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Home  /   Forum   /   Arcelor Mittal   /   Nieuws en info hier plaatsen (deel 3)

Aandeel ArcelorMittal LU1598757687

Laatste koers (eur) Verschil Volume
24,360   +0,140   (+0,58%) Dagrange 23,990 - 24,510 2.530.007   Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 3)

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1.513 Posts
Pagina: «« 1 ... 70 71 72 73 74 ... 76 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 26 juli 2013 16:18
    POSCO and ArcelorMittal exit wont impact Indian domestic market - Mr CS Verma

    According to some top domestic steelmakers, the decision of global steelmakers ArcelorMittal and POSCO to scrap their India projects will not upset the demand supply equilibrium in the country in the short to medium term.

    With economic growth in India slowing, the consumption of the alloy, a key input for industries such as infrastructure, automobiles and consumer goods, is expected to slacken, at least in the short term.

    According to SAIL chairman Mr CS Verma, there will be no impact on industry from the exit of these projects. He said that "No domestic steelmaker has cut or curtailed its capex. We will be touching 24 millions tonnes by the year end, and under our vision 2020, we target 50 mtpa adding that most integrated steel producers in the country are expanding capacity.”

    The steel market in India has a huge potential for growth, given the government's thrust on infrastructure and the stated objective of increasing the share of manufacturing to 25% of GDP. Based on an average GDP growth rate of 8%, domestic demand for steel is estimated to touch 155 million tonnes per annum by 2020.

    With several new capacities in the pipeline, India's crude steel capacity of 92 million tonne per annum now is expected to touch 200 million tonne per annum now by 2020. According to SAIL's Mr Verma, by the turn of the decade, demand and supply is expected to be more or less in balance in the Indian market.

    Source - Economic Times

  2. forum rang 10 voda 26 juli 2013 16:19
    ArcelorMittal invested USD 26 million in Odisha

    Bloomberg reported that ArcelorMittal had invested a total of USD 26 million in the Odisha steel mill in India it abandoned last week.

    The Luxembourg based company scrapped the project seven years after agreeing to the development because of delays in land purchases and mine allocations.

    Source - Bloomberg
  3. forum rang 10 voda 26 juli 2013 16:20
    Odisha objects to JSPL acquiring 60% stake in Gopalpur port

    Jindal Steel & Power Ltd’s plan to acquire up to 60% stake in Gopalpur Ports Ltd has been aborted with the Odisha government refusing to permit the company to acquire controlling stake in the project.

    The state government reasoned that acquisition of controlling stake by JSPL would violate the terms of concession agreement signed with the original promoters of GPL.

    An official of commerce & transport department said that “The law department has raised objections to acquisition of 60% stake in GPL by any firm. As per the concession pact signed with the developers of GPL, the original promoters of GPL have to retain at least 51% stake for at least three years from the start of commercial operations. So, we have refused dilution of 60 per cent in GPL in favour of JSPL.”

    JSPL said, the state government has reacted belatedly to its earlier proposal of acquisition of 60 per cent share in the port project.

    A senior company official that “Initially, we had submitted a proposal for picking up 60 per cent stake in GPL. Later, JSPL presented a revised proposal, stating it is okay with 49% equity since the concession pact would not allow the company to acquire controlling stake in the project. But, our revised proposal is yet to be sent by GPL promoters to the state government.”

    GPL was initially floated as a consortium of three partners Hong Kong based Noble Group, Odisha Stevedores Ltd and Delhi based Sara International Ltd.

    Source - Business Standard

  4. forum rang 10 voda 26 juli 2013 16:22
    EU steel market overview for Q1 2013 by EUROFER

    Final figures for Q1 2013 activity in EU’s steel using industries show output falling by 6.5% YoY in a reflection of a stronger than usual seasonal slow down due to harsh winter conditions, depressed domestic demand and weakened support from exports.

    The drop in activity exceeding earlier estimates implies a negative carry over effect from the poor Q1 on the expected development of activity in the remainder of the year and as a consequence, on total output in 2013.

    Despite the fact that the YoY decline in activity is foreseen to moderate in coming quarters, the latest forecasts signal that the downward trend in production will ease only towards the very end of the year.

