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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

  • 24,420 3 jun 2024 16:59
  • +0,260 (+1,08%) Dagrange 24,200 - 24,610
  • 2.383.958 Gem. (3M) 2,6M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 866 867 868 869 870 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 28 september 2018 16:56
    Malaysian steel demand to slow down this year - Misif

    The Sun Daily reported that the Malaysian Iron & Steel Industry Federation (Misif) is seeing a slowdown in steel demand this year due to the review of infrastructure projects by the government. Misif president Datuk Lim Hong Thye has estimated a 5% slowdown in the demand for construction steel this year. He said “This year, we see steel demand slowing mainly because of our domestic issues. The government is reviewing infrastructure projects, which slows down demand. The direct impact from US President Donald Trump’s actions is not that serious on the slowdown in steel demand.”

    He said many steel producers have prepared for the expected growth in domestic demand this year but suddenly demand slowed, causing producers to turn to export. Lim hoped that local demand can increase as domestic sales provide the highest margin to producers, saving from shipping and logistics costs compared with export.

    He said ”While businesses are cautious and adopting a wait-and-see approach from the forthcoming Budget 2019, we hope that mega government-led infrastructure development and property projects can be approved for commencement soon, as catalyst for a buoyance steel consumption in the country. The third national car project to build a regional automobile also adds optimism to the steel sector as well.”

    Malaysia’s steel consumption was 9.4 million tonnes in 2017. Misif is optimistic that the country can achieve higher growth beyond the “physchological threshold” of 10 million tonnes, a mark that Malaysia consistently achieved for three years prior to 2017. Malaysia’s steel consumption is projected to grow to 11.7 million tonnes and 12.4 million tonnes by 2020 and 2025 respectively, amid global challenges and disruption.

    Source : The Sun Daily
  2. forum rang 10 voda 28 september 2018 17:03
    China plans to launch iron ore options in 2019

    Reuters reported that China aims to launch iron ore options next year, a source with direct knowledge of the matter said, as the world's top buyer of the steelmaking raw material looks to offer more hedging tools to iron ore producers and steelmakers. China's plan follows the opening of its iron ore futures to foreign investors in May, and would challenge iron ore options in Singapore, where the bulk of global trades is concentrated, as well as in New York. The source told Reuters "The Dalian Commodity Exchange is still working on preparations for the iron ore options. But it won't take too long and could be launched by the end of 2019 at the latest," declining to be identified as the plan has not been approved by market regulators.

    The Dalian Commodity Exchange and the China Securities Regulatory Commission did not immediately respond to faxed requests for comment.

    As a hedging tool, options would allow iron ore traders, miners and steel mills to manage price exposure, giving the buyer the right - but no obligation - to assume a futures position at a specified price.

    The ability to carry out hedging trades could encourage more primary users to take part in the iron ore futures market, which traders say has been dominated by speculative investors who have deserted the market recently amid stagnant prices.

    Iron ore options are mainly traded on the Singapore Exchange, with 1.77 million contracts, equal to 176.8 million tonnes, traded in January to August, exchange data showed. New York-based CME Group Inc also offers iron ore options.

    The Dalian Commodity Exchange (DCE) allowed foreign investors to directly trade iron ore futures for the first time in May, hoping the most liquid iron ore derivative in the world would benefit from more institutional investors.

    Source : Reuters
  3. forum rang 10 voda 28 september 2018 17:05
    New Ball plant in Spain

    Ball Corporation has inaugurated a new production plant in Spain located in Cabanillas del Campo, Guadalajara. With this new factory, which represents for Ball a significant investment of more than 100 million euros, the company expands its presence in Spain, where it already has another production facility located in La Selva del Camp (Tarragona). The plant’s capacity is contracted to existing Ball customers. With two production lines and an annual capacity 1.6 billion units, the plant will produce aluminium speciality cans. Cabanillas is a state-of-the-art, sustainable beverage can manufacturing facility, which uses 15 percent less energy and 22 percent less water compared to an average plant. It produces STARcan, Ball’s most metal-efficient can, a next-generation can which leverages the company’s technology and weight-optimisation know-how.

