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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,530 25 apr 2024 14:36
  • -0,110 (-0,47%) Dagrange 23,500 - 23,690
  • 817.474 Gem. (3M) 2,5M

Nieuws en info hier plaatsen (deel 3)

1.513 Posts
Pagina: «« 1 2 3 4 5 6 ... 76 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 3 oktober 2012 16:43
    Iron ore carriers continue rally as demand picks up

    Returns for the largest ships hauling iron ore, at a four-month high, rose after Morgan Stanley said Asian demand for the commodity made last week the busiest of the year for the vessels.

    Daily earnings for Capesizes climbed 4.8% to USD 8,426, remaining at the highest since May 22, according to the Baltic Exchange. That helped the Baltic Dry Index, a measure of raw materials shipping costs, gain 1.4 per cent to 777, the highest since Aug 9, figures showed.

    One-time bookings for Capesizes rose to 36 vessels last week, against 30 the week before and the 2012 average of 21, Fotis Giannakoulis at Morgan Stanley said on Monday.

    Owners still face a vessel glut as the fleet grows three times faster than demand for seaborne iron ore, according to Clarkson Research Services.

    Source - businesstimes.com.sg

  2. forum rang 10 voda 4 oktober 2012 16:32
    TATA Steel Thailand to suspend furnaces until March 2013

    It is reported that TATA Steel Thailand decided to suspend its furnaces until March 2013 as the firm estimated to continue suffering from the loss from April 2012 through March 2013.

    TATA Steel Thailand said that its losses reached THB 1.58 billion in the year during April 2011 through March 2012 since the cheap imports of wire rod from China dumped into the Thailand market.

    In order to reduce the losses, TATA Steel Thailand decided to postpone its furnace until March 2013.

    At the same time, the firm is looking for partners to develop high value added products.

    Source - www.yieh.com
  3. forum rang 10 voda 4 oktober 2012 16:33
    Restart remains a distant dream for US Steel Hamilton plant

    Hamilton Spectator reported that the heart of US Steel's Hamilton plant has been silent for two years now and a restart remains a distant dream.

    It was on October 4th 2010, when the company shut down its Hamilton blast furnace, citing lack of demand for steel. Within days, however, it brought two American blast furnaces back into production.

    Since that day, the company has said repeatedly, most recently during its August 1st 2012 release of second quarter financial results, steelmaking in Hamilton will not resume without a sharp turnaround in demand and prices.

    The company's refusal to restart the Hamilton blast furnace continues to draw the anger of labor leaders and local politicians. They attack both the company for breaching jobs and production promises made in 2007 when it was given approval to buy Stelco, and the Harper government for not enforcing those promises. They remain angry that the government dropped a lawsuit against the company in exchange for vague promises of future investment and small community grants.

    Hamilton Mountain MP Mr Chris Charlton raised the issue again in Parliament, asking Industry Minister Mr Christian Paradis to take action.

    Mr Charlton said that "October 4th 2012 is the two year anniversary of the blast furnace being shut down at US Steel. People are still not back to their jobs. I wonder if the minister could stand up and explain to this House, but more importantly, to the members of USW Local 1005, what he is doing to act now to protect their jobs, when he rolled over so badly just a little while ago?"

    Mr Paradis responded by praising the Harper government for the tremendous undertakings it extracted from US Steel in exchange for dropping the suit. Those undertakings do not include commitments to future employment and production in Hamilton.

    Mr Wayne Marston, MP for Hamilton East Stoney Creek, said that he is still waiting for the net benefit Canada was supposed to get from allowing the sale of Stelco to the American company.

    He said that "We haven't seen any benefit from that takeover and that's a bloody shame. If there has been a net benefit to Canada from this, I don't see it."

    City councilor Mr Sam Merulla said that the situation shows an American company putting American interests ahead of Canadian workers. He added that "There is no reason that plant should not be operating except for American politics and economics. We have to keep up the pressure on our political leaders to protect Canadians and Canadian jobs."

    The Hamilton plant is not making steel, but is operating its coke oven battery, a galvanizing line and finishing operations, including a cold mill and the Z line, which produces coated steel for exposed auto parts. The plant currently employs 625 workers. The October 2010 blast furnace shutdown followed an idling between October 2009 and August 2010, the first time in a century no steel was produced at the plant.

    The continued shutdown remains a bitter point for Local 1005 of the United Steelworkers. In a recent bulletin to members, president Mr Rolf Gerstenberger accused the company of trying to wreck Canadian industry.

