Posted by probability > 2021-10-23 12:45 | Report Abuse

any steel player who can convert iron ore to steel will be minting money...they will be leveraged by the EAF steel makers who need to use scrap metal as their raw material

Posted by baby snake > 2021-10-23 14:20 | Report Abuse

Hold till Sep 2022.. TP 1.00
OTB follower remain..

Posted by Johnchew5 > 2021-10-23 14:31 | Report Abuse

Steel Rebar Futures - (SRRc1)

Date Price Open High Low Vol. Change %
Oct, 2021 727.50 681.00 681.00 681.00 - 9.35%
Sep, 2021 665.32 671.50 671.50 671.50 0.08K -3.31%
Aug, 2021 688.07 719.00 719.00 719.00 0.38K -4.51%
Jul, 2021 720.57 737.50 737.50 737.50 0.38K -0.81%
Jun, 2021 726.48 755.00 755.00 755.00 0.00K -2.38%
May, 2021 744.21 730.00 730.00 730.00 0.13K 16.41%
Apr, 2021 639.28 643.00 643.00 643.00 0.10K 1.76%
Mar, 2021 628.22 656.50 656.50 656.50 0.34K 3.76%
Feb, 2021 605.43 563.00 563.00 563.00 0.53K -3.84%
Jan, 2021 629.60 656.00 656.00 656.00 0.39K 6.08%
Dec, 2020 593.52 554.50 554.50 554.50 0.24K 22.06%
Nov, 2020 486.26 461.00 461.00 461.00 0.77K 9.15%
Oct, 2020 445.48 453.50 453.50 453.50 0.13K -2.09%
Sep, 2020 454.98 459.00 459.00 459.00 0.55K 3.39%
Aug, 2020 440.05 453.50 453.50 453.50 0.25K 5.02%
Jul, 2020 419.00 418.00 418.00 418.00 0.24K 0.73%
Jun, 2020 415.95 425.50 425.50 425.50 0.32K 4.31%
May, 2020 398.76 399.00 399.00 399.00 0.11K -1.0

Posted by Johnchew5 > 2021-10-23 14:35 |

Post removed.Why?

Posted by Johnchew5 > 2021-10-23 14:35 | Report Abuse

Steel Rebar Futures - (SRRc1)
RT-Derived
727.50 +13.00 +1.82%
22/10 - Closed. Currency in

Posted by BlessedInvestor > 2021-10-23 14:41 | Report Abuse

https://klse.i3investor.com/blogs/myinvesting/2017-08-28-story-h1451414408-AnnJoo_s_cost_leadership_in_steel_industry.jsp


Ann Joo is able to either use iron ore or scrap metal as feedstock. The flexibility in feedstock allows Ann Joo to switch raw materials. For instance, when scrap metal is more expensive than iron ore, so it can opt for iron ore to manage and reduce input costs, and vice versa

Posted by Johnchew5 > 2021-10-23 14:42 | Report Abuse

Financial Year Revenue ('000) Net ('000) EPS Report
31 Jul, 2021 1,081,939 163,427 11.77
31 Jul, 2020 932,873 4,287 0.32 View
31 Jul, 2019 1,186,606 25,303 1.89

Posted by Johnchew5 > 2021-10-23 14:43 | Report Abuse

EPS DPS NTA Revenue P/L Quarter Q Date Financial Year Announced QoQ% YoY% Report
4.26 1.000 0.6500 164.83m 60.48m 4 2021-07-31 31 Jul, 2021 2021-09-29 8.3% 487.7% View
4.79 0.000 0.6900 329.64m 65.93m 3 2021-04-30 31 Jul, 2021 2021-06-29 119.4% 1240.5% View
2.21 0.000 0.6500 356.02m 30.05m 2 2021-01-31 31 Jul, 2021 2021-03-25 331.4% 492.5% View
0.51 0.000 0.6300 231.44m 6.97m 1 2020-10-31 31 Jul, 2021 2020-12-16

Posted by Johnchew5 > 2021-10-23 14:45 |

Post removed.Why?

