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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 24,160 31 mei 2024 17:35
  • +0,250 (+1,05%) Dagrange 23,760 - 24,180
  • 6.882.105 Gem. (3M) 2,6M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 441 442 443 444 445 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 25 juli 2016 16:38
    Ezz Steel reports 4% YoY growth in Q1 sales

    Daily News Egypt reported that Ezz Steel said in a report that it registered a strong growth in the sales of reinforcing bars, especially in the local market, which contributed to increasing the company’s first quarter sales. The company registered sales of EGP 4.967 billion in Q1 2016 compared to EGP 4.793 billion during the same period last year, which marks a 4% growth. Ezz Steel attributed this increase to the 15% increase in sales of reinforcing bars, which was supported by local demand.

    The company noted that this sales increase came despite the prices of the reinforcing bars decreasing 4% locally and 6% internationally. In addition, the prices of flat steel retreated by 19% locally and 27% internationally.

    The report also mentioned that sales of the reinforcing bars amounted to EGP 4.3 billion and that they contributed to 87% of Ezz Steel’s sales in the Q1 2016. The sales of flat steel amounted to EGP 617 million.

    In regards to exporting activity, the company explained that the exports of flat steel amounted to EGP 170m, while the exports of the reinforcing bars did not exceed EGP 22m.

    Ezz steel sold approximately 1.19 million tonnes in the first three months of the year, an increase of 10% from the 1.08 million tonnes the company sold during the same period last year.

    The report added that the production of the reinforcing bars registered 840,000 tonnes, an increase of 9% from Q1 2015, while the production of the flat steel retreated by 22%, registering 157,000 tonness.

    Ezz Steel has recorded a net loss of EGP 235.3 million during Q1 2016 compared to EGP 146 million during the same period last year.

    Source : Daily News Egypt
  2. forum rang 10 voda 25 juli 2016 16:39
    JSW Steel to raise USD 750 million worth bonds

    Mint reported that JSW Steel Ltd will consider a proposal to raise $750 million in long-term funds by selling non-convertible bonds. It said “The board of directors of the company will discuss a proposal to raise these funds through a sale of non-convertible, senior, unsecured, fixed-rate bonds denominated in foreign currency or rupees in the international markets.”

    The company will hold its next board meeting scheduled for 27 July.

    On 29 June, JSW Steel said it will seek shareholders’ approval to set an overall limit of raising $2 billion by selling non-convertible, foreign-currency denominated bonds to fund its long-term capital expenditure plans. JSW Steel will seek this approval at its annual general meeting on Tuesday.

    The $750 million to be raised is part of the $2 billion the company is seeking approval for from its shareholders.

    Source : Mint
  3. forum rang 10 voda 25 juli 2016 16:39
    Vietnamese steel producers demand anti-dumping measures

    Biz Hub reported that the Viet Nam Competition Authority said it has received an appeal from domestic steel enterprises, demanding imposition of anti-dumping measures on H-shaped Chinese steel products. The petition aimed to prevent the products from being dumped in Viet Nam, which seriously affected local businesses, the enterprises said.

    According to the VCA, under the industry and trade ministry, it received satisfactory legal dossiers of the case on Tuesday, adding that it would evaluate the dossiers within 45 days before submitting it to the industry and trade ministry for a decision whether an anti-dumping probe should be launched.

    To aid the investigation, the VCA asked the petitioners to provide their firms' information related to design capacity and the output of H-shaped steel in the past three years and the first half of this year.

    Currently, the VCA is carrying out an anti-dumping probe into colour-coated steel sheets imported from China and South Korea.

    Recently, the Ministry of Industry and Trade also decided to impose additional tariffs on imported alloys and non-alloy steel ingots and steel rods to safeguard against cheap imports that were allegedly threatening the domestic industry.---VNS

    Source : Biz Hub
  4. forum rang 10 voda 25 juli 2016 16:40
    Chinese steel rebar cargo passes quality tests in Philippines

    The Inquirier reported that a shipment of reinforced steel bar earlier suspected to have been smuggled has passed tests conducted by the Metals Industry Research and Development Center (MIRDC), Philippine government’s primary testing laboratory for steel.

    Citing a certification issued by the MIRDC on July 22, importer Mannage Resources Trading Corp. said the steel bars it purchased from China had more than adequately met the lab’s bendability, tension and strength tests.

    Mannage Resources president Lawrence Sy said in a statement over “From the beginning, there was never any doubt on our steel’s quality … It’s obvious that the Philippine Iron and Steel Institute’s (Pisi) unreasonable objections were just ways to make it difficult for us to compete in a market largely dominated by its members.”

