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voda 20 mei 2012 om 17:14

Iran vows to become largest crude steel producer in MEA

Iranian Minister of Industry, Mine and Trade Mr Mehdi Ghazanfari said that Iran will become the largest producer of crude steel in the Middle East and north of the Persian Gulf, citing the planned investment in the sector.

With Iran's annual steel output stands at 14 million tonnes, Ghazanfari announced the country’s plan to add about 20 million tonnes to the concentrate and pellet production capacity of the Iranian eastern province of Khorasan Razavi, which will emerge as one of the country’s steel production hubs.

Mr Ghazanfari further said that for the time being, Iran is ranked as the second largest economy in the Middle East and North Africa in terms of gross domestic product.

The minister also said Iran is among the world’s 10 leading mineral rich countries.

Source - panarmenian.net

[verwijderd] 21 mei 2012 om 09:13

China Buyers Defer Raw Material Cargos

Chinese consumers of thermal coal and iron ore are asking traders to defer cargos and – in some cases – defaulting on their contracts, in the clearest sign yet of the impact of the country’s economic slowdown on the global raw materials markets.

www.cnbc.com/id/47498211

voda 21 mei 2012 om 16:21

ArcelorMittal schrapt uitbreiding in Brazilië

Gepubliceerd op 21 mei 2012 om 15:34 | Views: 222

RIO DE JANEIRO (AFN) - Staalconcern ArcelorMittal heeft een geplande uitbreiding ter waarde van 1,5 miljard dollar in Brazilië op de lange baan geschoven. Dat zei de topman van het bedrijf in Brazilië, Benjamin Baptista, maandag tegen zakenkrant Valor Economico.

Het uitstel volgt op de conclusie van ArcelorMittal dat de vraag naar staal in het Zuid-Amerikaanse land niet snel genoeg groeit. Daarnaast zijn de vooruitzichten voor de staalsector vanwege de Europese schuldencrisis ,,zwak'', aldus Baptista.

ArcelorMittal was van plan een walsdraadfabriek te bouwen in Monlevade en een productielijn voor specialistische metalen in Vega do Sul. Het staal uit Monlevade zou worden gebruikt voor de productie van onder meer spijkers en schroeven, de producten uit Vega do Sul waren bestemd voor de autoindustrie.

voda 21 mei 2012 om 16:38

China daily crude steel output in early May hit 2.0453 million tonnes - CISA

According to China Iron and Steel Association, the daily crude steel production of its members in early May stood at 1.698 million tonnes and that for the whole nation is expected to be 2.0453 million tonnes.

Source: www.steelhome.cn/en
China steel information centre and industry database

voda 21 mei 2012 om 16:49

ArcelorMittal Temirtau workers demand salary hike

AP reported that Workers at a Kazakhstan plant owned by Luxembourg based steel giant ArcelorMittal have held a demonstration to demand higher salaries.

Local news portal eKaraganda.kz said around 3,000 workers took part in the Temirtau demonstration.

The company said that Saturday rally in the industrial town of Temirtau was legal and that an official from ArcelorMittal personnel department met with workers to discuss their grievances.

Any signs of industrial dispute have been greeted with intense caution in Kazakhstan since a long running sit in demonstration over salaries in a western oil town culminated in December in deadly riots.

Trade unions are seeking a 30% wage rise, but ArcelorMittal management says that is unfeasible and that it has to take reduced industrial output into account when considering pay increases.

Source - AP

thorgal 21 mei 2012 om 17:44

In Temirtau zijn er 2 dagen geleden 3 werknemers gestorven.

voda 22 mei 2012 om 16:50

World crude steel production update for April 2012

World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 128 million tonnes in April 2012, an increase of 1.2% compared to April 2011.

The world crude steel capacity utilization ratio for the 62 countries in April 2012 remained nearly unchanged at 81.1% compared to March 2012. It was 1.7 percentage points lower compared to April 2011.

Source - Worldsteel.org

voda 22 mei 2012 om 16:54

CAPEX cuts - ArcelorMittal suspends Brazil expansion plan

Mr Benjamin Baptista president of ArcelorMittal's Brazil unit in a Valor Economico newspaper report said that ArcelorMittal has suspended a USD 1.5 billion Brazilian expansion plan for lack of demand.

