Van beleggers
voor beleggers
Uitgebreid zoeken

Beurscodes, betekenis en hulp bij zoeken

Europa

AEX
Euronext Amsterdam
BRU
Euronext Brussels
PSE
Euronext Paris
LIS
Euronext Lissabon
CHX
CBOE Europe, grote(re) EU aandelen
NAV
Investment Funds (NAV)

Noord-Amerika

NYS
New York Stock Exchange
OTC
CBOE BZX Exchange (US)
TSE
Toronto Stock Exchange

Kunt u een instrument niet vinden?

Zoek dan via de zogenaamde ISIN code. Elk instrument, aandeel etc. heeft een unieke code.

Kies vervolgens - wanneer er meerdere resultaten zijn - de notering op de beurs van uw keuze.

Waar vind ik die ISIN code?

Google de naam van het instrument, aandeel etc. met de toevoeging 'ISIN'.

Als zoeken op ISIN code geen resultaten oplevert hebben wij het instrument of aandeel niet in onze koersendatabase.

desktop iconMarkt Monitor
  • Word abonnee
  • Inloggen

    Inloggen

    • Geen account? Registreren

    Wachtwoord vergeten?
Home  /  Forum  /  Arcelor Mittal  /  Nieuws en info hier plaatsen (deel 2)

Ontvang nu dagelijks onze kooptips!

word abonnee

Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 24,300 3 mei 2024 17:35
  • -0,030 (-0,12%) Dagrange 24,160 - 24,680
  • 1.804.974

Nieuws en info hier plaatsen (deel 2)

1.000 Posts
Pagina: «« 1 ... 43 44 45 46 47 ... 50 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 17 augustus 2012 15:03
    Chinese steel market awaits turnaround in the twilight of 2012

    After incessant shedding witnessed over the last two quarters in domestic levels in China market has been hoping for resurgence in Q3 & Q4. 12% drop in steel prices in the first 7 months was not surprising since the market dovetailed the misery in EU and USA the two major trading partners. Even though the monotony was broken at times on speculative flare but the price trends defied all traditions of seasonality.

    Government obsessed with reining inflation never stopped breathing down the neck of reality sector which has been the propellant of market demand but has acquired the devilish hue of inflation and speculative demand. Opting for caution over exuberance lest the Chinese economy goes the European way pumped on non-existent demand has been prudent. On the flip side Chinese flagship GDP gradually sank to 8.1% in July from the quintessential rate touching double digit all through the post recessionary. Unable to sustain the onslaught of global economic debacle compounded by tightened credit was too much for the juggernaut.

    A belated slackening of CRR by the People’s Bank of China (PBOC) in 3 tranches fizzled out being too little too late. Meanwhile the impudence of Chinese mills was personified in ever increasing steel production in blind quest of retaining the market share. The devastation wrecked by splurge in production against all tenants of rationale led to nearly 9% growth in inventory levels during the last 8 months. A close look at the price movements reveals that the decline has been skewed particularity in July losing 8%. One can take cover under slow construction activity in monsoon but that doesn’t wash off the sins of rollicking production.

    Off late some sobriety is seen in the market as downfall in steel prices having reduced. Market has quieted over the past one week expectedly having bottomed out.

    Clamor for stimulus is becoming shriller as the only un-trodden course when the GDP estimates are sinking to sub 8% levels. Domestic finished inventory touching nearly 16 million tonne has played havoc with the export levels falling by nearly USD 70 per tonne within a week. Monsoon over and the government sponsored construction projects slated to take off in housing, railroad and infrastructure experts opine that turnaround is on cards.

    Some half-hearted voices in government hinting at reduction in lending rate and other growth kindling stimulus has raised hopes. However an affirmative signal of demand generation are lacking with global cues swinging in oblivion. Most of the mills have tightened their belts with daily crude steel production declining by 4% in July over June but the monthly production of 61 million tonnes in July is unnerving. In a realistic move most of the steel majors have reduced steel prices in September by CNY 100-200 per tonne.

    In the twilight of 2012 flickers of demand and price improvement is possible but won’t be sustainable unless it is supported by improvement global sentiments. Europe and Middle East slated to re-open after Ramadan and summer recess improved buying in these regions is expected since the inventory levels are low. Moreover MENA nations, Egypt, Libya etc are due for re-construction after the political upheaval and devastation.

    End August early September has some surprise in store if the government opts for credit easing and bullishness on state projects to accomplish FY12 targets. If the odds are unfavorable this might be last chance missed by the state and market at redemption from an economic morass.

