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

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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,970 7 mei 2024 17:35
  • -0,380 (-1,56%) Dagrange 23,690 - 24,300
  • 3.131.701 Gem. (3M) 2,6M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 970 971 972 973 974 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 18 april 2019 14:45
    Dillinger Group announces result for 2018 financial year

    Dillinger Hüttenwerke CEO Mr Tim Hartmann said that “The Dillinger Group is struggling mightily with the structural problems in the heavy plate market, coupled with strong pressure on volumes and prices. As a result, the financial year was marked by a decline in shipments. Nonetheless, thanks to the revenue increases achieved, it was possible to compensate for the pressure on margins and increase consolidated sales by 3.7 %. The Group achieved positive earnings figures in the 2018 financial year but these still fell short of our expectations. The heavy plate business continued in 2018 to be highly competitive for European manufacturers and capacity utilization at the Eurofer plants fell again (63 %), as did overall heavy plate production. The EU steel pipe sector suffered a significant decline in activity especially in the large-diameter pipe industry, due to a lack of pipeline projects, and in the offshore wind sector, due to project postponements. In contrast, the business situation in the machine manufacturing and construction industries was very good. While exports to third countries declined, imports to the EU remained at a high level. Considering the level of the reference quantity (average of imports from 2015 to 2017), the safeguard measures introduced by the EU have remained rather ineffective for the heavy plate market in the current market situation.”

    2018 Highlights

    Production at the rolling mills in Dillingen and Dunkirk, at the wholly owned subsidiary Dillinger France, declined by 6.5 % to 1.910 million tonnes, compared with 2.043 million tonnes in 2017

    Thanks to an increase in revenues, consolidated revenues improved by 3.7 % to EUR 2.202 billion (previous year: EUR 2.122 billion), despite a decline in unit sales

    Consolidated EBITDA amounted to EUR 178 million (2017: EUR 210 million) and EBIT were EUR 55 million (2017: EUR 87 million)

    Investments in the Dillinger Group amounted to EUR 54 million (2017: EUR 58 million). Of the EUR 90 million in investments decided for Dillinger and Saarstahl in autumn 2018, EUR 48 million will go solely towards improving environmental protection at the Dillingen site

    At the end of the financial year, 4,919 people were employed at the Dillingen site (31 Dec. 2017: 4,932). These employees worked at Dillinger itself, at Zentralkokerei Saar GmbH, and at ROGESA Roheisengesellschaft Saar mbH. A total 7 310 people are employed by the Dillinger Group (2017: 7.341)

    Mr Tim Hartmann, describing the outlook for the current financial year said that “The challenges in the heavy plate market continue to be serious and our forecasts for 2019 at Dillinger are cautious. We therefore anticipate a slight decline in unit sales and Group sales. Systematic advancement and intensification of cost-cutting measures and efforts to increase efficiency are imperative if noticeable effects are to be generated already in 2019. Our customers value our know-how as well as our quality and service. The joint strategy process already initiated for Dillinger and Saarstahl will be used to ensure that we continue to develop in line with the needs of our customers worldwide and are consistent in our harnessing of new growth potential. Dillinger steel is making an important contribution to shaping the energy transition.”

    Source : Strategic Research Institute
  2. forum rang 10 voda 18 april 2019 14:46
    US DoC issues affirmative preliminary AD determination on steel wheels from China

    The US Department of Commerce announced the affirmative preliminary determination in the antidumping duty investigation of imports of steel wheels 12 to 16.5 inches in diameter from China, finding that exporters from China have been dumping certain steel wheels in the United States at margins ranging from 38.27 to 44.35 percent. As a result of today’s decision, Commerce will instruct U.S. Customs and Border Protection to collect cash deposits from importers of certain steel wheels from China based on these preliminary rates. In 2017, imports of certain steel wheels from China were valued at an estimated USD 87.2 million. The petitioner is Dexstar Wheel, a division of Americana Development, Inc.

    Commerce is scheduled to announce the final determination on or about July 2, 2019.

    If Commerce’s final determination is affirmative, the US International Trade Commission will be scheduled to make its final injury determination on or about August 15, 2019. If Commerce makes an affirmative final determination of dumping and the ITC makes an affirmative final injury determination, Commerce will issue an AD order. If Commerce makes a negative final determination of dumping or the ITC makes a negative final determination of injury, the investigation will be terminated and no order will be issued.

