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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

  • 23,800 18 apr 2024 17:35
  • +0,290 (+1,23%) Dagrange 23,560 - 23,960
  • 2.676.573 Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 983 984 985 986 987 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 8 mei 2019 15:30
    Crucial meet between Tata Steel Europe and unions later this week

    MoneyControl reported that the senior management at Tata Steel's UK unit is expected to meet representatives of labour unions later this week in a crucial meeting amid concerns over the European Commission's probe into the proposed joint venture with thyssenkrupp. The meeting, which could be held on May 10, is important for the management to address employee concerns. Employees are worried that the two partners will offer to sell or close down units in the UK for receiving the commission's nod to clear the joint venture.

    The meeting will be a follow up of a similar one between union representatives and Tata Steel Chairman N Chandrasekaran in Mumbai last month. Officials of European Works Council and Community were present in the meeting.

    The unions have been unhappy about Tata Steel and thyssenkrupp not consulting them before presenting remedies to the Commission.

    New concerns cropped up after Financial Times in a report earlier this week said that the commission could block the JV.

    Source : MoneyControl
  2. forum rang 10 voda 8 mei 2019 15:31
    Meridian Metal Trading sold out of administration to Duferco

    Meridian Metal Trading, based on Grazebrook Industrial Park on Peartree Lane, has been bought by Meridian Steel Limited, part of the DITH Group. Mr Allan Graham and Mr Matthew Ingram of Duff & Phelps Ltd were appointed Joint Administrators to the company on April 2 and they announced the successful sale of the business and assets. Mr Allan Graham, Joint Administrator, said "This is a superb outcome for the business and Duff & Phelps is delighted to have been able to secure its future. We believe we identified the ideal buyer, ensuring that Meridian Metal Trading becomes part of a truly global enterprise, a great result for the business and the West Midlands."

    Established in 1987 Meridian Metal Trading is headquartered at Grazebrook Industrial Park, Peartree Lane, Dudley and employs aorund 170 people across five locations in the UK including service centres in Dudley, Sheffield and Guildford and sales offices in Bolton and Newport, South Wales.

    The holding company of the DITH Group is Duferco International Trading Holding SA, based in Lugano, Switzerland.

    Source : Dudley News
  3. forum rang 10 voda 8 mei 2019 15:31
    JSW Steel raises offer for Asian Colour Coated to INR 1,500 crore

    Economic Times, citing a person aware of the development, reported that JSW Steel, the lone bidder for Asian Colour Coated Ispat Ltd, has increased its offer for the company by 25% to INR 1,500 crore. The revision came after ACCIL’s resolution professional reached out to JSW Steel, following which a meeting was held in New Delhi last week.

    JSW Steel had initially offered INR 1,200 crore, of which INR 800 crore would go to secured lenders including State Bank of India and Punjab National Bank and INR 400 crore would go to unsecured lenders led by Axis Bank. People aware of the matter told ET that resolution professional Kuldip Kumar Bassi found the bid unsatisfactory because banks would have had to forgo 76% of their loans to ACCIL, which has debt of INR 5,000 crore.

    The New Delhi bench of the National Company Law Tribunal is scheduled to hear the matter on May 13. Voting on JSW Steel’s revised offer may take place on Thursday or Friday

    Asian Colour Coating Ispat has manufacturing facilities close to Delhi and Mumbai, and specialises in downstream, galvanised and colour coated products that it exports to Europe, Latin America and Africa. It has an annual capacity of one million tonne.

    Source : Economic Times
  4. forum rang 10 voda 8 mei 2019 15:32
    Trump Trade War - Section 232 tariffs are helping – Mr David Burritt CEO US Steel


    United States Steel Corporation president and chief executive Mr David Burritt, while delivering the keynote speech during the annual President’s Award Breakfast at AISTech 2019 in Pittsburgh, said “The Section 232 steel tariffs are helping US producers to recover from the damage caused by unfairly traded imports and are allowing them to make critical re-investments. For companies in the United States, this is exactly what the Trump administration intended when he enacted the Section 232 remedies. The Trump administration understands the strategically important role the steel industry plays in our national and economic security. Due in large part to the tariffs, producers are once again investing in facilities, research and development and their people. These are the exactly the kinds of investments we need in order to keep dreaming big and doing good things for decades to come.”