    He said that "This situation reveals a concerted attempt to wreck manufacturing in Canada so as to make a big score. Once Canadian companies become part of foreign empires, all control is lost as far as what is good for the Canadian economy. Local 1005 demands that the Hamilton blast furnace be started up without further delay."

    Source - Hamilton Spectator
  4. forum rang 10 voda 4 oktober 2012 16:34
    ArcelorMittal selects Triple Point's software to support steel and mining operations

    Triple Point Technology, the leading global provider of cloud and on premise Commodity Management software, announced that ArcelorMittal has licensed Triple Point's shipping software to support its steel and mining operations.

    ArcelorMittal is the world's leading steel and mining company, with 100 million tonnes of annual production capacity and a presence in more than 60 countries. It is the leader in all major global carbon steel markets, including automotive, construction, household appliances, and packaging. ArcelorMittal, with revenues of USD 94 billion, has a world class mining business with over 20 mines in operation and development.

    ArcelorMittal required an integrated chartering and vessel operations solution with comprehensive freight risk management capabilities to mitigate market exposure for cargoes, freight forward agreements, vessels, and bunkers. The company selected Triple Point's Chartering and VesselOps solution because it uniquely provides real time management of freight risk exposure, intuitive workflows, and consolidated vendor bunker rates for competitive price negotiation. Also key in ArcelorMittal's decision was the worldwide presence of Triple Point's Professional Services Group, which enables customers to be up and running in the shortest possible timeframe.

    Triple Point Chartering and VesselOps provides a global view of vessel movements, market cargo availability and existing cargo commitments. It enables the commercial maritime community to make more informed and proactive decisions, streamline day to day operations and protect profits. Chartering and VesselOps is used to manage commercial shipping operations at over eighty companies with 2,500+ users across the globe. Customers include Alfred Toepfer, Bunge Limited, Kuok Group, Louis Dreyfus Commodities, Viterra and Ultrabulk.

    Source- www.bobsguide.com
  5. forum rang 10 voda 4 oktober 2012 16:46
    Firm swaps point to iron ore bounce when Chinese return

    Reuters reported that gains in prices of iron ore forward swaps this week suggest spot rates could rebound when top consumer China returns next week after a holiday.

    The price of spot iron ore .IO62-CNI=SI ended the third quarter down more than 22%, its biggest three-month loss ever, as an economic slowdown in China slashed the country's appetite for the steelmaking raw material.

    Traders expect Chinese steel mills to replenish iron ore inventories after the October 1st 2012 to October 5th 2012 Golden Week break, with domestic steel prices slowly on the mend, and the country's steel production staying high.

    A Singapore based trader said that "Prices are probably going to push up a little bit because some mills, which have depleted stocks, need to restock."

    The trader said that but prices are unlikely to recover back soon to the USD 120 zone, a level last seen in July 2012, unless China's steel demand bounces back significantly.

    According to data provider Steel Index, benchmark iron ore with 62% iron content was unchanged at USD 104.20 a tonne for a fifth straight day on October 2nd 2012.

    The price of the November 2012 iron ore swap contract gained 55 cents to USD 106.67 a tonne on October 2nd 2012, reflecting investor expectations that spot rates will rise.

    The December 2012 contract rose 63 cents to USD 107, with further forward contracts also up, although the price gains were not backed by liquidity, with China's holiday sidelining many traders.

    The contracts are cleared by the Singapore Exchange, which clears the bulk of cash-settled iron ore swaps traded globally.

    Volume fell to 100 lots, or 50,000 tonnes, on October 2nd 2012 from Monday's 340 lots, well below last month's daily peak of nearly 4,000 lots, based on Singapore Exchange data.

    Iron ore hit a three year low of USD 86.70 in September 2012 and while prices have since recovered to stand above USD 100, they have struggled to push higher in the face of poor steel demand in the world's biggest consumer.


    Source - Reuters
  6. forum rang 10 voda 4 oktober 2012 16:47
    ArcelorMittal Kriviy Rih ups roll output 12pct in 9 month 2012

    Interfax reported that ArcelorMittal Kriviy Rih, Ukraine's biggest steel producer, raised finished roll production 11.7% YoY to 4.032 million tonnes in January to September.

    Crude steel production grew 15.9% to 4.764 million tonnes and pig iron was up 19.1% to 4.171 million tonnes. The plant produced 451,000 tonnes of roll, 552,000 tonnes of crude steel and 479,000 tonnes of pig iron in September.

