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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 ... 436 437 438 439 440 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 14 juli 2016 16:59
    Usiminas asks banks to extend standstill - Report

    Reuters, citing some sources, reported that Brazil's No 1 listed flat steelmaker Usinas Siderúrgicas de Minas Gerais SA is asking banks to extend a 120-day standstill agreement covering BRL 4 billion (USD 1.22 billion) in loans that expires next week in a bid to conserve cash. As per report, Usiminas has contacted Itaú Unibanco Holding SA, Banco Bradesco SA and state-controlled lenders Banco do Brasil SA and BNDES to stretch out the standstill deadline by between 30 days and 60 days

    The report quoted a source as saying that "Terms of the definitive contracts have yet to be negotiated.The initial 120-day period was a tentative one ... normally, a little more time is required to iron out issues such as guarantees and documentation."

    On June 15, the banks agreed to stretch out Usiminas maturities over the next 10 years with a three-year grace period on the principal. The refinancing, equivalent to 75 percent of the company's debt, is contingent on full approval of a capital injection led by controlling shareholders Techint Group and Nippon Steel & Sumitomo Metal Corp.

    Source : Reuters
  2. forum rang 10 voda 14 juli 2016 17:01
    Jairaj Ispat plans to set up a 1 million tonne steel plant at Mahboobnagar in Telangana

    Business Standard reported that S K Goenka promoted Jairaj Ispat Limited has proposed to set up a 1 million tonne per annum capacity steel plant in Mahboobnagar district in Telangana at an investment close to INR 3,000 crore.

    The company Executive Director Mr Siddhartha Jain on Wednesday met with Telangana Industries Minister Mr KT Rama Rao and sought clearances for the same.

    The company officials informed the minister that they will start the work on first phase project as soon as the necessary clearances were in place.

    It had earlier proposed to set up a 0.5 million tonne TMT bars and alloy steel bars plant at Orvakal in Andhra Pradesh.

    JRIL is a closely held company, which currently produces direct reduced iron and rebars.The company's sponge iron division is located in Bellary in Karnataka while the steel melt shop division and rolling mill division is in Hyderabad.

    Source : Business Standard
  3. forum rang 10 voda 15 juli 2016 14:07
    Europese staalindustrie betaalt de prijs voor overcapaciteit

    Eurofer vraagt om meer marktbescherming.

    De vraag naar staal in de Europese Unie groeit in een matig tempo, maar de import neemt in snel tempo toe en de Europese Commissie treedt daarbij niet daadkrachtig genoeg op. Dit stelde de Europese brancheorganisatie Eurofer vrijdag in een persbericht.

    De staalconsumptie in de EU nam in het eerste kwartaal ten opzichte van een jaar geleden met 3,1 procent toe, maar de import van staal groeide tegelijk met 24 procent, constateerde de organisatie uit Brussel.

    Directeur generaal Axel Eggert van wees daarbij niet alleen de vinger naar de groeiende import tegen dumpprijzen uit China, maar merkte op dat staalproducenten landen als Japan, Zuid-Korea, Iran, Wit-Rusland, Rusland en Oekraïne zich steeds meer op de Europese markt begeven.

    Eurofer zag dat deze ontwikkeling met groeiende staalimport zich in het tweede kwartaal voortzette, waarbij de vraag naar staal ongeveer in dezelfde mate groeide als in de eerste drie maanden.

    Voor de tweede helft van het jaar worden dalende voorraden voorzien en voor heel 2016 ziet Eurofer daarbij een marktvraag van circa 1 procent. Voor 2017 zijn de vooruitzichten voor de vraag naar staal gematigd positief.

    "Zo lang er wereldwijde overcapaciteit bestaat en de overheden elders sterker reageren op oneerlijke handel, zullen verstoringen in de aanvoer een risico vormen voor de stabiliteit in de staalmarkt in de Europese Unie", aldus Eggert.

    Door: ABM Financial News.

    Info@abmfn.nl

    Redactie: +31(0)20 26 28 999

    Copyright ABM Financial News. All rights reserved

    (END) Dow Jones Newswires
  4. forum rang 10 voda 15 juli 2016 14:20
    Beursblik: Berenberg zet initieel koopadvies op Aperam

    Koersdoel van 42,00 euro.

