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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

  • 24,350 6 mei 2024 17:35
  • 0,000 (0,00%) Dagrange 24,350 - 24,730
  • 2.104.470 Gem. (3M) 2,6M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 651 652 653 654 655 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 20 juli 2017 17:03
    Danieli installs world first DQ system downstream Plate/Steckel mill at Nucor Tuscaloosa

    Modern DQ systems are intended to produce a finer ferrite-bainite microstructure in the rolled product, while limiting or preventing pearlite formation. This achieves savings in alloy consumption and improves finished steel properties overall, to match the typical requirements for shipbuilding grades, pipeline grades for extreme applications, pressure vessel grades, etc.

    The distinctive characteristic of the DQ application at Nucor Tuscaloosa is that it operates for the entire range of strip and plate thicknesses (4.76 to 63.5 mm) and on all the steel grades produced there.

    Moreover, the new cooling rates now available open the opportunity for Nucor to develop new steel grades, e.g., bainitic steel grades for improved toughness, wear-resistant steel grades, and martensitic steel grades.

    Danieli Automation supplied the unique automation and process control system needed for fully automatic set-up of all plant units to match the technological requirements of strip/plate cooling that will ensure their required metallurgical properties.

    Also included in the package is the CQE-Coil Quality Estimator system, a mathematical model for predicting product’s mechanical properties in real time.
    Hot tests and commissioning were carried out during normal production.

    Source : Strategic Research Institute
    Bijlage:
  2. forum rang 10 voda 20 juli 2017 17:04
    POST GST - Steel manufacturing cost to rise - Report

    Economic Times reported that steel ministry has expressed concerns that cost of steel manufacturing will increase as electricity, being one of the major inputs, has been kept out of the Goods and Service Tax. The concerns were also expressed by the steel ministry during the meeting that the Clean Energy Cess of INR 400 per tonne which was being charged pre GST remains effectively non cenvatable in the new regime.

    The Official said that natural gas: one of the inputs used in manufacturing sponge iron/Hot Briquetted Iron, an intermediate product used in steel making, has been kept out of GST purview. Under the previous regime, a partial was available.

    The official added that "However, in the new regime, the tax paid on the natural gas is a cost and no input tax credit is available on the same.”

    The steel ministry is also of view that royalty is charged on iron ore at 15 per cent of the base price and is yet not cenvatable.

    The Official said that besides, Forest Development Fee and similar charges like contribution in District Mineral Foundation and National Mineral Exploration Trust, which are in the nature of tax, need to be subsumed in GST.

    The steel industry had earlier in the month said that with GST rollout the unorganised players in the sector will have to move to organised form of doing business.

    Source : Economic Times
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  3. forum rang 10 voda 20 juli 2017 17:06
    SAIL Bokaro Steel Plant on green drive

    Daily Pioneer reported that Bokaro Steel Plant is on ‘green’ drive to increase green cover in the periphery areas; hundreds of saplings were planted. BSL officials said that “A massive forestation drive of about two lakhs saplings over 200 acres of land by CSR is on the cards.

    BSL officials added that “Our opinion is wherever there is land, there should be greenery.”

    Official said that the CEO of BSL PK Singh along with officials planted thousands of saplings at HRD centres and other locations with great enthusiasm. The CSR department of BSL has taken this mission upon itself to increase the green cover in the periphery with the help of Forest department, the plantation drive will continue till 10 August.

    Source : Daily Pioneer
  4. forum rang 10 voda 20 juli 2017 17:06
    Indian government gives in-principle nod for disinvestment of SAIL units

    India Infoline News Service reported that government has accorded in-principle approval for strategic disinvestment of three units of Steel Authority of India Ltd viz, Visveswaraya Iron and Steel Plant, Bhadravati, Salem Steel Plant, Tamil Nadu and Alloy Steel Plant, Durgapur as these units of SAIL have been consistently making losses.

    A Steel Ministry release said that the significant steps taken by SAIL to improve the financial performance of the three plants are capital investment to improve the facilities, reduction in consumption level of raw materials, production optimization and product-mix improvement, improvement in techno-economic parameters, waste management, strict control on demurrage expenses, reduction in inventory of finished/semi-finished products, stores & spares and raw materials.