    ArcelorMittal Kriviy Rih specializes in long products, in particular rebar and wire rod. Finished roll production fell 8.7% in 2011 to 4.938 million tonnes.

    Source - Interfax
  7. forum rang 10 voda 5 oktober 2012 15:35
    ArcelorMittal advies omlaag naar neutral bij Citi


    AMSTERDAM (Dow Jones)--Citi Research verlaagt het advies voor ArcelorMittal (MT.AE) naar neutral van buy en het koersdoel naar EUR11,30 van EUR17,00. Analisten van de Amerikaanse zakenbank zien afzwakkende vraag in de belangrijke markten voor het bedrijf. Ze verlagen de operationele winstverwachting voor 2013 en wijzen erop dat bij handhaving van het dividend de payout ratio oploopt tot 176%, iets dat ze niet als houdbaar zien. Het aandeel sloot donderdag op EUR11,24. (AGR)


    Dow Jones Nieuwsdienst: +31-20-5715200; amsterdam@dowjones.com
  8. forum rang 10 voda 5 oktober 2012 15:58
    China crude steel may hit 713 million in 2012 - CISA

    According to the data from China Iron & Steel Association, China’s crude steel output will be around 713 million tonnes as its daily output will be the same of about 1.89 million tonnes per day in August.

    The total output from January to August was 482 million tonnes higher than earlier estimation of 478 million tonnes. The total estimation of 713 million tonnes comes about 1.6% up from 2011 of 702 million tonnes.

    The growth rate is lower from 2011 since the last year rate was 12% output increase. It is expected that China will keep facing the problem of oversupply of steel and expected capacity will be over 900 million tonnes by the end of 2012 from the National Bureau Statistics’ figures.

    Source - YIEH.com
  9. forum rang 10 voda 5 oktober 2012 16:01
    Macroeconomic indicators - Chinese steel industry PMI rises in September - CSLPC

    According to report released by the China Steel Logistics Professional Committee, a part of the China Federation of Logistics and Purchasing the purchasing managers' index for the Chinese steel industry was at 43.5% in September rising by 3.6 percentage points from a month earlier.

    In addition, the PMI sub index for new orders rebounded by 9.3 percentage points from a month ago to 41.6% in September reflecting the market demand has been rising.

    Meanwhile, the daily sales volumes of steel products in the 76 major Chinese steelmakers in the second 10 days of September surged by 7.56% month on month.

    Source - YIEH.com
  10. forum rang 10 voda 5 oktober 2012 16:11
    Indian steel makers investing in iron ore pellet capacities

    Business Line reported that Indian steel makers are stepping up investments in beneficiation and pelletisation capacities in a move aimed at utilizing the low grade iron ore fines, which hitherto were considered as a mining waste.

    Mr Sudhir Srivastava senior VP of Metso Minerals India said that “Indian companies are increasingly investing in mineral processing technologies for beneficiating and pelletising iron ore fines.”

    He said that moreover, the gradual depletion of high grade iron ore reserves is prompting the steel makers and mineral companies to go for processing technologies.

    The Finnish firm Metso has signed up contracts with JSW Steel, JSPL, Essar and Bhushan Steel over the past one year to supply a host of equipments. SAIL is also in the process of setting up 4 million tonne a year pellet plant at Gua mines to utilise the iron ore fines.

    The Indian Bureau of Mines estimates the current pelletisation capacity in India at around 20 million tonnes a year. The country needs to create a pellet capacity of another 50 million tonne to meet the targeted steel making capacity of 180 million tonne by 2020.

    Source - Business Line

  11. forum rang 10 voda 5 oktober 2012 16:12
    POSCO submits LoI for ThyssenKrupp Steel Americas - Report

    Reuters reported that South Korean steelmaker POSCO has submitted a letter of intent to buy ThyssenKrupp AG's Steel Americas.

    As per report, POSCO has hired Credit Suisse as an advisor for the purchase and POSCO may form an alliance to buy the assets from Germany's biggest steelmaker.

    A POSCO spokesman declined to comment on the report, but said the company was studying Thyssen's assets.

    Source - Reuters
  12. forum rang 10 voda 5 oktober 2012 16:13
    TATA Steel to invest GBP 400 million in European unit

    WSJ reported that TATA Steel Limited, the world's eighth largest steelmaker by output, plans to invest GBP 400 million into its European unit this financial year ending March 2013.

    Mr Hemant Nerurkar MD of TATA Steel told reporters on the sidelines of an industry conference that the company plans to invest in improving the performance of the operations and in projects that provide a quick return.

