Van beleggers
voor beleggers
desktop iconMarkt Monitor
  • Word abonnee
  • Inloggen

    Inloggen

    • Geen account? Registreren

    Wachtwoord vergeten?

Ontvang nu dagelijks onze kooptips!

word abonnee

Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,800 19 apr 2024 15:44
  • 0,000 (0,00%) Dagrange 23,440 - 23,840
  • 1.272.254 Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 392 393 394 395 396 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 13 april 2016 18:47
    AISI update on raw steel production in US in Week 14

    In the week ending April 9, 2016, domestic raw steel production was 1,656,000 net tons while the capability utilization rate was 70.8 percent. Production was 1,649,000 net tons in the week ending April 9, 2015 while the capability utilization then was 69.8 percent. The current week production represents a 0.4 percent increase from the same period in the previous year. Production for the week ending April 9, 2016 is up 0.4 percent from the previous week ending April 2, 2016 when production was 1,650,000 net tons and the rate of capability utilization was 70.6 percent.
    ce.

    Source : Strategic Research Institute
  2. forum rang 10 voda 13 april 2016 18:49
    Steel shipments in US in Februray down by 1.3% MoM

    The American Iron and Steel Institute reported that for the month of February 2016, U.S. steel mills shipped 6,939,442 net tons, a 1.3 percent decrease from the 7,031,307 net tons shipped in the previous month, January 2016, and a 0.2 percent increase from the 6,925,596 net tons shipped in February 2015. Shipments year-to-date in 2016 are 13,970,749 net tons, a 4.9 percent decrease vs. 2015 shipments of 14,688,338 net tons for two months.

    Source : Strategic Research Institute
  3. forum rang 10 voda 13 april 2016 18:50
    Tata Steel UK's sale of long products business to Greybull is credit positive - Moody's

    Tata Steel UK's (TSUK, unrated) signing of an agreement to sell its European long products business to UK-based investment firm, Greybull Capital (unrated), is credit positive for its parent, Tata Steel UK Holdings (TSUK Holdings, B3 negative), and ultimate parent, Tata Steel (Tata Steel, Ba3 negative), Moody's Investors Service has said.

    "However, the agreement will not immediately affect our ratings for Tata Steel and TSUK Holdings, based on the information so far on the amount of liabilities and debt to be transferred," it said.

    TSUK announced the signing of an agreement to sell its European long products businesses for a nominal consideration, in exchange for Greybull taking on the entire long products business, including assets and relevant liabilities, and securing an appropriate funding package for the divested business on April 11.

    "Even though the sale is for a nominal consideration, it is credit positive for TSUK Holdings because it would dispose a part of TSUK Holdings' loss-making operations, and reduce the drag on the company's profitability," Moody's stated.

    Tata Steel's European business reported EBITDA (earnings before interest, taxes, depreciation and amortization) losses for the nine months ending December 2015. The sale of the long products business will encompass the Scunthorpe steel plant, two beam mills in Teeside, an engineering workshop in Workington, a design consultancy in York, a mill in northern France and associated distribution facilities.

    Conditions precedent to the divestment include the transfer of contracts, obtaining of necessary government approvals and completion of financing arrangements. Tata Steel announced its intention to restructure/divest its entire UK business in March this year.

    With the sale of the long products business to Greybull, the balance of its UK business comprises primarily of its operations at Port Talbot, which manufacture slabs, hot rolled coils, cold rolled coils and galvanized coils.

    "While the sale of the long products business to Greybull and the company's intention to restructure/divest the UK business is credit positive, the extent of the impact on TSUK Holdings' corporate family rating will depend on proceeds—if any—to be received on a potential divestment of its Port Talbot operations and a reduction in operating expenses following the divestment," Moody' said.

    The extent of impact would also depend on any additional pension-related costs to be incurred by TSUK Holdings, (5) TSUK Holdings' pro forma debt/capital structure and an improvement in TSUK Holdings' financial leverage, it said.