    It added that the entire process of the strategic disinvestment is to be carried out with the help of Transaction Adviser (TA), Legal Adviser (LA) and Asset Valuer (AV) who would advise on an appropriate mechanism of disinvestment.

    Source : India Infoline
  5. forum rang 10 voda 20 juli 2017 17:07
    US steel tariffs likely to trigger swift EU safeguard - Report

    Reuters reported that US President Donald Trump's plan to impose steel import tariffs for national security reasons would likely trigger a swift safeguard action by the European Union. The report quoted a Brussels based trade lawyer as saying that "I understand that's the direction they’ll go in... That's what they want to do.”

    An EU source said the problem with taking the matter to the WTO was that it would probably take at least three years to resolve. He said "But I believe there are also possibilities in the Safeguard Agreement. Read the Safeguard Agreement. I can tell you that our people are looking actively, and yes, there are ways to respond more quickly than after three years."

    Resorting to a Cold War era law, Trump has initiated a 'Section 232' review of the US steel industry that allows for the imposition of tariffs or quotas on imports if they are found to threaten national security. The move has been widely criticized by diplomats who warned it risks sparking retaliatory action and undermining the global trading order if national security becomes an accepted excuse to break global trade rules.

    Source : Reuters
  6. forum rang 10 voda 20 juli 2017 17:12
    EU proposes 33pct duties on HR import from Brazil, Iran, Russia, Ukraine - Report

    Reuters reported that the European Union is planning to impose duties of up to 33% on hot-rolled steel imports from Brazil, Iran, Russia and Ukraine to counter what it sees as unfairly low prices. The European Commission launched an investigation into hot-rolled steel from Brazil, Iran, Russia and Ukraine as well as Serbia in July 2016, following a complaint by European steel association Eurofer.

    Its investigation found hot-rolled steel from all the countries save Serbia rose to take 12.6 percent of the EU market in the year to mid-2016 from 7.5 percent in 2013, with prices falling by about a quarter, according to the document. The Commission terminated its investigation into Serbian steel imports with no tariffs set, the document showed.

    However, it is proposing duties of 16.3 percent for steel from ArcelorMittal Brasil, 17.5 percent for Usinas Siderurgicas and 15.7 percent for Companhia Siderurgica National. For Russia, NLMK would face 15.0 percent duties, MMK 33.0 percent and PAO Severstal 5.3 percent.

    For Iran's Mobarakeh Steel Co 23 percent duties would apply and for Ukraine's Metinvest Group 19.4 percent. The Islamic Republic is now free to export steel after the easing of international sanctions against it.

    Definitive duties need to be applied by October 6.

    Source : Reuters
  7. forum rang 10 voda 20 juli 2017 17:12
    Scrap predicted to play bigger role in Chinese steel sector

    China Daily reported that China's iron ore demand is expected to see a continuous decline in the next few years, due to growing awareness of environmental protection and increased consumption of scrap steel. According to a research note from Industrial Securities, “In 2020, China's iron ore consumption is expected to reach 960 million tonnes, a decline of 150 million tonnes YoY. In the future, with more scrap being used by Chinese steel companies, iron ore demand will drop gradually.”

    As a greener material in steelmaking, scrap helps to realize the aim of energy saving and emissions reduction in the iron and steel industry, by reducing the manufacturing processes required.

    Since the beginning of this year, the scrap ratio has markedly increased in China's steelmaking industry. Consumption of scrap steel in China was 25.3 million tonnes in the first quarter of this year, an increase of 29.7% YoY. Generally speaking, the proportion of scrap used in China's steel industry is around 2-3%.

    In 2015, the Iron and Steel Industry Adjustment Policy issued by the Ministry of Industry and Information Technology pointed out that China's steelmaking scrap ratio should reach30 percent.

    The China Association of Metal Scrap Utilization's 2016-20 plan, published last December, said that China's scrap steel ratio should reach 20% by 2020.

