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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 ... 650 651 652 653 654 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 18 juli 2017 19:50
    EC favors cancellation of 20 iron ore mine leases in Karnataka

    Deccan Herald reported that Supreme Court-appointed Central Empowered Committee has recommended action against 20 iron ore mining leases in Karnataka for their lapses in implementing reclamation and rehabilitation (R and R) work. The CEC, in its report submitted to the court after inspecting R and R activities being executed by ‘B’ category mines in Ballari district, said, of the 20 mines, four lease holders failed to supply baseline data and other relevant material to prepare R and R plan. The state government can implement the R and R plans after treating these leases as lapsed.

    The report said that “Despite the R and R plan being ready, the remaining 16 lease holders neither deposited the money nor it has been recovered from them. The lessees may be directed to deposit the due amount within 30 days from the date of the order, failing which the government may take appropriate action for treating the leases as lapsed.”

    The panel suggested that Karnataka, Telangana and Surveyor General of India may be directed to file a report on the action taken for determination of inter-state boundary within the Ballari reserve forest.

    Earlier, the court, which cancelled leases of all ‘C’ category mines, had directed the CEC to implement the R and R plan for 62 ‘B’ category mines which committed less violation while extracting ore.

    Of the 62 mines, Dehradun-based Indian Council of Forestry Research and Education prepared R and R plan for 58 mines and four leases holders failed to provide baseline data. The court had directed the companies to deposit money as specified by the CEC as a guarantee and implement the R and R with their own money. The money will be returned to the lease holders on the satisfactory execution of the R and R plan.

    Only 42 mines of the 58 lease holders have deposited INR 103.12 crore as guarantee money with the CEC and started implementing the R and R plan.

    The Federation of Indian Mineral Industries had filed an interim petition before the Supreme Court, seeking return of the guarantee money to lease holders. Following this, the court asked the CEC to submit the status report on the implementation of R and R plan.

    16 lease holders who failed to deposit guarantee money: V Susheelamma (Doddabyaladakere), M Upendran, B R Dayanath Singh (Kamalabai), N Shaik Sab, K Brahmananda, K R Kaviraaj (Kalahalli), Gadagi Minerals Mining Company, Sannakitadahalli Iron and Manganese Ore Mine of Canara Minerals, Hanuman Iron Ore Mines, Santhalakshmi Jayaram, K N Srinivasa, Kumaraswamy Mining Company, Marwa Mining Company (Jiginahalli), T V Channabasetappa and Brothers, Rameshwara Manganese and Iron Ore Pvt Ltd, J M Vrushabendraiah.

    Source : Deccan Herald
  2. forum rang 10 voda 18 juli 2017 19:51
    Mining Scam - Politicians, mining officials involved - SIT

    DNA India reported that SIT probe has revealed that iron ore worth hundreds of crores was exported from Goa through unregistered traders in connivance with the officials of Mines department and some heavyweight politicians.

    Crime branch visited Vaghus Pale dump site belonging to a mining firm in Goa as per the disclosure of accused Philip Jacob who had allegedly purchased iron ore more than 10 lakh metric tons amounting to INR 300 crore.

    The officials of the SIT probing into illegal mining inspected the site along with Mines officials. The SIT found Iron ore dumps still at the dump site in lakhs of metric tons.

    Mines officials in Goa allegedly did not verify the dump which was supposed to be done by the department and e-auctioned thereafter.

    Investigation has revealed that the mine owner allegedly received the amount through bank transactions as well as cash from accused Philip Jacob to the tune of INR 200 crore.

    Investigation has revealed that the mine owner had allegedly dumped iron ore from different leases and during 2009-2011 in connivance with the mines ministry in Goa and exported it without paying royalty through accused Philip Jacob and other traders.

    Source : DNA India
  3. forum rang 10 voda 18 juli 2017 19:52
    North Korea iron exports to China rise despite sanctions

    Gulf Times reported that North Korea has little the world wants. But it does have iron. Despite the international opprobrium over its nuclear ambitions, North Korea has managed to take advantage of a loophole in UN sanctions by increasing its exports of iron ore.

