MALAYSIA STEEL WORKS (KL)BHD

KLSE (MYR): MASTEEL (5098)

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Last Price

0.325

Today's Change

-0.005 (1.52%)

Day's Change

0.32 - 0.33

Trading Volume

2,602,200


18 people like this.

14,813 comment(s). Last comment by rizal2020 3 days ago

Nigel Low

1,463 posts

Posted by Nigel Low > 2016-10-21 18:48 | Report Abuse

Unic - U bought this counter too?

6044

123 posts

Posted by 6044 > 2016-10-23 14:44 | Report Abuse

Budget 2017 allocate RM 3 Billion for investment into small & mid cap bursa stocks...Masteel shall fly even higher...get set and ready to go.

ng1943

135 posts

Posted by ng1943 > 2016-10-24 18:17 | Report Abuse

Ai think the cap at97.5 shoulld getblown upward tomorrow

Nigel Low

1,463 posts

Posted by Nigel Low > 2016-10-25 08:43 | Report Abuse

China's rebar continue moving up.

USApg

783 posts

Josephine Ong

1,001 posts

Posted by Josephine Ong > 2016-10-26 15:07 | Report Abuse

TP 1.00

funda

484 posts

Posted by funda > 2016-10-27 15:44 | Report Abuse

lagging behind others as usual... :S

Syah Mi

39 posts

Posted by Syah Mi > 2016-10-27 16:18 | Report Abuse

Good company....waiting for the right time to invest

bonbon

181 posts

Posted by bonbon > 2016-10-27 17:14 | Report Abuse

Very lagging, very lame.

ng1943

135 posts

Posted by ng1943 > 2016-10-27 18:45 | Report Abuse

LOOKS LIKE OPERATOR RUNS SHORT OF MONEY AS COMPARE TO MYCRON AND CSCSTEEL=THEY ARE SOLID AND UP WITH CHINA REBAR STILL UPWARD TRAJECTORY

Bird87

883 posts

Posted by Bird87 > 2016-10-28 15:38 | Report Abuse

gone

Nigel Low

1,463 posts

Posted by Nigel Low > 2016-10-29 13:50 | Report Abuse

Kinsteel trigger PN17. Investors may switch over to other steel counters.

heaven123

1,900 posts

Posted by heaven123 > 2016-10-29 15:24 | Report Abuse

Another good news for other steel countets ie ann joo and masteel.

MatBudu

48 posts

Posted by MatBudu > 2016-10-29 15:27 | Report Abuse

run!

heaven123

1,900 posts

Posted by heaven123 > 2016-10-31 20:56 | Report Abuse

Bas..d eagle disap

heaven123

1,900 posts

Posted by heaven123 > 2016-10-31 20:59 | Report Abuse

Bas..d eagle disappeared after make alot money ppl still believe what he said.

Posted by RUOutOfUrMind > 2016-11-01 15:33 | Report Abuse

Where is Calvin now? He kept asking people to buy even price was above RM1. So he just disappeared like that?

ng1943

135 posts

Posted by ng1943 > 2016-11-01 18:52 | Report Abuse

YES YES LONG TERM BULLISH--- START OF NEW UPWARD TREN LEVELD FROM TODAY

ng1943

135 posts

Posted by ng1943 > 2016-11-01 18:58 | Report Abuse

RB PRICE CHART KEEP ON RISING AND SO WITH MICRON AND CSCSTEEL

bonbon

181 posts

Posted by bonbon > 2016-11-02 09:18 | Report Abuse

The more your talk, the more it drops. Better keep quiet lah

heaven123

1,900 posts

Posted by heaven123 > 2016-11-02 12:50 | Report Abuse

That binatang now in gadang forum keep asking ppl to buy gadang.

Posted by Chengkai Kck > 2016-11-03 14:42 | Report Abuse

ok 0.795 I'm buy again,Re enter to this counter...market drop jst bcoz of US president election stuff...nothing change for masteel fundamental.

ng1943

135 posts

Posted by ng1943 > 2016-11-03 21:10 | Report Abuse

all steel down--- while- work of syndicates--they collect

ng1943

135 posts

Posted by ng1943 > 2016-11-03 21:18 | Report Abuse

rb chart still rising like crazy syndicates collect the steel shares while the ignorant small timers forced to sell thru sure panic agnorance and no monies---do opposite--like that sure lose

USApg

783 posts

Posted by USApg > 2016-11-04 10:39 | Report Abuse

Dispose all, leave market...

Yipman

391 posts

Posted by Yipman > 2016-11-07 13:39 | Report Abuse

big boss coming back.

ng1943

135 posts

Posted by ng1943 > 2016-11-07 20:22 | Report Abuse

I TOLD YOU SO ON 3-11-16

ng1943

135 posts

Posted by ng1943 > 2016-11-07 20:27 | Report Abuse

RB PRICE CHART TURN UP NEARLY VERTICALLY--CHINA

ng1943

135 posts

Posted by ng1943 > 2016-11-07 20:40 | Report Abuse

CHINA SPOT STEEL PRICE SURGE ON FUTURES GAIN

Nigel Low

1,463 posts

Posted by Nigel Low > 2016-11-08 10:55 | Report Abuse

Rebar's price in China looking good, steep uptrend.

