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Home  /  Forum  /  Arcelor Mittal  /  Nieuws en info hier plaatsen (deel 4)

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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,750 26 apr 2024 17:37
  • +0,210 (+0,89%) Dagrange 23,700 - 24,080
  • 2.295.626 Gem. (3M) 2,5M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 575 576 577 578 579 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 3 maart 2017 16:20
    Avakov calls on Anti-Terrorist Centre lift Donbas blockade

    112.international reported that interior Minister Arsen Avakov asked the leaders of the Antiterrorist Center to take a decision to remove the blockade of Donbas region. He said this during a meeting of Prime Minister of Ukraine Volodymyr Groysman with representatives of the steel industry, which was broadcast by 112 Ukraine TV Channel.

    Mr Avakov said that "I would like to ask the leaders of the ATC, weighing all the relevant powers of the anti-terrorist center, which is in charge of all operations in the Donbas, take the appropriate decision and we will provide the solutions for its fulfillment.”

    As reported, Russia-backed militants demanded to lift trade blockade in Donbas before March 1, threatening to capture the enterprises under Ukrainian jurisdiction and stop supplying coal in Ukraine.

    Source : 112.international
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  2. forum rang 10 voda 3 maart 2017 16:24
    Danieli Corus to reline ArcelorMittal Zenica Blast Furnace No. 4

    Danieli Corus and ArcelorMittal have signed a contract for the reline of the Blast Furnace No. 4 operated by ArcelorMittal at their integrated plant in Zenica, Bosnia Hercegovina.

    Source : Strategic Research Institute
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  3. forum rang 10 voda 3 maart 2017 16:26
    SIAD Engineering commissions oxygen plant in China

    SIAD Engineering (Hangzhou) Co Ltd, a wholly owned subsidiary of SIAD Macchine Impianti S.p.A, has successfully commissioned a new gaseous and liquid oxygen plant in Linhuan, China.

    The new air separation unit will produce up to 16,000 Nm3 of gaseous and liquid oxygen per hour for Shanghai Baosteel Gases Co. Ltd, a subsidiary of Huaibei Baoxing Gas Co Ltd.

    Shanghai Baosteel Gases supplies gases and relative products, including compressed gases and liquid gases, the import and export business for goods and technology and machinery sales, to major Chinese enterprises.

    The new plant was engineered and manufactured by SIAD Engineering (Hangzhou) at its factory in DeQing County, Zhejiang Province. It has now been fully accepted and is under the operational management of Shanghai Baosteel Gases.

    Mr Paolo Ferrario CEO of SIAD Macchine Impianti, highlighted that “This plant is the first plant completed engineered and fabricated by our dedicated team of talented Chinese colleagues at SIAD Engineering (Hangzhou). SIAD Group is pleased to now be able to supply complete plants designed and fabricated in China – not only for our global customers but to demanding and high quality Chinese domestic customers such as Shanghai Baosteel Gases.”

    The Chinese outfit of SIAD Macchine Impianti has now independently delivered three plants in the Middle East, Africa and Southeast Asia and has additional plants under construction for customers in the Middle East, India, Africa and Uzbekistan.

    Source : Gasworld
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  4. forum rang 10 voda 3 maart 2017 16:28
    Tata Steel to source iron ore from OMC for feeding Kalinganagar plant

    BS reported that domestic steel makers start new year with price hike Essar Steel readying to get nod for Odisha iron ore block Tough times ahead for domestic steel producers Steel units in Odisha resent high pricing of OMC's iron ore As its greenfield unit at Kalingangar ramps up operations to reach its rated capacity of three million tonnes, Tata Steel is looking at multiple options to secure uninterrupted iron ore supplies.

    Recently, Tata Steel announced its hot metal production at Kalinganagar crossed the two million tonne mark. In the first phase, the steel company is aiming to reach production of three million tonne per annum.

