Posted by tecpower > 2018-03-06 00:42 | Report Abuse

Malaysia's trade exports grow 17.9% to RM82b

"The main contributors to the increase were exports of electrical and electronic (E&E) products which surged by 27.1%, followed by chemicals and chemical products (23.4%), iron and steel products (60.9%), optical and scientific equipment (18%), manufactures of metal (14.8%) as well as transport equipment (32%)."
Read more at https://www.thestar.com.my/business/business-news/2018/03/05/malaysia-trade-exports-grow-17pt9pct-to-rm82m/#L5isskXlpjLvwyKJ.99

iron and steel products (60.9%)

Posted by tecpower > 2018-03-06 01:16 | Report Abuse

spoofing tactic to scare investors. haha

Posted by richdad_88 > 2018-03-06 09:18 | Report Abuse

@cksam, if u think DJI going to plunge soon, then go and short DJI futures. no need to come to this forum and post yr long story here. not relevant to ssteel and other steel stocks at all !!

Posted by 林俊松 > 2018-03-06 13:50 | Report Abuse

Last month every1 keep bad mouth about court case; now every1 keep bad mouth about steel export; what next that can hampers the share price? Try to brainstorm new ideas.

Posted by nicky11 > 2018-03-06 15:11 | Report Abuse

Because i3 never lack of those jokers which like to create chaos. If not, they hard to buy at lower price.

Posted by hstha > 2018-03-06 22:45 | Report Abuse

Steel stocks make firm recovery in early trade http://www.theedgemarkets.com/article/steel-stocks-make-firm-recovery-early-trade

Posted by ming > 2018-03-07 13:55 | Report Abuse

No sound here compare masteel page.. lol

Posted by Warn3r > 2018-03-07 16:15 | Report Abuse

Maybe everyone here is resilient - Just sitting this out by living life fully (busy with other things). Come back during end of May and vio-la it’s RM 2.80 (I hope). =]

Posted by Albukhary > 2018-03-12 11:50 | Report Abuse

My understanding of the impact of donald trump tariff:-

1) Short Term, US Steel factory production capacity is insufficient to meet its steel demand.
Once the tariff impose, the retail steel price in US will be increase, the the steel factory profit margin will increase. At the same time, the import of steel will be remain same or reduce a bit, because the demand is there. With the 25% tariff, Donand Trump government income will increase as well.

2) Short-term steel price will reduce, because all business stop placing their order, want to see how low can the steel price go. Once they realised their stock level reducing and the demand is still same as usual, they will place order again, and price will back to its original level.

2) Midle term, once the steel factory have stable profit, they will start expand their production, they will invest in new blast furnace, hire more worker, so will improve the job market. and the import will reduce substantially.

Posted by Invest_Sensibly > 2018-03-12 13:19 | Report Abuse

Steel rebar price drops 20% compared to 3 months ago.

http://www.sunsirs.com/uk/prodetail-927.html

Unless, rebar steel prices rebound

Posted by s3eve > 2018-03-12 15:00 | Report Abuse

Will see the value rise to 2.2 again .... Im surprised to see it drop below 2.. SS is doing so good ...

Posted by aiinvestor > 2018-03-12 20:25 | Report Abuse

Malaysia unfazed by US import tariffs on steel, aluminium http://m.thesundaily.my/node/531925

Posted by Mohd Fahmi Bin Jaes > 2018-03-12 20:26 |

Post removed.Why?

Posted by Warn3r > 2018-03-13 11:09 | Report Abuse

RSI below 30%. Let’s see how long it can stay below that line.

Posted by yeekarwai 95 > 2018-03-13 15:07 | Report Abuse

PE 5.12
lol!

Posted by ming > 2018-03-13 16:13 | Report Abuse

Really Tak faham
Hopefully nx qr can announce big dividend to boost again.. eps close to annjoo jor

Posted by Bullrun003 > 2018-03-14 09:17 | Report Abuse

Pump another 100k waiting superb div

Posted by s3eve > 2018-03-14 10:12 | Report Abuse

Im buying...

Posted by Warn3r > 2018-03-14 10:33 | Report Abuse

China rebar price has gone down from peak in December to around RMB 3880 / MT now, or RM 2390 / MT. After tax and shipping, it’s probably RM 2700-2800 / MT.

But admittedly there’re some uncertainties now, Trump’s tariff and its implication. It’s a dynamic and complex web of intercorrelations. I’m still holding.

Posted by hebeds > 2018-03-14 11:18 | Report Abuse

just admint, the glory days of steel stock is no more after trump impose tax...at least the news had driven them dropping like no tmr, it might take another few quarter to shine..but bear is coming...hard to wait

Posted by Warn3r > 2018-03-14 16:32 | Report Abuse

When everything’s too clear, then it’s not gonna be the same price anymore.

Posted by nicky11 > 2018-03-14 17:39 | Report Abuse

Today buy rate is higher than sales...Hopefully it can start to rebound and operators enough pushing down the price

Posted by MrPauper > 2018-03-14 18:07 | Report Abuse

hebeds, since when steel stock had its glory days. From time to time in the past 2 years, people keep downplaying the future of steel companie and doubt their potentials.

