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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,830 19 apr 2024 17:35
  • +0,030 (+0,13%) Dagrange 23,440 - 23,880
  • 2.845.773 Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 1090 1091 1092 1093 1094 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 4 november 2019 16:26
    thyssenkrupp Board Member Commits to Steel Ahead Of Unit Review

    Reuters quoted a thyssenkrupp board member as saying that thyssenkrupp will remain committed to its Steel Europe division. Mr Klaus Keysberg, who is in charge of thyssenkrupp’s steel and materials trading units, said that “Together with the team at Steel Europe we will build a good future for steel. The new steel strategy, which we will present soon, will also send a clear signal to this region where we are working since more than 200 years: steel stays. And it is true that times are rough, we readily admit it: our own performance, which is inadequate in parts, and a weakening economy in important markets contribute to it.”

    It means steel and materials trading will form the core of thyssenkrupp after the planned full or partial sale or listing of its prized elevator unit, and divestment of the majority of its car parts, plant engineering and shipbuilding divisions.

    Source : Reuters
  2. forum rang 10 voda 4 november 2019 16:26
    JSW Steel to Bid for Odisha & Karnataka mines

    Financial Express reported that even as JSW Steel cut its capex guidance for FY20, the company is looking at bidding for a majority of the 20 iron ore mines in Odisha to secure raw material for its greenfield and brownfield projects. Mr Jayant Acharya, director JSW Steel, said the company was bidding for mines given the 20 mtpa greenfield project in Odisha. He said that “The mines in Odisha will primarily help the company secure the future raw material needs of the new plant in Odisha, but it will be taken to other plants as well to meet the requirement.”

    The company is also looking to bid for mines in Karnataka, where it has already secured nine iron-ore mines.

    JSW Steel has undertaken steel capacity expansions at the Dolvi plant to 10 million tonne per annum from 5 million tonne per annum and at Vijayanagar Works to 13 million tonne per annum from 12 million tonne per annum, which would increase the requirement of iron ore from current 32.4 million tonne per annum to 43.2 million tonne per annum. JSW steel meets around 8-9% of its total requirement from captive mines, while the rest is sourced from NMDC and other miners.

    Source : Financial Express
  3. forum rang 10 voda 4 november 2019 16:27
    Global Steel Wire Places Order for a Six-Strand Billet Caster from SMS

    Global Steel Wire SA located in Santander Spain, has placed the order for the upgrade of their continuous billet casting machine with SMS Concast. Steel production at Global Steel Wire SA is focused on wire rod in special steel grades for the automotive and special engineering industries. Currently, the existing caster produces roughly 900,000 tons of steel per year in 180 millimeter square sections. The aim of the modernization is to increase the production flexibility by broadening the range of cast formats by the addition of 200 to 240 millimeter square sections, increasing the casting speeds, and consequently enhancing the productivity and the quality of the cast products. The upgrade is to be implemented with minimized interruption of production. The start-up of the upgraded machine is scheduled for early 2021.

    The order includes the installation of CONDRIVE mold oscillation drive systems on all strands. CONDRIVE has already been tested and has been successfully running on one strand at Global Steel Wire since October 2018. Also the powerful electromagnetic mold stirrers, CONSTIR-MEMS are part of the supply in order to achieve the required quality standards. As an additional feature of the stirring system, CONSTIR-MWS (Modulated Wave Stirring) will allow the energy consumption of the stirrers to be reduced by up to 30%.

    Source : Strategic Research Institute
  4. forum rang 10 voda 4 november 2019 16:28
    Mr Rajiv Mukerji of TATA Steel Appointed as Chairman of mjunction

    Mr Rajiv Mukerji has been appointed Chairman of mjunction services limited, India's largest B2B e-commerce company. He takes the mantle from outgoing Chairman Mr AK Rath. Mr Mukerji is Group Director, Strategic Procurement, of Tata Steel. He is a Bachelor of Arts from Calcutta University and has completed management programs from IIM-A and INSEAD, France. Mr Mukerji has over 32 years of experience in Tata Steel. Thereafter, he has worked in various divisions of the company including International Trade and Shipping and Logistics. In 2007, he was appointed Managing Director of Tata NYK Shipping in Singapore before moving into his current role in November 2013.

