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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 24,300 3 mei 2024 17:35
  • -0,030 (-0,12%) Dagrange 24,160 - 24,680
  • 1.804.974

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 1080 1081 1082 1083 1084 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 15 oktober 2019 15:47
    Moody's Upgrades SDI's Ratings

    Moody's Investors Service upgraded Steel Dynamics Inc's senior unsecured ratings to Baa3 from Ba1. The outlook is stable. Carol Cowan, Senior Vice President and lead analyst for SDI, said "The upgrade to Baa3 acknowledges SDI's consistent ability to demonstrate good performance through various industry cycles, particularly down cycles and be free cash flow generative over a number of years (before share repurchases and acquisitions, which have been accommodated through the company's strong cash position. A further consideration in the rating move to Investment Grade is the company's disciplined focus on capital allocation and commitment to an investment grade financial policy".

    At the same time, Moody's withdrew the company's Ba1 Corporate Family Rating, the Ba1-PD Probability of Default rating and the SGL-1 Speculative Grade Liquidity Rating following the company's upgrade to Baa3 as per the rating agency's practice for corporates with investment grade ratings.

    Upgrades:
    Issuer: Steel Dynamics Inc
    Senior Unsecured Regular Bond/Debenture, Upgraded to Baa3 from Ba1

    Outlook Actions:
    Issuer: Steel Dynamics, Inc.
    Outlook, Changed To Stable From Positive

    Withdrawals:
    Issuer: Steel Dynamics, Inc.
    Probability of Default Rating, Withdrawn , previously rated Ba1-PD
    Speculative Grade Liquidity Rating, Withdrawn , previously rated SGL-1
    Corporate Family Rating, Withdrawn , previously rated Ba1
    Senior Unsecured Regular Bond/Debenture, Withdrawn , previously rated a range of LGD4

    Source : Strategic Research Institute
  2. forum rang 10 voda 15 oktober 2019 15:48
    Islam Steel Mills in Nasirabad in Bangladesh Fined for Pollution

    Bangladesh’s Department of Environment has fined a steel mill in the port city TKD 4.86 lakh for air pollution. The DoE issued a notice to the authorities of Islam Steel Mills Limited at Nasirabad in the city on September 30 to appear at DoE, Chattogram office yesterday for a hearing over contributing to air pollution, said a press release. After the hearing, the DoE fined the mills TKD 4.86 lakh for creating air pollution.

    Source : Strategic Research Institute
  3. forum rang 10 voda 15 oktober 2019 15:49
    Worldsteel Released Short Range Outlook October 2019


    The World Steel Association released its Short Range Outlook for 2019 and 2020. In 2019 worldsteel forecasts that steel demand in China will grow by 7.8% to reach 900.1 million tonne and the rest of the world is expected to record 0.2% growth to 874.9 million tonne. In 2020, Chinese steel demand is expected to grow by 1.0%, whereas steel demand in the rest of the world will grow by 2.5%, driven by 4.1% growth in the emerging and developing economies excluding China. Global steel demand will grow by 3.9% to 1,775.0 million tonne in 2019 and will grow by another 1.7% in 2020, reaching 1,805.7 million tonne. Commenting on the outlook, Mr Al Remeithi, Chairman of the worldsteel Economics Committee said that “The current SRO suggests that global steel demand will continue to grow in 2019, more than we expected in these challenging times, mainly due to China. In the rest of the world, steel demand slowed in 2019 as uncertainty, trade tensions and geopolitical issues weighed on investment and trade. Manufacturing, particularly the auto industry, has performed poorly contracting in many countries, however in construction, despite some slowing, a positive momentum has been maintained. While the global economic outlook is highly unpredictable, we expect to see further growth in steel demand in 2020 of 1.7%, with emerging and developing economies excluding China contributing more. This forecast faces significant downside risks if the current level of uncertainty prevails.”