    "The sale of the long products business amid a challenging economic environment is credit positive, although a timely and seamless divestment of the UK business is a key rating sensitivity," Moody's said.

    Source : Times of India
  4. forum rang 10 voda 13 april 2016 18:53
    South Asia remains world's fastest growing region – World Bank

    Led by robust growth in India, South Asia shows resilience in the face of turbulent international markets and remains the fastest-growing region in the world, with economic growth forecasted to gradually accelerate from 7.1 percent in 2016 to 7.3 percent in 2017, a World Bank report said. According to the twice-a-year South Asia Economic Focus, the region's economic performance prospects remain strong due to its limited exposure to global turbulence, coupled with increasing investment activity. However, there are also signs of fading tailwinds. Capital flows to the region have declined and remittances from oil exporting countries have started to weaken. Fuel and food prices remain low but are unlikely to keep falling. As a result overall output growth is slower than previously anticipated and inflation has recently been creeping up.

    Source : Strategic Research Institute
  5. forum rang 10 voda 13 april 2016 19:01
    World Bank sees Smederevo steel mill privatisation as a good news

    Tanjug recently reported that chief World Bank economist in Serbia Mr Lazar Sestovic said that the privatisation of the Smederevo steel mill is positive news, as is the fact that one of the world's biggest companies in the sector is interested in the plant

    After the presentation of a regular economic report on southeastern Europe, Sestovic told reporters that he hopes that the steel mill and its new partner will be able to restore production to the pre-crisis, 2008 level.

    He said "I hope that production will be restored to the pre-crisis level although there are numerous factors that Serbia has no direct impact on, such as the global steel price and the policy of openness and closeness of major European and American markets.”

    It is good that China's He Steel is interested in the steel mill because it definitely has its own distribution channels, which will have a good impact on Serbia, too, he said.

    The Smederevo steel mill used to export around USD 1 billion worth of steel a year, which was equivalent to around three percent of GDP at the time, he added.

    Source : Tanjug
  6. forum rang 10 voda 13 april 2016 19:12
    Prince William and Kate discuss British steel crisis with Indian PM Narendra Modi

    Belfast Telegraph reported that the Duke and Duchess of Cambridge have discussed the crisis in the British steel industry with India's prime minister Mr Narendra Modi. William and Kate, who are touring India and Bhutan, chatted with Mr Modi, his officials and business and cultural leaders, about a range of topics including the issues facing steel manufacturers in their respective countries.

    A source said that among the matters raised during the informal talks over lunch between the Cambridges and Mr Modi was the pressures facing steel manufacturers in the UK and India

    It is not known who raised the issue first but it is likely that the conservation turned to Indian steel conglomerate Tata, which has put its UK steel business up for sale after heavy losses.

    William and Kate's discussions with the Indian prime minister about the steel industry are likely to be welcomed by some of the thousands of UK workers employed by Tata.

    Source : Belfast Telegraph
  7. forum rang 10 voda 13 april 2016 19:22
    India’s total finished steel market for 2016-17 likely at 85 million tonnes

    Mr Sushim Banerjee DG of Institute of Steel Growth and Development in his personal capacity wrote for Financial Express that There is a series of forecasts on the business outlook in the first month of the new financial year. While the global market is projected to experience a subdued growth (IMF predicts a lower than 3.4% global GDP growth in 2016 compared to 3.1% in 2015), the forecasts for global trade have been revised downwards (WTO measures 2.8% growth in global movement of goods and services in 2016). The PMI movement is on predictable lines. The global PMI at 50.5 in March is branded subdued and while the indices are largely falling in majority of countries (negative in Japan, Russia, South Korea, lackluster in the US, EU, China and Brazil), they are a good positive for India. The country is projected to have a strong GDP growth of 7.5% in 2016, the highest among the emerging and advanced countries and this is to be made a reality by a reasonably high investment in roads, railways and other infrastructure sectors.