    Berenberg heeft een initieel koopadvies gezet op Aperam met een koersdoel van 42,00 euro, vanwege onder meer het efficiënte businessmodel en een sterke balans. Dit meldden de analisten van Berenberg vrijdag in een sectorrapport, waarbij de sector als geheel een Neutraal advies kreeg.

    Hoewel sectorgenoten van Aperam, zoals Outokumpu, volgens de analisten een hogere operationele hefboom bieden in het licht van een aantrekkende wereldeconomie, ligt het opwaartse potentieel van de fabrikant van roestvast staal met een notering op het Damrak met name bij de Braziliaanse activiteiten. Het herstel van de Braziliaanse economie kan de fabrikant daarbij volgens Berenberg in de kaart spelen.

    Daarnaast zal de winstgevendheid van Aperam in een scenario van een neergaande markt, minder onder druk komen te staan dan die van sectorgenoten vanwege het herstructureringsprogramma dat Aperam uitvoert om de kosten te verlagen en de efficiëntie te verhogen. Ook slaagde Aperam er in om de schuld "veel verder" terug te brengen dan de concurrenten.

    Verder wezen de marktvorsers van de Duitse zakenbank op de sterke balans van Aperam, hetgeen resulteert in een "solide" dividendbeleid en een "sterke" vrije kasstroom.

    Op een groen Damrak sloot het aandeel Aperam vrijdag 1,5 procent hoger op 34,46 euro.

    Door: ABM Financial News.

    Info@abmfn.nl

    Redactie: +31(0)20 26 28 999

    Copyright ABM Financial News. All rights reserved

    (END) Dow Jones Newswires
  5. forum rang 10 voda 15 juli 2016 15:17
    Scunthorpe steel to be used on Iron's new stadium at Lincolnshire Lakes

    Scunthorpe Telegraph reported that Scunthorpe steel will be used to build Scunthorpe United's new stadium as part of a partnership forged between the club and British Steel. The news comes as it can today be revealed that the final planning obstacle to the GBP 1.3 billion Lincolnshire Lakes project where the stadium will be sited has been cleared – paving the way for work to begin.

    The 12,000-seat stadium, an artist's impression is pictured below, will form part of the Lakes scheme, which will also include 7,739 homes in six villages, a business park and leisure facilities on land between Scunthorpe and the River Trent. It will be built with steel made in Scunthorpe and rolled at British Steel's Teesside Beam Mill.

    No date has yet been set for work to start on the GBP 25 million stadium, although work on the first 3,000 homes in the Lakes project is expected to begin later this year after plans were formally signed off by North Lincolnshire Council.

    The partnership between the Iron and British Steel, which took ownership of the Scunthorpe works over from Tata Steel last month, will also see the firm's logo appear on the club's kits for the 2016-17 season.

    British Steel's commercial director Peter Hogg said "We're delighted steel made in Scunthorpe will be used in the Iron's new stadium. It promises to be one of the finest grounds in the Football League and it makes perfect sense that we join forces on this project. Scunthorpe steel has already been used in many top class sporting venues, including the Olympic Stadium that West Ham United are moving into and Manchester City's Etihad Stadium. "And while we are a global company, support from the communities we operate in is crucial, so this is a huge show of confidence in British Steel and the quality of steel we produce."

    Source : Scunthorpe Telegraph
  6. forum rang 10 voda 15 juli 2016 15:26
    Sidenor will invest EUR 80 million in steelworks

    Local media reported that Sidenor will undertake an investment of EUR 80-90 in early 2017 for modernization of the plant Basauri (Bizkaia) to make it the most competitive in Europe. Following the purchase of all Spanish factories to the Brazilian multinational Gerdau, the Basque steel this year hopes to reach a turnover of EUR 640 million, somewhat lower than last year, and a gross profit of EUR 25 million.

    The CEO of Sidenor, Jose Antonio Jainaga, who led with six other exdirectivos of Gerdau's acquisition of the company for EUR 155 million (including a debt of 80 million) last October, announced these plans

    The main commitment of specialty steel manufacturer will be the transformation of the area rolling and finishing plant in Basauri "the most competitive in Europe" to what is anticipated to exceed 80 million euros investment. `The decision could be adopted in early 2017 and will last for approximately two years. The investment plan, said the first officer of Sidenor, will coincide in time with the collective bargaining agreement, which expires this year, so it has been suggested to unions not use extreme their work demands so as not to risk investment.