    Source : China Daily
    Bijlage:
  8. forum rang 10 voda 20 juli 2017 17:13
    Strong economy will be backbone of steel consumption - Mr Sushim Banerjee

    Mr Sushim Banerjee DG of Institute of Steel Growth and Development in his personal capacity wrote for Financial Express that it is heartening to note that Indian economy is moving at the highest rate in the recent period and would continue to do so in the near future if the projections by IMF, World Bank, ADB and other reputed consultants are to be believed. In the current year, Indian GDP is projected to grow at 7.1%, closely followed by China (6.7%), South East Asian countries (3.5-6.5%) and advanced countries (1.0-3.7%). There is an overall appreciation of economic reforms underway in several states of the country that are making significant contributions to improve the country’s ranking in doing business, competitiveness and similar other economic indicators.

    The tax reforms in the form of GST from the beginning of the current month has been hailed by all as one of the major steps in aligning with global fiscal standards. The headline inflation rate is coming down and comparable to economically strong countries. The WPI rate and the consumer price index for the month of June’17 at 0.90% and at 1.54% respectively are in sync with the long term inflation target set by RBI. The current Account balance (export minus import) at (-) 1.2% of GDP is well within the risk range.

    The interest rate in the country measured by 10-year government bonds at 6.6% is however still high. Apart from some of the weak economies like Brazil, Argentina, Russia and Venezuela, Indian interest rates are considered by the industry as not attractive for fresh investment. That the high interest rate has an adverse impact on investment and household consumption is proved by the declining trend of gross fixed capital formation that had consistently come down from 32.3% of GDP in Fy13 to 29.5% in Fy17 and a slower growth of private consumption (8.7%) in Fy17 as compared to 20.8% growth in government consumption. It is widely expected that RBI would bring the Repo rate down in August’17 to match industry expectation and further encourage private consumption growth.

    There are some reports on increasing unemployment in the country. At 5.0% the rate of unemployment in India is higher than the advanced countries and China, but much lower than in many other countries like Canada, France, Italy, Sweden and South East Asian countries.

    The tardy growth in industrial production is another area of concern. IIP growth with the new base of 2011-12 has dropped down from 3.1% in April’17 to 1.7% in May’17. The manufacturing sector has clocked 1.8% growth in the first two months of the current fiscal with 2.5% growth in Infrastructure and Construction, (-) 3.4% growth in capital goods and (-) 5.0% growth in consumer durable segments. The slow pace in industrial production has restricted the steel consumption rate in Q1 of Fy18. The consumption growth of non-alloy steel during the period at 5.8% is reasonably well as compared to consumption of alloy and stainless steel that has declined by 7.0% primarily due to lower pace of consumer durable (utensil grade) segment. It is to be noted that manufacturing of motor vehicles (commercial vehicles and others), trailers etc has gone down by more than 14% in Q1 of this year.

    Steel intensity in GDP in India has consistently declined in the last few years and has reached the peak at 0.73 in 2015-16. Taking the last 5 years the average steel intensity is at a low level of 0.5. It is acknowledged that a minimum number of 10 observations are required to arrive at a statistically sound elasticity estimate. As a longer series prior to 2011-12 based on new series 2011-12=100 (revised IIP and WPI) is not made available by CSO, we may base our demand projections on the assumption of a better steel-GDP relationship.

    The supposedly weak relationship between consumption of steel and GDP in the country can be mostly reversed by enhancing steel intensity in investment in infrastructure and construction, automobile and engineering industries. It would be the surest way to increase share of industry or the secondary sector in GDP from the current 30-31% to a minimum of 36%. The current thrusts of the government in pushing investment in urban and rural infrastructure building, affordable housing, defence procurement, rail and road connectivity would all contribute to promoting steel-GDP relationship on a longer time perspective.

