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Home  /  Forum  /  Arcelor Mittal  /  Nieuws en info hier plaatsen (deel 4)

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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,830 19 apr 2024 17:35
  • +0,030 (+0,13%) Dagrange 23,440 - 23,880
  • 2.845.773 Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 688 689 690 691 692 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 20 oktober 2017 14:37
    Deel 2:

    Outlook   
    "Despite a somewhat noisy market environment related to continued high levels of steel imports, we remain optimistic that macroeconomic and market conditions are in place to benefit domestic steel consumption in 2018," said Millett.  "Although U.S. automotive production has peaked, we believe North American automotive steel consumption will be steady, and that there will be continued additional growth in the energy and construction sectors, especially for larger, public sector infrastructure projects.
    "We continue to reinvest in our existing facilities through equipment upgrades and further product diversification.  During the fourth quarter 2017, we plan to complete a $29 million replacement and upgrade of two ladle furnace cranes at our Butler Flat Roll Division, including a facility expansion to improve logistics.  We also plan to complete a $10 million upgrade of the hot strip mill at our Columbus Flat Roll Division, further diversifying our value-added flat roll steel product capabilities.  The planned upgrades require longer than typical outages, which will result in higher costs and lower shipments, reducing potential fourth quarter 2017 pretax earnings by an estimated $25 million.   
       
    "Our financial position continues to strengthen through strong cash flow generation and the execution of our long-term strategy. We are well-positioned for growth, and remain focused on delivering shareholder value through organic and strategic growth opportunities," concluded Millett.
    Conference Call and Webcast
    Steel Dynamics, Inc. will hold a conference call to discuss third quarter 2017 operating and financial results on Thursday, October 19, 2017, at 10:00 a.m. Eastern Time.  You may access the call and find dial-in information on the Investors section of the company's website at www.steeldynamics.com.  A replay of the call will be available on our website until 11:59 p.m. Eastern Time on October 24, 2017.

    Voor meer, zie link:

    ir.steeldynamics.com/profiles/investo...
  2. forum rang 10 voda 20 oktober 2017 14:37
    Evraz could mitigate impact of US steel import tariffs

    Reuters reported that Russian steel and mining company Evraz could mitigate the impact of US steel import tariffs if they are imposed by re-routing exports to other markets. Evraz, listed on the London Stock Exchange, is Russia’s second biggest steel producer and its largest coking coal producer.

    US President Donald Trump launched a probe in April into whether steel imports compromise U.S. national security, but a final decision on whether to introduce tariffs has been delayed until other issues on his agenda are addressed.

    Mr Nikolay Ivanov, Evraz’s chief financial officer said that “A decision has been postponed several times so it is hard to comment on the likelihood of tariffs. If they are imposed, Evraz might benefit (for railway and flat products). The only place we could suffer is through the export of some semi-finished products (slabs). However, it would not impact us significantly even if imports are banned as we can re-route [our products] to other export markets, such as Asia.”

    Evraz and other Russian metals and mining companies borrowed heavily before Russia’s economic crisis and were subsequently hit by a collapse in both domestic and global demand for their products.

    However, many have seen their prospects improve this year, due to higher steel and coal prices driven by capacity cuts in China and a nascent recovery in the Russian economy.

    Mr Ivanov said that “Overall, the changes the steel industry faces are structural. Global demand is very strong this year. The steel industry is quite attractive at the moment.” He added that “Prices are at around USD 500 a tonne. I don’t think prices will stay at that level and will go down to a certain extent but not to levels we saw a year ago.”

    Similarly, global coal demand is expected to increase further, mainly driven by import growth in India.

    Source : Reuters
  3. forum rang 10 voda 20 oktober 2017 14:37
    Steel Dynamics Reports Third Quarter 2017 Results

    FORT WAYNE, Ind., Oct. 18, 2017 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced third quarter 2017 financial results.  The company reported third quarter 2017 net sales of $2.4 billion and net income of $153 million, or $0.64 per diluted share, which includes debt refinancing and repayment charges of $0.02 per diluted share.  Excluding these items, the company's third quarter 2017 adjusted net income was $158 million, or $0.66 per diluted share.   

    Comparatively, prior year third quarter net sales were $2.1 billion, with net income of $157 million, or $0.64 per diluted share, which includes a litigation settlement charge of approximately $5 million (pretax).  Excluding this item, prior year third quarter adjusted net income was $160 million, or $0.65 per diluted share.  Sequential second quarter 2017 net sales were $2.4 billion, with net income of $154 million, or $0.63 per diluted share.

