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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

Laatste koers (eur) Verschil Volume
22,260   0,000   (0,00%) Dagrange 21,930 - 22,300 4.404.827   Gem. (3M) 2,3M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 276 277 278 279 280 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 17 augustus 2015 16:28
    South African steel makers and unions form task force

    Business I Africa reported that struggling steel manufacturers and unions in South Africa will turn to government to help prevent the retrenchment of more than 5000 workers in the sector. According to Business Day, steel manufacturers and unions have formed a task team following crisis talks on the job cuts.

    The firms on the task team include ArcelorMittal, Macsteel, Evraz Highveld Steel, Scaw Metals Group and the Steel and Engineering Industries Federation of SA. The unions that are on the task team are National Union of Metalworkers of SA (Numsa), Solidarity and the United Association of SA.

    Numsa spokesperson Mr Castro Ngobese confirmed that the task team would approach the government for help in preventing the mass retrenchments but refused to disclose what had been discussed during the crisis talks.

    The South African steel sector has been struggling with weak demand, escalating labour and energy costs, poor rail infrastructure and the country's electricity supply problems. The industry has sought to receive preferential pricing treatment and the imposition of an import tariff to protect itself in the market.

    ArcelorMittal is putting its Vereeniging steel works into "emergency care" until the end of August while rival Evraz Highveld Steel has gone into business rescue after it could no longer meet its short-term loan requirements.

    Source : Business I Africa
  2. forum rang 10 voda 17 augustus 2015 16:30
    Ukraine ministry to hold talks with Egypt on removing restrictions on steel imports

    Inter-Fax last week reported that Ukraine's Ministry of Economic Development and Trade plans to hold talks with Egypt to discuss expanding trade and economic cooperation between the two countries, including on removing restrictions on the supply of Ukrainian steel products.

    According to a ministry press release, Deputy Economic Development and Trade Minister, Trade Representative of Ukraine Natalia Mykolska will go on a working visit to Egypt on August 18-19 to discuss topical issues of bilateral trade and economic cooperation and increasing exports of Ukrainian products.

    According to the press service, the visit will constitute the continuation of dialogue with Egypt after a trip of Minister of Agricultural Policy and Food of Ukraine Oleksiy Pavlenko, the chairman of the Ukrainian part of the joint commission on economic and scientific-technical cooperation between Ukraine and Egypt, to Cairo on August 5-6, 2015.

    The ministry said "Pursuant to the request of Prime Minister Arseniy Yatseniuk regarding the inclusion of foreign visits of governmental delegations, the issues on the promotion of domestic exporters' interest on the agenda, the Ministry of Economic Development and Trade is working with the relevant central executive authorities, representatives of national business communities with respect to the interest and development of promising areas of cooperation.”

    Source : Inter-Fax
  3. forum rang 10 voda 17 augustus 2015 16:35
    It is vital to ring fence our steel industry against imports - Mr Ravi Uppal

    Mr Ravi Uppal, chief executive officer and managing director, JSPL, spoke to Jyoti Mukul & Deepak Patel of Business Standard on last Wednesday on the problem areas still gnawing the Indian steel sector.

    Part of edited excerpts

    Q - Is the duty increase enough to guard domestic steel from cheaper imports?

    A - It is a step in the right direction but not adequate. The prices quoted by the Chinese and Koreans and Russians are unbelievable. Everybody wants to export here. China has a total capacity of 1.5 billion tonnes a year and is producing 850 million tonne but India had annual capacity of 114 million tonnes at the end of March, of which we produce about 80 million tonnes. India’s demand in 2012-13 and 2013-14 had not grown. There was only 0.5 per cent increase in demand last year but Chinese imports increased manifold. In the third and fourth quarters, it will perk by five to six per cent. We imported 10 million tonnes from them last year and 3.4 million tonnes in the first four months. So on an annualized basis, we would be importing 10-11 million tonnes.

    Indian companies cannot take the advantage of increased demand even if they want to. Even if demand comes, the benefit will go to others. Prices of various grades of steel have fallen globally. Therefore, it is very vital to ring-fence the Indian industry against imports.

