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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,880 15 mei 2024 17:35
  • 0,000 (0,00%) Dagrange 23,810 - 24,260
  • 2.345.565 Gem. (3M) 2,5M

Nieuws en info hier plaatsen (deel 2)

1.000 Posts
Pagina: «« 1 ... 24 25 26 27 28 ... 50 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 20 maart 2012 21:36
    ArcelorMittal wacht progressie staalmarkt af alvorens uit te breiden in Brazilie


    RIO DE JANEIRO (Dow Jones)--Staalconcern ArcelorMittal (MT.AE), 's werelds grootste staalproducent, wacht op vooruitgang in de wereldwijde staalmarkt voordat het een beslissing over uitbreiding van de staalactiviteiten in Brazilie, opnieuw bekijkt.

    De uitbreiding van de activiteiten bij Joao Monlevade op het gebied van lange staalproducten in de staat Minas Gerais, zal niet opgeschort worden, stelt het bedrijf in een reactie per e-mail. ArcelorMittal Brazilie heeft voldoende productiecapaciteit om in zijn behoeften te voorzien en zal toezien op de marktontwikkelingen, zodat het bedrijf in staat zal zijn snel in te spelen op de behoeften van zijn klanten, aldus het bedrijf.

    ArcelorMittal verdubbelt de capaciteit van de activiteiten in Joao Monlevade, tot 2,4 miljoen metrische ton per jaar aan lange staalproducten, waarbij deze met name bedoeld zijn voor de Braziliaanse markt. Het bedrijf stelt de uitbreiding vorig jaar opgeschort te hebben vanwege zwakke omstandigheden op de staalmarkt.

    Het bedrijf zal uitbreiding van zijn distributienetwerk voor lange staalproducten in Brazilie verder voortzetten in 2012, om daarmee dichter bij de klanten te komen.

    De uitbreiding zal plaatsvinden door het sluiten van partnerschappen, stelt het bedrijf.


    - Door Diana Kinch, vertaald en bewerkt door Elco van Groningen; Dow Jones Nieuwsdienst; +31-20-5715200; elco.vangroningen@dowjones.com


  2. [verwijderd] 21 maart 2012 09:11
    quote:

    voda schreef op 20 maart 2012 21:36:

    ArcelorMittal wacht progressie staalmarkt af alvorens uit te breiden in Brazilie

    Ik kan hiervan geen soep koken:
    AM wacht af, breidt uit, schort op maar toch ook weer niet, verdubbelt de capaciteit???????
    Verdubbelt AM nu de capaciteit en neemt deze pas in bedrijf als de markt daartoe een signaal geeft? Is dat de strekking vann dit bericht?




    - Door Diana Kinch, vertaald en bewerkt door Elco van Groningen; Dow Jones Nieuwsdienst; +31-20-5715200; elco.vangroningen@dowjones.com



  3. forum rang 10 voda 21 maart 2012 16:54
    BHPB sees flattening signs of Chinese iron ore demand

    Reuters reported that Australian iron ore miners, key beneficiaries of China's modern day industrial revolution, signaled demand growth was finally slowing in response to Beijing's moves to cool its economy.

    BHP Billiton, the world's biggest miner, said it was seeing signs of flattening iron ore demand from China, though for now it was pushing ahead with ambitious plans to expand production.

    Mr Ian Ashby, president of BHP's iron ore division, said that "Chinese economy is shifting, it's changing. Steel growth rates will flatten and they have flattened."

    Mr Ashby said that China's demand for iron ore, a key steelmaking ingredient, will slow to single digit growth, but the country's annual steel output will still rise by some 60% by 2025.

    The news knocked the Australian dollar, which fell a fifth of a US cent to USD 1.0595 right after the comments. The FOREX market is very sensitive to any hint of softening demand in China, given it is Australia's single biggest export market.

    Mr Stan Shamu, an analyst at IG Markets, said that "What is concerning is the potential impact of single digit demand growth for iron ore. Iron ore demand from China makes up a bulk of our exports and this will impact terms of trade. This shows that terms of trade are peaking and likely to flatten down the line."

    Chinese demand for iron ore has been the driving force behind years of expansion work by the world's biggest mining companies. More than 100 million rural Chinese are projected to settle in towns and cities in the next decade, requiring unprecedented amounts of steel for housing and infrastructure.