    The key buyer, as usual, is China. In global terms, the dollar figure is small: North Korea exported an estimated USD 74 million of iron ore and concentrates to China during the first five months of 2017. Still, that’s real money for the economically isolated country which shares a land border with China and represents a 212% increase from the year before, according to data from the Korea International Trade Association.

    North Korean iron tends to be of higher quality than the ore found in China, according to Sabrin Chowdhury, a commodities analyst with BMI Research in Singapore. That makes it attractive to some state-owned Chinese steelmakers looking to reduce costs. She said that “There is genuine demand for North Korean iron ore.”

    North Korea is a minor player compared with suppliers like Australia and Brazil. China imported about 445 million metric tonnes of iron ore in the first five months of 2017, according to Bloomberg Intelligence, of which just 1.1 million metric tonnes came from North Korea.

    Still, Chinese purchases of North Korean iron ore are contributing to tensions between the US and China following President Trump’s statement last week expressing annoyance about China-North Korea economic ties.

    Two-way trade between China and North Korea rose 10.5% to $2.55bn in the first half of 2017, according to data released by the Chinese government on Thursday. China’s exports to North Korea rose 29% from the same period in 2016, General Administration of Customs spokesman Huang Songping said at a briefing in Beijing. Imports from North Korea fell 13%.

    Mr Huang said that China has seriously carried out UN sanctions on North Korea. The Spokesman said that Chinese exports to the North were mainly consumer goods such as textiles, which aren’t on the list of sanctioned items.

    Source : Gulf Times
  4. forum rang 10 voda 18 juli 2017 19:53
    Iran mineral output up

    Financial Tribune reported that an analysis of the Iran Ministry of Industries, Mining and Trade's data shows growth in the production of crude steel, finished steel products, iron ore, coal concentrate and sheet glass in the last Iranian year (March 2016-17) compared to the year before.

    Coal concentrate has the highest growth among the above-mentioned products with 10.6%, rising from 1.113 million tonnes in March 2015-16 to 1.232 million tonne last year, IRNA reported.

    Crude steel output had the second highest gain year-on-year, going from 16.538 million tonne to over 18 million tonne, indicating a 9% increase.

    Some 31.711 million tonne of iron ore were produced last year, 1.284 million tonne more than the year before, seeing a 4.2% increase YOY.

    Production of steel products (17.681 million tonne) and sheet glass (727,000 tonne) witnessed a 1.4% and 0.1% growth respectively.

    According to deputy minister of industries, mining and trade, Jafar Sarqeini, Iran's mineral production currently stands at 400 million tonne per year.

    On the export front, Iran's total mineral products' shipments last year registered a 17% and 38% increase in value and volume respectively year-on-year, according to the Islamic Republic of Iran Customs Administration.

    Over 57.64 million tonne of mineral commodities worth more than $7 billion, including steel products, ferroalloys, copper, aluminum, cement, lead, zinc, metals, gems, coal, coke, chromium, molybdenum, titanium, mica, nickel, antimony and different types of stone were exported last year.

    Source : Financial Tribune
  5. forum rang 10 voda 18 juli 2017 19:59
    Iran Steel producer strengthens owner ship on mining companies

    Financial Tribune reported that Iran’s flagship flat steel producer has taken control of one of the country’s largest mining investment companies and extended its reach in the industry. By holding a 37% stake in Mines and Metals Development Investment Company, Mobarakeh Steel Company won three seats on the mining holding’s board of directors during the extraordinary general meeting held on Saturday.

    According to MMDIC’s website, the local mining and metals group established in 1997 focuses on exploring, mining, processing and marketing commodities such as iron ore, pellet, copper, steel, coal and electricity. The holding is a stakeholder in a number of Iran’s largest commodity producers.

    Tehran Stock Exchange-listed MMDIC’s market capitalization currently stands at 37.2 trillion rials (USD 986.58 million).