    After passing all regulatory hurdles, Mannage Resources filed graft charges against Customs officials, Pisi president Roberto Cola, and Federation of Philippine Industries officers Jesus Arranza and William Ranaga before the Office of the Ombudsman for allegedly causing unnecessary delays in the shipment’s release.

    With safety and quality issues behind them, Sy said his company was now ready to compete and would soon introduce multiple sizes and other steel products to the local market.

    Source : The Inquirier
  5. forum rang 10 voda 25 juli 2016 16:41
    Indian construction industry asked to increase use of steel

    PTI reported that India’s massive construction sector must increase the use of structural steel to accelerate the development of commercial and residential complexes while retaining the indigenous cultural appearances, renowned architects have said here. These calls were made by an engineer and an architect at the Business Excellence & Research Group awards (BERG) held in Singapore.

    Mr Jacob Jose director at Bangalore based Methods (India) Pvt Ltd said “The construction sector should consider using pre engineered steel components in accelerating development process in new buildings. A shift from the concrete-based conventional method of constructing buildings to steel structures will half the completion time to two years. We have fabricated steel for plants, and it is a time for the construction industry to scale up the use of such pre-engineered structure to accelerate the pace of completing buildings. The increasing use of steel, which is at the lowest price level currently, would also help reduce construction cost.”

    Source : PTI
  6. forum rang 10 voda 25 juli 2016 16:42
    Tata Mataliks INR 65 crore DI pipes capex to boost topline

    PTI reported that Tata Metaliks has pumped in INR 65 crore to enhance its ductile iron pipes capacity to 200,000 TPA at Kharagpur, a step that would help to boost sales and bottomline. A company official told PTI “The capex of INR 65 crore was done from internal generation to enhance DI pipe capacity by 50 per cent to help boost revenue.”

    Chairman Kousik Chatterjee had said recently at the AGM that the company was focusing at DI pipe segment as challenges for the pig iron segment to continue

    Managing Director Sanjiv Paul said “The structural cost improvement projects of setting up a new coke plant, captive power plant and blast furnace modernisation along with structural changes in the organisation in terms of integrated value chain from iron ore to DI pipes are currently underway in various stages. These projects are expected to improve the Company’s competitive position in the future.”

    He added "The Company has added a fifth casting machine and a third finishing line that will increase the volume of DI pipes by 50 per cent on a fully ramped up capacity. The newly commissioned facility will enhance the volume of smaller diameter pipes which gives higher realisation in the market.”

    Meanwhile, the company had reported consolidated net profit of INR 34.44 crore for the FY17 first quarter ended June, a rise in 25 per cent over corresponding period profit of last year of INR 27. 43 crore. However, sales were marginally lower to INR 333.20 crore against Q1 of FY 16 registering INR 338.58 crore.

    Source : PTI
  7. forum rang 10 voda 25 juli 2016 16:43
    Nippon Steel & Sumitomo Metal renews master agreement for Line Pipe with BP

    Nippon Steel & Sumitomo Metal Corporation together with Sumitomo Corporation has signed the renewal of a Master Agreement for Line Pipe with BP in June. This long term agreement is effective from July 1, 2016 for 5 years with an option to extend another 5 years.

    Source : Strategic Research Institute

  8. forum rang 10 voda 25 juli 2016 16:44
    US DOC issues antidumping duty orders on corrosion resistant steel from India, Italy, China, Korea and Taiwan

    US Department of Commerce published the a notice in the Federal Register from the International Trade Administration regarding Certain Corrosion-Resistant Steel Products From India, Italy , the People's Republic of China , the Republic of Korea and Taiwan: Amended Final Affirmative Antidumping Determination for India and Taiwan, and Antidumping Duty Orders

    Source : Strategic Research Institute
  9. forum rang 10 voda 25 juli 2016 16:46
    JSW Steel sees 6% growth in steel demand in India in 2016-17

    PTI reported that JSW Steel expects domestic steel demand to grow about 6 per cent in FY17.

    JSW Steel CMD Sajjan Jindal in the company’s annual report that “Despite temporary challenges, the country’s long-term outlook for the steel sector continues to be bright. India’s steel sector has now risen to be the third-largest producer of crude steel in the world and we expect the domestic steel demand to grow by about 6 per cent in FY17.”