    Although some genuine concern is expressed for an uncertain monsoon that may disrupt the smooth upward movement of the economy and falling trend in exports, the inflation continues to remain within a manageable level (5.5%-6%) and this has prompted RBI to cut down the repo rate by 25 basis points. To what extent it would lead to bringing down the cost of capital, depends on a multitude of factors like the ability of the banks to reformulate the NPAs, restructuring of the outstanding loans by the defaulters and actual demand for credit and growth momentum in manufacturing. The latter one being primarily dependent on the market outlook, the forecasts of the business in the coming quarters assume a critical dimension.

    Industrial growth in the first 10 months has reached 2.7% with manufacturing languishing at 2.5%. In order to achieve a respectable growth of minimum 4% in FY16, IIP and manufacturing need to grow at a much higher rate in the last two months. However, keeping in view the current discrepancy between GVA and physical output, the higher growth in GVA for industry as well as manufacturing to the level of 8.3% and 9.5% in FY16 compared to 4.9% and 5.5% in FY15 would have a positive impact on the business outlook with conditionality. Also the March PMI at 52.4 for India instills a higher aspiration for a better business scenario.

    For the steel sector, the increasing trend in iron ore ($54/t CFR China for 62% Fe) and marginally upward push to coking coal ($82/t FOB Australia for hard coking coal) and Brent crude oil prices ($42/t) and the current hike in global prices of HRC, CRC, Plates, Coated sheets, Rebars strongly imply that the phase of low prices of raw materials and steel are over. Despite predictions of a steep decline in economic growth leading to curbing of demand and exports, Chinese steel prices are exhibiting rise and not by an insignificant level. HRC is currently exported by China at $372/t fob port (with lower prices of CIS origin) which is around $50/t more than the marginal cost and almost recovers the operating cost.

    As Chinese HRC is facing abundant trade restrictions to gain access to many countries, the rise in prices would eliminate further anticipated trade curbs for China in the remaining markets. The resultant increase in Ebitda in steel is likely to be sustainable in the next few months. This would primarily imply that domestic market growth would be fully exploited by the producers.

    India’s steel consumption at 80.3 MT is projected to grow to 85.5 MT (@ 6.5% in the minimum) in FY17. Thanks to the government support for Indian steel industry, the import flow in FY17 is likely to be substantially lower compared to record flow of 11.2 MT of finished steel in the last year. Barring essential imports in CR, CRGO, Tin Plate, Pipes, Plates, special Bars including in alloy/stainless steel and those under Advanced Licences totaling around 4.5 MT, the other imports of around 7 MT (2015-16 level) would be available to the domestic producers.

    Thus the domestic market size available to the steel producers would be equivalent to 81 MT. This volume along with projected finished steel exports of 4.2 MT (a 10% growth over last year’s diminished tonnage) makes the total finished steel market for FY17 at 85 MT. Overall, the crude steel volume required to produce the total finished steel projected in the current year amounts to 94.5 MT which would be a 5.8% growth over CS production in last year at 89.3 MT and this is quite a likelihood under the current circumstances.

    Source : Financial Express
  8. forum rang 10 voda 13 april 2016 19:31
    Steelmakers in China must cut output to curb crisis - Wiley Rein LLP

    Bloomberg reported that according to a new study, the global steel market is staring at an escalating crisis caused largely by China and the Asian nation’s plans to deal with it will probably only make matters worse

    Wiley Rein LLP, a Washington-based law firm representing US steelmakers, said in a report dated April 13that “An unprecedented amount of overcapacity is distorting the market and threatening the viability of steel producers worldwide. The government in China, the world’s biggest producer, must take an active role to undo the excesses it has created, or else responsible steel producers will be forced to shutter facilities, make additional layoffs or enter bankruptcy..”

    According to the study’s authors, Alan Price, Christopher Weld, Laura El-Sabaawi and Adam Teslik, “China’s various government plans and policies, while purportedly intended to reduce capacity, in fact encourage and even subsidize upgrades and continued growth. The continuation of these policies is more likely to result in the maintenance and further expansion of Chinese steel capacity and production.”