Posted by BlessedInvestor > 2021-10-23 14:47 | Report Abuse

https://www.theedgemarkets.com/article/hiap-teck-start-construction-rm750m-blast-furnace-2h11


Hiap Teck had proposed to build the blast furnace in Kemaman, Terengganu after it acquired a 55% stake in Eastern Steel Sdn Bhd for RM110 million, or a price-to-book value of 1.4 times last year.

It said the 530-cubic metre blast furnace would help Hiap Teck better position itself in the steel industry as the iron ore produced would be of higher quality and would incur less cost. Steel scrap prices surged recently, eroding profit margins of steel players.

The blast furnace will be built on 1,200 acres of land, and Eastern Steel has the option to acquire another 600 acres at the estate, upon completion of 50% of the first phase of the proposed project. The blast furnace will have an annual production capacity of 700,000 metric tonnes when completed.

Low said Hiap Teck currently has the licence to produce five million metric tonnes of iron ore.

Posted by BlessedInvestor > 2021-10-23 14:48 | Report Abuse

Probability is right... Ann Joo and Hiaptek will benefit the most...

Posted by Johnchew5 > 2021-10-23 14:48 |

Post removed.Why?

Posted by BlessedInvestor > 2021-10-23 14:52 | Report Abuse

https://www.theedgemarkets.com/article/lion-industries-bets-hot-rolled-coil-revival-turnaround

Don't forget also Lion Ind HRC, which will be operational by Dec 2021 based on my contact. The only flat steel producer in the the country and protected by anti dumping duties till 2025. Car, engineering parts, wind farms etc call using this flat steel...

Posted by BlessedInvestor > 2021-10-23 14:53 | Report Abuse

Lion Ind started move and is moving much faster...

Posted by OTB > 2021-10-23 15:51 | Report Abuse

Dear Johnchew5,

I wish to learn from you.

We have
1.) Steel Rebar Futures - (SRRc1)
2.) Chinese Steel Rebar price - https://tradingeconomics.com/commodity/steel
3.) local steel rebar prices - https://malaysiasteelinstitute.com/

Which one should we follow ?

I have been using items 2 and 3, I never know there is item 1.

Please advise.
Thank you.

Posted by OTB > 2021-10-23 16:32 | Report Abuse

Steel Rebar Futures (SRRc1) October future at USD727.50.

1 Metric Ton = 1.102 US Tonnes.
Steel Rebar Future in Metric Ton = USD727.50*1.102 = USD801.70

I USD = 6.38 RMB
USD801.70 = RMB5,115

This price quoted is slightly higher than Chinese Steel Rebar price quoted at RMB5,054.
RMB5,054 = RM3,282

local steel rebar prices - https://malaysiasteelinstitute.com/
Average price = RM3,225
1 RM = RMB 1.54
RM3,225 = RMB 4,966

Steel Rebar Future price quoted is the highest among all 3.

Thank you.

Posted by OTB > 2021-10-23 16:39 |

Post removed.Why?

Posted by Johnchew5 > 2021-10-23 18:33 | Report Abuse

Dear OTB .. we just exchange info ... i am referring to Futures ... same as CPO hv Futures and MPOC daily price ...

Thank you .

Posted by Want2MakeMoney > 2021-10-23 18:53 | Report Abuse

Thank You, Ularsawa for not spamming this forum today . Kam Xia. I think everyone will thank you if you dont write anything here

Posted by goodiewilly > 2021-10-23 19:20 |

Post removed.Why?

Posted by kimpau > 2021-10-23 20:36 | Report Abuse

Steel Rebar Futures - (SRRc1)
RT-Derived
727.50 +13.00 +1.82%
22/10 - Closed. Currency in USD

Posted by kimpau > 2021-10-23 20:37 | Report Abuse

huat!!!

Posted by OTB > 2021-10-23 20:55 |

Post removed.Why?

