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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 ... 248 249 250 251 252 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 21 juni 2015 14:52
    Sales of flat steel by Brazilian distributors fall in May

    Brazil’s domestic sales of flat steel declined 27 percent in May, year-on-year, to 269,300 mt, according to data from the nation’s steel distributors association, Inda.

    In the comparison with April, domestic sales of flat steel by Brazilian distributors declined 9 percent, month-on-month. Distributors purchased 253,000 mt of flat steel in May, down 32.2 percent, year-on-year, and 15.6 percent month-on-month.

    Meanwhile, imports in the fifth month of the year totaled 175,700 mt, down 21.8 percent, year-on-year, but 19.6 percent up month-on-month.

    According to Inda, local distributors are expecting both purchases and sales of flat steel in June to decline 5 percent in the comparison with May.

    In the cumulative period of January-May flat steel sales reached 1.54 million mt, 18.5 percent down year-on-year. Purchases in the period declined 14.1 percent, year-on-year, to 1.57 million mt, it said.

    Steel inventories in May reached 1.08 million mt, 1.5 percent down month-on-month.

    Source : SteelOrbis
  2. forum rang 10 voda 21 juni 2015 14:53
    S&P upgrades POSCO's rating outlook to stable

    Global credit appraiser Standard & Poor's said Wednesday it has revised up its credit outlook for South Korean steelmaker POSCO Co. to "stable" from "negative," citing the firm's recent efforts to improve cash flow.

    S&P credit analyst Han Sang-yun said “We expect credit metrics for POSCO to improve this year, and for the company to start generating positive free operating cash flow for the first time since 2010 thanks to significant nondebt financing, declining capital investment, and stabilizing operating performance.”

    According to the credit appraiser “The steelmaker's long-term corporate credit rating was maintained at the current "BBB+" level, with its debt to EBITDA forecast to "improve and remain below (S&P's) downgrade trigger of 3.5 times over the next 24 months.”

    The credit appraiser attributed its outlook revision to the steelmaker's moves to raise cash by selling assets, including the recent sale of a 38-percent stake in its construction arm, POSCO Engineering & Construction Co. (POSCO E&C), to Saudi Arabia's state-run Public Investment Fund (PIF).

    The rating for POSCO's construction unit was also revised up to "stable" from the previous "negative," with the long-term corporate credit rating staying pat at the "BBB-" level, according to S&P.

    Source : Yonhap News
  3. forum rang 10 voda 21 juni 2015 14:54
    H1 construction steel shipments to Russian market fall - Evraz

    Russian steelmaker Evraz said on that its shipments of construction steel to the Russian market fell by 20 percent in the first half of 2015 compared with the same period a year ago.

    Evraz also said in a statement that capital expenditure (capex) on maintenance was expected to reach $335 million this year, with development capex at $215 million. Its total debt totalled $6.8 billion at the end of May, the company added.

    Source : Reuters
  4. forum rang 10 voda 21 juni 2015 14:57
    AK Steel Breaks Ground for New World-Class Research and Innovation Center

    AK Steel broke ground for its world class Research and Innovation Center at a ceremony held in Middletown, Ohio. The ceremony marked the start of construction of the company's new 135,000 square foot facility, which is being built on a 16-acre site in the city's Renaissance District. he site is located in the Cincinnati – Dayton growth corridor along Interstate 75.

    AK Steel said that the $36 million facility will be customer-focused, providing advanced technical support to the company's valued customers, as well as developing new and improved steel products for a number of markets.

    Mr James L Wainscott, AK Steel's Chairman, President and CEO said "Today's groundbreaking ceremony represents another important milestone in AK Steel's long history of innovation in steelmaking technology. Once completed, our new state of the art Research and Innovation Center will provide our talented researchers, scientists and engineers with the tools they need to accelerate development of future game-changing products and processes."

    Mr. Wainscott added, "Throughout our company's rich history, it has been the commitment to research that has made us a leader in innovation. While our current research facility in Middletown has served us well for many years, it is time for a new, world-class facility to meet the needs and demands of our business in the 21st century."