    Chinese steel demand showing high growth in 2019 owing to a strong real estate sector, but forecasted to slow down in 2020 - While the Chinese economy continued to decelerate and is expected to record its lowest GDP growth since 1992, steel demand is still expected to grow by 7.8% in 2019, largely driven by real estate investment. In the first seven months of 2019 China’s real estate market reported the strongest performance over the same period for the last five years. Firstly, due to the relaxation of control policies in tier 2 to tier 4 cities and secondly the newly implemented construction standard, put into effect in April 2019, estimated to have increased steel intensity in new buildings by about 5.0%. Conversely, China’s manufacturing sector is experiencing a significant slump due to the slowing economy and the effect of trade tensions. The Chinese automotive industry has contracted for 13 months in a row. We expect the Chinese economy to worsen in the later part of 2019 and in 2020 with the unresolved trade tensions adding further pressure. It is unlikely that the Chinese government will reintroduce substantial stimulus measures as it continues to hold a balance between containing the slowdown and pushing forward its economic restructuring agenda. Selective mild stimuli focused on infrastructure and strengthening consumer purchasing power through tax cuts is more likely. The auto industry could benefit from such stimulus in 2020. China’s steel demand is expected to see growth of 1.0% in 2020.

    Steel demand in the developed world stagnates with weakening manufacturing - After growing by 1.2% in 2018, steel demand in the developed economies is expected to show a small contraction of -0.1% in 2019. The consumer sectors and construction maintained positive momentum, however manufacturing slumped due to a deteriorating environment for export and investment. In 2020, with the effect of some technical rebound, steel demand in the developed world is expected to grow by 0.6%.

    Developing economies (excluding China) present a mixed picture, but high growth is expected in Asia - Growth of steel demand in the emerging economies excluding China is expected to slow down to 0.4% in 2019 due to contractions in Turkey, MENA and Latin America. But the growth is expected to rebound to 4.1% in 2020 due to infrastructure investments, especially in Asia.

  4. forum rang 10 voda 15 oktober 2019 15:49
    Deel 2:

    Construction - The global construction sector’s growth is expected to slow to 1.5% in 2019 and 1.2% in 2020 after growth of 2.8% in 2018. The picture for construction activity in the developed economies in 2019-2020 is somewhat mixed. The US construction sector is expected to weaken in 2019 with no recovery in 2020. In Europe, the construction sectors in Germany, Spain, the Netherlands and Central European economies, while still maintaining growth, will slow down due to weakening economic fundamentals and constraints in construction capacity. Civil engineering is expected to be the construction driver owing to investment in energy, transport and communication networks. The Japanese construction sector is projected to report almost no growth as the decline in residential construction will be offset by growth in civil engineering. Korea’s construction sector is expected to continue contracting despite some support from public projects. Construction in emerging markets will be strong, largely influenced by infrastructure projects. In China, the real estate sector drove growth in construction activity in 2019, but in 2020 this will slow down. Infrastructure investment is expected to be boosted by government stimulus. In ASEAN and India, active infrastructure investment is expected to drive construction. Turkey has seen contracting construction activity in line with the overall economy. After a severe decline in 2019, Turkey will see only a moderate rebound in 2020. In Latin America generally, infrastructure investment is constrained by uncertainty and government budget issues. Brazil’s construction sector, which has been contracting since 2014, has shown positive growth in 2019 and this could continue with infrastructure a policy priority.

    Automotive - Global automotive production decelerated in 2018 and is expected to contract in 2019 with recession deepening and broadening across several major markets including Germany, Turkey, China and South Korea. The automotive market has been hit by more than global economic factors including, market saturation, reduction in purchasing and promotion incentives and most importantly customer hesitancy during the transition of the auto industry from combustion engine-powered via hybrid to fully electric vehicles. This decline has been particularly severe in Germany and China with passenger car production declining by -10.6% and -13.8%, respectively in the first eight months of 2019. It is expected that the Chinese government may introduce some tax measures to boost sales of passenger vehicles, especially new energy vehicles. This could lead to a recovery in 2020. In the US, the auto market is expected to decelerate with no growth in 2019 and only a slight increase in 2020, but steel use is expected to benefit from the shift toward light truck models. Japanese and Korean car production is being affected by weak export markets. The Indian automotive industry suffered from the liquidity crisis and weak global demand to show almost no growth in 2019, but it is expected to pick up in 2020 before the introduction of stringent pollution standards in April 2020. The Turkish auto industry continues to struggle with contraction in both domestic and export markets. In Brazil and Mexico, auto production maintained positive but slowing growth in 2019.

