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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

  • 23,470 23 apr 2024 17:35
  • -0,640 (-2,65%) Dagrange 23,400 - 24,100
  • 3.800.729 Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 1047 1048 1049 1050 1051 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 19 augustus 2019 16:32
    TMK Announces Q2 2019 IFRS Results

    One of the world’s leading producers of tubular products for the oil and gas industry TMK announced its interim consolidated IFRS financial results for the six months ended June 30, 2019. Mr Igor Korytko, CEO of TMK, said “TMK delivered a solid quarter-on-quarter performance in the second quarter of 2019, driven by strong results at the Russian division, which achieved record quarterly sales for the last four years and further improved its product mix towards a higher share of high-tech products. This translated into a 21% increase in the division’s adjusted EBITDA and stronger margins. Despite a temporary debt increase, mainly due to the Russian Ruble appreciation against the US dollar, TMK remains focused on its commitment to bring the net debt-to-EBITDA ratio further down and achieve its target of 3.00x by the end of this year. We remain committed to executing on our strategy to reinforce our leadership positions in the market, improve operational efficiency, develop innovative solutions for customers using cutting-edge digital technologies and adhere to best-in-class ESG (environmental, social and governance) standards.”

    2Q 2019 Highlights
    2Q Revenue up 4% quarter-on-quarter to USD 1,307 million
    2Q Adjusted EBITDA up 11% quarter-on-quarter to USD 195 million
    Adjusted EBITDA margin increased 1 p.p. to 15% in 2Q 2019
    Net debt up to $2,641m as at June 30, 2019, mainly reflecting rouble appreciation against the US dollar

    Major Developments in 2Q 2019

    On June 22, 2019, Mr Igor Korytko was appointed CEO of TMK. Having previously served as TMK’s Vice President for Efficiency Management, Igor Korytko will continue to implement TMK’s strategic initiatives, including the digital transformation of the business, which will enable the Company to further strengthen its competitive position.

    In June, TMK and NOVATEK signed a Strategic Partnership and Cooperation Agreement. The agreement outlines key policies and approaches for supplying TMK’s premium casing and tubing pipe to NOVATEK, introduces formula-based pricing to promote efficient production and ensure timely and reliable supply, and will remain effective until the end of 2023.

    Voor cijfers, zie pdf.

    Outlook - In Russia, TMK expects pipe consumption by domestic oil and gas companies to remain stable in 2019. The increased complexity of hydrocarbon production projects in Russia is expected to result in higher demand for high tech products. TMK anticipates EBITDA at the Russian division to increase for the full-year 2019, supported by an increase in pipe shipments, with the EBITDA margin to be slightly above the level of full-year 2018. In North America, the market situation is most likely to remain challenging with oil and steel price volatility, a slowdown in drilling activity and operators focusing on capital discipline, all resulting in lower pipe demand and pressure on prices. In Europe, a challenging market environment and pricing pressure, coupled with a seasonal slowdown in activities in the European market in the third quarter might impact the European division’s financial performance for the full-year 2019. However, overall TMK expects to see sustained demand for seamless industrial pipe in full-year 2019 with the sales mix for the European division comprising a higher share of high value-added products.

    Source : Strategic Research Institute
    Bijlage:
  2. forum rang 10 voda 19 augustus 2019 16:36
    Bidders Keen on Elevator Unit - Thyssenkrupp CEO

    Reuters reported that possible bidders for Thyssenkrupp’s elevator division are under pressure to come up with firm offers. Mr Guido Kerkhoff CEO told German magazine Der Spiegel “Strategic investors and private equity will miss out at first if a listing happens. This is putting them under pressure. You won’t believe how many phone calls I’m currently getting from that corner.”

    Thyssenkrupp is evaluating a deal for elevators, seen worth up to EUR 14 billion, in a dual-track process which could result in an initial public offering, a joint venture or an outright sale.

    Sources familiar with the process have told Reuters that Finnish elevator maker Kone as well as private equity investors KKR, CVC and Advent has approached Thyssenkrupp about a potential deal.