    Besides sourcing ore from its captive mines, Tata Steel has been buying iron ore from the merchant miners. It has participated on and off at the electronic auctions of iron ore conducted by the state owned Odisha Mining Corporation (OMC). Despite possessing its own captive mines in Odisha, Tata Steel was constrained to buy ore from external sources to meet the expanding requirement of the Kalinganagar unit. Most of the iron ore raised by Tata Steel in Odisha was catering to the requirement of its flagship operations at Jamshedpur.

    Now, Tata Steel is examining the feasibility of clinching a long-term pact with OMC to secure iron ore supplies. On a trial basis, the steel maker has signed an agreement with OMC valid for one year.

    A Tata Steel source said that "Initially, we will be sourcing 0.2 million tonne of iron ore every year on long term linkage from OMC. We have preferred to buy ore from OMC's Daitari mines in the vicinity of our Kalinganagar facility. To start with, we have an agreement for one year. We may go for an extension depending on quality and pricing of iron ore from OMC and also logistics issues.”

    For Tata Steel, seeking iron ore from OMC is fraught with risk given the high cost of the raw material. This is more so at a time when Tata Steel is positioning Kalinganagar to be the lower cost steel producer than Jamshedpur given the greenfield steel unit's proximate location to the Paradip port.

    Steel producers drawing iron ore from OMC through long-term linkage have been complaining about its stubbornly high pricing. They alleged the price determination for long-term linkage customers is based on the discovered price through e-auctions by OMC. They have alleged that the discovered price at auctions is unsustainably high and it needs to be eased for long-term linkage customers.

    At the latest round of e-auctions conducted by OMC on February 3, prices of iron ore lumps were in the band of INR 2000 to INR 2200 per tonne. Iron ore fines prices varied from INR 1,400 crore to INR 1,600 a tonne.

    The Tata Steel official, however said, the price differential between its captive production and buying iron ore from OMC would not be significant. He said that "Today, the cost of captive iron ore production is almost comparable to the price you pay to the external suppliers after the inclusion of additional levies in the form or District Mineral Foundation and National Mineral Exploration Trust. Also, our preference to buy iron ore from the nearby Daitari mines will work out the cost in our favour.”

    Source : Business Standard
  5. forum rang 10 voda 3 maart 2017 16:29
    Hoa Sen Group begin construction of steel plant in Yen Bai Province of Vietnam

    VNS reported that Vietnamese giant steelmaker Hoa Sen Group broke ground for a new steel plant in the northern Yen Bai Province’s Tran Yen District. The plant, which is HSG’s fifth steel plant in the northern region, will be located on 20 hectares of land in Minh Quan and Bao Hung communes. It requires an investment of VND1.05 trillion (USD 26 million) and will have the capacity to produce 220,000 tonnes per year.

    The project is divided into three phases. The first phase, to be completed in September 2018, will have an annual capacity of 64,000 tonnes. The second and the third phases, to be completed by March 2020 and September 2021, will have an annual capacity of 64,000 tonnes and 104,000 tonnes, respectively.

    At the ground-breaking ceremony, chairman of the provincial People’s Committee Do Duc Duy said the project highlighted the industrial development in the province. It would contribute to socio-economic development, help raise people’s incomes as well as significantly increase the province’s State budget revenues.

    The project will also contribute towards the overall economic development of the northwest region.

    Source : VNS
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  6. forum rang 10 voda 3 maart 2017 16:30
    Bangalore steel flyover scrapped

    Deccan Herald reported that the Karnataka state government on Thursday scrapped the vexed steel flyover project that had kicked up a huge political storm. The unprecedented collective citizens’ protest against the controversial project has finally had its desired effect.

    The decision spelled a big victory for all those who had vociferously campaigned against the project questioning its utility, its huge financial and environmental costs. For nine months, the state government had refused to budge, despite stiff resistance to the flyover from different quarters.

