Company Performance: Revenue, profits, and growth prospects heavily influence investor sentiment and stock price.

Market Sentiment: General investor optimism or pessimism, often tied to economic news, can drive buying or selling pressure.

Industry Trends: The performance and outlook of the steel industry impact the stock's valuation.

Economic Conditions: Interest rates, inflation, and GDP growth affect overall market valuations and investor risk appetite.

Global Events: Geopolitical events, trade policies, and international relations can create volatility.

Company News: Announcements about new products, partnerships, acquisitions, or management changes can affect the stock.

Analyst Ratings: Recommendations from financial analysts influence investor perception.

Dividend Policy: Dividend yield and stability attract income-seeking investors.

Currency Fluctuations: As the stock is traded in Singapore dollars, currency fluctuations can impact foreign investors.

Commodity Prices: The price of raw materials like iron ore affects the company's production costs and profitability.