    Source : Strategic Research Institute
  3. forum rang 10 voda 18 april 2019 14:46
    Steel industry should adopt IS 4.0 to improve quality - MECON CMD Mr Bhatt

    Daily Pioneer quoted Chairman and Managing Director MECON Mr Atul Bhatt as saying that “Industry 4.0 means ‘change’, I am sure that Industry 4.0 will produce the concept of smart production and predictive maintenance of plant equipment, in order to minimize down time. It shall also address the concept of bringing cloud computing, data analytics and artificial intelligence in Indian steel industry. Industry 4.0 is more a philosophy, an attitude, perhaps a framework for action. He added that “Primetals, is one the pioneer in innovation, Information Techonology and automation solution providers for steel industry. In the future, perspective of steel industry needs to be on Together we can.”

    MECON Limited in association with Primetals Technologies conducted a workshop on Industry Standard 4.0 for Steel Industry at MECON Community hall, Shyamali Ranchi. This workshop highlighted Industry 4.0, the current trend of automation and data exchange in manufacturing technologies which includes cyber-physical systems, Internet of things, cloud computing and cognitive computing.

    Source : Daily Pioneer
  4. forum rang 10 voda 18 april 2019 16:09
    Nucor Tublar investing USD 27 million to Lawrence County Plant

    A steel-manufacturing company is investing more than USD 27 million into their Lawrence County facility. Nucor Tubular Products announced the multi-million dollar expansion to the Trinity plant located at the Mallard Fox West Industrial Park, and more jobs are coming with it. Lawrence County Industrial Board President Tabitha Pace said "Huntsville has announcements every day and communities around us have announcements a lot. Anytime there is an announcement like this, we are very excited and encouraged by the growth of these companies."

    The USD 27.2 million expansions will provide new equipment and create 35 high-paying jobs. New production, finishing, processing and packaging equipment will immediately go to the plant.

    The Trinity facility is just one of eight plants the company runs across the country. The new jobs at Nucor Tubular will be rolled in over the next three years.

    Source : WAAY TV
  5. forum rang 10 voda 18 april 2019 16:10
    AK Steel Butler worker union rejects contract offer

    Butler Eagle reported that the labour union at AK Steel’s mill in Butler voted overwhelmingly to reject a contract Monday night. Various UAW Local 3303 members confirmed that 80% of members voted against a tentative contract. Changes in health insurance premiums, deductibles and co-pays were causes for frustration for members, who said a 75 cents per hour raise for the contract’s three years falls far short of the rising health costs.

    Mr Sam Doctor, a crane operator and active union member from Butler Township, said the contract offered by the company was insulting, given the company and steel industry’s recent success. He said “We worked for years during the recession to make things work. Now that we’re making money, they want to come to the table and ask for more concessions.”

    Ms Lisa Jester, a spokeswoman for AK Steel, confirmed the vote Tuesday and said that the existing contract will remain in effect. She said “Both parties have agreed to continue to negotiate and during this time, the terms of the existing contract will remain in effect.”

    The contract previously covering workers at the mill expired Tuesday.

    Source : Butler Eagle
  6. forum rang 10 voda 18 april 2019 16:12
    Tata Steel Bara Tertiary Treatment Plant wins Industrial Water Project of the Year 2019 Award

    Tata Steel Bara Tertiary Treatment Plant has won the prestigious ‘Industrial Water Project of the Year 2019’ Award by the Global Water Intelligence. Dr. Mireille Rack, Life Cycle Assessment Specialist from Tata Steel Europe received the award on behalf of Tata Steel at an event held at Natural History Museum, London on Tuesday, April 9, 2019. The treatment plant project has been selected as the award winner for 2019 from amongst four international projects including one each from China and Malaysia and one more from India.

    The 30,000 cubic meters a day (m3/d) tertiary-level treatment plant commissioned in 2018 has resulted in a 16% cut in the intake of fresh water from the Subarnarekha River. The award-winning tertiary-level treatment plant was built to reclaim effluent from the Bara wastewater treatment plant in Jamshedpur for reuse by Tata Steel. The plant, implemented by Tata Steel’s civil utility wing JUSCO (Jamshedpur Utilities and Services Company), will benefit Tata Steel and the adjoining industries in Jamshedpur.

