Posted by yoloisreal > 2017-10-30 17:43 | Report Abuse

I wonder to know him too. seems very low profile lol

Posted by edward123 > 2017-10-31 09:03 | Report Abuse

26 th Oct 2017
Southern Pricing : (Morning) Down RM20/Mt
Y16-32=Rm2330
Y10,12,Y40 &R10 =RM2480
R6,8,12,16,20&25=Rm2530 (No Stock)

Amsteel Pricing : (Morning) Down RM20/Mt
Y16-32=Rm2330
Y10,12,Y40 &R10 =RM2480
R6,8,12,16,20&25=Rm2530

27 th Oct 2017
Southern Pricing : (Morning) Down RM20/Mt
Y16-32=Rm2320
Y10,12,Y40 &R10 =RM2460
R6,8,12,16,20&25=Rm2520 (No Stock)

Amsteel Pricing : (Morning) Down RM20/Mt
Y16-32=Rm2320
Y10,12,Y40 &R10 =RM2460
R6,8,12,16,20&25=Rm2520


30 th Oct 2017
Southern Pricing : (Morning) Up RM40/Mt
Y16-32=Rm2360
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2560 (No Stock)

Amsteel Pricing : (Morning) Up RM40/Mt
Y16-32=Rm2360
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2560

31/10/2017 09:02

Posted by STC1136 > 2017-10-31 09:21 | Report Abuse

Price rebound now, if i were supplier will rather to keep stock now. As price has cheaper 10 % since Mid of October.

Posted by edward123 > 2017-11-01 09:50 | Report Abuse

31 st Oct 2017
Southern Pricing : (Morning) Maintain
Y16-32=Rm2360
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2560 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2360
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2560

1st Oct 2017
Southern Pricing : (Morning) Up Rm10/Mt
Y16-32=Rm2370
Y10,12,Y40 &R10 =RM2510
R6,8,12,16,20&25=Rm2570 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2360
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2560

Posted by Warn3r > 2017-11-01 10:34 | Report Abuse

Thank you Edward for the daily price update. Very fortunate to have you around. I’ve been quite inactive lately. Wish you all good health.

Posted by richdad_88 > 2017-11-01 11:15 | Report Abuse

@edward, the date shld be 1st Nov 2017

Southern Pricing : (Morning) Up Rm10/Mt
Y16-32=Rm2370
Y10,12,Y40 &R10 =RM2510
R6,8,12,16,20&25=Rm2570 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2360
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2560

Posted by edward123 > 2017-11-01 14:52 | Report Abuse

Yes Bro sorry for the wrong cut and paste

Posted by JayC > 2017-11-01 15:08 | Report Abuse

tq Edward!!! you are the best... looks like rebar has found support at RM2340... which is good news

Posted by hanhui1991 > 2017-11-05 14:09 | Report Abuse

does anyone knows whether ssteel mill is affected by the recent flood in penang?

Posted by yeekarwai 95 > 2017-11-06 09:43 | Report Abuse

lion and masteel share price increase.a.lot,when.is.ssteel.turn

Posted by Ananas > 2017-11-06 10:03 | Report Abuse

any effect on recently flood in penang?

Posted by Albukhary > 2017-11-06 10:29 | Report Abuse

Ananas, my understanding is no really affected, because their factory in located at Prai area, not penang island. Although there are also having flood there, but not several. Somemore their factory is beside the sea, normally beside the sea seldom got flood for long hour, because the water will quickly flow into the sea once the tide is low.

Posted by Ananas > 2017-11-06 10:57 | Report Abuse

Albukhary, Thx you so much.

Posted by Yew Fei > 2017-11-06 18:08 | Report Abuse

该来的总会来的，钢铁股真的要来了吗? 哈哈

Posted by Yew Fei > 2017-11-06 18:08 | Report Abuse

Thx forlor the info @Albukhary

Posted by Jona0724 > 2017-11-07 14:26 | Report Abuse

hi edward123, can u share today steel price?