    "The team delivered a solid performance for the third quarter 2017 despite the continued high levels of steel imports," said Mark D. Millett, President and Chief Executive Officer. "Our third quarter 2017 income from operations was $271 million, a sequential increase of $6 million, and trailing twelve month adjusted EBITDA remained strong at $1.4 billion.

    "Elevated levels of steel imports persisted during the quarter, hindering the ability for domestic steel prices to keep pace with raw material costs.  Despite reported low levels of steel service center inventory, we believe steel traders built inventory at the ports ahead of potential domestic trade actions, which resulted in an overhang position for flat roll steel during recent months.  This oversupply resulted in periods of weaker customer orders.  The increase in our sequential earnings was principally the result of improved engineered bar, structural and merchant steel shipments.  Underlying demand from the construction sector appeared to remain strong, and the energy sector was stable.  Conversely, demand from the domestic automotive sector softened, but our steel operations continue to gain market share somewhat mitigating the impact.

    "Third quarter 2017 operating income from our metals recycling platform aligned with the strong first half 2017 performance, derived from steady shipments and ferrous metal spread expansion as increased scrap exports supported higher average quarterly selling values. Earnings from our fabrication operations also improved in the quarter.  The fabrication group achieved another quarter of record shipments, and maintains a strong order backlog.  We believe this is a solid indicator that the non-residential construction market is continuing a positive growth profile," concluded Millett.

    Additional Third Quarter 2017 Comments
    Third quarter 2017 operating income for the company's steel operations increased two percent, or $6 million, to $280 million sequentially, based on higher shipments from our long products divisions outpacing metal spread compression.  The third quarter 2017 average external selling price for the company's steel operations decreased $1 to $778 per ton.  The average ferrous scrap cost per ton melted increased $2 to $305 per ton. 

    Third quarter 2017 operating income attributable to the company's flat roll products decreased three percent when compared to the sequential second quarter, based on slightly lower shipments and metal spread compression, as average scrap costs increased more than average selling values.  Operating income from long products increased 34 percent as a result of a six percent increase in shipments, notably for engineered bar, structural and merchant steel products.  However, structural and merchant steel volumes still remain under pressure from excess domestic production capability, coupled with elevated import levels.  The company's steel production utilization rate was 92 percent in the third quarter 2017, compared to 91 percent in the sequential second quarter and compared to the estimated third quarter domestic industry utilization rate of 75 percent.    

    Third quarter 2017 operating income from the company's metals recycling operations was $21 million, compared to $20 million in the sequential second quarter, as a result of improved average quarterly ferrous sales price and somewhat steady shipments. 

    The company's fabrication operations recorded third quarter 2017 operating income of $22 million, compared to sequential second quarter results of $20 million.  The platform achieved a third consecutive quarter of record shipments and average product pricing remained steady. 

    During the third quarter 2017, the company issued $350 million of new 4.125% senior notes due 2025 to repay $350 million of its existing 6.375% senior notes due 2022.  At September 30, 2017, the company had repaid $183 million of the existing senior notes, and repaid the remaining amount of $167 million on October 13, 2017.  After giving effect to the October repayment, total debt of $2.4 billion remained consistent with the sequential second quarter and liquidity remained strong at $2.1 billion, with $935 million in cash and $1.2 billion of available funding under the revolving credit facility. These transactions extended the company's overall debt maturity profile, and will provide an estimated annual interest savings of approximately $8 million.

    Year-to-Date September 30, 2017 Comparison
    For the nine months ended September 30, 2017, net income was $508 million, or $2.09 per diluted share, on net sales of $7.2 billion, as compared to net income of $362 million, or $1.48 per diluted share, on net sales of $5.9 billion for the same period in 2016.  Year-to-date 2017 net sales increased 23 percent.  Although all platforms experienced increased revenues, the overall improvement was driven by higher average steel product pricing and shipments.  Year-to-date 2017 operating income increased $199 million, or 30 percent, to $871 million, based on improved earnings of $183 million from the company's steel operations and $32 million from its metals recycling platform. The average year-to-date selling price for the company's steel operations increased $116 to $767 per ton.  The average year-to-date ferrous scrap cost per ton melted increased $71 to $291 per ton.  Additionally, the metals recycling operations continued to optimize administrative and operating costs, more than doubling operating income year-to-date 2017 compared to the same period in the prior year.

