Posted by WarrenColdeye > 2017-10-05 16:37 | Report Abuse

I was looking for carbon steel, not mild steel.. carbon steel is slow moving item and seems like very limited supply..

Posted by Pirates > 2017-10-05 23:25 | Report Abuse

@leoting @edward123 what are your opinions on the price war?

Posted by edward123 > 2017-10-06 09:24 | Report Abuse

5th Oct 2017

Southern Pricing : (Morning) Drop RM20/Mt
Y16-32=Rm2460
Y10,12,Y40 &R10 =RM2610
R6,8,12,16,20&25=Rm2660 (No Stock)

Amsteel Pricing : (Morning) Drop RM20/Mt
Y16-32=Rm2460
Y10,12,Y40 &R10 =RM2610
R6,8,12,16,20&25=Rm2660

Posted by edward123 > 2017-10-06 09:57 | Report Abuse

Bro Pirates, this will be same as in April June effect, but overall AJ will win thumbs up as cost efficiency and good marketing networking in overseas have good advantages over other competitor.

Posted by iedge > 2017-10-06 13:44 | Report Abuse

https://klse.i3investor.com/blogs/iedge_blog/134529.jsp

Posted by investoroem > 2017-10-06 17:07 | Report Abuse

thanks iedge. The calculations shows that the producer with the larger production capacities will reap the highest profits. Annjoo for all its efficiencies and lowest cost of production, will have its profits capped by limited production capacity. Lionind and Sstell with much higher production capacities, will reap the most profits in this bull steel cycle.

Posted by leoting > 2017-10-09 15:07 | Report Abuse

https://leoting81.blogspot.my/2017/10/blog-post_9.html

Posted by VenFx > 2017-10-09 15:07 | Report Abuse

乖 不要上太快
我会 跟不上
Kiki

Posted by JayC > 2017-10-10 17:19 | Report Abuse

may I know the latest steel price as of today?

Posted by tooeasy > 2017-10-10 22:44 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/10/10/steel-prices-to-inch-upwards/

Posted by edward123 > 2017-10-12 08:41 | Report Abuse

6 & 9 Oct 2017 Price Maintain

Southern Pricing : (Morning) Maintain
Y16-32=Rm2450
Y10,12,Y40 &R10 =RM2600
R6,8,12,16,20&25=Rm2650 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2450
Y10,12,Y40 &R10 =RM2600
R6,8,12,16,20&25=Rm2650

Sorry for not updating as being sick for the past few days.

Posted by edward123 > 2017-10-12 08:41 | Report Abuse

10 & 11 th Oct 2017 Price up RM30/Mt
Southern Pricing : (Morning) Up RM30/Mt
Y16-32=Rm2480
Y10,12,Y40 &R10 =RM2630
R6,8,12,16,20&25=Rm2680 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2450
Y10,12,Y40 &R10 =RM2600
R6,8,12,16,20&25=Rm2650

Sorry for not updating as being sick for the past few days.

Posted by Yu Gia Chang > 2017-10-12 09:17 | Report Abuse

thank u and take care, bro edward123

Posted by leoting > 2017-10-12 10:50 | Report Abuse

Appreciate hardwork of Edward123.

Posted by Albukhary > 2017-10-12 11:03 | Report Abuse

Thank you Edward. Good to see steel price increase again.

Posted by gcke > 2017-10-12 14:01 | Report Abuse

@edward123 have a speedy and good recovery.Take care.

Posted by kongming1 > 2017-10-12 22:33 | Report Abuse

thank you, Edward. :)

Posted by edward123 > 2017-10-13 08:36 | Report Abuse

12 th Oct 2017
Southern Pricing : (Morning) Down RM30/Mt
Y16-32=Rm2450
Y10,12,Y40 &R10 =RM2600
R6,8,12,16,20&25=Rm2650 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2450
Y10,12,Y40 &R10 =RM2600
R6,8,12,16,20&25=Rm2650

