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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 ... 71 72 73 74 75 76 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 3 augustus 2013 16:57
    ThyssenKrupp Steel Europe AG upgrade 25 years improves quality and increases capacity

    Hoesch Hohenlimburg, the specialist supplier of HR strip steel based in Hagen, Germany, has completed one of the biggest modernization projects in the firm's history.

    The recently upgraded medium wide strip mill has now been successfully ramped up.

    Dr Jens Overrath CEO of Hoesch Hohenlimburg said that "In response to customer wishes we can now offer higher-value grades. It means our site is ideally placed to meet the future challenges of the market."

    The ThyssenKrupp Steel Europe subsidiary invested a total of around EUR 30 million in the revamp of its medium-wide strip mill to improve strip quality further and increase capacity by a quarter to around 1.3 million metric tonne per year by 2015.

    Medium-wide strip from Hohenlimburg is very much in demand from customers.

    Automotive suppliers process it among other things into seat rails, brake pistons and gear components parts that have to withstand extreme loads. The material has to be extremely strong yet readily formable to guarantee safety and allow further weight reduction. Following the modernization Hoesch Hohenlimburg can now better meet increased demand for higher value grades and supply high strength HR strip in thicknesses from 1.5 millimeters to 16 millimeters and widths up to 720 millimeters.

    To achieve this, the rolling mill, originally opened in 1955, was overhauled from the ground up during breaks in production over a period of 5 years.

    However, we've modernized its brain and its muscles, is how Mr Frank Pozun, hot strip mill superintendent at Hoesch Hohenlimburg, describes the rebuild of the mill's process controls and machinery.

    From the redesigned, noise-insulated, air-conditioned control pulpit the operator has a full overview of the process via a standard user interface, while below a steel strip speeds through the mill every 20 seconds at a temperature of 1,250 degrees Celsius.

    Mr Pozun said that equipped with high-tech drive technology the 7 mill stands are now stronger, more powerful and consume fewer resources. It means we can control the shape and flatness of the strip even better. We are the only medium-wide strip rolling mill in the world with this kind of technology and we can already produce the sizes customers are increasingly demanding.

    Source - Strategic Research Institute
  2. forum rang 10 voda 3 augustus 2013 16:58
    ThyssenKrupp Steel Europe reaches agreement with Galmed in Sagunto

    In connection with the implementation of the optimization program "Best-in-Class Reloaded", ThyssenKrupp Steel Europe has now reached agreement with the negotiating committee at ThyssenKrupp Galmed on a social plan for the entire workforce.

    The agreement provides for the termination of all employment contracts of the subsidiary and the closure of the facility in the Spanish city of Sagunto.

    The extremely difficult market environment in the steel industry requires extensive cost reductions at ThyssenKrupp Steel Europe. This also involves the closure of other plants, including in Germany. Demand for flat steel products in Spain has dropped by around 40 percent since 2007.

    This has led to a sustained and serious reduction in the capacity utilization at the plant in Sagunto.

    The negotiations, with the participation of the works council of ThyssenKrupp Galmed and its advisors from the trade union CCOO as well as the European Works Council, resulted in a provisional agreement last week. This has now been presented to all employees at a workforce meeting and confirmed by a large majority.

    The agreement gives employees the opportunity to move to different jobs in the group.

    In addition, employees have the option of taking up early retirement offers. Employees who are unable or unwilling to take up these offers will receive redundancy payments well in excess of legal requirements. Implementation of these measures is to commence in the Q4 of 2013t.

    Mr Thomas Schlenz chief Human Resources Officer at ThyssenKrupp Steel Europe said that "ThyssenKrupp Steel Europe thanks the negotiating committee and all employees for their help in reaching this mutually agreed solution. In our view this is a workable agreement which takes account of the difficult economic situation in this region."

    Source - Strategic Research Institute

  3. forum rang 10 voda 3 augustus 2013 17:02
    Spot iron ore set for biggest weekly loss since May

    Reuters reported that spot iron ore prices dropped to their lowest in more than two weeks and were headed for their steepest weekly loss since May, as buying by top consumer China lost steam after recent restocking.

    Shanghai steel futures tracked equities higher but were set to end the week flat, constrained by a hazy outlook for Chinese demand for the rest of the 2013.