    During the nine months ended September 30, 2017, the company generated strong cash flow from operations of $548 million and repurchased $237 million of its common stock.
  4. forum rang 10 voda 20 oktober 2017 14:38
    TATA Steel to increase steel capacity at Kalinganagar plant

    Telegraph India reported that Tata Steel may up the ante to catch up with its rivals in India by adding 5 million tonnes capacity at Kalinganagar. Mr TV Narendran MD of TATA Steel said the board of Tata Steel would decide on the next phase of expansion in two-to-three months. The board may decide to take up a more ambitious 5-million-tonne expansion, instead of 3 million tonnes planned earlier.

    Tata Steel operates a 9.7-million-tonne plant at Jamshedpur in Jharkhand and another 3 million tonne unit at Kalinganagar, Odisha. The company has 3,000 acres in Odisha where expansion is possible.

    Moreover, the Tatas have already created some enabling infrastructure to support future growth. For instance, they have set up a hot strip mill for 5.5 million tonnes capacity. This is going to make future capex competitive.

    Once the top player in the private sector steel space, Tata Steel lost out to JSW Steel, which now has the number one slot in India with 18 million tonnes of capacity.

    Apart from expanding capacity at Vijaynagar in Karnataka rapidly, JSW Group also developed its Dolvi plant in Maharashtra, which it had acquired from Ispat Industries.

    The bigger gambit by the Tatas at Odisha is part of a plan to double capacity by 2022, which the company had disclosed to its investors during the announcement of the ThyssenKrupp deal.

    Mr Natarajan Chandrasekaran, chairman of the Tatas' main holding company Tata Sons, had then said that the parent would support Tata Steel's plan to grow both through the organic and inorganic route.

    Tata Steel now trails public sector major SAIL apart from JSW. When SAIL completes its much delayed expansion plans, the PSU's capacity will scale 21 million tonnes from the 17.5 million tonnes at present.

    Source : Telegraph India
    Bijlage:
  5. forum rang 10 voda 20 oktober 2017 14:40
    EVRAZ Q3 2017 PRODUCTION REPORT

    Date of publication: 17.10.2017

    EVRAZ plc (LSE: EVR; “EVRAZ” or the “Group”) today released its operational results for the third quarter of 2017.

    Q3 2017 vs Q2 2017 OPERATIONAL HIGHLIGHTS:

    • Consolidated crude steel output increased by 5.9% quarter-on-quarter to 3.5 million tonnes in Q3 2017, primarily following the completion of capital repairs at EVRAZ DMZ’ oxygen-converter plant and the ramp-up of EVRAZ Regina after the planned outage in Q2 2017.
    • Production of steel products, net of re-rolled volumes, increased by 4.4% quarter-on-quarter to 3.1 million tonnes as a result of increased output of semi-finished products due to the completion of planned capital repairs at EVRAZ ZSMK and EVRAZ DMZ.
    • Production of construction products increased by 6.0% quarter-on-quarter following a seasonal upturn in demand.
    • Production of railway products was down 9.8% due to planned capital repairs at Russian facilities and planned downtime for maintenance in North America.
    • Output of flat products decreased by 9.3% quarter-on-quarter, mostly following a planned maintenance outage in North America.
    • In North America, output of tubular products, including large-diameter pipes (LDP), oil country tubular goods (OCTG) and small-diameter line pipes, increased as a result of higher steel availability after a planned outage at EVRAZ Regina and strong demand recovery in OCTG.
    • Consolidated raw coking coal output in Q3 2017 was in line with Q2 2017.

    Voor meer, zie pdf

    www.evraz.com/upload/files/20171017_E...
  6. forum rang 10 voda 20 oktober 2017 14:45
    Q3 2017 NLMK Group Trading update

    In Q3 2017, steel output increased by 6% qoq to 4.4 m t (+8% yoy); capacity utilization rate increased to 100%. NLMK Group sales grew by 1% qoq and yoy to 4.24 m t.*
    Q3 2017 highlights:
    Steel output grew to 4.4 m t (+6% qoq and +8% yoy) due to increased output at NLMK’s Russian divisions driven by the seasonal uptick in demand in the Russian market.
    Group sales grew by 1% (qoq and yoy) to 4.24 m t. Key growth factors: seasonal growth in demand in the Russian market and improved conditions in the global market.
    NLMK Group sales in its ‘home markets’ hit an all-time high of 2.87 m t (+7% qoq) due to the +21% qoq (+5% yoy) growth of sales in Russia. The share of NLMK Group sales in ‘home markets’ grew to 67% (+3 p.p. qoq and +3 p.p. yoy).

    * Hereinafter Q3 2017 & 9M 2017 output and sales figures are preliminary and can be updated. Hereinafter NLMK Group steel output is shown taking into account NBH performance. Sales to NLMK Group home markets are understood to be sales by NLMK Group companies in the regions where the products are produced in Russia, the EU and the USA.