    Rio, BHP and other big miners have been pursuing a strategy of running at full production and expanding capacity in long life and relatively low cost commodity assets compared to the selling price of ore, banking on squeezing out higher cost producers.

    Analysts agreed even single digit growth in Chinese ore demand should be enough to spur miners to push ahead with production expansion plans.

    Source – Reuters

  4. forum rang 10 voda 21 maart 2012 16:54
    ArcelorMittal Liberia reaches 1 million tonne iron ore mark

    ArcelorMittal announced the shipment of the 1 millionth tonne of DSO iron ore from its Liberia mining operations.

    The vessel will sail from the Buchanan terminal to its customer in China.

    Production has been operating at an annualized rate of 4 million tonne per annum since late 2011 and the company is now in commercial ramp up phase with trials cargoes being dispatched to global steel mills.

    Mr Rajesh Goel CEO for ArcelorMittal Liberia said “It gives me great pleasure to announce the first one million tons ore shipment from Liberia. We are only at the beginning of our operational development in Liberia which includes significant growth plans in cooperation with the Liberian government and our local communities.”

    Prior to commencing mining in Liberia, ArcelorMittal invested USD 800 USD in the rehabilitation of the railroad, port, and infrastructure around the mine in Yekepa, while building its in country capacity.

    Source - Allafrica.com
  5. forum rang 10 voda 22 maart 2012 16:27
    Is dit bericht de reden van de grote daling?

    ArcelorMittal wil zesjarige obligatie uitgeven


    AMSTERDAM (Dow Jones)--ArcelorMittal (MT.AE) is van plan om zesjarige obligaties in euro's uit te geven, maakt een van de begeleidende banken donderdag bekend.

    De aanvangsprijs zal naar verwachting ongeveer 275 basispunten boven midswap bedragen.

    De begeleidende banken bij de uitgifte zijn Commerzbank AG, Credit Agricole CIB, HSBC Holdings PLC and Societe Generale CIB.


    - Door Ben Edwards, vertaald door Levien de Feijter; Dow Jones Newswires; +31 20 571 52 00; levien.defeijter@dowjones.com


  7. forum rang 10 voda 22 maart 2012 16:47
    US steel industry is leading manufacturing out of the recession - Dr Considine

    New report finds the American steel industry supported more than one million jobs in the US economy in 2011; each job in US steel industry supports seven jobs in the US economy

    A just released report by Dr Timothy J Considine, professor of energy economics, University of Wyoming, reveals that the American steel industry is playing a significant role in leading manufacturing's post-recession resurgence primarily because it is highly interrelated with many other sectors of the economy.

    In his analysis titled "Economic Impacts of the American Steel Industry," Dr Considine notes that "Every one job in the US steel industry supports seven jobs in the US economy, reflecting its ripple effect on employment."

    For 2011, the report states, the American steel industry directly employed 150,700 and given the multiplier effect, supported more than 1,022,009 jobs.

    In his report, Dr Considine points out that the significant economic impact of the industry is based on the fact that steel is the most prevalent material in the economy, and the steel industry purchases a wide variety of inputs from other industries that create a favorable ripple effect. He said that "This is one reason why so many countries around the world welcome investments that establish steel mills, because they stimulate industrial supply chains."

    The report explains that these indirect impacts support jobs in industries supplying the steel industry with inputs of energy, materials and services, examples of which are identified in the report. A third and final set of economic impacts arise from the stimulus that additional labor and capital income provides for households to spend on goods and services.

    The report states that "These so called induced impacts together with the direct and indirect impacts constitute the total economic impact of the industry. Thus, for every dollar increase in sales for iron and steel mills and ferroalloy industries, total output in the US economy increases by USD 2.66."

    Based on the estimated 2011 direct steel sector employment of 150,700, the Considine report states that the steel sector supported 1,022,099 jobs in the US economy, contributed over USD 101 billion in value added and USD 246 billion in gross output. Based on tax multipliers utilized in the analysis, during 2011 the steel sector generated nearly USD 23 billion in local, state and federal taxes.

