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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,800 18 apr 2024 17:35
  • +0,290 (+1,23%) Dagrange 23,560 - 23,960
  • 2.676.573 Gem. (3M) 2,4M

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35.173 Posts
Pagina: «« 1 ... 126 127 128 129 130 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 21 augustus 2014 16:50
    Moody upgrades outlook for Asian steel industry

    Moody’s has adjusted its outlook for the Asian steel industry to stable from negative reflecting its positive expectations for the industry over the next 12 months.

    The ratings agency said that it would consider changing the outlook to positive if the average profitability of major Asian steelmakers climbs 15% over the coming year.

    Moody’s said that “We believe the profitability of Asian steel manufacturers bottomed out early this year and will increase moderately YoY in the next 12 months. The improvement will come as demand growth outpaces net capacity increases in China and drives higher utilization rates and as raw material costs continue to decline.”

    Moody’s said that China’s steel production capacity would likely be flat this year and the next, mainly due to the slower addition of new capacity by steel mills and Beijing’s bid to accelerate the weeding out of inefficient capacity and retirement of old mills. This will be the key driver of the expected increase in capacity utilization and profitability.

    The agency’s remark came as steel mills in the region have gradually increased their production at a time when prices of major steel products have fallen 2% since the middle of last month, while iron ore prices remained relatively stable at about USD 95 per tonne.

    Industry experts said that the trend is likely to continue through this quarter and the next, as the global steel supply remains relatively abundant compared with demand. However, Chinese government’s determination to rein in its market’s oversupply problem could be the wild card next year.

    Source – Taipei Times
  2. forum rang 10 voda 21 augustus 2014 16:51
    Brazil steel distributors give pessimistic outlook for this year

    Reuters reported that sales of flat steel products in Brazil will remain sluggish this year, making distributors pessimistic about the outlook for prices and profit margins.

    Mr Carlos Loureiro president of industry group Inda said that “Mills are struggling with smaller orders and distributors fear that weak demand for plates and slabs could lead to more unwanted inventory unless industrial activity improves. The lousy performance of car makers and machinery manufacturing is hurting sales and margins for distributors, making the outlook for prices rather uncertain at this point.”

    Mr Loureiro said that “The numbers only confirm the depth of a crisis in the domestic steel industry, which is suffering from cost inflation and a stagnant economy. Unwanted inventory remains too high at current levels. The ideal inventory right now is around 2.5 months of sales.”

    Source – Reuters
  3. forum rang 10 voda 21 augustus 2014 16:58
    Iranian crude steel output up by 8.6pct in 4 months

    Tehran Times reported that Iran produced 5.582 million tonnes of crude steel in the first four months of the current Iranian calendar year, which began on March 21 an 8.6% rise YoY.

    Iran produced 15.64 million tonnes of crude steel in the previous Iranian calendar year.

    Iran’s crude steel production is projected to increase to 55 million tonnes by the end of the Fifth Five Year Development Plan (2015). Iran was the biggest producer of crude steel in the Middle East in 2013.

    Source – Tehran Times
  4. forum rang 10 voda 21 augustus 2014 16:59
    Outlook bearish for global steel and iron ore

    Business Line reported that steel prices will continue to be under pressure as China continues to produce surplus and holds excess capacity. This has also resulted in steel futures falling to a record low on the Shanghai exchange.

    According to Capital Economics, steel demand was almost flat in the H1 of the year, with data for July showing 3% fall compared with the same period a year ago. This should be bad news for China’s steel industry, which was already suffering from overproduction and overcapacity.

    Despite the gloomy outlook, Chinese mills continue to increase production since iron ore prices have dropped by 30% to below USD 100 per tonne. In July alone, China’s output was higher by 11%. Rebar steel futures on Shanghai Futures Exchange fell to a record low of USD 489 per tonne, though they recovered a tad towards the end.

    Steel prices and iron ore prices have been mainly undone by the property sector in China showing no signs of revival. The construction sector, including infrastructure, accounts for over 50% of the steel demand in China.

    The weakness in the real estate sector is evident from the fact that prices for houses have dropped for the third consecutive month in China during July. The fall has come despite policies being eased for property purchases in some Chinese cities.

    Analysts see steel bar prices dropping to levels of USD 475 before finding any support. Given the fact that the US is showing signs of recovery and Chinese mills building inventories, iron ore may have bottomed out and could begin to stabilise.

    The result of the fall in steel bar prices is that iron ore contracts have declined. Contracts that are to be delivered in January closed at USD 106.48 a tonne, after having slipped to below USD 106 at one point of time on Tuesday on the Shanghai Exchange.