    Source - Strategic Research Institute
  2. forum rang 10 voda 17 augustus 2012 15:06
    Need for a funding agency for steel sector - SAIL

    SAIL said that India needs to put in place a funding agency exclusively for the steel sector, on the lines of Power Finance Corporation.

    Mr CS Verma chairman of SAIL told PTI in an interview that "India's steel making capacity currently stands at around 80 million tonnes per annum. It is being projected to go up to 200 million tonnes per annum by 2020. But, there is not a single funding agency for steel sector, like PFC or REC in power. We need to have such an agency for the steel sector.”

    According to industry thumb rule, around USD 1 billion is needed for creating 1 million tonne capacity, which would call for an investment of USD 120 billion in the country's steel sector in the next 6 to 7 years.

    Mr Verma wondered that "We don't have a specific bank or institution for steel sector and almost every bank has reached the maximum exposure limit for the sector. Now, there is so much funding required. Where do we get the money?"

    PFC has come a long way in its 25 years of journey from a modest disbursement of just INR 101 crore in 1988 to a whopping INR 34,122 crore in the 2011-12 fiscal. Cumulative disbursement by the company since inception stood at INR 173,049 crore, as on March, 2011.

    Mr Verma's view appear to have industry wide support.

    An official at a leading private sector steel firm said that "The Indian government should have thought of this long ago. Though it intends to jack up the country's steel making capacity to 200 million tonne by 2020, it is yet to take any initiative which would have helped the industry to raise capacity.”

    Another official said that "It (such an agency for the sector) is due for more than a decade.”

    The working group on steel industry for the 12th Five Year Plan, which pegged INR 250,000 crore investment in the sector up to 2017 for adding 60 million tonne capacity, had raised concerns about the means of funding in the sector.

    It had said that "FDI in the steel sector has been lagging despite massive investment intentions by some major global steel majors. In order to ensure sufficient availability of financial resources for the growth of the industry, it is imperative to review steel related sectoral caps for the banking sector.”

    It said that "Government may also consider easing of norms connected with external borrowings. Special purpose long-term financing facility may be created to finance huge investment in new steel plants.”

    Source - Business Line
  3. forum rang 10 voda 17 augustus 2012 15:08
    ArcelorMittal takes up Jharkhand mines issue with Centre

    PTI reported that not able to make progress in its proposed INR 50,000 crore steel project in Jharkhand, steelmaker ArcelorMittal has sought Centre’s help in expediting grant of mining lease in the State.

    Raising the issue of inordinate delays in getting mining lease for Karampada mines in Singhbhum district in Jharkhand, ArcelorMittal has told the Steel Ministry that ”All requirements have been completed but Stage Forest clearance is pending for the last 24 months.”

    ArcelorMittal had entered into a pact with Jharkhand government way back in 2005 for setting up a 12 million tonne per annum steel plant at an estimated cost USD 12 billion (INR 50,000 crore).

    The Centre had given its nod to the state government’s proposal for granting prospecting licence to ArcelorMittal over 662.95 hectares of land in Karampada region in 2010. The mine is estimated to have 200 mt of iron ore reserves.

    According to a Steel Ministry official, after the global giant raised the issue of delays, Secretary Steel, Mr DRS Chaudhary has urged upon the state government to have a single window system for handling such applications.

    The official said that the Jharkhand government, in turn, has said it is awaiting a decision in a case of similar nature.

    The steelmaker has also been facing delays in land acquisition and regulatory hurdles to launch the venture.

    Faced with opposition from villagers from the Khunti, Gumla areas, where the plant was proposed initially, it is making efforts to acquire land at Petarwar in Bokaro district in the State.

    Source - Business Line
  4. forum rang 10 voda 17 augustus 2012 15:12
    Iran 4 month crude steel output tops 5 million tonnes

    Tehran Times reported that Iran produced over 5 million tonnes of crude steel during the first 4 months of this year which began on March 20th 2012, showing 7.6% growth YoY. The output stood at 1.909 million tonnes in the 4 month.

    Mr Vajihollah Jafari deputy industry minister of Iran said that the country’s annual crude steel output is projected to reach 55 million tonnes by 2025. The output stood at 12.7 million tonnes last year. Iran also had produced some 16 million tonnes of steel products.

    Mr Mehdi Ghazanfari Industry, Mine and Trade minister of Iran said said that Iran will become one of the world’s main steel exporters by March 2016.

