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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

Laatste koers (eur) Verschil Volume
23,610   -0,120   (-0,51%) Dagrange 23,410 - 23,710 2.594.779   Gem. (3M) 2,3M

Arcelor Mittal april

1.229 Posts
Pagina: «« 1 ... 42 43 44 45 46 ... 62 »» | Laatste | Omlaag ↓
  1. ijzervreter 23 april 2018 08:37
    Iron ore and steel futures are going nuts

    DAVID SCUTT
    APR 23, 2018, 1:23 PM
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    Photo: Getty Images.
    Chinese steel and iron ore futures are soaring again on Monday, adding to the substantial gains achieved last week.

    Here’s the scoreboard as at 12.50pm AEST.

    SHFE Rebar ¥3,545 , 2.01%
    DCE Iron Ore ¥478.50 , 2.46%

    Both rebar and iron ore futures sit at one-month highs, rebounding strongly after tumbling on Friday.

    The price action in futures has been wild in recent days, indicating that speculative activity has increased.

    Today’s rally coincides with news that Chinese rebar and iron ore inventories continued to decline last week, adding to optimism over the outlook for Chinese steel demand and its raw ingredients.

    According to Thomson Reuters, citing data from Mysteel Consultancy, rebar inventories held by Chinese traders fell to 8.252 million tonnes, well below the 8.68 million tonne level reported a week earlier.

    Chinese iron ore port inventories also declined, falling marginally to 160.13 million tonnes.

    The data may explain the sizeable reversal in futures markets seen today.
  2. ijzervreter 23 april 2018 08:49
    Arcelor-Nippon Steel's battle for India's Essar leads sector shakeup
    Global players swoop in on bankrupt peers to take over prime assets

    AKIRA HAYAKAWA, Nikkei staff writer
    April 23, 2018 11:50 JST

    A labourer works inside a steel factory in India. © Reuters
    MUMBAI -- A series of bankruptcies in India's steel industry has put the sector on course for a sweeping consolidation, as producers here and abroad battle to take over prime assets.

    Essar Steel, the country's fourth-largest steelmaker, is up for sale after filing for bankruptcy proceedings last year, and it is expected to announce a buyer as soon as in May. The winning bidder would gain control of 10 million tons in annual production capacity, equal to one-tenth of India's crude steel output in 2017.

    India is expected to eclipse Japan this year as the world's No. 2 steel producer behind China. But Essar, like many of the country's steelmakers, has been forced into insolvency by a pile of debt stemming from overinvestment and rising production costs, even as output has remained strong for goods ranging from steel sheet to pipes.

    A joint bid for Essar by ArcelorMittal and Nippon Steel & Sumitomo Metal is among the top contenders. Though Luxembourg-based ArcelorMittal's initial bid was ruled ineligible due to the company's joint venture with a debt-laden Indian peer, the company has since left that partnership and re-entered the running with its Japanese partner.

    "We believe that ArcelorMittal, together with [Nippon Steel], has the most relevant credentials and experience, and is the most credible owner for Essar Steel," Chairman and CEO Lakshmi Mittal said.

    Numetal, a vehicle backed by Russia's VTB Capital and Essar's founding family, also is making a new bid after its first offer was ruled ineligible. This time around, the company has teamed with JSW Steel, India's top steelmaker with 18 million tons of production capacity.

    Both ArcelorMittal and Numetal appealed their previous ineligibility rulings to India's National Company Law Tribunal. NCLT on Thursday asked the committee of creditors of Essar Steel to reconsider the first round of bids.

    If the tribunal fails to issue decisions by April 29 -- 270 days after bankruptcy proceedings began -- Essar's assets, such as a large steel mill and blast furnace complex in India's Gujarat state, could be liquidated, said Shigeo Asano, managing director of JFE Steel India. Japan-based JFE Steel holds a 15% stake in JSW.

    Tata Steel, India's No. 3 producer, showed interest in Essar but has declined to bid. The company already has a deal on its plate: Tata was chosen over JSW in March to buy Bhushan Steel, a struggling midsize steelmaker. The deal combines Tata's 13 million tons of capacity with Bhushan's 5.6 million tons.

    The Reserve Bank of India, the central bank, last year identified 12 companies for immediate bankruptcy proceedings in its effort to rid the economy of nonperforming debt, which totaled 8.46 trillion rupees ($128.7 billion) at the end of December. These included five steelmakers: Monnet Ispat & Energy, Electrosteel Steels, Essar, Bhushan and sister company Bhushan Power & Steel.

    These companies' creditor banks went to the tribunal to set bankruptcy proceedings in motion. While Tata takes over Bhushan, Monnet Ispat will be acquired by JSW.

    Vedanta Resources, of the sprawling Vedanta Group, said Tuesday that the tribunal approved its plan to acquire Electrosteel.

    Nikkei staff writer Tomoya Onishi in Tokyo contributed to this article.
  3. ijzervreter 23 april 2018 09:40
    Artikel gelezen over VS (site Nasdaq is even in onderhoud): zeer positieve berichten over staalbedrijven mn de verwachtingen voor Q2.
    Zal bericht plaatsen als ik er weer bij kan.

    IRON ore gaat door het dak in China eo. MT zit op het vinkentouw bij Essar. De q1 cijfers en de outlook van MT zouden wel eens vuurwerk kunnen geven.

    Vandaag naar het noorden. 29+ vandaag. Dat moet kunnen met iro ore +2% en meer
  4. forum rang 7 rene l 23 april 2018 12:34
    quote:

    nieneute schreef op 23 april 2018 10:22:

    ik kan wel een stevige opkikker van AM gebruiken want ik zit keidiep in de rode shit met alle andere stukken die ik in portefeuille heb :-(
    Ja, het jaar begon zo fantastisch, en kijk nu maar eens naar de koersen, velen zullen een illusie armer zijn.

    En dan te bedenken dat we volgens zeggen in een hoogconjunctuur zitten.

    Onze nationale brouwer gaat vandaag ex-dividend, al met al ben je per 5 aandelen weer een kratje bier lichter.
    Ook dacht ik aan de koers te zien dat Binck vandaag ex-dividend ging, die gebeurt echter pas aan het eind van de week.
    En het is maar goed dat de postbode vandaag geen post rondbrengt, ik zou hem zeker van de fiets getrokken hebben.

    Misschien ligt het ook allemaal wel aan het weer, het is weer een flink stuk kouder dan vorige week.
    Analisten zijn net weermannen, onvoorspelbaar, misschien krijgen we binnenkort tijdens het journaal ook wel beurstips van Amara Onwuka.
1.229 Posts
Pagina: «« 1 ... 42 43 44 45 46 ... 62 »» | Laatste |Omhoog ↑

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