    The Ultra-Filtration treatment plant is part of Tata Steel’s ambition to make Jamshedpur the first zero liquid discharge city in India. Since the completion of the facility, the entire city’s collected sewage effluent, from both domestic and industrial sources, is gathered and reused by the city’s extensive industrial complex.

    To improve city’s rate of collection of untreated industrial and domestic waste, JUSCO laid a 500-km sewer pipeline and built ten automated sewage pumping stations and control centres, thus transforming the sewerage service coverage for the city.

    Source : Strategic Research Institute
  7. forum rang 10 voda 18 april 2019 16:13
    NLMK update on Russian long operations in Q1 of 2019

    Steel output dropped by 16% QoQ to 0.69 million tonnes (-7% YoY), driven by a seasonally lower demand. Sales decreased by 9% QoQ (-1% YoY) to 0.76 million tonnes. In addition to seasonal factors, lower export margins of billets drove the decrease, but were partially offset by the sales of inventories accumulated in ports in December 2018. The share of finished steel sales totalled 77% (+1 p.p. QoQ and +5 p.p. YoY). The share of sales in Russia totalled 56% (flat QoQ and YoY). Driven by a seasonally lower demand from the construction industry, the quarter-on-quarter sales in Russia fell back by 10% to 0.43 million tonnes. Year-on-year, sales in Russia grew by 18% attributable to higher demand for rebar. Export sales dropped by 8% QoQ (-17% YoY) to 0.34 million tonnes due to lower volumes of billet sales.

    Scrap sales were down 55% QoQ (-5% YoY) to 0.67 million tonnes due to seasonally lower demand of the Russian companies. Scrap is mainly sold to the Group's companies (98%).

    Source : Strategic Research Institute
  8. forum rang 10 voda 18 april 2019 16:13
    Metalloinvest announced the opening of sustainable finance credit line

    Metalloinvest a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel announced the signing of a loan agreement with ING Bank in the amount of up to USD 100 million (or EUR equivalent) until 30 November 2020. The terms of the agreement state that the interest rate of the ‘Sustainability Improvement Loan’ depends on the level of the Company’s Corporate Social Responsibility (CSR) rating and may be reduced if Metalloinvest’s rating indicators improve.

    Mr Alexey Voronov, Finance Director of Management Company Metalloinvest, commented that “Sustainable development (ESG) is an integral part of Metalloinvest’s strategy and is essential to the Company’s long-term competitiveness. In 2018, Metalloinvest received a debut CSR rating of ‘Silver’ medal from EcoVadis, the international independent rating agency. Today, we are pleased to announce the opening of a sustainable finance credit line, which is an example of the Company's continued commitment to sustainable development. In cooperation with ING Bank, Metalloinvest has become one of the first companies in Russia to sign an agreement of green finance nature. This credit line stimulates the improvement of the Company's ESG performance and provides an additional source of liquidity.”

    Mr Mikhail Chaikin, CEO of ING Bank in Russia, commented that "We are delighted to complete the first EcoVadis-linked loan in Russia with Metalloinvest. The Company has put sustainability very high on its strategic agenda and set an ambition that reflects ING own vision and aspiration. ING is consistently deploying its international expertise in sustainable finance to the local market. We are really pleased with an opportunity to offer this innovative solution and further develop our long-term and constructive relationship with Metalloinvest.”

    Source : Strategic Research Institute
  9. forum rang 10 voda 18 april 2019 16:15
    GFG Alliance to integrate assets to catapult into the world’s top 10 steel producers outside China

    Following EU approval for Liberty to acquire seven major European steel plants from ArcelorMittal, the GFG Alliance has announced its intention to integrate most of its Liberty steel, engineering and mining businesses into a single global entity, spanning assets across the UK, Europe and Australia. The consolidated business will include all of the UK steel and engineering assets, the integrated Australian Liberty primary steelworks in Whyalla, a number of high-quality Australian iron ore and metallurgical coal mines, and, once completed, the seven European steel plants being acquired from ArcelorMittal. This merged new group would exclude GFG’s recycling and building products businesses in Australia and the USA. Currently these businesses exist separately within the GFG Alliance but, with a steelmaking target of 20 million tonne per annum, the planned merger and integration will catapult Liberty into the world’s top 10 steel producers outside China, creating multiple competitive advantages.

