Posted by tecpower > 2018-03-24 13:33 | Report Abuse

Gap up on Monday

Steel Tariff Exemptions Expand
The 25% steel and 10% aluminum tariffs were set to take effect on Friday, but the Trump administration clarified late Thursday that countries representing more than half of U.S. steel imports would receive exemptions through May 1. Exempted countries include European Union members, Canada, Mexico, South Korea, Brazil, Australia and Argentina. After May 1, Trump could decide to permanently exempt those nations based on the status of talks.

Steel stocks fell hard on Thursday after U.S. Trade Representative Robert Lighthizer telegraphed the change in policy. On Thursday, shares of U.S. Steel (X) sank 11% to levels last seen before Trump ramped up his steel tariff talk in mid-February. Steel Dynamics (STLD) fell 7.5%, Nucor (NUE) 6.5% and AK Steel (AKS) 8.7%. Steel stocks extended losses Friday.

Posted by VenFx > 2018-03-25 16:37 | Report Abuse

Wow !
I dont find any collaboration from your above development...
Malaysia steel export to Us very less or insignificant ,
Bug gun pull out their gun because the market sentiment they foresee it to be in bad shape.

Technically 1.75 must be able to withstand , else laosai again.

Posted by Masteel > 2018-03-26 09:15 | Report Abuse

https://www.quandl.com/collections/markets/industrial-metals

Steel future drop to 3500. Beaware of trade WARRRR... STEEL PRICE will dump 99 li.

Posted by cpng > 2018-03-26 09:38 | Report Abuse

Chinese metal related futures going to limit down again.
http://gu.sina.cn/ft/hq/nf.php?symbol=RB0


US taxed Chinese not msia. But the Chinese going to dump their steel products to us.

Posted by PotentialGhost > 2018-03-26 09:51 | Report Abuse

Najiv manage malaysia , malaysia stock market perform like shit , drop day by day ,new low continue new low

Posted by cpng > 2018-03-26 09:52 | Report Abuse

Trump 请吃辣椒，有人喊辣！！
现在瞎子就知道。

Posted by trulyinvest > 2018-03-26 09:53 | Report Abuse

kikikiki... those stuck high prepare to hold 10 to 15 years

Posted by soonadol > 2018-03-26 10:02 | Report Abuse

Hope bro Edward can share with us about the recent development of rebar business and price.

Posted by s3eve > 2018-03-26 10:56 | Report Abuse

good... this is a temp sentiment... plz buy

Posted by STC1136 > 2018-03-26 11:43 | Report Abuse

Just bought in today 1.70, good entry!!

Posted by STC1136 > 2018-03-26 11:45 | Report Abuse

Many people sell, nobody want, but i want and want more, please drop more as not till my target price to buy 100%.....

Posted by hentara > 2018-03-26 12:16 | Report Abuse

By the way, steel guru now is no longer steel guru. He is oil and gas guru now.

Posted by apolloang > 2018-03-26 12:25 | Report Abuse

why end life? better go burn bursa down....hahaha

Posted by kimi21 > 2018-03-26 14:00 | Report Abuse

Steel counter same like furniture counter d, 大势已去，提早认输，回头是岸！haha..

Posted by STC1136 > 2018-03-26 17:02 | Report Abuse

Did u believe trade war will really happen?? I personally not believe, it is purely political game for Trump only.......

US won't be so stupid to make a bomb and suicide with others.....

Posted by STC1136 > 2018-03-26 17:04 | Report Abuse

Time will prove my predict, within 3 months will be realised, that time steel counter will back to normal again.....

Take chance to buy low now....

Posted by vinc3nt > 2018-03-27 15:37 | Report Abuse

bought 500 lot keke

Posted by hentara > 2018-03-27 22:28 | Report Abuse

Warn3r hentara, are you their financial consultant? How would you know that they’ve got out of steel? If their absence here means they’re out. Do you see Quek/Kwek family members here?
07/02/2018 09:21

Yes. Because he is very happy now. Are you happy now?

Posted by Warn3r > 2018-03-28 09:04 | Report Abuse

Don’t see what you’re trying to say here. I was merely pointing out that you wouldn’t know whether they’re still holding the shares here by observing whether they post on this forum.

How has that changed?

Posted by Albukhary > 2018-03-28 10:38 | Report Abuse

Edward bro and Leoting Bro, since both of you are involved in the steel industries, do you mind to share with us the current Malaysia steel market status:-

1) Are the demands still strong? Previously the demand is very strong, many Steel Factory operate 24hour shift to meets the order, and some factory like SSTEEL even stop produce certain model, only focus on the popular model. How about now? From what I observe, property development has drop a lot, but infrastructure project are very hot. But I'm not sure which one comsume higher steel.

2) Last year, after Malaysia Government impose the tariff, many steel importer has reduce their order to import from China, the switch and buy directly from local producer. Subsequently, when China steel price rise above RMB4000, almost all import have been stop, because the China steel price is too high, totally cannot compare with local produce steel price. But recently, China steel price has drop from RMB4600 to RMB3500, and it seem like the price is competitive against local steel price, so has these steel importer start to order from China again?

3) Anyone know the latest status of Alliance Steel, has they start production?
Also, has Lionind resume its Johor plant?

Posted by LowChingHong > 2018-03-28 10:52 | Report Abuse

Finally it closed

Posted by STC1136 > 2018-03-28 11:51 | Report Abuse

That is the time start to collect all cheap steel counter, all malaysia steel still have good prospect and able to earn good profit, the current price does not reflect the true value of company, grad the opportunity and buy for mid term.

Steel theme play will come back within 6 months especially end of May 2018 their announcement of quarter results.

My first choice has changed to Annjoo, second to Ssteel.