    Source – Business Line
  5. forum rang 10 voda 21 augustus 2014 17:00
    Japan's demand for construction steel to increase in August

    It is expected that Japan’s steel demand in construction industry will remain strong with the anticipation of a rise of 11.2% in August compared to the same month of last year.

    Demand for construction steel is expected to be around 2.05 million tonnes in August, as it would give chances to distributors to boost their prices.

    Japanese demand has been increasing due to rebuilding activity in the major earthquake damaged area. Besides, the selection of Tokyo as host of the 2020 Olympic Games also provided a spike in steel demand.

    Source - www.yieh.com
  6. forum rang 10 voda 21 augustus 2014 17:01
    Strike disrupts shipments from the world's biggest iron ore port

    Business Times reported that tugboat crews, including deckhands paid more than some New York bankers, are threatening to disrupt shipments from the world's biggest iron ore port as they negotiate for increased wages and improved conditions.

    According to BHP Billiton, the world's largest mining company, Australian iron ore miners may collectively lose about AUD 100 million a day as a result of stoppages at Port Hedland. The port exports about half of the nation's shipments, forecast to reach AUD 76.5 billion in the year up to end June 2015.

    Mr Michael McCarthy, a chief strategist at CMC Markets in Sydney, said that "Any tightening of supply, particularly at current levels, could see an iron ore price reaction that might offset any short-term revenue losses. It's not an overwhelming negative."

    Iron ore prices sank last week to the lowest level in almost 2 months as a credit gauge in China plunged, adding to risks that demand will slow from the world's biggest buyer of the raw material. BHP said in May that its mining operations may start winding down after two days of any strike because stocks at the port were reasonably high.

    Source – Business Times
  7. forum rang 10 voda 21 augustus 2014 17:02
    South Africa's iron ore output down 1.2pct in June

    According to the preliminary data released by Statistics South Africa, in June this year the seasonally adjusted index of iron ore mining production in South Africa decreased by 5.8% while the country's manganese ore production index decreased by 0.9% both compared to May. On the other hand, in the given month South Africa's nickel production increased by 9.6% MoM.

    On YoY basis, in June this year South African iron ore production fell 1.2% manganese ore production increased by 30.7% while the country's nickel output expanded by 15.3%.

    Furthermore, the country's seasonally adjusted iron ore sales at current prices in May this year decreased by 14.3% compared to the previous month, to ZAR 4.9 billion while the seasonally adjusted nickel sales value at current prices increased by 81.1% in May compared to April, amounting to ZAR 1.01 billion. South Africa's seasonally adjusted manganese ore sales in May at current prices totaled ZAR 1.33 billion down 9.1% MoM.

    The YoY percentage change at current prices in May this year was down 5.9% in iron ore sales, was up 97.3% in nickel sales and was down 8.9% in manganese ore sales.

    Source - www.steelorbis.com
  8. forum rang 10 voda 21 augustus 2014 17:03
    ArcelorMittal SA fulfils a pivotal role in wind energy sector in South Africa

    It is reported that ArcelorMittal South Africa has over the last few years fulfilled a pivotal role in the wind energy sector by providing high strength structural steel for wind towers and concrete-reinforcing bars for foundations.

    The company is now preparing to grow this part of the business by working in partnership with all tower manufacturing facilities in South Africa.

    These facilities include DCD Wind who commissioned their facility in Coega recently and has the capacity to produce 110 towers per year and Gestamp Renewable Industries who is in the process of constructing a wind tower manufacturing facility in Atlantis in the Western Cape. This facility will have the capacity to produce 150 wind towers per annum.

    As part of ArcelorMittal South Africa’s strategy to increase supply of the very heavy plates required by wind towers, the company is also in the process of finalising the upgrade of its Plate Mill to produce plates of up to 11 tonne of steel. This upgrade is planned for the Q4 of 2014 and the production of heavier plates will commence from January 2015. This project will not only enable the company to increase throughput, but also to increase market share by reducing the need to import these heavy plates.

    Mr Jan Kotze, Product Manager for Plate & Renewable Energy Projects at ArcelorMittal South Africa, said that “At the same time ArcelorMittal South Africa is undergoing discussions with some of the major International Wind Tower OEM’s like Nordex, Siemens and Vestas to supply steel for more wind farms in rounds two and three of government’s renewable energy initiative.”

    Mr Kotze said that “ArcelorMittal South Africa’s role in round two of the wind energy programme is to supply steel for 20 wind towers to a Vestas Wind Farm called the Grassridge Wind Energy facility situated in Eastern Cape. The total requirement for these towers were 3,000 tonne of steel where ArcelorMittal South Africa have provided 2,200 tonne and the remaining 800 tonne have been imported from Gigon in Spain.”