    MMDIC owns a 16.6% and 17.1% stake in Iran’s two largest iron ore producers Chadormalu and Golgohar companies, and 5.7% share in the primary copper producer National Iranian Copper Industries Company.

    Its other stakes across the industry are in Gohar Zamin Iron Ore Company, Khorasan Steel Company, Arfa Iron and Steel Company, Amir Kabir Steel, Sabanour Mining and Industrial Development Company and Shahid Ghandi Corporation Complex. The names of a few banks also show up on MMDIC’s portfolio.

    What this means for MSC, already a goliath in the industry, is that it increases its potential influence on price determination for the long-term contracts for iron ore and pellet, as well as on export and other policies.

    Golgohar and Chadormalu are already planning to commence the export of some of their pellet output this year, but are waiting to receive a government exemption from a 15% export duty on iron ore pellet. Golgohar started its second 5 million tons per year pellet plant last November and now has a nameplate capacity of 10 million tons per year, S&P Global Platts reported. With MSC in charge, however, the plans could change.

    MSC came into MMDIC’s ownership following the financial hardships of the founder and original stakeholder, the semi-governmental Steel Pensioners’ Fund for retired Iranian steelworkers. The pension fund sold a 16.1% stake valued at 7 trillion rials ($185.7 million) to MSC back in May.

    MSC is also following plans of its own for boosting output, as it has turned to Iran Energy Exchange for procuring its electricity supply.

    MSC’s raw material and energy procurement manager, Bashir Sadeqi, was quoted as saying by Securities and Exchange News Agency that “Considering the significant price difference between offers by the private sector in IRENEX and the government, Mobarakeh Steel Company purchased 10 MWs of electricity from the exchange for the first time in the company’s history. This in turn led to a 36% drop in costs.”

    According to Sadeqi, the benefits of the new approach include flexibility in delivery time, 10% tax cut on purchases from IRENEX and the ability to circumvent middlemen and directly pay the supplier.

    Source : Financial Tribune
  6. forum rang 10 voda 18 juli 2017 20:00
    Chinese firm looking to invest in Iran iron mines

    IRNA quoted Middle East Manager of China Huadong company as saying that many Chinese firms are interested in investing in Iranian iron mines to produce iron ore and concentrates. Mr Shi Ling Ren made the remarks on Saturday in a meeting with member of National Security and Foreign Policy Committee of Iranian Parliament Morteza Saffari Natanzi.

    Mr Ling Ren expressed hope for continued consultations to remove road blocks on the way of investment.

    Meanwhile, Mr Natanzi addressed the meeting, saying Iranian parliament supports developing economic relation with China. He also pointed to the law approved in Majlis on supporting foreign investment as a positive step in that regard.

    Source : IRNA
  7. forum rang 10 voda 18 juli 2017 20:12
    Saudi Arabia approves suspension of steel export duty

    Trade Arabia reported that Saudi Arabia's Ministerial Provisioning Committee has approved the suspension of duty on steel export for two years and cut fees on cement export by 50%. Saudi Arabia Ministry of Commerce and Investment said that this move is a part of the new mechanism to encourage local producers and national industries to compete externally.

    The Ministerial Provisioning Committee was formed by the Ministries of Commerce and Investment, Finance, Energy, Industry and Mineral Resources, Environment, Water and Agriculture.

    Meanwhile, the Export Development Authority shall submit a report to the Ministerial Provisioning Committee every six months to measure the impact of these measures on the volume of national exports and their effects on the exports sector.

    The MCI continues to issue export licenses to factories wishing to export their products after verifying the fulfillment of the requirements contained in the Royal Decree, including that the supply of cement and steel locally to meet the needs of the Saudi market.

    Source : Trade Arabia
  8. forum rang 10 voda 18 juli 2017 20:13
    Iran crude steel export up by 45pct in 2 months

    Iran Steel Producers Association statistics indicated total export of crude steel in the first two months of current Iranian calendar year (March 21-May 21, 2017) standing at 1,084,000 tonnes, showing 45% growth compared to that in the same period the preceding year.