    Mr Hamidreza Taherizadeh vice chairman of the Association of Iranian Steel Producers said that Iran will be a self sufficient steel producer in the next three years.

    He said that despite global economic sanctions, the country’s steel output increased by 5 million tonnes during the past 2 years reaching 17 million tonnes.

    Source - Tehran Times.com
  6. forum rang 4 s.lin 24 augustus 2012 20:20
    42 jobs bedreigd door sluiting ArcelorMittal in Mechelen
    24/08/12, 19u26
    In de vestiging van ArcelorMittal in Mechelen heeft de directie vanavond op een ondernemingsraad de intentie bekendgemaakt om de fabriek te sluiten. Dat zegt ACV-secretaris Luk De Bock. Momenteel werken er nog 42 mensen in de vestiging: 29 arbeiders en 13 bedienden. Of zij allen hun baan verliezen, moet nog worden onderhandeld. .

    In Mechelen worden platen gemaakt voor de omkasting van machines van bedrijven uit de regio. Hoewel het al een tijd slecht ging met de fabriek, komt de nakende sluiting toch nog als een verrassing voor personeel en vakbonden. "Het is natuurlijk crisis en de fabriek kampte met een dalende omzet, maar dit is toch drastischer dan we hadden verwacht", zegt De Bock.

    Ontmanteling en verhuis
    Volgens de vakbondsman zal ArcelorMittal de activiteiten van Mechelen verplaatsen naar een andere vestiging. "Men heeft de afgelopen tien jaar nog serieus geïnvesteerd in nieuwe installaties. Die zullen allicht ontmanteld en verplaatst worden. Maar of dat betekent dat er elders ook nieuwe banen zullen vrijkomen, valt te betwijfelen."

    Het slechte nieuws uit Mechelen is volgens De Bock niet noodzakelijk een voorbode voor nog meer banenverlies bij de metaalreus. Volgende week starten de verkennende gesprekken tussen directie en vakbonden over de verdere afhandeling van de sluiting.

    Bron: belga.be
  7. forum rang 10 voda 27 augustus 2012 16:40
    ThyssenKrupp seeks EUR 7 billion for US and Brazil mills - Report

    Reuters reported that German steelmaker ThyssenKrupp plans to sell its US and Brazilian mills separately for at least the book value, which is about EUR 7 billion.

    ThyssenKrupp plunged to a net loss in 2011, hit by the cost of expansion in Brazil and the United States, which has backfired amid weakening demand and rising material prices.

    The group is now slimming down to cut debt and focuses on its European heartlands and, having sold its stainless steel division and its super yachts business, is looking at selling other assets including Brazilian and US mills. It put its 73% stake in the Brazilian mill and its brand new US flat rolled carbon steel mill in Alabama up for sale in mid May 2012 after years of struggling with delays and cost overruns.

    Mr Heinrich Hiesinger CEO of ThyssenKrupp said that "We may need two separate buyers, one for each plant."

    Mr Hiesinger said in May 2012 that ThyssenKrupp would offer the Brazilian plant to its partner Vale, which owns about a quarter of the slab producing plant venture, but will also talk to possible buyers in Asia.

    He added that "We at least want to fetch the current book value of the mills, which currently is around EUR 7 billion."

    Analysts doubt whether both mills are worth that much. They calculate a value of EUR 3 to EUR 4 billion, expecting further write downs. Analysts have also tipped ArcelorMittal, US Steel, Hebei, Baosteel and POSCO as potential buyers of the assets.

    Source - Reuters
  8. forum rang 10 voda 28 augustus 2012 17:20
    Desinvesteringen stuwen nettowinst Baoshan
    Gepubliceerd op 28 aug 2012 om 07:38 | Views: 196

    PEKING (AFN) - Het Chinese staalbedrijf Baoshan Iron & Steel heeft in de eerste helft van dit jaar een fors hogere nettowinst geboekt, dankzij de verkoop van bedrijfsonderdelen. Operationeel liet de winst echter een forse daling zien door de zwakke vraag en lagere staalprijzen. Dat maakte het bedrijf dinsdag bekend.

    De nettowinst klom met 89 procent tot 9,6 miljard yuan (1,2 miljard euro) in vergelijking met een jaar eerder. Baoshan verdiende ruim 9 miljard yuan met de verkoop van zijn roestvrijstaaltak en andere onderdelen aan het moederbedrijf Baosteel Group.