    Iron ore with 62% iron content .IO62-CNI=SI, the industry benchmark, slipped 0.2% to USD 129.70 per tonne on Thursday, its weakest since July 16, based on the latest available data published by compiler Steel Index.

    The price of iron ore, the biggest revenue earner for top miners Vale and Rio Tinto, is down 2.2% so far for the week, the steepest decline since late May and following a four week rally that lifted prices to near three-month highs above USD 132.

    An iron ore trader in Hong Kong said that "I think we're seeing a healthy correction. Iron ore has become a bit expensive so there's some slowdown in spot demand. But I'm still getting inquiries from both mills and traders looking to buy iron ore, so they are just waiting for prices to drop further."

    At current steel and iron ore prices, mills are probably at least breaking even, the trader said, as opposed to recent losses. The most traded rebar contract for January delivery on the Shanghai Futures Exchange rose 0.6% to CNY 3,670 per tonne by the midday break. It hit a three week low of CNY 3,613 on Wednesday.

    A Shanghai based trader said that despite recent losses, iron ore prices should find immediate support at USD 128 per tonne with high grade spot cargoes still relatively limited and Chinese steel production likely to remain high as mills prepare for the peak consumption period in September and October. Iron ore swaps were firm on Friday, reflecting market expectations that physical prices would bounce back.

    Source - Reuters
  4. forum rang 10 voda 5 augustus 2013 16:57
    Chinese steel output to hit record high in 2013 - NDRC

    China's steel output is expected to rise 9 per cent from a year ago to a record high of about 780 million tonnes in 2013, the country's economic watchdog said on Friday, even as a slower economy points to a modest growth in demand.

    China's legion of steelmakers, which account for nearly half of the world's output, have been keeping production high to shield their market share in a fragmented industry and maintain credit lines with banks.

    But with supply continuing to outpace demand as China's economic growth slows, it is weighing on steel prices and steelmakers' balance sheets, with many of them incurring losses. China's economy has slowed in nine out of the past 10 quarters.

    National Development and Reform Commission said that growth in steel demand in the world's top producer and consumer would remain weak in the second half.

    Source - Reuters
  5. forum rang 10 voda 5 augustus 2013 17:01
    Recession led business concerns behind ArcelorMittal and POSCO exit - Steel minister

    Indian steel Minister Mr Beni Prasad Verma said that recession in the global steel market coupled with business concerns may have driven steel giants ArcelorMittal and POSCO to resort to scrapping their Indian projects worth USD 18 billion.

    Mr Verma told PTI that "There is recession in the international steel market at present. They (ArcelorMittal and Posco) have their own business concerns. They must have taken the decision in view of their profit or loss.”

    Mr Verma also said that the world's largest steelmaker ArcelorMittal had yet to come to India. He said that "ArcelorMittal didn't come here, so there is no question of their withdrawal."

    When asked whether the pullouts were going to impact the Indian steel sector, Mr Verma said it would not affect the steel making capacity as domestic players like SAIL, RINL and NMDC had already initiated modernization and expansion drives while many private players were augmenting their capacity.

    He said that "We are increasing our domestic capacity and consumption. We will be producing quality steel. We have set a target of 200 million tonne capacity by 2020, which will be further enhanced to 300 million tonne by 2025. Modernisation by domestic players will be completed soon and the production will enhance. Private sector is also increasing its capacity.”

    His remarks follow scrapping of USD 12 billion steel mill project in Odisha in the biggest foreign investment pullout by ArcelorMittal last month. It was a day after South Korean major Posco pulled out of USD 6 billion project from Karnataka over delays in land acquisition, securing raw material linkages and other problems. While POSCO attributed "given market conditions and significant delay in acquiring the required land" as the reason to scrap 6 MT Karnataka project, ArcelorMittal cited inordinate delays in land acquisition and problems in securing iron ore linkages for exiting from 12 MT Odisha project.

    Source - PTI
  6. forum rang 10 voda 5 augustus 2013 17:02
    US steelmakers seek protection against European products

    Reuters reported that a US steel industry group has asked the government trade representative to intervene to protect domestic producers from growing imports of steel products from Europe.

    US steelmakers have grown increasingly worried over the last couple of years about the inflow of steel from abroad, which has intensified due to rising global oversupply.

    Last month a group of US steel pipe producers launched one of the biggest steel trade cases in years, asking the US International Trade Commission to stem what they said was a flood of unfairly traded products from nine countries.