Posted by MrPauper > 2018-03-14 18:10 | Report Abuse

nicky, buy rate high doesn't mean anything as it can indicate distribution as well. This stock is in consolidation mode for too long. We shall see after this lengthy consolidation, the price is going to move north breaking the rm2.40 or falling down further

Posted by hebeds > 2018-03-14 22:08 | Report Abuse

Glory day start when annjoo rise from 1.xx till now 3.xx, it's gonna stop right here, annjoo can't rise it's pe, the other steel company don't even have the chance

Posted by MrPauper > 2018-03-14 23:34 | Report Abuse

hebeds, can you distinguish between glory and resurrection? From 1 to 3 something for annjoo, it is merely due to turaround from previous loss making industry. It has not even achieved its max potential. And who said that annjoo is the leader in steel industry? That is only the propaganda spread by some vested interest parties to make sure annjoo share price is higher above the rest

Posted by MrPauper > 2018-03-14 23:36 | Report Abuse

Try to show me some recent performance that annjoo is superior compare to its peers especially ssteel

Posted by MrPauper > 2018-03-14 23:43 | Report Abuse

In times of crisis, a new leader shall born and rise !

Posted by apolloang > 2018-03-14 23:45 | Report Abuse

CRISIS? reporters also dare not ask jibby why bursa stocks everyday losers led gainers

Posted by joetay > 2018-03-14 23:49 | Report Abuse

bro apolloang, there r always dreamers ard.

i thot u r alrdy at the stage of apathy.

lol.............

Posted by Warn3r > 2018-03-15 09:15 | Report Abuse

Kimao, why do we need to load extra profit? Do they sell at cost price in China? Why would the shipping fee a percentage of the steel price? They’re not related.

Posted by Warn3r > 2018-03-15 09:20 | Report Abuse

This is one hell of a ride.

Posted by Bull333 > 2018-03-15 09:31 | Report Abuse

sentiment only...steel will surely rebound

Posted by leoting > 2018-03-15 14:37 | Report Abuse

@kimao123 you yet include warehousing, handing & storage, administration, and you profit margin for doing so......

Posted by hentara > 2018-03-15 14:45 | Report Abuse

By the way, Turkey rebar price is far more cheaper than China and Malaysia.

Posted by Warn3r > 2018-03-15 15:00 | Report Abuse

Ssteel is picking up, driven by low volume.

Posted by hebeds > 2018-03-15 16:37 | Report Abuse

leo sifu, did you get in ssteel? today price might change the downtrend of ssteel......

Posted by nicky11 > 2018-03-15 17:10 | Report Abuse

Finally it closed in green.

Posted by Albukhary > 2018-03-16 08:49 | Report Abuse

Based on my finding, the average Rebar price in USD is around USD870 per tonnes, while China rebar price is only RMB3800 (or USD600). After donald trump impose the 25% tariff, it will become USD750. Then add on the transportation, warehouse, admin, insurance....etc, around USD100 per tonne, then China steel price in US market will become USD850. Which is more or less same as the local steel price in US. That why now China steel price is around RMB3700-3800 level.

However, we can see that US Steel Mill start to raise their price, if US steel can raise their price to above USD900-920, that mean there is a room for China Steel Price to move up to RMB4000-4100.

Posted by Bull333 > 2018-03-16 09:26 | Report Abuse

China nor US steel have nothing to do with Malaysia steel we are different entity if u wanna be rich keep buying few months later u see the price u will know how powerful is steel

Posted by Warn3r > 2018-03-16 11:41 | Report Abuse

Bull333, I like your positivity.

Posted by tecpower > 2018-03-17 11:08 | Report Abuse

EVIDENCE OF OVERREACTION

MALAYSIAN STEEL MAKERS OVERREACTED MUCH MORE THAN KOREANSTEEL MAKERS DID.


KOREA STEEL SHAPES (Korean steel stocks)
https://www.reuters.com/finance/stocks/overview/007280.KS

Hi Steel (Korean steel stocks)
https://www.reuters.com/finance/stocks/chart/071090.KS

Posco (Korean steel stocks)
https://www.reuters.com/finance/stocks/chart/005490.KS

South Korea's steel export to the US --- 12%
https://www.trade.gov/steel/countries/pdfs/2017/q2/exports-korea.pdf

Steel | 2016-2018 | Data | Chart | Calendar ... - Trading Economics
https://tradingeconomics.com/commodity/steel

Posted by ming > 2018-03-20 15:42 | Report Abuse

Miti jz release latest steel price (2600-2750) as 16/3/18.
Dunno market worry apa.. cant understand at all @@

Posted by hstha > 2018-03-21 08:41 | Report Abuse

Steel stocks poised for re-rating | http://www.klsescreener.com/v2/news/view/356133

Posted by tecpower > 2018-03-21 22:37 | Report Abuse

钢铁关税拖低股价　建材股借业绩翻身
http://www.orientaldaily.com.my/s/235975

Posted by Ooi GC > 2018-03-23 08:04 | Report Abuse

This tariff doesn't work. And it will not affect Malaysia steel sector. Come on guys. Don't over react to Trump.

Posted by nicky11 > 2018-03-23 09:38 | Report Abuse

Investors always overreact with the news...haiz..

Posted by Bull333 > 2018-03-23 15:20 | Report Abuse

Is ok happy to collect more ..

Posted by s3eve > 2018-03-23 23:08 | Report Abuse

great.. just collect before it shoots up to normal in no time

Posted by s3eve > 2018-03-23 23:11 | Report Abuse

http://www.klsescreener.com/v2/news/view/356133

Key Points -

Share price weakness of steel stocks, partly due to an overreaction to the US import tariff on Chinese products, should see a re-rating during a possibly strong first-quarter 2018 results season in May, said UOB Kay Hian.

In a sector update report yesterday, the research house opined that steel companies may report another strong set of earnings for the first quarter, with gross profit per tonne potentially expanding to RM733 per tonne.

We also reiterate our view that the tariff imposed on imported steel and aluminium by the US should not have a significant impact on local steel players, given that excess supply from US imports should easily be absorbed given the aggressive capacity cuts by China.

In addition, logistically, it would be economically inefficient for US steel suppliers such as Canada, Brazil and Mexico to divert excess supply to Asia