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

  • 21,820 14 jun 2024 17:36
  • -0,380 (-1,71%) Dagrange 21,740 - 22,360
  • 4.153.452 Gem. (3M) 2,7M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 1049 1050 1051 1052 1053 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 21 augustus 2019 16:46
    Karnataka Cancels NMDC’s Donimalai Iron Ore Mine Lease

    In a setback to NMDC, the Karnataka government has cancelled its lease for the Donimalai iron ore mine taking a production impairment of about 6 million tonnes per annum. Karnataka government, in its letter dated August 17, communicated that it had withdrawn the approval accorded through a letter dated November 2, 2018. It further said it plans to auction the mine instead.

    The company has filed a revision application against the Karnataka government with the Union Ministry of Mines, and the hearing has been scheduled for August 21. NMDC has now requested the Karnataka government to withdraw its letter cancelling the lease.

    Source : Strategic Research Institute
  2. forum rang 10 voda 22 augustus 2019 15:02
    ArcelorMittal Weirton to Lay Off 100 Employees

    A slowdown in production at the ArcelorMittal Tin Mill in Weirton will result in nearly 100 workers expected to be laid off in phases beginning this week. ArcelorMittal said “In order to maintain its position as a competitive and sustainable tin plate producer, ArcelorMittal Weirton will lay off approximately 100 employees for an indefinite period of time. This will occur in phases, beginning this week. The workforce reductions will be realized across the operation with reduced shifts across most production units. This was a very difficult decision to make, but it is necessary to align ArcelorMittal Weirton's employment levels with challenging market conditions, which include decreased demand for tin plated cans and pressure from foreign imports.”

    President of United Steel Workers Union, Mark Glyptis, said "I saw the business decreasing in the last six weeks or so, and it’s sort of fallen rather quickly. Our tin cans are primarily used to package food, corn, peas, tomatoes and that’s our primary business. We don’t have much business in beverage, so when they crop is bad, the harvest isn’t good, it affects tin production. There was a lot of flooding that occurred, some droughts in the mid-west, and a lot of our business comes from that area.”

    Source : Strategic Research Institute
  3. forum rang 10 voda 22 augustus 2019 15:03
    Global Steel Demand to Enter Low Growth Period - Mr Johannpeter

    S&P Global reported that World Steel Association Chairman Mr Andre Gerdau Johannpeter told the Brazilian Steel Institute's annual congress that global steel demand is continuing to grow in the short term against a backdrop of great uncertainty as only a mild deceleration in global growth is now expected but in the long term, global steel demand is moving into a low-growth zone as new megatrends shape the industry. Mr Johannpeter warned "Steel demand is at another inflection point which may be followed by a prolonged period of low growth. Steel demand is facing new challenges: the deceleration of population growth and aging populations in developing economies, rising income inequality threatening growth and the middle-class base. Environmental concerns are also affecting the global steel sector, with sustainable development now the crucial concept.”

    He said “Global steel demand remains concentrated in China, which uses almost 50% of global steel production, but the market for steel in China is expected to grow just 1% this year to 843.3 million tonnes, while its steel production rate is expected to reach 930 million tonnes, up nearly 2%. In 2020, China's steel demand is expected to fall to 834.9 million tonnes.”

    He added “Politically driven uncertainties point to downside risks outside China: while steel demand from developed economies is moderating, emerging nations have a positive but mixed demand outlook.”

    Source : S&P Global
  4. forum rang 10 voda 22 augustus 2019 16:20
    Nithia Capital Identifies 15 Indian Stressed Steel Assets for Acquisition

    Business Standard reported that UK based alternative investment manager that specialises in turning around underperforming facilities Nithia Capital has identified around 15 stressed steel assets in India for acquisition. While Nithia has zeroed in on about 15 assets, it is not planning to acquire all of them. Although they are all stressed assets, not all are in the National Company Law Tribunal for debt resolution. The total enterprise valuation that Nithia is looking at is USD 1 billion to USD 1.2 billion as part of its India plan. The assets are small and based in central and eastern India.

    Mr Jai Saraf, founder and CEO said that "The idea is to create a platform of 3-3.5 million tonne of steel capacity and then grow organically and complete the half-finished capex. In 4-5 years, we plan to exit through an initial public offering or a strategic sale.”

    In India, Nithia has an arrangement with CarVal Investors, founded by Cargill.