    This week, the Steel Manufacturers Association, which includes some of the world's largest steelmakers such as Nucor and ArcelorMittal, urged the US trade representative to undertake a diplomatic initiative to curb imports of cut to length steel plate and other products.

    The SMA said in a letter to Mr Michael Froman, the chief US negotiator and adviser to the president on trade that "The European governments should be encouraged to take steps to curb their own excess steel capacity. The United States cannot be the dumping ground for other countries' excess supply."

    The SMA includes 36 North American steelmakers, with about 75 percent of domestic output. They produce steel mainly in electric arc furnaces, which use scrap as a raw material.

    The steel market is structurally in better shape in the United States, where economic growth has been picking up, than in Europe, and this has led to more aggressive US imports in the past 18 months.

    After a bleak H1 of 2013, prices in the United States and North America have risen in the last few weeks and are currently at a substantial premium over levels in other regions, attracting an even growing number of imports.

    Mr Colin Hamilton, Macquarie head of commodity research said that "The US is trading at an unsustainable premium to the rest of the world. At the moment what you are going to see is that any ship in the world that is carrying steel is going to point towards the US, and that is going to put the U.S. prices under pressure."

    The SMA added that although the record overcapacity has boosted shipments of many types of steel into the United States, the increase of imports of cut to length plate from Europe has been particularly harmful.

    Source - Reuters

  7. forum rang 6 pietje-2005 5 augustus 2013 20:50
    Net in het nieuws:Klinkt niet goed.

    SALZGITTER (AFN/DPA/BLOOMBERG) - Het op één na grootste staalconcern van Duitsland, Salzgitter, heeft maandag voor de tweede keer de verwachtingen voor dit jaar verlaagd. Salzgitter heeft flink te lijden onder de crisis op de Europese staalmarkt en de dalende prijzen van metalen.

    Het bedrijf rekent nu voor 2013 op een verlies voor belastingen van 400 miljoen euro. In mei werden de prognoses ook al verlaagd, terwijl begin dit jaar nog op lichte winst werd gerekend. Door de ingezakte vraag naar staal vanuit de bouw in onder meer Zuid-Europa moet Salzgitter fors afschrijven op de waarde van een onderdeel dat stalen balken maakt. En vanwege de dalende metaalprijzen wordt een afboeking gedaan op koperproducent Aurubis, waarvan Salzgitter een kwart bezit. Vorig jaar leed het staalconcern ook al verlies.

    Recessie

    ,,De aanhoudende recessie in veel Europese landen oefent druk uit op de Europese staalindustrie in de vorm van een structurele crisis'', aldus het bedrijf in een toelichting op de winstwaarschuwing. Salzgitter voorziet op de middellange termijn geen herstel van de vraag. Het concern komt met meer details over de prognoses bij de publicatie van de halfjaarcijfers op 14 augustus.

    Op de beurs in Frankfurt werd de winstwaarschuwing slecht ontvangen. In de handel nabeurs ging het aandeel Salzgitter ruim 7 procent omlaag.

    ThyssenKrupp

    De grootste Duitse staalproducent ThyssenKrupp meldde in mei over het eerste kwartaal een nettoverlies van 656 miljoen euro en is bezig duizenden banen te schrappen vanwege de problemen op de staalmarkt.

    Duitsland is de grootste staalproducent van Europa. De Duitse staalsector telt circa 100 bedrijven met 92.000 werknemers.
  11. forum rang 10 voda 6 augustus 2013 16:31
    Salzgitter cuts guidance amid mounting losses on steel demand crisis in Europe

    Germany’s second largest steelmaker Salzgitter AG, expects a pretax loss of about EUR 400 million in 2013 amid a slump in demand due to the European economy and has revised its guidance for the financial year 2013 in view of the persisting structural crisis in the European steel industry

    It said “The ongoing recession in many European countries has put pressure on the European steel industry in the form of a structural crisis. The direct and indirect consequences of this crisis have considerably burdened Salzgitter AG. The downturn in demand has resulted in significant surplus capacities arising especially among the steel producers of these countries. The ensuing fierce competition has led to insufficient capacity utilization in many production plants throughout the EU, while the selling prices that can be commanded by many rolled steel products in the EU market are below the manufacturing costs. Owing to the extreme contraction in construction activities in southern European countries, with no significant recovery in sight in the medium term, sectional steel products such as beams are particularly hard hit.”

