Posted by Newbie_123 > 2022-04-21 10:18 | Report Abuse

@Contrarian, as I'm pretty new here can I know who's "WC" as you mentioned hahaha

Posted by TheContrarian > 2022-04-21 10:19 | Report Abuse

Wu Chang

Posted by Newbie_123 > 2022-04-21 10:22 | Report Abuse

Who's Wu Chang? A top broker or renowned sifu is it?

Posted by TheContrarian > 2022-04-21 10:25 | Report Abuse

Sifu to some, syndicate to others.

Posted by TheContrarian > 2022-04-21 10:30 | Report Abuse

@Johnzhang, consider swapping your Boustead Holdings for more Mycron?

Posted by Newbie_123 > 2022-04-21 10:31 | Report Abuse

@Contrarian - Thanks for the sharing. Appreciate :P

Posted by Johnzhang > 2022-04-21 11:28 | Report Abuse

@TheContrarian, No. I think Bstead is just as good.

Posted by TheContrarian > 55 minutes ago | Report Abuse

@Johnzhang, consider swapping your Boustead Holdings for more Mycron?

Posted by Johnzhang > 2022-04-21 11:30 | Report Abuse

@TheContrarian, in fact I am buying more Masteel .

Posted by mf > 2022-04-21 12:13 | Report Abuse

get ready

Posted by MunChunxX > 2022-04-21 13:59 | Report Abuse

KUALA LUMPUR – The government will impose anti-dumping duties on imports of cold-rolled coils of alloy and non-alloy steel of thicknesses between 0.20mm and 2.60mm and widths between 700mm and 1,300mm originating or exported from China, South Korea, and Vietnam.

The duties imposed are between 7.42% and 42.08%.

The government has also made a final determination that the anti-dumping duties will not be imposed on imports of tin mill black plate and subject merchandise for automotive end-usage, the International Trade and Industry Ministry said today.

“The Customs Department will enforce the collection of anti-dumping duties for a period of five years, effective October 9, 2021 to October 8, 2026.

“With the continuation of the imposition of anti-dumping duties on imports of the subject merchandise from China, South Korea, and Vietnam, it is expected that the issue of unfair trade practices will be addressed,” the ministry said in a statement here today.

The ministry said the duties on Bengang Steel Plates Co. Ltd, BX Steel POSCO Cold Rolled Sheet Co. Ltd, and Jiangsu Shagang International Trade Co. Ltd, all from China, were 42.08%, 35.89%, and 42.08%, respectively. Duties on other companies from China will also be 42.08%.

As for South Korea, duties on Hyundai Steel Company are 11.55% and nil on Posco. Other companies from the country will be imposed 21.64%.

For China Steel Sumikin Viet Nam Joint Stock Company from Vietnam, a 33.70% duty will be imposed. Posco-Viet Nam Co. Ltd. gets 7.42%, and other companies will be imposed a quantum of 33.70% as well, it said.

On April 12, the government initiated a sunset review on the imposition of anti-dumping duties with regard to imports of cold-rolled coils of alloy and non-alloy steel of thicknesses between 0.20mm to 2.60mm and width between 700mm to 1,300mm originating or exported from China, South Korea, and Vietnam into Malaysia.

The investigation was initiated based on a petition filed by Mycron Steel CRC Sdn Bhd, on behalf of the domestic industry producing such products.

Pursuant to subsection 28(8) of the Countervailing and Anti-Dumping Duties Act 1993, the administrative review was carried out by the government to determine whether the continued imposition of anti-dumping duties is necessary to offset dumping, or if injury would be likely to continue to recur if the duty were removed or varied.

In accordance with the Countervailing and Anti-Dumping Duties Act 1993 and the Countervailing and Anti-Dumping Duties Regulations 1994, the government had conducted and completed the administrative review before the decision to impose the anti-dumping duties arrived, it said

Posted by MunChunxX > 2022-04-21 13:59 | Report Abuse

steel seems good in coming QR

Posted by TheContrarian > 2022-04-21 14:11 | Report Abuse

Yes, good for 1st quarter, even better for 2nd quarter.

Posted by Johnzhang > 2022-04-21 17:05 | Report Abuse

It was a scary plunge to 68 sen at 4.25pm.

Posted by TheContrarian > 2022-04-21 17:41 | Report Abuse

Forced selling of contra players.

Posted by maf1964 > 2022-04-21 20:21 | Report Abuse

so what wus it be for mycron on friday. up or down?

Posted by TheContrarian > 2022-04-21 20:24 | Report Abuse

Hopefully rally will resume tomorrow morning.

Posted by maf1964 > 2022-04-22 07:39 | Report Abuse

me too

Posted by jackfruit > 2022-04-22 09:32 | Report Abuse

Relax ..lah...just a correction and consolidation. After this next wave higher.