Mr Baptista told Valor that demand for steel is not expanding fast enough in Brazil and the outlook for global demand in the face of Greece and Europe's debt problems is weak.

ArcelorMittal had planned to build a USD 1.2 billion wire rod plant at its mill at Monlevade and a specialty steel production line at its mill at Vega do Sul in Brazil.

Valor reported, citing Mr Baptista that flat steel demand in Brazil fell 1% and long steel demand rose 4% in the first quarter. Valor said that in April, however, steel distributors recorded a 10% drop in sales and rising stocks, and imports rose 25%

Source - Thomson Reuters

voda 22 mei 2012 om 17:01

ArcelorMittal Temirtau to raise wages by 7pct

Interfax reported that the management ArcelorMittal Temirtau a division of steel major ArcelorMittal plans to raise wages for its miners in line with the level of inflation for 2011.

ArcelorMittal Temirtau said in a statement that management is proposing to index rates and salaries by the full level of inflation for 2011 or 7.4% as of May 21 introduce an additional monthly bonus of 2.6% if the monthly target for shipments is met and return to negotiations on wage increases on September 1 2012.

The statement said union leaders have not agreed to the management's proposal, but the company is prepared to continue negotiations with unions.

ArcelorMittal Temirtau workers held a rally in the city of Temirtau on Saturday to demand higher wages.

The company said "The rally by steelworkers and miners took place within the bounds of the law. JSC ArcelorMittal Temirtau human resources director Dmitry Pavlov spoke at the rally on behalf of management."

Mr Pavlov was quoted as saying the statement that "This week we reported on the results of the company's operations in the first quarter of 2012. Shipments of finished product fell by 8.8% compared to last year amid weak demand on export markets. We lost the biggest market in the Middle East, and the crisis in Europe has led to stiffer competition and a decline in prices for steel products. In this situation, demands for higher wages must correspond to the company's realistic abilities."

Source - Interfax

voda 23 mei 2012 om 17:08

Siemens to modernize main drives in two hot rolling mills of ArcelorMittal in Europe

Siemens has won an order to replace existing DC main drives in finishing mills with more powerful AC systems in the ArcelorMittal plants in Dunkirk, France, and Ghent, Belgium.

The two projects are part of comprehensive modernization plans for boosting productivity and reducing costs, within the scope of which the two hot rolling mills are also to be modernized for the processing of steel grades that demand more sophisticated production technology.

The drives will be modernized in several stages during scheduled annual maintenance stoppages, and completion is expected by the end of 2016. The first conversion work is planned for late 2012 and subsequently on a yearly base.

In the finishing mills of the two hot rolling mills of ArcelorMittal, a total of 13 stands are to be modernized. Siemens will supply the motors, converters and transformers for this, and will handle installation supervision, commissioning and customer training. To achieve maximum possible standardization, the same Sinamics SM150-based converter technology will be used in both plants. In Dunkirk, each stand has three DC machines in series. Adapting the existing structural environment presents a special challenge. Siemens had to design a single AC motor with a higher total power but outer dimensions which makes the motor fit on the same foundation as a single DC machine. The solution is twelve-megawatt compact machines, which will be used for the first time.

The finishing line in Ghent has a 14-megawatt pedestal bearing machine to meet higher requirements regarding achievable rolling torques. The modernization projects will be carried out jointly by the Siemens Competence Center for electrical and automation engineering in the steel industry in Erlangen, and Siemens Belgium.

The integrated production complexes of ArcelorMittal Atlantique in Dunkirk, and ArcelorMittal in Ghent, belong to the Flat Carbon Europe Division. The Dunkirk site has an annual capacity of 4.7 million tons of hot strip.

Siemens will modernize the drives of seven finishing stands here in a total of four steps. Initial work on one of the mill stands is planned for December 2012. ArcelorMittal Ghent has a wide hot-strip mill and produces around five million tons of flat steel a year for applications in the automobile industry and domestic appliance industries, for example. In Ghent, a total of six finishing stands will be modernized in three stages, the first in December 2012 within just twelve days shut down time.