    Mechanical machinery - After strong growth in 2017-18, global mechanical machinery is expected to decelerate to remain flat in 2019-20 as the deceleration of the global economy and continuation of trade tensions hurt global investment activities. The mechanical machinery output in major exporters - China, Germany and Japan - is expected to keep falling in 2020. The Chinese mechanical machinery sector is expected to decline by -1.0% in 2019, even though the replacement demand for equipment will provide some support in 2019 and 2020. General-purpose machinery, including energy related machinery, will positively contribute to the sector’s growth. On the other hand, construction machinery is expected to decline in 2019 and 2020, but the decline will be partially offset by the demand deriving from expansion of infrastructure projects in developing countries.

    Source : Strategic Research Institute
  5. forum rang 10 voda 15 oktober 2019 15:54
    Mr Trump Doubles Turkey's Steel Import Tariff to 50%

    US President Donald Trump on Monday said he will double the Section 232 tariffs on Turkish steel from 25% to 50% as a result of the country's military actions in Northeast Syria. In a statement posted to Twitter Monday afternoon, Trump said he would soon be issuing an executive order increasing the steel tariffs and authorizing the imposition of sanctions against Turkey. He tweeted “I will soon be issuing an Executive Order authorizing the imposition of sanctions against current and former officials of the Government of Turkey and any persons contributing to Turkey's destabilizing actions in northeast Syria. Likewise, the steel tariffs will be increased hack up to 50 percent, the level prior to reduction in May. The United States will also immediately stop negotiations, being led by the Department of Commerce, with respect to a SI00 billion trade deal with Turkey.”

    Trump previously raised Turkey's steel tariff rate from 25% to 50% in August 2018 due to the devaluation of the Turkish lira and increased political tension between the countries due to the detention of US Pastor Brunson. Turkey's tariff rate on steel was later dropped back to 25% in May 2019.

    Under Section 232 of the 1962 Trade Expansion Act, the president is able to adjust the tariff level set for any country at any time they see fit.

    Source : Strategic Research Institute
  6. forum rang 10 voda 15 oktober 2019 15:58
    NCLAT Slams ED & Puts on Hold JSW Steel Payout

    The National Company Law Appellate Tribunal has put on hold the INR 19,700-crore payout by JSW Steel for acquiring Bhushan Power and Steel Limited till its further orders and has asked the Enforcement Directorate to release the attached properties of BPSL and directed not to attach any further assets without its permission. An NCLAT bench headed by Chairman Justice SJ Mukhopadhyaya slammed the ED, saying that Insolvency and Bankruptcy Code would fail if the agency functions like this. They said "IBC cannot be annulled in this manner. Money laundering is by an individual. ED has no jurisdiction to attach the property of a corporate debtor, particularly when an appeal is pending with regard to attachment. Under facts and circumstances, while we allow the ED to file a reply affidavit, the deputy director ED and any other officials of the ED are to release the property attached in favour of resolution professional immediately.”

    He directed the agency and the CBI to file a reply in the next two days.

    NCLAT has listed the matter on October 25 for further hearing.

    The Enforcement Directorate on Saturday said it has attached assets worth over Rs 4,025 crore of BPSL in connection with its money laundering probe linked to an alleged bank loan fraud. The central probe agency said it has attached land, building, plant and machinery of the firm located in Odisha under the provision of the Prevention of Money Laundering Act.

    Source : Strategic Research Institute
  7. forum rang 10 voda 15 oktober 2019 15:58
    SAIL’s Rourkela Steel Plant Registers New Record in Steel Ladle Life

    The Rourkela Steel Plant has registered a new record in steel ladle life in steel melting shop-II department. The ladle life is not only highest in public sector steel behemoth SAIL, of which RSP is a unit, but also the best ever life achieved in India with Magnesia Carbon Bricks. The plant scripted this record by clocking the highest ever steel ladle life of 192 heats in a single campaign surpassing the earlier best steel ladle life of 191 heats achieved in May 2019. The ladle was taken down for relining on October 11. The significant achievement was made possible because of the dedicated and coordinated efforts of Refractory Engineering (Services) and Steel Melting Shop-II (Operation).

    Notably, the steel ladle was due for slag zone repair on September 16, 2019 at 152 life. After inspection of the steel ladle by the refractory department it was observed that the metal zone condition of the ladle was in good shape and the metal zone leftover thickness was found to be in excess of 130 millimetres.

    Considering the potential of the ladle, the team refractory engineering decided to continue the ladle in service with slag-zone repair. The ladle had a guaranteed life of 120 heats.