    Mr Mukerji said that "I look forward to leading a dynamic organisation such as mjunction, which is a pioneer and leader in B2B e-commerce."

    Source : Strategic Research Institute
  5. forum rang 10 voda 4 november 2019 16:28
    Nanjing Iron & Steel to Use Danieli Technology-for Steckel Mill

    Nanjing Iron and Steel Co decided to rely on Danieli technology-advanced HAGC to upgrade its 3500-mm Steckel mill located in Nanjing, Jiangsu province, China, thus ensuring accuracy and quality of the rolled strip. The project will be carried out by Danieli Service, which provides steelmakers with full customer support through equipment and process upgrades, and consultancies services.

    Design and manufacturing will be carried out in the Danieli manufacturing centers, whose superior product quality and services are very much appreciated by NISCO.

    Source : Strategic Research Institute
  6. forum rang 10 voda 4 november 2019 16:29
    Shape Corp Nominated for Swedish Steel Prize 2019 Finalist

    For developing a unique manufacturing process and a lightweight solution for A-pillar and roof rail tubes in cars, Shape Corp has been nominated for the Swedish Steel Prize 2019. Shape Corp, from the USA, is one of the four finalists for this year’s prize, which will be awarded during a ceremony in Stockholm, Sweden on November 14. The award ceremony is part of a three-day event where hundreds of international participants will take part in seminars and a site visit at SSAB. Shape Corp is nominated for its 3D roof rail tube, a new innovation that represents a first in the automotive industry and will result in both cost savings for OEMs and safer cars for the general public.

    Mr Brian Oxley, Product Manager at Shape Corp said that “In the mid-2000s we developed bending technology that could bend in one direction in the same plane, in line with our roll forming process. We called it 1D bending, and over the next few years this technology progressed to handling bending in two directions on the same plane – and then three directions. We call it 3D bending.”

    The Swedish Steel Prize, which celebrates its 20th anniversary this year, aims to recognize the good engineering, cooperation and steel innovations that lead to a better and more sustainable world.

    Source : Strategic Research Institute
  7. forum rang 10 voda 4 november 2019 16:31
    Mettalex in Talks with Exchanges for New Steel Scrap Contract

    Reuters reported that startup steel trading firm Mettalex is in talks with exchanges about launching a new scrap contract focused on Asia. Mr Phillip Price, managing director of Mettalex, said that “Growing trade in steel scrap delivered in containers is ripe for a derivative. We are big believers in the idea of a containerized scrap derivative product for south or East Asia. We’ve been developing systems in order to create a forward curve for that product. We’re in talks with several exchanges at the moment. There are a couple of exchanges that are interested in it.”

    Mr Price said that the LME scrap futures contract is based on bulk consignments into Turkey, but there has been growing trade in scrap delivered in containers and this activity now accounts for between 30% and 40% of global volumes.

    Source : Reuters
  8. forum rang 10 voda 4 november 2019 16:31
    United States Steel Corp Announces Q3 Result

    United States Steel Corporation reported third quarter 2019 net loss of USD 84 million. Adjusted net loss was USD 35 million. This compares to third quarter 2018 net earnings of USD 291 million & adjusted net earnings for third quarter 2018 were USD 321 million. President and Chief Executive Officer Mr David B Burritt said that "The team delivered better than expected results from solid cost performance and higher than forecasted shipments in Flat-Rolled. While market headwinds persist, we continue to focus on what we can control, including re-scoping our asset revitalization investments and reducing fixed costs. We also completed three financing activities since the quarter ended, which delivered approximately USD 1.1 billion of incremental capital to further support our strategy."

    Mr Burritt added that “We are using today's market environment as a catalyst to improve our business model with our 'best of both' strategy. Our investment in Big River Steel is strategic priority number one and we are already purposefully re prioritizing our uses of cash towards investments most closely aligned with the business we are becoming. We will be flexible managing the pace of our strategic investments to ensure we demonstrate the resiliency required to achieve the cost and capability differentiation of our world competitive strategy."