    Commenting on the plant, Daniel W. Fisher, senior vice president and chief operating officer, Global Beverage Packaging, says, “We aim to build strong, durable relationships with our customers. Our investment in this state-of-the-art facility in Cabanillas demonstrates our goal to support customers in Spain and in Southern Europe with their growth ambitions. In addition, the plant illustrates our commitment to sustainable operations, and our vision of making the can the most sustainable package. Ball is proud to have built this plant in Spain, and we welcome Cabanillas to our worldwide network.”

    Source : Strategic Research Institute
    Bijlage:
  4. forum rang 10 voda 28 september 2018 17:07
    Demolition market firms up, as ship owners are offloading more old vessels - Clarkson Platou Hellas

    Mr Nikos Roussanoglou of Hellenic Shipping News Worldwide wrote, the ships’ demolition market has increased in activity and sales over the course of the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “last week has shown further improvements with the markets remaining positive in India as it emerges from its recent currency woes and surprisingly emerging as the firmest market in the sub-continent. With demand increasing from the waterfront this has obviously improved the sentiment amongst Cash Buyers, but to what extent however with some Cash Buyers seemingly paying questionable prices on the limited tonnage that has been on offer. It will be interesting to see if these speculative acquisitions prove fruitful in the long term or is it just some buyers utilising their funding and credit lines. The time to tell is when these units are actually committed to the recyclers. However the optimism coming from the cash buying community has not been seen since before the summer and with only a few available vessels for sale, the demand far outweighs the supply for buyers and this may be the main contributor to the prices being offered, some cash buyers speculating on the forward market. This could prove to hold the market firm for the coming months and enable the market to remain strong until the New Year”, Clarkson Platou Hellas noted.

    In a separate note, Allied Shipbroking talked about “a relatively quiet week in the demolition market, with few notable transactions being reported. In the dry bulk sector, we saw a couple of fairly vintage Handysize vessels being sent to be scraped in India and Bangladesh respectively. Meanwhile, an 18 year old VLCC was booked to be beached for a price of US$ 450 per ton and a 28 year old MR2 was fixed by Indian breakers at an undisclosed price. The rest of units reported for demolition were mainly from other sectors, while all were aged 35 years plus. The Indian market seems to be very active over the past few weeks, taking up the head position both in terms of volume as well as in terms of offered prices, mainly thanks to steel prices holding stable for now and with the local currency showing signs of stabilizing. Meanwhile, sluggish interest is currently being seen from Bangladeshi and Pakistani breakers. However, with all the breakers yards in Pakistan having received the relevant cutting permissions, there is now an overall expectation that we will see revamped activity over the following weeks. Regarding prices, it seems as though Turkish breakers are slowly finding a stable footing once more, with some recovery in offered levels being reported right now”.

    Meanwhile, GMS, the world’s leading cash buyer said that “following some of the extraordinarily speculative sales from last week, which saw several tankers (including VLCCs) concluded at numbers that are completely disconnected from present day subcontinent realities, the speculative theme (surprisingly) continued on this week, with further wild Cash Buyer moves. Bangladeshi steel plate prices have bounced back by USD 20/LDT whilst Indian plate prices fell about USD 12/Ton overall, adding to the ongoing currency woes that the Rupee is struggling from. As such, some of the prices witnessed on various vessels remain far ahead of where markets are presently at. As speculated last week, this could be certain Cash Buyers looking to put their new / recent access to funding to work and they are seeking to secure large LDT vessels at whatever cost, in order to park that money. Certainly, overall demand in the subcontinent markets is ripe with an extremely muted summer having just passed – particularly in India and Pakistan, where local port reports remain starved for tonnage (as compared to a recently rampant Bangladesh).

    Moreover, most of the tanker units beached in Pakistan since the market’s reopening back in April have yet to even commence cutting and this would certainly explain a lack of local arrivals over the summer months, with very few dry vessels currently on offer. Bangladesh has also seen 5 VLCCs arrive over the last few tides (as the total number sold for the year creeps towards 40) and with the ongoing L/C problems being faced, there are very few open and capable end Buyers in Chittagong left to take on much more of the large LDT tonnage that continues to be introduced into the markets. Finally, as China languishes in absentia, Turkey continues to firm as local offerings make a small jump this week” GMS concluded.