    Although also industrial indicators improved lately, their readings are still consistent with a continued albeit moderating downward trend in near term activity. Key factors choking off an improvement of the business climate remain weak sentiment, difficult access to finance and liquidity problems.

    Strengthening support from exports and improving credit supply on signs of a stabilizing EU economy should lift the some of the gloom in the remainder of the year. On balance, output in the steel using sectors is forecast to fall 3% in 2013.
    For 2014 a moderate recovery is to be expected, owing to a positive contribu- tion from investment and private consumption on domestic demand. Combined with strengthening support from exports, the SWIP index is forecast to increase by almost 2%

    Source - Strategic Research Institute
  5. forum rang 10 voda 26 juli 2013 16:35
    Iron ore at highest in nearly 3 months on firm China steel market

    Reuters reported that spot iron ore prices rose to their highest in almost three months backed by expectations for Chinese mills to keep steel production high to keep up with firm demand.

    Chinese steel prices have rebounded nearly 5% in July, as end users restocked after prices fell 15% in the first half of the year along with slower economic activity.

    Data compiled by Steel Index showed that Benchmark 62% grade iron ore .IO62-CNI=SI edged up 0.2% to USD 132.10 per tonne on Wednesday, its loftiest since April 30.

    An iron ore trader in Hong Kong said that "There's no rush to buy cargo, but mills and traders are still looking. The reason they still want to buy is because order books for mills are already filled up to October so they need to maintain steel output."

    Industry data showed that China's crude steel output stood at 2.083 million tonnes in the first 10 days of July, down 4.5 percent from the previous 10 days but still near the record pace of 2.193 million in May.

    Trader said that mills on average are making about CNY 50 per tonne of margin which is much better than losing CNY 200 to CNY 300 about two to three months ago. But having already risen a steep 13% this month, iron ore prices are unlikely to climb sharply further.

    The most traded rebar contract for January delivery on the Shanghai Futures Exchange was nearly flat at CNY 3,694 per tonne by the midday break but not far off the two month high of CNY 3,712 reached last week.

    July and August are typically lean months for steel consumption as construction activity in China slows in summer. But the rebound in steel prices has sparked hopes of a recovery for the sector.

    Iron ore swaps were also firmer, reflecting market expectations spot prices may sustain gains in the near term. The August contract traded at USD 129 per tonne and USD 130 per tonne after settling at USD 128.87. September was trading at USD 126 versus the prior session's USD 125.94.

    Source - Reuters
  6. forum rang 10 voda 26 juli 2013 16:38
    Iron ore miners face headache

    Reuters reported that from Africa to Australia, opportunities to develop small iron mines are fast disappearing as cash dries up and miners are unable to compete with the crushingly low production costs of the sector's heavyweights.

    In Australia alone, a half a dozen or more projects pegged by prospectors in better times sit stranded in the outback with no timetable for development. Most are running short on money and have stripped payrolls and equipment spending to a bare minimum, awaiting a turnaround that forecasters predict is a long way off at best.

    Companies such as Aquila Resources Limited, Flinders Mines Limited and Iron Road Limited which a year ago were leading a wave of new investment in iron ore have had their stocks gutted as investors turned cold on their prospects.

    Mr Keith Goode an analyst for Eagle Mining Research said that “This is not the time to be developing a new iron ore mine the big boys are making sure of that.”

    Global miners Vale, BHP Billiton and Rio Tinto are increasing their supply dominance in the world's second biggest shipped commodity market after oil. The three already control some 70% of seaborne trade and are spending billions of dollars on new mines to capture an even bigger share, just as the price outlook for the steel making raw material deteriorates and a supply glut looms.

    Iron ore prices are forecast to reach 4 year low in 2013. In a few years, some analysts see prices under AUD 100 per tonne. The majors are cornering the market with costs of AUD 30 per tonne to AUD 50 per tonne compared with estimates of up to AUD 100 for new entrants. Add to that, expenses around rail lines that can stretch hundreds of kilometers across deserts or through jungles, limited port allocations and lower grade ores and it's little surprise new entrants are struggling.