    This kind of increase of five per cent is not adequate. We are looking at safeguards duty. Japan, Koreans, Canadians and the US have done it. If everyone else can do against Chinese imports, why not us? Why should we be so bashful? We do not have much time; the government needs to act swiftly.

    Q - Why cannot Indian industry bring down prices?

    A - It is not possible. If you look at the EBIDTA levels or operating earnings of all companies, it has fallen. We were at 30-32 per cent and it has fallen to 23 per cent in just one quarter. It’s not that our production has become less effective. Our costs have fallen because iron ore fines prices are more economical than six months ago but the fall in prices of steel is sharper than the cost of production. There is huge erosion of margins. If the trend continues, it will go to negative for all steel companies.

    The health of the steel industry is critical to the country’s growth. The industry contributes 2.6 per cent to our gross domestic product. No large country’s infrastructure has been built on imported steel. The Chinese were not building during their Olympics by importing steel from Japan. Similarly, Korea, Japan and the US have always had local sources of steel. The mining industry -- iron ore fines and lumps -- is critically dependent on steel. The railways are dependent on iron ore and coal. Then, there are services, heavily banking on the steel industry.

    Source : Business Standard
  4. forum rang 10 voda 18 augustus 2015 14:33
    US DOC takes next steps toward duties on steel shelving from China

    Reuters reported that the US Commerce Department said on Monday that China is dumping steel shelving units in the US market at below fair value and unfairly subsidizing the producers, and it took a step closer to slapping duties on the products.

    The department said US customs officials would begin collecting cash deposits to offset the dumping margins pending a final determination of injury to US industry.

    If injury is found, the United States will also put in place countervailing duties to offset Beijing's subsidies, it said. If no injury is found, any monies collected will be refunded, it said.

    The complaint over China's trade in pre-packaged, boltless shelving used in homes and businesses was lodged by Chicago-based Edsal Manufacturing Co.

    The Commerce Department said China was dumping the products at margins of up to 112.68 per cent, with subsidies ranging as high as 80.45 per cent.

    Source : Reuters
  5. forum rang 10 voda 18 augustus 2015 14:34
    South Korean steel imports in July up 2.3% YoY

    Yonhap reported that South Korea's steel imports climbed 2.3 percent in July from a year earlier on the back of increased shipments from China. According to the data compiled by the Korea Iron and Steel Association, steel imports came to 1.96 million tonnes last month, compared with the 1.92 million tonnes tallied in the previous year,

    The number marks the first on year gain in four months since the 4.2 percent on-year increase recorded in March.

    Compared with the previous month, imports slumped 10.3 percent in July. In the first seven months of this year, cumulative imports fell 3.9 percent to 12.79 million tons.

    The July rise in steep imports was due largely to a surge in shipments from China. Imports from the neighboring country soared 21 percent to 1.35 million tons. In contrast, those from Japan plunged 17.9 percent on-year to 509,000 tons, according to the data.

    KOSA said "Demand for steel bars shot up in July, and it's likely that China may be trying to ship out its H-shaped structural steel beams ahead of looming punitive tariffs on the product in South Korea.”

    In May, South Korea's trade commission recommended the government impose a significant amount of antidumping duties on cheap Chinese steel beam imports, citing damage to domestic steelmakers.

    Source : Yonap
  6. forum rang 10 voda 18 augustus 2015 14:35
    Jindal Shadeed's rolling mill to be commissioned in Q4 of 2016

    Muscat Daily reported that Sohar based Jindal Shadeed Iron and Steel Co's rebar rolling mill project, with 1.4 million tonnes per annum production capacity, will be commissioned in the fourth quarter of 2016 and that cold trial is expected in October this year.

    In its financial results for the first quarter ended June 30, 2015, JSPL said its Oman operation continued its robust performance during the first quarter. It said “At the Oman plant, billet and rounds production increased to 0.25MT. Similarly sales and Ebitda on a year-on-year basis grew by six per cent and nine per cent respectively. The rolling mill project with a capacity of 1.4MTPA rebar is progressing well and cold trial is expected in October. The mill will be commissioned in the fourth quarter of 2016.