    Citizens were concerned that the INR 1,791 crore project, based on a car-centric mobility vision for the city, would also require the felling of 812 fully grown trees. A group of citizens had also approached Governor Vajubhai Vala seeking his intervention.
    Designed to ensure a seamless commute to the Kempegowda International Airport, the flyover was to connect Basaveshwara Circle and Hebbal and, by the government’s reckoning, ease traffic on the busy road. But much cheaper and feasible alternative road options to the airport were ignored till the recently concluded airshow forced a rethink.

    Source : Deccan Herald
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  7. forum rang 10 voda 3 maart 2017 16:32
    Banks to defer Essar Steel debt recast – Report

    Economic Times reported that banks are set to take a hit of hundreds of crores in the March quarter as the biggest loan restructuring of Essar Steel would be pushed to next fiscal year since none of the bankers want to risk the prospect of being questioned by investigative authorities few years down the line.

    The repot quoted two senior bank officials as saying that “We were hopeful of sealing the deal by March-end but with the arrest of IDBI officials, lenders have developed cold feet. Now banks will go ahead with debt recast of any company only if the package is endorsed by an external committee.”

    In January, bankers led by the State Bank of India informally agreed to recast the INR 44,000 crore loans of Essar Steel that has been struggling to repay for over a year now. However, within days of this development, the Central Bureau of Investigation arrested five IDBI Bank officials, including former CMD Yogesh Agarwal, for lending to the now-defunct Kingfisher Airlines

    A consortium of 17 lenders has already classified the Essar Steel loan as sub-standard in the quarter ending March 2016. Any delay in restructuring the loans now would mean that banks would have to set aside more money as provisions in the fourth quarter. Banks have to set aside 15% in the first year as provisions for bad loans which would increase to 25% in the second year. Beginning March 2017 quarter, banks would have set aside 25% as provisions for Essar Steel.
  8. forum rang 10 voda 3 maart 2017 16:34
    Ilva bid deadline delayed until next Monday

    Financial Times reported that the deadline for bids on the troubled Italian steelmaker Ilva, the owner of Europe’s largest steelworks, has been pushed back until next week. Final offers to acquire the company, which has been at the centre of a saga involving environmental disaster, insolvency and temporary nationalisation, had been due on Friday.

    But a spokesperson for Ilva confirmed to the Financial Times that the cut-off would be delayed to Monday.

    Rome took control of the business, based at the giant Taranto facility in southern Italy, in 2015 after a court sequestered sections of it on the grounds that it had failed to contain toxic emissions.

    In contention for the century-old industrial concern are two consortia with differing visions on how to turn it around. One is led by ArcelorMittal, the world’s largest steelmaker, alongside Marcegaglia, an Italian steel processor. The other is an alliance between Delfin, the holding company of Italian sunglasses tycoon Leonardo Del Vecchio; the country’s sovereign wealth fund, Cassa Depositi e Prestiti; and Italian steelmaker Arvedi. They are joined by Indian steel group JSW, founded by the billionaire Sajjan Jindal.

    Along with a financial offer, prospective buyers must present an environmental plan and industrial blueprint.

    The Taranto steel plant is Europe’s biggest by output capacity.

    Source : Financial Times
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  9. forum rang 10 voda 3 maart 2017 16:37
    Rio Tinto increase to Jadar Project Mineral Resources

    Included in Rio Tinto’s annual Mineral Resources and Ore Reserves tables, released its 2016 Annual report, are increases in Mineral Resources for Rio Tinto’s 100 per cent-owned Jadar Lithium and Borates Mineral Project in Jadar, Serbia.

    The updated Mineral Resources are reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 (JORC Code) and the ASX Listing Rules. As such, the reported increases relating to the Jadar project requires the additional supporting information set out in this release and its appendix.

    Rio Tinto’s Ore Reserves and Mineral Resources are set out in full in its 2016 Annual report.

    During 2016, Jadar Mineral Resources have increased by 19Mt from 117Mt to 136Mt, a 16 per cent increase, including the first release of Indicated category Mineral Resources.