    It said “The overcapacity crisis has reached alarming new heights. In the United States, the effects of this crisis are being felt most acutely in the form of record import levels, which are having severely injurious effects on the health of the US steel industry.”

    As per report “From 2004 to 2014, steel production gained 57 percent globally, with China accounting for 91 percent of the increase. Steelmakers plan to add additional capacity, despite the glut, with Wiley Rein forecasting capacity to increase some 103 million tons from this year to 2018.”

    The report was timed to be released as the office of the US Trade Representative and the Commerce Department hold a two-day public hearing in Washington on the status of the global steel industry and the impact on US industry, markets and overcapacity in general.

    Source : Bloomberg
  9. forum rang 10 voda 14 april 2016 16:43
    ArcelorMittal sluit contract met Voestalpine

    Gepubliceerd op 14 apr 2016 om 13:10 | Views: 3.693

    AMSTERDAM (AFN) - Staalconcern ArcelorMittal slaat op het gebied van staal voor de automotive industrie de handen ineen met het Oostenrijkse Voestalpine. Dat maakte de onderneming donderdag bekend, zonder financiële details te melden.

    De bedrijven bundelen hun expertise op het gebied van zogeheten geharde PHS-directform. Deze staalvariant is speciaal voor de auto-industrie ontwikkeld en is relatief eenvoudig in een bepaalde vorm te krijgen. Daarnaast is het zeer sterk, corrosiebestendig en vooral licht van gewicht.
  10. forum rang 10 voda 14 april 2016 17:10
    worldsteel sees 0.8% YoY degrowth in global steel demand in 2016

    The World Steel Association has released its Short Range Outlook (SRO) for 2016 and 2017. worldsteel forecasts that global steel demand will decrease by -0.8% to 1,488 million tonnes in 2016 following a contraction of -3.0% in 2015. In 2017, it is forecast that world steel demand will return to growth of 0.4% and will reach 1,494 million tonnes. Commenting on the outlook, Mr TV Narendran, Chairman of the worldsteel Economics Committee said "The economic environment facing the steel industry continues to be challenging with China's slowdown impacting globally across a range of indicators contributing to volatility in financial markets, sluggish growth in global trade and low oil and other commodity prices. The global steel market is suffering from insufficient investment expenditure and continued weakness in the manufacturing sector. In 2016, while we are forecasting another year of contraction in steel demand in China, slow but steady growth in some other key regions including NAFTA and EU is expected. Growth for steel demand in all markets except China is expected in 2017."
    .

    Source : Strategic Research Institute
  11. forum rang 10 voda 14 april 2016 18:45
    Een dagje oud, maar toch leuk om het terug te lezen...

    ArcelorMittal upgraded at Credit Suisse, which sees first upcycle in five years

    Apr 13 2016, 15:56 ET | About: ArcelorMittal (MT) | By: Carl Surran, SA News Editor

    ArcelorMittal (MT +6.5%) is upgraded to Outperform from Neutral with a $7.50 price target, lifted from $6, at Credit Suisse, which believes the company is starting its first upgrade cycle in five years.

    Credit Suisse raises its 2016 EBITDA outlook to $5B from $4.4B and 2017 EBITDA to $6.8B from $6B - the firm's second increase to its MT estimates in a month - saying, "The cycle recovers sharply and our conviction strengthens that this is a real cycle and not just a seasonal uptick."

    Potential upcoming catalysts for the stock include movement in steel, moves in iron ore and scrap prices, and Q1 results, of which the firm sees "some risk the market gets excessively optimistic about imminent upgrade risk, but the outlook should be bullish."

    Goldman Sachs yesterday added MT to its Conviction Buy List amid an encouraging near-term outlook for the European steel industry.
  12. max21 14 april 2016 20:44
    ustr.gov/about-us/policy-offices/pres...
    Chinese Export Subsidies Under the “Demonstration Bases-Common Service Platform” Program Terminated Thanks to U.S.-China Agreement
    China Agrees to Dismantle Prohibited Export Subsidies After U.S. Challenge in WTO

    Washington, D.C. – United States Trade Representative Michael Froman today announced that the United States and China have signed an agreement terminating the export subsidies China has provided through the “Demonstration Bases-Common Service Platform” Program.