Posted by brennan > 2022-04-22 22:34 | Report Abuse

drop

Posted by Johnzhang > 2022-04-24 11:30 | Report Abuse

I think Steel will have its day soon.
The energy crisis and the Ukraine war will reduced global steel production and supply considerably. Supply reduction shall far exceed the demand destruction arising from inflation and economic slowdown.
The global largest steel producing countries are : (1) China, (2) EU, (3) India, (4) US, (5) Russia, ( 6) SKorea, (7) Turkey, (8) Brazil, ( 9) Iran, (10) taiwan, (11) Ukraine
But the 2nd (ie EU) and 4th ( ie US) largest producers don't produce enough for domestic use. US and EU are the world top and 2nd largest nett importers respectively.
Top nett exporters are : (1) Russia, (2) Japan, (3) SKorea, (4) Ukraine, (5) China, (6) India.
The top 2 nett importers need to import more to fill the production curtailment due to sanction and exorbitant energy cost. The top nett exporters Russia and ukraine are not going to fill the gap due to war, sanction and logistical issues. Other nett exporters like Japan, Skorea, China and India are not keen to produce more .

Posted by brennan > 2022-04-25 09:20 | Report Abuse

So malaysia will this time to export more n more out to the Importers Country lo>>??

Posted by apple168 > 2022-04-27 11:37 | Report Abuse

Bought 0.63-0.65 today! Cheers!

Posted by powerup89 > 2022-04-27 14:59 | Report Abuse

Yezza

Posted by Johnzhang > 2022-04-27 15:03 | Report Abuse

https://newswav.com/A2204_zP3dDa?s=A_Wk6LirO

Posted by Johnzhang > 2022-04-27 15:04 | Report Abuse

Steel demand will be high as China going for all out infrastructure push to ramp up economy.

Posted by ppginvest > 2022-04-27 15:05 | Report Abuse

WA > mother?

Posted by a98hzm > 2022-04-27 15:09 | Report Abuse

can wa higher than mother

Posted by a98hzm > 2022-04-27 15:12 | Report Abuse

sell mother buy wa la mcm ni

Posted by TheContrarian > 2022-04-27 15:15 | Report Abuse

Should be sell warrant, buy mother.

Posted by TheContrarian > 2022-04-27 17:41 | Report Abuse

@apple168, how could have bought at 0.63 today if the lowest price transacted was 0.635?

Posted by apple168 > 2022-04-27 20:24 | Report Abuse

Oops, the 0.63 unmatched… anyway, huat ah! Haha…

Posted by apple168 > 2022-04-27 20:25 | Report Abuse

Please be informed that we will take profits tomorrow…

Posted by TheContrarian > 2022-04-27 21:53 | Report Abuse

No worries, my cost only 38.5 sen.

Posted by jackfruit > 2022-04-28 09:43 | Report Abuse

Apple HengYuen waiting for you.ha..ha...

Posted by bjgdila123 > 2022-04-29 08:04 | Report Abuse

p

Posted by nono_hardi > 2022-04-29 15:10 | Report Abuse

small wave coming

Posted by ALrookie > 2022-04-29 15:44 | Report Abuse

Bearish coming? Rookie here...

Posted by Johnzhang > 2022-04-29 18:37 | Report Abuse

Steel price in China has gone up from RMB4,100 per tonne in Nov 2021 to RMB5,200 now . Good sign ahead .

Posted by brennan > 2022-04-29 20:23 | Report Abuse

but this few days keep drop

Posted by TheContrarian > 2022-05-13 11:06 | Report Abuse

Go, go, go Mycron.

Posted by ALrookie > 2022-05-13 13:29 | Report Abuse

What a pretty symmetric breakout! Bullish

Posted by Eurus1973 > 2022-05-13 14:27 | Report Abuse

Let’s wait for good news announcement

Posted by TheContrarian > 2022-05-13 16:56 | Report Abuse

Best closing so far this year.

Posted by bjgdila123 > 2022-05-13 18:29 | Report Abuse

next week will meletop

Posted by Eurus1973 > 2022-05-15 13:20 | Report Abuse

Ini kali lah, go go go

Posted by apple168 > 2022-05-16 17:55 | Report Abuse

Mycron is another good one to short9e since Fed chairman, Powel determined to flatten the inflation by raising interest rate, hence bringing down the commodity prices!

Posted by apple168 > 2022-05-16 19:13 | Report Abuse

Our colleagues shorted Pmetal… now is Mycron turn!

Posted by TheContrarian > 2022-05-16 19:19 | Report Abuse

Hahahaha, Mycron not on RSS or IDSS list lah, any short selling automatic buying-in at 10 bids above last done price.

Posted by TheContrarian > 2022-05-17 09:07 | Report Abuse

Go, go, go Mycron.

Posted by TheContrarian > 2022-05-17 16:25 | Report Abuse

So quiet here.