Steel Demand Increases, Stocks STRICTLY In winches to Rp 1,500?

Increased demand makes prices go up quite high world steel, on sentiment that a number of airports are rumored to be hoisted the price of the shares of PT Krakatau Steel Tbk (violent) to a level of Rp 1,500 per share. 


According to Bloomberg data, hot rolled steel or hot rolled coil on the New York Mercantile Exchange was up 24.4% compared to the early price. According to one market participant, sentiments that will make riding on the strong performance this year.
"The increase in prices and strong demand for steel is expected to enlarge the strong earnings," said the market players on Monday (4/18/2011).
Strong demand it of them came from Hyundai Heavy Industries Co., the world's largest buyer of steel plate which is planning to increase the use of raw materials 14% this year, along with the high demand for construction container ships and oil tankers.
"In addition, the strong awaits major projects of Nippon Steel is getting more and more closely together with the strong as his partner, and some local projects in agriculture and other infrastructure," he said.
He added that the strong will in the near future in cooperation with Nippon Steel for research and development of earthquake resistant building construction, both design and materials. Steel used as main materials for the construction of earthquake resistant buildings because of high levels of strength and elasticity.
In trading today, up at 10:55 JATS time, the strong stock rose 10 points (0.84%) to a level of 1,200 per share. Its shares are traded 11,403 times with a volume of 295,165 lots valued at USD 177.878 billion. 

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source: detik.com

Posted in: Rumor Saham