    Source : Strategic Research Institute
  8. forum rang 10 voda 15 oktober 2019 16:01
    Tata Steel BSL Focusing on Downstream Exports

    Business Standard reported that after staging a turnaround of the insolvent steel asset it acquired in Odisha’s Meramandali, Tata Steel BSL is betting on exports of downstream exports from the mill. A source at Tata Steel BSL said that “In FY20, the focus is on downstream exports by increasing presence in Europe, Africa, South East Asia and Latin America, and creating markets for high-end hot- rolled coils exports like structural steel. We export upstream products like HRC and downstream products like Galvanised Galume, colour-coated products, tubes and pipes, and hardened and tempered steel across the globe.”

    Last financial year, Tata Steel BSL’s exports were 18% of its overall sales. In this financial year, the company aims to export 10 of its sales to strategic markets and customers. But the company can take a flexible view on exports depending on the response in domestic and international markets and the demand-supply dynamics.

    Source : Business Standard
  9. forum rang 10 voda 15 oktober 2019 16:03
    Moody's Assigns B3 Senior Unsecured Rating to US Steel Environmental Revenue Bonds

    Moody's Investors Service assigned a B3 senior unsecured rating to The Industrial Development Board of the City of Hoover (Alabama) Environmental Improvement Revenue Bonds, Series 2019 and a B3 senior unsecured rating to Allegheny County Industrial Development Authority Environmental Improvement Revenue Refunding bonds, Series 2019. Repayment of all bonds is a direct obligations of United States Steel Corporation. All other ratings, including the SGL-2 Speculative Grade Liquidity Rating remain unchanged. The outlook is stable.

    Assignments:
    Issuer: Allegheny County Industrial Dev. Auth., PA
    Senior Unsecured Revenue Bonds, Assigned B3 (LGD4)
    Issuer: Hoover (City of) AL, Industrial Devel. Board
    Senior Unsecured Revenue Bonds, Assigned B3 (LGD4)

    Source : Strategic Research Institute
  10. forum rang 10 voda 15 oktober 2019 16:04
    Derrick Brings Fine Screening Technology to Metalloinvest

    Derrick Corporation announced the introduction of its new SuperStack® vibratory screening equipment to Metalloinvest’s Mikhailovsky GOK beneficiation plant in the Kursk region of Russia. Metalloinvest of Zheleznogorsk, Russia is a leading global producer and supplier of HBI and iron ore products, as well as a major supplier of high-quality steel. The eight-deck SuperStack offers a significantly higher production capacity than conventional screening equipment in a small footprint, while also offering increased quality of iron ore concentrate. The first phase of the project was launched at the Mikhailovsky GOK beneficiation plant. On September 3, an agreement was signed with Thrane Teknikk to supply Derrick equipment for the second stage of the project: construction of a new building for beneficiation of concentrate at the beneficiation plant. Nazim Efendiev and Miron Boris signed the documents.

    During the first stage of the project, Derrick fine screening technology was introduced at four sections of the beneficiation plant. The design, supply and installation of the equipment, adjustments, and commissioning took place within a short period of just one year. The capital expenditures for the first stage exceeded 1.2 billion rubles (USD 18.5 million USD). As a result of the successful first stage implementation, the fine screening section is projected to produce over 3.7 million tons of iron ore concentrate, with iron content increasing to 67 percent compared with the previous 65.1 percent.

    The second stage of the project, launched in August 2019, will see constuction of a new building for beneficiation of concentrate using high-quality Derrick equipment. As a result of the second stage, production of 16.9 million tonness of high-quality concentrate with an iron content of 68.7 percent is expected in 2022. The construction of the new beneficiation building and modernization of production will enable the processing of complex ores having a higher iron content and will reduce overburden and production costs. Investments in the second stage are projected at more than 12 billion rubles (USD 185 million).

    Source : Strategic Research Institute
  11. forum rang 10 voda 15 oktober 2019 16:18
    Hoa Phat & Kyoei Seek Long-Term Cooperation

    VNA reported that Vietnamese steel maker Hoa Phat Group and Kyoei Steel Group of Japan shared the wish for long-term cooperation in steel billet and scrap steel supply. Hoa Phat said Kyoei Steel Chairman Hideichiro Takashima and General Director Hirotomi Yasuyuki had paid a working visit to the group, which has opened up many cooperation opportunities for the bilateral collaboration. According to Takashima, Kyoei Steel Vietnam Co Ltd in Vietnam’s northern province of Ninh Binh purchased about 5,000 tonnes of steel billets produced by Hoa Phat each month. The volume is expected to multiply in the time ahead. Kyoei wants to seek a stable supply of steel billets for its subsidiaries in Vietnam, comprising Vina Kyoei and the KSVC which was set up in September 2011. The two sides agreed to set up a working group following the visit to implement their cooperation contents, thus helping to promote the development of both groups in the future.

