steel

Phillip Securities keeps BRC Asia at 'buy' on recovery of construction demand - THE EDGE SINGAPORE

Broker's Calls

PhillipCapital keeps BRC Asia at 'buy' on recovery of construction demand

BRC Asia’a order book from construction is up slightly to $1.135 billion for 3QFY2022 from $1 billion
BRC Asia doubles 3QFY2022 earnings, sees support from public sector projects - THE EDGE SINGAPORE

Results

BRC Asia doubles 3QFY2022 earnings, sees support from public sector projects

As of June 30, the company’s order book has reached some $1.135 billion

Results

BRC Asia FY2021 earnings up 131% to $45 mil, declares final and special dividend of 8 cents

The company will be paying a total dividend of 12 cents per share for FY2021

Commodities

Iron ore's brutal collapse below US$100 flags more trouble ahead

Iron ore futures plunged more than 20% this week
Hong Leong Asia to pay $68.1 mil to bring stake in BRC Asia to 20% - THE EDGE SINGAPORE

Deals, joint ventures & alliances

Hong Leong Asia to pay $68.1 mil to bring stake in BRC Asia to 20%

HLA will subscribe for a placement at $1.48 each and also buy shares from existing BRC shareholders

Commodities

Record steel prices inject life into long-suffering industry

Few expect these good times to last through 2022

Hot Stock

Civmec awarded contract for Australian offshore patrol vessel project

SINGAPORE (Apr 16): Civmec has won a contract from Luerssen Australia, a subsidiary of German shipbuilder Lürssen, to supply and process steel for all 12 vessels to be built for Australia’s SEA 1180 Offshore Patrol Vessel (OPV) project.

Global Economy

China asks US to offset trade loss due to metal tariffs

GENEVA (Mar 27): China asked the US to provide compensation for lost trade due to President Donald Trump’s proposed tariffs on steel and aluminum, in a preliminary step that could lead to a dispute between the two nations at the World Trade Organization

Xi buys time with Trump as tensions loom over North Korea threat

HONG KONG (April 10): After predicting a “very difficult” encounter with Chinese President Xi Jinping, Donald Trump emerged from their first meeting hailing “an outstanding relationship” between chiefs of the world’s biggest economies.

Commodities

The China X-factor that puts steel’s surprise comeback at risk

SHANGHAI (Feb 14): Steelmakers aren’t out of the woods yet. A year-long resurgence risks cooling as a slowdown in China’s property market deepens, exposing bullish sentiment as overblown, according to a U.S.-based hedge fund manager and former Citigr
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