to changed hands at $630–640/t cfr. All these indications were much higher than regional price ideas of around $595–600/t cfr heard last week.

Posted by cckiong > 2022-02-27 17:37 | Report Abuse

Dr stell do u think it will cause a drastic rise in steel price in Asia including malaysia and how long is the crunch will be

Posted by DrSteel > 2022-02-27 17:46 | Report Abuse

I think it wont be too drastic but i expect this a long term effect as Russian wont easily give in and Europe & US will continue sanction till Ukraine is released.

It will turn drastic if China cant help Russia by buying these steel products Russia cant export (Ukraine facility will still be closed though). This is still high possibility considering SWIFT ban and that asian economy / construction activity will rise soon after the covid apparent end

Posted by cckiong > Feb 27, 2022 5:37 PM | Report Abuse

Dr stell do u think it will cause a drastic rise in steel price in Asia including malaysia and how long is the crunch will be

Posted by MoneyMakers > 2022-02-27 20:40 |

Post removed.Why?

Posted by MoneyMakers > 2022-02-27 20:40 | Report Abuse

Looks like steel price crashing again..sure china ramping production after olympics (no need care air pollution anymore)

Historical value only 30sen at current steel price

Posted by DrSteel > 2022-02-27 22:13 | Report Abuse

http://www.spglobal.com/platts/en/market-insights/latest-news/energy-transition/011122-analysis-chinas-eaf-steelmaking-capacity-on-rise-amid-decarbonization-goals

Posted by DrSteel > 2022-02-27 22:17 | Report Abuse

This would lead to a net decrease in China's pig iron and crude steel capacity from late 2022 and onwards.

Posted by DrSteel > 2022-02-27 22:19 | Report Abuse

These capacity swaps will lead to a net decrease of 4.91 million mt/year in China's total crude steel capacity, Platts calculations showed.

Posted by adikhantamking > 2022-02-28 02:14 | Report Abuse

M.maker u dont like just quit
Don come here kaww peh kaw buuu

Posted by VincentTang > 2022-02-28 10:22 | Report Abuse

China steel price up 2.13% to 4701 now. Rebound from low. Buy Hiaptek, AYS, Annjoo and Prestar.

Posted by Jerichomy > 2022-02-28 10:38 |

Post removed.Why?

Posted by adikhantamking > 2022-02-28 11:25 | Report Abuse

@Jericho u think u are smart? C1LAKA luuuu jiak sai

Posted by adikhantamking > 2022-02-28 11:31 | Report Abuse

i sold my tech , buy more hiapteik^^
oil price up , steel price also gonna raise soon

Posted by cckiong > 2022-02-28 12:44 | Report Abuse

The one million dollar question in stock market is will hiaptek quarterly earning continue to grown in 2022, especially in china. Anyone wants to share his thought

Posted by wongchin > 2022-02-28 12:57 | Report Abuse

I think QR not so superb. Maybe there is some profit. By look at the share price is one easy gueessing.

Posted by MoneyMakers > 2022-02-28 13:54 | Report Abuse

Steel price crash from 6K to 4.7K..guess lo how bad QR & how low share price will go

Historically only 30sen at current steel price

Posted by adikhantamking > 2022-02-28 14:19 | Report Abuse

money u siao liao
u know egg price now how much

u ask the kedai runcit jual u 30 sen lah

Posted by Tobby > 2022-02-28 14:34 | Report Abuse

Posted by adikhantamking > Feb 28, 2022 2:19 PM | Report Abuse

money u siao liao
u know egg price now how much

u ask the kedai runcit jual u 30 sen lah

Answer : Yeah, can't even find eggs in supermarket nowadays! Same with steel in coming weeks! Decision is yours!

Posted by adikhantamking > 2022-02-28 14:57 | Report Abuse

@money u memang makan beras tak faham harga beras , kesian

Posted by Beltland > 2022-02-28 15:30 | Report Abuse

Steel price crash from 6K to 4.7K..guess lo how bad QR & how low share price will go

Historically only 30sen at current steel price
28/02/2022 1:54 PM

Actual Previous Highest Lowest Dates Unit Frequency
4760.00 4656.00 6198.00 1580.00 2016 - 2022 Yuan/MT Daily


At 07 Dec 2015 steel rebar trading at 1560 therefore

Operations at Eastern Steel were halted since October 2015, to minimise losses due to difficult market conditions .

Today even drop below 4.7k Eastern Steel still making tons of money ! if not why must Jianlong injected rm 325 million into Eastern Steel .

You are smarter than Jianlong Investment team financial analyst ?


Please talk with rational facts !! Keep shouting 30 cts without supporting facts is shameless liar !!!!