    Source : PTI
  10. forum rang 10 voda 25 juli 2016 16:47
    China imposes anti dumping duties on electrical steel

    Global Times reported that China’s Ministry of Commerce announced that it has imposed anti-dumping tariffs on imported electrical steel products from Japan, South Korea and the EU. The MOFCOM imposed duties ranging from 37.3 percent to 46.3 percent on grain-oriented flat-rolled products of electrical steel (GOES) from those sources effective Saturday, according to a post on its website on Sunday. The duties will be in effect for five years.

    It said “There have been dumping practices involving those imported products, which affected China's electrical steel industry.”

    GOES is a highly specialized product used by power producers and distributors to produce transformer cores, and it's made by only 16 producers worldwide, including ArcelorMittal, Stalprodukt, Tata Steel and ThyssenKrupp in Europe

    Source : Global Times
  11. forum rang 10 voda 25 juli 2016 16:48
    Global steel prices to soften during July-Dec - BMI Research

    PTI reported that global steel prices are expected to decline in the second half of the current calender year, after an upward rally during January-June, on account of decline in demand in China. However, BMI Research, a Fitch Group firm, said 2017 will usher in good news for the market with steel prices edging up higher.

    BMI said “We expect the January—June 2016 steel rally to fade and prices to head lower in the latter half of 2016 as declining Chinese steel demand growth, stemming from a slowdown of the country’s construction activity, will result in an oversupplied market.”

    It expects prices for the metal to trade in the range of USD 450—520 per tonne during the second half of 2016 with the average price for the entire year coming to USD 480 a tonne.

    “Over the first half of 2016, steel prices rallied due to a combination of high demand from Chinese steel users restocking the metal, government stimulus measures implemented in the housing market and positive investor sentiment,” BMI Research said.

    On the outlook for 2017, the company said: “Although we forecast the January-June 2016 steel price rally to fade over the latter half, prices will gradually edge higher from 2017 onwards, due to Chinese supply moderation.”

    It added that global steel market will see a surplus of 2 million tonnes (MT) in 2016, a decrease from a 2015 surplus of 12.2 MT.

    From 2017 onwards, the global steel market will tighten and shift into deficit, decreasing the stocks-to-use ratio from 13.6 per cent in 2016 to 11.6 per cent by 2020.

    “Despite this, prices will remain subdued by historical standards. For instance, our 2016-2020 average of USD 518 per tonne is significantly lower than the annual average of USD 667 a tonne during 2011-2015,” it added.

    Source : PTI
  12. forum rang 10 voda 25 juli 2016 16:49
    China must cut steel overcapacity to win market economy status,

    South China Morning Post reported that China’s export steel production continues unabated amid overcapacity, prompting complaints – denied by China – about the dumping of steel products and raising the risk of trade disputes with the West. Beijing and visiting European Union officials agreed last week to set up a joint team to monitor steel-trade data and China’s efforts to cut output. At the same time, numbers for June showed China produced an unprecedented 100-million-plus tonnes of steel products and lifted exports by 23 per cent. The figures are bound to stiffen protests over dumping of steel products and powerful opposition from European industry groups to granting China market economy status.

    It is not as if the central government has failed to identify the risk of overcapacity. In various meetings and documents, Beijing has repeatedly stressed the need to correct it. But local governments and state-owned enterprises have too many vested interests at stake. The political resistance is huge.

    At best, local governments are dragging their feet; at worst, they are continuing with projects behind Beijing’s back in pursuit of job-creation and growth.This is symptomatic of lack of progress in economic reform and transitioning from an investment to a consumption-led growth model. It is only seven months since the nation’s leaders approved an economic blueprint that suggested that reform to tackle overcapacity in the state sector would be this year’s top priority.

    It is time for Beijing to back up talk with action. If it does not rein in overcapacity, this will become a concern not just for China but for the global economy. Already, the US, the EU, Australia, Vietnam, Brazil, Malaysia and India have launched either anti-dumping or anti-subsidy investigations into Chinese exports.

    The granting of market economy status to China in the World Trade Organisation is anticipated this year. Because it would give China’s competitors less opportunity to initiate anti-dumping measures on Chinese exports, opposition to it is growing in the current climate of overcapacity.

    Source : South China Morning Post
  13. forum rang 10 voda 25 juli 2016 16:53
    SAIL RSP's green drive to cut carbon emission

    Express News Service reported that RSP, a blue chip steel manufacturer of SAIL, is moving ahead with implementation of the project to assess the carbon mitigation potential of certain plant species and tackle the threat posed by global warming.

    Under the pilot project, the SAIL will assess carbon dioxide gas generated from the steel plant so as to design and implement plantation programme to achieve target of sequestration. The project will find out amount of carbon emission on a daily basis and suggest solutions to bring down the emission levels.