Source - Siemens

voda 24 mei 2012 om 16:53

Fitch analysts provides insights into Chinese steel sector

Mr Matt Jamieson spoke with Su Aik Lim, Fitch's Asia Pacific steel sector analyst based in Hong Kong, about China's steel industry and specifically the recent anomaly of record production levels following record losses.

Mr Jamieson is Head of APAC Research in Fitch's Corporate Ratings Group.

Su Aik explains that a combination of seasonal factors and slower economic growth negatively affected the steel makers' profitability in Q111, and he expects China's steel industry production growth to decelerate to below 5% in 2012 from 7% in 2011.

Matt: According to the latest release by China's National Bureau of Statistics, Chinese crude steel production again crossed the 60 million tonne level to 60.6 million tonne in April after March's monthly record high of 61.6 million tonne. However, the China Iron and Steel Association noted that the steel industry reported record losses in Q112 due to low steel prices and weak steel demand. Do the high output levels reported in April have anything to do with central government control over the industry, particularly given that it owns nine of the top 10 largest steel groups which produce close to 50% of China's total crude steel production?

Su Aik: On the contrary, the central government of China is cognizant of the Chinese steel industry's over capacity problem and has prohibited new capacity expansion. However, development of the steel sector is strongly supported by the local city or county governments since the sector is an important employer and tax revenue contributor.

Furthermore, while the central government sets the policy regulating and supporting the steel industry, it does not dictate the operation of the steel companies. For example, it is not uncommon to see state-owned steel companies producing the same products and competing intensely with each other for market share. Besides, the central government only directly owns three of these steel groups, which total 20% of China's crude steel production.

Matt: How then can we explain why the Chinese steel manufacturers were willing to continue with high production levels in April after reporting losses during Q1?

Source - Reuters

voda 24 mei 2012 om 16:56

ArcelorMittal ready to meet changes in auto sector

During the 8th Platts/SBB Steel Markets Europe conference held in Brussels on May 21-22, Mr JM Van der Hoeven vice president and chief marketing officer of ArcelorMittal Flat Carbon Europe, discussed the current changes the auto market is going through and the response of the leading global steel producer to these changes.

The ArcelorMittal official stated that the car is no longer a status symbol in western Europe, amid changing mobility concepts and the impact of CO2 legislation, taxation and insurance. He went on to say that the auto industry must find quick answers to this new situation, both in the commercial and production fields. In the latter, he said, the keyword is research of new steel grades in order to slim down car bodies and chassis. Indeed, in order to comply with the most recent EU directives on CO2 emissions and fuel consumption, cars will have to lose hundreds of kilos in weight over the coming decades.

Mr Van der Hoeven said ArcelorMittal believes that a proper anti-pollution policy must embrace the whole CO2 footprint through a full life-cycle analysis, while today only CO2 emissions are under the spotlight. According to the figures provided, in fact, steel cannot be beaten in terms of overall CO2 footprint ranking by carbon fiber or aluminum, and for this reason the Luxembourg-based steel giant has decided to increase its research around new high-tech steel grades in order to transform a threat into an opportunity.

The forecasts by ArcelorMittal, as Van der Hoeven pointed out, indicate that use of advanced high strength steels in cars will reach 32% by 2020, compared to 6% in 2005, 9% in 2008 and an anticipated 14% in 2013. Despite this, certain grades such as dual phase, TRIP steels and martensites require a costly and difficult cold forming process.

Against this background, as a solution Van der Hoeven put forward ArcelorMittal's Usibor® steel, which is a boron-alloyed steel with an Al-Si coating, with the advantages of 10 percent cost savings thanks to its hot stamping process and an extremely high strength up to 1,500 MPa. According to the ArcelorMittal official, the product has a 30 percent weight-saving potential. The company plans to produce around 2 million tonnes of Usibor steel per year by 2020, while it is preparing to further develop Usibor steel with a strength of 2,000 MPa.