    Source : Reuters
  3. forum rang 10 voda 19 augustus 2019 16:37
    ArcelorMittal Regrets Burns Harbor Spillage Incident

    Despite having safeguards in place and conducting regular sampling in accordance with our permits, ArcelorMittal apologized and accepted responsibility for the incident from the Burns Harbor facility. It said “We are working closely with state and federal regulatory agencies to address the situation and to prevent its reoccurrence.”

    ArcelorMittal Burns Harbor experienced a failure at the blast furnace water recirculation system. This isolated event resulted in the release of wastewater containing elevated levels of ammonia and cyanide. Although the Burns Harbor facility is permitted to discharge wastewater containing low amounts of ammonia and cyanide, the failure caused the facility to exceed applicable limits. ArcelorMittal said “We promptly reported these exceedances to the Indiana Department of Environmental Management in accordance with our permit requirements.”

    It added “The recirculating system has been repaired and normal operations have resumed. Although sampling is ongoing, we are confident that the facility’s wastewater system is operating within normal ranges. We are working to assess any potential residual impact and are committed to demonstrating to all stakeholders that we have regained compliance through a robust monitoring process as prescribed by IDEM. We have begun a daily sampling schedule at the two impacted outfalls until further notice. We are also conducting daily downstream samplings, every quarter mile for 2.5 miles of the Little Calumet River. Results of the monitoring will be reported to IDEM within two hours of receiving them, and they will be publicly available through IDEM.”

    Source : Strategic Research Institute
    Bijlage:
  4. forum rang 10 voda 19 augustus 2019 16:39
    Forest Advisory Committee Approval Likely for JSW Steel Project in Odisha - Report

    Economic Times, citing people aware of the development, reported that the Forest Advisory Committee has agreed to the transfer of a clearance granted earlier to steelmaker Posco for its Odisha steel project in favor of 13.2 million tonne Greenfield plant that JSW Steel plans to set up at the site in Jagatsinghpur. The persons said that the minutes of the Forest Advisory Committee meeting are yet to be uploaded on the Ministry Of Environment, Forest & Climate Change website.

    An official of state’s industry department said the FAC meeting was to take up the matter on August 16 and that he believed the transfer has been cleared.

    The state government had agreed to hand over 2,968 ha of this land in Jagatsinghpur to JSW.

    In 2017 South Korea’s Posco had abandoned the project.

    Source : Economic Times
  5. forum rang 10 voda 19 augustus 2019 16:40
    China issues third batch of scrap metal import quotas

    The Chinese government has approved just under 100,000 tonne of scrap metal imports in the third quarter in its third batch of quotas announced. The additional quotas issued today by China Solid Waste and Chemicals Management, part of the environment ministry, are for 99,370 tonne of copper, aluminium and ferrous scrap for delivery to ports in south, southeast and north China.

    The extra quota for copper scrap under harmonised tariff code 7404000090 is 87,680 tonne, the quota for aluminium scrap tariff code 7602000090 is 11,290 tonne and ferrous scrap is 400 tonne.

    The copper scrap quota is for delivery to the ports of Tianjin, Ningbo, Shanghai, Xiamen, Qingdao, Nanhai, Nansha and Wuzhou, while the aluminium scrap quota is for Tianjin, Nanhai and Nansha.

    The amount of third-quarter copper quotas approved to date stands at 452,559 tonne, aluminium at 372,476 tonne and ferrous at 20,918 tonne.

    The import quota for copper scrap is below the amount imported in the third quarter of last year, whereas the aluminium scrap quota is above last year's third-quarter import figure.

    China imported 624,276 tonne of copper scrap and 349,510 tonne of aluminium scrap in July to September 2018, customs data show.

    Although the scrap metal import quotas are lower than expected, many plants in China are not operating at capacity because of weak manufacturing orders. Demand for scrap metal has been lagging as a result.

    One European supplier said that "There is no licence issue, [the Chinese firms] can't even fulfil their quotas because the market is so slow.”

    Under the new policy, all scrap metal importers in China will need import licences issued under approved quarterly quotas from 1 July before they can receive any material.