    Source : Financial Express
  9. forum rang 10 voda 20 juli 2017 17:15
    Iran steel industry shift to exports as steel prices rise

    Financial Tribune reported that analysts point to the growing attraction of export markets for steelmakers as the main reason behind growth in prices. Steel analyst, Keyvan Pourshab said that “Exports are quite appealing now. In fact, most of the growth in steelmakers’ stocks came on the back of rising exports, emphasizing that rising shipments are driving production and consequently with their sights set abroad, producers are unable to supply the meager demand at home.”

    Over 1.08 million tonne of semi-finished steel were exported during the first two months of the current fiscal year (March 21-May 21), up 45% year-on-year. Finished steel exports, on the other hand, were down 65% to 180,000 tonne.

    That is not all. The whole mining industry is experiencing a shift to exports, especially in the iron ore products sector, notably sponge iron and pellet.

    Mr Pourshab attributes this to the post-sanction attraction of exports as well as the government’s failure to make the local market attractive. Pellet and DRI prices have also jumped and buoyed semis along the way. He said that “This can explain the irregularity in the market’s dynamics.”

    Iron ore exports stood at 21.19 million tonnes worth USD 818 million last year, up 55% and 56% in weight and value respectively.

    Source : Financial Tribune
  10. forum rang 10 voda 20 juli 2017 17:20
    BHP operational review for year ended June 2017

    BHPB announced its operational review for the year ended June 30 2017. 1. Achieved full year production guidance for petroleum and iron ore, with annual production records at Western Australia Iron Ore, Spence and two Queensland Coal mines.

    2. Lower copper production reflected the impact of industrial action at Escondida and the power outage and unplanned maintenance at Olympic Dam. Lower metallurgical coal volumes as a result of damage to third party rail infrastructure caused by Cyclone Debbie.

    3. We expect to achieve full year unit cost guidance at WAIO and Conventional petroleum, however industrial action and Cyclone Debbie have impacted unit costs at Escondida and Queensland Coal respectively.

    4. Group copper equivalent production expected to increase by 7% in the 2018 financial year.

    5. In Onshore US, development activity is increasing with up to 10 rigs operating in the 2018 financial year.

    6. Divestment of non-core Onshore US acreage is progressing, with the sale of a portion of the southern Hawkville anticipated in the September 2017 quarter.

    7. In Petroleum exploration, drilling of the Wildling-2 appraisal well in the Gulf of Mexico is continuing, with results expected in the September 2017 quarter.

    8. All major projects under development are tracking to plan.

    Mr Andrew Mackenzie CEO of BHP said that “Our people have stepped up to unlock low-cost latent capacity and achieve strong productivity gains across our tier one assets. Improved productivity led to record annual production at Western Australia Iron Ore, Spence and two Queensland Coal mines while production guidance was achieved by Petroleum and Western Australia Iron Ore. Copper production is expected to rebound strongly in the 2018 financial year with the commissioning of the Escondida Water Supply project and ramp-up of the Los Colorados Extension project during the September 2017 quarter to enable utilisation of Escondida’s three concentrators.”

    He added that “In Petroleum, the recently approved Mad Dog phase 2 project will extend low-risk oil volumes as supply tightens while in the near-term, Onshore US development activity is to increase with up to 10 rigs planned for the 2018 financial year. Our relentless focus on safety, productivity and capital discipline will support strong growth in shareholder value.”

    Source : Strategic Research Institute
    Bijlage:
  11. forum rang 10 voda 20 juli 2017 17:21
    BHPB update on iron ore production for the 2017 financial year

    BHPB announced that its total iron ore production for the 2017 financial year increased by four per cent to 231 million tonne, or 268 million tonne on a 100 per cent basis. WAIO production is expected to increase to between 239 and 243 million tonne, or between 275 and 280 million tonne on a 100 per cent basis, in the 2018 financial year. BHP will continue to work with the relevant authorities to obtain the necessary approvals to increase system capacity to 290 million tonne per annum (100% basis).

    Record annual production of 268 million tonne (100 per cent basis) at WAIO reflects strong productivity improvements across the supply chain as well as the commissioning of a new primary crusher and additional conveying capacity at Jimblebar. Following recovery from the wet season, WAIO produced at a record annualised rate of 280 million tonne (100% basis) in the June 2017 quarter. The rail renewal and maintenance program was completed in May 2017.