    Following a dispute brought by the United States in the World Trade Organization (WTO), China has effectively terminated the challenged Program channeling export-contingent subsidies to Chinese enterprises across seven economic sectors, and dozens of sub-sectors, located in more than 179 industrial clusters. China has terminated the “Common Service Platform” subsidies to “Demonstration Base” enterprises and will remove export-contingent criteria from the “Demonstration Bases”. Termination of prohibited export subsidies under the “Demonstration Bases-Common Service Platform” Program will help level the playing field for American workers and businesses in the many affected sectors.

    “Today we have signed an agreement with China to eliminate export subsidies that the United States challenged because they are prohibited under WTO rules. This is a win for Americans employed in seven diverse sectors that run the gamut from agriculture to textiles to medical products, who will benefit from a more level playing field on which to compete. This agreement once again underscores that President Obama’s commitment to enforce our trade rights aggressively to secure real economic results for American workers, farmers, and businesses of all sizes and in every part of the country,” said U.S. Trade Representative Michael Froman.

    “As a result of USTR’s extensive efforts, this agreement addresses all elements of the massive and complex export subsidy program. China has now issued and provided more than 130 directives, instructions, and notices to address U.S. concerns. The transparency provisions of the agreement give us a solid basis to monitor closely and confirm whether the terms of the agreement are being met.”

    “This agreement shows our dedication to ensuring that American workers and businesses have the opportunity to compete fairly, supporting high-quality U.S. jobs and strengthening the middle class. It also demonstrates the resolve with which we will enforce the high standards negotiated in the Trans-Pacific Partnership, whether on labor, environment, intellectual property rights or other commercial issues,” Ambassador Froman added.

    “Today's announcement demonstrates that strong trade enforcement actions can effectively level the playing field for American businesses and workers,” said U.S. Rep. David Price (D-NC-04). “We must continue to be vigilant in monitoring China's unfair trade practices and in calling for WTO arbitration to end any violations of our international trade standards and agreements.”

    “Trade is crucial for the agriculture industry in my California district,” said U.S. Rep. Sam Farr (D-CA-12). “Our growers play by the rules and we expect the same from our trade partners. This administration’s strong record of enforcing trade agreements and pushing for even higher standards in future deals ensures that everyone is playing on a level field.”

    “Today’s announcement that China will end its unfair export subsidies program sends a strong and important message that the U.S. will hold our trading partners accountable and enforce the trade agreements we have in place. If other countries want to trade with us, they must play by the rules or face the consequences,” said U.S. Rep. Rick Larsen (D-WA-8). “I am pleased USTR followed through on this case and is pushing to make sure our workers get a fair shot. Leveling the playing field is exactly why we have the WTO and rules of the road for international trade.”

    “This settlement helps level the playing field for American exports to China," said U.S. Rep. Henry Cuellar (D-TX-28). “Free trade is the backbone of a strong global economy, but it only works if everyone plays by the same rules. Making sure that China and all WTO members honor their agreements will encourage better market access through strong enforcement and accountability measures. This settlement demonstrates how our government needs to enforce the standards laid out in the Trans-Pacific Partnership and in all future trade agreements. We should count today's announcement as a victory for free trade.”

    “China has illegally subsidized manufacturers and producers across seven economic sectors – several of which directly harm businesses and farms in Washington’s First District,” said U.S. Rep. Suzan DelBene (D-WA-3). “I’m outraged by the unfair practices China has employed to manipulate markets and I will continue to fight for policies that support U.S. workers. We need strong rules and enforcement to ensure a level-playing field for U.S. businesses competing in the global market, which is why this ruling is so important.”