    The upadated Mineral Resource estimate comprises:
    Indicated Resource: 52.4 Mt @ 1.79% Li2O, 19.2% B2O3
    Inferred Resource: 83.3 Mt @ 1.90% Li2O, 13.0% B2O3
    Total Mineral Resource: 135.7 Mt @ 1.86% Li2O, 15.4% B2O3
    Equivalent borate product resources are 21Mt of B2O3.

    The upgrades have resulted from continuing orebody knowledge programmes undertaken at Jadar by Rio Tinto. This increase in orebody knowledge has been obtained from the following work programmes which represent components of the Pre-Feasibility study currently underway:
    3D seismic data processing and interpretation.
    Consolidating and analysing a large volume of new geology data sets from previous drilling campaigns.
    Reinterpreting and standardising all Jadar structural and geology models, allowed by the expanded range of available data sets.
    Improved understanding of the lithostratigraphy and controls on mineralisation.
    Adopting new Mineral Resource estimation methods.

    Source : Strategic Research Institute
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  10. forum rang 10 voda 3 maart 2017 16:41
    BC Iron branches out with half share in potash JV

    BC Iron has pushed ahead with plans to expand outside of its iron ore interest, cutting a deal with newly listed Kalium Lakes to farm into a potash project 220km north east of Wiluna.

    BCI will spend up to AUD 10.5 million on exploration and feasibility studies to earn up to a half-stake in Kalium’s Carnegie sulphate of potash project.

    The company said the exploration licences at Carnegie cover 1700sqkm and were prospective for “large sub-surface brine deposits which could be developed into a solar evaporation and processing operation” producing sulphate of potash for use as a fertiliser.

    Kalium Lakes will manage the unincorporated joint venture, as it looks to progress feasibility studies on its Beyondie sulphate of potash projects in the Pilbara.

    Under returned boss Alwyn Vorster, BCI has been casting around for new options in gold and base metals it was a contender for the 20% of the Dalgaranga gold project that Gascoyne Resources mopped up from its original partners last year and has been pushing forward with scoping studies on a solar salt project near its Buckland iron ore project in the West Pilbara.

    The Kerry Stokes-backed project developer has also been looking for early-stage potash projects to fill its long-term asset pipeline.

    Mr Vorster said the deal gave BCI exposure to a “highly prospective project in an agricultural commodity with attractive long term dynamics”.

    Source : The West
  11. forum rang 10 voda 3 maart 2017 16:44
    Rio Tinto's Simandou scandal to surface again

    The Simandou crisis is like a massive iceberg drifting unwatchable around the Rio Tinto world smashing careers and posing as yet an unquantifiable risk for company and executives alike for as long as US, British and Australian corporate regulators claw their confidential way around it.

    Rio Tinto 2016 annual report will see the next surfacing of a West African beast that has already terminated the once remunerative careers of two of the miners' most senior executives and imposed a cloud of doubt of the legacy of past chief executives Sam Walsh and his charming but blighted predecessor Tom Albanese.

    Rarely has the mining world waited on the release of an annual report with such fervent anticipation. However the company chooses to cut it, the 2016 annual report looms as chapter three of a potential failure of governance that has the US Department of Justice, the UK Serious Fraud Office and the Australian Securities and Investments Commission reviewing how Rio came to pay a Swiss-based investment banker USD 10.5 million for his help in re-securing lost iron ore mining rights in the West African nation of Guinea.

    There is interest because the report will carry transparent and final numerical account of what the decision to hire Francois de Combret has cost the two executives that were held to account for that fateful selection, former chief legal counsel Debra Valentine and former energy and minerals boss Alan Davies.

    But, if anything, there is even more morbid fascination in whether or not Rio chairman Jan du Plessis chooses to exercise any of the remarkable powers vested in he and the rest of the Rio remuneration committee by what are called the "malus" and "claw back" provisions of the group's performance share plan. And if these powers which look pretty unusual to Australian eyes are exercised, just who might be their target?