    Source : Business Standard
  5. forum rang 10 voda 22 augustus 2019 16:20
    ADNOC Awards Contracts to Procure OCTG from Tenaris, Vallourec & Marubeni

    The Abu Dhabi National Oil Company announced the award of multi-billion-dollar contracts for the procurement of casing and tubing. The combined scope of the three contracts awarded is one of the world’s largest in this category. The contracts, which were awarded to Consolidated Suppliers Establishment, representing Tenaris SA; Abu Dhabi Oilfield Services Company, representing Vallourec SA and Habshan Trading Company, representing Marubeni Corporation, have a combined scope of AED 13.2 billion (USD 3.6 billion) and the potential to achieve In-Country Value of over 50 percent. This includes more than AED 367 million (USD 100 million) in foreign direct investment, over the next five years, to establish a state-of-the-art oil country tubular goods threading plant and repair center, and a training academy in Abu Dhabi to enhance local expertise and generate value for the UAE.

    Under the terms of the contracts, the three companies will supply a combined total of 1 million tonnes of casing and tubing over 5 years, to support ADNOC’s drilling activities.

    Source : Strategic Research institute
  6. forum rang 10 voda 22 augustus 2019 16:21
    Ball to Sell Tinplate Steel Aerosol Packaging Facilities in Argentina

    Ball Corporation announced an agreement to sell its tinplate steel aerosol packaging facilities in Garin and San Luis, Argentina, to Envases del Plata SA, an Argentinian metal packaging company. The transaction is expected to close later this year and we expect the business will continue to be operated consistent with its successful long-term performance.

    Post-close, Ball will continue to serve the growing demand for sustainable aluminum aerosol containers and aluminum slugs around the world from its eight facilities located in Canada, Czech Republic, France, India, Mexico, the United Kingdom and the United States. Ball's global aluminum aerosol business will continue to be led by Stan Platek, vice president and general manager.

    Source : Strategic Research Institute
  7. forum rang 10 voda 22 augustus 2019 16:22
    Tianjin Government Orders Bohai Steel Restructuring Start by September

    Reuters quoted two creditor source with direct knowledge of the matter as saying that government of the Chinese city of Tianjin, the only shareholder of bankrupt Bohai Steel Group Ltd, is demanding that Bohai's creditors and strategic investor implement a bankruptcy restructuring plan by the end of September. The implementation of Bohai's bankruptcy restructuring plan, which was approved by a local court in January, has been delayed over a power struggle between the Tianjin government, creditors and investors, as well as the local government's fears of losing state-owned assets and jobs. However, financial pressures from local banks and concerns about the city's own debt burden have created a new sense of urgency for the Tianjin government to start the Bohai Steel restructuring as soon as possible

    Bohai Steel a former Fortune Global 500 company that was founded by the Tianjin municipal government in 2010 by merging four local steelmakers, collapsed in 2016 with more than 200 billion yuan in unpaid debt, the biggest bankruptcy restructuring in China's history. The company's demise followed years of over-expansion fuelled by easy credit that left it heavily leveraged when steel prices plunged to record lows in 2015.

    Source : Reuters
  8. forum rang 10 voda 22 augustus 2019 16:23
    Russian Steel Giants Plan to Go Online With European Sales

    Bloomberg reported that as European steel demand comes under growing pressure, two big suppliers to the bloc are betting on online stores to help attract new clients. It may not sound like groundbreaking plan Internet shoppers around the world can already order anything from a prefabricated house to a human skull yet European steel buyers still make most purchases the same way as they have for decades. That contrasts with steel industries in Russia and China, where e-commerce has developed more rapidly. Now Russian producers Novolipetsk Steel PJSC and Severstal PJSC are hoping to help change that. Both will begin offering online sales of products and services to European Union customers from next year, representatives from the two companies said separately. Mr Viktor Romanovsky, head of e commerce at Severstal, said in an interview in Moscow said that “Europe is far behind in business-to-business Internet sales because it has a very conservative market.”

    He added that online shopping offers opportunities to attract new clients and to offer more effective sales to small and medium clients.

    It’s been a tough year for steel in Europe, as sales are squeezed by weak automotive demand. Domestic producers are also facing competition from cheaper imports and surging iron ore prices hurt profit margins.