    PS:

    Deze link bevat ook de Operating Result link in een download naar Excel toe.

    nlmk.com/en/media-center/news-groups/...
  7. forum rang 10 voda 20 oktober 2017 14:46
    Crunch talks for Scunthorpe steel pensioners to be held next week

    Scunthorpe Telegraph reported that Crunch talks for the estimated 20,000 local stake-holders in the British Steel Pension Scheme will be held in Scunthorpe next week.

    A series of meetings will be held at the Scunthorpe Baths Hall this Tuesday (October 24) between 10am and 9pm to discuss the future of their investments.

    Representatives from the 50-year-old BSPS will form a panel with the Pension Protection Fund to answer questions.

    Normally the steel fund which has assets of more than GBP 15 billion would have been taken over by the PPF a safety net for the pension industry.

    But the trustees want to set up a new scheme with the help of cash from Tata Steel UK, the former owners of the Scunthorpe steelworks.

    Executives who were employed by Tata Steel Europe at the Scunthorpe works have been asked to give back bonuses Scunthorpe steel pensioners to be offered choice of two schemes

    The Scunthorpe pensioners have been given until December 11 to make their choice.

    BSPS trustee chairman Mr Allan Johnston said that “All members are being sent personal information packs and for most people, the choice will be straightforward. For some members, however, the best choice will depend on their personal circumstances and preferences. This is an important decision and we are running members meetings so that as many members as possible can hear first-hand about the choices available from the Trustee and other experts. We want members to have the opportunity to ask the questions that matter to them. That’s why these meetings are ‘member-only’ events.”

    He added that “It’s an important choice for our members and they need to have balanced and impartial information. We’re concerned by some of the stories we’re hearing of unofficial information being circulated which may not always be in the member’s best interests. These meetings are just one of the ways we’re trying to help our members make the choice that’s right for them.”

    A spokeswoman for the PPF said that “The PPF has protected members of the British Steel Pension Scheme throughout this process and will continue to do so. The trustees have started providing them with lots of information about their options.”

    Source : Scunthorpe Telegraph
  8. forum rang 10 voda 20 oktober 2017 14:48
    China to reduce smog pollution cut down excess capacity

    Reuters reported that the Chinese government’s campaign to reduce smog pollution and whittle down excess production is set to take around a tenth of its aluminum smelting capacity out of the market by the year-end, potentially adding fuel to a months-long price rally. That impact could have been even more severe - if the world’s largest aluminum producer, privately-held China Hongqiao Group, had been forced to cut output by 30 percent this winter. But, in an apparent reprieve late last week, its cuts are likely to be far less than that.

    China last year accounted for over half the world’s annual primary aluminum production of almost 59 million tonnes, according to the London-based International Aluminium Institute.

    It has annual aluminum smelting capacity of 45 million tonnes, according to consultancy CRU. New capacity has still come on line in China this year, even as illegal, unlicensed capacity has been shut down.

    A Reuters survey of six consultancies and brokerages last week, before the Hongqiao news, showed that up to 1 million tonnes of the light metal, used in making cars and white goods, could be cut during the 4-month heating season in northern China, which begins in mid-November, in the country’s first winter restrictions on aluminum.

    That works out at as much as 3 million tonnes on an annualized basis and is on top of the 3-4 million tonnes of annual capacity estimated to have closed permanently this year as part of a crackdown on facilities built without necessary permits.

    The prospect of supply cuts in China has roiled markets, particularly in the eastern province of Shandong, home to several smelters including Hongqiao, which will shoulder 80% of the winter cuts, according to Wood Mackenzie analyst Ami Shivkar.

    Chinese aluminum prices hit 6-year highs above 17,000 yuan (USD 2,581.74) per ton in August, and are on track for their best annual performance in eight years, as investors have bet that government policy will help trim a global glut that has dampened prices for years.

    The Chinese government has told 28 northern cities, including Binzhou and six others in Shandong, to take stringent steps to curb smog this winter. Among these is a requirement for smelters to cut primary aluminum production by at least 30%.

    Source : Reuters
  9. forum rang 10 voda 20 oktober 2017 14:58
    BHPB announces iron ore production for September quarter

    BHPB announced that its total iron ore production for the September 2017 quarter decreased by three per cent to 56 million tonne, or 64 million tonne on a 100 per cent basis. Guidance for the 2018 financial year remains unchanged at between 239 and 243 million tonne, or between 275 and 280 million tonne on a 100 per cent basis, with volumes weighted to the last three quarters of the year.