    In June 2017, BHP approved initial funding of USD 184 million (BHP share) for the South Flank sustaining mine project. The initial funding will be used primarily for the expansion of accommodation facilities to support construction and future operational workforce requirements. The South Flank project, which will leverage and expand the existing Mining Area C hub, is BHP’s preferred option to replace production from the 80 million tonne per annum (100% basis) Yandi mine when it reaches the end of its economic life in the early to mid 2020s. The project is expected to be submitted for Board approval in the middle of the 2018 calendar year and, if approved, first ore is targeted in the 2021 calendar year with ramp up timed to coincide with the ramp down of Yandi. The capital cost for South Flank is expected to be in the range of USD 30 to USD 40 per tonne, with expenditure fitting within WAIO’s previously indicated average annual sustaining capital expenditure of US$4 per tonne over the next five years.

    Mining and processing operations at Samarco remain suspended following the failure of the Fundão tailings dam and Santarém water dam on 5 November 2015.

    Source : Strategic Research Institute
  12. forum rang 10 voda 20 juli 2017 17:24
    Vale seen posting record iron ore output

    Vale is coming off its biggest-ever production year, churning out 348.8 million tonnes in 2016. It's projecting 360 million to 380 million tonnes this year for an even bigger share of the market. The record-setting pace has been fuelled by the development of low-cost reserves in northern Brazil, including ramping up the industry's biggest project, S11D.

    How much iron ore Vale produces this quarter may not tell the whole earnings story. Besides often locking prices in several weeks in advance, the company sells about 40 per cent of its ore at a premium price due to its high quality. Additionally, the miner has been building up offshore blending inventories to properly take advantage of the company's product.

    So far this year, Vale's new $US14 billion Amazon mining project S11D appears have produced about six million tons, based on data from Brazil's trade ministry. By 2020 Vale expects to have the mine operating at 90 million tonnes a year, which it believes could help it further lower costs and narrow the geographic advantage enjoyed by Rio and BHP.

    Source : Brisbane Times
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  13. forum rang 10 voda 20 juli 2017 17:24
    Rio Tinto cuts 2017 iron ore guidance as rail work hits shipments

    Reuters reported that global miner Rio Tinto lowered its forecast for shipments of iron ore in calendar 2017 by up to 10 million tonnes due to bad weather and ongoing work to modernize its rail haulage lines. Iron ore shipments were expected at 330 million tonnes, down from an earlier range of 330 million to 340 million tonnes, the world's number two producer of the steel making raw material said in its second-quarter production report.

    Mr Jean-Sebastien Jacques CEO said that "Iron ore shipments were impacted by an acceleration in our rail maintenance programme following poor weather in the first quarter.”

    Second-quarter iron ore shipments from Australia fell 6% from a year ago to 77.7 million tonnes, slightly below analysts' forecasts as Rio Tinto transitions to a driverless train network.

    First-half shipments totaled 154.3 million tonnes, indicating the company expects to pick up shipments in the remaining two quarters.

    Second-quarter production from its Australian mines dipped 1% to 79.8 million tonnes against the year ago period, Rio Tinto said.

    In other minerals, Rio Tinto cut its full year production target for hard coking coal to 7.2-7.8 million tonnes following a 14% fall in second-quarter production after a cyclone that swept across its collieries earlier this year.

    Source : Reuters
  14. forum rang 10 voda 20 juli 2017 17:28
    BHP to double potash demand by 2040

    Mining.com reported that world's largest mining company by market capitalization restated Monday its intentions to entering the crop nutrient market by accelerating its almost USD 13 billion Jansen project in Canada’s Saskatchewan.

    BHP's Paul Burnside said that "Potash demand sits at the intersection of inexorable mega trends ranging across demographics, economics, diet and the environment. For the producer of any commodity, such an intersection is exactly where you want to be."

    BHP believes demand for potash could double by the late 2040s, by which point it would be a AUD 50 billion market. Mr Paul Burnside said that That’s one of the reasons why we’re investing counter-cyclically to give ourselves the option to add it to our diversified portfolio of commodities.”