    Kyoei was one of the first Japanese investors in Vietnam 25 years ago, with the establishment of the Vina Kyoei Steel joint venture in the southern province of Ba Ria-Vung Tau in January 1994.

    Source : VNA
  12. forum rang 10 voda 15 oktober 2019 16:18
    Widespread defective or missing concrete or reinforcing steel revealed

    New imaging technology has revealed hundreds of major buildings nationwide have defective or missing concrete or reinforcing steel. Concrete investigators say their scanning shows many buildings have not been constructed according to the plans. They were "astounded" and "appalled", Jane Roach-Gray of Wellington company Concrete Structure Investigations said.

    It is using ultrasound technology developed with Crown agency Callaghan Innovation, to look up to two metres inside concrete columns, beams, walls and floors.

    The technology is "pioneering", Dr Paul Harris of Callaghan Innovation said. They also use ferro-scanning and ground-penetrating radar.

    Ms Roach-Gray said that critical structural parts were defective or missing in 1100 of the 1200 buildings they had scanned since 2016. She said that "The divide occurs between what's in the plans and what ends up in the structure. Some key structural elements are not going in correctly or they're not going in at all, and of course, once they're covered up with concrete, we - any of us - don't know what's actually gone into the building."

    Source : RNZ
  13. forum rang 10 voda 15 oktober 2019 16:19
    Pakistani Steel Mills Appreciates FBR for Curbing Smuggling of Steel From Iran

    Pakistan Association of Large Steel Producers appreciated the effective measures taken by the Pakistan Customs Authorities at Taftan border to curb the menace of smuggling of Steel from Iran to Pakistan. Chairman Federal board of Revenue and the Quetta Customs Collectorate has taken these measures on the orders of the Prime Minister Imran Khan who has issued strict directives for curbing the menace of smuggling, which is destroying the local industry.

    Also, PALSP, that represents Pakistan's largest steel units in the long products has been making appeals to the prime minister as well as the concerned Govt departments by exhorting them for taking anti smuggling measures and also to discourage the abusage of certain rules/SRO wherein prime steel material was being allowed to be imported in the garb of scrap.

    It may be mentioned here that there has been huge surge in import of prime Steel bars, in the garb of re-rollable scrap, and thousands of tones of steel found its way into Pakistani markets from Iran, during the last several months. This has been one of the biggest factor for huge loss of revenue to the Govt as well as closure of some of the local steel units in the country.

    It many be mentioned here that the local steel industry in the recent years invested heavily in order to meet the growing demands of steel domestically especially for the Prime Minister's housing project and also for the CPEC. However, as a result of growing smuggling and abusage of rules, some of the leading companies declared heavy losses and many plants got closed this year. Also, as a result of smuggling coupled with slow-down of economy, some of the big local investors, who were all set to make more investments in Pakistan's steel sector, were forced to put their expansion plans on-the-hold.

    Source : Strategic Research Institute
  14. forum rang 10 voda 16 oktober 2019 14:37
    China's Steel Industry Fragmentation Worsening - Mr Gan Yong of CSM

    Reuters reported that Chinese Society for Metals president Mr Gan Yong said that China’s steel sector fragmentation is worsening as unplanned new capacity at small mills undermining government efforts to restructure and merge companies in the huge industry. Mr Gan Yong said the trend is for less rather than more consolidation, saying unplanned capacity expansion at smaller mills was coming online while their big mostly state-owened rivals were struggling to do the same as quickly. Mr Gan told Reuters that “There are some places using steel as a key contributor to economic growth as demand is robust adding some regions in China were not managing overcapacity controls very strictly."

    Mr Gan warned of growing competition in high-end products too. He said that “There are signs of overcapacity in stainless steel, electrical steel and auto sheet steel."

    The Ministry of Industry and Information Technology recently warned that the sector is still having trouble with increasing illegal capacity, including new mills not approved by the government and those that were supposed to be shut in capacity swaps.