    But while progress has been made, he cautioned the breakfast’s 1,200 attendees that the industry still faces significant challenges in the form of an aging workforce, rapid technological change, competition from alternative materials and increased societal expectations for environmental stewardship.

    Source : Strategic Research Institute
  5. forum rang 10 voda 8 mei 2019 15:35
    Commercial Metals CEO Ms Barbara K Smith receives AIST’s Steelmaker of the Year Award

    Commercial Metals Company chairman of the board, president and chief executive Ms Barbara K Smith accepted AIST’s Steelmaker of the Year Award, saying that the recognition wouldn’t have come without the hard work and diligence of the company’s employees. She said “In my mind, this award really belongs to the employees of CMC. They are the ones who diligently serve our loyal customers, and they are the ones who continuously improve our products and processes, consistently applying the latest technologies and innovation to take us to new levels of quality and productivity.”

    Under Ms Smith’s leadership, Commercial Metals closed on a USD 600 million acquisition of four rebar mills and 33 fabrication facilities from Gerdau. It also is ramping up production at its Durant, Okla, micro-mill, which has become a domestic source of spooled rebar for the US market. Additionally, the company has added a rebar spooler to its original micro-mill in Arizona.

    The Steelmaker of the Year award is one of AIST’s highest honors and recognizes steel leaders who have had a significant impact on the industry.

    Source : Strategic Research Institute
  6. forum rang 10 voda 8 mei 2019 15:36
    Micro steel mill plan in Homestead Miami-Dade approved - Report

    Miami-Dade commissioners on Tuesday unanimously approved a land deal for partners that include a son of Mayor Carlos Gimenez, and swatted back a suggestion that officeholders’ relatives should be banned from doing business with the county. The vote reserves 123 acres of county-owned land near Homestead for Julio Gimenez and partners. The partnership wants to spend nearly USD 300 million developing a mini steel mill that uses electric-powered machinery to convert scrap metal into rebar and other raw building materials.

    Mr Julio Gimenez, whose father is Miami-Dade Mayor Carlos Gimenez, is a partner in a venture that wants to build a USD 298 million steel mill project on about 123 acres of county-owned land near Homestead that’s been designated for commercial development for 15 years. Mr Julio Gimenez and partners are pitching a micro mill using electric furnaces to transform scrap metal into steel products, including rebar. Miami-Dade commissioners are scheduled to vote on the no-bid USD 16.8 million sale on an expedited schedule, with no prior review by a commission committee. But approval would only start a process of permitting, zoning changes and money-raising that could last 18 months before Miami-Dade Steel LLC has to make more than an USD 840,000 down payment.

    Documents filed with the county show an ambitious financing plan, with Miami-Dade Steel LLC planning to borrow about USD 200 million on Wall Street and raise another USD 100 million from investors. The partnership has to prove it has financing secured before it can proceed with the purchase of county land next year.

    The lead partner, Gustavo Lopez, dismissed the challenge of raising so much money for a Miami-Dade steel mill, saying he’s built larger projects in other countries. He said “This is a little thing. I have done many, many steel mills in my life. My kids want to have something in Miami. He has built mills in Colombia, Ecuador, and China, and consulted on others.”

    Source : Miami Herald
  7. forum rang 10 voda 8 mei 2019 15:49
    GMS Market Commentary on Shipbreaking in BANGLADESH in Week 18 - WINDING DOWN!

    Now that the budget date (expected to be June 3rd but will not be firmly set until mid-May) is looming large, very few Bangladeshi End Buyers are opening themselves up to new purchases for arrivals after this date. As local port reports will testify, there is a massive amount of inventory that is not only positioned on plots, but is also at Chattogram anchorage awaiting delivery (even this week) as is testament to, what remains a stuffed Bangladeshi market. As such, very few capable, keen and aggressive End Buyers with available L/C limits on larger LDT units remain open to take in new vessels at present.

    Since new duties on steel products are expected to be introduced in the June budget and with plots full and the monsoon season approaching, it is expected to be a far quieter next few months in the Bangladesh market, perhaps until the end of summer / monsoons.