    WAIO production for the September 2017 quarter was lower, as expected. Record production at Jimblebar was more than offset by the impact of lower opening stockpile levels, following the fire at the Mt Whaleback screening plant in June 2017, and planned maintenance in the September 2017 quarter. Mine productivity improved in the quarter as a result of increased plant availability and consistent feed rates. Stockpile levels have been rebuilt and are expected to be partially drawn down in the next quarter. Port debottlenecking activities will extend into the December 2017 quarter. BHP continues to work with the relevant authorities in relation to the necessary approvals to increase system capacity to 290 million tonne per annum (100 per cent basis).

    Source : Strategic Research Institute
  10. forum rang 10 voda 20 oktober 2017 14:59
    LKAB exports iron ore from Kiruna using conveyor belts from ContiTech

    Mining Magazine reported that LKAB exports iron ore from Kiruna to markets all over the world. The crude ore in Kiruna is used to manufacture 15 million metric tonnes of finished products, and the material is mostly shipped in the form of pellets. The Swedish Ore Railway is used to transport it to the ports of Luleå and Narvik in Norway. At the loading station the trains tip out their freight, where conveyor belts either transport it to stockpiles or directly to the ships.

    Kiruna uses conveyor belts from ContiTech to ensure that the ore is conveyed from depths of up to 1,365m safely to its destination. The company also uses ContiTech technology in Narvik, as well as at LKAB’s third-largest site, Gruvberget open-pit mine in the Svappavaara ore field. In a complex operating setting like a mine, conveyors are used to supplement key equipment such as mills, furnaces or pelletizing plants. Conveyor belts are used for anything that needs to be transported quickly and continuously. In harsh working conditions, they cope with huge height differences and considerable distances.

    In Kiruna, there are around 350 individual conveyor systems making up a 21km-long conveyor. If a belt breaks down as a result of damage, this can result in an extended period of downtime for the facility. If the entire production chain collapses, this can engender considerable sales losses for the operators.

    A special service agreement, which was signed between LKAB and the service provider Vertech in close collaboration with ContiTech, is helping to remedy this situation. It ensures that all the conveyor belts at the site are functional at all times. This requires the presence of experts at the site day and night, seven days a week, to rectify any damage as quickly as possible.

    ContiTech’s Daniel Grimes commented that “Our conveyor belts are extremely hard-wearing, but there are of course instances where a defective belt piece needs replacing. Which is why we stock the relevant replacement parts in Kiruna. Every belt type is available in any required length, width, fabric and strength class. The longest belt sections in stock are 600m long. It would take weeks for us to first produce the belt and then ship it to the far north.”

    Vertech supplies the fitters, ContiTech supplies the replacement belts and LKAB pays in öre, which is one-hundredth the value of the krona, per metric ton transported. The balance is settled at the end of the year. The three contracting parties then share any profits or losses. In this way, ContiTech stated, the service agreement benefits all sides and acts as an incentive for failure-free operations.

    Source : Mining Magazine
  11. forum rang 10 voda 20 oktober 2017 15:00
    China's Sept iron ore aberration boosts smaller exporters: Russell

    Reuters reported that the detail of China's record iron ore imports in September is likely to prove more interesting than the headline-grabbing surge above 100 million tonnes for the first time.

    Preliminary customs data released on Oct. 13 showed China imported 103 million tonnes of the steel-making ingredient in September, a 16% jump on August's figure and shattering the previous monthly record of 96.6 million from March.

    The prevailing market view is that the sharp jump in September is most likely a last hurrah ahead of some slower months as winter restrictions on steel output come into force. This means that Chinese steel mills and traders have effectively front-loaded iron ore imports, suggesting that arrivals will moderate in the fourth quarter as steel cutbacks start to bite.

    Authorities in some of China's steel-producing provinces have ordered mills to cut output in a bid to lower air pollution in the upcoming winter months.

    In Tangshan, a major steel-making city, authorities last week ordered mills to cut sintering - a process using coal to upgrade lower-quality iron ore prior to it being fed into a blast furnace by 50%, joining other centres in implementing anti-pollution measures.

    Lower steel output has resulted in the price of benchmark Shanghai steel rebar reaching a one-month high on Monday as investors fretted about lower supplies in coming months.

    So far, higher steel prices have also dragged iron ore along for the rise, with futures on the Dalian Commodity Exchange jumping more than 3 percent on Monday to a near three-week high.

    However, as steel output slows over winter, it's likely that the price of steel and iron ore will decouple as demand for iron ore slips in line with slower steel production.