    According to the statistics, the exports included 457,000 tonne of billet and bloom, which showed 11 percent decrease from 516,000 tonne in the same period the previous year.

    Also slab constituted 627,000 tonne of the total crude steel exports, which showed 170 percent increase compared to last year's 232,000 tonne.

    Steel exports in the first two months of the year was 180,000 tonne, which compared with the preceding year's 509,000 tonne, indicated 65 percent decline.

    Rebar coil reserved highest percentage in the exports. In the period under study, 34,000 tonne such products were exported, showing 278 percent increase compared to last year's 9000 tonne.

    In the first two months of the year, 83,000 tonne of rebar coil were exported, indicating 66 percent increase compared to last year's 50,000 tonne.

    The report indicated that imports in the first two months of the year was 6,000 tonne, which compared with the figure in the same period the preceding year, fell by 81 percent. It stood at 30,000 tonne in last year's first two months.

    With around 30 million tonne production capacity, Iran stands 14th in the world's steel producers' list. It produced as much as 18.5 million tonne of crude steel last year.

    Source : IRNA
  9. forum rang 10 voda 18 juli 2017 20:22
    Largest Ferris wheel in the world rises off Jumeirah - Meraas

    Khaleej Times reported that residents can now get an eyeful of the next world-record breaking Dubai wonder that's coming up, set to add another feature in the emirate's skyline. Driving down Sheikh Zayed road and from the Dubai Marina, you can see the rim of what's soon-to-be the largest Ferris wheel in the world, according to Meraas.

    The fifth of eight 108-metre sections of Ain Dubai has been installed. The wheel rim is now clearly visible at Bluewaters, where the landmark is being assembled. Once finished, Ain Dubai is expected to be one of the emirate's most iconic destinations, offering visitors a 360-degree view of the city and its coastline.

    Mr Abdulla Al Habbai, group chairman at Meraas, said that "Ain Dubai reflects our ambition of creating new destinations that contribute to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, vision of a city where people are encouraged to create, explore and enjoy. It embodies the pioneering and innovative nature of a city that has pushed the boundaries of modern engineering."

    At over 210 metres tall, Ain Dubai will eclipse the 167-metre High Roller in Las Vegas and the 190-metre New York Wheel planned for Staten Island, in New York City.

    Its hub and spindle were set in place last year and the final structure will include around 9,000 tonnes of steel, almost 25 per cent more than the amount of iron used to construct the iconic Eiffel Tower in Paris.

    Circle of thrills
    Mr Omar Delawar, Chief Projects Officer at Meraas, said that "The assembly of the rim at Bluewaters is one of the most exciting phases in the construction of Ain Dubai, as it marks the arrival of the centrepiece of the island and another addition to Dubai's impressive skyline - one that creates a new meeting point for the city and economy."

    Mr Delawar said that "With the first five sections of the wheel rim already connected to the hub, two winch devices have been fitted to rotate the wheel in a way that will allow Ain Dubai to receive the sixth, and subsequent sections of the wheel rim. Each rim section weighs roughly the same as two Airbus A380 aircraft and must be rested on five temporary support structures connected to the hub, as well as two 115-metre spokes."

    The wheel rim sections are connected to the hub and spindle by a total of 192 heavy-duty cables, each of which is comprised of over a hundred separate wires that are pre-tensioned with up to 300 tonnes of force. These cables will eventually support the combined 7,500 tonne weight of the rim and its capsules.

    All eight sections of the rim have been manufactured using the highest-grade German and Korean steel and individually shipped to Dubai by barge. They are being manoeuvred into position in a complex operation by a team of engineers and technicians, using cranes with a lifting capacity of 3,000 tonnes.

    Comforts of the ride
    With construction of the wheel rim well underway, Al Habbai led a delegation to Switzerland, where Ain Dubai's 48 high-tech passenger capsules are being manufactured by Swiss Rides on behalf of the project's main contractor, Hyundai.

