Posted by mrbusiness > 2021-08-13 22:32 | Report Abuse

https://www.investopedia.com/steel-stocks-gain-on-usd1-trillion-infrastructure-plan-5196722

https://247wallst.com/commodities-metals/2021/05/04/credit-suisse-lets-not-split-hairs-over-the-steel-supercycle/

Posted by qqq3333 > 2021-08-13 23:19 | Report Abuse

mrbusiness...u buying Malaysian shares or American shares?

Posted by mrbusiness > 2021-08-13 23:23 | Report Abuse

@qqq3333, I only buy Malaysian shares.

Posted by mrbusiness > 2021-08-14 01:17 | Report Abuse

中国再次调高钢铁关税，有何深意？

https://www.youtube.com/watch?v=yErrTiMYtqc&t=674s

Posted by mrbusiness > 2021-08-14 12:22 | Report Abuse

https://legacy.trade.gov/steel/countries/pdfs/imports-us.pdf

...Fintec said RM18.6 million of the proceeds will be used for the construction of the glove factory. The construction costs had increased mainly due to higher steel prices following a global supply shortage...

https://www.theedgemarkets.com/article/fintec-global-proposes-private-placement-fund-construction-glove-factory


。。。【独家】中国取消退税推高成本 大马进口钢铁料涨价。。。

黄明强指出，大马从中国进口许多钢铁产品，如工字钢、H型钢、无缝套管、扁钢及不锈钢等其他钢铁相关产品，一般上都是供应给建筑与工业用途。

“由于以往中国政府提供钢铁出口退税，大马进口中国钢铁产品价格比进口其他国家的钢铁来得便宜。”

他表示，大马大部分钢铁产品是从中国进口，但也有部分钢铁产品是从土耳其及韩国进口，主要是中国钢铁产品更全面。

“不过，一旦中国政府取消钢铁出口退税，加上全球钢铁产品需求量高，预料其他国家也会趁机调高钢铁出口价格，届时大马钢材进口商将面对另一波的临时加价的窘况。”

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%80%91%E4%B8%AD%E5%9B%BD%E5%8F%96%E6%B6%88%E9%80%80%E7%A8%8E%E6%8E%A8%E9%AB%98%E6%88%90%E6%9C%AC-%E5%A4%A7%E9%A9%AC%E8%BF%9B%E5%8F%A3%E9%92%A2%E9%93%81%E6%96%99%E6%B6%A8%E4%BB%B7

Posted by mrbusiness > 2021-08-14 14:00 | Report Abuse

China Steel to increase domestic prices next month
By Angelica Oung / Staff reporter





China Steel Corp (CSC, 中鋼), the nation’s largest steelmaker, yesterday said it would raise domestic prices by 1.2 percent to reflect higher manufacturing costs and rising steel demand after a two-month price freeze. The revised prices take effect next month.

During the COVID-19 pandemic, CSC raised steel prices straight for 12 months before freezing them last month, citing concerns for downstream companies, and advising them to use the price freeze to adjust their business needs and “prepare for changes that are to come.”

There has been a “short and healthy correction” to Asian steel prices, but the company anticipates a return to steel’s bull run.


The interior of a China Steel Corp plant in Kaohsiung is pictured in an undated photograph.
Photo provided by China Steel Corp

The global steel market is expected to tighten ahead of the traditional “high season” of September and October, the company said.

The continued strength of Taiwanese exports and US and European infrastructure projects present other factors in boosting steel demand, it said.

“We anticipate that the basic infrastructure needs of the US and the EU should create global economic growth, raising demand for steel products,” it said.

“Considering the steady but strong overall direction of the steel market and the higher cost of ore and coking coal, we have adjusted the price for domestic delivery up by 1.2 percent in November,” it said.

Another factor that led the company to anticipate a rebound in international steel is the creation of new Chinese regulations set to meet their carbon neutrality goals.

“The Chinese government has mandated a reduction of crude steel for the second half of 2021 by 60 million tonnes,” the company said. “At the same time, they have raised export tariffs for chromite and high-purity pig iron to 40 percent and 20 percent respectively.”

The prices of hot-rolled steel plates and coils, cold-rolled and electroplated steel coils, and other steel products with monthly determined prices are to go up by NT$500 per tonne. Mid-quality electroplated steel coils will go up by NT$300 per tonne.