    Source : Nikos Roussanoglou, Hellenic Shipping News Worldwide
  5. forum rang 10 voda 28 september 2018 17:23
    Schnitzer provides preliminary results for fourth quarter of fiscal 2018

    Schnitzer Steel Industries Inc announced preliminary results for its fourth quarter of fiscal 2018 ended August 31, 2018. Schnitzer expects fourth quarter earnings per share from continuing operations to be in the range of $0.95 - $1.00 and adjusted earnings per share to be in the range of $0.93 - $0.98. For the fourth quarter of fiscal 2017, reported earnings per share from continuing operations were $0.65 and adjusted earnings per share were $0.63. The ranges for the Company’s preliminary results for its fourth quarter of fiscal 2018 do not include a potential discrete non-cash tax benefit associated with the realizability of certain deferred tax assets, which is still under review. For a reconciliation of adjusted results to U.S. GAAP, see the table provided in the Non-GAAP Financial Measures section.

    For the fourth quarter of fiscal 2018, Auto and Metals Recycling (AMR) is expected to report operating income in the range of $32 million - $34 million, or operating income per ferrous ton of $31 - $33, compared to operating income of $24 million, or operating income per ferrous ton of $28, in the same period of the prior year. On a sequential basis, operating performance in the quarter is expected to be adversely impacted by a decline in ferrous and nonferrous selling prices, the effect of average inventory accounting and seasonally lower retail revenues, partially offset by benefits of higher ferrous and nonferrous sales volumes, reduced purchase costs for raw materials and our continued focus on productivity, including nonferrous processing improvements. Compared to last year’s fourth quarter, average ferrous net selling prices are expected to increase approximately 23% and ferrous sales volumes are expected to be approximately 19% higher. Average nonferrous net selling prices are expected to increase approximately 8% from the prior year quarter, and nonferrous sales volumes are expected to be 11% higher. AMR’s expected higher fourth quarter performance compared to the prior year is driven primarily by expanded metal spreads, increased ferrous and nonferrous selling prices and volumes, and benefits from commercial initiatives, partially offset by higher selling, general and administrative expense due primarily to higher employee-related expenses and an adverse impact from average inventory accounting of $5 million, compared to a benefit of $3 million in the same period of the prior year.

    Cascade Steel and Scrap (CSS) is expected to generate operating income of approximately $14 million in the fourth quarter of fiscal 2018, reflecting a significant improvement from the fourth quarter of fiscal 2017 operating income of $8 million. CSS’s average finished steel selling prices are expected to increase approximately 31% year-over-year. Finished steel sales volumes are expected to decrease approximately 14% compared to the prior year fourth quarter due primarily to lower production as a result of planned maintenance, including rolling mill upgrades aimed at improving productivity. The expected improvement in CSS operating performance is primarily driven by higher average net selling prices for finished steel products which significantly outpaced increases in the cost of steelmaking raw materials, higher export sales volumes and continued benefits of productivity improvements from the integration of our Oregon metal recycling and steel manufacturing operations.

    For fiscal 2018, total ferrous volumes, including external sales by AMR and CSS, and transfers to our steel mill, are expected to increase by 17% compared to fiscal 2017. AMR’s operating income per ferrous ton is expected to be $46 for fiscal 2018 compared to operating income per ton of $29 for fiscal 2017.

    Consolidated financial performance in the fourth quarter of fiscal 2018 is expected to include Corporate expense of approximately $11 million, an increase of $1 million compared to the prior year quarter. For the fourth quarter of fiscal 2018, the Company’s effective tax rate is expected to be an expense of approximately 20%. This rate for the Company’s preliminary results for its fourth quarter does not include a potential discrete non-cash tax benefit associated with the realizability of certain deferred tax assets, which is still under review.

    For the fourth quarter, the Company expects to report operating cash flow in the range of $100 million - $105 million. Total debt was $107 million as of August 31, 2018, and debt, net of cash, was $103 million (for a reconciliation of debt, net of cash, see the table provided in the Non-GAAP Financial Measures section). This represents a total debt reduction of $65 million, or 38%, compared to May 31, 2018. Pursuant to its ongoing authorized share repurchase program, the Company repurchased a total of 250,000 shares of its Class A common stock in open market transactions during the fourth quarter, bringing share repurchases for fiscal year 2018 to 516,013 shares.