    Source : ccaa.elpais.com
  7. forum rang 10 voda 15 juli 2016 15:30
    Brazil's tax court rules against Gerdau

    Reuters reported that Brazil's tax auditing court CARF ruled against steelmaker Gerdau SA on Wednesday in four cases where the company was questioning charges estimated at 4 billion reais ($1.2 billion).

    Gerdau said it would appeal the decision.

    Source : Reuters
  8. forum rang 10 voda 15 juli 2016 15:33
    EVRAZ starts building a new blast furnace at NTMK

    EVRAZ NTMK has announced the start of a new blast furnace construction project. A symbolic plate was laid into the foundation of the unit during a Steelworker’s Day celebration ceremony.

    Source : Strategic Research Institute
  9. forum rang 10 voda 15 juli 2016 15:34
    Cabinet Committee on Privatisation gives approval for divestment of PSM

    Pakistan Today reported that in view of the commitment to the International Monetary Fund, Pakistan’s Cabinet Committee on Privatisation, chaired by Finance Minister Senator Ishaq Dar, on Thursday allowed the Privatisation Commission to go ahead with the plan for divestment of Pakistan Steel Mills on the stock exchange through the IPO.

    It was observed that despite massive efforts, there had been no serious engagement by the Sindh government on the offer made by the federal government to acquire the PSM. CCOP, therefore, allowed the Privatisation Commission to go ahead with the plan for divestment of the PSM following due process.

    The finance minister directed that principle of transparency must be ensured in the divestment process.

    Source : Pakistan Today
  10. forum rang 10 voda 15 juli 2016 15:36
    Lender consortium appoints Deloitte for audit of Bhushan Steel

    Economic Times reported that a consortium of 30 lenders of Bhushan Steel Limited has decided to appoint consulting firm Deloitte to conduct a forensic audit that will help them decide if the company should be given a second chance to recast a loan of INR 40,000 crore. The consortium met on Tuesday at the headquarters of the lead bank, State Bank of India, to discuss if they could initiate S4A or take legal action to recover dues from Bhushan Steel.

    A senior bank official present at meeting said "Bhushan Steel has become a cause for worry for most banks as its debt is classified as non-performing loan and if steps are not taken now, the asset could deteriorate further.”

    Senior bank officials who attended the meeting said that while majority of the lenders agreed to give Bhushan Steel a second chance, some worried the company's past record involving bribe for loan could hamper chances of recovering their dues.

    Under the S4A scheme, banks can separate sustainable debt from unsustainable debt. Subsequently, lenders can convert the unsustainable debt into equity, reducing the debt burden of the promoters of the company but also reducing their equity.

    Source : Economic Times
  11. forum rang 10 voda 15 juli 2016 15:37
    Lech-Stahlwerke places order with SMS group for expansion of bar mill 2

    The expansion of bar mill 2 of Lech-Stahlwerke GmbH at the Meitingen site will be completed by SMS group in the fall of 2017 when the mill will go into production. The scope of supply of SMS group includes a 3-roll precision sizing block (PSM® - Precision Sizing Mill) including the associated roll workshop, a rake-type cooling bed, abrasive cut-off machines and a finishing section. In addition to the mechanical equipment, SMS group also supplies the electrical equipment and the automation system and is also responsible for erection and commissioning.

    Source : Strategic Research Institute
  12. forum rang 10 voda 15 juli 2016 15:38
    Essar Steel Algoma says KPS is out, but lenders still interested

    Essar Steel Algoma announced that KPS Capital Partners has withdrawn from the consortium trying to buy the local steel mill. Essar Steel Algoma had been seeking court approval to sell its Sault steelworks to the Manhattan-based private equity firm.

    However, ESA says term lenders that were part of the KPS consortium "remain committed to closing the transaction contemplated by the asset purchase agreement as soon as possible."

    The news comes after United Steelworkers Local 2251 — Essar Steel Algoma's largest bargaining group — announced Monday that it was not willing to agree to terms with KPS and that it has signed a letter of intent to negotiate with Ontario Steel Investments Ltd., a new company set up by Essar Global to acquire Essar Steel Algoma and the former Stelco steelworks in Hamilton and Nanticoke.

    Essar Steel Algoma Inc. (Algoma) has received notice from the Term Lenders that the Consortium Agreement between KPS Capital Partners LP and certain Term Lenders has been terminated. The Term Lenders have indicated that they remain committed to a going-concern outcome for Algoma and all of its stakeholders, and to closing the transaction contemplated by the Asset Purchase Agreement as soon as possible.