    The 30-square-metre double-glazed capsules is designed to comfortably accommodate 40 passengers each and are clad in high-quality glass with ultraviolet and infrared protection like the glassmaking technology used to produce military aircraft canopies.

    Source : Khaleej Times
  10. forum rang 10 voda 18 juli 2017 20:30
    Vale Mozambique to ship first coal cargo to Australia

    Journalducameroun.com reported that Global Miner, Vale Mozambique SA Brazilian mining major Vale had fixed a vessel to carry a 70,000 metric ton of metallurgical coal cargo from Nacala in Mozambique to Port Kembla in Australia loading, APA has observed.The company said in a media statement to APA that this would be the first direct shipment of Nacala met coal to Port Kembla.

    The mining giant said that the import of Mozambique coal is symbolic because Australia is the largest seaborne exporter of met coal in the world, the bulk of which is premium HCCs, prized for its high CSR.

    Australia exported 172 million mt of met coal in 2016, according to a Goldman Sachs January 2017 report, or 66 percent of the seaborne volume, based on the same report. The global seaborne met coal market was estimated at 259 million mt in 2016.

    Aa ship chartering source with a mining major, said that “Steelmakers are looking to diversify their purchases too,” adding there have also been iron ore imports into Australia.

    The statement said that “This is an interesting flow, and the vessel will be going from one loading location to another, one from where they can almost for certain find a cargo with very little ballast.”

    According to the Port Kembla Coal Terminal official website, Australian domestic steelmaker Bluescope Steel is a major met coal end-user located near Port Kembla. The main met coal products produced by Vale in Mozambique are premium mid-vol and premium low-vol HCCs.

    Source : Journalducameroun.com
  11. forum rang 10 voda 19 juli 2017 16:06
    Beursblik: Goldman Sachs verlaagt koersdoel ArcelorMittal licht

    Koersdoel naar 28,00 euro.

    (ABM FN-Dow Jones) Goldman Sachs heeft het koersdoel voor ArcelorMittal licht verlaagd van 28,50 naar 28,00 euro bij een ongewijzigde koopaanbeveling.

    Volgens de analisten werden de staalprijzen in de eerste helft van het jaar gedrukt door de lagere ijzerertsprijzen en zorgen over de groei van de Chinese economie, waardoor het sentiment over de duurzaamheid van de staalmarges negatief werd. Dit drukte de koers van ArcelorMittal die vanaf het hoogtepunt in het eerste kwartaal naar het dieptepunt halverwege juni met bijna 30 procent daalde.

    Maar sindsdien is het sentiment volgens de Amerikaanse zakenbank gekeerd en de marges vertoonden herstel. Sinds dat dieptepunt in juni is de koers weer hersteld met ruim 15 procent. De ijzerertsprijzen zijn gestabiliseerd en staalmakers proberen hun verkoopprijzen te verhogen.

    ArcelorMittal blijft een favoriet voor Goldman Sachs onder de Europese staalbedrijven.

    Op een groen Damrak noteerde het aandeel ArcelorMittal 1,9 procent hoger op 22,39 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
  12. forum rang 10 voda 19 juli 2017 16:16
    Beursblik: Goldman Sachs verlaagt koersdoel Aperam

    Koersdoel naar 50,00 euro.

    (ABM FN-Dow Jones) Goldman Sachs heeft het koersdoel voor Aperam verlaagd van 54,00 naar 50,00 euro bij een ongewijzigde koopaanbeveling.

    Vooruitkijkend naar de kwartaalresultaten die Aperam op 26 juli bekendmaakt rekenen de marktvorsers op solide prestaties. Ze verwachten dat de outlook voor het derde kwartaal zwakker zal zijn, rekening houdend met seizoensgebonden effecten, maar onderliggend positief is.