    The new facility will be home to the company's 76 researchers, scientists and engineers who will perform leading-edge research, applications engineering, advanced engineering, product development, and customer technical services. The company also expects to add 15 new full-time research positions.

    The new building will feature some of AK Steel's stainless steel products as part of the exterior design. Other features of the new facility will include: state-of-the-art steel research and testing equipment and analytical tools; a Customer Experience lobby showcasing AK Steel's products and technologies, as well as the company's heritage of steelmaking; a tiered auditorium for technical conferences; and a Technical Information Center.

    Various types of new research equipment will be incorporated into the building for improved testing, design and modeling of new technologies and products, including the development of Next-Generation Advanced High Strength Steels for the automotive industry.

    The facility will also house pilot lines that simulate the company's steel manufacturing operations, ranging from melting and casting, to hot- and cold-rolling, to final finishing. The pilot lines will be used for enhancing existing products and experimentation for new and improved products. The pilot line section will include a high bay area with a mezzanine from which customers may view the pilot processes.

    AK Steel said construction of the new facility is expected to be completed by late 2016. The new Research and Innovation Center will replace the company's existing research facility that is located at another site in Middletown. AK Steel's largest steel manufacturing plant is also in Middletown, and the company's corporate headquarters is in nearby West Chester, Ohio, a northern suburb of Cincinnati.

    Source : Finance Yahoo
  5. forum rang 10 voda 21 juni 2015 14:57
    Mexico applies AD measures on cold-rolled steel sheets from China

    Mexico’s economy secretariat, SE, has applied definite AD duties on cold-rolled steel sheets from China.

    The decision, which was published in the nation’s official gazzete, Diario Oficial, follows a request from Ternium and Altos Hornos de Mexico (AHMSA).

    The AD duties range from 65.99 percent to 103.41 percent.

    Imports from Baoshan Iron & Steel will pay a 65.99 percent tariff. Purchases from Tangshan Iron and Steel Group will pay an 82.08 percent duty, while imports coming through Beijing Shougang, Shougang Jingtang and all other Chinese companies will pay a 103.41 percent tax.

    SE said the AD measures will take effect on Saturday, June 20.

    Source : SteelOrbis
  6. forum rang 10 voda 21 juni 2015 14:58
    Russian steel industry does not feel direct impact of EU sanctions — Severstal CEO

    ITAR-TASS reported that Severstal CEO Mr Alexey Mordashov told TASS Thursday at the St Petersburg International Economic Forum (SPIEF-2015) that European sanctions have only an indirect impact on the Russian ferrous metallurgy market, in particular, due to the decrease in investment activity in the country

    Hee said "If we are talking about the industry, we do not see the direct effect of sanctions on ferrous metallurgy in Russia at all. Steel companies were not subject to sanctions. But indirectly we feel the effect. And the effect is in the impact on investment activity in the country. We produce investment goods, and how much people are willing to invest in projects to build houses, buy cars, is affecting demand for our products.”

    He added that one should not overestimate the impact of sanctions. On the contrary, according to Mordashov, European sanctions stimulate the domestic Russian market to develop, for example, in terms of import substitution.

    Source : ITAR-TASS
  7. forum rang 10 voda 21 juni 2015 14:59
    Chinese steel industry ripe for consolidation - Sanford C Bernstein

    Bloomberg citing Sanford C Bernstein & Co reported that China’s steel industry is poised for consolidation as flagging demand and falling profits allow the government to create more dominant companies

    Bernstein analysts in a report this week said “The financial health of Chinese mills has deteriorated amid an economic slowdown that’s reducing demand for steel after decades of growth. This may pave the way for a government-backed wave of mergers, a plan first announced a decade ago.”

    It said “Although the steel industry has shown little political will in the past, we believe it will be different this time around. With falling steel prices, negative domestic demand growth, and deteriorating financial health, the steel industry is ripe for consolidation.”