    The Melbourne, Australia-based miner had already said in May it could seek board approval for the Jansen mine as early as June next year, which would allow it to begin a AUD 4.7 billion first phase of production as early as 2023.

    To date, BHP has committed a total investment of AUD 3.8 billion to move Jansen into production. From that total, AUD 2.6 billion have been set aside for surface construction and the sinking of shafts, though analysts predict the total cost will be close to AUD 14 billion.

    Besides, BHP’s iron ore business brings in about AUD 9 billion a year, which doesn’t look like an easy target to match by any other division, particularly by potash, given current prices.

    But the company is looking long-term and has repeatedly stated it believes rising demand for fertilizer in growing nations, particularly China and India, will lead to a long-term price increase for the commodity.

    Mr Burnside said that “The basic rationale for rising potash consumption is quite simple. Not only is the total population continuing to grow, but at least three billion people are expected to join the global middle class by 2030.”

    More than 90% of the global demand for potash comes from agriculture and around 55 million tonnes of potassium chloride is applied as fertilizer annually. That is equivalent to 6kg per tonne of crop production, 40kg per hectare of harvested land or 7kg for each person on the planet.

    Source : Mining.com
  15. forum rang 10 voda 20 juli 2017 17:46
    36 mining permits approved in 2016 in Philippines

    Sun Star reported that a total of 36 mining permits were approved by the Mines and Geosciences Bureau-Davao Region for 2016. According to the released mining industry development program, out of this number, 22 are Mineral Processing Sharing Agreements, eight are Exploration Permits, five Joint Operating Agreements and one Industrial Permits.

    As per report Hall Mark Mining Corp in Mati, Davao Oriental and Holcim Philippines Inc in Bunawan, Davao City and Panabo City were each issued four MPSA permits each, each of them mining nickel and limestone minerals, respectively.

    Three MPSA permits were issued to Austral Asia-Link located at Mati, Davao Oriental, with nickel as the primary mining commodity. Apex Mining Company in Maco and Mabini, Compostela Valley was issued two MPSA permits. Philyoubang Mining International Corporation (molybdenite), Dabawenyo Mineral Corporation (molybdenite), Sinophil Mining and Trading Corporation (nickel), King Eagle Exploration and Mining Corporation (silver and gold), OroEast Mining Company (gold), Alsons Development Investment Corp (gold), Nadecor (gold), Napnapan Mineral Resources, Inc (gold), and the Core Mining Corp (copper and gold) were each issued one MPSA permit each.

    Companies issued Exploration Permits have copper and gold as their primary mining commodities such as Sagittarius Mines Inc in Kiblawan, Davao del Sur, Boston Mineral Management Corporation in Davao Oriental, Oz Metals Exploration and Mining Corporation in Mati, San Isidro, and Lupon, Davao Oriental, Agusan Metals Corporation in Compostela Valley Province, and the Agusan Petroleum and Mineral Corporation in Davao Oriental and Compostela Valley.

    The three companies were each issued two Explorative permits each. JOAs were issued to five gold-mining companies, including Pacominco, Black Stone Mineral, Mt. Sinai Mining Exploration and Development Corporation, Giant stone Mining Corporation, and JB Management Mining Corporation. Only the Horizon Concrete Group Inc., which is into sand and gravel mining, was given an industrial permit.

    Source : Sun Star
    Bijlage:
  16. forum rang 10 voda 20 juli 2017 17:50
    Rio Tinto releases second quarter production results

    Pilbara iron ore shipments were 77.7 million tonnes in the second quarter (100 per cent basis). Shipments were impacted by accelerated rail track maintenance.

    Iron ore shipments guidance for 2017 is around 330 million tonnes (previously 330 to 340 million tonnes). This takes into consideration first half production and further rail maintenance in the second half to improve track conditions.

    Record quarterly bauxite production of 12.9 million tonnes was seven per cent higher than the corresponding quarter of 2016, driven by strong production at Weipa and Gove. Third party shipments of 8.0 million tonnes were achieved in the second quarter.