    De operationele winst zakte met 60 procent tot 2,7 miljard yuan. De staalvraag in China is afgenomen en de prijzen staan onder druk door overproductie. De omzet ging met bijna 12 procent omlaag tot 98,1 miljard yuan.

  9. forum rang 10 voda 28 augustus 2012 17:22
    ThyssenKrupp plans separate sale of Calvert plant - CEO

    Reuters reported that ThyssenKrupp AG plans to sell its Alabama and Brazilian mills separately for at least the book value, which is about USD 8.8 billion combined.

    The German steelmaker said in May 2012 that it wants to sell its carbon steel operations in Alabama and Brazil, following severe first half losses and years of delays and cost overruns. It has already segregated its stainless steel business, renaming it Inoxum, and plans, later this year, to sell it to Finnish company Outokumpu Oyi.

    Mr Heinrich Hiesinger CEO of ThyssenKrupp said that "We may need two separate buyers, one for each plant. We at least want to fetch the current book value of the mills, which currently is around EUR 7 billion."

    Analysts in the past year have calculated a value between EUR 3 billion and EUR 4 billion for each mill.

    It was reported that about 10 groups have shown interest in the sale, including the steelmakers Ternium SA, Companhia Siderurgica Nacional SA and ArcelorMittal. It also was reported that the company wanted sale offers by September 28th 2012, but ThyssenKrupp officials would neither confirm nor deny the deadline.

    Earlier this month, following increased raw materials costs and slower than projected growth in carbon steel demand, ThyssenKrupp Steel USA said that it will reduce the workforce of its Calvert plant by 197, 143 of which are hourly positions.

    Before the changes, ThyssenKrupp employed about 1,653 people for the carbon steel side of the Washington County facility. Another 750 work on the stainless side there.

    Source - Reuters
  10. forum rang 10 voda 29 augustus 2012 16:49
    Mauling in the Chinese steel market throws up gory prophecies

    Endless misery in Chinese steel market has borne catastrophic impact on the global sentiments. Caught in an endless whirlpool repetitive analysis is pedantic though unavoidable.

    Errant mills gushing out steel with impunity and impudence scoffing at the tenants of rational marketing only deepens the cesspool. Hard landing in both finished and iron ore prices by 5% and 15% in August alone has gone unnoticed by the mills culminating in inventory levels reaching nearly 16 million ton. Even though major flat and long product mills have reduced the September price by CNY 100 to 200 per tonne it is the small players in the hinterland of dragon land playing havoc. These mills have been unrelenting in production merely conforming to socialistic postulates of employment.

    Economy handicapped by tight credit holding tight nos on the fanciful reality market has tottered lower GDP (7.6%) in July. State funded infrastructure and housing projects have been a non-starter.

    Unwieldy steel stocks and continued production by mills have back lashed on the iron ore prices which has dropped lowest levels since 2009 March at USD 104 per tonne CNF China . Impact has been so stunning that it has dropped by 11% during last week alone. Stock pile at Chinese port at nearly 100 million tonne nudges mills to blend import with lower grade domestic material consume.

    An estimate by ANZ bank predicts that the current inventory to reach optimum level would take at least 6 to 9 months before the market takes a turn. Demand swings notwithstanding such prolonged normalization makes outlook gloomy.

    Government might get into overdrive in Q4 to complete yearly targets before the change of guard at the helm. However it calls relaxation of lending rate even at the risk of partial hike in inflation. Stepped up spending on state aided housing, infrastructure projects and railways will make a difference. Ease of credit will have positive impact on consumerism giving crutches to declining PMI (48) remaining below 50 for the 5th straight month.

    Ironically indirect infusion of CNY 278 billion during last 10 days through open market operations by PBOC and slight improvement in reality prices has not translated into hike in steel prices. About a month to go for Chinese national holidays (1-7th October) odds are pinned on post holiday period for pre-winter buying.

    Source - Strategic Research Institute
  11. forum rang 10 voda 30 augustus 2012 16:35
    Energy Saving and emission reduction from China steel mills continues

    Under such gigantic overcapacity for the time being, energy saving and emission reduction is the key point for Chinese steel mills on their industrial transformation and upgrades.

    Source: www.steelhome.cn/en
    China steel information centre and industry database
  12. forum rang 10 voda 30 augustus 2012 16:38
    TATA Steel's domestic business may drag global play - Report

    For TATA Steel, its profitable domestic operations helped cushion much of the pain caused by its wholly owned European subsidiary. But not anymore, as India's oldest steelmaker is confronted by a sharp fall in profits in the June 2012 quarter at its Indian operations, which could worsen, if bearish trends prevail in the industry.