Posted by edward123 > 2017-10-13 15:37 | Report Abuse

13 th Oct 2017
Southern Pricing : (Morning) Maintain
Y16-32=Rm2450
Y10,12,Y40 &R10 =RM2600
R6,8,12,16,20&25=Rm2650 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2450
Y10,12,Y40 &R10 =RM2600
R6,8,12,16,20&25=Rm2650

Posted by edward123 > 2017-10-13 15:39 | Report Abuse

13 th Oct 2017
Southern Pricing : (Morning) Maintain
Y16-32=Rm2450
Y10,12,Y40 &R10 =RM2600
R6,8,12,16,20&25=Rm2650 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2450
Y10,12,Y40 &R10 =RM2600
R6,8,12,16,20&25=Rm2650

Price maintain within the range of base price RM2450/Mt until end of the month.

Posted by Ahbeng11 > 2017-10-13 16:02 | Report Abuse

Until end of the month ? How sure is it ?

Posted by investoroem > 2017-10-13 17:04 | Report Abuse

Can never be sure. Maybe RM 2600 next month !

Posted by edward123 > 2017-10-16 08:33 | Report Abuse

Dear Bro AhBeng & investorem , to be in fact I was expecting ASP within the range of RM2450/mt, which means this 4Qtr will be better than 3rdQtr on the ASP.

Posted by Ahbeng11 > 2017-10-16 10:30 | Report Abuse

Thanks. Hope the ASP to stablise in healthy rage

Posted by Redpeople > 2017-10-17 16:56 | Report Abuse

BUY NOW

Posted by Albukhary > 2017-10-19 09:03 | Report Abuse

Good morning everyone, hope Bro Edward can update us the latest steel price, production capacity, or any update in steel industry.

Posted by edward123 > 2017-10-19 09:56 | Report Abuse

16 th Oct 2017
Southern Pricing : (Morning) Down RM30/Mt
Y16-32=Rm2420
Y10,12,Y40 &R10 =RM2570
R6,8,12,16,20&25=Rm2620 (No Stock)

Amsteel Pricing : (Morning) Down RM30/Mt
Y16-32=Rm2420
Y10,12,Y40 &R10 =RM2570
R6,8,12,16,20&25=Rm2620

Posted by edward123 > 2017-10-19 09:57 | Report Abuse

17 th Oct 2017
Southern Pricing : (Morning) Down RM20/Mt
Y16-32=Rm2400
Y10,12,Y40 &R10 =RM2550
R6,8,12,16,20&25=Rm2600 (No Stock)

Amsteel Pricing : (Morning) Down RM20/Mt
Y16-32=Rm2400
Y10,12,Y40 &R10 =RM2550
R6,8,12,16,20&25=Rm2600

Posted by edward123 > 2017-10-19 13:58 | Report Abuse

LeoTing:ASP around RM2400-2550. Anyhow, iron ore trend down and scrap price also decrease. Therefore, margin is there with rebate the lower material cost to customers.

17/10/2017 15:34

19/10/2017 13:58

Posted by farinsight > 2017-10-19 16:36 | Report Abuse

https://leoting81.blogspot.my/2017/10/blog-post_97.html

Posted by gcke > 2017-10-19 18:26 | Report Abuse

Expect the stock price to trend lower basing on the Technical Price Charts and Indicators.

Posted by VenFx > 2017-10-19 18:48 | Report Abuse

It is good to hold, gcke.

Posted by zenmaster > 2017-10-19 20:47 | Report Abuse

Selling price keep dropping

Posted by yeekarwai 95 > 2017-10-20 16:34 | Report Abuse

catch up with annjoo!

Posted by edward123 > 2017-10-23 08:40 | Report Abuse

18 th Oct 2017
Southern Pricing : (Morning) Down RM20/Mt
Y16-32=Rm2380
Y10,12,Y40 &R10 =RM2530
R6,8,12,16,20&25=Rm2580 (No Stock)

Amsteel Pricing : (Morning) Down RM20/Mt
Y16-32=Rm2380
Y10,12,Y40 &R10 =RM2530
R6,8,12,16,20&25=Rm2580

19 th Oct 2017
Southern Pricing : (Morning) Maintain
Y16-32=Rm2380
Y10,12,Y40 &R10 =RM2530
R6,8,12,16,20&25=Rm2580 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2380
Y10,12,Y40 &R10 =RM2530
R6,8,12,16,20&25=Rm2580

Posted by Albukhary > 2017-10-23 08:48 | Report Abuse

Thanks Edward for keep us updated.