    TATA Steel acquired the Anglo Dutch steelmaker Corus in 2007 and has renamed it TATA Steel Europe. The European unit has posted a fall in earnings over the past few quarters as the European financial crisis has hit industrial output and demand for the alloy.

    The company has laid off workers and sold off one of its plants in the UK to cut costs and turn around operations.

    Mr Nerurkar said that demand for steel continues to be subdued in Europe, but added that with proactive steps being taken by European governments to solve the financial crisis, demand may improve in the near term.

    He added that the company hasn't firmed up plans on how to raise the GBP 400 million, though he added a part of it will come from TATA Steel's own funds.

    Source - Wall Street Journal
  13. forum rang 10 voda 5 oktober 2012 16:13
    France President Mr Hollande at risk of losing gamble on steel furnaces

    Reuters reported that a quest by President Mr Francois Hollande to show he can halt industrial closures by rescuing two mothballed blast furnaces in northeast France risks backfiring, with industry experts doubting any buyer will come forward.

    Mr Hollande latched onto the furnaces during his election campaign, holding them up as symbolic of industrial decline and is now using them as a test bed for a planned law that would force firms to sell troubled plants rather than close them.

    With joblessness at over 10% and his ratings in free fall, Mr Hollande persuaded steel giant ArcelorMittal to grant him a two month window to find a buyer for the furnaces at Florange, near the German border, before closing them.

    Yet industry sources and trade union officials say it is highly unlikely a buyer will be found for the two economically unviable furnaces that sit within a steel plant ArcelorMittal has no intention of selling alongside them.

    Losing the fight over Florange would be an embarrassment for Hollande and cast new doubts over his campaign promises to embark on a massive re industrialization of France and to restore its declining global competitiveness.

    The decades old furnaces are the most costly of the 25 ArcelorMittal operates in Europe. It has already idled nine due to low demand that is also hitting rivals like Germany's ThyssenKrupp and Italy's privately owned Riva Group.

    The region where Florange sits is politically sensitive due to a long history of being fought over by France and Germany for its coal and steel resources.

    Past competition for such resources and a desire to prevent further wars between the two countries led to the creation of the European Coal and Steel Community in 1951, which laid the foundation for today's European Union.

    While ArcelorMittal will try to save the 629 jobs affected by an early retirement plan at the Florange site, which employs 2,750 people, and to move workers elsewhere, employees whose family histories were built on steel are up in arms.

    On October 2nd 2012, a few dozen protested outside a meeting where unions told management they would not discuss a shutdown plan, despite the company's desire to start a process that could take several months.

    Mr Walter Broccoli, the local FO union leader, told Reuters that "We know perfectly well that there will not be a buyer."

    ArcelorMittal said that there is no threat to the rest of the Florange plant, which supplies nearby factories making cars, dumper trucks and packaging.

    Rather than bring large volumes of iron ore down from the north coast 400 kilometers away to feed the Florange furnaces, it can feed its hot strip and cold rolling mills more cheaply with slab made at its plant near the port of Dunkirk.

    Source - Reuters

  14. forum rang 10 voda 5 oktober 2012 16:15
    ArcelorMittal Poland commences gas cleaning installation at Krakow steel works

    The News reported that ArcelorMittal Poland has unveiled a new coke gas cleaning installation at its Kraków steel works to improve the facility's environmental footprint.

    Mr Manfred Van Vlierberghe CEO of ArcelorMittal Poland said that the PLN 100 million project will reduce the footprint through the reduction of energy consumption and decreasing the amount of waste emitted from technological process.

    He added that "We pursue our investment plan despite the tough economic conditions because it contributes to our competitive advantage and guarantees retention of our leading market position."

    The new method of purifying gas will also eliminate from the production process numerous hazardous substances and reduce the amount of waste from technological process, as well as reducing energy use and costs.

    ArcelorMittal Poland is the biggest steel producer on the Polish market with about 70% of production capacity of the Polish steel industry. Apart from Krakow, the steel giant has plants in Krakow, Dabrowa Gornicza, Sosnowiec, Swietochlowice and Chorzow.

    Source - The News
  15. forum rang 10 voda 7 oktober 2012 17:48
    Producer ratings in danger if iron ore prices dont rise - S&P

    A report released by Standard & Poor said that iron ore prices will need to rise to relieve the ratings pressure facing some of the industry's top producers.

    Standard & Poor's Rating Service has predicted iron ore prices won't climb much higher in the future and are likely to be less than USD 100 a tonne beyond 2015.