    Dr Considine's analysis was commissioned by the American Iron and Steel Institute to provide an updated look at the American steel industry's overall impact on the US economy. In his study, Dr. Considine employed the IMPLAN system developed by MIG, Inc., one of the most widely used and highly regarded systems for economic impact analysis.

    The report describes the industry's purchases of a highly diverse range of products and services, thus supporting hundreds of thousands of jobs along the supply chain. For example, in 2010 the steel industry purchased more than USD 20 billion of materials produced in other industries, $8 billion of machinery, USD 4.4 billion from wholesale and retail trade sectors and more than USD 4 billion of transportation services. It also generated USD 12.4 billion in labor income.

    Source - American Iron & Steel Institute
  8. forum rang 10 voda 22 maart 2012 16:53
    ArcelorMittal Kriviy Rih completes overhaul of sintering machine No 5

    ArcelorMittal Kriviy Rih, Ukrainian subsidiary of global steel giant ArcelorMittal has stated that overhaul work on its sintering machine No. 5 has been completed at its sinter shop No. 2.

    The total investment in the overhaul reached UAH 26.536 million. The company changed mechanical and electrical equipment during the overhaul work which lasted two months. Meanwhile, overhaul of sintering machine No. 6 at sinter shop No. 1 is still continuing.

    Source - SteelOrbis

    Visit www.steelorbis.com for more
  9. forum rang 4 s.lin 22 maart 2012 20:40
    Manifestatie in Frankrijk ter verdediging staalindustrie
    Bewerkt door: Anneleen De Vel - 22/03/12, 17u43 - Bron: belga.be
    Enkele honderden staalarbeiders van de groep ArcelorMittal, voornamelijk Fransen maar ook Belgen en Luxemburgers, hebben vandaag in het Franse Florange gemanifesteerd voor de verdediging van de industrie in Frankrijk.

    Volgens de vakbonden gaat het om tweeduizend arbeiders, maar de politie meldt er 800. De Franse vakbond CGT organiseerde de nationale actiedag om de staalindustrie in Frankrijk en de Lorraine te verdedigen en ontwikkelen.

    Aan de manifestatie namen delegaties van ArcelorMittal-fabrieken uit Duinkerke en Fos-sur-Mer deel. Ook zakten delegaties van de staalfabrieken in het Luxemburgse Schifflange, die dinsdag voor onbepaalde duur dichtging, en Luik af naar Frankrijk om voor het gemeentehuis in Florange te demonstreren. De Luikse hoogovens liggen sinds oktober 2011 stil.

    De arbeiders in Florange voerden 20 februari actie op de site om de hoogovens, die al ettelijke maanden stilliggen, opnieuw op te starten. De vakbonden vrezen immers een geplande dood van de site, waar een vijfduizendtal mensen werkt. De directie zegt dat het om een tijdelijke stop gaat wegens onvoldoende vraag.
  10. forum rang 10 voda 27 maart 2012 16:47
    ArcelorMittal Poland launches PCI in Dabrowa plant

    ArcelorMittal Poland launched in a steel mill plant Dabrowa pulverized coal injection into blast furnace and sinter strand modernized. Investment cost a total of nearly PLN 140 million.

    Installation of pulverized coal injection is located at blast furnace No 2 This will reduce the cost of production of pig iron, used for making steel. This will be achieved through the replacement parts used in the production of coke by coal dust. This will help the environment, because the production of coal dust is more ecological than the manufacture of coke.

    Mr Manfred Van Vlierberghe CEO of ArcelorMittal Poland said that "Despite the difficult situation in the steel market continues to invest. We believe that it is they allow us to survive periods of uncertainty, as well as to maintain flexibility and the ability to easily adapt to changing conditions."

    Company officials stress that the two investments are not only important from a business, but also an ecological point of view optimize production costs and reduce dust emissions. Both projects will contribute significantly to environmental protection in the vicinity of the smelter.

    With other investments, the modernization of the sinter strand, increased manufacturing capabilities have been called sinter, which is material to the blast furnace batch. In addition, two electrostatic precipitators, the flow rate 900,000 cubic meters per hour each, will allow a significant reduction in dust emissions.

    Since 2004, ArcelorMittal Poland has invested over PLN 4 billion in green technologies. In January 2012, the company also informed about worth over PLN 220 million year's investment in the Krakow branch of ArcelorMittal Poland. Most will cost modernization of the chemical in coke ovens, where recently there has been commissioning of coke oven gas treatment plant.