    As a result of this development Algoma is seeking an adjournment of the motion for approval of the Asset Purchase Agreement.

    Essar Steel Algoma CEO Kalyan Ghosh commented on the development, “While it is unfortunate that KPS has withdrawn from the consortium, I am pleased that the term lenders remain committed to closing the transaction. Algoma will seek to work with its stakeholders to achieve the optimal outcome for the future of Algoma, its employees, pensioners and the customers we serve.”

    Source : Soo Today
  13. forum rang 10 voda 15 juli 2016 15:40
    First coil processed at Baosteel Zhanjiang on continuous galvanizing line supplied by Primetals Technologies

    At the production facility of Chinese steelmaker Baosteel Zhanjiang Iron & Steel Co Ltd, a continuous galvanizing line (CGL) supplied by Primetals Technologies, processed the first coil at the end of March. The new CGL No. 2 is designed to galvanize 465,000 metric tons per year, covering a wide range of steel grades for automotive and home electrics appliance uses for the markets in southern China and Southeast Asia. The order had been awarded to Primetals Technologies in August 2013.

    Source : Strategic Research Institute
  14. forum rang 10 voda 15 juli 2016 15:41
    AISI CEO tells US senators that China's unfair trade must stop

    Mr Thomas J Gibson, president and CEO of the American Iron and Steel Institute, has testified before the Senate Banking Committee’s hearing on “Evaluating the Financial Risks of China.” Gibson highlighted global steel overcapacity, market distortions created by China’s state-controlled steel industry and China’s market economy status, among other issues. The committee is chaired by Sen. Richard Shelby (R-AL), and the ranking member is Sen. Sherrod Brown (D-OH), both of whom represent states with a strong steel presence.

    Source : Strategic Research Institute
  15. forum rang 10 voda 15 juli 2016 15:42
    China and EU form working group to target Chinese steel exports

    People's Daily reported that Mr Jean-Claude Juncker, president of the European Commission, at a press conference on Wednesday announced that China and the EU will form a joint working group to monitor China's steel export volume and to solve the country's overcapacity issue. This decision was made by Chinese Premier Li Keqiang together with the president of the European Council, Donald Tusk. Li and Tusk formalized the agreement at a small meeting held before the 11th EU-China Business Summit on July 13.

    Mr Juncker expressed his hope to Premier Li that the EU could gain access to clearer figures about China's steel exports. Mr Juncker explained during the press conference that “According to China's official statistics, the export volume increased by 28 percent in the first quarter of the year, but the price decreased by 31 percent.”

    Mr Juncker said the new working group will monitor the export volume of steel in order to evaluate whether China is taking effective measures to control its overcapacity.

    Source : People's Daily
  16. forum rang 10 voda 15 juli 2016 15:43
    Brexit means UK government scab bail out steel industry - Labour MPs

    The Mirror reported that some MP’s said that UK government should seize on Brexit as a chance to back Britain’s crisis-hit steel industry as quitting the EU means the UK can ignore Brussels rules banning state aid to ailing sectors.

    Business Select Committee chairman Ian Murray called on the Government to speed up major infrastructure projects which could use British steel. The Labour MP said “We need to see that policy translated into ongoing orders and activities for steel producers and manufacturers. We really don’t need to worry about state aid any more, so we can use this as an opportunity to champion British steel.”

    Labour’s Scunthorpe MP Nic Dakin said buying British was vital for the future of the steel industry. He said “The procurement opportunity of leaving the EU needs to be taken advantage of.”

    Cardiff South Labour MP Stephen Doughty demanded categorical assurances and actions for the UK industry following the referendum Leave vote and as Theresa May takes over as Prime Minister. He said “We don’t want to hear more platitudes and we don’t want to hear more warm words. The steel industry cannot afford to wait. This is a matter of national significance.”

    Source : The Mirror
  17. forum rang 10 voda 15 juli 2016 15:44
    New steel minister aims to increase consumption in India

    Financial Express reported that India’s new steel minister, Chaudhary Birender Singh, has set his priorities — cutting down imports of steel, increasing exports and enhancing domestic consumption. Improving efficiency of the sector would also be a focus area. Mr Singh told FE in his first interview after assuming charge on July 6 that “Steel is an important sector as it contributes 2% of the GDP. My focus would be to ensure that our products are the best in the world, our imports are cut to a size where we may be able to save a lot of forex and our exports become competitive.”