Posted by edward123 > 2017-10-24 09:45 | Report Abuse

23 th Oct 2017
Southern Pricing : (Morning) Down RM20/Mt
Y16-32=Rm2360
Y10,12,Y40 &R10 =RM2510
R6,8,12,16,20&25=Rm2560 (No Stock)

Amsteel Pricing : (Morning) Down RM20/Mt
Y16-32=Rm2360
Y10,12,Y40 &R10 =RM2510
R6,8,12,16,20&25=Rm2560

Posted by slee > 2017-10-24 12:48 | Report Abuse

Thanks Edward. Btw, do u have last year 2016 Ssteel ASP for July to Sept?

Posted by veln82k6 > 2017-10-24 12:55 | Report Abuse

So demand selling price keep drop

Posted by Kinz > 2017-10-24 15:41 | Report Abuse

last year ASP should be around RM 2000/MT .

Posted by edward123 > 2017-10-24 16:48 | Report Abuse

Last QTR ASP is around RM2150, early this year around RM2200/Mt

Posted by JayC > 2017-10-26 10:29 | Report Abuse

price still going down?

Posted by edward123 > 2017-10-26 10:43 | Report Abuse

24 th Oct 2017
Southern Pricing : (Morning) Down RM10/Mt
Y16-32=Rm2350
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2550 (No Stock)

Amsteel Pricing : (Morning) Down RM10/Mt
Y16-32=Rm2350
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2550

25 th Oct 2017
Southern Pricing : (Morning) Down RM10/Mt
Y16-32=Rm2340
Y10,12,Y40 &R10 =RM2490
R6,8,12,16,20&25=Rm2540 (No Stock)

Amsteel Pricing : (Morning) Down RM10/Mt
Y16-32=Rm2340
Y10,12,Y40 &R10 =RM2490
R6,8,12,16,20&25=Rm2540


Price Consolidation Ongoing

Posted by veln82k6 > 2017-10-26 12:59 | Report Abuse

Wil reach 2300 end of this month

Posted by Arlong > 2017-10-26 16:18 | Report Abuse

lai liao ! lai liao !! most of the steel counter up

Posted by Arlong > 2017-10-29 10:32 | Report Abuse

TOKYO: China’s drive to improve air quality is proving a boon to global steelmakers.

Nippon Steel & Sumitomo Metal Corp, Japan’s biggest producer, enjoyed a nine-fold surge in first-half profit as China’s crackdown on pollution and bloated industrial capacity lifted prices to the highest level in more than five years.

Posco, the largest South Korean mill, said on Thursday it expected to reap higher earnings in the fourth quarter, while Hesteel Co in China has seen profit more than double in the first nine months.

Net income at Nippon Steel climbed to 99.15 billion yen (US$868mil) in the six months ended Sept 30 from 11 billion yen a year earlier, the Tokyo-based company said in a statement yesterday. That was more than the 85 billion yen it forecast in July.

Read more at http://www.thestar.com.my/business/business-news/2017/10/28/steelmakers-gain-as-china-cleans-skies/#EM30BOyKRErPPRMo.99

Posted by ks5S > 2017-10-29 13:36 | Report Abuse

Steel shortage in china will push up steel price. Read saturday the star

Posted by farinsight > 2017-10-30 09:02 | Report Abuse

钢铁领域 – 10月行情

中国是全球最大的钢铁生产国，占2015年世界总产量的约50%。因此，中国钢铁行情对全球钢铁业影响巨大。在2014-2015期间，中国钢铁业连续多年产能过剩，导致全球出现恶性竞争的情况。

去年，中国压减过剩产能的目标是45m吨，但实际却完成超过65m吨。今年8月，中国已完成全年50m吨的目标任务，并淘汰落后产能。值得一提，中国钢铁业去除的是产能，而非产量。自2016年推出钢铁业改革大蓝图后，中国政府坚持化解过剩产能的目标不动摇。