    Source : Argus Media
  6. forum rang 10 voda 19 augustus 2019 16:44
    DASANI to Reduce Plastic Waste through Increased Use of Recycled Materials

    DASANI®, the No.1 mainstream water brand in the United States, announced a robust pipeline of sustainable packaging innovations in support of The Coca-Cola Company’s global “World Without Waste” goal to make its bottles and cans with an average of 50 percent recycled material by 2030. Updates to DASANI’s packaging line-up are designed to reduce plastic waste and increase the use of recycled and renewable materials in the United States, while ensuring that all DASANI bottles continue to be fully recyclable. New innovations include: The debut of HybridBottle™, The Coca-Cola Company’s first package in the United States to be made with a mix of up to 50 percent plant-based renewable and recycled PET material (PlantBottle TM and recycled PET plastic). This innovation builds on the company’s decade of success with PlantBottle by adding recycled content alongside plant-based material to reduce the amount of virgin PET plastic used in the bottle (available nationally in 20-ounce bottles in mid-2020).

    The expansion of package-less DASANI PureFill water dispensers with the addition of up to 100 PureFill units across the country beginning in fall 2019. The additional units are an evolution of the successful Coca-Cola FreestyleTM platform, garnering more efficiencies and scale than the previous test version of PureFill by leveraging the proprietary Coca-Cola Freestyle technology.
    The introduction of new aluminum cans (launching locally in the Northeastern United States this fall and expanding to other regions in 2020) and new aluminum bottles (available in mid-2020).

    DASANI has been at the forefront of sustainable innovation since 2009 with the launch of the first fully recyclable bottle made partially from plants (PlantBottle). In 2018, the brand continued its sustainability journey by becoming the first major water brand to debut a package-less water dispensing unit with DASANI PureFill. Earlier this year, The Coca-Cola Company expanded access to the PlantBottle IP to encourage industry-wide adoption of PlantBottle.

    DASANI’s actions focus on testing and piloting multiple ways to deliver products that fit consumers’ preferences and behaviors as they seek more sustainable solutions in their everyday lives. DASANI currently plans to remove the equivalent of 1 billion virgin PET bottles from its US supply chain in the next five years and will continue to look to expand these efforts.

    Source : Strategic Research Institute
    Bijlage:
  7. forum rang 10 voda 19 augustus 2019 16:45
    Titagarh Wagons Wins Order for Pune Metro Rail Project

    The Consortium formed by Titagarh Wagons Limited with its wholly owned subsidiary: Titagarh Firema SpA has emerged as the lowest bidder in the tender issued by Maharashtra Metro Rail Corporation Limited for 'Design, Manufacture, Supply, Testing, Commissioning Of Passenger Rolling Stock (Electrical Multiple Units) And Training Of Personnel' for Pune Metro Rail Project. The joint bidding by the Consortium consisting of the Company as Lead Member along with it's wholly owned subsidiary was made in the said tender for design, manufacture and supply of 102 Metro Coaches for Pune Metro Rail.

    As per the tender documents first 3 Car Prototype Metro Trainset is required to be supplied in 78 weeks and the balance 33 train sets in several phases over 160 weeks.

    The order valued at approximately INR 1125 crore is likely to be issued in the next few days and more details would be intimated by the Company upon receipt of the formal order.

    Titagarh Fireman, a subsidiary of an Indian firm, on Saturday won the international bid to supply 102, ultra-modern, state-of-the-art aluminium bodied coaches, to the Pune Metro. According to the agreement, 25% of the coaches will be manufactured at their plant in Italy and the remaining 75% will be produced and commissioned at Maha Coach Manufacturing Plant in Nagpur.

    This will be the first time that aluminium-bodied coaches will be manufactured in India. Aluminium body coaches are lighter, more energy efficient and have better aesthetics. Manufacturing these next generation coaches will be a gamechanger for India metros, Pune Metro said in a statement.

    The Metro said in a statement that “Initially, trains in Pune metro will be of three coaches, which will be subsequently converted into six coaches as per traffic requirement. These coaches will be fully air-conditioned with humidity control provided with digital route and station display and international standard interiors. They will have 100 per cent CCTV coverage as well as an emergency/panic button to ensure safety of passengers. Passengers will be able to speak to train operator on board as well as to emergency control at OCC if required.”