    ArcelorMittal Poland employs more than 12,000 people, and together with its subsidiaries more than 15,000. In March 2012, the company launched programs for the employees leave the company. As stated, the optimization of employment will end this year, about one thousand employees of Polish plants. Goers will be able to take advantage of pre retirement programs, and leave the program, under which outside law receive additional severance benefits.

    Source - Onet Wiadomosci
  11. forum rang 10 voda 27 maart 2012 17:18
    ArcelorMittal verkoopt deel belang Erdemir


    AMSTERDAM (Dow Jones)--ArcelorMittal (MT.AE) brengt door middel van de verkoop van aandelen en warrants een deel van zijn belang in het Turkse staalbedrijf Eregli Demir ve Celik Fabrikalari (Erdemir) terug, maakt het grootste staalconcern ter wereld dinsdag bekend.

    Met de verkoop brengt Arcelor zijn belang in Erdemir terug naar 18,7% van 25%. Wanneer de warrants worden uitgeoefend zal het belang nog verder afnemen tot 12,5%.

    De staalfabrikant zegt dat de beslissing is genomen omdat het bedrijf zich wil richten op kernactiviteiten en het verminderen van de nettoschuld.


    Door Levien de Feijter; Dow Jones Nieuwsdienst: +31-20-5715200; levien.defeijter@dowjones.com


  12. forum rang 10 voda 28 maart 2012 16:20
    UPDATE: Verkoop Turks belang past in strategie ArcelorMittal


    (Update van eerder gepubliceerd bericht 'ArcelorMittal rondt verkoop belang Erdemir af' om extra informatie toe te voegen.)


    AMSTERDAM (Dow Jones)--ArcelorMittal (MT.AE) heeft woensdag de verkoop van een deel van zijn belang in een Turks staalbedrijf afgerond. De verkoop maakt deel uit van de strategie van de staalgigant om de nettoschuld te verminderen en zich te concentreren op de kernactiviteiten.

    ArcelorMittal verkocht ongeveer 134 miljoen aandelen van het Turkse concern Eregli Demir ve Celik Fabrikalari (Erdemir) wat TRY478 miljoen opleverde, ongeveer $268 miljoen.

    Met de transactie, die dinsdag werd aangekondigd, brengt het staalconcern zijn belang in Erdemir terug tot 18,7%. ArcelorMittal verkoopt ook warrants en als die worden uitgeoefend neemt het belang verder af tot 12,5%. Inclusief de opbrengst van de warrants zou de verkoop het bedrijf tot $562 miljoen kunnen opleveren.

    De verkoop past in de strategie van het bedrijf om zich te focussen op kernactiviteiten en het terugbrengen van de nettoschuld. Aan het einde van 2011 bedroeg de nettoschuld $22,5 miljard.

    Volgens analisten van UBS en JP Morgan zal ArcelorMittal op de korte termijn waarschijnlijk nog meer bezittingen van de hand doen. "Volgens ons zou Erdemir wel eens de eerste kunnen zijn van een serie van verkopen van minderheidsbelangen", zegt UBS analist Carsten Riek. "We denken dat ArcelorMittal zijn investeringen in deelnemingen en joint ventures met ongeveer 30% terug zou kunnen brengen."

    Het concern heeft investeringen in meer dan 19 deelnemingen en joint ventures die goed waren voor een totaal van $9,04 miljard in 2011, volgens het jaarverslag. Analist Alessandro Abate van JP Morgan zegt dat het management $5 miljard daarvan beschouwt als niet tot de kern behorend.

    De analist verwacht dat het belang van 23,5% in Enovos International de volgende verkoop zou kunnen zijn, gevolgd door het afstoten van belangen in China Oriental Group Co. Ltd. (0581.HK) en Hunan Valin Steel Tube and Wire Co. Ltd.

    ArcelorMittal heeft ingestemd met een zogenaamde "lock up" van zijn resterende belang in Erdemir van een jaar, wat betekent dat gedurende deze periode de overgebleven aandelen niet verkocht kunnen worden. Goldman Sachs begeleidt de verkoop van de aandelen.

