•We maintain our BUY call, forecasts and fair value of RM1.09/share for CSC Steel based on 0.5x its book value. This is consistent with its historical average during the last down cycle in the flat steel sector in 2012–2015.
KUALA LUMPUR (Dec 23): Malaysia has imposed anti-dumping duties on certain flat-rolled steel products from China, South Korea and Vietnam for five years, its Ministry of International Trade and Industry said on Wednesday.
The duties on flat-rolled products of non-alloy steel plated or coated with aluminium and zinc, come after an anti-dumping investigation was carried out on behalf of the domestic industry, the ministry said.
The investigation found that "the subject merchandise is being imported into Malaysia at a price lower than the selling price in the alleged countries", it said in a statement.
The tax would range between 2.18% to 18.88% for products from China, and 9.98% to 34.94% for products from South Korea, and 3.06% to 37.14% for products from Vietnam.
The duties came into effect on Dec 12 and will be imposed until Dec 11, 2025.
Vietnam made a similar move on Wednesday, putting duties on some coil or sheet cold-rolled steel products originating from China, also for five years, starting Dec 28
long steel demand is lesser than flat steel due to construction activity is lesser than during 2019. Flat steel is more opportunity with higher car production and industry sector.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2972 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Survivor13
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Posted by Survivor13 > 2020-11-10 18:03 | Report Abuse
good closing. tomoroow limit up