  13. forum rang 10 voda 15 april 2016 16:31
    Reaction to news China scrapping some export subsidies

    The US Trade Representative said on Thursday that China has agreed to scrap controversial export subsidies on a range of products from metals to agriculture and textiles. Following are highlights of reactions to the announcement from the steel industries

    Mr Mario Longhi, president and CEO of US Steel Corp said “People can say whatever they want, and I think China has been saying a lot of things for the past couple of decades. You need to ask yourself what, from a practical perspective, is really happening. We need to see the proof in actions, not just in verbiage."

    Karl Tachelet, trade director at European steel industry body EUROFER said “While it is clearly an important result, it is only one feature in a universe of other measures that China foresees for its steel sector. These include direct subsidies, soft loans from state banks, VAT rebates on some product categories, energy and input subsidies, and occasionally direct grants, among others. The issue at stake here is that China's approach is not transparent. This WTO ruling forced China to end the export subsidy, but rooting out the country's other distortionary measures is hampered by a lack of transparency about existing measures from China itself as the country does not notify the WTO, despite its theoretical obligation to do so."

    Mr Leo Gerard, president of United Steelworkers said "In four different sessions that the administration has had since 2009, China has promised to reduce its capacity. When that first meeting was held, their capacity was at 500 million (metric) tons and they're at 1.2 billion (metric) tons now. So you can't believe them."

    Source : Reuters
  14. forum rang 10 voda 15 april 2016 16:34
    worldsteel sees 0.8% YoY degrowth in global steel demand in 2016

    The World Steel Association has released its Short Range Outlook (SRO) for 2016 and 2017. worldsteel forecasts that global steel demand will decrease by -0.8% to 1,488 million tonnes in 2016 following a contraction of -3.0% in 2015. In 2017, it is forecast that world steel demand will return to growth of 0.4% and will reach 1,494 million tonnes. Commenting on the outlook, Mr TV Narendran, Chairman of the worldsteel Economics Committee said "The economic environment facing the steel industry continues to be challenging with China's slowdown impacting globally across a range of indicators contributing to volatility in financial markets, sluggish growth in global trade and low oil and other commodity prices. The global steel market is suffering from insufficient investment expenditure and continued weakness in the manufacturing sector. In 2016, while we are forecasting another year of contraction in steel demand in China, slow but steady growth in some other key regions including NAFTA and EU is expected. Growth for steel demand in all markets except China is expected in 2017."

    There are several downside risks to our forecast: the Chinese real estate market and corporate debt problem, anxiety in the financial markets, high (household) debt and volatile capital flows in many emerging economies, geopolitical tensions and unstable political situations in several regions could further worsen the global economic environment.

    On a positive note, some emerging economies in South and Southeast Asia show resilient growth and along with NAFTA and the EU will support a recovery in 2017. We expect that steel demand outside China will continue to grow by 1.8% in 2016 and this growth will accelerate to 3.0 % in 2017.”

    China expected to remain in negative territory
    While rebalancing progresses, the Chinese economy continues to decelerate. The severe depression in construction activities is contributing to a slowdown in the manufacturing sectors, especially metal products, as well as slower growth in automotive. A recovery for the construction sector is not forecast in the near future. The decline in steel demand in China is expected to be -4.0% in 2016 followed by -3.0% in 2017. This suggests a demand of 626.1 Mt steel (15% down from 2013) for 2017, a contraction to 41.9% of world steel use from 47.9% in 2009 and 44.8% in 2015.

    Low commodity prices indicative of slow economic growth
    Falling oil and gas related investments and the squeeze on government spending have affected steel demand in economies relying on oil based revenue. On the positive side, lower oil prices have alleviated inflationary pressure in oil importing countries, giving room for monetary stimulus to boost economic growth and providing opportunities for structural reforms. We believe that the commodity markets are at or near the bottom of this cycle.

    Slowing growth in global trade bites manufacturing growth
    With the deep integration of China in the global manufacturing supply chain, this sector has slowed as a consequence of weak growth in global trade. Manufacturing exports in emerging economies, in particular in Asia, declined owing to slower Chinese demand. The same is true for developed countries experiencing a reduction in the exports of consumer goods and machinery.