    Mr Du Plessis was delivered the leadership of the Rio board by crisis in 2009, and by 2012 he was a chairman deeply frustrated by a remuneration policy that meant executives past and present were continuing to earn short and long-term incentive payments without apparent account of the cost of errors and misjudgments that were still hurting Rio.

    So the chairman decided to change things up. Rio's remuneration committee was given the power to penalise failure and the authority to "claw back" awards already vested. And the triggers for these twin powers are broad and, in some cases, appear open to considerable interpretation.

    According to the simplified description of the du Plessis regime that was carried in the 2015 annual report, deferred rewards made after 2013 can be reduced or cancelled "in the event of gross misconduct which may have a material effect on the value or reputation of the group, a materially adverse error in the group's or a product group's financial statements, exceptional events that have a materially detrimental impact on the value of any group company, or for any other reason that the committee decides in a particular case.

    In other words, if you get it wrong, you will pay a price. But the risk of retrospective penalty does not end there.

    "The committee also has authority under the "claw back" provisions of the PSP to recover the value of any vested awards made from 2013 in the event of deliberate misconduct by a participant that may have a material impact on the value or reputation of a Rio Tinto group company or for any other reason that the committee decides in a particular case," the 2015 annual report warned.

    Interestingly, at Rio the remuneration committee is pretty much every non-executive director on the board. So, this is pretty much a whole-of-board decision.

    In other words, if decisions made by present and past executives go bung at some point in the future and the remuneration committee assigns specific fault, then the company can come after all or some of the benefits that have already been banked since 2013.

    This would appear to pose a pretty material risk to at least one of the past chief executives involved in this affair.

    The events that triggered the regulatory crisis over Simandou occurred in 2011. They came to light with the release of a confidential email trail between Davies, his then boss at Rio Tinto Iron Ore Sam Walsh, and the company's then CEO Tom Albanese. In the emails, Davies is asking for approval for a $US10.5 million payment to Francios de Combret.

    A former school chum of Guinea's President, Alpha Conde, the French banker was hired to help Rio recover its hold on the two mining tenements that hold the better half of a giant, super-high quality iron ore resource called Simandou.

    Source : AFR.com
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  12. forum rang 10 voda 3 maart 2017 16:45
    China Dalian Commodity Exchange going global

    China Daily reported that Dalian Commodity Exchange is making preparations for the participation of foreign investors in iron ore futures trading, its chairman said on Wednesday in Dalian, Northeast China’s Liaoning province.

    Mr Li Zhengqiang, addressing the two-day 2017 China Iron Ore Conference which was held in the city that “With the participation of overseas investors, we can form a more complete pricing system in the futures and spot markets, thus improving the iron ore pricing mechanism for international trade.”

    The DCE launched China’s first iron ore futures with physical delivery in October 2013. Since then, the trading volumes have kept increasing.

    Mr Li said that it has attracted 12,000 corporate clients to hedge their risks, using futures. In 2016, the DCE’s iron ore futures trading volumes reached 342 million lots, accounting for 22% of its total volume.

    He said that “However, foreign investors are not permitted to participate in it directly.”

    China is the world’s biggest iron ore importer and consumer. Last year, China’s import volumes and consumption volumes of iron ore reached 1.024 billion metric tons and 1.156 billion tons respectively.

    Mr Li added that “We need to enhance (our) influence on global iron ore pricing.”

    The DCE, which was established in 1993, is one of the three commodity exchanges in China. It mainly trades agricultural, chemical, energy and mineral products.

    Its iron ore futures contract is the world’s only one with physical delivery.

    Source : China Daily
  13. forum rang 10 voda 3 maart 2017 19:19
    Feestje voor mijnbouwers op de beurs houdt nog even aan

    Aandelenkoersen volgen stijgende metaalprijzen, maar Chinese economie kan roet in het eten gooien.