    Source : Strategic Research Institute
  6. forum rang 10 voda 1 oktober 2018 16:29
    Nieuwe topman ThyssenKrupp

    (ABM FN-Dow Jones) Guido Kerkhoff wordt de nieuwe CEO van ThyssenKrupp. Dat maakte het Duitse staalbedrijf zondag bekend.

    Kerkhoff was sinds juli al interim-CEO, maar behoudt nu dus zijn functie permanent. Hij was eerder financieel topman bij het Duitse bedrijf.

    ThysssenKrup maakte ook bekend dat de raad van commissarissen akkoord is gegaan met het plan om het bedrijf op te splitsen in twee beursgenoteerde entiteiten.

    Eén bedrijf gaat zich richten op staal- en materialen en het andere op alle andere activiteiten van de groep.

    Bernhard Pellens, lid van de raad van commissarissen, is bij ThyssenKrup benoemd tot voorzitter van de RvC.

    Thyssenkrupp wil nog steeds een financieel directeur en twee leden van de raad van commissarissen aanstellen.

    Door: ABM Financial News.
    info@abmfn.nl
    Redactie: +31(0)20 26 28 999

    © Copyright ABM Financial News B.V. All rights reserved
  7. forum rang 10 voda 1 oktober 2018 16:33
    Miljardeninvestering Rio Tinto in ijzerertsprojecten Australië

    (ABM FN-Dow Jones) Rio Tinto en twee Japanse partners gaan in totaal 1,55 miljard dollar investeren in twee joint venture ijzerertsprojecten in de afgelegen Pilbara-regio in West-Australië. Dat maakte het mijnbouwbedrijf bekend.

    Rio Tinto gaat samen met Mitsui en Nippon Steel & Sumimotomo Metal 967 miljoen dollar investeren in het nieuwe Robe Valley project en 579 miljoen dollar in het al bestaande West Angelas project.

    Volgens Rio Tinto zal met de investeringen de productie op peil blijven van het ijzererts Pilbara.

    Door: ABM Financial News.
    info@abmfn.nl
    Redactie: +31(0)20 26 28 999

    © Copyright ABM Financial News B.V. All rights reserved
  8. forum rang 10 voda 2 oktober 2018 20:13
    thyssenkrupp paves the way for new strategic set-up

    The Supervisory Board of thyssenkrupp AG has unanimously agreed the Executives Board’s proposal to divide the group into two separate companies. Going forward, the industrial goods and the materials businesses shall be managed as independent, listed companies with direct access to the capital markets. The Executive Board has been asked to prepare the details of the transaction in the coming months. In this context, the Supervisory Board unanimously appointed Guido Kerkhoff (50) as CEO. Kerkhoff obtains a new five-year contract and will thus permanently take over the management of the group. The contract of CHRO Oliver Burkhard (46) has also been renewed and now also runs until 30 September 2023. The contract of Dr. Donatus Kaufmann (56) had already been extended last year until 31 January 2022. It is planned to add a CFO to the Executive Board in the future.

    The Supervisory Board of thyssenkrupp AG also unanimously elected Prof Dr Bernhard Pellens (62) as Chairman of the Supervisory Board. Pellens will succeed Prof. Dr. Ulrich Lehner (72), who resigned from the Supervisory Board at his own request on 31 July 2018. Since then, Markus Grolms (47), Deputy Chairman of the Supervisory Board of thyssenkrupp AG, had managed the Supervisory Board’s affairs.

    Bernhard Pellens has been a member of the Supervisory Board of thyssenkrupp AG since 2005. He is a Professor of Business Administration and International Accounting at the Ruhr University Bochum and Honorary Professor at Tongji University Shanghai. Pellens is Vice President of the Schmalenbach-Gesellschaft Business Economics Society.

    The Nomination Committee is continuing its structured process to search for the two remaining Supervisory Board mandates.

    Source : Deccan Chronicle
  9. forum rang 10 voda 2 oktober 2018 20:16
    It’s time to tap benefits from the improving steel scenario- SAIL Chairman Anil Chaudhary

    Steel Authority of India Ltd Chairman Mr Anil Chaudhary after assuming the charge has initiated establishing direct communication with employees to pave the way for SAIL’s resurgence and to communicate immediate priorities. SAIL Chairman underlining his immediate priorities asked the steel collective to make safety an organizational priority, maximize profit from capital investment, achieve all production targets with special focus on rail, structurals and techno-economics, strengthen preventive maintenance processes and stabilize operations through logistics, maintain consistent focus on customers, develop digital priorities and capabilities to achieve new heights in the future, promote talent in the entire organization, implement organizational policies for enhancing and employee satisfaction and prepare the organization for country’s future requirements.