    Specifically, the mechanical machinery, metal goods and other transport sectors are weakening, but the automotive sector will maintain its growth momentum supported by strong demand in many countries.

    Outside China the construction sector is expected to maintain its mild, but steady recovery momentum particularly in India, the MENA and ASEAN regions.

    Emerging economies exposed to China’s slow down and financial market volatilities

    Steel demand in some emerging economies continues to perform below expectation. A worsening external environment in the form of weak exports, low commodity prices, capital outflows and currency devaluation add adversity to these economies. Geopolitical and internal national political tensions are present in many of emerging economies.

    Brazil and Russia are struggling with their internal and structural issues. Steel demand in both economies is expected to contract strongly in the period ahead. In particular, the Brazilian economy with its political uncertainty has resulted in a severe contraction in steel demand of -16.7% in 2015 and will contribute to a contraction of -8.8% in 2016 with a recovery of only 3.1% in 2017.

    India’s prospects are brightening due to low oil prices, the reform momentum and policies to increase infrastructure and manufacturing output. India’s steel demand will increase by 5.4% in both 2016 and 2017 reaching 88.3 million tonnes in 2017.

    In Turkey, steel demand is expected to grow by 3.3% in 2016 and 3.2% in 2017, supported by the government’s focus on pro-growth economic policies and low oil prices.

    Steel demand in the ASEAN 5 (Thailand, Malaysia, Vietnam, Indonesia, Philippines) is also expected to maintain a growth rate of around 6% despite their exposure to China due to their infrastructure building activities and will reach 74.6 million tonnes in 2017.

    Steel demand in the emerging and developing economies excluding China is forecast to grow by 1.8% and 4.8% in 2016 and 2017 respectively. Steel demand in these economies will amount to 457.1 million tonnes in 2017, accounting for about 30% of world steel demand.

  15. forum rang 10 voda 15 april 2016 16:35
    Deel 2:

    Developed economies’ recovery momentum maintained despite headwinds

    While developed economies are also feeling the effect of the worsening global economic environment, they are expected to maintain a stable recovery momentum. Steel demand in the developed economies will grow by 1.7% in 2016 and 1.1% in 2017.

    In the EU, a mild recovery in steel demand continues with generally improving economic sentiments and investment conditions. However, uncertainties in the political landscape related to the refugee crisis and Brexit raises risks to the improving economic condition. Steel demand in the EU is forecast to grow by 1.4% in 2016 and a further 1.7% in 2017.

    In the US, steel demand is dampened by the fall in oil prices and a strong dollar, but an improving job market and a robust housing sector will support steel demand. Steel demand in the US is expected to grow by 3.2% in 2016 and 2.7% in 2017.

    Steel Demand Forecasts - SRO April 2016, finished steel products

    Steel Demand Forecasts - SRO April 2016, finished steel products

    Period 2015 2016 (f) 2017 (f) 2015 2016 (f) 2017 (f)

    Regions Million tonnes Million tonnes Million tonnes YoY YoY YoY

    European Union (28) 153.3 155.4 158.1 2.8 1.4 1.7

    Other Europe 40.1 41.3 42.6 8.1 3 3

    CIS 50 46.3 48.4 -10.8 -7.4 4.6

    NAFTA 134.5 138.8 142.3 -8.4 3.2 2.6

    Central and South America 45.4 42.6 44 -7.3 -6 3.2

    Africa 39 40.5 43.1 4.3 3.8 6.5

    Middle East 53 54.3 56.4 -1 2.4 4

    Asia and Oceania 984.8 968.5 958.7 -3.3 -1.7 -1

    World 1 500.1 1 487.7 1 493.6 -3 -0.8 0.4

    Developed Economies 399.1 405.9 410.4 -4 1.7 1.1

    Emerging and Developing Economies 1 101.0 1 081.8 1 083.2 -2.7 -1.7 0.1

    China 672.3 645.4 626.1 -5.4 -4 -3

    MENA 72.1 74.4 78 -0.6 3.1 4.9

    Em. and Dev. Economies excl. China 428.6 436.3 457.1 2 1.8 4.8

    World excl. China 827.7 842.2 867.6 -1 1.8 3


    f - forecast

    Top 10 Steel Using Countries 2015 - SRO April 2016, finished steel products

    Countries 2015 2016 (f) 2017 (f) 2015 2016 (f) 2017 (f)