    Bij autosloperij De Ooyevaar uit het Noord-Hollandse Blokker kijken ze al lang niet meer op van heftig dalende of stijgende metaalprijzen. Het bedrijf verloor veel geld toen de prijzen voor oud ijzer kelderden na de financiële crisis van 2008 en er veel minder werd betaald voor het metaal uit de autowrakken. Tegenwoordig laat eigenaar en directeur Lowie Hoedt de auto's gewoon op het terrein staan, als de oud ijzerprijs hem te laag is.
    Ondertussen blijft hij wel autowrakken inkopen, tegen stabiele prijzen. 'Je neemt dan wel een risico, maar het levert ook nieuwe klanten op die weten dat ze altijd hun auto's kwijt kunnen', zegt Hoedt.

    Met de recent gestegen prijzen voor metalen zoals ijzer, koper en aluminium hoeft De Ooyevaar voorlopig geen auto's op te slaan. Maar de baas van het naar eigen zeggen op één na grootste autodemontagebedrijf van Nederland reageert met Noord-Hollandse nuchterheid op de prijsstijgingen. 'De prijzen zijn heel wisselvallig en kunnen per week verschillen. En ze zijn zijn nog lang niet terug op de niveaus van jaren geleden'.

    Indrukwekkende rally

    Beleggers in mijnbouwbedrijven lijken een wat korter geheugen te hebben. Al sinds halverwege vorig jaar is er een indrukwekkende rally aan de gang in de bedrijven die zich bezighouden met het opgraven van metalen en die koersstijgingen gaan in 2017 vrolijk verder. De toonaangevende mijnindex FTSE 350 Mining Index is met 50% gestegen sinds halverwege vorig jaar.

    Glencore, de grondstoffengigant die in 2015 nog op de rand van de afgrond balanceerde, boekte sinds het begin van dit jaar een koerswinst van 22%. Over heel 2016 was dat zelfs meer dan 200%. Antofagasta, dat kopermijnen in Chili exploiteert, staat 24% hoger sinds 1 januari op de beurs in Londen, waar de meeste mijnbouwers genoteerd staan. Die mijnbouwers werden daar overigens ook geholpen door de gedaalde koers van het Britse pond, die alle aandelen in Londen een zet gaf. Maar ook op de beurs in Amsterdam profiteert staalgigant ArcelorMittal, dat ook eigen ijzerertsmijnen heeft, met een plus van 25% vanaf begin dit jaar.

    IJzererts fors duurder

    De koersstijgingen worden aangejaagd door de gestegen prijzen voor grondstoffen, met name basismetalen. IJzererts werd fors duurder, net als bijvoorbeeld koper. Daarnaast speelt het sentiment mee: sinds het aantreden van Donald Trump als president van de Verenigde Staten zijn de aandelenbeurzen sterk gestegen. Dat de nieuwe president nog steeds niet heeft uitgelegd hoe hij zijn plannen gaat verwezenlijken (en betalen) lijkt beleggers vooralsnog niet te deren. Net als het feit dat niet de VS, maar China de grootste grondstoffenverbruiker is.

    fd.nl/beurs/1190499/feestje-voor-mijn...
  14. forum rang 10 voda 3 maart 2017 20:27
    ‘Personeelstekort is volgende crisis voor kleinmetaal’

    Een enorm tekort aan personeel is na de afgelopen economische neergang de volgende crisis die werkgevers in de kleinmetaal staat te wachten. De sector moet daarom vol inzetten op scholing en ontwikkeling van personeel. Dat meldt vrijdag CNV Vakmensen, als opmaat naar de start van het cao-overleg komende woensdag.

    Volgens CNV-onderhandelaar Marco Hietkamp zijn duizenden mensen snel nodig bij ondernemingen die onder de cao metaal en techniek vallen. Daarom moeten de betrokken werkgevers ‘met deze cao vol inzetten op het aantrekkelijk maken van de sector’.