Go to check Annjoo the dividend yield is very attractive, i believe it can sustain till year 2020.

As long as China continue to cut capacity, the steel price will sustain......

Posted by Sigmund1118 > 2018-03-28 13:14 | Report Abuse

https://www.mysteel.net/article/4004573/DAILY--Chinas-steel-prices-rebound-on-better-sales.html

Posted by Warn3r > 2018-03-28 14:56 | Report Abuse

Hi Sigmund. Do you have access to the full article?

Posted by STC1136 > 2018-03-28 15:11 | Report Abuse

China's blast furnace steelmakers and mini mills continued to enjoy robust profits over the first two months of this year, with their combined margins skyrocketing 97.7% year on year to Yuan 52.7 billion ($8.4 billion).
China’s blast furnace steelmakers and mini mills continued to enjoy robust profits over the first two months of this year, with their combined margins skyrocketing 97.7% year on year to Yuan 52.7 billion ($8.4 billion), according to new National Bureau of Statistics (NBS) data tabled on March 27. “The mills’ profits

Posted by jordanmaggie61 > 2018-03-28 15:41 | Report Abuse

Is ok

Posted by cpng > 2018-03-28 23:01 | Report Abuse

Chinese metal related futures going south again after one day rebound.
http://gu.sina.cn/ft/hq/nf.php?symbol=RB0

Posted by ming > 2018-03-29 00:12 | Report Abuse

Miti report didnt show price for kast week.. :(

Posted by cpng > 2018-03-29 08:18 | Report Abuse

Super cycle upside from the top.
Beware.

Posted by Warn3r > 2018-03-29 09:26 | Report Abuse

After several articles, I found this most informative. It explains the drop in spot and future steel prices. What it did not explain, was exactly why the inventory built up higher than usual. Which I think might be linked to the tariff (China is effectively a larger steel exporter to US than on what paper shows because some countries, for instance Taiwan, import steel from China, process a little further and then sell to US. And Taiwan is not getting US steel tariff exemption due to this.)

The key message in this article was that, although we’re at a high level in terms of inventory, the cycle has been established for years. Short term price may go south but soon it will stabilize and pick up again comes spring.

http://futures.eastmoney.com/news/1514,20180328849725843.html

This is what is happening in China and not Malaysia though. Given a tariff of 13%, and further shipping, storage, handling fees if anyone’s decided to export their steel to Malaysia. That should be roughly 20% loading or could be higher (educated guess). So as long as China spot price of RMB 35xx would translate into RM 2200 (FX is 1 MYR: 1.6 RMB), with the 20% loading it’d be RM 2600+.

Macro risk, Trump is hard to predict. Most experts say a trade war is unlikely and mostly just a scare tactic to get a more ideal trade arrangement. Well, he did put in place the steel tariff but most allies countries are exempted. Looking at his track record, he always start something big and loud and then it usually ends underwhelmingly. So I hope the threat of trade war will just dwindle down gradually.

Posted by ming > 2018-03-29 15:40 | Report Abuse

good thing is drop in china steel price also caused raw material cheaper..
+ RM strengthen

Posted by Bull333 > 2018-03-30 09:45 | Report Abuse

correction done ...shall spike up soon... sharks collecting at 1.69

Posted by Warn3r > 2018-03-30 10:08 | Report Abuse

Come April, China will be active again and the steel price will recover. Then lastest by end of May, it should be clear that there wasn’t much impact on the local steel industry.

I hope we can have someone in the industry here to update the steel price every once a while. Nothing beats that.

Posted by Warn3r > 2018-03-30 15:45 | Report Abuse

Futures price has risen sharply from RMB 3200 to RMB 3400 over these 2 days... It’s awakening.

Posted by Bull333 > 2018-03-30 16:01 | Report Abuse

Is coming told u

Posted by J4InvestmentCapital > 2018-03-30 17:44 | Report Abuse

Wait to come , nothing to fear

Posted by Bull333 > 2018-03-31 00:08 | Report Abuse

tml going to fly

Posted by Sigmund1118 > 2018-03-31 13:38 | Report Abuse

https://www.mysteel.net/price-curve.html

Posted by Sigmund1118 > 2018-03-31 13:39 | Report Abuse

Shang Hai rebar steel price is start rebound to RMB 3650.

Posted by hentara > 2018-03-31 17:22 | Report Abuse

Posted by MrPauper > Mar 14, 2018 11:43 PM | Report Abuse

In times of crisis, a new leader shall born and rise !

And MrPauper disappeared.

Posted by MrPauper > 2018-04-01 01:35 | Report Abuse

Dear hentara, MrPauper has not disappeared but is waiting for the release of the just concluded quarter's result expected to be released somewhere end of april.

We shall see then who is theleader.

By the way, hentara, why are you lurking around?

Hunting for food in the wild?

Posted by hentara > 2018-04-01 19:14 | Report Abuse

Waiting for Wagyū beef.

Posted by hng33 > 2018-04-02 10:20 | Report Abuse

bought back ssteel at 1.70-1.71

Posted by Lim Tek Wai > 2018-04-02 10:33 | Report Abuse

buy?

Posted by hng33 > 2018-04-02 10:36 | Report Abuse

:D)

Posted by hng33 > 2018-04-02 10:38 | Report Abuse

GOOOOOOOOOOOOOOOOOOOOOOOOOOO

Posted by hng33 > 2018-04-02 10:43 | Report Abuse

Today is STEEL stock recovery day :D)

Posted by Warn3r > 2018-04-02 10:57 | Report Abuse

The power of money flowing in.

Posted by hng33 > 2018-04-02 11:02 | Report Abuse

sold off all ssteel at 1.85, locked handsome all contra profit

Posted by LimKT > 2018-04-02 11:08 | Report Abuse

Waiting