    Source : Strategic Research Institute
  8. forum rang 10 voda 8 mei 2019 15:49
    GMS Market Commentary on Shipbreaking in INDIA in Week 18 - COOLDOWN!

    Offerings from India have seemingly cooled by about USD 20/LDT (especially since the start of April) and the trajectory of the market going into the monsoon season only appears to be on an overall downward trend. The election and the uncertainty surrounding its outcome (despite the usual claims on the expected winner) is leading to tentative offerings and a general malaise in interest, particularly for high-priced competitive market tonnage (which has overall been ending up in Bangladesh).

    Surprisingly this week, both local steel plate prices and the Indian Rupee registering improvements of their own as plate prices firmed by about USD 5/Ton overall and the Indian Rupee firmed considerably, trading in the low-to-mid Rs. 69s against the U.S. Dollar. Yet, there seems to have been little in terms of optimism and overall S&P activity.

    As such, it will be interesting to see how prices perform in the coming week(s), given that fundamentals and political (un)certainty seem to be as expected, yet weather concerns will certainly clash head on with the current situation.

    Source : Strategic Research Institute
  9. forum rang 10 voda 8 mei 2019 16:24
    Vale halts Brucutu iron ore operations

    Vale announced that it was summoned today based on the monocratic decision by the Minas Gerais Court of Justice suspending the effects of the ruling by the Lower Public Treasury Court of Belo Horizonte, within the scope of the public civil action n° 5013909-51.2019.8.13.0024, filed by Public Prosecution Office of the State of Minas Gerais on March 18th, 2019, that had authorized the resumption of activities at the Laranjeiras tailings dam and the Brucutu mine. Consequently, wet processing operations at Brucutu were stopped following the above mentioned TJMG decision.

    Vale reiterates that the Laranjeiras dam and all the other geotechnical structures of Brucutu have valid Declaration of Stability (DCE) issued by external auditors in March 2019, and is taking the appropriate measures related to the decision.

    Vale reaffirms its 2019 iron ore and pellets sales guidance of 307-332 Mt, as previously announced, and informs that its current sales volume expectation is currently between the bottom and the middle of the range.

    Source : Strategic Research Institute
    Bijlage:
  10. forum rang 10 voda 8 mei 2019 16:24
    Caterpillar & WesTrac to help automate Rio Tinto’s Koodaideri iron ore mine

    IM Mining reported that Rio Tinto and Caterpillar have agreed to work together to create an automated mine operation at the Koodaideri iron ore project, in Western Australia, that makes best use of data analytics and integration to enhance safety, optimise production, boost mining machine use and lower costs. The recently signed agreement will see Cat® and dealer WesTrac supply and support mining machines, automation and enterprise technology systems for the new mine.

    Rio Tinto Iron Ore Chief Executive, Chris Salisbury, said: “We’re pleased to be partnering with Caterpillar and WesTrac, the regional Cat dealer, to help make Koodaideri the most technology-enabled and innovative mine in our Pilbara iron ore network. Technology is rapidly changing our mining operations as we harness innovation to make our operations safer, smarter and more productive. This extension of our partnership with Caterpillar and WesTrac represents an exciting step for our business.”

    Koodaideri will deliver a new production hub for Rio Tinto’s iron ore business in the Pilbara. Construction work has commenced, and first production is expected in late 2021. Once complete, the mine will have an annual capacity of 43 Mt, underpinning production of the Pilbara Blend, Rio’s flagship iron ore product.

    As mine construction advances, WesTrac will manage logistics of mining machine delivery and commissioning and play a key role in implementing technology solutions.

    Last week, FLSmidth announced it would bring the latest smart 3D design to Koodaideri after announcing a contract win.

    Source : IM Mining
  11. forum rang 10 voda 8 mei 2019 16:26
    Kogi Iron refreshes Board of Directors for next phase of growth

    Kogi Iron Limited announced the following changes to its board of directors. David Turvey and Peter Huljich have been appointed as Non-Executive Directors, and Michael Tilley has tendered his resignation. The changes are effective immediately.