    Omstreeks 14.30 uur noteert het aandeel vlak op EUR14,67, terwijl de AEX met 0,1% stijgt.


    - Door Alex MacDonald, Inti Landauro en Levien de Feijter Dow Jones Newswires; +31 20 571 52 00; levien.defeijter@dowjones.com
  13. mooieaanbieding.eu 28 maart 2012 16:24
    Arcelor Mittal: More Than 60% Upside Potential

    Arcelor Mittal (MT) is among the leading steel and iron producers around the world. Established in 1989, the Luxembourg-headquartered company has grown into a global steel giant. Arcelor Mittal operates as an integrated steel and mining company, with interests in several iron and coal mines around the world. Arcelor Mittal is a strategic partner for many large industrial manufacturers, as it supplies one-fifth of the global automotive market's steel needs. However, the oversupply concerns in the steel and coal markets have negatively affected investor sentiment. While MT returned 10% this year, the stock lost almost 44% during the last 12 months.

    As of the time of writing, Arcelor Mittal was trading at $19.78 with a 52-week range of $14.77-$37.69. It has a market cap of $31.4 billion. The trailing twelve-month P/E ratio is 22, and forward P/E ratio is 6. P/B, P/S, and P/CF ratios stand at 0.6, 0.3, and 18.3, respectively. Operating margin is 5.2%, and net profit margin is 2.4%. The company has an okay balance sheet, with low debt. Debt/equity ratio is 0.4. Arcelor Mittal is a nifty dividend payer. Based on a quarterly dividend of 19 cents, the stock's current yield is 3.8%.

    Arcelor Mittal has a 5-star rating from Morningstar. Out of 10 analysts covering the company, 3 have a strong buy, 5 have buy, and 2 have a hold rating. Wall Street has diverse opinions about the company's future. The average five-year annualized growth forecast estimate is 11.4%.

    So what's the fair value of Arcelor Mittal, given the forecast estimates? We can estimate Arcelor Mittal's fair value using discounted earnings plus equity model as follows.

    Discounted Earnings plus Equity Model

    This model is primarily used for estimating the returns from long-term projects. It is also frequently used to price fair-valued IPOs. The methodology is based on discounting the present value of the future earnings to the current period:

    V = E0 + E1 /(1+r) + E2 /(1+r)2 + E3/(1+r)3 + E4/(1+r)4 + E5/(1+r)5 + Disposal Value

    V = E0 + E0 (1+g)/(1+r) + E0(1+g)2/(1+r)2 + … + E0(1+g)5/(1+r)5 + E0(1+g)5/[r(1+r)5]

    The earnings after the last period act as a perpetuity that creates regular earnings:

    Disposal Value = D = E0(1+g)5/[r(1+r)5] = E5 / r

    While this formula might look scary to many of us, it easily calculates the fair value of a stock. All we need is the current-period earnings, earnings growth estimate, and the discount rate. To be as objective as possible, I use Morningstar data for my growth estimates. You can set these parameters as you wish, according to your own diligence.

    Valuation

    Historically, the average return of the DJI has been around 11% (including dividends). Therefore, I will use 11% as my discount rate. In order to smooth the results, I will also take the average of ttm EPS along with the mean EPS estimate for the next year.

    E0 = EPS = ($0.87 + $3.30) / 2 = $2.09

    Wall Street holds diversified opinions on the company's future. While analysts tend to impose subjective opinions on their estimates, the average analyst estimate is a good starting point. Average five-year growth forecast is 11.4%. Book value per share is $19.78. The rest is as follows:

    Fair Value Estimator

    V (t=0)
    E0
    $2.09

    V (t=1)
    E0 (1+g)/(1+r)
    $2.09

    V (t=2)
    E0((1+g)/(1+r))2
    $2.10

    V (t=3)
    E0((1+g)/(1+r))3
    $2.11

    V (t=4)
    E0((1+g)/(1+r))4
    $2.12

    V (t=5)
    E0((1+g)/(1+r))5
    $2.12

    Disposal Value
    E0(1+g)5/[r(1+r)5]
    $19.30

    Book Value
    BV
    $36.60

    Fair Value Range
    Lower Boundary
    $32

    Upper Boundary
    $68

    Minimum Potential
    61%

    Maximum Potential
    246%


    I decided to add the book value per share so that we can distinguish between a low-debt and debt-loaded company. The lower boundary does not include the book value. According to my 5-year discounted-earnings-plus-book-value model, the fair-value range for Arcelor Mittal is between $32 and $68 per share. At a price of $19.78, Arcelor Mittal is trading at a significant discount. The stock has at least 61% upside potential to reach its fair value.