Source - Visit www.steelorbis.com for more

voda 25 mei 2012 om 16:04

ArcelorMittal Stays Underperform - Zack

Zack is maintaining our Underperform recommendation on the shares of ArcelorMittal for the long-term following our assessment of its first-quarter 2012 results. Quarterly earnings missed the Zacks Consensus Estimate while revenues beat the forecast.

The company’s net debt climbed roughly USD 1.1 billion in the quarter. ArcelorMittal has substantial debt, which makes it more difficult to refinance its maturing debt and flexibly manage its business.

The company expects steel shipments in the second quarter of 2012 to be at similar levels with the first quarter. However, the Mining segment is expected to benefit from seasonally higher iron ore shipments. The company forecasts that all of its segments will demonstrate improved underlying profitability in the second quarter.

ArcelorMittal reaffirmed its EBITDA guidance and expects EBITDA for the first half of 2012 to be higher than the first half of 2011. The company anticipates iron ore and coal production to increase by approximately 10% while capital expenditure is expected to be in the range of USD 4.0-USD 4.5 billion for fiscal 2012. Net debt is expected to reduce in the second quarter through improved operating cash flows and further divestment of non-core assets.

ArcelorMittal is the world’s leading steel and mining company. With its presence in more than 60 countries, it operates a balanced portfolio of cost competitive steel plants across both the developed and developing world. It is the leader in all the major sectors automotive, household appliances, packaging and construction. The company is also the world’s fourth largest producer of iron ore, with a global portfolio of 16 operating units with mines in operation or development.

ArcelorMittal remains exposed to volatility in steel pricing. Steel prices remained volatile throughout 2011, rising in the first quarter on strong demand and higher raw material prices but softening in the second half. The prices weakened further in the fourth quarter as iron ore prices dropped sharply in October 2011, and customers started to de-stock in an uncertain economic environment. Though prices increased in first-quarter 2012, any sustained turnaround will require a broad economic recovery.

The company remains affected by the challenging economic conditions across the world. Europe is expected to experience a mild recession. Further, China’s economy is slowing and there is a demand-supply gap in the US.

Source - Daily Markets

voda 25 mei 2012 om 16:13

Rio Tinto remains upbeat on iron ore demand

AAP reported that Rio Tinto is pressing ahead with expanding its robust iron ore business despite concerns about a slowdown in China.

Australia's biggest iron ore producer shrugged off recent pessimism regarding a slowdown in the economic growth of its biggest customer.

Rio Tinto chief executive of iron ore Mr Sam Walsh said his company expects Chinese economic growth to be around 8% as it continues its process of urbanisation and industrialisation.

He said "I know there are a lot of people who are passing doom on that, but we're just not physically seeing that on the ground. We see the iron ore business as being a very robust business. We see that continuing in the short term and long term.”

He added “Developing regions such as Indonesia, the Philippines, Thailand, Vietnam, the former Soviet Union, Middle East, Brazil were all urbanizing.”

Mr Walsh said “If you look at the short term our view is that the market is steady as it goes. Right now we're continuing to ship flat out with very good production and we see that Australia is uniquely placed in relation to the product we offer but also the proximity to demand and that certainly puts us in the box seat. We have a number of projects to expand our operations. These are things that we're continuing to work on and I'd expect that they'd improve."

Source - AAP

voda 28 mei 2012 om 17:14

ArcelorMittal selected as Shell's supplier of choice for structural beams and sections

ArcelorMittal Projects, part of the Distribution Solutions segment, has been selected by Shell, a global group of energy and petrochemical companies, to be its single source provider for offshore structural beams and sections.

The agreement foresees the supply of offshore structural beams and sections to Shell's international projects worldwide and extends to their engineering, procurement and construction contractors.

The 5 year enterprise framework agreement was signed in the last quarter of 2011, with the possibility to extend the agreement for an additional five years.

Mr André Roosendaal MD of ArcelorMittal Projects South East Asia and Pacific said “This contract is a further significant addition to our success and an acknowledgement of the added value we bring through our business model. By differentiating ourselves as a specialized and dedicated partner offering flexible and creative steel solutions, we are able to meet the high expectations and changing demands of the oil and gas industry making us a true ally and reliable partner of choice.”