    Source : Strategic Research Institute
  8. forum rang 10 voda 19 augustus 2019 19:40
    EU to remove some Brazilian steel quotas
    456 Views

    The European Union has removed Brazilian stainless steels and steel profiles from its proposal for adjustments to the existing safeguard measures on steel imports in the EU market, according to the European Commission (EC). The EC submitted its latest plan to the World Trade Organization (WTO) last week (see Kallanish 16 August).
    “The investigation conducted since mid-May showed that the measures have worked well overall during the first year of implementation. The adjustments aim however to make them more effective in full compliance with WTO rules,” the EC says in a note.
    According to the president of Instituto Aço Brasil, Marco Polo de Mello Lopes, the safeguard withdrawal of safeguards for Brazilian stainless steels and profiles makes it possible for both products to increase market presence. This is especially so in the case of stainless steel because of its higher added value.
    The EC is looking to reduce the rate of progressive increase of the general safeguard quotas from 5% to 3% on the basis of more recent imports statistics. According to the adjustment plan, Brazil maintains its specific quota for cold-rolled steel. This will be at 165,010 tonnes from 1 July 2019 to 30 June 2020, while during the following one-year period should reach 169,961t. Volumes surpassing this quota will be taxed at 25%.
    The proposed plan will be first discussed with all affected WTO members. Following these consultations, the adjustments will be submitted for approval to the EU members, so that they can become effective as of October 2019, the EC says.

    kallanish.com/en/steel-news/market-re...
  10. forum rang 10 voda 20 augustus 2019 16:28
    Court Proceeds on SFIO Charge Sheet in Bhushan Steel Case

    Economic Times reported that New Delhi court has taken cognizance of the charge sheet filed by the SFIO against 287 individuals and entities in the Bhushan Steel Ltd case. The next step involves framing of charges before the trial starts in what is likely to be a historical legal battle, given the voluminous charge sheet and the number of accused. The court divided the list of accused people into 11 batches for administrative convenience. Special judge Neelam Singh observed “It would be appropriate if accused persons are divided in a lot and summons are issued to them for different dates.”

    With the chargesheet running into over 70.000 pages, the court ordered that soft copies be supplied to those accused. According to order “Since record is bulky, only copy of complaint be sent along with the summons. Soft copy of rest of the documents be supplied to the accused persons after their appearance in the court.”

    The charge sheet cites fund diversion of INR 45,818 crore, wrongful loss to banks and financial institutions of INR 20,879 crore and wrongful gains by the company’s ex-promoters of INR 3,500 crore.

    Source : Economic Times
  11. forum rang 10 voda 20 augustus 2019 16:30
    KIOCL Embarks on Expansion & Diversification Plan

    Deccan Herald reported that KIOCL Ltd has embarked on a INR 3,500 crore expansion and diversification program to tap emerging opportunities in the steel sector. As part of its expansion program, KIOCL is setting up a 2 lakh tonne per annum ductile iron spun pipe plant under forward and 1.79 lakh tonne per annum coke oven plant under backward integration projects. The investment required for this project is estimated at INR 837 crore, which will make its blast furnace unit economically viable. Mr MV Subba Rao, CMD KIOCL said that the project will be completed over the next 24 months.

    KIOCL currently operates a 3.5 million tonne per annum pellet plant at Mangaluru and largely exports its pellets to China, Japan and West Asia among other countries.

    The company is also setting up a 2 million tonne per annum capacity pellet plant to produce high fluxed BF grade pellets in a joint venture with another Steel Ministry undertaking RINL at Vizag. The entire produce will be consumed by RINL blast furnaces. The project, estimated to be completed in 24 months from the date of placement or order on the main technological package supplier, will see an investment of INR 1,033 crore.

    Source : Deccan Herald
  12. forum rang 10 voda 20 augustus 2019 16:31
    Pennar Industries Bags Multiple Orders worth INR 538 Crores

    Pennar Industries announced that it has bagged multiple orders worth INR 538 crore in June and July across business verticals. The railways vertical received orders worth INR 66 crore from Integrated Coach Factory, Rail Coach Factory, Universal Engineering, Konkan Railways, BEML and others, while the pre-engineered building division bagged INR 211-crore orders from Tata Steel, Wipro, Bharti Infra, Mylan Laboratories and others.