Posted by s3eve > 2017-11-07 16:39 | Report Abuse

when are they announcing their Q result

Posted by gcke > 2017-11-07 16:43 | Report Abuse

@s3eve will be somewhere between 11-21 November.Last year the 1QR was released on 14 November.
Cheers,time to accumulate:-)))

Posted by edward123 > 2017-11-08 09:35 | Report Abuse

2nd Nov 2017
Southern Pricing : (Morning) Maintain
Y16-32=Rm2370
Y10,12,Y40 &R10 =RM2510
R6,8,12,16,20&25=Rm2570 (No Stock)

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

3rd Nov 2017
Southern Pricing : (Morning) Up Rm20/Mt
Y16-32=Rm2390
Y10,12,Y40 &R10 =RM2540
R6,8,12,16,20&25=Rm2590 (No Stock)

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

6th Nov 2017
Southern Pricing : (Morning) Down RM40/Mt
Y16-32=Rm2350
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2550 (No Stock)

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


7th Nov 2017
Southern Pricing : (Morning) Maintain
Y16-32=Rm2350
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2550 (No Stock)

Amsteel Pricing : (Morning) Down RM20/Mt
Y16-32=Rm2330
Y10,12,Y40 &R10 =RM2480
R6,8,12,16,20&25=Rm2530


8th Nov 2017
Southern Pricing : (Morning) Up RM20/Mt
Y16-32=Rm2370
Y10,12,Y40 &R10 =RM2520
R6,8,12,16,20&25=Rm2570 (No Stock)

Amsteel Pricing : (Morning) Up RM40/Mt
Y16-32=Rm2370
Y10,12,Y40 &R10 =RM2520
R6,8,12,16,20&25=Rm2570

Sorry for the delay as busy with works and other thing at home. Pricing on the uptrend again as China reducing export drastically as enforcing Winter Restriction Order.

Posted by captain > 2017-11-08 09:38 | Report Abuse

anything special happen? the price start shooting up this few days....

Posted by godhand > 2017-11-08 09:40 | Report Abuse

nothing special just that u dont know price and value is 2 different thing

Posted by WaAdaLui > 2017-11-08 10:06 | Report Abuse

Will back to 2.50

Posted by Yew Fei > 2017-11-08 12:31 | Report Abuse

waadalui , as u predict this round can break 2.5 ma ?

Posted by MrPauper > 2017-11-08 13:44 | Report Abuse

This round we are not looking at 2.5, we are looking beyond 3 provided there's a good result on the cards

Posted by s3eve > 2017-11-08 13:45 | Report Abuse

@ MrPauper -
when r they announcing the result?

Posted by WaAdaLui > 2017-11-08 14:11 | Report Abuse

Steel sector currently look good, will con't de uptrend until month end QR.
TP B4 QR 2.50

Posted by WaAdaLui > 2017-11-08 14:33 | Report Abuse

I'm in steel industry, compare business between Q2 & Q3
In term of volume ( tonnage ) remain de same.
But in term of value ( RM ) increase 20% (bcos increase of steel price), i able to capture higher revenue. (with same profit margin %) = gain more profit

Posted by Yew Fei > 2017-11-08 14:53 | Report Abuse

Thx for sharing , appreciate

Posted by Yew Fei > 2017-11-08 14:56 | Report Abuse

But ssteel is using weight average method to record inventory , so cogs will be higher ... rm 3 would it be too optimistic ?

Posted by Yew Fei > 2017-11-08 14:58 | Report Abuse

Btw me too hope ssteel can go beyond 3

Posted by yeekarwai 95 > 2017-11-08 17:05 | Report Abuse

Based on the history,QR announce on next week.

Posted by Jona0724 > 2017-11-08 17:14 | Report Abuse

thank you very much edward123

Posted by 55880955 > 2017-11-08 21:29 | Report Abuse

dividend 4 cents maybe coming soon

Posted by MrPauper > 2017-11-09 01:12 | Report Abuse

In 2015, AGM was held on 11 Nov and the results was announced on the same day.

In 2016, AGM was held on 14 Nov and the results was announced on the same day.