    Against this backdrop, Peiner Träger GmbH (PTG), a Salzgitter Group company, is reporting persistently high losses. Despite the extensive restructuring measures initiated, earnings prospects are likely to remain unsatisfactory in the medium term as well. The assessment of the fair value of PTG's assets in accordance with applicable IFRS accounting standards has shown the necessity of impairment amounting to EUR 185.0 million on PTG's assets. This impairment will be fully recognized through profit and loss in the half-yearly accounts of the Salzgitter Group as of June 30, 2013.

    The market valuation of metal price hedging transactions and the reporting-date valuation of Aurubis AG's inventories (NAAG; 25 % stake held by Salzgitter AG) have resulted in a negative after-tax contribution of EUR 60.0 million by NAAG to the Salzgitter Group in the second quarter. The prices of copper and other metals declined notably in the second quarter. For this reason, there is a risk that the profit contribution of Aurubis to the consolidated result of the Salzgitter Group may not be in the range originally anticipated for the financial year as a whole.

    The operations of the Salzgitter Group's other companies are also exposed to challenging framework conditions:

    The earnings prospects of the Steel Division have therefore deteriorated overall. To counteract this situation, designated cost-cutting measures, such as investing in a coal injection plant for the Salzgitter blast furnaces, and numerous other projects are being vigorously advanced.

    The European large-diameter pipe producers of the Salzgitter Group are faced with a pronounced shortfall in orders, as no notable projects for large-diameter pipes are currently being awarded in the global market. Consequently, short-time work introduced in a number of Group companies is likely to run at least until the end of the year. The business activities of Europe's leading precision steel tube manufacturer Salzgitter Mannesmann Precision Group continue to be hampered by the persistent weakness of the French automotive market. The company is forging ahead with the restructuring measures introduced. Accordingly, the Tubes Division is set to deliver a notable pre-tax loss. The results of the Trading and Services divisions still meet expectations, while the Technology Division continues to perform well.

    In the first half of 2013, the Salzgitter Group has posted a pre-tax loss totaling EUR 298.7 million, including all operating and accounting-related effects (first half of 2012: EUR -17.9 million).

    In view of the aforementioned negative influences, and due to the operating development anticipated, adjusting our profit guidance has become necessary. The Salzgitter Group now anticipates a negative pre-tax result of around EUR 400 million in the financial year 2013. As already announced, additional special effects may still arise as a consequence of implementing the "Salzgitter AG 2015" Group project.

    Source - Strategic Research Institute
  12. forum rang 10 voda 6 augustus 2013 16:34
    NanoSteel study at EDAG confirms potential of 30pct weight reduction in autos

    The NanoSteel® Company, a leader in nano-structured steel materials design, announced the results of an automotive light-weighting study conducted by EDAG Inc, a globally-recognized independent engineering firm, demonstrating the potential for the company's Advanced High Strength Steel to enable a 30% reduction of weight in the BIW structure of a mass market sedan.

    In conducting this evaluation, EDAG utilized the same methodology and architecture of the existing NHTSA Light Weight Vehicle BIW design; the result of a comprehensive redesign of a 2011 Honda Accord that in simulation met North American performance and safety targets while optimizing for weight savings.

    When applying NanoSteel's AHSS to the NHTSA Light Weight Vehicle design, EDAG calibrated material gauges and design parameters to ensure the vehicle met crashworthiness criteria, as well as noise, vibration and harshness (NVH) requirements. The results showed a 30% (100 kg/220 lb) weight reduction in BIW vs. the baseline 2011 Honda Accord and a 10.5% (27 kg/60 lb) weight reduction from the NHTSA Light Weight Vehicle design.

    Mr David Paratore president & CEO of NanoSteel said “We are very encouraged by the results of our study with EDAG. The findings demonstrate that our alloys will address customer requirements across a significant proportion of structural parts. As we work to conclude our production trials, this assessment provides a blueprint for identifying specific opportunities for parts conversion.”

    Mr Harry Singh, EDAG's executive program manager on the study added "Once commercially available, NanoSteel's AHSS will provide unique mechanical properties to automotive OEMs offering attractive options for design and material choices to reduce structural weight.”