    David Turvey was a senior resources executive in the iron ore and steel industry. His previous experience includes advice on the Nimba-Simandou iron project in Guinea, the Savage River magnetite operations in Tasmania and as Managing Director of FerrAus where he was responsible for fund raising of A$75m and a significant growth in its market capitalisation from $10m to $280m. David also has experience in steel making processes and has conducted metallurgical test work, process engineering and market analysis for a number of feasibility projects throughout Australia, Asia, Africa and the Middle East. David is a geologist by profession with over 35 years' experience in the Australian and Asian mining industry. His career has involved business development and corporate M&A activities in precious & base metals, bulk commodities, industrial minerals and specialty metals. He has held key management roles in large international companies, including several international roles based in South-East Asia. During the last 20 years, David has conducted independent consulting assignments in mineral exploration, R&D, technical marketing and market entry strategies, mining law & foreign investment policy, and commercial project evaluation. David has been a Non-Executive Director at listed Australian public company Southern Gold Limited since 2011, prior to which he was Executive Director of Lawson Gold Limited and Managing Director of FerrAus Limited.

    Peter Huljich is an experienced legal and commercial adviser who has worked in the mining, banking and finance sectors since 1993, with a particular expertise in capital markets. Initially Perth based he moved to London in 1998 where he worked for a number of prestigious investment banks, with a focus on Commodities and Equity and Debt Capital Markets. He has extensive on the ground African mining, oil and gas, and infrastructure experience having resided in Kenya from 2010 until his return to Perth in 2017. Peter has worked with Governments, sponsors, venture capital clients, underwriters, borrowers and investment banking teams on structured finance, loan and derivative transactions, and equity and debt capital market instruments in more than 50 countries covering a wide variety of secured and unsecured financing and structured products with transaction values from USD 100 million up to USD 5 billion. Peter is a graduate of UWA with dual degrees in Commerce and Law. He is a Graduate of both the Securities Institute of Australia where he earned National Prizes in Applied Valuation and Financial Analysis and of the Australian Institute of Company Directors. Peter is also a Director of AVZ Minerals Limited ASX: AVZ.

    Source : Strategic Research Institute
  12. forum rang 10 voda 9 mei 2019 14:34
    Winstgevendheid ArcelorMittal lager dan verwacht

    FONDS KOERS VERSCHIL VERSCHIL % BEURS
    ArcelorMittal
    16,798 -0,972 -5,47 % Euronext Amsterdam

    (ABM FN-Dow Jones) ArcelorMittal heeft in het eerste kwartaal van 2019 beduidend minder winst geboekt en kwam daarmee ook onder de verwachtingen van analisten uit. Dit bleek donderdag voorbeurs uit cijfers van de staalreus.

    De EBITDA kwam afgelopen kwartaal uit op 1.652 miljoen dollar, waar analisten vooraf mikten op 1.680 miljoen dollar. In de eerste drie maanden van 2018 was het bedrijfsresultaat nog 2.512 miljoen dollar en in het vierde kwartaal kwam dit resultaat uit op 1.951 miljoen dollar.

    ArcelorMittal liet eerder deze maand al weten te kampen met een zwakkere vraag, concurrentie van goedkoop importstaal en hogere kosten voor energie en CO2-uitstoot. Als gevolg besloot de staalreus de plaatstaalproductie in het Poolse Krakow en het Spaanse Asturias tijdelijk stil te leggen. Met de sluiting kiest het staalconcern voor "kosten en kwaliteit boven volume". De staalproductie daalt hierdoor op jaarbasis met ongeveer 3 miljoen ton.

    De omzet bleef op jaarbasis nagenoeg stabiel en steeg licht van 19.186 miljoen naar 19.188 miljoen dollar, maar de nettowinst liep terug van 1.952 miljoen naar 414 miljoen dollar.

    ArcelorMittal produceerde meer staal en ook de verschepingen ervan liepen op jaarbasis op. De opbrengsten per ton namen af van 73 dollar naar 35 dollar.

    Outlook

    Het bedrijf verhoogde de outlook voor 2019 en mikt op een lichte stijging van de mondiale vraag naar staal. ArcelorMittal voorziet een toename van 1,0 procent tot 1,5 procent tegen aanvankelijk 0,5 tot 1,0 procent.

    De netto-rentelasten voor dit jaar komen naar verwachting nu uit op circa 600 miljoen dollar tegen een eerdere raming van 650 miljoen dollar, vooral als gevolg van de toepassing van IFRS 16.