The Projects team in Singapore will be taking the lead with the commercial management follow up and the project management execution, but will rely on the good support and cooperation of our Long Carbon Europe segment and other entities of the Group when it comes to the steel supply.

Source - 4-Traders

voda 28 mei 2012 om 17:16

ArcelorMittal is to supply 8300 tonnes of rail to ADIF

Invensys Rail Dimetronic has commissioned the first Westrace 2.0 interlockings in Spain at Lasarte and Añorga on EuskoTren’s Bilbao - San Sebastián route.

ADIF has awarded Travipos and Prefabricados Delta a EUR 10 million contract to supply concrete sleepers for the Almansa - Caudete section of the Albacete - Alacant high speed line.

ArcelorMittal is to supply 8300 tonnes of rail for EUR 8•4 million, while Pórfidos Internacionales and Pórfidos del Mediterráneo are to supply ballast for EUR 7•7 million.

Source - railwaygazette.com

voda 28 mei 2012 om 17:19

ArcelorMittal Temirtau to reach normal production after fire at sinter plant

ArcelorMittal Temirtau said that its furnaces will be back to normal by May 29 after a fire at a sintering plant last week.

The blaze, which killed a machine operator and a fireman, was put out on May 15.

ArcelorMittal Temirtau, after the fire, had cut production of cast iron to as low as 1,800 tonnes a day compared with an average plan of 9,452 tonnes a day.

Source - Bloomberg

voda 28 mei 2012 om 17:19

ArcelorMittal Temirtau may not achieve scheduled output in May

It is reported that ArcelorMittal Temirtau, the largest metallurgical enterprise in Kazakhstan has stated that in May this year its production may not reach the scheduled level due to a fire which occurred in the blast furnace shop on May 15.

In particular, in May the production of crude steel may decrease by 14-17 percent compared to the scheduled rates decreasing to 280,000 to 290,000 tonnes while rolled steel product output may decilne by 12% to 14% to 240,000-245,000 tonnes.

Source - Visit www.steelorbis.com for more

voda 29 mei 2012 om 16:13

ArcelorMittal vervangt BAM in Top Picks - TGB

AMSTERDAM (Dow Jones)-- Theodoor Gilissen Bankiers plaatst ArcelorMittal (MT.AE) in zijn Top Picks-lijst en haalt Bam (BAMNB.AE) van de lijst af. TGB geeft daarbij als reden dat de winstmarges van de staalgigant naar verwachting de komende maanden zullen verbeteren door lagere grondstofprijzen. "Voor BAM zal het marktherstel in onze verwachting langer duren; echter de lage waardering ten opzichte van het later in de tijd optredende herstel blijft de reden onze rating op kopen aan te houden. Het koersdoel is EUR5,50. Ook voor ArcelorMittal hanteert TGB een buy-advies. Het koersdoel is EUR20,00. Omstreeks 10.10 uur noteert het aandeel ArcelorMittal 3,2% hoger op EUR11,79, terwijl de AEX met 0,8% stijgt. BAM noteert 0,3% lager op EUR2,17, waarbij de Midkap 0,9% wint. (PBU)

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

voda 29 mei 2012 om 16:27

China approves CNY 100 billion steel investments

It is reported that the National Development and Reform Commission recently approved a number of large steel projects in Shougang Qiangang, Zhanjiang and Guangxi, with total investment of more than CNY 100 billion in an attempt to stabilize economic growth.

According to the NDRC website, BaoSteel Group Guangdong Zhanjiang Steel Base was designed to have capacity of 9.2 million tons of iron, 10 million tons of steel and 9.38 million tons of steel materials, with total investment of CNY 69.68 billion

Guangxi Steel Group Guangxi Fangcheng Steel Base is projected to produce 8.5 million tons of iron, 9.2 million tons of steel and 8.6 million tons of steel materials with total investment of CNY 63.99 billion.

The Shougang Qiangang project mainly includes puddling, steel making and steel rolling, in addition to supplementary projects and after completion, it will produce 7.8 million tons of iron, eight million tons of steel, 6.37 million tons of hot-rolled steel plates and 1.2 million tons of cold-rolled plates.

Source - OP Steel

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