    Mined copper production recovered compared to the previous quarter, however was six per cent lower than the second quarter of 2016 as Escondida continued to ramp up following a labour strike.

    Titanium dioxide slag production increased by 34 per cent compared to the second quarter of 2016, reflecting higher market demand.

    On 26 June 2017, Rio Tinto confirmed Yancoal Australia as its preferred buyer of Coal & Allied, after an improved offer from Yancoal of $2.69 billion. Rio Tinto shareholders have since approved the sale. The sale is expected to complete in the third quarter of 2017.

    Rio Tinto chief executive J-S Jacques said “This was a solid quarter for production, including record output at our bauxite operations. Iron ore production was in line with last year, although iron ore shipments were impacted by an acceleration in our rail maintenance programme following poor weather in the first quarter. We believe our focus on capital discipline, maximising cash flow from operations, driving productivity and portfolio shaping will continue to support the delivery of strong cash generation and shareholder returns.”

    Zie pdf:

    Source : Strategic Research Institute
    Bijlage:
  17. forum rang 10 voda 20 juli 2017 17:57
    Rio Tinto releases second quarter production results

    Pilbara iron ore shipments were 77.7 million tonnes in the second quarter (100 per cent basis). Shipments were impacted by accelerated rail track maintenance.

    Iron ore shipments guidance for 2017 is around 330 million tonnes (previously 330 to 340 million tonnes). This takes into consideration first half production and further rail maintenance in the second half to improve track conditions.

    Record quarterly bauxite production of 12.9 million tonnes was seven per cent higher than the corresponding quarter of 2016, driven by strong production at Weipa and Gove. Third party shipments of 8.0 million tonnes were achieved in the second quarter.

    Mined copper production recovered compared to the previous quarter, however was six per cent lower than the second quarter of 2016 as Escondida continued to ramp up following a labour strike.

    Titanium dioxide slag production increased by 34 per cent compared to the second quarter of 2016, reflecting higher market demand.

    On 26 June 2017, Rio Tinto confirmed Yancoal Australia as its preferred buyer of Coal & Allied, after an improved offer from Yancoal of $2.69 billion. Rio Tinto shareholders have since approved the sale. The sale is expected to complete in the third quarter of 2017.

    Rio Tinto chief executive J-S Jacques said “This was a solid quarter for production, including record output at our bauxite operations. Iron ore production was in line with last year, although iron ore shipments were impacted by an acceleration in our rail maintenance programme following poor weather in the first quarter. We believe our focus on capital discipline, maximising cash flow from operations, driving productivity and portfolio shaping will continue to support the delivery of strong cash generation and shareholder returns.”

    Zie pdf:

    Source : Strategic Research Institute
  18. forum rang 10 voda 20 juli 2017 19:39
    Mr Sanjeev Gupta plans to invest to overcome high energy costs

    Sydney Morning Herald reported that British industrialist Mr Sanjeev Gupta outlined some more of his hopes for the Arrium group of businesses during a visit to the sprawling OneSteel plant at Laverton North in Melbourne's west on Wednesday, where he met management, mingled with staff in high-viz gear in the cafeteria and toured the plant. Mr Gupta, who has closely followed the political debate in Australia about energy, said Australian energy costs were "very high" and could act as a deterrent. But he said his business planned to make investments to produce as much of its own energy as possible.

    He said "The cost of energy at this plant, where we're sitting, is too high. That needs to change. But we will change that ourselves, rather than looking to the government to change it.”

    Asked how he would address energy costs at Laverton North, he said: "By investing in our own energy, as we've done in the UK."

    Mr Gupta said the first energy priority at Whyalla in South Australia was to make investments so that more power was produced using waste gases from the plant.
    Business AM Newsletter

    "That waste gas can generate enough power to feed the rolling mills," he said. "That's priority number one."

    He has already flagged plans to generate pumped hydro electricity at Whyalla, by using disused mine pits in the area to store water, which would then be pumped as needed. This approach was likened to "using the pits as batteries", by the prominent British industrialist. GFG Alliance has also flagged possible investment in large-scale solar energy in South Australia.