Steel products whose prices are adjusted on a quarterly basis will remain the same until the next meeting of the CSC pricing committee, which would meet next month and also discuss steel pricing that would take effect later in the year.

https://www.taipeitimes.com/News/biz/archives/2021/08/14/2003762553

Posted by AlsvinChangan > 2021-08-14 15:01 | Report Abuse

WHY oil futures price so cantik all time high

MANY petrol station lingkup

Used to be long queue in every station

Posted by mrbusiness > 2021-08-14 17:27 | Report Abuse

@ AlsvinChangan
Thank you for your input here.
In my opinion, global high oil price is not related with profitability of local petrol station. Reasons?
1. Petrol stations receive fixed commission based on every liter they sold;
2. If the weekly petrol price decrease, petrol stations suffer loss on their stock. If price increase, not much profit;
3. Pandemic and MCO since March 2020, domestic petrol/diesel consumption reduces.
However, I do not see any closure of petrol stations near me.

For steel demand in Malaysia, I think the demand is still there. Construction sites near my area resumed their operation weeks ago. I believe we all agreed that the government is relaxing all restriction. And it is matter of time steel factories are allowed to operate at full capacity, because nobody can “tahan” anymore.

Posted by mrbusiness > 2021-08-15 10:33 | Report Abuse

鋼鐵軍團連續轉強…接棒航運多頭？超級周期要來了？-【阿娟周末不打烊】獨播


https://www.youtube.com/watch?v=uh4-D6yF5hs&t=943s

Posted by mrbusiness > 2021-08-15 13:30 | Report Abuse

PM: Non-essential activities in manufacturing, construction, mining and quarrying allowed in states under first three phases of NRP from Aug 16

KUALA LUMPUR (Aug 15): The government has decided to allow non-essential activities in the manufacturing, construction, mining and quarrying sectors for all states under Phases 1, 2 and 3 of the National Recovery Plan (NRP) from tomorrow (Aug 16).

However, the operating capacity will be dependent on the level of vaccination of the workers.

If the percentage of fully vaccinated workers ranges from 40% to 59%, these businesses may operate at a capacity of 60%.

With a fully vaccinated workforce of 60% to 79%, they may operate at 80% capacity.

Meanwhile, if 80% to 100% of workers are fully vaccinated, these businesses can operate at full capacity.

"The government understands that this decision may cause various reactions from the public who are concerned about the risk of an outbreak. Again, I would like to make it clear that every decision has been made carefully.

"After more than a year the country has been in a pandemic, many employers have begun to reduce the workforce, causing many to lose their jobs. In this difficult situation, the government cannot allow this situation to drag on," said Prime Minister Tan Sri Muhyiddin Yassin in a statement today.

Fully vaccinated individuals are defined as those who have received two doses of Covid-19 vaccine for more than 14 days. These vaccines are Pfizer, AstraZeneca and Sinovac vaccines.

Meanwhile, Individuals who have received single-dose vaccines such as Johnson & Johnson and Cansino will be considered fully inoculated 28 days after they have received the jab.

As at today, states and federal territories in Phase 1 are Kedah, Selangor, Kuala Lumpur, Negeri Sembilan, Melaka, Johor, and Putrajaya.

Meanwhile, states in Phase 2 are Penang, Perak, Kelantan, Terengganu, Pahang, and Sabah.

States and federal territory in Phase 3 are Perlis, Sarawak, and Labuan.

https://www.theedgemarkets.com/article/pm-all-nonessential-services-manufacturing-construction-mining-and-quarrying-sectors-allowed

Posted by mrbusiness > 2021-08-15 22:48 | Report Abuse

管控令致材料涨价50% 建筑商濒临破产
2021年08月15日

（吉隆坡15日讯）落实行动管控令导致国内建筑承包商需承担建筑材料价格50%的涨幅，在经济重压下，一些建筑商正面临破产危机。

根据《马来西亚前锋报》报道，在管控令之前，每吨铁价格是2800令吉，现在涨至3500令吉，同时，洋灰价格也从飙升约70%。

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E7%AE%A1%E6%8E%A7%E4%BB%A4%E8%87%B4%E6%9D%90%E6%96%99%E6%B6%A8%E4%BB%B750-%E5%BB%BA%E7%AD%91%E5%95%86%E6%BF%92%E4%B8%B4%E7%A0%B4%E4%BA%A7

Posted by ming > 2021-08-15 23:00 | Report Abuse

金九银十

Posted by mrbusiness > 2021-08-16 10:26 | Report Abuse

I thought the steel counter's price will drop this morning
:P

Posted by stockfreak > 2021-08-16 10:27 | Report Abuse

Just monitor the steel price and trend loh.