    Mr Chaudhary has initiated this communication from SAIL Bhilai Steel Plant. During his Bhilai visit on September 29, 2018, Mr Chaudhary said that fulfilling the rail requirements of Indian Railways is our highest priorities. While boosting rail production, he urged the Bhilai collective to achieve rail production of 12 lakh tonnes this year. Along with this he said, "We have to meet the current market competition and get business advantage. For this, there is a need to achieve profitability by minimizing the cost of production per tonne of production, for which special emphasis has to be given on production from modernized units."

    While emphasizing on increasing the production from SAIL’s new facilities such as Steel Melting Shop-3 and Bloom Caster- 3, Mr Chaudhary said that "Currently, the steel industry is going through a better phase, and this is the time to take maximum advantage of this opportunity.”

    Source : Strategic Research Institute
  10. forum rang 10 voda 2 oktober 2018 20:17
    RINL posts loss of INR 1, 369 crores for 2017-18

    Business Line reported that Rashtriya Ispat Nigam Limited has posted loss of INR 1,369 crores on a turnover of INR 16,618 crores during 2017-18. However, the company has achieved net profit in quarter one of the current year. RINLCMD Mr PK Rath told the shareholders that the company recorded growth in all major areas of production during 2017-18, with a growth of 17% in saleable steel. The company registered sales turnover of INR 16,618 crore with a growth of 31%. However, the company incurred a net loss of INR1,369.01 crore compared to INR 1,263.16 crore in the previous year, mainly on account of a provision of INR.541.05 crore towards the gratuity liability, subsequent to the amendment to the Gratuity Act.

    The annual general meeting of the company, held here on Saturday, reviewed the performance of RINL during the last financial year.

    Source : Business Line
  11. forum rang 10 voda 2 oktober 2018 20:18
    Tata Steel to hike Bhushan Steel output to 4 million tonnes

    PTI reported that after acquiring debt-laden Bhushan Steel through the insolvency and bankruptcy process, Tata Steel is now aiming to raise its production to 4 million tonnes by the fiscal end. Bhushan Steel’s Odisha plant is currently operating at 3.5 million tonnes against a capacity of 5 million tonnes. An official, who is part of the new team formed by Tata Steel, told PTI “The Bhushan plant in Odisha has a capacity of 5 million tonnes t but is currently operating at 3.5 million tonnes. We are working to raise the production at least to a level of 4 million tonnes a year by March 2019 as demand remains robust.”

    The official added “Though Bhushan Steel will continue to be operated as a standalone outfit for the time being, a change of name is imminent to make it resemble as a Tata company. The new management will be leveraging and complementing the marketing strengths of Tata Steel.”

    Tata Steel had earlier said there were a lot of synergies in taking over Bhushan Steel. It took almost a decade for Tata Steel to build a 3 million tonnes plant at Kalinganagar, while the takeover of Bhushan Steel has offered the steel major a readily available 5 million tonnesT plant.

    Source : PTI
  12. forum rang 10 voda 2 oktober 2018 20:18
    EC launches antitrust review of Tata Steel ThyssenKrupp steel deal

    Financial Times reported that Brussels has started the clock on a review of the European steel operations merger of Tata Steel and ThyssenKrupp, a landmark deal that would create Europe’s second largest steel producer. Europe’s competition commission opened its initial investigation into the tie-up on Tuesday and will need to decide by 10 October to either approve it or launch an in-depth probe. The investigation will examine how the deal could cut competition and may require the sale of assets in areas where the two companies have significant overlap.

    Tata Steel and ThyssenKrupp will join their steelmaking operations on the continent to create a 50-50 joint venture with EUR 17 billion in revenues and 48,000 employees. TK-Tata would control roughly 27 per cent of the European market for flat steel, behind ArcelorMittal with 38 per cent. Problems are most likely to come in the speciality and niche product areas where the combined group would be strongly dominant, such as tin-plate for food packaging and electrical steels.