    Implemented by RSP and monitored by SAIL’s R&D Centre for Iron and Steel (RDCIS), the project is being executed by Tropical Forest Research Institute (TFRI), Jabalpur, Government of India. Under it, 2,500 plants of 12 species such as Ghambhar, Simul, Simaroba, Karanjo and Bakul have been planted over 10 acres of land in Rourkela. A vegetation survey around RSP and nearby forests has been conducted while soil samples have been collected for plantations.

    With introduction of environment-friendly modern technologies, the move on carbon neutrality project would help in creating better ambience in both old and new units of RSP.

    Meanwhile, the Rourkela Forest Division (RFD) has set a target to plant more than 14.41 lakh seedlings under Artificial Regeneration (AR), Assisted Natural Regeneration (ANR) and Avenue Plantation programmes across six forest ranges covering industrial belts of Rourkela, Rajgangpur and Kuanrmunda during the monsoon. It has also set a target to distribute 13.07 lakh saplings.

    Rourkela Divisional Forest Officer (DFO) Sanjeet Kumar said under the urban plantation drive, 88,000 seedlings would be planted at Rourkela city while 72,500 seedlings would be planted at Vedvyas suburb, Rajgangpur and Birmitrapur towns. Bald hill patches and roads will be covered under the plantation drive while degraded forest patches would be repaired with Gap Plantation, he added.

    Source : Express News Service
  14. forum rang 10 voda 25 juli 2016 16:59
    Arrium workers not sold on pay cuts

    AAP reported that Arrium workers in South Australia have signalled they won't accept a 12 per cent pay cut to help save the Whyalla steel plant. Administrators KordaMentha have proposed a three-year pay reduction for workers across the mining and steelworks operations which would include a two per cent increase in the final year.

    It's understood the deal, which would save the business $20 million, has been pitched as their final offer.

    The Australian Workers Union have put forward a counter offer of a 7.5 per cent pay cut which would also pare back overtime entitlements.

    AWU organiser Scott Martin believes there is scope for compromise when the parties meet again on Wednesday. He told "We don't believe it is a first and final offer. We think there's still room for negotiation."

    Administrator Mark Mentha has identified a total of $300 million in savings designed to make Arrium more attractive to potential buyers. The cuts, mainly in reduced supply contracts and savings introduced by previous management, would allow the Whyalla steelworks to break even.

    Arrium was placed in administration in April after negotiations with its lenders failed amid sustained low commodity prices. The restructuring and sale of the group is expected to be finalised by the end of the year.

    Source : AAP
  15. forum rang 10 voda 25 juli 2016 17:00
    POSCO automobile project in Saudi could face overhaul

    Korea Herald reported that POSCO’s project with Saudi Arabia for developing cars for mass consumption could be overhauled. POSCO’s Mr Lim Seung-kyu said at an investor relations event that “Many of Saudi Arabia’s high level officials in charge of the project have been changed, so many areas are being reviewed.”

    He said that the company is conducting a study to determine the project’s viability three to four years, and more down the line.

    He told “We expect a decision on whether to continue as planned, make some changes or to overhaul the plans to be made during the second half of the year.”

    POSCO’s subsidiary POSCO Daewoo is taking part in the project. Although the agreement on the project was signed in 2014, progress had been slow and the Saudi government took the lead earlier this year.

    Source : Korea Herald
  16. forum rang 10 voda 25 juli 2016 17:01
    SSAB reports improved results for H1

    SSAB posted an operating profit, excluding items affecting comparability, of SEK 668 million for the second quarter of 2016, an improvement of SEK 858 million compared with the first quarter 2016. All divisions reported improved results, with SSAB Europe showing the strongest development between quarters. The improved result was driven primarily by higher volumes, higher prices and additional synergy capture. The operating cash flow was positive at SEK 1,151 million despite an increase in accounts receivable due to higher shipments and rising prices.

    Source : Strategic Research Institute
  17. forum rang 10 voda 25 juli 2016 17:02
    EUROFER update on construction segment in EU

    EU construction activity rose by 1.1% y-o-y in the first quarter of 2016, bucking the seasonally slowing trend in output registered usually in this period of the year. Thanks to mild winter conditions, work on many projects could continue during the first months of this year, whereas also the number of new project start-ups was higher than usual. Output growth was primarily supported by residential construction activity gaining further momentum, most notably so in Germany, Italy, the Netherlands and Sweden. France, the United Kingdom and Poland were the only large EU markets showing a decline in activity in Q1-2016.