Posted by mrbusiness > 2021-08-16 10:40 | Report Abuse

Now the steel factories are allowed to operate at full capacity, I am not worry about the industry itself because demand is much much more than supply.

I am waiting for the funds to buy...

Posted by mrbusiness > 2021-08-16 10:45 | Report Abuse

Retail investors the only net buyers since start of 2021, says MIDF
Surin Murugiah
/
theedgemarkets.com

August 16, 2021 10:29 am +08
Retail investors the only net buyers since start of 2021, says MIDF
-A+A
KUALA LUMPUR (Aug 16): Retail investors have been the only net buyers on the local equity market since the start of this year, accumulating some RM9.38 billion worth of shares.

Meanwhile, local institutions and foreign investors were net sellers to the tune of RM3.4 billion and RM5.98 billion respectively.

In its weekly fund flow report today, the MIDF Research team said that after seven weeks of net outflow, foreign investors turned net buyers for week ended Aug 13, which saw a marginal inflow amounting to RM14.07 million (from an outflow RM451.09 million for the prior week).

MIDF said as the market reopened last Monday, foreign investors were net sellers amounting to RM21.96 million.

Meanwhile, local institutions sold RM43.91 million net of local equities, with retailers as net buyers to the tune of RM65.87 million.

“Foreign investors were net sellers for two days of the week. The largest foreign outflow was recorded last Thursday with the smallest outflow on Monday to the tune of RM25.90 million and RM21.96 million respectively.

“Last Wednesday and Friday saw foreigners as net buyers at RM30.58 million and RM31.35 million respectively.

“As for retailers, they were net buyers for half of the week,” it said.

The research house said the largest net buying by retailers was recorded last Monday at RM65.87 million, while the smallest net buying was on Monday to the tune of RM30.96 million.

It said that cumulatively for the week, retailers net bought RM78.96 million worth of equities on Bursa Malaysia.

Meanwhile, it said local institutions recorded cumulative weekly net selling to the tune of RM93.04 million.

“Local institutions were net sellers last Monday, Wednesday and Friday with the largest net selling on Friday to the tune of RM62.31 million.

MIDF said that in terms of participation, retail investors, local institutions and foreign investors recorded weekly movements of -1.64%, -0.19% and -15.87% respectively in average daily trade value (ADTV).

https://www.theedgemarkets.com/article/retail-investors-only-net-buyers-start-2021-says-midf

Posted by mrbusiness > 2021-08-17 11:07 | Report Abuse

I thought the steel counter's price will drop this morning. Hmm...

Posted by s3phiroth > 2021-08-17 14:21 | Report Abuse

wait, steel industry can operate at full capacity since when?

Posted by mrbusiness > 2021-08-18 03:06 | Report Abuse

《原来如此》钢铁如何炼成 揭秘钢铁不为人们熟知的另一面

https://www.youtube.com/watch?v=BNIEku9SXYo

Posted by mrbusiness > 2021-08-18 04:55 | Report Abuse

FB Live : 浅谈钢铁股

https://www.facebook.com/harryteotybjb/videos/413533673113502

Posted by i3lurker > 2021-08-18 05:47 | Report Abuse

of course steel counters will go up in price

due to

Malaysians eat steel
and
Steel is the Cure for Covid

Posted by mrbusiness > 2021-08-18 09:44 | Report Abuse

@i3lurker,

I think the future, trend, profitability, funds are deciding the share price. What you eat won't affect the share price :)

Posted by s3phiroth > 2021-08-18 12:25 | Report Abuse

Buy steel stocks for recovery theme play.

Posted by mrbusiness > 2021-08-18 18:37 | Report Abuse

Why Lion Industries want to restart its steel factory?



Lion Industries refurbishes plant in Banting
Tan Siew Mung
/
theedgemarkets.com

August 18, 2021 18:13 pm +08
Lion Industries refurbishes plant in Banting
-A+A
KUALA LUMPUR (Aug 18): Lion Industries Corp Bhd said today its hot rolled coil (HRC) plant in Banting, Selangor is undergoing repair and refurbishment.