    Source : Reuters
  15. forum rang 10 voda 16 oktober 2019 14:38
    Refractory Maker Vesuvius Issues Profit Warning as Steel Production Stalls

    Vesuvius Plc as warned that full-year profits could plunge up to 9% as the engineering firm’s profits continue to be battered by weakening global steel production. It said that in July that trading profit had stagnated due to challenging markets in the first half of the year. It said “End markets have continued to deteriorate in the second half of the year, particularly in the Europe and Africa region, and full-year trading profits will fall to between GBP 180 million and GBP 190 million. Steel producers have announced annualized production cuts equivalent to c.4% of 2018 volumes since the end of June. “Over this same period, IHS Markit has lowered its 2019 light vehicle production forecasts and it now expects a 5.6% decline versus 2018.”

    It added “Despite the short-term end-market weakness we are experiencing, we see no structural change to the positive, long-term fundamentals of our end markets and remain confident in our ability to achieve a 12.5% return-on-sales.”

    Source : Strategic Research Institute
  16. forum rang 10 voda 16 oktober 2019 14:39
    Essar Steel Hearing Restarts at Supreme Court

    The Committee of Creditors of Essar Steel defended lower pay out to Standard Chartered Bank despite it being a secured financial creditor, reasoning that its security was different and lower from other lenders of the debt-laden steel maker. Challenging the National Company Law Appellate Tribunal’s decision allowing higher payout to Operational Creditors, the CoC told the Supreme Court that there had to be difference between the money distributed as the OC would continue to be working with the new resolution applicant which takes over. The court will continue hearing the case on Wednesday.

    During a hearing in August, the SC had observed that if the law allowed banks to decide that while they would take haircuts, they could give nothing to the operational creditor, it was bad law. SC had said “If this is not addressed even in the amendments, it is a major lacuna. The amendments, instead of addressing the issue, aggravate it,” the court had then said. The financial creditors to Essar Steel had then tried to justify the latest amendments made to the IBC by claiming that the difference between them and the OCs was that they were secured lenders as opposed to the latter. The court had, however, observed that as there was no monopoly of any operational creditor, it was possible that a new management could switch to another service provider instead of the old one.”

    Source : Strategic Research Institute
  17. forum rang 10 voda 16 oktober 2019 14:42
    Worldsteel acknowledges ArcelorMittal’s excellence in sustainability

    For the third consecutive year, ArcelorMittal has won the Steelie Award for excellence in sustainability. Announced at the World Steel Association’s annual dinner in Monterrey, Mexico, the nod distinguishes the company’s industry leadership on sustainability amid the growing pressure steel companies are facing to outline their approach to reducing carbon emissions.

    The award was given in recognition of the company’s publication of the steel sector’s first Climate Action report in May 2019. The report set out the three pathways the company believes can lead to deep decarbonisation of steelmaking, the various low-emissions technologies the company is trialling and the public policy required to make low-emissions steel a reality. It also confirms ArcelorMittal’s commitments to the objectives of the Paris Agreement and outlines the company’s ambition to significantly reduce emissions across the group, including reaching carbon neutrality in Europe by 2050.

    Accepting the Steelie, Brian Aranha, executive vice president, head of strategy, CTO, R&D, CCM, global automotive, communications and corporate responsibility said:

    “I am delighted to be able to collect this award for the third year in a row, particularly as I am told that the jury voted unanimously that ArcelorMittal should win it. We are immensely proud of the forward-thinking resource our people have put together to build stakeholder understanding of what a transition to a low-carbon steel industry means in practice. Although the report does not have all the answers, it is prompting some very important conversations with our stakeholders across the steel industry and beyond. Having these conversations will be essential to develop the collaborative approach the world needs to take if we are to unlock the full potential of the steel industry’s efforts to decarbonise. This includes working with governments around the world to develop consistent and supportive policy frameworks to enable our industry to succeed in meeting the objectives of the Paris Agreement.”

    The Climate Action report is available to download here.

    corporate.arcelormittal.com/news-and-...
  18. forum rang 10 voda 16 oktober 2019 14:42
    NLMK Announces Q3 & 9M Trading Update

    NLMK Group has published its Q3 2019 and 9M 2019 operating results. NLMK Group sales decreased by 6%QoQ to 4 million tonnes due to repairs at NLMK’s Lipetsk site. The share of finished products grew by 4 p.p. QoQ to 68%

    Q3 2019 highlights:

    1. Steel output decreased by 6% QoQ (-16% YoY) to 3.7 million tonne due to ongoing repairs at NLMK Lipetsk blast furnace and basic oxygen furnace operations. With output down, sales volumes decreased by 6% QoQ to 4 million tonne (-9% YoY) due to the decrease in semi-finished product sales. At the same time, the share of high-value added product sales grew by 3 p.p. QoQ to 33% (+2 p.p. YoY).