    The Jamshedpur based steelmaker, which consistently gained from captive resources and a marquee product basket, compared to lackluster performance from its much larger international subsidiary, saw its bottom line fall 39% in the June 2012 quarter as jittery customers postponed purchases of automobiles and consumer durables.

    What is worrying investors is the company's bet that returns from its forthcoming Greenfield project in Odisha would also contribute toward servicing the debt, which by the end of June 2012 totaled INR 54,000 crore.

    A 38% rise in expenses and a surge in raw material prices it doesn't own, coupled with the overall sluggish demand, was all it took to drag down the fiscal first quarter profits at the over 100 year old company, largely credited to be the backbone for the sprawling TATA conglomerate.

    But the lack of demand in India, considered to be the cornerstone for the industry worldwide, along with China, indicates that TATA Steel could likely take that much longer to climb back. TATA Steel did not respond to queries sent by ET.

    But a person familiar with the development said that the company is confident its future projects would start generating returns soon. TATA Steel is building a 6 million tonne plant in Odisha in two phases and the first phase will be implemented by 2014. It already makes 6.8 million tonnes at Jamshedpur and has a combined capacity of 27 million tonnes globally. It is also expanding Jamshedpur plant to 9.7 million tonnes.

    Unfazed by the downtrend, the steelmaker is committed to the expansion, for which Reuters reported the company is expected to mandate a project financing loan of up to INR 22,000 crore to fund its 6 million tonnes per annum Greenfield steel plant at Kalinganagar in Orissa.

    India's oldest steelmaker is confronted by a sharp fall in profits in the June quarter at its Indian operations, which could worsen, if bearish trends prevail in the industry

    Mr Rakesh Arora of Macquarie Securities said that "What the company is hoping is that returns from the Greenfield project will be high enough and will throw free cash flow to service its debt beyond the project debt. But, we think that given the sharp downward trend in iron ore and coking coal, the cash flow generation from these projects can be lower than expected and might put some strain on the company to meet its debt obligations."

    Mr Anubhav Gupta of Kim Eng Securities, part of Malaysia's Maybank Investment Bank, said that "The first quarter volume was 1.6 million tonnes, which is lower compared to our estimate of 1.7 million tonnes. Also the steel EBITDA of USD 346 a tonne (lower by 6%), is due to lower sales and high raw material costs. Although, TATA Steel will start its new 3 million tonnes plant in December 2012, with slowing demand, the company's target of 20% rise in FY 2013 sales volume seems optimistic. Our forecast is 7.3 million tonnes."

    Source - Economic Times

  13. forum rang 10 voda 30 augustus 2012 16:40
    Essar Steel wins global pipe orders worth INR 400 Crore

    Essar Steel announced that it has received two sizeable orders from Middle East and Africa for manufacturing of API (American Petroleum Institute) grade steel pipes worth INR 400 crore. This takes the total order book of the pipe mill to approximately INR 1000 crore indicating strong order inflow for the company.

    The first order in Africa is for the construction of 4000 mt offshore line pipe application which will be used in a Chevron project. Customer from Middle East placed its second order with company for 45000 mt of 48 inch high grade coated pipes that are to be supplied in the coming quarter. This will facilitate the company in strengthening its position in the niche market segment worldwide.

    Commenting on the recent order win, Mr Dilip Oommen, MD & CEO of Essar Steel India said that “This is reflection of Essar Steel’s integrated capability to produce world class pipes. To cater to the wide range of pipe products manufactured through various routes, our Pipe mill has full-fledged facilities for inspection and testing to ensure production of high quality pipes including sour service. Our aim is to become a preferred supplier of quality steel to all our customers, domestically and globally.”

    Essar Steel’s pipe mill has the capability to manufacture 6,00,000 tonnes comprising 2,75,000mt per annum of API-grade HSAW (Helical Submerged Arc Welding) Line pipes, ranging from diameters 16” to 110”, thicknesses 6.4mm to 25.4mm in Grades through and up to X-80 and 3,25,000mt per annum of API-grade LSAW (Longitudinal Submerged Arc Welding) Line pipes, ranging from diameters 16” to 60”, thicknesses 6.4mm to 65mm in Grades through and up to X-80. The facility is an amalgamation of best-in-class technologies including tube mill, Welding technology, Inspection technology and is fully automated with the least manpower requirement with respect to the prevailing industry norms.