Posted by John Lu > 2022-02-28 16:16 | Report Abuse

Heard a China joint venture company want to acquire all Hiaptek share at 0.8

Posted by cckiong > 2022-02-28 16:48 | Report Abuse

I also heard that the China Steel Rebar future (CNY/T) will go to 6000...in my dream

Posted by adikhantamking > 2022-02-28 17:18 | Report Abuse

Comm is more safe

Posted by adikhantamking > 2022-02-28 17:27 | Report Abuse

I Accumulaing more

Posted by MoneyMakers > 2022-02-28 18:11 |

Post removed.Why?

Posted by cckiong > 2022-02-28 18:50 | Report Abuse

Good forecast written by Annjoo
On a positive note, steel demand recovery in China is expected to be bolstered by the country’s accelerated infrastructure spending and the relaxation of property loan restrictions to stabilise the property sector. The upcoming March-April construction peak period in China should also provide a stronger impetus for steel consumption momentum. China is also expected to continue to cap its steel output, thus moderating the risk of over-supply from the biggest steel producing country in the world.
Of concern, however, is the relatively uncertain outlook for raw material and fuel costs, and potential downside risk to global steel consumption given prolonged supply chain disruptions and persistently high energy prices on the back of on-going US-China trade frictions and commencement of Russia-Ukraine war. The emergence of new COVID-19 variants, which prolongs the pandemic, adds uncertainty to steel demand recovery. Going forward, steel players are expected to report lower margins as a result of rising raw material and fuel costs, as well as elevated inflationary in general.

Posted by adikhantamking > 2022-02-28 19:42 | Report Abuse

@money u always out of topik , aduh kesian u

Posted by MoneyMakers > 2022-02-28 22:37 |

Post removed.Why?

Posted by Jerichomy > 2022-03-01 08:16 |

Post removed.Why?

Posted by OTB > 2022-03-01 08:32 |

Post removed.Why?

Posted by ZoeZoe > 2022-03-01 10:03 | Report Abuse

waiting patiently for a reversal in Hiap Tek.

Posted by skyjet > 2022-03-01 10:41 | Report Abuse

China steel price big up today, buy more Hiaptek

Posted by Jerichomy > 2022-03-01 11:05 |

Post removed.Why?

Posted by MoneyMakers > 2022-03-01 11:27 | Report Abuse

Kenanga says Ann Joo's earnings are expected to come off steeply due to lower steel average selling price (ASP) and rising costs.

Ann Joo’s underperformance is largely due to the steep fall in Chinese steel prices (from c.RM3800/t to RM3100/t).

We believe steel uptrend seen over the past year has ended and steel prices would not be able to surpass peak prices seen in early May 2021.

Kenanga downgraded the stock to "underperform" from "market perform".

Posted by MoneyMakers > 2022-03-01 11:35 | Report Abuse

Steel price crashed last quarter

Time 4 hiaptek crash back to 30sen range (historical value at current steel price)

Posted by LeonXx9 > 2022-03-01 12:01 | Report Abuse

Hiaptek to 30 cents?? What are you thinking???

Posted by MoneyMakers > 2022-03-01 13:29 | Report Abuse

Walao never know hiaptek used to be 30sen only meh

Wonder what syndicates been hardselling here past few months..brainwash with nonsense high TP rm1++

Posted by Jerichomy > 2022-03-01 14:38 |

Post removed.Why?

Posted by Jerichomy > 2022-03-01 14:38 |

Post removed.Why?

Posted by OTB > 2022-03-01 15:13 |

Post removed.Why?

Posted by MoneyMakers > 2022-03-01 15:27 | Report Abuse

Lol agreed..dunno do own research simply believe whatever article syndicate post on i3

Simply think if posted on i3 then must be gem kikiki

Posted by Jerichomy > 2022-03-01 15:30 |

Post removed.Why?

Posted by sharemarket21 > 2022-03-01 17:27 | Report Abuse

One ought to be cautious when majority have the same opinion and consensus. While the stock failed to react during the best global news sentiment, what if negative news set in from no where. That's how it hit AYS. When the positive and best news and information were published openly in website and accessed by many, there is nothing special about the stocks price direction. Think differently and act ahead of others if you have plan to invest. Make sure you get the best and lowest price. Make sure you make the profits from i3 investors or traders or anyone who is leading you to no where. Their loss is our gain.

Posted by MoneyMakers > 2022-03-01 20:06 | Report Abuse

30sen each AYS/hiaptek better

Posted by Jerichomy > 2022-03-01 20:36 |

Post removed.Why?

Posted by OTB > 2022-03-01 23:38 |

Post removed.Why?