    2. Sales to home markets decreased by 6% QoQ to 2.8 million tonne due to seasonal maintenance at NLMK Group’s European companies. Compared to Q3 2018, sales grew by 2% YoY, supported by higher sales of slabs for the production of oil and gas pipes. The share of Group sales to “home” markets totalled 68% (-4 p.p. QoQ; +4 p.p. YoY).

    3. Sales to export markets totalled 1.3 m t (+9% QoQ), supported by higher slab sales to third parties. With NLMK’s European companies’ slab needs down due to maintenance, slab sales were redirected to third party customers. Compared to Q3 2018, sales decreased by 18% YoY due to lower export sales of pig iron against the backdrop of repairs at NLMK Lipetsk and lower demand for billets.

    9M 2019 highlights:

    1. Steel output decreased by 9% YoY to 11.9 million tonne due to overhauls at NLMK Lipetsk BF and BOF operations in Q2-3 2019. Sales remained flat YoY at 12.9 million tonne, while the share of finished products increased by 1 p.p. to 64%. The share of HVA products also grew by 1 p.p. YoY to 30%.

    2. Sales to “home” markets grew to 8.5 million tonne (+5% YoY) due to increased demand for long products and slabs for the production of oil and gas pipes on the Russian market. The Group’s export sales decreased by 6% YoY to 4.5 million tonne.

    Source : Strategic Research Institute
  19. forum rang 10 voda 16 oktober 2019 14:43
    Worldsteel’s 10th Steelie Award winners announced

    The winners of the 10th Steelie Awards were announced at the Annual Dinner of the World Steel Association (worldsteel) on 14 October. The Steelie Awards recognise member companies or individuals for their contribution to the steel industry over a one-year period. The Steelies are awarded in seven categories.

    The winners for 2019 are:

    Excellence in digital communications – Tata Steel Limited

    Innovation of the year – POSCO, Development of inkjet-printed steel (PosART*) and its manufacturing technology

    Excellence in sustainability - ArcelorMittal, Climate Action Report

    Excellence in Life Cycle Assessment – Tata Steel Europe, Developing an LCA tool to assess the sustainability of new product developments

    Excellence in education and training – Ternium, Roberto Rocca Technical School in Pesquería (Nuevo León, Mexico)

    Journalist of the year – Paul LIM, Fastmarkets

    Excellence in communications programmes - Tata Steel Limited, #WeAlsoMAkeTomorrow

    Source : Strategic Research Institute
  20. forum rang 10 voda 16 oktober 2019 14:47
    'Investeerders willen liftentak Thyssenkrupp'

    Gepubliceerd op 16 okt 2019 om 14:07 | Views: 294

    ESSEN (AFN/BLOOMBERG) - Een aantal investeerders heeft zich gemengd in de strijd om de liftentak van het Duitse industrieconcern Thyssenkrupp. Blackstone en Carlyle willen samen een bod doen. De Finse liftenmaker Kone, die al eerder interesse toonde, praat juist met CVC Capital Partners om een gezamenlijk bod uit te brengen. Dat schrijft persbureau Bloomberg op basis van ingewijden.

    Thyssenkrupp zette zijn liftentak al enige tijd geleden in de etalage, onder druk van activistische aandeelhouders. De winstgevende divisie zou ongeveer 15 miljard euro moeten opleveren.

    De samenwerking tussen Kone en CVC kan ervoor zorgen dat een overname door de mededingingsautoriteiten makkelijker wordt goedgekeurd. CVC zou dan de activiteiten van Thyssenkrupp in Europa krijgen, waar Kone veel overlap heeft met de Duitse branchegenoot. Overigens praten de Finnen ook met andere partijen over een mogelijke samenwerking.

    Eerder werden ook investeerders Advent, Cinven en het staatsfonds Abu Dhabi Investment Authority genoemd als geïnteresseerde partijen. Zij zouden gedrieën aan een bod werken.
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