    Executive Chairman of the GFG Alliance, Mr Sanjeev Gupta, said “We are delighted that the EU has validated Liberty as a suitable buyer for these European steel assets. This will make us the third largest steel producer in Europe. We are an ambitious and aspirational group and we keep breaking boundaries. The bringing together of our international integrated steel assets is part of our deliberate, strategic and sustainable expansion. We look forward to leveraging Liberty steel and mining’s integrated supply chain to create further value. The business will combine Liberty’s integrated steelworks in Whyalla and its ambitious Australian iron ore and coking coal mining businesses, with Liberty House Group assets in the UK and the planned acquisition of the ArcelorMittal European manufacturing facilities. This combination will form a global champion, with fully integrated capabilities, shipping iron ore and coking coal and semi-finished product from Australia to its manufacturing plants and mills globally with the target of becoming one of the largest and most competitive fully integrated steel and mining producers in the world, from raw materials to high value finished goods.”

    Source : Strategic Research Institute
  10. forum rang 10 voda 18 april 2019 16:17
    GMS Market Commentary on Shipbreaking in Turkey in Week 15 - MAROONED!!

    As political confusion after the outcome of the recent elections gradually settles in, we continue to see shaky fundamentals as both local steel plate prices and the currency continue to see their share of wobbles over recent weeks. Not only did local steel plate prices dither towards USD 315/MT, but the Turkish Lira too has crumbled as it briefly passes the TRY 5.8X mark against the U.S. Dollar, settling in at just under as the week ended. The weakening fundamentals have not done any favors for local sentiments whereby local offerings have reportedly dithered, even though there have not been any market fixtures to ascertain where levels really stand today.

    As levels in the subcontinent continue to firm, this will certainly intrude on the ability of Turkish recyclers to conclude any meaningful tonnage, as most Owners will divert their units towards subcontinent shores for the higher levels on offer.

    As such, Aliaga Buyers seem marooned on a desperate island where firming competition is compelling them to maintain their levels, even though key fundamentals are making it harder for them to doo.

    Source : Strategic Research Institute
  11. forum rang 10 voda 18 april 2019 16:17
    Iranian Saba Steel reports 54% increase in production in past Iranian year

    Fars News reported that authorities of Iran's Saba Steel company declared that production of hot-rolled coil has increased 54% in the past Iranian year (ended on March 20) compared with the previous year. Managing-Director of Saba Steel company Ahmad Ahmadian said that "Saba Steel could produce 1,194,608 tonnes of hot-rolled coil in the first year that we are using new developments and increase production 54% compared with the same period the previous year.”

    He also added that production of sponge iron in the company has increased by 16% last year.

    Source : Fars News
  12. forum rang 10 voda 18 april 2019 16:20
    GMS Market Commentary on Shipbreaking in Pakistan in Week 15 - ALL IN VAIN!

    Pakistan has been keen to get back into the buying in recent weeks, but local levels still remain marooned some ways behind a rampant Bangladesh and even an Indian market, which seems to be firming up of late, despite its rocky fundamentals. As a result, it was no surprise to see an empty sales chart for yet another week, as Gadani port reports remained depressingly empty, as they have been for a healthy majority of the last 6 months.

    Whilst India has elections to contend with and Bangladesh has an upcoming budget on June 5th, there may be an opportunity for Pakistan to step back into the buying in the months ahead, but their prices will certainly need to improve considerably, for this to happen.

    Source : Strategic Research Institute
  13. forum rang 10 voda 18 april 2019 16:21
    Operational creditors question CoC over discrimination in Essar Steel resolution plan - Report

    PTI reported that operational creditors with claims of over INR 1 crore have alleged that the committee of creditors of Essar Steel has been monopolized by its financial lenders and sought equal treatment on par with them. They said in a public notice published in newspapers “CoC can not arbitrarily discriminate between the operational creditors with claims under INR 1 crore and above INR 1 crore under the Insolvency & Bankruptcy Code and how has COC decided the cut off figure of INR 1 crore between the same class of admitted Operational Creditors?"

    The operational creditors with over INR 1 crore claim contended in the notice. "CoC is interpreting IBC in the narrowest, totally self-serving and one-sided un-balanced manner and consequently arrogated draconian powers for itself for unilaterally maximizing the proceeds almost entirely for FCs, leaving nothing for AOCs over INR 1 crore."

    The creditors also alleged in the notice that CoC is paying merely lip service to the suggestions of the NCLT and NCLAT as it has now offered INR 1,000 crore to operational creditors, which actually means that the creditors with over INR 1 crore claim will get only 21% with a 79% haircut.