    It added “China’s government is expected to publish later this month a new consolidation plan for the steel industry, which would target putting the top 10 producers in control of at least 60 percent of the country’s output by 2025. Poor profitability, as well as a focus by the central leadership on reducing pollution and wider industrial overcapacity, should help the government reach its target.”

    Steelmakers worldwide are competing against a surge in Chinese exports as the country’s mills seek overseas markets for its surplus. Steel production in China dropped 1.6 percent in the first five months of this year while outbound shipments rose 28 percent.

    Source : Bloomberg
  8. forum rang 10 voda 21 juni 2015 15:17
    China Australia Free trade pact to cut costs of coal and iron ore

    The landmark signing of a free trade agreement between China and Australia on Wednesday will further ensure the supply of commodities to the world's second-largest economy, helping Chinese users cut costs for materials such as coal and iron ore

    After more than a decade of negotiations, the two sides signed the China-Australia Free Trade Agreement, giving Chinese steel companies and power stations more choices when they need to import iron ore and thermal coal.

    Mr Zhang Lin, a senior researcher at the Lange Steel Information Research Center said “But the pact "will bring tougher competition to Chinese miners, which are already suffering from a weak market and falling prices. China's economic slowdown has caused lower steel demand, which resulted in declining iron ore imports. It will cause worries among Australian miners because the mining industry contributes about half of the country's economic growth."

    Australia is the biggest iron ore supplier to China, providing about two-thirds of total demand. The agreement will help Australian iron ore miners sell their output on preferential terms to buyers in China, which will be beneficial to the Australian economy.

    Australian coal producers will also benefit. Under the agreement, tariffs on coking coal exported from Australia to China will end, falling from 3 percent to zero immediately. The tariff on thermal coal is being phased out over two years, and there will be tariff eliminations on a wide range of Australian manufactured goods, including pharmaceutical products and vehicle engines.

    Source : China.org.cn
  9. forum rang 10 voda 21 juni 2015 15:18
    Iron ore stable at USD 60 although analysts remain bearish

    Iron ore's steady descent toward USd 60 a tonne has been halted overnight as investors paused after a roller-coaster three weeks, despite the release of further negative analyst commentary. The latest to weigh in was Citi, which revised its near-term forecasts higher but retained a view for a slump below USd 40 a tonne by year's end.

    At the end of the latest session, benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at USd 60.90 a tonne, in line with its prior close. It is the lowest mark since May 26 and follows four days of falls. However, the commodity remains well clear of April's 10 year low of USd 46.70 a tonne.

    Investors were continuing to weigh concerns of softening steel demand in China as steel prices hover around two month lows.

    Meanwhile, Citi has belatedly upwardly revised its bearish second quarter forecasts for iron ore to USD 58 a tonne, from USD 44 a tonne previously. The bank's analysts also revised their third quarter view upwards to USD 48 a tonne, from USD 36. It said "We still forecast iron ore to decline below US40 a tonne by end-2015 as increased low-cost supply and negative steel conversion margins weigh on the market.”

    On Thursday, Rio Tinto re-entered the debate on Chinese demand, retaining its long term optimism despite warning of weakness in the next couple of years. Rio's iron ore boss Mr Andrew Harding said in the resources giant's Mines to Markets magazine “In 2015 to date, China’s steel production has been much the same as last year. There is inventory in the housing sector that has to be run down, and that will lead to a few years of reduced consumption of new steel. But a year or two where there are short-term effects running shouldn’t sway us from the long-term outlook. "There’s no doubt in my mind about the strong long-term outlook for iron ore, since its growth is intrinsically linked to population and quality of life. The long-term drivers are fundamentally sound and will keep driving consumption forward, but you will have this period of transition."