Posted by Star8888 > 2021-10-23 21:06 | Report Abuse

Hello, Malaysia steel company sell steel to China not US lah. The problem is China steel price drop is the fact.

China steel rebar price drop to below RMB5000 now. It drop from RMB5870 on 11 Oct 21 to RMB4890 today. It drop around 17% within 2 weeks.

Posted by OTB > 2021-10-23 21:24 | Report Abuse

Steel Rebar Futures (SRRc1) October future at USD727.50.

1 Metric Ton = 1.102 US Tonnes.
Steel Rebar Future in Metric Ton = USD727.50*1.102 = USD801.70

I USD = 6.38 RMB
USD801.70 = RMB5,115

This price quoted is slightly higher than Chinese Steel Rebar price quoted at RMB5,054.

The "international Steel Rebar price" should be RMB5,115.
It is the real facts and figures.

Thank you.

Posted by Johnchew5 > 2021-10-23 22:26 | Report Abuse

Hiap Teck is exporting its products such as steel pipes, hollow sections, scaffolding equipment and steel slabs to Indonesia, Thailand, Taiwan and the Philippines.2018年12月18日

Posted by Johnchew5 > 2021-10-23 22:28 | Report Abuse

Malaysia exports nearly 30% of its iron and steel products to its ASEAN neighbours. If ASEAN were a single country, it would be Malaysia’s largest export destination, almost doubling the next country in line.
The following countries are Malaysia’s top-7 export destinations for iron and steel products. Collectively, they account for 58% of Malaysia’s total iron and steel exports.
Export Destination Exports in MT
(% of Malaysia’s Total Exports)
South Korea 465,438 MT
(15.0%)
European Union (25) 263,937 MT
(8.5%)
Indonesia 261,907 MT
(8.5%)
Singapore 231,605 MT
(7.5%)
India 211,097 MT
(6.8%)
Thailand 202,918 MT
(6.6%)
United States 164,167 MT
(5.3%)
Source: Department of Statistics Malaysia. Base year: 2017

Posted by Johnchew5 > 2021-10-23 22:31 |

Post removed.Why?

Posted by Johnchew5 > 2021-10-23 22:33 |

Post removed.Why?

Posted by Johnchew5 > 2021-10-23 22:37 | Report Abuse

https://research.rhbtradesmart.com › ...PDF
Hiap Teck Venture (HTVB MK) Not Rated


14 June 2021
Hiap Teck Venture (HTVB MK) Unearthing The Jewel Of The East

Fair Value (Upside):
Price:
Market Cap:
Avg Daily Turnover (MYR/USD)
Analyst
Lester Siew, CFA +603 9280 2181
lester.siew@rhbgroup.com
Share Performance (%)
MYR1.00 (+72%) MYR0.58

Posted by Johnchew5 > 2021-10-23 22:42 |

Post removed.Why?

Posted by Johnchew5 > 2021-10-23 22:47 | Report Abuse

Haha and this one of the reason i am still bought in at RM 0.585 ...

Posted by Johnchew5 > 2021-10-23 22:57 | Report Abuse

Haha is Hiap Teck the only slab producer in malaysia ??

Posted by Johnchew5 > 2021-10-23 22:57 |

Post removed.Why?

Posted by Johnchew5 > 2021-10-23 23:01 | Report Abuse

Haha understood currently HRC is all imported .. for direct use n re process to CRC .. Lionind to..

Posted by Johnchew5 > 2021-10-23 23:02 |

Post removed.Why?

Posted by ElongMask > 2021-10-23 23:04 | Report Abuse

RHB Small Cap Research

14 June 2021 Basic Materials | Metals Hiap Teck Venture (HTVB MK) Unearthing The Jewel Of The East

 MYR1.00 FV based on SOP. We apply DCF valuation on Hiap Teck Venture’s primary operations and FY23F (Jul) P/E on JV earnings to deemphasise the current spike in steel prices on its valuation, and perceive considerable upside potential even under our prudent parameters. The group’s partnership with global steelmaking major, Beijing Jianlong Heavy Industry Group (Jianlong Group), has proven to be a masterstroke, as the 35%-owned Eastern Steel (ESSB) JV’s sweeping turnaround into a pivotal profit driver will serve as a key re-rating catalyst for the stock.