    Source : Financial Times
  13. forum rang 10 voda 2 oktober 2018 20:19
    IIT BHU IRMA Centre of Excellence in Refractories signs a MoU for boosting R&D

    Economic Times reported that the Advanced Research Centre for Iron and Steel and the IIT-BHU IRMA Centre of Excellence in Refractories at the Indian Institute of Technology, Banaras Hindu University have announced a strategic tie up to boost the R&D efforts aimed at maximising the production capabilities of the steel industry. The move is expected to create a synergy between then refractory and steel industries and help achieve the country's ambitious target of producing 300 milllion tonne of steel per annum by 2030. Apart from steel, the lab will also be used for other industries such as cement, aluminium and glass etc. Refractory products used in all high-temperature processes in production of aluminium, cement, glass and ceramics. The steel industry is one of the biggest consumers of refractory products accounting for nearly 75% of the total production.

    Dr Devendra Kumar, Head of Department, Ceramics, IIT, BHU said “Steel industry will benefit from a collaborative approach with key ally industries such as refractory industry as well as academia. I am sure it will open up many new opportunities for mutual learning and improving the final product which stands out in a highly competitive global market".

    Source : Economic Times
  14. forum rang 10 voda 2 oktober 2018 20:20
    EC launches probe on imports of hollow sections, welded tube and pipe steel from Macedonia, Russia and Turkey

    The European Commission has launched an antidumping investigation into imports of hollow sections, welded tube and pipe steel from Macedonia, Russia and Turkey. The complaint was lodged on 14 August 2018 by the Defence Committee of the welded steel tubes Industry of the European Union on behalf of producers representing more than 40 % of the total Union production of hollow sections. The product subject to this investigation is welded tubes, pipes and hollow profiles of square or rectangular cross-section, of iron other than cast iron or steel other than stainless, but excluding line pipe of a kind used for oil or gas pipelines and casing and tubing of a kind used in drilling for oil or gas. The products concerned currently fall under CN codes 7306 61 92 and 7306 61 99.

    The investigation of dumping and injury will cover the period from 1 July 2017 to 30 June 201. The examination of trends relevant for the assessment of injury will cover the period from 1 January 2015 to the end of the investigation period.

    Provisional measures may be imposed no later than seven months from the initiation of the investigation.

    Source : Strategic Research Institute
  15. forum rang 10 voda 2 oktober 2018 20:21
    Harsco renews services contract with British Steel

    Harsco Corp announced that its Metals & Minerals division has successfully renewed a multi-year services contract with British Steel, a leading manufacturer of rail, construction steel, special profiles and wire rod. Under this contract, Harsco will provide slag management, briquetting, slab handling, coke crushing and other services at the Scunthorpe plant. Harsco has provided onsite steel plant services to British Steel for more than 30 years.

    Russ Mitchell, Harsco Metals & Minerals Chief Operating Officer, said “The renewal demonstrates Harsco’s ability to deliver both innovative solutions and excellent service to its customers. This important renewal reflects our customers’ confidence and trust in our long-standing commitments to quality, safety and employee care. Our team has been working very closely with British Steel since the acquisition of the Scunthorpe Steel Works in June 2016 to develop an innovative partnership that brings benefits to both parties. This agreement will serve to strengthen our partnership which is so important to our local community.”

    British Steel Services Procurement Manager Ann Liddall pointed to Harsco’s innovation and close partnership as instrumental in their selection criteria.

    Source : Strategic Research Institute
  16. forum rang 10 voda 2 oktober 2018 20:22
    US sets final AD on HR steel from Brazil after review

    The US Department of Commerce published the final results of the administrative review of the anti-dumping duty order on certain hot-rolled carbon steel flat products from Brazil. The review covered 6 producers or exporters: Aperam South America, ArcelorMittal Brasil, Companhia Siderurgica Nacional, Companhia Siderurgica Suape, Marcegaglia do Brasil, Usinas Siderurgicas de Minas Gerais SA. DOC determined that certain hot-rolled carbon steel flat products from Brazil are being, or are likely to be, sold at less than normal value during the period of review. Therefore, DOC maintained the final dumping margin of 34.28% as well as the cash deposit rate adjusted for export subsidies - at 30.21% for all of them, as it was determined under the preliminary stage, according to the official statement. DOC will instruct US Customs and Border Protection to assess antidumping duties on all appropriate entries.

