Posted by OrlandoOIL > 2018-02-17 11:24 | Report Abuse

Oh o can't sell to US
China wil dump it's steel to everywhere else in d world?

Posted by gohkimhock > 2018-02-17 12:29 | Report Abuse

anyone got stuck in steel counters? As US steel counters rallied, bad news for ours.

Posted by michaelwong > 2018-02-17 12:51 | Report Abuse

If hefty import by the US to curbs steel and aluminium on over capacity supply country like China and besides others including Malaysia with trades laws comes into force,thurs may dampened demands in steel exports supplying countries which may resulted and affected their profits margin in the long,so continuing buying steel counters at such a high price is still risks.

Posted by gohkimhock > 2018-02-17 19:28 | Report Abuse

no need to panic yet. It has not passed in Senate. Only proposals.

Posted by gohkimhock > 2018-02-17 19:50 | Report Abuse

that article was posted by Tan KW and quoted from Reuters. But i couldnt find it in Reuters. i found it from other sources. It was without mentioning Malaysia's name. Can Tan pls post the link where it is quoted from? This is to prevent fake news from spreading around.

Posted by aiinvestor > 2018-02-17 20:00 | Report Abuse

Commerce Department calls for Trump to impose steep tariffs or quotas on foreign steel and aluminum
https://www.cnbc.com/2018/02/16/commerce-department-suggests-trump-impose-steep-tariffs-or-quotas-on-foreign-steel-and-aluminum--sources.html


US Steel, Aluminum Stocks Soar On Trump Tariff, Quota Recommendations
https://www.investors.com/research/ibd-industry-themes/steel-aluminum-stocks-soar-on-trump-tariff-quota-recommendations/

Posted by probability > 2018-02-17 20:06 |

Post removed.Why?

Posted by gohkimhock > 2018-02-17 20:08 | Report Abuse

did they mention Malaysia's name? I still couldn't find it.

Posted by gohkimhock > 2018-02-17 20:09 | Report Abuse

When an article was quoted from somewhere, the contents should not be modified at all, not even a single word.

Posted by probability > 2018-02-17 20:11 | Report Abuse

nope they did not as per this paragraph:

WASHINGTON: The U.S. Commerce Department has recommended that President Donald Trump impose steep curbs on steel and aluminum imports from China and other countries ranging from global and country-specific tariffs to broad import quotas, according to proposals released on Friday. ""The steel imports included Malaysia.""

but they did propose 53% on Malaysia at Country specific option

Posted by probability > 2018-02-17 20:12 | Report Abuse

May be they want the important info not to be missed out...written with good intentions lor..

Posted by gohkimhock > 2018-02-17 20:18 | Report Abuse

The words did not come from Reuters' mouth. Any amendments should be stated clearly.

Posted by Ramada > 2018-02-17 23:15 | Report Abuse

Malaysian steel makers export their products to US? I think in very very small portion only. Top three are Canada, Brazil and South Korea.
https://www.trade.gov/steel/countries/pdfs/imports-us.pdf

Posted by probability > 2018-02-17 23:51 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/02/17/china-rebuts-us-plan-to-hefty-import-curbs-on-steel-aluminum/

If China can't export much to U.S in th efuture, then it has to find alternative markets.

Now that is a risk to other Asia steel producers.

If there is a plug off effect going taking place to an existing demand, how much further can China afford to reduce production?

Posted by stockmanmy > 2018-02-18 00:17 | Report Abuse

US imports of steel from China is negligible

Posted by StockyC > 2018-02-18 00:47 | Report Abuse

Just proposal. Don't panic.

Posted by probability > 2018-02-18 00:48 | Report Abuse

https://www.ustrademonitor.com/2017/12/china-to-encourage-even-more-steel-exports/