    De Amerikaanse bank denkt wel dat de resultaten van roestvast staal producenten zoals Aperam, en ook de Finse sectorgenoot Outokumpu, in het tweede kwartaal onder druk stonden door lagere nikkelprijzen. De nikkelprijs stabiliseerde echter richting het einde van de verslagperiode.

    Op een groene beurs noteerde het aandeel Aperam 0,7 procent hoger op 41,78 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
  13. forum rang 10 voda 19 juli 2017 22:35
    Geen Staal, toch belangrijk:

    Hogere omzet levert Alcoa winst op

    Outlook 2017 aangescherpt.

    (ABM FN-Dow Jones) Alcoa heeft in het tweede kwartaal van 2017 de omzet zien oplopen en weer zwarte cijfers geboekt. Dit meldde de aluminiumproducent woensdag nabeurs.

    "Alcoa boekte een goede winst in het tweede kwartaal, met een sterke kasstroom", aldus CEO Roy Harvey in een toelichting op de kwartaalcijfers.

    De omzet van Alcoa steeg op jaarbasis van 2,3 miljard naar 2,9 miljard dollar. Ook op kwartaalbasis was er sprake van een omzetgroei, van circa 0,2 miljard dollar.

    Waar de aluminiumfabrikant vorig jaar nog een verlies leed in het tweede kwartaal van 55 miljoen dollar, restte er afgelopen kwartaal juist een winst van 75 miljoen dollar, goed voor een aangepaste winst per aandeel van 0,62 dollar.

    In het eerste kwartaal van dit jaar verdiende Alcoa nog 225 miljoen dollar, maar daar zat een eenmalige boekwinst van 120 miljoen dollar in.

    Outlook

    Voor 2017 rekent Alcoa op een wereldwijde vraag naar aluminium die met 4,75 tot 5,25 procent groeit ten opzichte van 2016. Eerder werd nog gerekend op 4,5 tot 5,0 procent.

    Dit jaar zal het bedrijfsresultaat (EBITDA) exclusief eenmalige posten volgens Alcoa uitkomen op 2,1 miljard tot 2,2 miljard dollar. Aanvankelijk mikte de fabrikant op 2,1 miljard tot 2,3 miljard dollar. CEO Harvey waarschuwde vandaag voor hogere inkoopkosten.

    In het afgelopen kwartaal behaalde Alcoa een EBITDA exclusief eenmalige posten van 483 miljoen dollar.

    In de reguliere handel steeg het aandeel Alcoa woensdag 0,2 procent naar 36,50 dollar. In de elektronische handel nabeurs verloor het aandeel echter 1,9 procent.

    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
  14. forum rang 10 voda 20 juli 2017 16:08
    Wereldwijde staalproductie flink omhoog

    Stijging van 3,2 procent in juni.

    (ABM FN-Dow Jones) De mondiale staalproductie is in juni op jaarbasis stevig gestegen. Dit bleek donderdag uit cijfers van brancheorganisatie World Steel Association.

    In totaal maakten de 67 staalproducerende landen in de afgelopen maand 141,0 miljoen ton staal, een stijging van 3,2 procent op jaarbasis. In mei bedroeg de groei nog 2,0 procent.

    In China, wereldwijd met afstand de grootste fabrikant van staal, steeg de productie afgelopen maand op jaarbasis met 5,7 procent tot 73,2 miljoen ton. Japan zag de productie afgelopen maand echter afnemen met 4,3 procent.

    In Duitsland was sprake van een daling met 1,7 procent op jaarbasis tot 3,6 miljoen ton. In Italië steeg de productie met 1,8 procent, terwijl in Spanje zelfs 8,1 procent meer staal werd gemaakt. In Frankrijk was sprake van een groei van 1,3 procent.

    De Verenigde Staten produceerden in juni 6,7 miljoen ton staal. Dit was 1,7 procent minder dan een jaar eerder.

    De bezettingsgraad van staalproducerende landen steeg op jaarbasis met 1,4 procentpunt naar 73,0 procent vergeleken met dezelfde maand een jaar terug. Vergeleken met een maand eerder betekende dit een toename van 1,3 procentpunt.