    NanoSteel's three classes of AHSS were used to replace crush zone parts that require high energy absorption, deep draw parts with significant complexity and structural parts such as B-pillars and cross-members where strength is paramount to protect the passenger.

    Source - Strategic Research Institute

  13. forum rang 10 voda 6 augustus 2013 16:37
    Kobe Steel develops new forging process for more fuel efficient crankshafts

    Kobe Steel Limited announced that it has developed a new process to manufacture crankshafts for ships that improved fuel efficiency by 9% during sea trials.

    The new procedure involves stamping heated iron into metal molds to make lightweight, yet higher strength crankshafts.

    Kobe Steel said that the process improved resistance to metal fatigue by 20%.

    A crankshaft connects to the pistons of an engine and rotates when the pistons are fired, which turns the shaft that drives the propeller.

    Kobe Steel controls about 40% of the global crankshaft market, making it the world's largest producer.

    Although lighter crankshafts with longer radiuses increase fuel efficiency, until now, they have been difficult to manufacture. The conventional forging process to make crankshafts leaves stress points along the shaft, making them less durable.

    As fuel prices surge and emission standards for carbon dioxide become stricter globally, shipbuilders have intensified their efforts to increase fuel efficiency.

    In addition, they are also working to develop hull designs that reduce water drag along with other technologies to improve efficiency.

    Source - The Asahi Shimbun
  14. forum rang 10 voda 7 augustus 2013 16:31
    Salzgitter shares slide on profit warning

    Reuters reported that Salzgitter shares dropped 11% on Tuesday, a day after the German steelmaker slashed its full year outlook for a second time this year, blaming a drop in demand for cars, appliances and new buildings in austerity hit Europe.

    Salzgitter's stock, which is down more than 25% so far this year, was down 9.8% at EUR 25.97 by 0954 GMT. It was the biggest decliner on Germany's mid-cap index, which was 0.2 percent firmer.

    The profit warning, which prompted downgrades by several brokerages, increases pressure on Salzgitter to cut costs and jobs to return to profit.

    Salzgitter said late on Monday it now saw a 2013 pretax loss of about EUR 400 million as compared with a previous outlook for a loss of less than 100 million euros.

    In the first half of 2013, Salzgitter's pretax loss widened to EUR 298.7 million from EUR 17.9 million, in part due to a EUR 60 million hit related to its holding in copper smelter Aurubis and EUR 185 million impairment charge at its loss making plant in the northern German town of Peine.

    Source - Reuters
  15. forum rang 10 voda 7 augustus 2013 16:32
    US raw steel production update for 3rd August 2013

    In the week ending August 3rd 2013, domestic raw steel production was 1,888,000 net tonne while the capability utilization rate was 78.8%. Production was 1,855,000 tonne in the week ending August 3rd 2012, while the capability utilization then was 74.6%.

    The current week production represents a 1.8% increase from the same period in the previous year. Production for the week ending August 3rd 2013 is up 0.9% from the previous week ending July 27th 2013 when production was 1,871,000 tonne and the rate of capability utilization was 78.1%.

    Adjusted YTD production through August 3rd 2013 was 57,252,000 tonne, at a capability utilization rate of 77.1%. That is a 4.7% decrease from the 60,050,000 tonne during the same period last year, when the capability utilization rate was 78%.

    Broken down by districts production for the week ending August 3rd 2013 in thousands of net tonne
    North East: 208
    Great Lakes: 670
    Midwest: 229
    Southern: 694
    Western: 87.

    Source - www.eluniversal.com
  16. forum rang 10 voda 7 augustus 2013 16:38
    Chinese demand keeps iron ore prices above USD 130

    Reuters reported that spot iron ore prices stayed near July highs above USD 130 per tonne as healthy order books are expected to keep Chinese steel production high supporting demand for the raw material.

    According to data provider Steel Index, ore with 62% iron content gained 10 cents to USD 130.20 per tonne on Monday. Iron ore, China's top commodity import in terms of volume peaked at USD 132.60 in July its highest since April 30.

    An iron ore trader in Singapore said that mills are trying to buy more cargo because they're running low again. Some of the mills have order books full all the way to November.

    The trader said that "We could see USD 133 this week. Trading platforms in Singapore and China showed firm bids for spot iron ore cargoes.”