Nigel Low

1,463 posts

Posted by Nigel Low > 2016-11-08 11:02 | Report Abuse

Previous QR dated 25th August 2016, anyone knows the exact date for this month QR?

ng1943

135 posts

Posted by ng1943 > 2016-11-08 21:11 | Report Abuse

RB PRICE SLIGHTLY DROP MYCRON AND CSCSTEEL NOT AFFECTED BUTMASIEEL DROP WEAK HOLDERS SELL NO MONIES THE REASON BUY TO HOLD AND YOU WILL BE REWARDED IF NO MONIES DONT BUY OR ELSE BIG FISH EAT CHEAP AND VOMIT OUT WHEN HIGH THEY MAKE A KILL THAT WAY

007

1,902 posts

Posted by 007 > 2016-11-09 15:19 | Report Abuse

bulk of masteel loan is in USD, with Trump winning the election, USD going to drop and this will benefit Masteel

1009

2,019 posts

Posted by 1009 > 2016-11-09 16:37 | Report Abuse

Any ppl sapu .. b4 fly again...

007

1,902 posts

Posted by 007 > 2016-11-09 16:57 | Report Abuse

if you see it, if you don't

USApg

783 posts

Posted by USApg > 2016-11-10 10:10 | Report Abuse

Company using scrap to produce long steel, so surge in price of coke will not effect masteel...long steel prices increase but cost remain, expected very profit in next year

007

1,902 posts

Posted by 007 > 2016-11-10 10:26 | Report Abuse

long steel production also use coke la for forming slag but a small percentage like 30kg/ton of steel produced.
As long as there is no dumping steel from China, Masteel quarter result will be excellent looking at the booming of construction sector

USApg

783 posts

Posted by USApg > 2016-11-10 15:28 | Report Abuse

Masteel use scrap as main raw material, so shortage in coke will not effect masteel, now is good price to enter!

USApg

783 posts

Posted by USApg > 2016-11-10 15:45 | Report Abuse

Price of cooking coal rise tripple, scrap price remain

USApg

783 posts

Posted by USApg > 2016-11-10 21:11 | Report Abuse

Starved of coal, China steel mills opt for output cuts and early repairs
http://www.cnbc.com/2016/11/07/reuters-america-starved-of-coal-china-steel-mills-opt-for-output-cuts-and-early-repairs.html
Ruby Lian and Josephine Mason
Monday, 7 Nov 2016 | 6:12 AM ET
* China blast furnaces operating at 4-month low rate -Custeel.com
* Jiangsu Shagang Group suspends a rebar output line -Custeel.com
* Seasonal weakness in demand also contributing to cuts
* Dalian coke, coking coal futures up more than two-fold this year
SHANGHAI, Nov 7 (Reuters) - Stunned by soaring raw material costs, some Chinese steel mills have cut output and even started maintenance works earlier than usual as state-enforced mine closures continue to choke off the supply of key production ingredients, coke and coking coal.
Prices of coke and coking coal, that typically account for 20 percent of steel production costs, have rallied more than two-fold this year amid Beijing's big push to curb overcapacity and pollution, hurting profits for mills.
Blast furnaces in the world's top producer and consumer of steel are as a result operating at their lowest rate in about four months, data from industry consultancy Custeel.com shows, in contrast to earlier this year when robust demand and prices prompted mills to operate at nearly full capacity.
Furnaces across China are running at 86 percent, their lowest since June, according to the data.
In Tangshan, a major steel-producing city in China's Hebei province, furnaces were running at 84 percent of capacity last week, versus around 90 percent in August, the data shows. Hebei accounts for a fifth of the country's steel output.
While a seasonal weakness in demand for rebar, or reinforced steel used in construction, during the colder months may have been a reason for the output cuts, analysts said critically low raw material supplies were a major factor.
"The severe shortage of coking coal and coke has largely lifted steelmakers production cost, forcing some to cut output," said Jin Tao, an analyst with Guotai Jun'an Futures in Shanghai.
According to Custeel.com, Jiangsu Shagang Group, China's top private steelmaker, has suspended a rebar production line, while Zenith Steel, also based in eastern Jiangsu province, is set to start a 10-day overhaul this month, Custeel.com said.
Maintenance typically takes place in December.
Shagang declined to comment and calls to Zenith went unanswered, although Custeel.com said the moves could reduce output by about 40,000 tonnes over Nov. 10-27 for the former and by 25,000 tonnes for the latter.
Any prolonged output cuts would add to the rally in steel prices, but remove some of the upward pressure on the prices of steelmaking ingredients and curb the impact of seasonally slower demand on mills' margins.
Earlier in the day, coking coal futures on the Dalian Commodity Exchange climbed by their 10 percent limit and coke hit its strongest since 2013, extending their months-long rally on tightening supplies.
Coke inventory among steel mills has dwindled to 2-10 days, versus the usual 15-30 days of production, said analyst Jin.
Some steel mills located far from coal production bases, such as Shanxi and Shaanxi provinces, have been hit particularly hard by the tight raw material supplies, traders said.
Several small mills in the western and southwestern regions have also cut output for the same reason, they added.
Exacerbating steelmakers' woes are China's stricter rules on truck transportation since September that have cut trucking capacity, adding to mills' high costs.
"It's not one simple reason, but complex factors including a shortage of coking coal and coke, surging prices, slower demand that has hurt rebar producers' profit, dragged some to losses and forced some to cut output," said Xia Junyan, investment manager at Hangzhou CIEC Trading Co in Shanghai.
(Reporting by Ruby Lian and Josephine Mason; Editing by Himani Sarkar)

USApg

783 posts

Posted by USApg > 2016-11-10 21:19 | Report Abuse

masteel use The electric arc furnace , annjoo use The Blast Furnace
http://www.eef.org.uk/uksteel/About-the-industry/How-steel-is-made/step-by-step/The-electric-arc-furnace.htm

USApg

783 posts

Posted by USApg > 2016-11-11 11:21 | Report Abuse

Masteel import scrap from japan as main raw material, no iron ore and coking coal, so depeciation of rm will not increase company cost...

1009

2,019 posts

Posted by 1009 > 2016-11-11 14:01 | Report Abuse

USD up not good for steel mer?? Why look have die fish..

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