    Digitale vaardigheden aanleren

    In de onderhandelingen wil het CNV inzetten op een individueel opleidingsbudget, de zogenoemde leerrekening. ‘Een van de leerdoelen zou digitale vaardigheid kunnen zijn. Daar komt steeds meer accent te liggen in de branche.’ Daarnaast moeten ouderen in hun ‘vierde loopbaanfase’ gestimuleerd worden om langer te blijven werken. ‘Langer doorwerken is meer dan ooit een thema in deze sector, als je de personeelstekorten in ogenschouw neemt.’

    Veel vliegen in één klap

    Tot het ‘recept voor ouderen’ kan lichter werk behoren, in combinatie met opleiding van nieuwe collega's. ‘Daarmee vang je veel vliegen in één klap’, aldus Hietkamp, die verder in de cao-onderhandelingen onder meer een loonsverhoging eist van 3,75%. De nieuwe cao heeft een looptijd van 18 maanden, tot 1 november 2018.

    fd.nl/ondernemen/1190622/personeelste...
  15. forum rang 10 voda 6 maart 2017 16:31
    Tata Steel en ThyssenKrupp nog in gesprek

    Gepubliceerd op 6 mrt 2017 om 11:43 | Views: 1.287

    LONDEN (AFN) - Tata Steel, het Indiase moederbedrijf van het voormalige Hoogovens in IJmuiden, is nog steeds in gesprek met het Duitse ThyssenKrupp over een mogelijke samenvoeging van hun Europese staalactiviteiten.

    Volgens een verklaring verlopen de onderhandelingen constructief, maar is er geen zekerheid dat een overeenkomst wordt bereikt. Door een samenvoeging van de Europese staalactiviteiten kunnen kosten worden bespaard, maar bij de werknemers van beide bedrijven bestaan grote zorgen over eventueel banenverlies en sluiting van vestigingen.

    Duitse zakenmedia meldden vrijdag nog dat ThyssenKrupp een mogelijkheid bestudeert voor een afsplitsing van de Europese staaltak in een apart bedrijf, dat dan naar de beurs kan worden gebracht. Dat scenario kan gebeuren als een fusie met de Europese tak van Tata mislukt. Een samengaan met Tata zou de voorkeur hebben van ThyssenKrupp.
  16. forum rang 10 voda 6 maart 2017 16:45
    ArcelorMittal Galati extends Mr Bruno Ribo term by another two years

    monitoruldegalati.ro reported that board of directors of ArcelorMittal Galati extended by two years term of office of the Director General Bruno Ribo, until February 2019. Mr Bruno Ribo, aged 53, leads the 2012 steel plant in Galati, the largest in the country, controlled by billionaire Lakshmi Mittal. He operates in the plant in 2009, initially in the position of member of the board of management.

    ArcelorMittal said that "The extension by two years the term of office of Director General Mr Bruno Ribo.”

    This is the second extension of the mandate that Ribo receives after the one in February 2016.

    Source : monitoruldegalati.ro
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  17. forum rang 10 voda 6 maart 2017 16:46
    Dongkuk Steel reaches 10 million tonnes of Color Steel Sheets production

    Business Korea reported that Dongkuk Steel Mill reached cumulative production of 10 million tonnes of color steel plates. The company produced cold-rolled products for the first time at its Busan Ironworks in 1967, and recorded cumulative production of 10 million tonnes on February 22 in 45 years after the start of color steel sheet production in 1972.

    Dongkuk Steel is securing outstanding competitiveness in all aspects of the color steel sheet sector including technology, patents, and product portfolios by means of continuous R&D and investment.

    At the end of last year, the addition of 9CCL earned Dongkuk Steel Mill’s Busan Ironworks eight color steel lines. As a single color steel plate factory, Busan Ironworks has the world's largest production capacity of 750,000 tonnes.

    Dongkuk Steel Mill has positioned itself as the first color steel sheet company in Korea to be able to produce all types of color steel plates demanded by customers as 9CCL empowered the company to produce steel and aluminum wide rolled steel plates for the first time in Korea.