    Germany’s Kloeckner & Co. has already launched an online platform, XOM Materials, for selling steel and related products. Severstal has signed on to XOM as a way of testing the market, before it opens its own online store to European clients next year, Romanovsky said. The company was offered a stake in XOM but has not made a decision on whether to make an investment, he said.

    Bloomberg
    www.bnnbloomberg.ca/russian-steel-gia...

    Source : Bloomberg
  9. forum rang 10 voda 22 augustus 2019 16:33
    US Oil Firms ConocoPhillips & Encana Challenge Pipeline Surcharge for Steel Tariff

    Reuters reported that two US shale producers have challenged an energy pipeline operator’s proposed surcharge for the Trump administration’s 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs. US oil producer ConocoPhillips and a unit of Canadian producer Encana Corp asked the Federal Energy Regulatory Commission to reject Plains All American Pipeline’s proposed tariff surcharge on its Cactus II oil pipeline. Houston-based Plains this month proposed charging shippers a 5 cents per barrel fee on its 670,000 barrel-per-day Cactus II pipeline next April to offset higher construction costs due to the steel tariffs.

    In their filing, ConocoPhillips and Encana said Plains’ surcharge was premature because the US Commerce Department may still grant the pipeline operator an exemption before the fee goes into effect in April. The companies said surcharges are generally disfavored by FERC.

    Source : Reuters
  10. forum rang 10 voda 22 augustus 2019 16:33
    PSM Revival on PPP Mode Begins

    Nation reported that in order to revive Pakistan Steel Mills public-private partnership and to make it a profitable organization, the government has formally initiated the process by inviting applications for appointing its Chief Executive Officer. The PSM has sought applications for selecting a dynamic and result-oriented leader, with immaculate credentials for becoming the CEO of the mill to lead it towards progress and make it a profit-earning organization.

    Currently, PSM is the largest industrial mega corporation, having a production capacity of 1.1 million tonnes of steel and iron foundries. According to the official sources, the government intends to enhance the production capacity to 3 million tonnes per annum under the revival plan.

    Initially, the production capacity of the PSM would increase to 1.1 million tonnes per annum in first two years of the revival plan, which would take the PSM out of losses. Later, the production would be enhanced to 3 million tonnes per annum in later stage of the revival plan.

    Source : Nation
  11. forum rang 10 voda 22 augustus 2019 16:37
    DGTR Rejects Safeguard Duty Plea against Steel Imports - Report

    CNBC TV18, citing people aware of development, reported that the petition filed by the Indian Steel Association for 25 percent safeguard duty on steel imports has been rejected by the directorate general of trade remedies on the grounds that the imports of the commodity are not causing significant damage to the steel industry in the country.

    ISA had filed a petition for 25 percent safeguard duty on import of various steel products’ like semis, flats, longs, pipes, tubes, stainless steel, and railway ancillary products from countries, including South Korea, Japan, China, and Association of Southeast Asian Nations. The petition sought protection for steel manufacturers in a move similar to those taken by the governments in the United States, Canada, and Turkey among others, to safeguard their domestic producers from steel dumping.

    Source : CNBC TV18
  12. forum rang 10 voda 22 augustus 2019 17:10
    PT PP eyes Krakatau Steel Subsidiary to Strengthen Water Supply Business

    Publicly listed state-owned construction firm PT PP is set to acquire steel producer PT Krakatau Steel’s drinking water supply subsidiary in an effort to become the biggest drinking water supply company in the country. PT PP president director Lukman Hidayat said that the company was in talks with the state-owned steel maker to acquire shares of its subsidiary, drinking water provider PT Krakatau Tirta Industri that operates in Cilegon, Banten. He said that “We’re still in talks with Krakatau Steel, but we haven’t agreed on how many shares we’ll be buying from them.”

    Finance director Agus Purbianto added that the publicly listed firm was seeking majority ownership in KTI so that it could bring added value to the company. He continued to said that PT PP’s interest in acquiring KTI stemmed from the fact that the drinking water supply provider already had its own captive market, as well as the fact that it managed to book profits for its parent company.

    The company’s plan to acquire KTI is also in line with its longer term plan to venture into the drinking water supply business.