    API grades of steel pipes require a fine grain structure for maximum impact resistance - an important performance feature for line pipe applications, preventing any crack in the steel from propagating down the line. The company’s products has been accorded American Petroleum Institute (API) certification besides recent approvals from SHELL GLOBAL, ENI, SAIPEM, OCCIDENTAL-QATAR and ECOPETROL,PACIFIC RUBILAES in Columbia within the last ten months, paving its way to cement its position in the highly demanding oil and natural gas industry.

    Source - Essar Steel
  14. forum rang 10 voda 30 augustus 2012 16:41
    Indian iron ore exports fall 36.7% to 61.8 million tonne in FY'12

    Economic Times reported that iron ore exports declined to 61.8 million tonne in 2011-12 an estimated 36.7% fall according to provisional figures available for the year. Compared to this, the country iron ore exports had touched 97.66 million tonne in 2010-11.

    The fall in export volumes can be attributed to a government decision to raise export duty on iron ore from 20% ad valorem to 30% ad valorem on all grades of ore with effect from December 30, 2011.

    Uunion steel minister Mr Beni Prasad Verma said in the Lok Sabha that The move was aimed at discouraging export of iron ore and increase its availability for domestic iron and steel industry at an affordable price.

    According to provisional estimates by IBM, ministry of mines, the country produced 169.66 million tonnesd uring the year 2011-12 as against thetotal estimated consumption of about 116.3 million tonneof iron ore by the domestic iron and steel industry.

    The minister said, iron ore is in deregulated sector and decision regarding export of iron ore is taken by individual companies/ miners in terms of theForeign Trade Policy notified by the ministry of commerce and industry, from time to time.

    According to figures from Joint Plant Committee, ministry of steel, the country's finished steel production is estimated to have reached 73.42 million tonne in 2011-12, as against a real consumption of 70.92 million tonne.

    Exports of steel reached 4.04 million tonne against 3.64 million tonne in 2010-11. Compared to it, in 2010-11, the finished steel production was 68.62 million tone and real consumption at 66.42 million tonne.

    Source - Economic Times
  15. forum rang 10 voda 30 augustus 2012 16:42
    Downsizing deals - Schnitzer Steel to lay off 300 people

    Schnitzer Steel Industries Inc, which makes recycled ferrous metal products, said that it will reduce its workforce by about 7% as falling prices hit profits.

    The company, which will cut 300 jobs, expects to break even on an adjusted basis, excluding restructuring charges of about 12 cents per share, in the current quarter.

    Analysts are expecting fourth quarter profit of 24 cents per share.

    Source - Reuters
  16. forum rang 10 voda 30 augustus 2012 16:43
    ArcelorMittal and USW have 3 days to finalize contract - Report

    ArcelorMittal, which operates a steel mill in Coatesville, and the United Steelworkers union have three days to settle differences and finalize a contract before the current one expires.

    The two sides have been negotiating the national contract through the summer and are still trying to agree on issues including contracting out, wages, pensions for new hires and seniority protections.

    The contract covers the workers at about a dozen ArcelorMittal plants in the United States, including the three in Pennsylvania: Conshohocken and Steelton in addition to Coatesville, where 720 steelworkers are represented by USW Local 1165.

    Conhohocken's 277 steelworkers are represented by USW Local 9462 and Steelton's 570 steelworkers are represented by Local 1688.

    If a contract isn't approved by 11:59 PM on September 1st 2012, the two sides have several options: continue the current agreement, the union could strike, changes to the terms and conditions of employment by the company could be made or the company could suspend some operations.

    The two sides seemed far apart, starting with the tone of the bargaining meetings.

    The Steelworkers' negotiating committee told members that "ArcelorMittal's latest contract proposal is incomplete, inconsistent and very dangerous."

    A company spokeswoman said that "As we get closer to the contract deadline of September 1st 2012, ArcelorMittal is in continuous dialogue with the United Steelworkers and remains optimistic about reaching a fair and equitable contract with the USW without a work stoppage."

    Neither the company nor the union would talk about specifics of the negotiations.

    Mr Bill Sharp Jr president of Local 1165 said that "There's not much that can be given out at this point. In general, the negotiations have been hard. They are not moving too well. As a result, there is a lot of concern among the steelworkers."