    Source : Strategic Research Institute
  9. forum rang 10 voda 4 november 2019 16:40
    Tenaris Announces Third Quarter Results

    Tenaris SA announced its results for the quarter and nine months ended September 30, 2019 with comparison to its results for the quarter and nine months ended September 30, 2018.Tenaris said that “Our third quarter sales fell 8% sequentially and 7% year on year, despite gains in the Middle East and Mexico, reflecting ongoing activity reductions in the US and Argentine shales, which is affecting prices throughout the Americas, and a downturn in our European industrial sales. Our EBITDA margin was affected by a decline in average selling prices and the impact of major maintenance stoppages in the northern hemisphere, principally in Mexico. Net income for the quarter was further affected by the impact of currency devaluations on our income tax charge in Argentina and Mexico and by a lower contribution from our equity investment in Ternium.”

    It said “During the third quarter, drilling activity in the US shales fell further, as operators chose to prioritize investor returns over production growth and maintain spending within budget limits announced at the beginning of the year. We do not expect a recovery in US shale drilling activity going into 2020. In Canada, the situation is similar with drilling activity well down on last year and no recovery expected over last year in the upcoming winter drilling season. In Latin America, drilling activity in Argentina is declining as operators put on hold their investment plans for Vaca Muerta pending more clarity on the policy measures that will be adopted by the incoming government. In Mexico, offshore drilling activity has been increasing.
    In the Eastern Hemisphere, drilling activity continues to improve, led by gas developments in the Middle East, and a gradual recovery in offshore basins.”

    It said “Price levels for steel pipe products in North America have been affected by the decline in demand, the increased competitiveness of domestic welded pipe products reflecting lower costs of hot rolled coils, and continuing high import levels, despite the application of US Section 232 tariffs and quotas.”

    It added “In the fourth quarter, our sales will be affected by lower average selling prices and the activity slowdowns in the USA and Argentina. We expect to mitigate much of the impact of lower average selling prices with lower costs and maintain our EBITDA margin in line with that of this third quarter. Going into 2020, we expect a recovery in sales, particularly for offshore and gas drilling activity, as well as in margins and cash flow as we work on reducing costs and working capital.”

    Voor cijfers, zie pdf.

    Source : Strategic Research Institute
  10. forum rang 10 voda 4 november 2019 16:48
    Iran eying USD 9 billion Worth of Steel Exports until March

    Press TV quoted Iranian authorities as saying that the country would exceed a target set for exports of steel until March next year despite American sanctions that have specifically targeted the metals sector. Mr Ja’afar Serqini, a deputy to Iran’s minister of industries, said that a target of USD 9 billion worth of steel exports set for the end of the current Iranian calendar year would be well within the reach of the country as production in the first two quarters had exceeded the government estimates. Mr Serqini said production between late March and late September topped 13.2 million tonnes and that output would reach 28 million tonnes in March 2020.

    Mr Serqini said Iran exported a total of 6 million tonnes of steel until late September, adding that annual exports would reach 12 million tonnes until the end of the current Iranian year.

    The official insisted that the American sanctions had caused Iran’s metals and mining sector to thrive and to become a staple part of the country's economy.

    Source : Press TV
  11. forum rang 10 voda 4 november 2019 16:49
    Metinvest prepays USD 75 million Part of PXF facility Ahead of Schedule

    Metinvest has repaid USD 75 million of its pre-export finance facility ahead of schedule. Following this repayment, the remainder due under the PXF facility is USD 406 million. The move demonstrates the Group’s diligence in debt servicing and also releases Metinvest from scheduled principal repayments for the next few months, providing greater financial flexibility during a steel price down cycle.

    The payment is a planned use of part of the net proceeds from Metinvest Group’s recent dual currency bond transaction, which was aimed at extending the maturity profile of its outstanding Eurobonds and received strong support from the global investor community, as well as top European financial institutions.

    Source : Strategic Research Institute
  12. forum rang 10 voda 4 november 2019 16:49
    US Steel Shuts Down Part of Portage Plant after Hexavalent Chromium Spike

    Chicago Tribune reported that US Steel shut down parts of its Midwest Plant in Portage after a hexavalent chromium spike. The steelmaker said a spike above its .51 pounds per day permit limit occurred at an internal outfall that went into Burns Ditch. Another test fell below the permit limit. However the daily average measured slightly above its permit limit. The company said that the Indiana Department of Environmental Management and local stakeholders were informed.