The plant, which has a rated annual capacity of 3.2 million tonnes of HRC, is expected to be ready to commence production in December, ramping up to full production by February 2022, the group said in a statement.

HRC is used to produce a wide range of steel products such as highway guardrails, water pipes, high pressure vessels and gas cylinders, vehicle chassis and parts, and is also used to produce cold rolled coils.

Lion Industries is also undertaking modification work at its steel plant in Pasir Gudang, Johor which produces billets, and steel bars and sections.

The plant is targeted to commence production early next year, in January or February.

It has a rated annual capacity of 720,000 tonnes for production of billets, bars and sections which are used in the construction and downstream manufacturing industries.

Lion Industries said its steel operations will continue to support the local downstream manufacturers through its supply of both flat and long steel products that are required for the country’s industrialisation programme.

The group, in its statement, stressed that the steel industry is deemed a strategic industry by the government as it supplies essential raw materials to a host of industries, thus deepening and widening the manufacturing base.

Lion Industries’ share price closed 0.5 sen or 0.89% lower at 55.5 sen, valuing the group at RM402.02 million.

S Kanagaraju

https://www.theedgemarkets.com/article/lion-industries-refurbishes-plant-banting

Posted by mrbusiness > 2021-08-23 20:40 | Report Abuse

Leon Fuat upbeat about steel industry
By NST Business - August 23, 2021 @ 10:24am

KUALA LUMPUR: Steel prices are expected to rise in the near term due to increased demand and strengthening the global economy, as well as the Malaysian government's continued investment in large-scale infrastructure projects.

Leon Fuat Bhd executive director Calvin Ooi said that the revision of the iron and steel policy is also expected to benefit steel products across the value chain.

"We expect the global steel demand to grow in 2021/2022 on the faster pace of economic recovery of major steel users such as China, the United States and the European Union (EU).

"For the short-term, the domestic demand situation is mixed due to the uncertainties from the Covid-19 lockdown.

"However, in the longer term, domestic steel demand will continue to be supported by large infrastructure projects. The expected growth in steel demand is also backed by the increased orders from customers from the manufacturing, construction and infrastructure sectors," Calvin told The New Straits Times.

According to The World Steel Association's Short Range Outlook (SRO) report for 2021 and 2022, the agency forecasts that steel demand will grow by 5.8 per cent in 2021 to reach 1,874.0 million tonnes (mt) after declining 0.2 per cent in 2020.

In 2022 steel demand will see further growth of 2.7 per cent to reach 1,924.6 mt.

Calvin said due to the soaring demand overseas, prices of steel material in Malaysia have increased even though the non-essential sectors was not allowed to operate, and essential sectors operate at less than full capacity.

"Furthermore, our customers, who come from a variety of industries, are concerned with completing their projects with the materials they require.

"Overall, steel prices are being affected by the global trend, and even with the lockdown in Malaysia, the price of steel has continued to fluctuate and change," he said.

When asked about the impact of MCO 3.0 on Leon Fuat earnings, Calvin said the company has been well-prepared for the recent lockdowns compared to MCO 1.0 that came to effect last year.

"Based on the improved financial performance since last year, we believe the impact will remain relatively minimal at this juncture.

"We have seen revenue for the first quarter (Q1) financial year ended 31 March 2021 (FY21) increased by 76.2 per cent or RM91.44 million to RM211.48 million.

"Our performance was supported by the 87.5 per cent increase in revenue from trading of steel products to RM74.29 million while revenue from the processing of steel products increased by 70.7 per cent to RM137.11 million," Calvin said.

Moving ahead, Calvin said the company is focused on business expansion plans.

He said in line with efforts to broaden product offerings, the company began construction on a three-phase steel pipe manufacturing plant in 2018.

The facility is located at Kawasan Perusahaan Bandar Sultan Suleiman in Port Klang.

Calvin said the company is utilising funds raised from a private placement exercise initiated on 13 April 2021 and completed on 7 May 2021, as well as bank borrowings.

The exercise entails an issuance of 31.0 million shares at RM0.85 sen per share, representing up to 10 per cent of the total number of issued shares, and managed to raise RM26.35 million.