    Peer Performance

    While most steel & iron companies have similar business profiles, their performance in the stock markets show some discrepancies. Compared to its U.S.-headquartered peers, Arcelor Mittal ranks among the worst performers in the market. Only U.S. Steel (X) performed worse than Arcelor Mittal. U.S. Steel's market cap was slashed by more than 50% in 2011. Even after returning 11.5% in this year, its annual performance was -45%.

    Nucor Corporation (NUE) suffered the least damage from negative investor sentiment on steel companies. Steel Dynamics (STLD) ranks somewhere in the middle of the group with annual returns of -20%. Based on the price to free-cash-flow ratio, Cliffs Natural (CLF) is the cheapest steel producer, as it is trading with a P/FCF ratio of 7.80.

    Performance Report

    Company
    Week
    Quarter
    Half Year
    Year
    YTD

    Cliffs Natural
    -1.74%
    11.43%
    29.23%
    -24.42%
    13.96%

    Arcelor Mittal
    -4.72%
    10.78%
    33.02%
    -43.44%
    9.71%

    Nucor Corporation
    -2.44%
    10.08%
    40.87%
    -3.42%
    9.05%

    Steel Dynamics
    -2.40%
    14.61%
    45.10%
    -19.88%
    11.56%

    U.S. Steel
    -0.03%
    18.63%
    35.68%
    -45.25%
    12.57%


    The companies in this list offer yields that range from 0.67% to 3.8%. U.S. Steel is the lowest yielder among its peers. Note that Arcelor Mittal is not the only steel company trading at a discount. Almost all the companies in this list are trading at single-digit forward P/E ratios. Nucor is the only one that has a double-digit forward P/E ratio of 10.52. Based on book value, MT is the cheapest steel producer with a P/B of 0.54. It is also trading with the lowest debt/equity ratio.

    Click to enlarge

    Technicals

    From a technical perspective, Arcelor Mittal is trading at an upward sloped channel. At the current valuation, it is trading near the middle of its 52-week range. The stock started the new year with strong bullish momentum, but it could not stay above $24, and retreated; $16 looks like a strong support level.

    Summary

    Based on the historical valuation metrics, Arcelor Mittal is trading at a discount. The trailing P/E ratio of 22 and P/B ratio of 0.5 are significantly lower than the 5-year average P/E ratio of 128, and P/B ratio of 1. Compared to the market's forward P/E ratio of 13.4, MT is significantly undervalued. The stock looks like a deep bargain, as it is trading with a forward P/E of 5.99.

    Steel companies are among the few losers of 2011 that failed to bounce back this year. Therefore, they could be good contrarian picks. Based on my FED+ valuation, MT is undervalued by almost 40%. The stock has at least 61% upside potential to reach its fair valuation range. Analysts also agree with me. While not as bullish as the model suggests, their target price of $28.47 suggest almost 50% upside potential. Note that, similar to other commodity producers, Arcelor Mittal's future growth is determined by its primary commodity output. If steel prices collapse, then MT might also suffer.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
  14. forum rang 10 voda 28 maart 2012 17:03
    ArcelorMittal to sell stake in Erdemir

    ArcelorMittal announced its intention to sell, through certain subsidiaries, 134,317,503 shares and a series of warrants in respect of 134,317,503 shares in Eregli Demir ve Çelik Fabrikalar by way of a single accelerated bookbuilt offering to institutional investors.

    ArcelorMittal currently owns 537,270,015 Shares in Erdemir representing approximately 25% of Erdemir's share capital. Following completion of the Transaction it is expected that ArcelorMittal will hold approximately 18.7% of Erdemir's share capital, decreasing to approximately 12.5% if all of the Warrants are exercised.