    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
  15. forum rang 10 voda 20 juli 2017 16:08
    Staalbedrijf Nucor maakt meer winst

    Omzet met ruim een vijfde omhoog.

    (ABM FN-Dow Jones) Nucor heeft in het tweede kwartaal van 2017 meer winst behaald. Dit maakte het Amerikaanse staalbedrijf donderdagmiddag bekend.

    De nettowinst bedroeg 323,0 miljoen dollar, ten opzichte van 243,6 miljoen dollar in het tweede kwartaal van 2016. In de eerste drie maanden van 2017 realiseerde Nucor een winst van 356,9 miljoen dollar.

    De omzet steeg met 22 procent tot 5,17 miljard dollar op jaarbasis en de gemiddelde verkoopprijs lag op jaarbasis 17 procent hoger, en 5 procent op kwartaalbasis.

    Nucor wees ook nu weer op de negatieve gevolgen van de import van goedkoop geïmporteerd staal. Met name China maakt zich daar schuldig aan, maar ook landen als Taiwan, Japan en Turkije. De Amerikaanse regering heeft reeds actie genomen om het dumpen van staal aan banden te leggen, maar er zijn vermoedelijk meer maatregelen op komst.

    Wat betref het derde kwartaal verwacht het management van het staalbedrijf dat de winstontwikkeling hetzelfde zal zijn als in de eerste zes maanden van het jaar.

    Het aandeel Nucor noteerde kort na opening in Amerika 2,0 procent lager.

    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
  16. forum rang 10 voda 20 juli 2017 16:57
    JSW keen on BSL and Monnet Ispat steel assets - Mr Parth Jindal

    Business Standard reported that JSW Steel is “very keen” on Bhushan Steel and Monnet Ispat, and at the right price, might even consider buying Essar Steel. Asked about the companies facing insolvency proceedings and JSW Steel’s interest in them, Mr Parth Jindal, said “We are very keen on Monnet and Bhushan.”

    Mr Jindal said Essar Steel would also be attractive at the right price.

    He, however, pointed out that JSW Steel would be able to acquire either Bhushan Steel or Essar Steel, apart from Monnet Ispat.

    Mr Parth Jindal is, however, not on the board of JSW Steel. His portfolio of businesses comprises cement, paints and sports, among others.

    zie bijlage

    Capacity in million tonnes
    Sales & debt in INR crores

    Source : Business Standard
  17. forum rang 10 voda 20 juli 2017 16:57
    Viet Nam reports 20 fold surge in steel imports from India in H1

    Viet Nam News reported that steel imports from India posted a whopping increase in the first six months of this year. Customs’ statistics revealed that Vi?t Nam imported 812,000 tonnes of steel from India worth USD422 million, representing a rise of more than 20 times in volume and 13 times in value over the same period last year.

    The General Department of Customs said the huge increase in steel imports from India was attributed to low prices. Average price of steel from India was VN?11.8 million (USD 519) per tonne, VN?1 million lower than China, the world’s largest steel producer, and VN?1.4 million lower than the average steel import price to Vi?t Nam.

    According to ?? Duy Thái, chairman of steel company Pomina, Indian steel was now more competitive in price in comparison with Vi?t Nam’s top steel exporters, including China, Japan, South Korea and Taiwan, which had average prices of between $564 and $573.

    Vi?t Nam imported a total of more than 7.9 million tonnes of steel in the first half of this year at total value of USD 4.61 billion, dropping by 17.3 per cent in volume but up 21.8 per cent in value over the same period last year. Steel import prices averaged $582 per tonne.

    Source : Viet Nam News
  18. forum rang 10 voda 20 juli 2017 16:59
    Canadian coking coal import likely to increase - Steel Ministry

    Reuters reported that India plans to increase its import of coking coal from Canada in a bid to diversify its import basket. India was in talks with Canada's Teck Resources Ltd for long-term purchase agreements after a cyclonic disruption in Australia cut supplies earlier this year.