    Source : Sydney Morning Herald
  19. forum rang 10 voda 20 juli 2017 19:52
    IMIDRO’s iron ore concentrate output in 3 months up by 37.6pct

    Financial Tribune reported that mineral companies affiliated with Iranian state mines and metals holding company, IMIDRO, produced 9.49 million tonne of iron ore concentrate in the first three months of the current Iranian year (started March 21), up 37.6% year-on-year.

    Some 7.79 million tonne of iron ore pellet–a 22.3% increase year-on-year–was produced in the same period, as well as 4.78 million tonne of direct reduced iron, marking a 12.6% rise.

    Crude steel output also increased sharply. Some 4.14 million tonne of crude steel was produced by Iran’s major mills, up 11.9%.

    Of the national total, Mobarakeh Steel Company produced 2.19 million tonne (a 14.5% increase), Khuzestan Steel Company 944,151 tonne (a 1.84% increase) and Esfahan Steel Company 529,953 tonne, 14.82% less YOY, S&P Global Platts reported.

    Some 1.359 million tonne of crude steel were produced in the latest Iranian month, 13.41% more than a year earlier.

    Iran hopes to boost steel production capacity to 55 million tonne/year by 2025 and aims to attract some $30 billion of foreign investment, according to IMIDRO Chairman Mehdi Karbasian .

    Source : Financial Tribune
    Bijlage:
  20. forum rang 10 voda 24 juli 2017 14:08
    Beursblik: vijfde meer winst verwacht voor ArcelorMittal

    Bedrijfsconsensus positief over ontwikkeling EBITDA.

    (ABM FN-Dow Jones) ArcelorMittal heeft in het tweede kwartaal van 2017 waarschijnlijk een hoger bedrijfsresultaat dan een jaar terug behaald. Dit bleek maandag uit een door het staalbedrijf bekendgemaakte analistenconsensus.

    Volgens de 23 geraadpleegde analisten kwam het bedrijfsresultaat (EBITDA) uit op 2.155 miljoen dollar. Dat is krap 22 procent meer dan in het tweede kwartaal van 2016, toen de EBITDA 1.770 miljoen dollar bedroeg.

    "Het tweede kwartaal zou een seizoensgebonden verbetering in volumes moeten laten zien in alle regio's, terwijl de onderliggende vraag gezond is gebleven", blikten analisten van Jefferies vooruit.

    De analisten stelden in hun rapport dat het tweede kwartaal een omgekeerd beeld zal geven ten opzichte van de eerste drie maanden, "toen sterke resultaten werden overschaduwd door zwakkere vooruitzichten voor prijzen en de economie".

    Analisten van Goldman Sachs wezen in een vooruitblik op het positieve momentum dat in het tweede kwartaal zichtbaar werd en rekenen dan ook op een "solide kwartaal".

    "Vooruitkijkend verwachten we dat de marktomstandigheden in het tweede kwartaal in het algemeen stabiel zullen zijn", zei CEO Lakshmi Mittal bij de laatste kwartaalcijfers van de staalreus. Mittal voegde daar aan toe dat de staalsector nog steeds last heeft van het dumpen van staal.

    Derde kwartaal

    Analisten verwachten dat de winstgevendheid in het derde kwartaal lager zal liggen, zoals gebruikelijk vanwege seizoensgebonden effecten. Volgens Jefferies zullen ook de marges iets lager liggen dan in het tweede kwartaal en zal de mijnbouwdivisie van ArcelorMittal de effecten ondervinden van de lagere grondstofprijzen.

    "We verwachten guidance voor een seizoensgebonden zwakker derde kwartaal, maar denken dat opmerkingen over de onderliggende vraag en de verwachtingen voor de staalprijzen positief zouden moeten zijn", schreven analisten van Goldman Sachs.

    De staalreus opent donderdag voorbeurs de boeken.

    Op een iets lager Damrak verloor het aandeel ArcelorMittal maandag 0,5 procent op 21,49 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
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