    Mr Kotze added that “Steel is used to create more than 80% of the components required to build wind turbines. Valued for its strength, flexibility and durability in the field, steel is also 100% recyclable, making wind energy truly renewable.”

    Round one of the wind energy programme to supply 634 MW of wind energy was initiated in 2013 and will reach completion in 2015. This round involves building eight wind energy farms across the Eastern and Western Cape. These include Dassieklip Wind Energy, Metrowind; Van Stadens, Hopefield Wind Farm; Noblesfontein; Red Cap Kouga Wind Farm; Oyster Bay, Dorper Wind Farm; Queenstown, Jeffrey’s Bay Project and the Cookhouse Wind Farm.

    Round 2 of the wind energy programme, comprising of 7 wind energy projects, is currently underway and will see 565 MW of wind energy generated upon completion of the project.

    Round 3 of the wind energy project to produce 787 MW of wind energy, targets 7 projects and will reach completion post 2016.

    The provision of wind energy projects forms part of the Governments Integrated Resource Plan (IRP) which aims to supply a total of 3,725 MW of renewable energy by 2016 and 17,800 MW by 2030. South Africa has fair wind potential especially along the coastal areas of the Western and Eastern Cape and is a prime location to implement wind energy which forms part of the government’s renewable energy strategy to manage electricity usage and reduce the use of coal as an energy source.

    Source - www.cbn.co.za
  9. forum rang 10 voda 22 augustus 2014 14:18
    Ukrainian void in steel remains vacant and shrouded in ambiguity

    After much ado about the stoppage of shipment from Black sea in the aftermath of political slugfest between Russia and Ukraine it is learnt most of the mills have declared force majeure recently. Perilously sensational news should have ordinarily put the market in turbulence with prices skyrocketing on shortage. However fluidity of the market and timidity of demand has made it pass as bubble.

    Definitely undercurrents of possible polarization of dynamics are building up but the moment of reckoning still eludes the market. There is perceptible increase in enquiries with mills in India, Russia and China but it yet to translate into feverish transactions. Amidst definite signs of revival in USA demand from nearby markets remains slow as Middle East awaits passage of summer and Europe sulks under parity disadvantage with weak Euro.

    Omnipresent threat of Chinese invasion is a reality since Chinese mills are churning out volumes with impunity without any domestic appetite. Export has been rollicking from China climbing by 43% in July. Chinese mills have been pilfering import orders in Middle East at the cost of Indian and Russian mills. Latest reports indicate concluded transactions in UAE at USD 533 per tonne CFR against offers of USD 550-555 per tonne from other mills.

    Russian mills have hiked their offer levels by USD 40 per tonne price levels primarily for orders from USA since it is meaningless in nearer destinations of Middle East and Europe. Indian mills on the hindsight have slight edge over the Chinese mills with short lead time for delivery and better quality but the differential cannot withstand the greed for cheaper material.

    Coming day promises to be eventful with buying opening up before winter and hike in scrap levels pushing rebar offer levels from Turkey. Low price of input materials viz., iron ore, coke and scrap has provided that extra elbow room to Chinese and Indian mills compete with each other for the pie in Europe and Middle East. However the balance is likely to tilt in favor of the Chinese who have uped the heat on Indian mills in their domestic market. Indian mills on the other hand would like to take advantage of shorter delivery time as takes month for delivery from India compared to 3 months from China.

    Source – Strategic Research Institute
  10. forum rang 10 voda 22 augustus 2014 14:20
    Japan crude steel output drops for fourth month on soft demand

    Reuters reported that Japan's crude steel production fell slightly in July from a year earlier, marking four straight months of decline, as an increase in sales tax in April and labour shortages continued to hit demand.

    The Japan Iron and Steel Federation said that crude steel output slid by about 2,000 tonnes to 9.295 million tonnes in July from a year earlier. The drop contrasted with a 0.9% increase predicted for the July to September quarter by Japan's trade ministry early last month.

    A researcher at the Federation said that "Overall demand stayed soft due to the sales tax hike while labour shortages curbed construction demand. But we see a pickup in some products such as wide strips and small steel bars. We expect crude steel production to turn to a year-on-year increase from August.

    Output of wide strips, mainly used for automobiles and electrical appliances, rose 3.8% from a year earlier, logging the first increase in 4 months. Production of small steel bars, used for construction, rose 1.9% in what was their first climb in 5 months.