    Regions Million tonnes Million tonnes Million tonnes YoY YoY YoY

    China 672.3 645.4 626.1 -5.4 -4.0 -3.0

    United States 95.7 98.8 101.5 -10.6 3.2 2.7

    India 79.5 83.8 88.3 4.5 5.4 5.4

    Japan 62.9 64.4 63.6 -7 2.3 -1.2

    South Korea 56 56.3 56.4 0.9 0.6 0.2

    Russia 39.4 35.9 37.4 -8.4 -8.8 4.3

    Germany 39 39.5 39.9 -1.5 1.2 1

    Turkey 34.4 35.5 36.7 11.7 3.3 3.2

    Mexico 24.2 25 26.2 5.8 3.4 4.7

    Brazil 21.3 19.4 20.1 -16.7 -8.8 3.1

    f – forecast

    The Short Range Outlook is provided by the worldsteel Economics Committee, comprising of more than 40 of member companies and associations, which meets twice a year. The Committee considers country and regional economic trends, activity in steel consuming sectors and other publicly available information to compile a global overview on steel demand.

    Source : Strategic Research Institute
  16. forum rang 10 voda 15 april 2016 16:38
    US DOC recommends 64.81% subsidy on welded pipe imports from Pakistan

    On April 4, 2016, the Department of Commerce announced its affirmative preliminary determination in the countervailing duty investigation of imports of circular welded carbon- quality steel pipe from Pakistan. Commerce calculated a preliminary subsidy rate of 64.81 percent for the mandatory respondent, International Industries Limited. The preliminary subsidy rate is based on facts available and adverse inferences following Commerce’s preliminary determination that the mandatory respondent and the Government of Pakistan had not fully cooperated in the investigation. All other exporters/producers in Pakistan have also been assigned a preliminary subsidy rate of 64.81 percent.

    Source : Strategic Research Institute
  17. forum rang 10 voda 15 april 2016 16:41
    US Steel Scrap exports to Turkey in February dip by 33% YoY

    Scrap Register reported that United States steel scrap exports to Turkey has plummeted by 33% to 262,000 tons during February as compared to 391,000 tons a year early, as per the latest figures from the Department of Commerce (DOC).

    According to DOC data, US has exported a total of 1.03 million tons of steel scrap during February this year, an increase of 4.8% as compared to 983,000 tons a year early. The exports during February were up significantly by 86.9% as compared to 552,000 tons of steel scrap during January this year.

    US steel scrap exports to India advanced sharply by 352% year-on-year to 146,000 tons during February this year.

    Source : Scrap Register
  18. forum rang 10 voda 15 april 2016 16:42
    Metinvest Group adds boron steel to its steel products range

    Metinvest Group to expand its boron steel products line. For the first time in Ukraine, the agriculture machinery builders have an alternative to imported steel sheets. This type of rolled products is regularly imported from Turkey, Austria and Finland. Industrial production of boron steel gauged from 2.5 mm was launched in the beginning of this year.

    Source : Strategic Research Institute
35.173 Posts
Pagina: «« 1 ... 392 393 394 395 396 ... 1759 »» | Laatste |Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met je emailadres en wachtwoord.

Direct naar Forum

Premium

Herstel in zicht voor ArcelorMittal

Het laatste advies leest u als abonnee van IEX Premium

Inloggen Word Abonnee

Lees verder op het IEX netwerk Let op: Artikelen linken naar andere sites

Gesponsorde links