    On the other hand, Dongkuk Steel is leading the world market with its premium color steel plate brand “Luxsteel” for architectural and exterior use, and “Appsteel,” a color steel plate brand for home appliance, both of which were selected as world-class products last year and the steel industry’s first design team.

    Source : Business Korea
  18. forum rang 10 voda 6 maart 2017 16:49
    Anti Dumping Steel Policies - Turkey Attacks Morocco

    Morocco World News.com reported that World Trade Organization Dispute Settlement Body will investigate Turkish concerns over anti-dumping duties imposed by Morocco on imports of hot rolled coil.

    After a meeting held last October with the WTO, which did not result to an amicable settlement, Turkey decided to challenge the anti-dumping measures applied by Morocco on steel in the jurisdictional area.

    Turkey alleged that the Moroccan measures are inconsistent with a number of procedural and substantive provisions of the WTO’s antidumping agreement.

    According to the WTO, Morocco considers that the duties in question are in accordance with its domestic laws and with its WTO commitments, and that it is prepared to defend the consistency of its measures before a panel.

    The European Union, China, Egypt and India want to take advantage of the breach opened by Turkey, as they too consider Morocco’s measures incompatible with certain provisions of the WTO. After a consultation phase, Turkey decided to bring the matter before the competent WTO authorities on January 12 to trigger the proper institutional proceedings.

    For the second time, Turkey requested the establishment of a panel to examine its complaint. Once again, Turkey insisted that the anti-dumping duties imposed by Morocco on the Turkish steel imports were WTO-inconsistent. Turkey said it had hoped the matter could have been resolved without recourse to a panel, but that it had to protect its rights under the Anti-Dumping Agreement.

    In practical terms, the procedure initiated gives the complainant the right to defend the rights or to protect the advantages that accrue to him from the WTO agreement. According to Turkey, Morocco’s anti-dumping duties would be contrary to the GATT, the Anti-Dumping Agreement and the Agreement on Import Licensing Procedures.

    Meanwhile, Morocco said it regretted Turkey’s request for the panel, stating that it remained to rely on consultations in order to find a mutually acceptable solution to this dispute. Morocco had officially requested the continuation of consultations with Turkey, but did not receive a proposal in response. Morocco said it considered the duties in question to be in accordance with its domestic laws and with its WTO commitments, and that it was prepared to defend the consistency of its measures before a panel.

    On a meeting on January 25, the WTO Dispute Settlement Body deferred the start date of the panel under after its members had been established.

    Source : Morocco World News.com
  19. forum rang 10 voda 6 maart 2017 16:49
    Carbon and alloy steel CTL plate from China Injures US - USITC

    The United States International Trade Commission determined that a US industry is materially injured by reason of imports of carbon and alloy steel cut-to-length plate from China that the US Department of Commerce (Commerce) has determined are subsidized and sold in the United States at less than fair value.

    Source : Strategic Research Institute
  20. forum rang 10 voda 6 maart 2017 16:50
    Thyssenkrupp eyes Plan B for European steel - Report

    Reuters reported that Germany's Thyssenkrupp has looked at the option of splitting its European steel business into a separate company that could be floated if a merger with Tata Steel assets fails, German weekly WirtschftsWoche reported on Friday.

    The report, which did not cite sources, said a merger was still the preferred option but that investor pressure could force Chief Executive Heinrich Hiesinger to consider another route.

    A spokesman for Thyssenkrupp told Reuters that "There is no new status.”

    Thyssenkrupp and Tata have been talking for over a year about merging their European steel units to cut costs and overcapacity, but the plan is complicated by Tata's huge pension deficit in Britain.

    Hiesinger said at the German industrial group's annual shareholders' meeting on Jan. 27 that he would not be pressured to rush a deal with Tata, but there was no "Plan B" for the steel business. He also told German daily Handelsblatt on Feb. 23 that the company was prepared to move forward on its own if necessary but would prefer consolidation. He also said that Thyssenkrupp would remain part-owner of the steel business in any merger scenario.

    Source : Reuters
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