    It also bagged INR 77- crore order for the tubes division, while the industrial components division got INR 37-crore order and the environmental and water treatment division INR 26 crore.

    Source : Strategic Research Institute
  13. forum rang 10 voda 20 augustus 2019 16:32
    Oyak to Move Chemical Firm Chemson Out of UK

    The Guardian reported that The Turkish firm poised to buy British Steel recently announced plans to move a chemicals factory it owns from Tyneside to Europe, after sounding the alarm about Brexit uncertainty. Chemson, a Wallsend-based firm that makes additives used in the production of PVC plastic, said last week it would cease production at the site by the end of September. The decision will involve moving the site’s activity to Austria and Turkey, with the expected loss of 64 jobs.

    It said “The decision was taken after a Europe-wide review of production capacity, which demonstrated that the group could service its markets more cost-effectively from its plants in Austria and Turkey.”

    Chemson is owned by Oyak, the Turkish military pension fund that was last week chosen by the government as the preferred buyer for British Steel, which employs more than 4,000 people in the UK and owns the Scunthorpe steelworks.

    Source : The Guardian
  14. forum rang 10 voda 20 augustus 2019 16:32
    Valin steel H1 Profit Down By 35%

    Valin Steel reported half-year results that revenue in the first six months of the year was 48.4 billion yuan, up 11% from a year earlier, while net profit fell about 35% to 2.2 billion yuan.

    The largest listed steelmaker in Hunan said profits fell overall as a result of accelerated release of new capacity, rising prices of raw materials such as iron ore and falling steel prices.

    Source : SMM
  15. forum rang 10 voda 20 augustus 2019 16:33
    Egypt Iron Steel Exports Down To 30% on Arrears to Exporters

    Amwalal Ghad reported that Egypt’s iron and steel exports declined by 30% during the first half of 2019 as exporters haven’t received their dues from the export subsidies program estimated at one billion Egyptian pounds (USD 60.3 million). Mr Naaman ,head of the Division of construction materials production, further told Amwal Al Ghad that the delay in paying off the arrears of export subsidies has contributed to decreasing the competitiveness of the Egyptian steel in foreign markets.

    Egyptian iron and steel exports during H1 of 2019 has declined to register USD 394 million versus USD 560 million in the comparable period of 2018.

    Source : Amwalal Ghad
  16. forum rang 10 voda 20 augustus 2019 16:34
    British Steel Official Receivers E&Y to Get GBP 13 million

    Accountants appointed to help run British Steel after the company went into liquidation earlier this summer have run up fees of more than GBP 13 million. Judge Sally Barber on Monday heard that three senior staff at accountancy firm Ernst and Young had incurred time costs after being made special managers by a High Court judge in May and asked to help an Official Receiver manage British Steel’s affairs. She agreed they should be remunerated and approved the initial payment of GBP 9.2 million, 70% of a total figure, including tax, of GBP 13.1 million at a hearing in the Insolvency and Companies Court in London.

    Monday’s hearing was staged days after the investment division of Turkey’s armed forces pension fund was named as the preferred bidder for British Steel, which employs 4,000 at its plant in Scunthorpe, Lincolnshire, and 700 on Teesside.

    Source : Belfast Telegraph
  17. forum rang 10 voda 20 augustus 2019 16:36
    NZ Steel Earnings Fall on Weaker Prices & Higher Costs

    BusinessDesk reported that BlueScope Steel’s New Zealand business reported a 28% drop full year operating earnings due to higher input costs and a drop in prices for export steel and vanadium. Sales revenue for the business, which includes BlueScope’s Pacific Island operations, increased to AUD 888.1 million for the 12 months to June 30, up 7% from a year earlier. But earnings before interest and tax fell 28 percent to AUD 80.6 million. First-half earnings had been 75 percent higher at AUD 71.9 million, only to plunge to AUD 8.7 million in the second half.

    BlueScope said the company, which operates the Glenbrook mill, benefited from strong local demand but faced lower export prices in the second half and a sharp fall in vanadium prices.

    While the business made AUD 23 million more from vanadium in the full-year, the second-half contribution was down almost AUD 21 million from the first half, due to weaker prices. Export volumes were “broadly consistent.”