    As per report, the rating agency warns that companies willing to defer investment in mining projects, cut operating costs and reduce capital expenses are going to be better off under the ratings squeeze.

    The agency said that "For heavily indebted miners, their liquidity levels and discretion in reducing costs would be critical to their credit quality."

    S&P pointed to single commodity producers such as Fortescue who rely heavily on iron ore for almost all of their earnings as heavily exposed while companies such as BHP Billiton and Rio Tinto as having financial flexibility, and therefore able t curb the drop in exploring other avenues. S&P rates BHP at A+ and Rio Tinto at A-.

    The warning comes as the coal industry is facing an unstable economic climate with what many are calling a volatile market due to a drop in Chinese demand.

    With the recent halt in coal mining projects around the country and the loss of thousands of jobs already, the call on companies by S&P to cut review their operating costs may come as another blow for the industry and its workforce.

    Source - Mineweb
  16. forum rang 10 voda 7 oktober 2012 17:50
    Falling iron ore price will benefit in long run - Mr Mike Young

    AAP quoted Mr Mike Young MD of BC Iron's as saying that the fall in iron ore prices will be good for Australian producers in the long term. The prices were likely to rebound to more sustainable levels within 6 months.

    Iron ore has fallen from record highs of USD 160 a tonne and higher a year ago to USD 100 leading a number of companies including BHP Billiton, to shelve projects.

    Mr Young speaking after addressing a Sydney Mining Club lunch said that BC Iron was still achieving good margins at current prices. But he also believed demand in China would continue, leading prices to settle in the USD 110 to USD 130 range.

    He said that "The USD 160s and USD 180s were never sustainable. Prices are going to be determined more by margins in steel mills. A lot of what you see day to day is exacerbated by traders. My view is that we are going to get sustainable prices between USD 110 and USD 130."

    He added that the pullback in investment would benefit producers in the long run. In terms of a longer-term price for iron ore it will be better than people think because a lot of these projects won't come on or will be delayed and there will be a more natural supply demand balance.

    Source - AAP
  17. forum rang 10 voda 8 oktober 2012 16:36
    Monday Market Monitor - Iron Ore - WEEK 40 - Prices could rebound

    Gins in prices of iron ore forward swaps this week suggest spot rates could rebound when top consumer China returns next week after a holiday.

    Traders expect Chinese steel mills to replenish iron ore inventories after the October 1st 2012 to October 5th 2012 Golden Week break, with domestic steel prices slowly on the mend, and the country's steel production staying high.

    How to subscribe
    1. Register at www.steelprices-india.com and pay on line or ask for invoice
    2. Send mail to admin@steelprices-india.com.
    3. Call at 0091-124-3007891/2/3

    Source - Steel Price India
  18. forum rang 10 voda 8 oktober 2012 16:40
    West Africa could become the next iron ore hot spot

    Mining reported that West Africa could become the next hot spot for iron ore due to its untapped bounty of the key steel making ingredient, with established mining giants and the Chinese both in hot pursuit of its riches.

    Leading international miners have begun to make inroads in the region just as the Australian iron ore sector has taken a battering on a dive in spot prices.

    According to Mining Australia Rio Tinto is now running the Simandou mine in Guinea where ArcelorMittal and BHP Billiton also have the Nimba project, while Vale has its own operations in Liberia and Guinea. Xstrata is currently conducting feasibility studies on a small set of iron ore projects in Mauritania.

    Perhaps even more important than the pursuit of projects by the long established listed mining giants of the West is the keen enthusiasm of Chinese companies to develop their own iron ore mines in untapped territory.

    Source - mining.com

  19. forum rang 10 voda 9 oktober 2012 16:16
    ArcelorMittal koersdoel omlaag naar EUR9,00


    AMSTERDAM (Dow Jones)--S&P Equity Research verlaagt het koersdoel van ArcelorMittal (MT.AE) naar EUR9,00 van EUR11,00 om een neerwaartse bijstelling van de verwachte EBIT voor de periode 2012-14 te reflecteren. Die komt voort uit recente winstwaarschuwingen voor het derde kwartaal van concurrenten SSAB en Rautaruuki vanwege de zwakkere vraag vanuit Europa, stelt S&P dat zijn sell-advies voor ArcelorMittal handhaaft. Omstreeks 16.10 uur noteert het aandeel 2,6% hoger op EUR11,51, terwijl de AEX met 0,1% daalt.(MMG)


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


1.513 Posts
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