Haha, I feel very comfort with Ssteel after reading total research done from Leoting. Good things must grab fast, else the mumblings old ladies can't see my tail lamp again.
All the positive factor been in for steel player. Mrcibai, the only hope for you is praying hard so that word of war between us and north korea can really turn into war. That is all what you wicked wish.
monday i will crash and melt this steel to make it scrap. you all sinkalan can continue talk. It will not continue up anymore. People already aware of this con-gang
If u really wanna dump 10000 lots for charity, please do it in a systematic way to ensure that the market really afraid, otherwise i worry they will catch you offguard and eat away all your discounted stocks
Assertion and threatening has no use. Walk the talk tomorrow. Sell as many as you have, many of us will grateful for generosity you have extended to us to collect at low.
Bro john lu, Sorry has overlooking your earlier questions. ..
My preferences is Ssteel & Lionind , in long run Annjoo & Lionind will be the best runner. For some reason I dislike Masteel ... (maybe it's Calvin's like ..kikiki; don't angry Calvin )
Bro Money Sifu, u r most welcome; there is a saying in Chinese proverb 和气生财(with harmony makes more wealth) therefore no need to be disturb by malicious remarks as gaining knowledge from each other and making money at the same time is a wonderful things to do. To be in fact my knowledge is restricted to steel making and machinery only therefore I can only predict some trends analysis for my boss for his review and figure out what the is the future of each steel mills prospect. Leo in fact is more knowledgeable than me in term of other field as he does more research analysis on different industry.
Yes, Finally break RM2400. For your information, local scrap supplies are limited and price going up as well range RM1030-1070 / MT. From previous RM970-1030/MT.
AnnJoo & Southern already start buying scrap at 1100/mt since last week from oversea, which Masteel started buying at 1250/mt on premium grade. Why I know? because my company have estimated 1000Mt of offcut that is less than 200mm that all of them offer to buy as this is considered pure scrap as there is no impurities like other scrap suppliers.
Bro Stock Kingdom, AJ & SS sapu local scrap as the impurities is high therefore price lower. Masteel is force to buy scrap from oversea(which is higher cost and quality) and local scrap have to fight with Amsteel to leverage the cost of production. Masteel used to buy a lot of pig iron from AJ at the low price but now things have changed that AJ can recycle to used back this pig iron to replace the scrap.
Bro investorem ,price for raw material is on the surge therefore need to built up scrap material also, AJ have hybrid system therefore they will evaluate which one is have better efficiency cost for production(either iron ore or scrap base) Buying aggressively means they have forecasted this 3 months will be shortages, better buy now than later as the moment they are so cash rich can afford to stock up for better pricing.
Depend on the pricing of iron ore, cooking coal, and steel scrap. No matter how, hot metal from blast furnace and side product like pig iron will increase the output of electric arc furnace. Iron ore is on upward trend recently, therefore have to seriously look to and utilize the capacity of electric arc furnace.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
mrcibaiii
202 posts
Posted by mrcibaiii > 2017-08-12 22:14 | Report Abuse
you all sinkalan gang always talk things like they know everything about steel... end up people trap bcos of listening to this gang.