    Investors will be offered an equal number of Shares and Warrants. For every three Shares purchased, investors will receive one Series A Warrant, one Series B Warrant and one Series C Warrant. The Warrants will be transferable and freely tradable from the settlement date of the Transaction. ArcelorMittal intends the Warrants to be admitted to trading on the Open Market (Freiverkehr) segment of the Frankfurt Stock Exchange within 14 days of the settlement date.

    There is expected to be a total of 44,772,501 Series A Warrants, which will have a maturity of three months and a strike price that is 105% above the placing price of the Transaction, a total of 44,772,501 Series B Warrants, which will have a maturity of six months and a strike price that is 110% above the placing price of the Transaction, and a total of 44,772,501 Series C Warrants, which will have a maturity of approximately eight and a half months and a strike price that is 115% above the placing price of the Transaction.

    The Warrants will include customary Euro market anti dilution provisions (including full dividend protection) and will be exercisable for cash from the settlement date until 10 days prior to the relevant maturity date.

    Mr Aditya Mittal CFO and member of the Group Management Board for ArcelorMittal said “Erdemir is a strong business with excellent prospects. However, our stake has always been non core as we have never exercised any control. So this decision is very much in line with our declared Group strategy of focusing on core assets and reducing net debt. The shares freed up by this transaction will improve Erdemir's liquidity and attract a wider range of investors.”

    ArcelorMittal has agreed to a 365 day lock-up period (subject to customary exceptions) on its remaining stake in Erdemir.

    Bookbuilding will commence immediately and will be managed by Goldman Sachs International as Sole Bookrunner.

    Source - ArcelorMittal
  15. forum rang 10 voda 28 maart 2012 17:04
    ArcelorMittal rebar JV in northern Iraq moves to Erbil

    Global steel giant ArcelorMittal and Turkish partner Dayen now aim to build their planned northern Iraqi JV rebar mill with induction furnace in Erbil instead of in Sulaimaniyah on account of bureaucratic issues.

    As previously reported back in March 2010, the mill was initially planned to be commissioned in the last quarter of 2011 with an annual rebar production capacity of 400,000 tonnes to 500,000 tonnes following an initial phase with a capacity of 250,000 tonnes per year of rebar.

    Due to delays in the initial plan, groundbreaking is now expected to take place in early summer this year and the mill is predicted to start steel billet production in 12 months and rebar production in 16 to 18 months.

    Source - SteelOrbis
    Visit www.steelorbis.com for more
  16. forum rang 10 voda 29 maart 2012 16:11
    ArcelorMittal advies omlaag naar hold - SocGen


    AMSTERDAM (Dow Jones)--Societe Generale heeft het advies voor ArcelorMittal verlaagd naar hold van buy, omdat de analisten verwachten dat het Ebitda-resultaat in het tweede halfjaar niet veel hoger zal uitkomen dan in de eerste helft. Ze zien weinig opwaarts potentieel voor staalprijzen en ook inkoopkosten zullen naar alle waarschijnlijkheid prijsstijgingen in de nabije toekomst niet ondersteunen. Tot slot stellen ze dat de lage marges ook niet meehelpen. Het koersdoel gaat omlaag naar EUR16,50 van EUR20,00. Omstreeks 14.50 uur noteert het aandeel 0,3% hoger op EUR14,23, terwijl de AEX met 0,8% daalt. (LDF)


    Dow Jones Nieuwsdienst: +31-20-5715200; amsterdam@dowjones.com
  17. forum rang 10 voda 29 maart 2012 16:15
    ArcelorMittal advies omhoog naar neutral - Exane BNP


    AMSTERDAM (Dow Jones)--Exane BNP Paribas heeft het advies op ArcelorMittal (MT.AE) verhoogd naar neutral van underperform. De analisten maken uit de verkoop van het belang in het Turkse staalbedrijf Erdemir op dat het management serieus bezig is met schuldvermindering. Om die reden is het neerwaarts risico beperkter geworden, terwijl de analisten aan de andere kant wel voorzichtig blijven over de staalsector. Het koersdoel gaat naar EUR15,00 van EUR14,00. Het aandeel is woensdag gesloten op EUR14,18. (LDF)


    Dow Jones Nieuwsdienst: +31-20-5715200; amsterdam@dowjones.com


  18. forum rang 10 voda 29 maart 2012 16:55
    Steel minister concerned over rising domestic steel prices in India

    Economic Times reported that concerned by the runaway rise in steel prices, Mr Beni Prasad Verma union minister for steel held a meeting on Tuesday with senior ministry officials and chairman of the Steel Authority of India to discuss rising domestic steel prices.