    Source – Reuters
  11. forum rang 10 voda 22 augustus 2014 14:22
    Hyundai Steel develops new heat resistant and less toxic plate

    Hyundai Steel, the nation’s second largest steelmaker, has developed a highly heat resistant colored steel sheet that doesn’t burn easily and produces less toxic gas.

    The affiliate of Hyundai Motor Group said that it is the first Korean company that has developed such a product.

    Hyundai Steel said that its product, which is mainly used in construction and electronics, is coated with ceramic type nonflammable paint, which prevents the spread of fire and minimizes the production of poisonous gas when there is a fire.

    The company said that it received the top rating in a flame test from Korea Conformity Laboratories, becoming first construction colored sheet product to do so.

    Source – Korea Joongang Daily
  12. forum rang 10 voda 22 augustus 2014 14:23
    Sweden's crude steel output plunges in July

    According to data released by the Swedish Steel Producers' Association, Sweden’s crude steel output totaled 233,800 tonnes in July, plunging by 43.6% from a month ago and dropping by 17.1% YoY.

    During the first 7 months, the country produced around 2.67 million tonnes of crude steel up by 4.3% compared to the same period a year ago. In the first quarter of this year, the country’s crude steel production amounted to 1.19 million tonnes up by 7.7% YoY.

    Source - www.yieh.com
  13. forum rang 10 voda 22 augustus 2014 14:24
    ArcelorMittal and CFL cargo repeating feat achieved at beginning of last year

    This summer sees ArcelorMittal and CFL cargo repeating the feat achieved at the beginning of last year. 14 more jumbo beams were transported by CFL cargo from ArcelorMittal Differdange to Dresden for use in the construction of a railway bridge by German rail company Deutsche Bahn.

    The beams, from the Grey mill in Differdange, are exceptional in terms of their size: each one is 60.6 meters long. To produce them, two beams measuring 37 meters and 23 meters in length were welded together at ArcelorMittal’s finishing centre for beams and sheet piles (centre de parachèvement poutrelles et palplanches, C3P) in Differdange.

    In compliance with strict quality standards imposed by Deutsche Bahn, the beams underwent numerous inspections, with particular attention being paid to the welds, which were examined with ultrasound and X-rays to detect any defects.

    Mr Frederic Weissenburger, production engineer at the C3P finishing centre said that “These beams bear testimony to our expertise and our ability to rise to our clients’ challenges.”

    In addition to the manufacturing of the beams, the transport by rail of these 14 jumbo beams, which tip the scales at nearly 190 tonnes, is a challenge in itself. CFL cargo’s task consisted of planning the transportation of this exceptional load, while taking into account the scale of the beams. The loading of the wagons, specially designed for transporting these oversize beams, has to be undertaken with extra care to ensure that the train can travel smoothly throughout its journey from Differdange to Dresden.

    As an ultimate constraint, the delivery must be made just in time in other words, the beams must arrive at the site precisely when they are needed for installation, as it is impossible to store them in the vicinity of the bridge currently under construction.

    Mr Fritz Crelo CFL cargo’s loading expert and head wagon inspector, points out said that “This second delivery proves that the success of last year’s operation was no mere coincidence. CFL cargo is an European leader in the transport of extra long beams an expertise that sets us apart from our competition.”

    Source – Strategic Research Institute
  14. forum rang 10 voda 22 augustus 2014 14:25
    ArcelorMittal has invested USD 267 million past four years in its site in Duisburg

    ArcelorMittal has invested around USD 267 million in the past four years in its site in Duisburg, Germany, of which USD 180 million was spent on a state of the art wire rod mill. The new wire rod mill can process high strength and ultra high strength steels, using the latest technologies to enable thermo mechanical rolling processes. A new factory laboratory has also been installed alongside the rod mill, to assure the quality of the products.

    ArcelorMittal continues to invest in the Ruhrort site as well. The changeover to a symmetrical format for continuous casting line two offers customers in the automotive supply sector high quality steel ingots for producing forgings. For example, these include gearbox parts, which create less vibration in the engine and therefore reduce noise emissions.

    Mr Thorsten Brand CEO at ArcelorMittal Duisburg said that "We are investing USD 8.6 million in the format change in order to adapt the plant to future requirements and to increase our competitiveness. After construction of the new wire rod mill, this is the next step towards securing the future of jobs and steel production in Duisburg."

