Steel Prices To Increase 10 To 15 Per Cent

kalau gula naik, harga makanan naik…mcm kuih muih…takpun kuih kena potong makin kecik

kalau keluli naik, ape yg akan naik…huhu

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Business Times Online, March 09, 2010

KUALA LUMPUR, March 9 (Bernama) — Steel prices are expected to increase between 10 and 15 per cent in the next few months on the resumption of private and public construction activities after the Chinese New Year celebrations, says OSK Research.

It said average selling prices of steel products escalated since December 2009, but the increase was mainly driven by the cost-push element.

“We continue to think that with on-going projects perhaps helping to sustain 70 per cent of regular annual long steel consumption, the balance may be compensated if most public projects are executed in a timely manner,” it said.

OSK said local steel mills have been exporting more than one million tonnes of steel products, annually, in the last two years.

Malaysia’s exports escalated after China imposed a 25 per cent export tax on billets, creating a vacuum of five million tonnes of billets in the South East Asia market.

China previously supplied 75 per cent of the region’s requirements.

“Improvements in the economies of the Middle East, Australia, Pakistan, Bangladesh are also expected to be a boon to Malaysia’s billet exports,” it added.

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2 Responses to “Steel Prices To Increase 10 To 15 Per Cent”

  1. Rambu Rambai says:

    Bila keluli naik, kos projek pun naik. termasuklah semua kos membina rumah, infrastruktur awam dll. bila kos keluli naik, pencuri besi pun naik semangat untuk mencuri besi. maka berjaga-jagalah besi2 longkang di kawasan rumah anda.

    Bila besi naik juga, maka banyaklah kontraktor-kontraktor yang telah awal2 menempah besi dengan harga murah mendapat keuntungan atas angin dengan menjual balik stok besi yang mereka telah beli. Manakala kontraktor melayu yang tiada cashflow yang positif pula berlambaklah hutangnya justeru daripada peningkatan kos.

    Bila besi naik juga, ia menunjukkan ekonomi makin pulih dan industri pembinaan yang menjana ekonomi negara semakin pulih secara beransur-ansur.

  2. NizamJB says:

    In addition to that..

    Kos nak bina pelantar minyak yg guna 30-40k ton besi pun akan naik gak.. biler projek kos naik, harga minyak pun eventually akan naik gak.. biler harga minyak naik.. mulalah rakyat pun naik hangin..hehe!

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