Steel prices likely to go up again in April By: FE Bureau | April 5, 2021 12:30 AM While India HRC prices in Mar-21 were flat m-m and lower vs the peak levels in Jan-21, they were up ~42% on a y-o-y basis. steelmakers
A near-term momentum in HRC prices is likely, with prices. While India HRC prices in Mar-21 were flat m-m and lower vs the peak levels in Jan-21, they were up ~42% on a y-o-y basis. A near-term momentum in HRC prices is likely, with prices expected to witness Rs 2,000-3,000/t hikes in April 2021, on the back of strong domestic demand, rise in export price offers (up $30/t w-w) from Vietnam and local steel being Rs 5,000/t cheaper vs imported steel on landed cost basis, Nomura has said.
U understand why more profit can be made when input raw material prices move up ah ??
1.Suppose Raw material prices move up 50%....a company holding Rm 100m inventory will buta buta make extra rm 50m mah...!!
2. Just say the company normal profit margin is 10%....if the selling price is Rm 100....the company will make Rm 10.00 loh! Suppose the selling price is increase to Rm 150 & still maintain 10% margin...that will mean the company will make rm 15 which is higher mah!
Alcoa, Freeport-Mcmoran, Arcelormittal, BHP on the rise during early trading session. Commodities on the rise due to inflation concerns and expected economic recovery.
Shanghai steel futures surged past another milestone to trade above 5,300 yuan a tonne as attempts from steel mills to produce more have been limited due to environmental restrictions imposed in China’s steel capital Tangshan while demand keeps growing. China’s crude steel output increased 19% from a year earlier to a near-record on high-profit margins and exports in March jumped to a 4-year high, signaling robust global demand. The construction frenzy that has been boosting demand for the metal is likely to be spur by strong construction and manufacturing activities over the coming peak season.
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....
tesla
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Posted by tesla > 2021-03-23 18:37 | Report Abuse
why drop?