    This is likely to make September's record iron ore imports an outlier, although there is no reason to think that imports are in line for a sharp reversal.

    What is likely is that China will concentrate on bringing in more higher-grade iron ore, a move that will benefit the top exporters Australia, Brazil and China.

    While the detailed customs breakdown of September's imports will only be available next week, it appears that some of the additional cargoes brought in were from suppliers outside the big three.

    Vessel-tracking data compiled by Thomson Reuters Supply Chain and Commodity Forecasts showed that imports from Australia, Brazil and South Africa totaled 79 million tonnes in September, giving the big three a market share of 77%. This is well below the 86% those three countries enjoyed in the first eight months of the year, according to the official customs numbers.

    Customs figures and vessel-tracking don't align exactly, given slight differences in when cargoes are assessed as having arrived and the volumes contained in each ship. But the difference is negligible, with customs data for the first eight months showing imports from Australia, Brazil and South Africa at 619 million tonnes, 1.5% above the ship data's 610 million tonnes.

    Source : Reuters
  12. forum rang 10 voda 20 oktober 2017 15:00
    China's Sept iron ore aberration boosts smaller exporters: Russell

    Reuters reported that the detail of China's record iron ore imports in September is likely to prove more interesting than the headline-grabbing surge above 100 million tonnes for the first time.

    Preliminary customs data released on Oct. 13 showed China imported 103 million tonnes of the steel-making ingredient in September, a 16% jump on August's figure and shattering the previous monthly record of 96.6 million from March.

    The prevailing market view is that the sharp jump in September is most likely a last hurrah ahead of some slower months as winter restrictions on steel output come into force. This means that Chinese steel mills and traders have effectively front-loaded iron ore imports, suggesting that arrivals will moderate in the fourth quarter as steel cutbacks start to bite.

    Authorities in some of China's steel-producing provinces have ordered mills to cut output in a bid to lower air pollution in the upcoming winter months.

    In Tangshan, a major steel-making city, authorities last week ordered mills to cut sintering - a process using coal to upgrade lower-quality iron ore prior to it being fed into a blast furnace by 50%, joining other centres in implementing anti-pollution measures.

    Lower steel output has resulted in the price of benchmark Shanghai steel rebar reaching a one-month high on Monday as investors fretted about lower supplies in coming months.

    So far, higher steel prices have also dragged iron ore along for the rise, with futures on the Dalian Commodity Exchange jumping more than 3 percent on Monday to a near three-week high.

    However, as steel output slows over winter, it's likely that the price of steel and iron ore will decouple as demand for iron ore slips in line with slower steel production.

    This is likely to make September's record iron ore imports an outlier, although there is no reason to think that imports are in line for a sharp reversal.

    What is likely is that China will concentrate on bringing in more higher-grade iron ore, a move that will benefit the top exporters Australia, Brazil and China.

    While the detailed customs breakdown of September's imports will only be available next week, it appears that some of the additional cargoes brought in were from suppliers outside the big three.

    Vessel-tracking data compiled by Thomson Reuters Supply Chain and Commodity Forecasts showed that imports from Australia, Brazil and South Africa totaled 79 million tonnes in September, giving the big three a market share of 77%. This is well below the 86% those three countries enjoyed in the first eight months of the year, according to the official customs numbers.

    Customs figures and vessel-tracking don't align exactly, given slight differences in when cargoes are assessed as having arrived and the volumes contained in each ship. But the difference is negligible, with customs data for the first eight months showing imports from Australia, Brazil and South Africa at 619 million tonnes, 1.5% above the ship data's 610 million tonnes.

    Source : Reuters
    Bijlage:
  13. forum rang 10 voda 20 oktober 2017 15:02
    Rio Tinto IOC pellet production update

    Rio Tinto announced that its IOC pellet production of 2.9 million tonnes (Rio Tinto share 1.7 million tonnes) was eight per cent higher than the same quarter of 2016 and 24 per cent higher than the previous quarter, with pellet demand continuing to be strong and product mix being optimised to meet customer demand.

    Concentrate production for sale of 2.5 million tonnes (Rio Tinto share 1.4 million tonnes) was nine per cent higher than the third quarter of 2016 and 12% higher than the previous quarter, reflecting improved asset reliability along with higher recovery.

    Source : Strategic Research Institute
  14. forum rang 10 voda 20 oktober 2017 15:35
    Iron ore shipments top 2016’s overall rate by 3 million metric tons on St. Lawrence Seaway

    More than 1.2 million metric tons of iron ore passed through the St. Lawrence Seaway in September, providing a boost to overall shipping tonnage for the Seaway system, according to the Chamber of Marine Commerce. The St. Lawrence Seaway reports that cargo shipments from the start of the shipping season on March 20 through September 30 totaled 24.3 million metric tons – up nearly 3 million metric tons over the same period last year.