    Source : Muscat Daily

  7. forum rang 10 voda 18 augustus 2015 14:37
    Impose safeguard duty as interim measure to curb cheap steel imports

    Mr Sushim Banerjee Director General of INSDAG in his personal capacity wrote for the Financial Express that “Last week was eventful in more than one way. Chinese devaluation of Yuan initially by around 2% and increasing to more than 3.4% in the following days, enhancement of customs duties on steel (except SS flats and CRGO sheets) by 2.5%, rupee depreciation by around INR 1.3 or by 2% and IIP indices for June ’15 showing 3.8% growth with 4.6% rise in manufacturing were the major events. The Bank of China describes the devaluation as market-determined, but allays apprehension of a continuous devaluation up to 10% as widely believed to be the currency manipulative action.”

    He wrote “Assuming 3.5% depreciation the current Chinese export prices to India comes to USD 314 CFR per tonne. The landed cost goes up to USD 345 per tonne or around INR 22,500 per tonne on account of duty rise. Including these entire plus and minus factors, the net differential between Chinese export offers and average prices of Indian HRC comes to around USD 77 per tonne or INR 5,013 per tonne, which is substantial.”

    He said ”There are already reports of further price depression by Chinese mills to enhance its competitiveness in the global market. The Yuan devaluation is a conscious decision by Bank of China to promote falling exports of steel and other manufactured items containing steel like pre-fabricated structural components while indirectly it signals relative strength of dollar. This implied interpretation on strength of dollar may have led to marginal depreciation of rupee recently although the US has made it clear that there is no plan to hike interest rate in the domestic market.”

    He wrote “Total steel exports by China in January-July 2015 stood at 62.1 million tonnes, 6.6% more than the previous year while imports are down by more than 9%. On annualized basis the estimated direct steel exports stand at record level of around 110 million tonnes in 2015. The Yuan devaluation may lead to hike in import price of iron ore by China and may result in higher coke exports by that country.”

    He added “The net losses in Q1 by JSW, SAIL, JSPL and lower net profits by Tata Steel and Essar Steel indicate lower sales realization and lower market share by indigenous steel producers. Cheaper import flows from China and Russia and from Korea and Japan at concessional duties under RCEP have been cited as the singular reason. It is seen that while total steel imports at nearly 4 million tonnes during the 4 months of the current fiscal rose by 67% (JPC report), those from China has gone up by 41% and the cumulative imports from Russia, Korea and Japan went up by more than 90%.”

    He said “The share of imports in total finished steel consumption which is growing by 5.4% over last year stands at 14% (from the average 9-11% in last few years). During the last 4 months the imports of HRC reached a record level of 1.4 million tonnes, more than double compared to last year. Likewise more than 0.5 million tonnes imports of wire rods and TMT are depriving the domestic manufacturers to enhance market share and realisation.”

    He concluded “One relief for the flat producers triggered off by the latest Chinese move relates to the supposed relook by the US at the provisions of Trans-Pacific-Partnership (TPP) with China and a few other countries where surplus steel capacities may be instrumental in pushing ahead with cheap exports. This includes the concern of Indian steel producers also. Apart from customs duty hike, the government must envisage imposition of safeguard duty as an interim measure to thwart massive steel import inflows. Specific steel categories, if not steel as a whole, must be taken out of consideration while negotiating for CEPA/FTAs with China and other countries.”

    Source : The Financial Express
  8. forum rang 10 voda 18 augustus 2015 14:38
    Supply demand mismatch continues to dampen steel prices in China - CISA

    Xinhua reported that latest data from the China Iron and Steel Association revealed on Monday that steel prices in China continued to spiral downward in July as market supply far exceeded demand.

    The CISA China steel price index came in at 62.73 by the end of July, down 5.94 percent from a month earlier. The index marked a drop of 31.56 percent from a year ago, as no significant improvement in the supply-demand mismatch was seen

    CISA attributed the weak demand to the prolonged downward pressure on the broader economy, which posted a 7-percent growth in the first half of the year. It said “As the government's pro-growth policies such as increased infrastructure spending gradually filter through, the CISA expects improving steel demand in the latter half of the year. But a substantial rebound in prices is unlikely due to high output and a severe export outlook.”