    Source : The Jakarta Post
  13. forum rang 10 voda 22 augustus 2019 17:10
    NLMK Joins UN Global Compact

    NLMK Group announced that it has joined the United Nations Global Compact, the world’s largest sustainable development and corporate social responsibility initiative. As a participant of the UN Global Compact, NLMK Group voluntarily commits to align its operations and strategy with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of the Sustainable Development Goals. The Group will report on its progress in the sustainable development area on an annual basis. Launched in 2000, the UN Global Compact has more than 13,000 participants based in over 160 countries, and more than 80 Local Networks.

    Grigory Fedorishin , NLMK Group CEO and President, said “Joining the UN Global Compact initiative is further evidence of commitment to our strategic goal of being a leader in sustainable development.”

    Source : Strategic Research Institute
  14. forum rang 10 voda 22 augustus 2019 17:11
    Canadian Liberals Approve Exporting Good Canadian Steel Jobs to China - USW

    The United Steelworkers denounced the federal Liberal government for giving away thousands of Canadian jobs and billions in economic activity by allowing duty-free imports of illegally dumped Chinese and Korean steel products to build two of Canada's largest-ever energy projects. USW National Director Ken Neumann said that "There is no justification for the Government of Canada to hand over the largest construction project in our country's history to Chinese steel producers who engage in unfair trade practices. As Canada's steel construction industry has stated, this scandalous decision by the Trudeau government could cost a massive loss of Canadian jobs.”

    Mr Neumann was referring to the Liberal government's decision to withdraw tariffs and duties from illegally dumped Chinese and Korean steel products for the construction of liquid natural gas projects in British Columbia, valued at $42 billion .

    Mr Neumann noted that "The Canadian International Trade Tribunal imposed duties on these foreign producers because they engage in unfair trade and illegal dumping that harm Canadian workers and companies. The Liberal government is undermining its own trade remedy system and betraying Canadians, to submit to the illegitimate demands of multinational corporations that will profit from these LNG projects.”

    The USW and the Canadian Institute of Steel Construction categorically reject the contention of the multinational consortiums LNG Canada and Woodfibre LNG that they must use unfairly traded, duty-free, foreign steel products to ensure their projects' viability.

    Source : Strategic Research Institute
  15. forum rang 10 voda 22 augustus 2019 17:11
    Muncie City & Developer Agree to Stop Plans for Steel Dust Recycling Facility

    WISH TV reported that Muncie city leaders and officials with Waelz Sustainable Products said they have agreed to stop their controversial efforts to build a steel-dust recycling facility at the former BorgWarner plant. The agreement calls for the Muncie Redevelopment Commission to purchase the 85 acres that Waelz bought and find a different buyer. The deal also came a day before the Muncie City Council’s Government Administration Committee was to discuss elements of the project. That meeting was canceled on Tuesday afternoon. So many residents were expected for Wednesday’s committee meeting that it was moved to the Cornerstone Center for the Arts.

    The action came three weeks after a chaotic City Council meeting where hundreds of people had to be turned away to give comments. The majority were upset about potential contamination from mercury and other toxic materials.

    Waelz officials said they were going to invest USD 75 million in the facility and would create 90 jobs. Waelz purchased the land from a private party for an undisclosed amount of money.

    Ms Megan Quirk, the attorney for the Muncie Redevelopment Commission, said negotiations are continuing for the purchase price and other details. She told News 8 she hopes to present the details at the next commission meeting on Sept. 5.

    Source : Wish Tv
  16. forum rang 10 voda 22 augustus 2019 17:12
    Indian Steel industry May Cut Production - Mr Seshagiri Rao

    Money Control reported that JSW Steel is forced to cut production in the coming months as economic slowdown has dampened demand from clients in infrastructure and auto sectors. JSW Steel's Jt Managing Director & Group CFO Seshagiri Rao, told Moneycontrol that "If you look the four sectors that reflect economic activity - capital goods, infrastructure, oil & gas and metals and mining - none of them is talking about investments...it is looking difficult for steel companies to make money in such circumstances. A production cut could be the answer. If not in this quarter, in the next quarter we could see a big cut in supply, all the variables remaining the same.”

    Steelmakers are also facing an unusual situation: even as steel prices have gone south, rates of raw materials like iron ore and coking coal remain high. This has kept cost of production elevated, even as margins have come under pressure.