    Source : Business Spectator
  10. forum rang 10 voda 21 juni 2015 15:44
    Coking coal quarterly contract benchmark dips by 15% QoQ

    Brief

    As per media reports, July-September quarter coking coal price contracts between Australian coal miners and Japanese steel producers are settled at USD 93 a tonne FOB for premium grades, down by 15% from the April-June quarter price of USD 109.5 a tonne FOB, and close to spot sales priced at USD 92 by BHP for delivery in July

    The lower settlement price covers about 20 million tonnes of Australian mined coal for the quarter. It is understood that the price settlement has been done by Anglo Coal for premium hard coking coal from its German Creek & Moranbah North mines and Glencore for its coal from Oaky Creek Mine

    BHP is pushing its clients to index based pricing while other miners want to operate quarterly price. While Japnese steel mills work on quarterly prices, they have used monthly/spot pricing of BHP to their advantage to bring down July-September quarterly price to such level

    The index price, which was around USD 104 FOB when price of April-June quarter was settled at USD 109.5, slid by about USD 20 during last two and half months to about USD 82 but gained about USD 5 during the last week of May'15 and has been hovering around the USD 88-89 band over the last 7-10 days. Spot cargoes of premium HCC have also been reported at around USD 92 FOB. However, the sudden spurt in index during the last week of May'15, when there were reports of sluggish demand in China, is difficult to comprehend and there seems to be more than it meets one's eye. It is perhaps for this reason that Japanese steel mills are resisting index based pricing ie it takes away the buyer's right to negotiate and budgetary forecast become difficult.

    Since the coking coal seaborne global trade is transacted in USD, while the Australian miners are enjoying the weakened AUD, the troubles for US based coking coal miners are mounting. Considering the generally acceptable freight differential discount of about USD 10 and mine to FOB freight of USD 27-28, the ex mine realization would translate to about USD 55-56, thus making it impossible for US coking coal miners. Thus, this quarterly settlement is likely to result in the exit of US coking coal from the Asian market and also lead to more mine closures in US.

    Current price levels are now causing discomfort for some Australian producers as well. This has been evidenced by production cuts announced by Peabody and Glencore. Anglo has announced their plan to find buyers for some of their Australian mines. This is despite the favourable Forex rate that the AUD enjoys vis-à-vis the USD. Should this trend continue, we may see Australian mines meeting the same fate as is being experienced by some of the Australian iron ore producers.

    Source - Strategic Research Institute
  11. kenner66 22 juni 2015 14:43
    BRUSSEL (AFN) - De wereldwijde productie van staal is in mei met 2,1 procent gedaald op jaarbasis, tot 139 miljoen ton. Dat meldde de World Steel Association maandag.
    De afname deed zich over een breed front voor. Zo produceerde China als 's werelds grootste staalfabrikant bijna 2 procent minder dan een jaar eerder. In Japan zakte de staalproductie met 7 procent. Ook in Duitsland, Rusland, de Verenigde Staten, Zuid-Korea en Italië nam de productie af. Spanje en Frankrijk brachten meer staal op de markt dan in mei 2014.
    In maart en april nam de internationale productie van staal ook al af.
  12. forum rang 10 voda 22 juni 2015 16:18
    Wereldwijde staalproductie neemt verder af

    Gepubliceerd op 22 jun 2015 om 14:16 | Views: 1.887

    BRUSSEL (AFN) - De wereldwijde productie van staal is in mei met 2,1 procent gedaald op jaarbasis, tot 139 miljoen ton. Dat meldde de World Steel Association maandag.

    De afname deed zich over een breed front voor. Zo produceerde China als 's werelds grootste staalfabrikant bijna 2 procent minder dan een jaar eerder. In Japan zakte de staalproductie met 7 procent. Ook in Duitsland, Rusland, de Verenigde Staten, Zuid-Korea en Italië nam de productie af. Spanje en Frankrijk brachten meer staal op de markt dan in mei 2014.

    In maart en april nam de internationale productie van staal ook al af.
  13. forum rang 10 voda 22 juni 2015 16:28
    Chinese steel mills exporting at less than cost ie at loss - Report

    Sources told Reuters that some Chinese steelmakers are selling their products abroad at a loss, traders and a producer told Reuters, as a group of global industry bodies urged governments to take action over rising shipments from China.