    Earlier statistics showed China's crude steel output totaled 476 million tonnes in the first seven months of 2015, down 1.8 percent year on year, while apparent consumption went down 5.2 percent to 420 million tonnes.

    The Chinese government has been at pains to digest production gluts from an investment boom spawned by generous subsidies in the past few years that saw producers in "favored" sectors, including steel, expand rapidly with little regard to real market demand. To gradually solve the problem, the government has banned new projects in steel, cement, electrolytic aluminum, flat glass and shipbuilding before 2017.

    Source : Xinhua
  9. forum rang 10 voda 18 augustus 2015 14:53
    Iron ore miner China Union refutes bankruptcy reports in Liberia

    The Management of China Union Investment (Liberia) in Bong County has refuted reports that it has gone bankrupt and plans to close down mining operations. Public Relations Manager Allen Fu told the Liberia News Agency in Bong Mines Thursday that the company is still financially strong and viable and has not reached the stage of bankruptcy.

    Mr Fu said due to fluctuation in the price of iron on the world market between US$45 and US$50 per metric ton, the company is losing heavily on every ton produced. He explained that on each ton produced by China Union, it sustains a loss of US$27, noting that this was seriously affecting its mining operations.

    Mr Fu disclosed that this has led the company to readjust its production from 90 thousand tons per month to as low as 30 thousand tons to prevent it from continuing to sustain the losses it has been experiencing.

    He said under its readjustment policy that is currently in effect, China Union will also reduce its Chinese expatriate staff.

    The company's statement comes in the wake of reports that China Union has gone bankrupt and that it was selling its assets to other foreign companies that have expressed interest in taking over the mining concession.

    China Union is the second largest mining company in the country with an investment portfolio of US$2.6 billion next to Arcelor Mittal located in Yekepa, Nimba County. China Union Investment currently has in its employ about 422 Liberians

    Source : Liberia News Agency
  10. forum rang 10 voda 18 augustus 2015 14:54
    Aurizon cuts BaoSteel’s iron ore project costs by 25%

    Bloomberg reported that Aurizon Holdings Ltd on Monday reduced the projected port and rail capital spending forecast by 25 percent, or AUD 1.5 billion (USD 1.1 billion). The partners are seeking to make further budget cuts, Chief Executive Officer Mr Lance Hockridge said in an interview with Bloomberg Television’s “Asia Edge.”

    Mr Hockridge said “We continue to work on what the operating environment and cost will be, what the opportunity is for reducing capital costs. The mine people are looking at what the quality and costs are from that point of view. Aurizon’s growth projects, including West Pilbara, are being considered amid a more challenged world for commodities, as the prices of oil to iron ore fall in a wider rout of raw materials. We have always said they will only proceed in circumstances where we and our partners can be convinced that we can make our target returns.”

    The total project, including the mine, may cost about AUD 7.4 billion, according to a 2012 estimate by Aquila Resources Ltd., which previously held a stake in the development and was acquired by Aurizon and Baosteel last year. Aurizon has a 15 percent stake in a half share in the West Pilbara project, with Baosteel holding the other 85 percent, according to filings. The remaining half share is split between American Metals & Coal International with 51 percent and Posco, South Korea’s biggest steelmaker, with 49 percent.

    Baosteel Group Corp’s proposed Australian iron ore project is undergoing further cost review and will only proceed if the developers are satisfied that its return targets can be met, according to the venture’s railroad partner.In May, Aurizon announced that it had agreed with Baosteel to delay plans for the development by at least 18 months, though the technical and commercial feasibility study would continue.

    Source : Bloomberg
  11. forum rang 10 voda 18 augustus 2015 14:59
    ArcelorMittal Liberia mine workers furious over bonus cut

    FrontPageAfrica reported that it has gathered from reliable sources within ArcelorMittal Liberia that workers of the rail and mine departments of the company are on a go slow in demands of bonus and shift allowances. The go slow is happening in Yekepa, Nimba County - northern Liberia, where the ore is mined and transported to the port of Buchanan, Grand Bassa County for shipping.