    Mr Singh said his ministry would always put across its priority on cutting enhancing exports and down imports, adding that he was “not here (as a minister) to oversee the performance of the PSUs, but to do the policy making”.

    He said “Exports can be increased only when we are more competitive than the rest of the world. I want to ensure that happens.”

    Though the minister did not spell out the probable steps he would like to take to rein in imports, sources said, the ministry might extend the minimum import price (MIP) on steel for another six months after the first term ends on August 6.

    The minister also wants to enhance domestic consumption of steel, which is nearly one-fourth of the global average of 234 kg, with special emphasis on rural areas where the per capita consumption is just 12 kg.

    Source : Financial Express
  18. forum rang 10 voda 15 juli 2016 15:46
    CSC lowers steel prices for September shipment

    Taipei Times reported that Taiwanese steel giant China Steel Corp announced that it would lower steel prices by 4 percent on average for September shipments in response to fluctuations in global markets. It said “The price cut, the company’s first this year, would help enhance the competitiveness of downstream companies in the domestic steel industry.”

    It said “Based on the adjustment, China Steel is to lower prices of its products by NT$688 per tonne for September contracts, excluding steel plates.”

    Prices for benchmark hot-rolled sheets and coils would fall by NT$900 per tonne for September shipments, those for cold-rolled sheets and coils are to drop by NT$900 per tonne, while hot-dipped, zinc-galvanized sheets will see prices cut by NT$525 per tonne

    Prior to the cut, the company had raised prices by 26.6 percent from the beginning of the year.

    Source : Taipei Times
  19. forum rang 10 voda 15 juli 2016 15:47
    China NDRC reaffirms plan to cut steel production

    South China Morning Post reported that China’s top economic planner said on Thursday that China will use all means to meet its goal to cut steel and coal capacity this year despite local reluctance to reduce output as prices rise. Mr Zhao Chenxin ational Development and Reform Commission spokesman said “As state leaders have stressed, we must fulfil the plan to cut overcapacity of steel and coal this year. The pledge made by local governments will be checked at year end and those who fail to accomplish their targets will be held accountable.”

    He said “So far, the plan to stem overcapacity is starting to bear fruit with improving operations of coal and steel mills, expectations of better performance and increased bank loan payments.”

    He said “However, the improving market conditions have also deterred some manufacturers from further trimming capacity. All relevant parties should keep a clear head to firmly press ahead with the plan to reduce excess capacity.”

    Mr Xu Shaoshi, head of the top economic planner, had said on June 26 that China planned to trim its steel production capacity by 45 million tonnes this year and cut coal output capacity by 280 million tonnes.

    Source : South China Morning Post
  20. forum rang 10 voda 18 juli 2016 16:37
    Jharkhand to appraise land lease pact with Tata Steel

    Times of India reported that Jharkhand state government will soon conduct a mid-term appraisal of the land lease agreement signed with Tata Steel in 2005. The lease agreement, signed for 30 years with retrospective effect from January 1, 1996, will be examined in detail to ascertain how far it has addressed urban municipal needs in areas outside the Tata Steel command limit.

    In the light of the Raghubar Das-led cabinet agreeing in principle to review the lease agreement, minister in-charge of food and consumer affairs, Saryu Rai, said last week the evaluation will help chalk out a roadmap as far the lease pact is concerned. He saod "In the past decade, there has been a considerable increase in the population living outside the lease area. There has also been an increase in the municipal needs of residents. The mid-term review should examine whether the pact has been comprehensively beneficial in serving the target pockets.”

    Mr Rai has been in favour of revisiting the Tata land lease agreement.

    Mr Rai said utility services such as piped drinking water and electricity connection, construction and proper maintenance of drainage and sewage lines, cleaning of roads and drains in the residential area outside command limits of Tata Steel are prominent municipal needs that require attention.

    The land lease agreement between the private steel major and the state government was signed on the same terms and conditions contained in the earlier lease agreement signed between the company and erstwhile Bihar government in 1984 for a period of 40 years, retrospectively effective from 1956.

    Source : Times of India
35.173 Posts
Pagina: «« 1 ... 436 437 438 439 440 ... 1759 »» | Laatste |Omhoog ↑

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