    The administrative review covered the period from March 22, 2016, to September 30, 2017.

    Source : Strategic Research Institute
  17. forum rang 10 voda 2 oktober 2018 20:23
    Megasa workers to continue strikes at least till November

    Workers of Megasa longs plant in Zaragosa (Megasider) continue strikes as they failed to reach an agreement with the company management. Megasa failed again to agree on wages and the working time with Megasider's workers after 8 months of protests. The group proposed to pay monetary compensation if the workers stop the strike, according to the local sources. However, if the agreement between parties is not reached in four months the workers would have to return the payment. Proposed conditions were considered very inadequate by unions so the strike will continue at least till November.

    Protests at Megasider started in January 2018 when the labour contract signed by workers and ArcelorMittal, the former owner of the plant, expired. Workers have been stopping production at the plant for two hours per shift every day.

    Source : Strategic Research Institute
  18. forum rang 10 voda 2 oktober 2018 20:24
    Indonesia stops anti dumping investigation on colour coated steel products from Vietnam

    Bizhub reported that the Komite Anti-Dumping Indonesia under the Indonesia’s Ministry of Trade announced the termination of an anti-dumping investigation on colour-coated steel products imported from Viet Nam. According to the Trade Remedies Authority under the Viet Nam’s Ministry of Industry and Trade, on June 7, the KADI determined that steel sheet imports from Viet Nam were dumped into Indonesia at between 12.01 per cent and 28.49 per cent of the Indonesian market and caused significant injury to the domestic steel industry. Based on this conclusion, the Indonesian Trade Security Committee proposed the application of anti-dumping measures on Vietnamese colour-coated steel products for a five-year period. KADI initiated the dumping investigation on December 23, 2016.

    KADI said that from July 2015 to June 2016, Indonesia imported 224,120 tonnes of colour-coated steel, of which 196,191 tonnes came from Viet Nam and China, accounting for 87.5 per cent of the country’s total steel imports.

    On January 9, 2018, KADI announced a statement of essential facts on the anti-dumping investigation and asked relevant sides to give comments on the statement. Indonesia held a public hearing on the anti-dumping investigations on January 26, 2018.

    A representative from the Trade Remedies Authority of Viet Nam said that after considering impacts of anti-dumping measures to the socio-economy, KADI decided to terminate the investigation and not to apply anti-dumping duties on Vietnamese colour-coated steel.

    Source : Bizhub
  19. forum rang 10 voda 2 oktober 2018 20:25
    Canada finds injury from corrosion resistant flat steel imports from China, Taiwan, India and South Korea

    The Canadian International Trade Tribunal announced its preliminary determination in the injury inquiry against imports of corrosion-resistant flat-rolled steel sheet products of carbon steel from China, Taiwan, India and South Korea. CITT found that the dumping of the above-mentioned products have caused or is threatening to cause injury to the domestic industry. CITT started the injury inquiry following Canada Border Services Agency’s initiation of the alleged dumping investigation on May 26 in response to a petition filed by local steelmaker ArcelorMittal Dofasco G.P, also supported by Stelco Inc.

    The investigation covers corrosion-resistant flat-rolled steel sheet products of carbon steel, including products alloyed, in coils or cut lengths, in thicknesses up to 0.168 inches (4.267 mm) and widths up to 72 inches (1.828.8 mm).

    Source : Strategic Research Institute
  20. forum rang 7 mvliex 1 4 oktober 2018 14:35
    4-10-2018 13:49:15
    ArcelorMittal richt joint venture op met Novafer

    (ABM FN-Dow Jones) ArcelorMittal gaat een joint venture oprichten met Novafer voor het onderhoud van treinwagons in het Franse Florange. Dit meldde de Franse staalreus donderdag.

    De joint venture, SteelWag genaamd, zal de onderhoudsactiviteiten die voorheen werden uitgevoerd door GEPOR, een dochteronderneming van ArcelorMittal, overnemen.

    De twee partners hebben elk een belang van 50 procent in de nieuwe joint venture.

    ArcelorMittal noteerde donderdag op een rood Damrak 0,5 procent hoger op 27,20 euro.

    Door: ABM Financial News.
    info@abmfn.nl
    Redactie: +31(0)20 26 28 999
    © Copyright ABM Financial News B.V.
35.173 Posts
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