    Fortescue Metals Group, Australia third biggest iron ore miner has told prospector Brockman Mining Limited it could charge the company up to AUD 576 million a year just to access part of its Australian rail line.

    Another upstart, Aquila Resources, had no option other than to put its West Pilbara Iron Ore project in Australia on ice this year. It would have required billions to be spent on rail and ports stretching funding too far.

    In West Africa, valuations for a number of iron ore companies have fallen so low to suggest the market no longer believes these projects will see daylight.

    Mr Hunter Hillcoat an analyst at Investec said that “The view that the market is not ascribing value to these companies on the basis that their projects won't get developed has been really reinforced in the past few months.”

    Zanaga, partnered with Glencore Xstrata on its project in Republic of Congo, has a market cap of AUD 47 million compared to around AUD 38 million in cash reserves. The firm's stock has lost about 60% this year while Guinea focused miner Bellzone has had around 70% wiped off its market cap.

    Bellzone was forced to sell its bulk carrying ship after a cut in its iron ore production forecasts at its Forecariah mine meant the vessel was no longer needed.

    Source - Reuters

  7. forum rang 10 voda 26 juli 2013 16:40
    Chinese stockpiles of iron ore fall

    Chinese stockpiles of iron ore has fallen at 25 major ports last week as market participants indicate a pick up in acitivity.

    Iron ore 62% in China for immediate delivery at Tianjin port rose 0.4% to USD 132.00 per tonne. Inventories of imported iron ore stood at 73.45 million tonnes down 1.13% from the previous week.

    The price index for 63.5% grade Fe imports rose 6 points from the previous week to 133 points. The index for 58% grade iron ore increased 6 points to 117.

    The report said that iron ore prices will rise marginally in the following week, adding that trading volume is not expected to rise.

    Meanwhile, Sichuan Expressway Company reported it would invest USD 8 billion (or near CNY 50 billion) to build 5 expressway and infrastructure projects in China.

    Source - Proactive Investors

  9. forum rang 10 voda 29 juli 2013 16:32
    China to cut outdated steel making capacity

    China will shut down 9.75 million metric tons of outdated iron and steel production capacity, the Ministry of Industry and Information Technology said in a statement late Thursday.

    The ministry said that the government has been on a campaign to upgrade and consolidate its metals industry and wants the latest batch of closures done by the end of September.

    The amount of iron and steel capacity to be cut amounts to about 1% of steelmaking capacity.

    The government has been slowing its pace of capacity cuts, with this year's volume at around half of last year's target of 18.15 million tons and 59.16 million tons of capacity earmarked in 2011.

    The China Iron and Steel Association has said recent rounds of capacity cuts are declining because of already massive reductions of around 195 million tons under China's 2006-2010 five-year economic plan.

    The ministry also ordered 654,400 tonnes of outdated copper capacity and 260,000 tons of outdated galvanized aluminum capacity shut by the end of September.

    Source - online.wsj.com

  10. forum rang 10 voda 30 juli 2013 16:47
    TATA Steel introduces new sizes on bar products to help North American customers

    Listening to US customer feedback has led to TATA Steel's European operations reconfiguring some of its assets in the South Yorkshire area of the UK so as to better serve the vital North American market.

    TATA Steel has installed seven new rolls and new laser size gauges on each of the two finishing lines on the rolling mill at its Stocksbridge, UK facility. The new rolls will enable the mill to hot roll inch sized round bar for the first time in the range of 3-10 inch diameter, with the possibility of extending to 12 inch diameter. Previously the mill had only been able to roll metric sizes.

    TATA Steel can roll round bar products in diameters from 7/8ths of an inch to 15 inches, but in equivalent metric sizes, at its two South Yorkshire plants before reducing them on a lathe to their required imperial sizes. This will be the first time the mill in Stocksbridge will have inch size capability.

    TATA Steel's Speciality Steel business has been producing high-quality metric sized products for the global market for many years. Now the company has brought in imperial sizing specifically for the North American market.

    Source - Strategic Research Institute
  11. forum rang 10 voda 30 juli 2013 16:47
    Korean steelmakers under siege by Chinese imports

    As the imports of Chinese made CR steel sheets increase into Korea, followed by a rise in thick plate and HR coil imports, Korean steelmakers are worried over the prospect of being overtaken by Chinese suppliers in all product areas.