    Source : Strategic Research Institute
    Bijlage:
  15. forum rang 10 voda 23 oktober 2017 16:41
    Wereldwijde staalproductie blijft stijgen

    Stijging van 5,6 procent in september.

    (ABM FN-Dow Jones) De mondiale staalproductie is in september verder gestegen. Dit bleek maandag uit cijfers van brancheorganisatie World Steel Association.

    In totaal maakten de 67 staalproducerende landen in de afgelopen maand 141,4 miljoen ton staal, een stijging van 5,6 procent op jaarbasis.

    In augustus bedroeg de groei 6,3 procent.

    In China, wereldwijd met afstand de grootste fabrikant van staal, steeg de productie afgelopen maand op jaarbasis met 5,3 procent tot 71,8 miljoen ton. Japan zag de productie afgelopen maand toenemen met 2,0 procent.

    In Frankrijk was sprake van een stijging van de staalproductie met 3,2 procent tot 1,3 miljoen ton. De Verenigde Staten produceerden in september 6,7 miljoen ton staal. Dit was 8,6 procent meer dan een jaar eerder.

    De bezettingsgraad van staalproducerende landen steeg in september op jaarbasis met 2,8 procentpunt naar 73,5 procent vergeleken met dezelfde maand een jaar terug. Vergeleken met augustus betekende dit een toename van 0,6 procentpunt.

    Door: ABM Financial News.

    info@abmfn.nl

    Redactie: +31(0)20 26 28 999

    Copyright ABM Financial News. All rights reserved

    (END) Dow Jones Newswires
  16. forum rang 10 voda 23 oktober 2017 16:55
    Korte werkonderbreking bij Tata IJmuiden

    Gepubliceerd op 23 okt 2017 om 16:49 | Views: 0

    ArcelorMittal 16:34
    25,76 +0,58 (+2,30%)

    IJMUIDEN (AFN) - Havenmedewerkers van Tata Steel in IJmuiden hebben maandagochtend kort het werk neergelegd om opheldering te vragen over de toekomst van het staalbedrijf. Zo'n dertig mensen deden mee aan de werkonderbreking van twee uur, meldt FNV.

    De medewerkers van de overslag in de haven van IJmuiden eisten duidelijkheid van de directie van Tata Steel Nederland. Die sprak vrijdag zijn zorgen uit over de mogelijke gevolgen van de fusieplannen van Tata Steel met branchegenoot ThyssenKrupp voor onder meer de werkgelegenheid en de zelfstandige koers van de Nederlandse tak van het bedrijf.

    Volgens bestuurder Aad in 't Veld van FNV Metaal leidt de onduidelijkheid over de toekomst tot speculaties en onrust op de werkvloer. Daarom eisen de werknemers zo snel mogelijk een toelichting van de leiding van het concern. FNV heeft tot nu toe geen antwoord gehad op vragen aan Tata Steel Nederland over de fusie. ,,Dat is niet acceptabel."
  17. forum rang 6 gpjf 23 oktober 2017 21:08
    Zo zit dat wereldje in elkaar want veel zien we gewoon niet.

    NEW YORK - Een voormalig handelaar van de Britse bank HSBC is schuldig bevonden in een grote fraudezaak in New York. De Brit sjoemelde bij een transactie van $3,5 miljard voor een klant.
    Volgens de aanklagers zorgde de handelaar er samen met collega's in dat de koers van het Britse pond in korte tijd opliep, vlak voordat de transactie plaatsvond. Door voor miljarden aan ponden te kopen voor de klant tegen de hogere koers verdiende hij in een klap miljoenen voor zijn bank.
    De handelaar liep onder meer tegen de lamp door een aantal opgenomen telefoontjes. In een daarvan zei hij: ,,Ik denk dat we ermee weg zijn gekomen." Wat voor straf hij krijgt wordt later bekendgemaakt door de rechtbank.

    De uitspraak loopt vooruit op een aantal soortgelijke zaken waarin gerommeld werd met koersen van valuta, grondstoffen en effecten. In een van die zaken staan drie oud-handelaren van de banken JPMorgan, Barclays en Citigroup terecht. Zij zouden via een geheime chatgroep informatie uit hebben gewisseld over het beïnvloeden van wisselkoersen.