    Het aandeel ArcelorMittal sloot woensdag op een groen Damrak 0,2 procent lager op 17,77 euro.

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

    © Copyright ABM Financial News B.V. All rights reserved.
  13. forum rang 10 voda 9 mei 2019 14:35
    Correctie: Beursblik: momentum bij ArcelorMittal blijft zwak

    FONDS KOERS VERSCHIL VERSCHIL % BEURS
    ArcelorMittal
    16,808 -0,962 -5,41 % Euronext Amsterdam

    (ABM FN-Dow Jones) ArcelorMittal blijft met de resultaten over het eerste kwartaal nog altijd in een zwak momentum, maar is van alle staalbedrijven in Europa wel het beste gepositioneerd. Dit bleek donderdag uit een kort commentaar van Kepler Cheuvreux tegen ABM Financial News op de resultaten.

    Kepler stelde met betrekking tot de laatste visie dat de staalreus ook buiten Europa, waar zich momenteel de zwakte aftekent, voldoende armslag kent. Met betrekking tot de resultaten concludeerde Kepler dat deze vooral bepaald zijn door macro-economische omstandigheden, waarbij het afwachten is hoelang deze aanhouden.

    Kepler heeft het aandeel ArcelorMittal op Kopen staan met een koersdoel van 30,00 euro.

    De koers van het aandeel ArcelorMittal noteerde donderdag op een rood Damrak 4,1 procent lager op 17,05 euro.

    Correctie: om de juiste koersinformatie te verstrekken.

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

    © Copyright ABM Financial News B.V. All rights reserved.
  14. forum rang 10 voda 9 mei 2019 14:43
    Beursblik: momentum bij ArcelorMittal blijft zwak

    FONDS KOERS VERSCHIL VERSCHIL % BEURS
    ArcelorMittal
    16,77 -1,00 -5,63 % Euronext Amsterdam

    (ABM FN-Dow Jones) ArcelorMittal blijft met de resultaten over het eerste kwartaal nog altijd in een zwak momentum, maar is van alle staalbedrijven in Europa wel het beste gepositioneerd. Dit bleek donderdag uit een kort commentaar van Kepler Cheuvreux tegen ABM Financial News op de resultaten.

    Kepler stelde met betrekking tot de laatste visie dat de staalreus ook buiten Europa, waar zich momenteel de zwakte aftekent, voldoende armslag kent. Met betrekking tot de resultaten concludeerde Kepler dat deze vooral bepaald zijn door macro-economische omstandigheden, waarbij het afwachten is hoelang deze aanhouden.

    Kepler heeft het aandeel ArcelorMittal op Kopen staan met een koersdoel van 30,00 euro.

    De koers van het aandeel ArcelorMittal noteerde donderdag op een rood Damrak 1,4 procent lager op 19,54 euro.

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

    © Copyright ABM Financial News B.V. All rights reserved.
  15. forum rang 10 voda 9 mei 2019 15:12
    'Gemengde resultaten ArcelorMittal'

    Gepubliceerd op 9 mei 2019 om 09:52 | Views: 3.735

    ArcelorMittal 14:52
    16,75 -1,02 (-5,73%)

    AMSTERDAM (AFN/BLOOMBERG) - Staalconcern ArcelorMittal heeft in het eerste kwartaal een gemengde set resultaten in de boeken gezet. Dat laat zakenbank Goldman Sachs weten in een reactie op de cijfers.

    Volgens Goldman viel het bedrijfsresultaat lager uit dan verwacht. De bank rekent op margedruk voor het bedrijf in het tweede kwartaal door hogere ijzerertsprijzen en lagere staalprijzen. Goldman denkt dat de koers van ArcelorMittal ook druk kan ondervinden van de handelszorgen. Het advies bij Goldman is neutral met een koersdoel van 20,50 euro.

    ING verklaarde dat het resultaat van ArcelorMittal redelijk in lijn ligt met de verwachtingen, met een sterke kasstroom. Al met al is ING neutraal gestemd over het cijferbericht van het staalbedrijf. Het advies is buy met een koersdoel van 31 euro.