    According to the Korea Iron & Steel Association, the H1 year imports of CR steel sheets from China amounted to 486.9000 tonne, up 23.3% from the same six months last year. This represents about 20% of domestic consumption.

    At this rate it is projected that the figure by the end of the year will be in excess of Mt.

    Of this CR steel, the import volume of zinc coated galvanized steel sheets was 331.592k tonne, 7.2% higher than the same period a year ago. Domestically, this product is supplied mainly by POSCO, Hyundai Hysco, and Dongbu Steel. As domestic car makers such as GM Korea are increasing the use of Chinese-made galvanized steel sheets, the import volume has increased rapidly.

    Source - The Korea Economic Daily
  12. forum rang 6 pietje-2005 31 juli 2013 08:22
    Klinkt goed voor MT.

    TOKIO (AFN/BLOOMBERG) - Het Japanse Nippon Steel & Sumitomo Metal, 's werelds op een na grootste staalbedrijf, verwacht dit lopende boekjaar een winst voor belastingen uit lopende activiteiten van 300 miljard yen (2,3 miljard euro). Dat maakte het concern woensdag bekend bij de publicatie van de cijfers over het afgelopen kwartaal.

    De bedrijven behaalden voor de fusie van oktober vorig jaar gezamenlijk een winst voor belastingen uit lopende activiteiten van 87,7 miljard yen. Het resultaat wordt dit boekjaar gesteund door een aantrekkende vraag, hogere prijzen en kostenbesparingen. Analisten voorspellen gemiddeld dat de winst in dit lopende boekjaar, dat volgend jaar maart eindigt, zal uitkomen op 332 miljard yen.

    Over het afgelopen kwartaal behaalde Nippon Steel & Sumitomo Metal een nettowinst van 63,4 miljard yen en een winst voor belastingen uit lopende activiteiten van 86,5 miljard yen. De omzet bedroeg 1,29 biljoen yen.
  13. forum rang 10 voda 31 juli 2013 16:31
    BaoSteel Group builds more capacity

    Shanghai Baosteel Group Corp has secured equipment orders and resumed construction activities to complete a new, modernized steel-manufacturing facility in Zhanjiang Province, southwest of Shanghai. While this project will dramatically increase the company's production capacity, some market observers think it will worsen China's massive overproduction and negatively affect global prices, which already are weak.

    From a western perspective, the Chinese strategy on steel can be difficult to understand. For instance, customers buy steel from traders in China, not the mills. Last year, traders kept buying even though there was a glut of material on the market. So, the mills kept producing because they had sales.

    Mr Becky Hites MD at Miller Mathis, New York City, an investment bank for the steel, metals and mining sector said that “In China, they can keep money locked up. If they can buy for USD 400 per tonne in February and hold it until October to get USD 600, they will do it. That’s just not a western philosophy, because we have to pay interest.”

    In addition, the motivations for adding capacity are not strictly capitalistic but also political, logistical and environmental.

    The Chinese have been shifting production to be closer to markets, primarily along the coast and away from locations near the raw-material sources.

    Mr Hites added that “China’s steel industry has become too big to rely on domestic sources of raw materials and has been one of the biggest importers of iron ore and scrap over the last 10 years. As the ports got built, the steel industry kind of grew with them. Now, plants want to be closer to the coast.”

    Instead of building plants in the “quickest and cheapest” way, there is a move toward modernization, Hites says, explaining the reasoning behind Zhanjiang’s construction.

    Source - enr.construction.com
  14. forum rang 10 voda 31 juli 2013 16:32
    Nightmare revives in Chinese steel market

    Just when the market seemed getting back on track with stable gains over the past 8 weeks misery struck yet again. Steel prices declined for the 2nd day on the trot with 1% loss in rebar.

    Sudden retraction has caught pundits unawares with immediate reasons difficult to find. Nonetheless the abundance of negating factors is not farfetched.

    Price rise had been fuelled by inventory buildup based on projections of stable demand from the infrastructure sector. Moreover curtailed production by Chinese mills after deluging the market in early 2013 had also led to feeling of supply shortage jerking the sentiments.