    According to the notice, financial creditors will not only receive the entire principal amount but also a significant part of interest.

    They said “The total dues of operational creditors with below INR 1 crore claim is only around INR 200 crore and the dues of operational creditors with above INR 1 crore claim stood at INR 4,900 crore.”

    The notice further alleged that the entire proceedings before the NCLT and NCLAT was monopolized by design or otherwise by high profile influential lawyers of CoC and others.

    As per the INR 42,000 crore resolution plans for Essar Steel by ArcelorMittal, operational creditors having claims below INR 1 crore will get their dues and those with claims of over INR 1 crore will receive almost zero.

    Source : PTI
  14. forum rang 10 voda 18 april 2019 16:22
    EU and India discussions on BIS certified stainless steel imports fail to cut ice - Report

    Business Line reported that EU has said that its discussions with Indian authorities on the compulsory re-testing of specified stainless steel product imported into the country at BIS authorized laboratories has failed to resolve the issue. It sought to pursue the matter further at the World Trade Organization’s committee on technical barriers to trade. In a fresh representation, the EU reiterated its demand that India should accept the tests carried out in foreign accredited laboratories attesting compliance with ISO standards (or Indian standards) and stop conducting factory inspections in the EU steel mills that have quality management systems as defined in ISO 9001. The representation stated that “Given that the intermediate product is a low risk one and that the EU producers comply with international requirements and specifications, the EU is making these demands.”

    The EU, however, has not indicated if it would file a dispute with the WTO over the matter.

    Responding to India’s defense, the EU said that it had already complied with internationally recognized standards, as well as with safety and quality standards recognized around the world. It said that “The EU would like to ask the Indian authorities to confirm whether these standards are equivalent to the relevant international standards. If that is the case, those international standards should be referred to in the text as well.”

    The EU also asked India to apply the certification only with reference to stainless steel grades. It said that “There should be no restrictions on physical dimensions (thickness, width or length) and no restriction on the finishing of the products (finishes, edge conditions etc.) as there are many different sizes and finishing for stainless steel products.”

    It added “Furthermore, once the producing mill is verified and the product certified, the certification should remain valid in case the product is issued to the mill's service centres and then shipped to India to avoid an unnecessary and burdensome double certification process.”

    India already has 50 carbon steel and three stainless steel products under the ambit of its quality control order. The Indian Steel Ministry recently notified its plans of including a few more steel items to the list. The EU had alleged that such controls were a non-tariff barrier, but India argued that the BIS standards were necessary in order to take into account the manufacturing practices here.

    Source : Business Line
  15. forum rang 10 voda 18 april 2019 16:22
    NLMK update on Russian flat operations in Q1 of 2019

    Steel output dropped by 3% QoQ and YoY to 3.26 million tonne due to repairs at NLMK Lipetsk’s blast furnace operations. Sales of the Segment dropped by 4% QoQ due to reduced pig iron sales. Year-on-year sales increased by 2% driven by the sales of inventories accumulated in ports in December 2018 and a higher demand for finished steel. Sales mix. The sales structure changed with the share of finished steel increasing to 44% (+6 p.p. QoQ and YoY). Finished steel sales grew by 11% QoQ (+20% YoY) to 1.5 million tonne supported by the demand growth for hot-rolled and cold- rolled steel in foreign markets. HVA products sales totaled 0.82 million tonne. The 2% QoQ growth was driven by higher exports supported by destocking. Year on year growth was 10% on the back of low base effect, when semi-finished steel deliveries to the Group companies and NBH accounted for the majority of sales in Q1 2018.

    Sales of semi-finished steel dropped by 14% QoQ (-9% YoY) to 1.9 million tonne due to lower slab sales to the Group's international companies, which dropped to 0.74 million tonne (-23% QoQ) driven by the reduced demand by the Group's European companies and the impact of import duties in the US. In addition, sales of semi-finished steel to third parties dropped to 1.16 million tonne (-7% QoQ) due to lower pig iron exports to the US market caused by repairs in the steelmaking operations.

    Sales in Russia grew by 9% QoQ to 1.03 million tonne driven by a stronger demand for slabs. Export sales dropped by 9% QoQ to 2.38 million tonne driven by lower sales of semis. The share of Segment's export sales amounted to 70% (-4 p.p. QoQ and -1 p.p. YoY). Sales in Russia gained 4% YoY owing to higher demand for finished steel. Export increased by 1% YoY.