    Andere analisten

    Analisten van Jefferies stelden dat het zwakke resultaat en de margedruk van ArcelorMittal in het eerste kwartaal al waren verwacht en wijzen verder op de licht opwaartse bijstelling van de verwachte wereldwijde staalvraag dit jaar. Jefferies heeft een buy-advies met een koersdoel van 30 euro.

    Bij Morgan Stanley was sprake van enige teleurstelling over het resultaat, maar viel de schuld wel lager uit dan gedacht. Herstel van de staalprijs is nodig voor het bedrijf, aldus Morgan Stanley, dat een overweight-advies met een koersdoel van 26 euro hanteert.

    Het aandeel ArcelorMittal noteerde donderdag omstreeks 10.40 uur een min van 4,7 procent op 16,93 euro. Daarmee was het de sterkste daler in de AEX-index.
  16. forum rang 10 voda 9 mei 2019 15:29
    Mr Trump announces sanctions on Iran’s steel and mining industries

    US President Donald Trump has announced sanctions against Iran’s steel and mining sectors. He said “One year ago, I dramatically strengthened our national security by ceasing America’s participation in the horrible, one-sided Iran nuclear deal. Today, I am signing an executive order to impose sanctions with respect to Iran’s iron, steel, aluminum, and copper sectors, the regime’s largest non-petroleum-related sources of export revenue.”

    He said “Under the Iran nuclear deal, Iran was free to engage in and sponsor terrorist networks, develop its missile force, foment regional conflicts, unjustly detain United States citizens, and brutalize its own people, all while maintaining a robust nuclear infrastructure—not to mention, as we now know, its extensive nuclear weapons archive.”

    He added “A lot can change in a year when we make bold decisions to defend America’s national security. Because of our action, the Iranian regime is struggling to fund its campaign of violent terror, as its economy heads into an unprecedented depression, government revenue dries up, and inflation spirals out of control. We are successfully imposing the most powerful maximum pressure campaign ever witnessed, which today’s action will further strengthen.”

    Mr Trump said “Over the last month, the United States has taken several steps to increase the effectiveness of our campaign. We designated the Islamic Revolutionary Guard Corps as a Foreign Terrorist Organization and increased the pressure on Iran ten-fold through full application of United States sanctions on Iranian oil exports. Today’s action targets Iran’s revenue from the export of industrial metals—10 percent of its export economy—and puts other nations on notice that allowing Iranian steel and other metals into your ports will no longer be tolerated.”

    He concluded “Tehran can expect further actions unless it fundamentally alters its conduct. Since our exit from the Iran deal, which is broken beyond repair, the United States has put forward 12 conditions that offer the basis of a comprehensive agreement with Iran. I look forward to someday meeting with the leaders of Iran in order to work out an agreement and, very importantly, taking steps to give Iran the future it deserves.”

    Source : Strategic Research Institute
  17. forum rang 10 voda 9 mei 2019 15:34
    Trump Trade War - US & China have two days left to make deal

    Bloomberg reported that a Tata Steel Europe executive has forecast that a failure by the US and China to make progress to end their prolonged stand off risks undercutting steel demand as China’s manufacturing would likely take a hit. Mr Ranjan Sinha, director of raw materials and IT procurement at Tata Steel Europe Ltd, in an interview in Singapore said “If it doesn’t get sorted out by the day after tomorrow, then we can see less demand from China. If there’s a negative outcome from trade talks, then we believe there will be a downward pressure on iron ore.”

    US and China will hold a critical round of trade talks in Washington on Thursday and Friday, with negotiations taking place after a threat from Donald Trump of further significant tariff hikes on Chinese imports.

    Source : Bloomberg
  18. forum rang 10 voda 9 mei 2019 15:35
    Malaysia revises anti-dumping duties on CR imports from China, South Korea and Vietnam

    Bernama reported that Malaysia’s Ministry of International Trade and Industry has revised anti-dumping duties imposed on imports of cold rolled coils of alloy and non-alloy steel originating or exported from China, South Korea and Vietnam. Chinese steel producers Bengang Steel Plates Co Ltd’s anti dumping duties now stood at 42.08%, while BX Steel POSCO Cold Rolled Sheet Co Ltd at 35.89%, Jiangsu Shagang International Trade Co Ltd at 42.08% and other producers/exporters at 42.08%. For South Korean steel producers, it is nil for POSCO, Hyundai Steel Company at 11.55% and other producers at 21.64%. In the case of Vietnamese steel producers, it is POSCO Vietnam Co Ltd at 2.0%, China Steel Sumikin Viet Nam Joint Stock Company at 13.68% and others at 13.68%

    MITI said that the revision was done after the government had conducted and completed the administrative review investigation on producers and importers in Malaysia, as well as producers or exporters from the alleged countries.