 Core business is a proven cash cow. With annual turnover of >MYR1bn, HTVB is one of Malaysia’s largest steel companies engaged in trading and manufacturing of downstream flat steel products, serving various sectors such as engineering, oil & gas, construction and manufacturing. Within South-East Asia, it is a regional market leader for steel pipes and hollow sections, with an annual production capacity of 550,000 tonnes. Its operations have stayed consistently profitable throughout good and bad times, with GPM averaging 10% over the last 10 years and stable opex at 4-5% of revenue. Annual maintenance capex is minimal (MYR10-15m) while there is ample spare capacity to cater for future demand growth.

 ESSB JV to stand out for its cost competitiveness. The blast furnace (BF) plant with rated capacity of 700,000 tonnes of billets/slabs has seen its performance improve by leaps and bounds since resuming production in FY19 under the stewardship of Jianlong Group, the fifth largest producer in China (eighth globally). ESSB notably swung into net profitability in 1QFY21 (Oct), which was prior to the sharp rally in steel prices – yet ahead of local peers. This, coupled with significant cost savings from its newly-completed coke oven and 15-year tax exemption period until 2033, denotes that the 35%-owned JV is set to be a major and sustainable profit driver for HTVB going forward – even if global steel prices come under pressure in the future, given the margin buffer afforded by its competitive cost position.

 Forecasts. We project FY22F earnings to leap 75% YoY to MYR179m, led by higher ESSB share of profit. This, in turn, is driven by still-elevated ASPs seen for 1HFY22F, plus cost savings of >MYR100m from the new coke oven, which is expected to fully ramp-up in 2HFY22F. We expect the JV contribution to normalise at MYR80m from FY23F, in anticipation of steel prices’ mean reverting towards more regular levels.

 Under-researched, undervalued stock = high re-rating potential. Our SOP valuation incorporates a DCF of the cash-generative downstream operations (8% WACC, 2% LTG) and 10x P/E (global industry 5-year average) on ESSB’s post-peak FY23F JV profit of MYR80m. Our MYR1.00 FV suggests that the current share price has yet to rightfully account for the value of ESSB, with the earnings contribution still not supersized yet in 1HFY21. At the current 0.9x P/BV, HTVB is trading at a 35% discount to regional steelmaking peer average of 1.4x, corroborating the upside potential implied by our SOP valuation.

Posted by Johnchew5 > 2021-10-23 23:08 | Report Abuse

HRC is Hot Rolled Coils .. CRC is Cold Rolled Coils ...

Posted by Johnchew5 > 2021-10-23 23:30 |

Post removed.Why?

Posted by Johnchew5 > 2021-10-23 23:42 |

Post removed.Why?

Posted by Johnchew5 > 2021-10-24 06:30 |

Post removed.Why?

Posted by Johnchew5 > 2021-10-24 06:39 |

Post removed.Why?

Posted by Abba84 > 2021-10-24 10:33 | Report Abuse

US steel up ,.66 (2.97%} =2.88 but Shanghai steel lower ,5000 due authorities curbs energy consumption as well real assets subdued demand roiled b Evergrande. Problems
Would this effects our steel industries? Remain t be seen 2 mrrw.Annjoo dropped 11-13 cts lst week is a cause for concern.

Posted by bigprice > 2021-10-24 10:34 | Report Abuse

China has orders steel mills in more cities in northern China to cut production from Nov. 15 to March 15 next year, in order to clear the smog-blanketed sky in the region and to ensure the achievement of the country's steel output reduction target.

Steel mills should keep to their plans to cut production for the remainder of this year to ensure output is no more than last year, according to a statement jointly issued by China's industry ministry and environment ministry on Wednesday. Over the first eight months, China already produced 733.02 million tonnes, up 5.3per cent on year.