    Modest outlook on economic growth, IIP and PMI remains unrelenting. Government remaining firm on steady policies rather than stepping up adrenalin by reduction in lending rate fuelling volatility in reality sector and inflation has kept noose on growth in Q3 & Q4.

    Downstream sectors are not inspiring. Automobile output and sales volume picked up 12.83% and 12.34% y-o-y in the first six months, a better-than-expected performance, yet confined by the retreating economy, the growth rate is likely to slow down in H2. Other downstream sectors including shipbuilding, home appliance manufacturing and machinery are all mired in recession.

    Recent price spark was primarily inventory replenishment and preparatory for enhanced consumption from infrastructure. Moreover improvement in global economic situation is deemed as precursor for improved price levels in Q4 after the European and Ramadan holiday with pre-winter stocking picking up.

    However in the absence of any immediate catalyst it seems correction is inevitable with a chance that it won’t be another catastrophe.

    Source - Strategic Research Institute
  15. forum rang 10 voda 31 juli 2013 16:37
    EU real steel consumption down by 7.6pct YoY - EUROFER

    Final figures for Q1 2013 show EU real steel consumption falling 7.6% YoY, reflecting a stronger than usual seasonal slowdown in end user activity as well as the deteriorating impact of the on going Eurozone crisis on underlying steel demand fundamentals.

    Key steel using sectors such as construction, the automotive industry and the mechanical engineering and steel tube sector registered the weakest level of output since three years; construction sector output was even the weakest since 2000.

    Also declining steel intensity in the EU continued to have a negative impact on final steel consumption, as a result of structural and conjunctural factors.

    End user demand fundamentals in the remainder of this year look set to remain lacklustre. Forward looking indicators for the manufacturing and construction sector improved recently; should this trend stick, it will take some time before better sentiment levels translate into a rebound in activity in the steel using sectors. Also credit supply needs to improve in order to kickstart investment.

    While the current economic scenario suggests that the downward pressure on activity should ease during the coming quarters, the overall reduction of real steel consumption will still amount to almost 4.5% in 2013.

    Source - Strategic Research Institute
  18. forum rang 10 voda 31 juli 2013 16:49
    Iron ore slips from 3 month top as China restocking stalls

    Reuters reported that iron ore eased from near three month highs as softer steel prices trimmed buying interest among Chinese mills after replenishing inventories this month.

    The price of iron ore, China's top commodity import by volume has dropped 17% from this year's peak as a slower economy curbed demand for the raw material used to make steel.

    An onslaught of fresh global supply, from late 2013 from miners rushing in to meet Chinese demand before it peaks and tapers off could fuel years of decline in iron ore prices.

    According to data provider Steel Index, Benchmark 62% grade iron ore .IO62-CNI=SI dropped 0.7% to USD 131.70 per tonne. That followed four consecutive weeks of gains that pushed iron ore to USD 132.60 on Friday, its loftiest since April 30, as firmer steel prices encouraged mills to restock. Having risen 13% so far in July, iron ore is still on track for its best monthly performance since gaining more than 25% in December.

    An iron ore trader in Shanghai said that “The market sentiment has weakened given recent declines in steel prices. I think mills will be waiting for a while before purchasing material again."

    Global miner Rio Tinto is selling another cargo of 61% grade Australian Pilbara iron ore fines at a tender closing later on Tuesday after selling a shipment of the same grade at USD 130.88 per tonne on Monday down sharply from last week's USD 133.68.

    The most traded rebar contract for January delivery on the Shanghai Futures Exchange closed 0.2% lower at CNY 3,633 per tonne on Tuesday. It touched a low of CNY 3,627 on Monday, its weakest in almost three weeks.

    Source - Reuters
  20. forum rang 10 voda 31 juli 2013 16:50
    China reforms to leave iron ore miners exposed to price falls

    SMH reported that from building scores of new towns to constructing state of the art rail networks, China's demand for steel to feed its modern day industrial revolution has driven a spectacular rally in the price of the raw material iron ore.

    The meteoric rise of iron ore in the past decade, a basic commodity with no added value once it is unearthed is starkly revealed when compared with the high end technology sector.