    US Steel spokeswoman Amanda Malkowski said that “Upon receiving the lab results, we immediately shut down multiple parts of the facility. Those parts, the chrome treatment plant, tin line and chrome lines will remain shut down as our investigation continues. An investigation into this matter is ongoing. We are committed to working with local officials and to communicating with the public on this matter. Safety and environmental performance remains our top priorities.”

    Source : Chicago Tribune
  13. forum rang 10 voda 4 november 2019 16:51
    AM InvestCo Italy sends withdrawal and termination notice from the lease and purchase agreement for Ilva business

    4 November 2019, 13:35 CET

    Today, AM InvestCo Italy (‘the Company’) sent to Ilva’s Commissioners a notice to withdraw from, or terminate, the agreement (‘the Agreement’) for the lease and subsequent conditional purchase of the business of Ilva S.p.A. and certain of its subsidiaries (‘Ilva’), closed on 31 October 2018.

    The Agreement stipulates that, in the event that a new law affects the environmental plan for the Taranto plant so as to materially impair the ability to operate it or to implement its industrial plan, the Company has a contractual right to withdraw from the Agreement. Effective on 3 November 2019, the Italian Parliament has removed the legal protection necessary for the Company to implement its environmental plan without the risk of criminal liability, thus justifying the withdrawal notice.

    In addition, the decisions issued by the criminal court of Taranto bind the Ilva extraordinary Commissioners to complete certain prescriptions by 13 December 2019 – a term the Commissioners themselves deemed impossible to meet – failing which blast furnace number 2 will be shut down. Such prescriptions should also reasonably and prudentially be applied to the other two blast furnaces at the Taranto plant. The shutdown would make it impossible for the Company to implement its industrial plan, operate the Taranto plant and, generally, perform the Agreement.

    Other serious occurrences, independent of the Company’s will, have also led to a situation of legal and operational uncertainty that has further significantly impaired the ability to carry out the necessary operations at Ilva and operate the Taranto plant.

    All the mentioned circumstances also entitle the Company to terminate the Agreement under the applicable provisions and principles of the Italian Civil Code.

    In accordance with the content of the Agreement, the Company has asked the extraordinary Commissioners to take responsibility for Ilva’s operations and employees within 30 days from the receipt of the notice of withdrawal and termination.

    corporate.arcelormittal.com/news-and-...
  14. forum rang 10 voda 4 november 2019 16:52
    Prakash Industries Enhances Capacity of Steel Melting Shop by Adding 4 IFs

    Prakash Industries Limited has expanded the installed capacity in its Steel Melting Shop by commissioning of 4 nos. new energy efficient Induction Furnaces. The enhanced capacity now stands at 1.176 million tonnes per annum. The installation of these Induction Furnaces will result in further cost savings to the company.

    Source : Strategic Research Institute
  15. forum rang 10 voda 4 november 2019 16:52
    NLMK Bags Leader in Competitive Procurement Award

    NLMK Group won the Leader in Competitive Procurement award, topping the Company of the Year nomination. The expert jury applauded the contribution of NLMK Group's procurement team to its procurement process development. Over the last five years, the Company has successfully implemented a Group-wide procurement information system that currently covers over 90% of NLMK Group's suppliers, and set up direct strategic partnerships with its key suppliers.

    Leader in Competitive Procurement is a professional competition in trading and procurement. The mission of the competition is to create visibility for the most significant projects in procurement that boost business efficiency and contribute to overall market development. 220 Russian companies representing all sectors of the economy took part in this year’s competition. The Award’s Community Board made up of 70 independent experts in procurement named the winners in 14 nominations.

    NLMK Group has previously won this competition as the ‘Leader in the Digitalisation of Procurement Processes’ in 2018, and as the ‘Leader in Procurement Efficiency’ in 2017. The award ceremony was held in Moscow at the Russian ‘Corporate Procurement 2019’ Summit.

