Posted by Tobby > 2022-04-29 15:28 | Report Abuse

It seems our local syndicates are very smart! Just look at oil theme! When majority have given up, all the sudden oil stocks surge! Very cunning!
Same with steel! Steel price is definately going to break CNY6000 very soon due to acute steel shortage!
Today alone, steel price jump to CNY5200, highest in a quarter! But it won't stop there! It's going up and up and up until steel acute shortage is address! Unfortunately it won't be so soon!

Posted by Tobby > 2022-04-29 15:29 | Report Abuse

Like palm oil, Malaysia again, benefited from this surging steel price! But don't expect steel stocks to go up anytime soon! Maybe half a year from now! So plenty of time to shake leg and do nothing!