    Source : Money Control
  17. forum rang 10 voda 22 augustus 2019 17:12
    Iran Steel Output in Four Months up by 9%

    Mehr News reported that Iranian steel mills produced a total of 4.12 million tonnes of finished steel products in the first four months of the current fiscal (March 21-July 22). According to the latest date by the Iranian Mines and Mining Industries Development and Renovation Organization, the output of steel products, including hot and cold rolled coils, rebar, beams, pipes, wide and galvanized sheets, registered a 9% increase compared with the similar period of last year. The lions share of the four-month output belongs to Mobarakeh Steel Company and its subsidiary Saba Steel with 2.36 million tonnes.

    The giant steel producer was followed by Esfahan Steel Company with 776,253 tonnes, Oxin Steel Company with 294,174 tonnes, Khorasan Steel Company with 217,041 tonnes, Azarbaijan Steel Company with 116,629 tonnes, IASCO with 95,984 tonnes, and Chaharmahal-Bakhtiari Automotive Sheet Company with 83,952 tonnes.

    Besides the finished steel products, a total of 6.86 million tonnes of ingot, bloom and billet were also produced in Iran during the mentioned four months, indicating a 4% growth year on year.

    Source : Mehr News
  18. forum rang 10 voda 22 augustus 2019 17:20
    Wuhan to Deepen Production Curbs on Steel Mills

    SMM reported that China's major steelmaking hubs in Hebei province Wuhan will ramp up its production curbs on nine steelmakers and two coke plants during August 22-31, in a bid to improve air quality. According to the notice issued by the city’s smog-control office on August 20, nine of 14 steelmakers across the city are required to suspend all their sintering machines and all but one blast furnace for up to 10 days. Five of the nine steel mills will face additional restrictions. Coke plants are ordered to extend their coke production period beyond 36 hours during that period.

    In terms of the composite index and PM2.5 improvement rate, Wu’an has been the worst performer in the province since August.

    Source : SMM
  19. forum rang 10 voda 22 augustus 2019 19:02
    Nithia Capital Identifies 15 Indian Stressed Steel Assets for Acquisition

    Business Standard reported that UK based alternative investment manager that specialises in turning around underperforming facilities Nithia Capital has identified around 15 stressed steel assets in India for acquisition. While Nithia has zeroed in on about 15 assets, it is not planning to acquire all of them. Although they are all stressed assets, not all are in the National Company Law Tribunal for debt resolution. The total enterprise valuation that Nithia is looking at is USD 1 billion to USD 1.2 billion as part of its India plan. The assets are small and based in central and eastern India.

    Mr Jai Saraf, founder and CEO said that "The idea is to create a platform of 3-3.5 million tonne of steel capacity and then grow organically and complete the half-finished capex. In 4-5 years, we plan to exit through an initial public offering or a strategic sale.”

    In India, Nithia has an arrangement with CarVal Investors, founded by Cargill.

    Source : Business Standard
  20. forum rang 10 voda 22 augustus 2019 19:16
    August 22 E-Auction Gets 13 Bidders for Iron Ore - Mr Apte

    TOI reported that 13 companies have approached the directorate of mines and geology to participate in the e-auctioning of 5.3 million tonnes of iron ore lying at jetties and plots on August 22. Director of mines Mr Ashutosh Apte said the eligible bidders are Sesa Sterlite Ltd, Bagadiya Brothers Pvt Ltd, VM Salgaocar and Bro Pvt Ltd, Agrawal Minerals (Goa) Pvt Ltd, JSW steel limited, Kalinga Allied Industries, Blueglobe Exports Pvt Ltd, Faldessai Mines and Minerals International Pvt Ltd, Timblo Enterprises, A S Export and Imports, Dinar Tarcar Resources (India) Pvt Ltd and Seabird Marine Services.

    Mr Apte said the prospective bidders have approached the department for permission to inspect and collect ore samples. As per the e-auction procedure, the registered bidders will be permitted to lift a maximum 12 samples of not more than 100g each as per the location and choice of the registered bidder. Inspection/collection of samples of ore for at least a period of eight days will be allowed for those participating in the bid, and the correctness of the grade will be the responsibility of the bidder.

    Source : TOI
35.173 Posts
Pagina: «« 1 ... 1049 1050 1051 1052 1053 ... 1759 »» | Laatste |Omhoog ↑

Meedoen aan de discussie?

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

Direct naar Forum

Premium

ArcelorMittal: voorlopig geen zicht op spoedig herstel staalsector

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