    HSBC zelf stond niet terecht in deze zaak, maar was wel onderwerp van onderzoek in andere zaken waarvoor wordt gewerkt aan een schikking. Ook veel andere internationale banken kregen in de nasleep van de financiële crisis te maken met justitie voor het manipuleren van koersen en tarieven, waaronder het belangrijke Libor-rentetarief.
  18. forum rang 10 voda 24 oktober 2017 14:10
    Steel output in China sank as Xi Parades Green Credentials

    Bloomberg reported that steel output in China sank from a record, sliding to the lowest level in at least six months, as the anti-pollution drive touted in President Xi Jinping’s landmark policy address this week began to make its mark. According to the statistics bureau, output fell to 71.83 million metric tonnes in September from 74.59 million tons the month before. Mr Xi’s speech to the Communist Party congress reaffirmed his commitment to rolling back environmental abuse. Over nine months, production was still higher than in 2016, rising 6.3 percent to 639 million tons, the figures showed.

    China’s concerted drive to cut pollution from its old-industry factories, especially over winter, is roiling metals markets, and Xi referenced the policy in his address to the twice-a-decade Communist Party congress. In steel, China’s output has proved resilient in the past year as although officials have shuttered some mills that fell short of standards, remaining producers boosted supplies in the run-up to wintertime curbs that have yet to fully kick in.

    Citigroup Inc. analysts including Tracy Liao said in a report said that “We expect strict enforcement of the winter supply-cut policies in order to guarantee planned reductions in pollution.” The bank estimates total production losses of as much as 37 million tons from the winter shutdowns.

    The bureau’s figures also showed a drop in production from China’s vast aluminum industry, which is facing winter cuts too. Output was 2.61 million tonnes last month, 5.6 percent less than a year ago, the bureau said. Citigroup has forecast supply cuts of 1 million to 1.5 million tonnes. China is the top producer of steel and aluminum.

    The production data came with figures that showed gross domestic product was 6.8 percent in the third quarter, matching the estimate in Bloomberg survey. In his marathon speech, Xi mapped out a strategy for development to 2050 that emphasized the quality of growth over quantity or pace of expansion.

    Source : Bloomberg
    Bijlage:
  19. forum rang 10 voda 24 oktober 2017 14:11
    Five firms express interest in Essar Steel - Report

    BloombergQuint, citing three people close to the development, reported that debt-laden Essar Steel Ltd has attracted initial interest from five large metal firms as part of its resolution under the Insolvency and Bankruptcy Code. ArcelorMittal, Sumitomo Corporation, Vedanta Resource Plc, Tata Steel Ltd and Steel Authority of India Ltd have submitted expressions of interest for a resolution plan. The Ruias, who are the promoters of Essar Steel, have also shown interest, the people said.

    Interest from large strategic investors for Essar Steel will be a relief for lenders who have been trying to resolve the case for nearly two years now. The steelmaker, which owes banks nearly INR 45,000 crore, was among the first dozen large stressed companies identified for insolvency action by the Reserve Bank of India. The steel sector is one of the biggest contributors to Indian banks’ bad loans, which stood at Rs 8 lakh crore at the end of June.

    Satish Kumar Gupta, the resolution professional in Essar Steel, had placed an advertisement in the newspapers this month, seeking EOIs to formulate a resolution plan for Essar Steel. October 23 was the deadline to submit expressions.

    Essar Steel’s lenders, led by State Bank of India, had filed an insolvency petition in July and the NCLT admitted the case in August. They have been trying to find a resolution for two years. In November 2015, the banks appointed SBI Capital Markets and ICICI Securities Ltd. to find buyers for the steelmaker, but were unsuccessful. The lenders then tried various restructuring schemes but the results were not encouraging.

    Source : Bloomberg
  20. forum rang 10 voda 24 oktober 2017 14:12
    Kobe Steel scandal -Too early to discuss consolidation involving Kobe Steel

    Reuters quoted Mr Akio Mimura as the chairman of the Japan Chamber of Commerce and Industry as saying that it is too early to talk about any industry consolidation involving Kobe Steel Ltd as the impact of its long-standing practice of data fabrication is still unknown.

    Mr Akio Mimura said that he wanted to hear Kobe Steel’s own take on the scandal first, including how it views the impact on management, before giving any opinion on a potential realignment in the industry.

    He added that “It’s a real shame what has happened ... There is no excuse for it. (Kobe Steel) has crossed a line that should not be crossed by a manufacturer.”

    Mr Mimura is an influential figure in Japan’s industry and was a key figure behind the merger of Nippon Steel and Sumitomo Metal Industries.

    Source : Reuters
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