    According to union negotiators, ArcelorMittal management has ignored union input on issues that affects the long term viability and sustainability of ArcelorMittal plants and refuses to address the needs of union membership regarding capital investments in plants, wages, retirement, seniority and other rights on the job and that's just the beginning.

    The company continues to insist on establishing a two tier structure, with new workers to receive lower wages in some cases permanently and in other cases for as long as six years and no pension benefits, union negotiators told steelworkers in membership update.

    They said in a statement that "History has shown that two tier systems create resentment, conflict, and disunity disrupting the teamwork and harmony that we all know is essential to a productive and profitable operation. This is bad for the company and worse for us, yet management continues to propose it."

    The union negotiators added that the company continues to insist on ever greater rights to contract out work and it continues to resist the union's efforts to ensure that steelworkers are properly trained to ensure the smooth operation of the plants.

    Meanwhile, the company said that as a precautionary measure and consistent with measures taken during past labor negotiations, ArcelorMittal has recently begun the process of taking asset preservation steps at its facilities should a work stoppage occur.

    The company said that "We trust that our employees will remain focused on safely performing their job functions and not allow negotiations to serve as a distraction."

    Source - Daily Local News
  17. forum rang 10 voda 30 augustus 2012 16:58
    Vale sees iron ore rebound as China producers cut supply

    Bloomberg reported that Vale SA, the world largest iron ore producer, expects the steel making ingredient to rebound this year because current prices aren’t profitable for producers in China and other countries.

    Mr Roberto Castello Branco company Investor Relations Director told reporters at an event in Rio de Janeiro that iron ore below USD 120 per ton is a short lived situation. Vale is not among the suppliers planning to reduce output because it has low production costs.

    He said that “The iron-ore price is below the cost for marginal producers not only in China but also in other countries. If you are a producer with higher costs, you won’t continue producing at a loss; you will stop your operations.”

    Iron-ore fell below USD 100 for the first time since 2009 last week on concern that rising stockpiles and slowing growth in China, the biggest buyer will cut demand for the raw material. The decline pushed Vale shares to the lowest level in almost three years.

    Source - Bloomberg
  18. forum rang 10 voda 30 augustus 2012 16:59
    Philippines Port to receive the world's biggest iron ore carrier

    A Valemax ship will dock at the Villanueva port in the Mindanao island, in the Philippines, for the first time in October. The world's biggest iron ore carrier, with the capacity to transport up to 400,000 metric tonnes of iron ore and capable of reducing carbon emissions by 35% per ton of ore transported, will be loaded in the Ponta da Madeira Maritime Terminal, in Maranhão state, Brazil, in September, and deliver the cargo to Japan's JFE Steel at its Philippines Sinter Corp in Mindanao. JFE is one of Vale's biggest clients.

    This will be the maiden voyage of the ship, called Vale Minas Gerais. The vessel was the 14th of the Valemax series to be delivered.

    The Valemax ships are part of Vale's strategy to reduce the economical distance between Brazil and Asia, the main consumer market for iron ore. With the goal of maximizing the efficiency of its operations and meet global demand, Vale conducts several initiatives to achieve greater economies of scale. The vessels are part of a logistics solution linking the company's maritime terminals in Brazil and its Asian and European clients. The very large ore carriers adhere to strict safety standards and contribute significantly towards reducing the carbon footprint in the long haul transportation of iron ore as well as to reductions in the cost of seaborne transportation of iron ore to steelmakers.

    So far, the Valemax vessels have called at the ports of Tubarão and Ponta da Madeira (Brazil), Taranto (Italy), Rotterdam (Netherlands), Sohar (Oman) and Oita (Japan). They have also regularly called at Vale's floating transfer station in Subic Bay, in the Philippines. Mindanao port becomes then a new port destination in the region. By the end of 2013, there will be a total of 35 similar vessels available to transport Vale's iron ore 19 owned by Vale and 16 chartered from international shipowners.

    Source - www.4-traders.com
  19. forum rang 10 voda 31 augustus 2012 14:51
    Metaalmoe

    Weinig fondsen op het Damrak hebben zo’n grote correlatie met de macro-economie als ArcelorMittal. En dat maakt het fonds momenteel tot een lastige belegging.

    ArcelorMittal is een cyclisch fonds: in hoogconjunctuur wordt er veel gebouwd, en dus is er vraag naar staal en stijgen de prijzen. Die conjunctuur is in Europa al een paar jaar passé, maar dat werd deels gecompenseerd door China. Dat land had een jaarlijkse economische groei van ten minste 10%.