Phase 1 of the project commenced operations in the second half of 2019 for welded steel pipes manufacturing.

The manufacturing plant in Phase 1 has a maximum production capacity of approximately 5,000 tonnes of steel pipes per month.

"We are currently in the process of completing Phase 2 of the project, which will include the construction of two additional buildings for factory and warehouse space, as well as the installation of machinery and equipment, including new pipe forming machinery, welding equipment, and slitting equipment for the production of welded steel pipes with a larger size range," Calvin said.

The estimated costs to purchase pipe forming machinery, welding machine and slitting machine is approximately RM53 million.

https://www.nst.com.my/business/2021/08/720341/leon-fuat-upbeat-about-steel-industry

Posted by mrbusiness > 2021-08-24 10:45 | Report Abuse

Political instability - Solved
Total lock down - Solved

Let us see what will happen in steel counters :)

Posted by mrbusiness > 2021-08-24 13:27 | Report Abuse

Tashin

...The remaining financial year will remain challenging due largely to the Covid-19 pandemic that has
adversely impacted the economy and interrupted business operations for all industries. The Group
has been taking continuous initiatives and steps to mitigate the interruption in the business operation
caused by Covid-19 pandemic. Although the Group’s operations had to be halted for the whole June
2021 due to FMCO 3.0 and only resumed operations on 7 July 2021, the Group has so far managed
to achieve encouraging financial results.
Barring any unforeseen circumstances, the Board is cautiously optimistic that the Group’s prospects
for the coming quarter would remain positive and satisfactory. ..

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3184411

Posted by mrbusiness > 2021-08-24 23:55 | Report Abuse

21.07.29【豐富│財經一路發】呂國禎談「全球鋼鐵產業產能與市值大洗牌，鋼鐵榮景還很長？」

https://www.youtube.com/watch?v=GtSiA8jd6Cw&t=403s

Posted by mrbusiness > 2021-08-26 01:21 | Report Abuse

Apparently we are waiting for the funds to buy the steel counters..

Posted by ming > 2021-08-26 01:37 | Report Abuse

Small small fund from glove or tech can push the steel theme rocket up..xD

Posted by mrbusiness > 2021-08-26 10:07 | Report Abuse

Today share price of steel counters increase a bit but volume is small. Most likely is retail buying only and the funds are not coming yet.

Posted by mrbusiness > 2021-09-01 12:07 | Report Abuse

Hi folks,

I believe all will agree that the steel theme is here in Malaysia :)

Posted by mrbusiness > 2021-09-03 21:32 | Report Abuse

03/09/2021星期五9.00pm现场直播节目 “LIVE: Dato' 有话说！” 题目是：要不要和Ooi Teik Bee和Koon Yew Yin一起投资钢铁股？

在这次直播节目里，畅销作家、灵气大师、销售天才Dato' Master Ally Che会分享以下４个重点：
1) 钢铁股的来龙去脉和市场格局
2) 钢铁股不为人知的结构改变
3) 买进钢铁股会让你翻身致富吗？
4) 哪一个钢铁股值得投资？

https://www.facebook.com/datoallyche/videos/557481781967498

Posted by mrbusiness > 2021-09-05 16:43 | Report Abuse

AYS was listed in 2012. Current major shareholder of Hiap Teik entered Hiap Teck in 2010. They finally enjoy high share price since listed so many years ago. Expected more corporate activities from this two companies.

Posted by mrbusiness > 2021-09-11 01:39 | Report Abuse

Market capitalization (RM Million)
2/9/2021 10/9/2021
ANNJOO 1,327.24 1,625.61
HIAPTEK 943.00 1,055.61
SSTEEL 539.66 542.64
CSCSTEL 528.20 524.4
LIONIND 430.74 441.51
LEONFB 347.82 385.33
ASTINO 345.38 357.72
CHOOBEE 275.23 289.72
PRESTAR 257.79 274.01
AYS 201.62 266.29
MASTEEL 235.42 237.68
MELEWAR 190.49 188.69
KSSC 105.98 100.22

Posted by mrbusiness > 2021-09-13 15:10 | Report Abuse

Market is normal today

Posted by mrbusiness > 2021-09-14 02:06 | Report Abuse

Dato‘ 讲股票：钢铁侠系列1！重押AYS！

https://www.facebook.com/212046143060081/posts/900464184218270/