    A source informed FPA that the company has opted to pay bonuses and shift allowances to workers of the Port, Transport and Human Resource departments among others while refusing to pay the rail and mine sections. The company insists the two departments have achieved limited production and will not get their stipulated bonuses, the source said. It is unclear what their employment contract says about receiving bonuses in relation to achieving production.

    "Management has change the whole issue of shift bonus and allowances by giving to certain section and leaving out the others that's why these workers are angry," the source added. For now, the mine workers are leading the go-slow in Yekepa and the labor unrest may spill over to Grand Bassa County where many rail workers are based.

    The steel giant has come under criticism this 2015 after slicing more than 200 jobs due to what the company called unfavorable market condition. There were reservations by the workers union before and after the redundancy but there have been calmness so far since the job cuts.

    Source : FrontPageAfrica
  12. forum rang 10 voda 18 augustus 2015 14:59
    Mount Gibson iron ore reserves reduced after seawall collapse

    The Australian reported that Mount Gibson Iron has reduced its ore reserves estimate by more than 80 per cent after the seawall collapse at its Koolan Island mine. The company said its iron ore reserves had been cut by 84 per cent to 7.1 million tonnes as of the end of the financial year. That is down from 44.3 million tonnes last year, after reserves at Koolan Island, in Western Australia, were discounted following the failure of a seawall at its main pit.

    Chief executive Mr Jim Beyer said the removal of the Koolan Island reserves was disappointing, but not surprising, while resolving insurance claims and completing an evaluation of a possible redevelopment of the mine would take an extended period. He said “Nonetheless, Koolan Island’s main pit deposit remains a high quality, high-grade hematite asset that will continue to provide the company with significant future opportunity value.”

    Mount Gibson acquired the West Australian Koolan Island mine through the takeover of Aztec Resources in 2007. Operations at the project have been suspended since November 2014, after a seawall failure led to the flooding of the main pit. The mine's viability is being reviewed to determine if the seawall can be rebuilt, However, the price of iron ore is hovering above a 10-year low.

    The Perth-based company's total iron ore resources increased to 94.9 million tonnes at the end of the 2015 financial year, up from 83.3 million tonnes last year, thanks to the addition of the Iron Hill deposit at the miner's Extension Hill project and an increase in the group's Shine deposit.

    Mount Gibson said it expects to start mining at Iron Hill after it exhausts the deposit at the current Extension Hill pit in 2016 to 2017.

    Source : The Australian
  13. forum rang 10 voda 18 augustus 2015 15:06
    Iron ore price gains are overdone - ANZ

    Commodity News reported that according to Australia & New Zealand Banking Group Ltd, which highlighted the risk of losses after prices capped the longest run of weekly gains in a year, the recent rally in iron ore is unlikely to be sustained. It said “While shipments to China were disrupted last week after explosions at Tianjin port, weak steel demand suggests price gains are overdone.”

    ANZ said “A slowdown in Chinese domestic steel demand has triggered a strong wave of steel exports. Exports are up 26 percent year-to-date, despite the removal of a supportive 10 percent export rebate at the start of the year.”

    ANZ backed bets on losses in iron ore in a note on August 11, recommending that investors sell October swaps with a one-month target of USD 47 a tonne. It said that iron ore supplies are set to expand, while steel demand in China slows.

    Iron ore rebounded over the past five weeks from the lowest since at least 2009 as rebar prices advanced in China, and some mills were expected to boost output before state-ordered clean-air curbs for a parade in Beijing. The explosions in Tianjin, which killed more than 100, disrupted iron ore cargoes before normal services resumed.

    Source : Bloomberg
  14. forum rang 10 voda 18 augustus 2015 15:09
    Goldman Sachs sees continued weakness in iron ore prices

    Bloomberg reported that according to Goldman Sachs Group Inc, which said the impact on the market from China’s devaluation was a sideshow, iron ore prices may tumble about 30 percent over the next 18 months as supply expands while steel output falters

    Goldman analysts Christian Lelong and Amber Cai wrote in a report “Supply is likely to diverge further from demand. Contrary to market consensus, we believe that peak steel production will be followed by a contraction in China and we stick with price forecasts for the next four quarters.”