    Source – Strategic Research Institute
  15. GVteD 22 augustus 2014 16:08
    ArcelorMittal SA (ADR)(NYSE:MT)currently mining and shipping 5 million tonnes of iron ore a year in Liberia from its operations in Yekepa and Buchanan (described as phase 1).The company is also working on an expansion project (described as phase 2) that will see shipments rise to 15 million tonnes of iron ore with first production planned by the end of 2015
  16. forum rang 7 mvliex 1 5 september 2014 12:23
    ArcelorMittal levert staal voor Panamakanaal

    Gepubliceerd op 5 sep 2014 om 12:15
    PANAMA-STAD (AFN) - De uitbreiding van het Panamakanaal is goed nieuws voor staalreus ArcelorMittal. Het aan de Amsterdamse beurs genoteerde bedrijf leverde onlangs 192.000 ton staal af ten behoeve van de werkzaamheden. Dat maakte ArcelorMittal vrijdag bekend.

    Sinds de start van de uitbreidingswerkzaamheden leverde de Mexicaanse tak van ArcelorMittal al 242.000 ton staal af in Panama. Onder meer wordt het staal verwerkt in een nieuwe set sluizen. Daarmee moet de capaciteit van het Panamakanaal worden opgeschroefd, zodat aan de toekomstige eisen van de zeevaart kan worden voldaan. ArcelotMittal is ook in de race om staal te leveren voor nog een set sluizen. Daarvoor is naar verluidt 121.000 ton staal nodig. Met die hoeveelheid zouden twaalf Eiffeltorens kunnen worden gebouwd.

    De uitbreiding van het kanaal moet eind 2015 zijn afgerond, een halfjaar later dan de opleveringsdatum die eerder werd gemeld.
  17. [verwijderd] 6 september 2014 23:12
    JSW Steel, ArcelorMittal in talks to acquire Italy’s largest steelmaker Ilva steel plant
    Megha Mandavia, ET Bureau Sep 5, 2014, 03.24PM IST

    Tags:
    Saajn Jindal|Mittal|JSW Steel|Italy|europe|environment|Deal|acquisition

    (Ilva is amongst the largest…)
    MUMBAI: Race to buy troubled steel plants in Italy has pitted Indian business tycoon Sajjan Jindal against global steel magnate Lakshmi Mittal. Jindal's JSW Steel and world's largest steelmaker ArcelorMittal are both in talks to buy Italy's largest steelmaker Ilva steel plant and second-largest Lucchini SpA. JSW Steel has written a letter to Ilva's special commissioner Piero Gnudi expressing interest in the company, according to Reuters News.

    The Indian company has also been in talks to buy parts of insolvent Lucchini for the past few months. ArcelorMittal, too, has been vying to get a hold of these problematic but low-priced assets. While the heavily-indebted Lucchini went bust in 2012 amid falling steel prices and economic recession, Riva family's Ilva steel plant was hit by a massive scandal for allegedly causing serious health concerns in the region by flouting environment laws. Both the targets have been placed under 'special administration' by the Italian government to avoid their closure and job cuts.

    Mittal is known for turning ailing companies into profit centres, but industry insiders say that Jindal will put up a tough fight to get the Italian assets. "Mittal definitely has advantage over any Indian player by having experience in Europe and good relations with the government. He also understands the work culture there," said an industry source.

    "But Jindal is a quick decision maker and one can be rest assured that he will drive a hard bargain. Looking at JSW Steel's Indian acquisitions, one knows that he has a vision to look beyond price." Mail sent to JSW Steel remained unanswered as of press time. JSW Steel acquired loss-making Ispat in 2010. It not only made it profitable but is now expanding capacity as well. The firm recently bought another loss-making company Welspun Maxsteel, which has a huge land bank. It is right next to Ispat, improving synergy between the two plants.

    Some, however, expressed concern over Jindal's unsuccessful acquisitions in the United States. JSW Steel paid $900 million in 2007 to buy three steel plants in the US that made plates and pipes with an aim to cater to the growing oil and gas sector in America. But the optimism turned out to be misplaced with the onslaught of global recession thereafter.

    "JSW Steel's experience to turn around companies has been mixed. Their overseas track record is not great. While they have been able to turn around sick units in India after buying them cheap, they have not been successful in turning around their US mill complex," said an analyst with a foreign brokerage, who declined to be named.

    Bankers are also concerned about JSW Steel taking chance with sick units in a weak European economy. "As a lender, who has already seen the pain Tatas are going through because of Corus, why go to Europe? Italy and Greece are dying economies and it will take another 25 years to come back," said an investment banker.

    "I strongly believe this is a wrong time. Maybe the asset is very cheap but what is there to gain?" Bankers say JSW Steel will find it tough to get a free hand to revive the sick units with the government looking to contain job losses as the economy entered recession last month. Ilva steel plant is one of the largest employers in southern Italy while Pope Francis himself has appealed to save jobs at Lucchini.
35.173 Posts
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