    Source : Strategic Research Institute
  16. forum rang 10 voda 18 april 2019 16:23
    Belarusian steel mill BMZ signs major deals at business forum in Turkey

    BelTA reported that Belarusian steel mill BMZ and Turkish companies signed framework agreements on supplying metal products worth over $14 million during a Belarusian-Turkish business forum in Ankara on 16 April. The agreements were signed by Director General of OAO BMZ - Managing Company of the Holding Company BMC Anatoly Savenok

    In particular, BMZ intends to ship products of its steel wire division and the pipe division to Turkey this year. Turkey is a traditional market for the Belarusian company. The exports to Turkey include metal cord, wire for high-pressure hoses, steel wire, seamless pipes, and cast sections.

    In 2018 the volume of export exceeded USD 38 million.

    The Belarusian-Turkish business forum was organized by the Belarusian Chamber of Commerce and Industry with assistance of the Foreign Economic Relations Board of Turkey (DEIK). The forum was supposed to expand contacts of the Belarusian private sector with Turkish companies, assist with the development of mutually beneficial cooperation and the implementation of joint projects in various spheres.

    Source : Belta
  17. forum rang 10 voda 18 april 2019 16:23
    BlueScope Malaysia completes acquisition of YKGI Holding Berhad

    BlueScope announced that the acquisition of YKGI Holdings Berhad's manufacturing facility in Klang, Malaysia by NS BlueScope Malaysia has been completed. The assets comprise a Push-Pull Pickling Line, Cold Rolling Mill, Continuous Galvanising Line and a Continuous Colour Coating Line and will form part of BlueScope’s joint venture operations in South East Asia with Nippon Steel.

    The acquisition is consistent with BlueScope's strategy to grow its coated and painted steel business and provides a cost-effective source of cold rolled feed to supply to NS BlueScope Malaysia. It provides options to further lower the cost of feed supply in other operations in the ASEAN JV and offers future growth potential via additional coating and painting capacity.

    The transaction was completed on terms as announced on 5 November 2018.

    Source : Strategic Research Institute
  18. forum rang 10 voda 18 april 2019 16:24
    Mobarakeh Steel produces 43% of DRI in Iran

    Iran's largest steelmaker Mobarakeh Steel Company is the world's biggest producer of direct-reduced iron. The company, along with its subsidiaries, accounted for more than 43% of Iran’s total direct-reduced iron production last year (ended March 20, 2019) with an output exceeding 10.5 million tonnes.

    According to Mokhtar Bakhshian, a company official, Iran’s overall DRI production stood at more than 24 million tonnes last year. Located in southwestern Isfahan, MSC has a remarkable share of 50% in Iran’s steel production.

    The company is the biggest steel producer in Iran as well as the Middle East and North Africa.

    Source : Financial Tribune
  19. forum rang 10 voda 18 april 2019 16:26
    ArcelorMittal named Steel Sustainability Champion for second consecutive year

    ArcelorMittal is recognised as a Steel Sustainability Champion for the second year running by the World Steel Association at its board meeting in Madrid, Spain. The accolade distinguishes the steel companies who, like ArcelorMittal, are leading by example in creating a truly sustainable steel industry. The Steel Sustainability Champion programme seeks to encourage other steel companies to increase their efforts, set higher standards and demonstrate a strong commitment to sustainable development and the circular economy.

    This designation reflects ArcelorMittal’s dedication to worldsteel’s sustainable development charter; the company’s regular and transparent reporting on its environmental, social and economic performance; its commitment to providing a safe and healthy work environment for steelworkers; and its double success in 2018’s Steelie Awards, where it won the ‘Excellence in sustainability’ and ‘Excellence in life cycle assessment’ categories.

    Worldsteel represents steel producers (including 9 of the world’s 10 largest steel companies), national and regional steel industry associations, and steel research institutes. Its members account for about 85% of global steel production.

    Brian Aranha, executive vice president, head of strategy, CTO, R&D, CCM, global automotive, communications and corporate responsibility, ArcelorMittal said, “It is an honour to be in Madrid and accept the award on behalf of ArcelorMittal. As the world’s leading steel company, we recognise the importance of sustainability for our business and the steel industry because it sits at the heart of securing a license to operate. Securing sustainability champion status for the second year in a row is a confirmation of our dedication to making sustainable development a priority for our business.”