    Shanghai steel futures hit near two week highs before turning steady, extending last month's gains as falling Chinese steel inventories suggest firm consumption. The most briskly traded rebar contract for January delivery on the Shanghai Futures Exchange hit a session high of CNY 3,693 per tonne, its loftiest since July 25. It was little changed at CNY 3,679 by the midday break. Still, some traders see downside risks to iron ore prices unless steel beats levels seen in July.

    Source - Reuters

  17. forum rang 10 voda 7 augustus 2013 16:40
    Iron ore Rio Tinto big earner

    Rio Tinto, majority owner of the Tiwai Point aluminium smelter near Bluff is expected to post a half year profit of more than USD 4 billion this week.

    Analysts are predicting a massive USD 4.5 billion in interim earnings from iron ore in the 6 months ended June overcoming predicted losses in other commodities.

    Fortunately for Rio, the iron ore spot price was better than expected during the H1 of 2013 averaging above USD 133 per tonne. Rio also shipped a record 119 million tonnes of iron ore during that time.

    Mr Paul Young analyst at Deutsche Bank said that the investment community would focus on Rio's ability to cut costs and capital expenditure guidance. He predicts about 50% of its USD 2 billion cost cutting target for 2013 would have been achieved.

    Source - Stuff.co.nz

  18. forum rang 10 voda 7 augustus 2013 16:42
    Morgan Stanley highlights strengths in Russian steel demand

    Bloomberg reported that while worlds largest steel maker ArcelorMittal has been mothballing plants from Poland to Spain, Russia is saving its industry by approving projects that will underpin 4.4% annual growth in steel demand this year

    That matches the projections for Brazil and beats the World Steel Association’s 2014 forecasts of 3.3% growth for Europe and a 2.9% increase in the US.

    Mr Dmitry Kolomytsyn Morgan Stanley said that “Russia is a unique place right now, where demand for construction steel is heating up overall consumption because of the boom in development. You don’t find it in Europe.”

    Construction will account for a record 60 percent of Russian steel use this year, compared with just 27 percent in the European Union, according to Morgan Stanley.

    Spending on homes and infrastructure will rise by 20 percent to USD 107 billion this year and a further 16 percent to USD 124 billion in 2014, the bank predicts.

    Moscow almost doubled spending on housing for its 12 million residents in the two years to 2012 and plans to add more than 60 kilometers t the city’s metro system by 2015. About 70.1 million square meters of newly built housing will be registered for use this year in Russia, the most since at least 2000

    Source - Bloomberg

  19. forum rang 10 voda 7 augustus 2013 16:49
    Siemens modernizes continuous caster at ArcelorMittal Bremen

    German steel producer ArcelorMittal Bremen GmbH has awarded Siemens Metals Technologies an order to modernize its continuous slab casting plant.

    This involves equipping the machine head of the twin-strand casting plant with new molds, as well as the DynaWidth and DynaFlex technology packages.

    The project aims to boost the availability and reliability of the plant and to further increase product quality.

    The first strand is to be modernized in the fall of 2014 and the second in 2015.

    ArcelorMittal Bremen GmbH is a flat steel manufacturer and produces steel goods, mainly for the automotive and construction industries, via the integrated blast furnace-converter route. The company operates a twin-strand continuous slab caster with a production capacity of almost four million tonnes per year, on which slabs up to 2.67 meters wide are produced. The casting plant was built in 1973 by the former VOEST-ALPINE industrial plant construction company, fully renovated by third-party companies in 1991, and modernized in 2005.

    Source - Strategic Research Institute

  20. forum rang 10 voda 7 augustus 2013 17:06
    ArcelorMittal investeert in Spaanse staalfabriek


    AMSTERDAM (Dow Jones)--ArcelorMittal (MT.AE) gaat EUR17,2 miljoen investeren in zijn staalfabriek in de Spaanse stad Aviles in de provincie Asturias, meldt de onderneming woensdag.

    De investeringen zijn gericht op verbetering van de productkwaliteit, interne logistiek en klantenservice.

    Het grootste staalbedrijf ter wereld maakt tevens bekend dat de op cokes gestookte oven nummer 7 en 8 weer halverwege november in gebruik worden genomen. De ovens werden in december 2011 stilgelegd als gevolg van de dalende vraag naar staal in Spanje en Europa.


    Door Levien de Feijter; Dow Jones Nieuwsdienst: +31-20-5715200; levien.defeijter@wsj.com

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