    They wrote “The next phase of balancing will require a further 30 percent price decline over the next 18 months, on our forecasts. The summer of 2015 is the calm before the storm.”

    They wrote “Arguably, the yuan devaluation and the recent supply disruptions are what we consider a sideshow for the iron ore market. Supply growth will resume in the short term.”

    Iron ore was seen by Goldman averaging USD 49 a tonne this quarter, USD 48 in the final three months of 2015, USD 46 in the first quarter of next year and USD 44 the following quarter, according to the August 14 report. That’s unchanged from a July 20 note from the bank. The 2016 forecast of USD 44 was also retained.

    Iron ore rebounded in the past five weeks from the lowest level since at least 2009 as steel prices advanced in China and shipments from the top exporters, Australia and Brazil, lagged behind expectations. China’s government devalued the yuan last week, roiling commodities markets and spurring concern that import demand for dollar-denominated raw materials may drop.

    Source : Bloomberg
  15. [verwijderd] 18 augustus 2015 15:16
    iedereen spreekt over koersverlagingen ik zie van jullie beste vriend een koersverhoging , alcor mital heeft meer dan ok cijfers aangezien de moeilijk omstandigheden,, de adviezen lijken er meer en meer op dat iedereen een pakketje aclor mital gaat inslaan , hier zwart op wit van jullie beste viend !

    Fonds: ArcelorMittal Guru: Goldman Sachs

    Advies: Verkopen Status: Actief
    Koersdoel: € 7,70 Score: 0,00%
    Startkoers: € 8,30 Huidige koers: € 7,86
    Verw. rendement: 7,17%
    Historische adviezen
    Historische adviezen (75), pagina 1 van 15
    Datum Advies Koersdoel Verw. Rend. Score
    4 aug 15 Verkopen € 7,70 7,17% 0,00% Details »
    8 jul 15 Verkopen € 7,70 5,30% 5,30% Details »
    26 mei 15 Verkopen € 7,70 23,84% 19,57% Details »
    8 mei 15 Verkopen € 7,30 22,35% -7,54% Details »
    16 apr 15 Verkopen € 7,30 20,63% -2,21% Details »

    bron :http://www.guruwatch.nl/advies/84903/ArcelorMittal/Goldman-Sachs/verkopen.aspx

  16. [verwijderd] 18 augustus 2015 15:27

    ABN AMRO verhoogt het houdadvies voor ArcelorMittal naar kopen (Buy)

    woensdag 5 augustus 2015 - 23:00u -

    ABN AMRO verhoogt het koersdoel van ArcelorMittal naar € 10,50 van € 9,00. Het houdadvies van vrijdag 31 juli 2015 wordt vervangen door een koopadvies. Dit vorige advies heeft geresulteerd in een rendement van 0,00%.
    Fonds: ArcelorMittal Guru: ABN AMRO
    Advies: Kopen Status: Actief
    Koersdoel: € 10,50 Score: 0,00%
    Startkoers: € 8,30 Huidige koers: € 7,87
    Verw. rendement: 26,58% 18 augustus 2015 - 15:10u
    Historische adviezen
    Historische adviezen (36), pagina 1 van 8
    Datum Advies Koersdoel Verw. Rend. Score
    5 aug 15 Kopen € 10,50 26,58% 0,00% Details »
    31 jul 15 Houden € 9,00 0,00% Details »
    21 nov 14 Verkopen € 8,50 15,84% 15,84% Details »
    18 mrt 14 Houden -3,71% Details »
    17 feb 14 Kopen -11,01% Details »
    | Volgende »
    Over aandeel:
    ArcelorMittal
    Sentiment



    Gemiddeld koersdoel 11,70 27,05%
    Totaal aantal adviezen 15
    Door guru:
    ABN AMRO
    Totale aantal adviezen 2500

    ABN volg ik meestal heeft zeer goede adviezen !!! hij wijkt niet veel af met de werkelijkheid !
35.173 Posts
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