    Source : Strategic Research Institute
  18. forum rang 10 voda 26 juli 2016 14:25
    Gerdau Metaldom opens Dominican Republic steel plant

    BNAmericas reported that Gerdau's subsidiary in the Dominican Republic, Gerdau Metaldom, opened a new plant to produce cut and bend wire rod steel for the construction sector. The 120 millionpeso (USD 2.61 million facility is the third plant in the Gerdau Metaldom metallurgical complex in capital city Santo Domingo. The new cut and bend unit has the capacity to supply exports markets in Central America and the Caribbean, as well as domestic needs, the company's CEO Carlos Valiente was quoted as saying by local news service CDN.

    The metallurgical complex has an annual capacity of 1 million tones of rolled products, which are primarily exported. Gerdau Metaldom also has a distribution center in Costa Rica. The subsidiary was created in 2014, when the Brazilian steelmaker's unit Industrias Nacionales merged with Dominican steelmaker Metaldom.

    Based in Porto Alegre, Gerdau is Latin America's largest steel producer and the biggest long steelmaker in the Americas. It has over 45,000 employees and capacity of around 25 million tonnes per year.

    Source : BNAmericas
  19. forum rang 10 voda 26 juli 2016 14:26
    Chabahar Port development to support Iranian steel industry

    Caspian Sea ports in the north of the country (Anzali, Amirabad and Noshahr) are predominantly involved in imports from neighboring Kazakhstan and Russia. Anzali has an annual capacity of 8.5 million tons, according to Iran’s Ministry of Roads and Urban Development, and specializes in handling steel goods. In the southwest and south of the country, the network of ports is vaster.

    Besides imports, Iran exports most of its goods through them, with oil accounting for around 80% of the total. The rest are chemicals and minerals, including iron ore and steel. Thus, the largest ports are located close to the main industrial centers of the country.

    They are Bandar Imam Khomeini in the Persian Gulf and Bandar Abbas in the Sea of Oman, with 55 and 90 million tons of capacities respectively, Metal Expert, a Ukraine-based provider of news and analysis for steel products and steelmaking raw materials industries, wrote in a recent report dubbed “Iran in Focus”.

    Chabahar, located in the south of Sistan-Baluchestan Province, is a relatively young but promising port, which has the potential of becoming one of the most important in the country. Being the only Iranian port with direct access to the Indian Ocean, it has unique possibilities for handling deep sea cargoes. Once developed, it is expected to become the main trade and transit hub for Central Asia, South Asia and the Persian Gulf, which will make Iran a significant regional player.

    Currently, Chabahar has the capacity to handle 8.5 million tons of cargoes per year, which Iran would like to increase to 12.5 million tons. To achieve this goal, Tehran has allocated an investment close to $340 million. Since foreign investors want to join the development of Chabahar, specialists voice greater optimism. The list of countries willing to participate in Chabahar development is long and includes India, Japan, South Korea and China. The first, however, has strategic interest in Chabahar and will be the major promoter of projects with an expected investment of USD 20 billion.

    The port will give India the opportunity to reach Afghanistan and Central Asia bypassing Pakistan, with which India has tense diplomatic relations. India is also eying trade with Europe via Chabahar and the International North-South Transport Corridor, enabling effective competition with China.

    Source : Financial Tribune
  20. forum rang 10 voda 26 juli 2016 14:29
    Dongbei Special Steel case may damage Liaoning Province credit market - Chengxin Credit

    Online financial magazine Caixin said on Monday, citing a report by China Chengxin Credit Rating, that consecutive defaults by Dongbei Special Steel Group Co Ltd and the passive stance of the company and the local government may damage the credit market in Liaoning province.

    The troubles of Dongbei Special Steel, whose original default in March helped trigger a broad-based Chinese bond market sell-off in April, have sparked a rare public battle in China between creditors, a local government and a state-owned company even as concerns mount about growing debt levels in the economy.

    Bondholders have targeted the Liaoning provincial government, which owns the firm, and China Development Bank, a primary underwriter of Dongbei's debt.

    Caixin said that Chengxin warned of rising refinancing risks for borrowers in Liaoning province, a struggling industrial region in China's northeast, if investors begin to avoid debt instruments related to the region and associated trades.

    Unlike in the West, Chinese ratings firms routinely cite local government support as a main factor in their ratings rationale, which analysts say reflects the reality that until very recently few firms were allowed to fail.

    In recent months, however. key policymakers including the central bank have begun sending much tougher signals on refinancing for "zombie" enterprises in troubled steel and legacy industrial regions like Liaoning.

    Source : Reuters
35.173 Posts
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