    Glenbrook is the country’s only producer of steel which it makes by smelting local iron sands with local and imported coal. It uses vanadium for hardening steel but also sells vanadium slag from its smelting to offset its other production costs.

    NZ Steel’s brands include Colorsteel, Axxis and Zincalume. It also operates the Pacific Steel reinforcing business it acquired from Fletcher Building in 2015. Last October it also acquired a 16 percent stake in listed distribution firm Steel & Tube to prevent a take-over by Fletcher Building.

    NZ Steel also operates the North Head iron sands mine, having sold the more southerly export-focused Taharoa mine in 2016 as part of a string of initiatives to keep the New Zealand business profitable.

    BlueScope noted that domestic New Zealand volumes had been strong, on the back of “buoyant” building and construction activity. The infrastructure segment remained “particularly strong due to ongoing government expenditure on roads, retaining walls and bridges.”

    Source : BusinessDesk
  18. forum rang 10 voda 20 augustus 2019 16:36
    Tokyo Steel Keeps Product Prices Steady in September

    Reuters reported that Tokyo Steel Manufacturing Co Ltd, Japan’s top electric-arc furnace steelmaker, would hold its steel product prices steady in September because of high inventories at home and a weaker overseas market. That is the second month the company has kept prices unchanged for all its steel products, including its main H-shaped beams. For September, prices for steel bars, including rebar, will remain at 64,000 yen (USD 602) a tonne, while H-shaped beams will stay at 85,000 yen (USD 780) a tonne. Tokyo Steel Managing Director Kiyoshi Imamura told reporters at a briefing that “Domestic supply flow has been slow due to the summer holiday season, but local inventories have started to come down slowly.”

    He added that “We expect local demand to pick up in the October-March second-half, although it may take some time to see a further reduction in local stockpiles.”

    Mr Imamura added that overseas demand, meanwhile, is expected to stay flat, with the prolonged US-China trade row and intensifying geographical and political risks in some areas.

    Source : Reuters
  19. forum rang 10 voda 20 augustus 2019 16:46
    EU Lifts Safeguards on Brazilian Stainless Steel Imports

    BN Americas reported that The European Union has lifted safeguards on stainless steels and profiles from Brazil. Head of Brazil's steel association IABr, Marco Polo de Mello Lopes, said “It is positive as both steel products can now look to gain more market, and also because stainless steels have higher added value.”

    However, the EU maintained a specific quota for Brazilian cold-rolled steel products and upheld the exclusion of semi-finished steel from the country.

    Source : BN Americas
  20. forum rang 10 voda 20 augustus 2019 16:47
    Vedanta Planning to Expand Steel Capacity in India

    Financial Express reported that after its foray into the steel business, Vedanta has set its sights on being among the top three-four steel makers in India, planning to expand its steel capacity to 10 million tonne per annum from the present 1.5 million tonne per annum in the next five to six years. The natural resources major acquired Electrosteel Steels, a primary producer of steel and downstream value-added products, for INR 5,320 crore in June last year. ESL has a greenfield steel plant with a capacity of 1.5 million tonne per annum near Bokaro in Jharkhand state. The production ramp-up plan would entail ESL’s capacity being doubled to 3 MTPA in the next two years, with an investment of around INR 4,000 crore to INR 5,000 crore. The second phase of the plan may see the capacity of the Jharkhand plant being upped to 6 million tonne per annum. To further increase capacity to 10 million tonne per annum, the group could go for greenfield projects or acquisitions. For greenfield projects, sites in West Bengal and South India are on the company’s radar.

    Shortly after acquiring ESL, Vedanta announced capacity expansion of the Bokaro plant in phases, with an investment of USD 3 billion to USD 4 billion. But ESL needed to make a turnaround before any capacity expansion could take place. And this was achieved through operational and commercial initiatives and rebranding of products. The company posted an Ebitda of USD 130 per tonne to USD 140 per tonne at the end of the last fiscal, as against USD 65 per tonne at the time of the acquisition. Production stood at around 1.2 million tonne at the end of FY2018-19, posting 17% YoY growth. Focussing on a more profitable product mix, the steel maker has recently launched a rebranded steel portfolio that includes TMT bars, wire rods, ductile iron pipes, billets and pig irons.

    Source : Financial Express
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