    Despite a fall in coking coal prices, a key expensive import in steel making, steel makers have increased prices of the metal during the current financial year.

    Steel prices have risen 8.5% between first quarter and fourth quarter of the current financial year, while coal prices have softened nearly 30% or USD 100 a tonne. Iron ore prices though has risen 13% between the first quarter and third quarter, but softened by 3% only in the fourth quarter.

    According to the data available with the ministry, domestic steel price of HR coils is INR 3,900 per tonne more expensive than the landed cost of imported HR steel, despite the fact that the marginal increase (USD 17 per tonne) in international prices was offset by a strengthening rupee.

    Long steel manufactured locally now costs INR 4,545 per tonne more than its imported equivalent, according to the ministry, which is disputed by the industry.

    While between April 2011-Feb 2012 TMT prices (10mm long steel in Delhi) have risen 8.5% (from 43110 to 46790), the previous year it had only risen 2.6% (40890 to 41990). HR coils (2.5mm) this year rose 6% (43860-46490) as against near flat prices (45090-45250) the previous year.

    In Tuesday's meeting SAIL is said to have informed the ministry that it the higher excise duty resulted in an impact of INR 800 per tonne to INR 1,000 per tonne and increase in freight charges have added another INR 400 per tonne to INR 500 to a tonne of steel.

    Source - Economic Times
  19. forum rang 10 voda 29 maart 2012 16:57
    Downsizing deals - 1000 jobs hit as Duferco to close Belgium plant

    Reuters reported that Swiss based steel group Duferco will permanently close its steel plant near Charleroi in Belgium, affecting about 1,000 employees.

    Duferco said in a statement that “Looking at the international context, the instability of the market, the European crisis and the weak competitive position of Carsid, all the company efforts didn't allow for a restart, even a partial one.”

    The group said four potential takeover candidates were not interested and the site would be permanently shut.

    The Carsid site at Marcinelle had been idle since late 2008 while Duferco evaluated options for the plant.


    It is the second closure of steel facilities in Belgium in the past six months. In October, ArcelorMittal said that it would permanently close its two blast furnaces and a foundry in Liege, Belgium, affecting an estimated 500 employees.

    Source - Reuters
  20. forum rang 10 voda 29 maart 2012 17:12
    Studies confirm 2.14 billion tonnes iron ore deposit in Mato Grosso

    BNamericas reported that preliminary studies have confirmed the existence of an iron ore deposit in Brazil's Mato Grosso with total resources of 5.29 billion tonnes grading 40.5% containing 2.14 billion tonnes.

    Mr Jocy Gonçalo de Miranda head of the national minerals production department DNPM in the state told BNamericas that the deposit, which is being developed by local firm IMS Mineração, is located in Juína city, 743 kilometers northwest of state capital Cuiabá.

    Test work on Juína has taken six years and the feasibility studies, which are underway, are expected to be ready in June 2013. The Juína iron ore deposit has been compared to Carajás, in Pará state. The Carajás complex, owned by local mining giant Vale, hosts the largest iron ore mine in the world with high quality ore grading 65%.

    Mr Miranda said that "The Juína deposit has iron ore with an average grade of 40%. Although Carajás hosts 65%, this grade is very interesting and will produce a substantial amount of quality raw material."

    According to the RDM report, the biggest obstacle to developing Juína is the lack of logistics and it is still not clear how the ore could be transported.

    Mr Miranda said that "Highways are not an option. They are much more expensive and time consuming and existing state roads would not support this additional burden. A new waterway is one of the options being considered, using the Juruena river. But it would be necessary to build a pipeline to bring output to the waterway and in some parts we would need to deepen the river channel for the ferries. There would be economic and environmental costs."

    According to Mr Miranda, the best alternative is to transport the output through the Centro Oeste railroad. Although the railway does not reach Juína, it could be extended in the future. The best ports for shipping the material are Santarém (Pará), Ilhéus (Bahia) and Santos (São Paulo).

    Source - Business News Americas
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