In 2017, AGM will be held on 28 Nov and the results will be announced on ........

Please fill in the blank.

Posted by VenFx > 2017-11-09 16:56 | Report Abuse

This old darling, steel sexy xp

Posted by farinsight > 2017-11-10 08:41 | Report Abuse

Southern Steel may climb higher, says RHB Retail Research
theedgemarkets.com
/
theedgemarkets.com

November 09, 2017 08:29 am MYT

-A+A
KUALA LUMPUR (Nov 9): RHB Retail Research said Southern Steel Bhd may climb higher after posting another white candle and hitting its highest close in more than a month.

In a trading stocks note today, the research house said this can be viewed as a continuation of the bulls extending the rebound from Oct 30’s “Hammer” pattern.

“A bullish bias may appear above the RM2.30 level, with an exit set below the RM2.16 threshold.

“Towards the upside, the immediate resistance level is at RM2.58. This is followed by the RM2.70 level,” it said.

Posted by Crazyrenoma > 2017-11-10 12:22 | Report Abuse

TP RM2.5 BEFORE RESULT IS OUT IS TOO LOW. RM2.60 IS IDEAL.

Posted by ks5S > 2017-11-11 21:32 | Report Abuse

supporting factor for steel price

http://www.theedgemarkets.com/article/dwindling-steel-shipments-undercut-trumps-china-gripe

Posted by Albukhary > 2017-11-12 16:19 | Report Abuse

Short Term = Target Price RM2.70
Long Term = Target Price RM3.20

Posted by VenFx > 2017-11-12 16:25 | Report Abuse

$2.56 , 2.70 , $3.00 and above ? Hihi

Posted by Albukhary > 2017-11-12 16:54 | Report Abuse

China Long Steel Price start to climb up recently, from RMB3600 to RMB3800++
If China Long Steel Price can go back to RMB4000++ level, then Malaysia Steel price will go back to RM2600++

Posted by MrPauper > 2017-11-12 17:46 | Report Abuse

I thought China Long Steel Price has recently breached RMB4,000 already

Posted by MrPauper > 2017-11-12 17:47 | Report Abuse

Next target is to breach RMB4,100

Posted by yeekarwai 95 > 2017-11-13 09:27 | Report Abuse

still sleeping

Posted by VenFx > 2017-11-13 09:43 | Report Abuse

Kikiki

Posted by edward123 > 2017-11-13 09:59 | Report Abuse

9th Nov 2017
Southern Pricing : (Morning) Maintain
Y16-32=Rm2370
Y10,12,Y40 &R10 =RM2520
R6,8,12,16,20&25=Rm2570 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2370
Y10,12,Y40 &R10 =RM2520
R6,8,12,16,20&25=Rm2570


10th Nov 2017
Southern Pricing : (Morning) Up RM20/Mt
Y16-32=Rm2390
Y10,12,Y40 &R10 =RM2540
R6,8,12,16,20&25=Rm2590 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2370
Y10,12,Y40 &R10 =RM2520
R6,8,12,16,20&25=Rm2570

13th Nov 2017
Southern Pricing : (Morning) Up RM10/Mt
Y16-32=Rm2400
Y10,12,Y40 &R10 =RM2550
R6,8,12,16,20&25=Rm2500 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2370
Y10,12,Y40 &R10 =RM2520
R6,8,12,16,20&25=Rm2570

Posted by edward123 > 2017-11-13 10:01 | Report Abuse

Bro Albukhary, China long Steel Price is RMB4100++now, where the billets price is from RMb3600 increase to present Rmb3800++.

Posted by MrPauper > 2017-11-13 10:38 | Report Abuse

Annjoo, Lionind and Masteel (pre-ex) all have reached new high, only Ssteel hasn't recovered to its previous peak. Waiting for good show soon

Posted by MrPauper > 2017-11-13 10:40 | Report Abuse

If there is really a direct correlation with china's price, i think local rebar more or less should be priced at rm2,500 now

Posted by yeekarwai 95 > 2017-11-13 11:17 | Report Abuse

volume too low,only 3000lot