今年10月，中国政府妥善安排好因去产能下岗的职工后，再彻底取缔钢筋/地条钢，以防止其死灰复燃。此外，为10月举行的第19届全国代表大会，中国政府要求北京及周边省数以千计的钢铁、水泥厂全面停工，务求改善空气品质。

自10月中开始，长钢期货此前的延续性下跌行情告一段落，价格转入横盘格局。然而，随着环保、限产和淡季的因素加在一起，钢铁市场将逐渐转入供应需求两弱的新格局。根据统计局的最新数据，中国9月的粗钢产量按年增长5.3%，全年累积产量比去年高出6.3%。这显示出钢材供应依然处于相对高位。

目前，中国钢筋价格大约处于每吨3,900-4,000人民币之间，低于8月的每吨4,100人民币，但是却高于今年1-7月的价格。自从在9月初下滑至每吨3,800人民币后，中国钢筋价格终于回稳，而不再进一步下滑。

至于大马，截至10/27，ANNJOO、LIONIND、MASTEEL和SSTEEL的16-32cm 长钢销售价处于每吨RM2,300-2,350之间，低于9月的每吨RM2,600-2,650，相等于大约10%的跌幅。

大马钢铁业非常依赖于本地市场的需求，而钢铁需求量与国内的建筑业和基础设施的发展有密切的关系。在刚出炉的2018财政预算案，建筑领域成为大赢家。

当中所提起的大型项目包括：
> 东海岸铁路 East Coast Rail Link (ECRL) - RM55b，将在明年1月动工
> 捷运2号线MRT2 – RM32b，已动工
> 捷运3号线 MRT3 – RM40b，将加快建筑进展，可提早2年在2025年竣工
> 轻快铁3号线 LRT3 – RM9b，已动工，预计可2021年2月竣工
> 马新高铁 HSR – RM50-60b，最早也得在2019年才动工
> 中枢大道 Central Spine Road – RM230m
> 巴生港口的替代道路 – RM110m
> 数字自由贸易区 DFTZ Phase 1 – RM83.5m

除了HSR和MRT3，其他项目的建筑活动将在明年开始启动，其中最受瞩目的是价值RM55b的东海岸铁路。假设钢材成本仅占当中的10%，本地钢铁业者有望瓜分价值RM5.5b的钢材需求。值得一提，全球最长1318公里的京沪铁路项目需要7.35m吨钢铁，估计688公里的东海岸铁路项目需要大约3.8m吨钢铁。

另一方面，坐落在马中关丹工业园的联钢Alliance Steel将在2018年崛起，与本地四大长钢竞争。若全部阶段的建筑工程完成，届时联钢的每年3.5m吨将超越LIONIND和SSTEEL，成为本地最大的长钢生产商。联钢是两国政府合作共建的马中关丹工业园的重点项目，力争打造"一带一路”最具竞争力的钢铁企业。显然的，以联钢的策略性地点，位于东海岸铁路项目的建设起点，它毫无疑问将是首个受惠者。

然而，目前的联钢仍然处于建设阶段，进度大约60-70%，几乎不可能赶上东海岸铁路的1月动工。如无意外，联钢最早的试产期将落在2018年3月。本地4大长钢依然有望受惠于这项目，毕竟单靠联钢的产能是无法迎合如此庞大的钢铁需求。

此外，多项基建项目也将在明年陆续正式启动，钢铁需求预计可获得扶持。只要钢筋价格稳定维持在每吨RM2,300以上，本地4大长钢相信可持续交出不俗的业绩表现。以此来看，钢铁股相信还有一定的涨幅，只不过需要时间逐步兑现。

Posted by farinsight > 2017-10-30 09:02 | Report Abuse

by RH Research

Posted by Arlong > 2017-10-30 17:28 | Report Abuse

Anyone know who is Deva Dassan Solomon? His name appear in Ssteel 30 largest shareholder as 2017 annual report. His name also appear at Hengyuan & Petronm 30 largest shareholder.