    Source : Strategic Research Institute
  16. forum rang 10 voda 4 november 2019 16:53
    EVRAZ Disclosure on Tailings Storage Facilities

    EVRAZ plc published on its website the details of its tailings storage facilities as requested by the Church of England Pensions Board and the Swedish Council on Ethics for the AP Funds, representing a large number of institutional investors. As of today, EVRAZ operates three TSFs with upstream dams owned by EVRAZ ZSMK (since 2003) and EVRAZ KGOK. EVRAZ has a dam safety management system in accordance with the current legislative procedures that cover all stages of life cycle: design, construction, operation and asset retirement. All dams have safety zones where no living houses and civilian infrastructure is allowed. The processes and procedures are controlled by operations and audited by the HSE personal of the sites, the regulator’s inspectors and the EVRAZ’s internal industrial safety auditors, and the measures to improve the effectiveness of controls have always been implemented. Currently, an audit of TSFs operation is being conducted by EVRAZ’s internal industrial safety auditors at all active TSFs.

    EVRAZ has an Environmental Management System (EMS) in place, which ensures that environmental risks are mitigated and that all regulatory requirements are met. The EMS also incorporates environmental and social impact assessments, environmental due diligence, and the management of environmental projects.

    Mr Alexander Frolov CEO of EVRAZ said that “The principles of minimising negative impacts on the environment and the efficient use of resources are integrated into EVRAZ’ daily operations. EVRAZ’ strategy for dealing with non-hazardous mining wastes, such as depleted rock, tailings and overburden, is to use them where possible for land rehabilitation and the construction of dams or roads. All non-recyclable waste is stored in facilities that were designed to prevent any harmful substances contained in the waste from escaping into the environment. Safety at such facilities is monitored extremely closely, and all necessary steps have been taken to mitigate any danger as far as possible.”

    Source : Strategic Research Institute
  17. forum rang 10 voda 5 november 2019 09:21
    'Jindal hernieuwt interesse in Ilva-fabriek'

    Gepubliceerd op 5 nov 2019 om 09:05 | Views: 227

    ArcelorMittal 09:03
    14,79 +0,21 (+1,43%)

    TARENTE (AFN/BLOOMBERG) - Het Indiase Jindal Steel & Power heeft weer mogelijk interesse in de staalfabriek Ilva in Zuid-Italië, momenteel in handen van ArcelorMittal. Dat meldde de Italiaanse krant La Repubblica zonder bronnen te noemen. ArcelorMittal wil de fabriek teruggeven aan de Italianen, omdat de overheid een belangrijke milieugarantie heeft ingetrokken.

    De Italiaanse ex-premier Matteo Renzi zou positief tegen de overname van de Ilva-fabriek door Jindal Steel & Power kijken. Andere mogelijke kandidaten zijn het Italiaanse staalbedrijf Acciaieria Arvedi en de Italiaanse staatsleenbank Cassa Depositi e Prestiti, meldde de Italiaanse krant.

    Jindal Steel & Power is de dochtermaatschappij van O.P. Jindal Group, een conglomeraat opgericht door de Indiase miljardair O.P. Jindal. Jindal Steel & Power wordt nu geleid door zijn zoon Naveen Jindal. JSW Steel, dat ook onder O.P. Jindal Group valt, aasde vijf jaar terug op het Italiaanse Ilva.
  18. forum rang 10 voda 5 november 2019 10:55
    Beursblik: uitblijven overname Ilva positief voor ArcelorMittal op korte termijn

    FONDS KOERS VERSCHIL VERSCHIL % BEURS
    ArcelorMittal
    14,668 0,09 0,62 % Euronext Amsterdam

    (ABM FN-Dow Jones) ArcelorMittal zal op korte termijn profiteren van de beslissing om af te zien van de overname van de Italiaanse staalfabriek Ilva. Dit stelde analist Stijn Demeester van ING dinsdag.

    Ilva is verlieslatend en zal een negatief resultaat van 600 miljoen euro aan het jaarresultaat van ArcelorMittal bijdragen.