From Jan. 1 to March 15 next year, mills are to curtail output by no less than 30per cent of steel production versus 2021.

Posted by bigprice > 2021-10-24 11:42 | Report Abuse

I'm wasting time here. Bye .

Posted by kimpau > 2021-10-24 12:11 | Report Abuse

diam lah Ular

Posted by kimpau > 2021-10-24 12:11 | Report Abuse

diam lah macam pasar malam!!!

Posted by ming > 2021-10-24 14:39 | Report Abuse

China facing weak demand vs weak supply..

But other country are increasing the selling price as cost increase

Posted by Abba84 > 2021-10-24 15:05 | Report Abuse

Will Malaysia steel industries remains upbeat, despite Chinas topsy turvy?

Posted by UlarSawa > 2021-10-24 17:41 | Report Abuse

Posted by UlarSawa > Oct 24, 2021 9:01 AM | Report Abuse X
The biggest steel producing country is currently China, which accounted for 57% of world steel production in 2020.


China's steel production in recovery mode in Oct as power rationing eases.

Mills in east, south China resuming production

Output rebound modest through mid-October

Prices remain on downtrend on sluggish steel demand

Steel mills, particularly those in Jiangsu, Guangdong and Guangxi, have gradually resumed production since the start of the month.

Mills in Jiangsu province had ramped up crude steel production by at least 25,000 mt/day as of Oct. 13 from the end of September, Platts calculations based on data from mills and traders showed.

Some mills in Guangdong and Guangxi provinces are also on the path to production recovery. These mills, most of which are electric arc furnace steelmakers, saw 40,000 mt/day of capacity suspended in H2 September.

 Posted by UlarSawa > Oct 24, 2021 9:04 AM | Report Abuse X

China coal prices notch worst week since May on govt intervention

China coal futures down nearly 15% this week
Beijing signals intervention to cool prices from record highs
Traders take wait-and-see approach to demand-supply situation

BEIJING, Oct 22 (Reuters) - China's thermal coal futures plunged on Friday and turned in their worst week in five months, following Beijing's strongest intervention in years to boost supply and cool runaway prices of the commodity amid a widespread power crunch.

The most-traded contract on Zhengzhou Commodity Exchange, for delivery in January , hit the lower daily trading limit of 14% and settled at 1,408.4 yuan ($220) a tonne.

That was nearly 30% below a record high hit on Tuesday and down nearly 15% for the week, the biggest weekly drop since May.

The contract later fell a further 6.1% in Friday's night session, which counts as part of the Monday trading day, and was down 3.4% at 1,360.4 yuan as of 1343 GMT.


 Posted by UlarSawa > Oct 24, 2021 9:13 AM | Report Abuse X

Indonesia is now overwhelmingly China’s biggest overseas supplier of coal, with shipments hitting a record last month after Beijing loosened curbs on imports to tackle its power crisis. Cargoes of coking, thermal and brown coal from the Southeast Asian nation surpassed 21 million tonnes in September, from just over 17 million tonnes in August, and now account for about two-thirds of China’s total imports, according to customs data. Chinese buyers have been forced to tap other suppliers of the fuel to replace Australian exports banned almost a year ago after political relations with Canberra soured.


 Posted by UlarSawa > Oct 24, 2021 9:15 AM | Report Abuse X

China vows to severely punish market violations amid low coal futures prices


Domestic coal futures had plunged for three consecutive trading days after the government vowed to crack down on soaring prices, and China's top economic planner sent an even harsher message on Friday, saying it will severely punish violations of price rules.

The National Development and Reform Commission (NDRC) said at the meeting, attended by some key coal companies, that they should set prices reasonably, and severe penalties will be imposed for those who engage in profiteering.

NDRC said that it will assign several investigation teams to major coal provinces for on-site investigations on the cost of production and circulation, as well as the profits, to provide a reference for the reasonable range of coal prices.