    Traders and a producer in Hebei, China’s top steel-producing province told the news service that Chinese mills had sold steel overseas at a loss of up to CNY 200 (USD 32) a tonne and cut the export price of hot-rolled coil by 5% to USD 340 - 350 per tonne FOB last week as compared to previous week

    The source added that these mills were also selling at a loss to the domestic market

    The sources said “The domestic market is too weak to consume high output and our prices are competitive, so some mills are still keen to step up exports, hoping to ease high inventories and maintain market share.”

    China exports around 10 percent of its annual steel output from hundreds of steelmakers and it was unclear the quantity of steel the traders and official were referring to.

    China’s steel exports rose 28 percent to 43.5 million tonnes in January-May, even as domestic crude steel output fell nearly 2 percent. In 2014, exports jumped 51 percent to a record 93.78 million tonnes.

    Source : Reuters
  14. forum rang 10 voda 22 juni 2015 16:30
    Japanese crude steel output falls for 9th month in May

    Japan's crude steel output fell 7 percent in May from a year earlier, the ninth straight monthly fall, as slack car consumption and slower government spending on public works battered steel demand. The continued decline is in contrast with recent data which underlined an upbeat mood among Japanese manufacturers and retailers.

    In May, steel production slid to 8.92 million tonnes, the Japan Iron and Steel Federation said on Friday.

    JISF said "Automakers are still making production adjustments due to high inventories. That is affecting steel demand. Behind the weaker steel output was also a drop in public works due to slower budget implementation by the government than a year ago. But that will likely change from July as the budgets are expected to be executed.”

    The Ministry of Economy, Trade and Industry (METI) said in April that Japan's crude steel output for April-June is forecast to drop 7.8 percent from a year earlier to the lowest for the quarter in six years.

    Source : Reuters
  15. forum rang 10 voda 22 juni 2015 16:30
    TATA Steel UK workers strike suspended

    UK trade unions on Friday suspended the strike action scheduled for June 22 after a new pension offer from Tata Steel UK, which keeps British Steel Pension Scheme (BSPS) open. A planned strike by Tata Steel workers has been suspended. Members of Community, Unite, the GMB and Ucatt were due to walk out on Monday in protest at plans to close their final salary pension scheme.

    The decision to suspend the strike was taken at a meeting in London of 100 senior trade union delegates from across the company.

    The new pension offer had been reached earlier this week following talks between Tata Steel and the unions facilitated by the conciliation service Acas. They will be balloted over a new offer, which unions said keeps the British Steel pension scheme open. The unions are recommending that the deal is accepted.

    A Tata Steel spokesman said, "We are pleased that a meeting of trade union delegates from Tata Steel sites across the UK today agreed to recommend to members a proposal which would enable UK employees to retain a modified final salary pension scheme. The decision recognises the substantial shortfall in the pension fund and the need to jointly address it, given the challenging business environment in the UK. The recommended proposal includes fair and balanced modifications to existing scheme arrangements to achieve this. We believe that the proposal continues to provide employees with a high-quality pension. The company hopes employees will recognise this recommendation as a positive way forward on pensions provision and one that gives us an opportunity to continue to work together to return the UK business to a profitable and sustainable future."

    Earlier this week, Unions -- Community, Unite, Ucatt and GMB -- had temporarily suspended industrial action at Tata Steel. However, the plan for strike action on June 22 was not changed.

    Source : dnaindia.com
  16. forum rang 10 voda 22 juni 2015 16:31
    AK Steel provides second quarter earnings guidance

    AK Steel has provided guidance for its second quarter 2015 financial results. AK Steel said that it expects to report a net loss of $0.37 to $0.42 per diluted share of common stock for the second quarter of 2015. AK Steel said that the company's expected second quarter results continued to be negatively impacted by lower carbon steel prices due to the continued high level of what the company believes are unfairly traded imports.

    Source : Strategic Research Institute
35.173 Posts
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