1. China has announced plans for reduction of 25m to 35m mt of steel capacity in 2018. China wants to enforce stringent environmental controls and focus towards quality production.
2. SEA countries will benefit from huge infrastructure spending and China Belt-Road initiatives.
3. Domestic demand for construction steel is expected to pick up, driven by large-scale infrastructure and development projects such as MRT2, LRT3, ECRL, HSR, SUKE, DASH etc.
4. All local long steel maker are not exporting to US, so US global tariff on all steel imports is not going to affect it.
hng33 1. China has announced plans for reduction of 25m to 35m mt of steel capacity in 2018. China wants to enforce stringent environmental controls and focus towards quality production.
2. SEA countries will benefit from huge infrastructure spending and China Belt-Road initiatives.
3. Domestic demand for construction steel is expected to pick up, driven by large-scale infrastructure and development projects such as MRT2, LRT3, ECRL, HSR, SUKE, DASH etc.
4. All local long steel maker are not exporting to US, so US global tariff on all steel imports is not going to affect it
""At my age, I am not afraid to tell the truth even though Mr Ooi will be very angry with me for cracking his rice bowl."" Quote from KYY.
Such a cruel old person. KYY is a terrible person , EGO bigger than a mountain. Just because OTB doesn't buy into JAKS, he is cracking OTB's rice bowl and even admit it!!!
Be careful with Masteel....KYY wants to prove that he is right and to keep his ego, i think he will purposely crash down Masteel price to win...he may lose a few millions in the process but what's that to the old man?? He will donate his money away after all, but he needs his big fat EGO .
and do remember msia steel will NOT directly impact on the tariff bcoz we export only little to US. the impact only happen when exporters to US cannot sell there so have to lower it cost or sell to other countries.. other countries will not be msia as we already had anti dumping.
it need time to see the real scenario.. probably in Q3.
JN88, the theory might be correct but economically is were not like that. US steel now facing similar problem with msia steel in 2015. Then association brought up this to gov and threaten to stop production, cause unemployment etc.Then only msia gov apply anti dumping.
What US plan to do now is the same thing. Protect own steel industry and its workers.
no need to see your trade acc now, better drink coffee and chill out. please do believe mr market always wants to recover and will be recover becoz its the place for fund and IBs to earn money. they will bring market up once the times comes
so BE PATIENT
but uncertainty will prolonged until US confirmed its tariff and the impact after tariff implement
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....
hng33
20,528 posts
Posted by hng33 > 2018-03-05 12:17 | Report Abuse
1. China has announced plans for reduction of 25m to 35m mt of steel capacity in 2018. China wants to enforce stringent environmental controls and focus towards quality production.
2. SEA countries will benefit from huge infrastructure spending and China Belt-Road initiatives.
3. Domestic demand for construction steel is expected to pick up, driven by large-scale infrastructure and development projects such as MRT2, LRT3, ECRL, HSR, SUKE, DASH etc.
4. All local long steel maker are not exporting to US, so US global tariff on all steel imports is not going to affect it.