    Uitdagende marktomstandigheden

    De Chinese economie vertraagt, er wordt minder gebouwd, dus daalt de vraag naar staal en daarmee de prijs. De grote staalbedrijven op de beurs van China staan dit jaar allemaal lager, waarbij koersdalingen van meer dan 10% niet uitzonderlijk zijn. In maart meldde Wuhan Iron & Steel dat door de afzwakkende Chinese groei de nettowinst in het eerste kwartaal met liefst 93% was gedaald.

    Zo dramatisch is het bij ArcelorMittal zeker niet, maar het fonds, dat met een weging van 4,5% in de AEX zeker tot de middenmoters in de index mag worden gerekend, sprak eind vorige maand van ‘zeer uitdagende marktomstandigheden’.

    China kampt met overcapaciteit, en ondertussen bleek eind juli dat de staalexport van het Aziatische land op het hoogste punt in twee jaar was uitgekomen. China lijkt zijn staal dus elders te dumpen, en dat is slecht voor de omzet en vooral de marges van ArcelorMittal, omdat de Chinese uitverkoop de staalprijzen zal drukken.

    Daarnaast worstelt Europa met de voortwoekerende crisis. En ook op dit continent is er sprake van overcapaciteit.

    Beurs macro-economisch gedreven

    ‘De beurs is momenteel macro-economisch gedreven’, zegt analist Tijs Hollestelle van ING. ‘Als de politiek het vertrouwen geeft, dan komen er weer investeringsbeslissingen in de auto-industrie en de bouw. Nu is daar onzekerheid en dus worden de investeringen uitgesteld.’ Daarom daalt de vraag naar staal, en ook dat drukt weer de koers van ArcelorMittal. Die is dit jaar met 14% gedaald. Dat is conform de gehele sector: ThyssenKrupp staat in Duitsland 7% lager, Nippon Steel staat in Tokio op -14% en in Brazilië staat Vale dit jaar op -12%.

    Complicerendefactor is nog de $22 mrd nettoschuld van ArcelorMittal. Het bedrijf wil de balans versterken, onder meer door niet-kernactiviteiten te verkopen. Anders dreigt het de ‘investment grade’ kredietstatus te verliezen. Volgens kredietbeoordelaars moet de schuld echter met maximaal $7 mrd worden teruggebracht. ‘Dat lijkt ons een uitdaging’, schreef Rabo-analist Frank Claassen na de kwartaalcijfers. ‘En we lopen liever het risico op een downgrade dan dat er in het huidige klimaat bij aandeelhouders noggeld moet worden opgehaald.’

    Want de koers van ArcelorMittal cirkelt dicht bij het laagste punt ooit, en dan is een emissie uiterst ongunstig. Topman Lakshmi Mittal sprak eind juli over een ‘realistische aanpak van de problemen’. Ondertussen blijft ArcelorMittal een lastige belegging.

    Carel Grol

    Bron: FD.nl
  20. forum rang 10 voda 31 augustus 2012 14:58
    ArcelorMittal initieel equalweight advies - Morgan Stanley


    AMSTERDAM (Dow Jones)--Morgan Stanley is begonnen met het volgen van ArcelorMittal (MT.AE) met een equalweight advies en een koersdoel van EUR14,10. De analisten stellen dat de belangrijkste reden waarom ze het staalbedrijf geen overweight advies geven de voortdurende onzekerheden over de balans zijn. ArcelorMittal moet volgens hen bezittingen blijven verkopen om zijn schuld terug te brengen, uitbreiding van mijnbouwactiviteiten te financieren en dividend uit te betalen. Omstreeks 9.30 uur noteert het aandeel 0,8% hoger op EUR11,65, terwijl de AEX met 0,1% stijgt. (LDF)


    Dow Jones Nieuwsdienst: +31-20-5715200; amsterdam@dowjones.com
1.000 Posts
Pagina: «« 1 ... 43 44 45 46 47 ... 50 »» | Laatste |Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met je emailadres en wachtwoord.

Direct naar Forum

Premium

Q1 pleister op de wonde voor stroef ArcelorMittal

Het laatste advies leest u als abonnee van IEX Premium

Inloggen Word Abonnee

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

Lees verder op het IEX netwerk Let op: Artikelen linken naar andere sites

Gesponsorde links

Meld u aan voor de dagelijkse Beursupdate

Dagelijks een update van het laatste beursnieuws en beleggingskansen in uw mailbox!