    A sustained slide in iron ore prices would hurt a legion of miners which have rushed in to meet the demand and could also trim billions of dollars of revenue for countries such as Australia, where iron ore is the biggest single export.

    In 2005, a shipload of iron ore sailing to China was worth the equivalent of 2200 flat screen televisions. Five years later, after a three fold rise in iron ore prices and a fall in the cost of a TV, it was worth 22,000 TV screens.

    Mark ups on iron ore for global miners BHP Billiton and Rio Tinto are now at a staggering 160% with profit margins at 62% nearly double that of the world's most valuable tech company, Apple Inc as of June 30th 2013.

    Understandably, miners have massively ramped up production. But China's hunger for iron ore, the key ingredient for steelmaking has started to wane as its maturing economy seeks to slim down its industrial capacity.

    China currently imports about two thirds of the world's iron ore and has an estimated excess steel capacity that would be enough to build about 3500 of New York's Empire State Building. But with no other country coming close to being able to absorb the slack left by China, iron ore prices risk years of decline as a major oversupply swamps demand, with some forecasting prices to be cut in half by 2015.

    Mr Jeremy Platt market analyst at UK steel consultancy MEPS said that "The boom years for iron ore have probably come to an end in line with the boom years for China. A sustained slide in iron ore prices would hurt a legion of miners which have rushed in to meet the demand and could also trim billions of dollars of revenue for countries such as Australia where iron ore is the biggest single export.”

    Iron ore prices jumped ten fold in the decade to 2011 led by Chinese demand to become the biggest money spinner for miners Vale, Rio Tinto and BHP Billiton driving them to go all out on expansion plans. But by the end of 2013, the three, along with Australia's Fortescue Metals Group, could be producing nearly 1 billion tonnes of iron ore about 200 million tonnes more than China would buy if imports grew at the same pace as last year.

    Iron ore is heavily reliant on China's growth but in a slower economy its uses are more limited. Other metals also rely on Chinese demand but for example, copper has wider uses in anything from power transmission to computer chips.

    Mr Dominic Bryant an economist at BNP Paribas said that “If China's GDP grows 7.5% this year as officially forecast which would be the slowest pace in 23 years its iron ore consumption intensity will slip to 118 kilograms per USD 1000 of GDP and crude steel usage to 78.8 kilograms.”

    Mr Bryant said that and economic growth may ease further to 5% to 6% by 2020 cutting iron ore and steel consumption further. At 5% GDP growth, steel consumption intensity would drop to 76.8 kilograms per USD 1000 of GDP while iron ore use will decline to 115.4 kilograms.

    He said that “If China's new leadership manages to refocus the economy towards consumption, the share of investment in GDP could drop to 30 per cent this decade from about 45%. The amount of steel per unit of GDP will also fall so your GDP becomes less steel intensive predicting steel consumption will flatten in 2015 and drop in the years to 2020.”

    Mr Li Xinchuang deputy secretary general of the China Iron and Steel Association said that “In 2012, China's iron ore shipments rose 8.4% to a record 743.5 million tonnes and similar growth would lift imports to just over 800 million tonnes this year. China's imports could peak at between 800 and 850 million tonnes.

    BHP and Rio expect China's steel demand to peak at around 1 billion tonnes only towards 2030. But last year, China's implied steel consumption already stood at 910 million tonnes, according to calculations based on Reuters data on output, imports and exports. Meanwhile, seaborne iron ore supply is only getting bigger.

    Iron ore rose from less than USD 20 per tonne in 2000 to a record in 2011 near USD 200, before levelling off. In comparison, oil, the only traded commodity market larger than iron ore, rose only half as quickly when it hit an all time high above USD 147 a barrel in 2008 from about USD 30 in 2000.

    Iron ore fell to a three year low of USD 86.70 last September as the Chinese economy lost momentum. They have since recovered to around USD 130, but could average USD 126 in 2013, a 4 year low. With production costs at between $US30-$US50 a tonne, big miners like Brazil's Vale, as well as Australian producers Rio and BHP will still remain profitable even with far lower margins and it makes sense for them to produce more for less.

    Source - SMH.com
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