    Source : Strategic Research Institute
    Bijlage:
  20. forum rang 10 voda 18 april 2019 17:13
    Fortescue trims iron ore guidance over TC Veronica

    Fortescue has released its March 2019 quarterly production results, reporting total shipments of 38.3 million tonnes and cash production costs (C1) of USD 13.51 per wet metric tonne. Fortescue CEO Ms Elizabeth Gaines said “Closure of the Port Hedland Port, combined with localised flooding in the area caused by Tropical Cyclone Veronica in late March, resulted in the loss of five days of shipments equating to 2.5 million tonne. This volume impact has seen C1 costs increase to USD 13.51 per wmt for the quarter. We are now expecting full year shipments of 165-170 million tonne and C1 costs in the range of USD13-13.50 per wmt.”

    HIGHLIGHTS

    Average price received increased to USD 71 per dmt compared to the December quarter of USD 48 per dmt representing a 47% increase and outperforming the benchmark increase of 16%

    Total shipments of 38.3 million tonne including 3.8 million tonne of West Pilbara Fines

    Impact of Tropical Cyclone Veronica limited to 2.5 million tonne of shipments lost due to closure of the Port Hedland Port for five days

    C1 cost of USD 13.51 per wmt

    Approval of the development of Stage 2 of the Iron Bridge Magnetite Project announced on 2 April

    Eliwana Mine and Rail Project progressing on schedule and budget

    Fortescue Future of Mobility Centre launched in Karratha, Western Australia

    OPERATIONS

    Mining, processing, rail and shipping combined to achieve total shipments of 38.3 million tonne in line with the prior comparable quarter. Shipments compared to the December 2018 quarter were 10 per cent lower primarily due to the impacts of Tropical Cyclone Veronica which closed the port for five days and caused localised flooding to the railway in the immediate vicinity of the Port operations. Ore mined and overburden removed increased by 15% and 11% respectively compared to the prior comparable quarter maintaining inventory to support delivery of the enhanced product mix.

    The average strip ratio was 1.4 consistent with the prior comparable quarter.

    West Pilbara Fines shipments for the quarter were 3.8 million tonne, 10% of the total for the quarter with FY19 total shipments expected to be between 8-10 million tonne.

    C1 costs were higher than the prior quarter at USD 13.51 per wmt, due to the impact of Tropical Cyclone Veronica on shipments.

    MARKETING

    Chinese crude steel production remains strong, reaching 231 million tonnes in the first quarter of 2019, an increase of 9.9% YoY, with finished steel inventories remaining stable. Since the end of the quarter the draw down on steel inventories has accelerated in line with increased demand.

    Demand for Fortescue’s products in the quarter was strong reflecting continued moderation of steel mill margins, resulting in a significant reduction of Fortescue products at Chinese ports.

    Fortescue’s average price received during the quarter increased to USD 71 per dmt, a 47% improvement compared to the prior quarter, outperforming the 16 per cent increase in the average Platts 62 CFR Index price of USD 83 per dmt. This reflects the success of Fortescue’s integrated operations and marketing strategy. The actual price realisation achieved by Fortescue for the quarter was 86% of the average 62 CFR Index price.

    The implied US dollar price for Fortescue’s products at ports in China on an equivalent seaborne basis, compared to the seaborne spot prices for 62% and 65% Platts CFR products is set out in the chart below:

    Non-China markets accounted for 7% of total shipments during the quarter, with reduced shipments to India given strong demand and higher price realisations from the Chinese market.

    Source : Strategic Research Institute
    Bijlage:
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ArcelorMittal Nieuws

  1. 02 mei Beursblik: resultaten ArcelorMittal beter dan verwacht 1
  2. 02 mei AEX gaat hogere opening tegemoet, terwijl blue chips over elkaar heen buitelen met cijfers 4
  3. 02 mei Meer omzet en hoger resultaat bij ArcelorMittal
  4. 01 mei Lagere winst ArcelorMittal verwacht
  5. 23 apr Mondiale staalproductie daalt toch weer
  6. 16 apr Deutsche Bank haalt ArcelorMittal van de kooplijst 1
  7. 12 apr Video: cyclische aandelen bieden kansen
  8. 09 apr World Steel Organisation ziet vraag naar staal weer groeien
  9. 22 mrt Mondiale staalproductie in de lift
  10. 12 mrt ArcelorMittal neemt groot belang in Vallourec

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