    The administrative review investigation was based on a petition filed by CSC Steel Sdn Bhd on behalf of the domestic industry producing cold rolled coils of alloy and non-alloy steel. The petitioner claimed that there was a substantial change in the dumping margin for the imports of subject merchandise by producers or exporters from China, South Korea and Vietnam, since the imposition of the anti-dumping duties on the imports of cold rolled coils of alloy and non-alloy steel on May 24, 2016.

    Source : Bernama
  19. forum rang 10 voda 9 mei 2019 15:36
    Liberty makes two key appointments to drive growth across USA

    Liberty Steel USA, part of Sanjeev Gupta’s global GFG Alliance, has made two key management appointments as it continues its expansion in the USA. Mr Revansidha ‘Rohit’ Gulve, who led the successful reopening last summer of Liberty Steel Georgetown in South Carolina, is moving from his role as general manager there to become general manager at the larger Liberty Steel Peoria in Illinois. Both mills are major producers of wire rod, a product in which Liberty is aiming to become a US market leader over the coming year. Liberty reopened the shuttered Georgetown mill in summer 2018 and acquired the Peoria site along with several downstream steel assets from KCI in January 2019. Over recent months Mr Gulve has overseen the steady increase in output from Georgetown and his new appointment signals Liberty’s intention to deliver strong growth at Peoria also.

    Pending the appointment of a permanent replacement at Georgetown, Liberty has engaged highly-experienced international steel executive Marcio Van der Put as acting general manager. Mr Van der Put ran the South Carolina mill under previous owners ArcelorMittal for three years up until 2009 before taking up senior posts with the firm in Brazil, most recently as chief technology officer for long products in that country.

    Liberty Steel USA now has total electric arc furnace melting capacity of 1.8 million tons per annum as well as 1.5 million tons of wire rod rolling capacity.

    Source : Strategic Research Institute
  20. forum rang 10 voda 9 mei 2019 15:36
    Electrosteel Steels turnaround after acquisition - Vedanta

    ET reported that Vedanta Ltd has said its acquisition of Electrosteel Steels Ltd has led to a turnaround in the company in a space of eight months. Vedanta CEO Mr Srinivasan Venkatakrishnan said “It was a combination of right people, higher volumes and tight cost control that led to the change.”

    Vedanta said ESL has achieved an EBIDTA of USD 130-140 per tonne. At the time of acquisition ESL had a EBIDTA of USD 65 per tonne. The company reported a run rate of 1.5 million tonne of hot metal in March 2019 which translated to a production of 1.4 million tonne.

    Mr Arun Kumar CFO Vedanta said “It is more than double the ESL production volume of 6 lakh tonne when we acquired it. Vedanta is on course to ramp up capacity at ESL to 2.5 mt to 3 mt by FY20 through a ‘small capex’ to unlock the benefit of scale and lower unit costs. In step: we are hopeful of achieving an EBITDA of USD 200 per tonne at ESL.”

    Source : ET
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ArcelorMittal Nieuws

  1. 16 apr Deutsche Bank haalt ArcelorMittal van de kooplijst 1
  2. 12 apr Video: cyclische aandelen bieden kansen
  3. 09 apr World Steel Organisation ziet vraag naar staal weer groeien
  4. 22 mrt Mondiale staalproductie in de lift
  5. 12 mrt ArcelorMittal neemt groot belang in Vallourec
  6. 05 mrt Beursblik: experts vinden koerswinst Besi wel mooi geweest
  7. 23 feb Mondiale staalproductie daalt opnieuw
  8. 08 feb ING: ArcelorMittal doet het beter dan verwacht
  9. 08 feb Fors verlies voor ArcelorMittal
  10. 06 feb Beursblik: winstgevendheid ArcelorMittal onder druk

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