    Ministry said "Although various measures are being taken to increase the supply of indigenous coking coal, India's dependence on imported coking coal would continue. In such a scenario, multiple options for sourcing coking coal imports would lead to cost advantage and choice.”

    It added that Canadian coking coal imports were expected to increase.

    The Indian delegation led by Steel Minister Chaudhary Birender Singh met with Teck executives in Canada earlier this month.

    Source : Reuters
  19. forum rang 10 voda 20 juli 2017 16:59
    NCLT reserves order on bankruptcy plea against BSL and BPSL

    PTI reported that the National Company Law Tribunal has reserved its order over the bankruptcy petition filed by the country's largest lender SBI against Bhushan Steel Ltd. A bench headed by Justice MM Kumar also reserved order on the plea filed by Punjab National Bank against Bhushan Steel & Power Ltd.

    The NCLT, on July 13, issued notices to Bhushan Steel Ltd as well as Bhushan Steel and Power Ltd over insolvency proceedings initiated by their lenders State Bank of India and PNB.

    The companies were directed to file their reply. Both the petitions were filed under the Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, where the financial creditor initiates insolvency proceedings with a claim. While SBI is the lead banker to Bhushan Steel, PNB is the lead banker to Bhushan Steel and Power.

    Once a case is admitted under NCLT, the board of the company gets dissolved and the insolvency resolution professional takes over the company for the next 180 days, which is further extendable to 90 days. If a resolution plan cannot be drawn in the given time frame, the company goes for liquidation.

    Source : PTI
  20. forum rang 10 voda 20 juli 2017 17:02
    CBI charges Monnet Ispat with cheating & criminal conspiracy in coal scam

    Press Trust of India reported that the CBI has registered a fresh case in the ongoing investigation in the coal scam against Monnet Ispat and Energy Limited for alleged irregularities in the operation and allocation of coal blocks to the company. The agency on Tuesday registered a case of criminal conspiracy and cheating against the company and unidentified persons.

    Under the preliminary enquiries in the coal scam, the CBI had enquired into the allocation of Gare Palma and Rajgamar Dipside blocks to Monnet Ispat and Energy Limited. The company had applied for captive coal block for their proposed expansion of a sponge iron plant in Raipur.

    The enquiry found that the company was allotted Gare Palma block by the 10th screening committee in 1996 for captive mining to supply coal to the proposed expansion of sponge iron plant and captive power plant (CPP) in Raipur.

    The company started mining in the block from August 2004 but could set up only 0.3 MTPA (metric tonne per annum) as against the proposed 0.5 MTPA plant, the FIR alleged.

    Meanwhile, the company had also set up a sponge iron plant at Raigarh.

    "The company from the year 2005-06 without taking permission from the Ministry of Coal started consuming coal from Gare Palma iv/5 coal block in its Raigarh Plant. The enquiry has revealed that the company was using more coal in Raigarh Plant than that at Raipur plant from the year 2008-09 onwards," the agency alleged in its FIR.

    It claimed that the company till 2007 has also used the coal mined from the block in its captive power plant without taking permission from the ministry whereas the block was allocated only for its sponge iron plant at Raipur.

    Later, the company on the recommendation of 36th Screening Committee was allocated Rajgamar Dipside block for its Raigarh plant.

    "The company while applying for Rajgamar Dipside misrepresented before the Ministry of Coal by mentioning in the application form that it has no coal block or the coal linkage whereas on this date the company was using coal in its Raigarh plant for which it had applied for Rajgamar Dipside block," it alleged.

    The CBI alleged that it was revealed that the company has unauthorisedly diverted coal from Gare Palma block to its Raigarh plant.

    It alleged that the company had dishonestly misappropriated the coal from this block in its power plant till 2007.

    In addition, the company had also misrepresented before the coal ministry that no coal block or coal linkage was available with an intention to secure Rajgamar Dipside coal block, it alleged.

    Source : Press Trust of India
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