    Ook zal het besluit om af te zien van de overname de investeringen "drastisch" terugbrengen. ArcelorMittal had namelijk de belofte gedaan om in de komende zeven jaar 2,4 miljard euro te investeren in de staalfabriek.

    Het blijft volgens ING evenwel de vraag of ArcelorMittal een deel van de gelden die al zijn geïnvesteerd, kan terugkrijgen.

    Op de lange termijn is de impact van de beslissing wat genuanceerder, aldus ING. Demeester is er nog steeds van overtuigd dat de fabriek op termijn 600 miljoen euro kan bijdragen aan de EBITDA van ArcelorMittal, maar dat de huidige stand van de Europese staalsector en de tegenwerking van de Italiaanse overheid het moeilijk maakt om dit potentieel eruit te halen.

    ING handhaafde het koopadvies op ArcelorMittal met een koersdoel van 18,00 euro. Het aandeel steeg vanochtend 0,3 procent tot 14,62 euro.

    Door: ABM Financial News.
    info@abmfn.nl
    Redactie: +31(0)20 26 28 999

    © Copyright ABM Financial News B.V. All rights reserved.
  19. forum rang 10 voda 5 november 2019 15:16
    Beursblik: analisten rekenen op flinke winstdaling ArcelorMittal

    FONDS KOERS VERSCHIL VERSCHIL % BEURS
    ArcelorMittal
    14,948 0,37 2,54 % Euronext Amsterdam

    (ABM FN-Dow Jones) ArcelorMittal heeft in het derde kwartaal van 2019 vermoedelijk flink minder winst gemaakt. Dit blijkt uit de analistenconsensus die het staalbedrijf in aanloop naar de cijfers publiceerde.

    Analisten rekenen voor het derde kwartaal op een EBITDA van 930 miljoen dollar.

    In het tweede kwartaal lag het bedrijfsresultaat nog op 1.555 miljoen dollar en in het derde kwartaal van 2018 was dit zelfs 2.729 miljoen dollar.

    Maandag werd bekend dat het bedrijf alsnog afziet van de overname van de Italiaanse staalfabriek Ilva. ING liet daarop weten dat dit voor de korte termijn gunstig voor ArcelorMittal kan uitpakken, omdat de Italianen verlieslatend zijn en er nu geen investeringen van 2,4 miljard euro hoeven te worden gedaan die ArcelorMittal had toegezegd te zullen doen. Wat onbeantwoord bleef was de vraag of al gedane investeringen nog wel terugkomen. ING hanteert een koopadvies voor het aandeel met een koersdoel van 18,00 euro.

    JP Morgan Cazenove sloot zich daar in een commentaar bij aan en stelde als gevolg van het besluit in theorie een positief effect op het EBITDA van 11 tot 13 procent en circa 900 miljoen dollar op de kasstroom. Mocht Ilva uiteindelijk sluiten, dan valt er capaciteit weg, met een positief effect op de Europese staalprijzen, zo is verder de gedachte bij de zakenbank, die het advies voor het aandeel ArcelorMittal op Overwogen heeft staan.

    UBS, dat het advies Neutraal met een koersdoel van 13,00 euro hanteert, voorziet een daling van het EBITDA in het derde kwartaal naar 980 miljoen dollar en een stijging van de nettoschuld naar 11,1 miljard dollar. De verschepingen dalen volgens de Zwitserse zakenbank met 11 procent op kwartaalbasis bij een prijsdaling van 30 dollar per ton, eveneens op kwartaalbasis. Voor het vierde kwartaal voorzien de analisten van UBS geen verbetering, omdat lagere kosten voor grondstoffen teniet worden gedaan door lagere staalprijzen.

    De publicatie van de kwartaalcijfers staat voor donderdag 7 november gepland.

    De koers van het aandeel ArcelorMittal noteerde dinsdag op een groen Damrak 2,3 procent hoger op 14,91 euro.

    Door: ABM Financial News.
    info@abmfn.nl
    Redactie: +31(0)20 26 28 999

    © Copyright ABM Financial News B.V. All rights reserved.
35.173 Posts
Pagina: «« 1 ... 1090 1091 1092 1093 1094 ... 1759 »» | Laatste |Omhoog ↑

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