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Aandeel ArcelorMittal LU1598757687

Laatste koers (eur) Verschil Volume
26,920   +2,560   (+10,51%) Dagrange 24,870 - 26,930 5.373.130   Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 316 317 318 319 320 ... 1759 »» | Laatste | Omlaag ↓
  1. max21 9 november 2015 03:49
    www.bloomberg.com/news/articles/2015-...
    The flood of steel that mills in China are pushing onto global markets fell in October from a record amid rising trade frictions and weak overseas demand, signaling that what’s been a safety valve for the world’s top producer may now be starting to close.
    Outbound cargoes of steel shrank 20 percent to 9.02 million metric tons last month from September, according to customs data released on Sunday. That was the lowest figure since June, and below the monthly average so far this year of 9.21 million tons.
    “The slump in steel exports last month compared with September reflects rising trade frictions for Chinese products,” Helen Lau, an analyst at Argonaut Securities (Asia) Ltd. in Hong Kong, said after the release of the trade data, which showed overall exports from the country dropped for a fourth month, adding to signs of headwinds. “There have been complaints in Asean, Europe and recently the U.S.” about Chinese steel, Lau said.
    China’s mills, which account for half of global production, have exported unprecedented volumes of steel this year to help counter contracting demand in Asia’s top economy. The surge has undermined prices and increased competition from India to Europe and the U.S., spurring complaints that the trade is unfair. While down on-month, China has still shipped 25 percent more steel this year than in the same period of 2014.
    Industry Crisis
    The global steel market is being overwhelmed with metal coming from China’s state owned and state-supported producers, a collection of industry groups including the American Iron and Steel Institute said on Thursday. The next day, ArcelorMittal cut its full-year profit target, citing exceptionally low Chinese export prices.
    Cases against Chinese steel imports are surfacing worldwide. Last week, the U.S. Department of Commerce said it planned duties of 236 percent on imports of corrosion-resistant steel from five Chinese companies. More than 20 cases have been lodged against China’s cargoes, with about seven from Southeast Asia, according to the South East Asia Iron & Steel Institute.
    “Lower steel exports reflect waning demand from overseas trading partners,” Xu Huimin, an analyst at Huatai Great Wall Futures Co. in Shanghai, said before the data. Financial markets and many businesses in China were closed Oct. 1-7, which may have also contributed to the drop in exports, Xu said.
    Avoid Frictions
    Given the October break, some mills may have brought forward orders to September, so exports that month were high while October’s figure was small, according to Argonaut’s Lau. Maybe mills wanted to slow exports to avoid frictions, she said. Citigroup Inc. said on Monday it was maintaining its forecast of 100 million tons for net shipments in 2015.
    Inbound cargoes of iron ore shrank 12 percent to 75.52 million tons last month from September, according to the customs figures. Purchases totaled 774.5 million tons in the first 10 months, little changed compared with the same period a year earlier.
    Iron ore stockpiled at Chinese ports rose 1.5 percent to 86 million tons in the week to Nov. 6, according to Shanghai Steelhome Information Technology Co. Ore with 62 percent content delivered to Qingdao was at $48.21 a dry ton on Friday, 32 percent lower this year, according to Metal Bulletin Ltd.
  2. forum rang 10 voda 9 november 2015 16:17
    ArcelorMittal-koersdoel 40% omlaag naar EUR6,00, Rabobank - Market Talk.


    AMSTERDAM (Dow Jones)--ArcelorMittal (MT.AE) krijgt van Rabobank een koersdoel van EUR6,00, een verlaging met EUR4,00 ten opzichte van het voormalige koersdoel. Het advies blijft hold. Rabobank betoogt dat de winst voor aftrek van rente, belastingen, afschrijvingen en amortisatie van goodwill (EBITDA) overeenkwam met de verwachtingen, maar dat de pijn vooral zit in de outlook voor het vierde kwartaal. De consensus was al verlaagd, maar de outlook van ArcelorMittal over het huidige, lopende kwartaal, komt zelfs daar onder uit. Rabobank wijst op de aanhoudende druk op staalprijzen en de lastige marktomstandigheden. Het aandeel ArcelorMittal sloot vrijdag op EUR5,00. (andre.sterk@wsj.com)


    Dow Jones Nieuwsdienst: +31-20-5715200; amsterdam@dowjones.com

  3. forum rang 10 voda 9 november 2015 16:21
    Lifttak moet ThyssenKrupp etage hoger brengen

    Gepubliceerd op 9 nov 2015 om 13:35 | Views: 1.110

    ESSEN (AFN) - ThyssenKrupp mikt in 2020 op een bedrijfsresultaat van 1 miljard euro bij zijn liftdivisie, die de staalfabrikant weer vlot moet trekken na schandalen en mislukte avonturen in de VS in de afgelopen jaren. Het Duitse concern gaf maandag aan dat de winstmarge over enkele jaren moet zijn gestegen naar 15 procent.

    In de negen maanden tot eind juni was de lifttak goed voor een aangepaste winst voor rente en belasting van 557 miljoen euro. Het veertig jaar oude onderdeel is goed voor de helft van de winst van ThyssenKrupp, dat onder de in 2011 aan boord gehaalde topman Heinrich Hiesinger werkt aan een nieuwe koers.

    Het bereiken van het winstdoel is volgens directeur Andreas Schierenbeck van de lifttak nog een redelijke uitdaging. Hij wees onder meer op de afkoeling van de Chinese economie. China is normaliter goed voor twee derde van de orders. ,,Als daar wat gebeurt, is het onmogelijk dat elders volledig te compenseren'', stelde de directeur. In Rusland en Saudi-Arabië worden daarnaast nieuwe klussen uitgesteld omdat de dalende olieprijs budgetten onder druk zet.
  4. forum rang 10 voda 9 november 2015 16:30
    Ezz Steel widens net loss in Q2

    Published on Mon, 09 Nov 2015 98 times viewed

    Ezz Steel, Egypt’s biggest steelmaker, posted second quarter net loss of 291.63 million Egyptian pounds (US$36.32 million), up from 162.67 million pounds in the same period last year, the company announced Thursday.

    The company also said its losses for the first half of the year were 437.57 million Egyptian pounds from 142.50 million pounds the year before.

    Source : amwalalghad.com
  5. forum rang 10 voda 9 november 2015 16:30
    Krakatau Steel revaluation of assets adds USD 1 billion

    The Jakarta Post reported that state run steel maker Krakatau Steel announced on Wednesday that the publicly listed company had revalued its assets and increased its book value by more than USD 1 billion. Krakatau Steel, according to a statement published in the Indonesia Stock Exchange, gained USD 1.1 billion after revaluing its assets. Its fixed and other assets stood at USD 1.13 billion as of the end of September, far above the USD 33.55 million before the revaluation.

    The gains, the company said in the statement, came from revaluing Krakatau Steel and its subsidiaries’ land assets located in Cilegon, Banten and in other areas in Greater Jakarta.

    The move was made on the heels of a tax relief offered for any companies that revalued their assets during certain periods, as stipulated in the government’s fifth economic package announced last month. Those that apply for the asset revaluation before year-end will be eligible for a 3 percent tax rate, down from the current 10 percent. The tax rate will be set at 4 percent for those that apply for the revaluation between January and June 2016, and at 6 percent for the period of July to December 2016.

    By revaluing their assets, companies and individuals can expect to see the value of their assets increase, thus creating greater room or leverage for them to access external financing.

    Source : The Jakarta Post

  6. forum rang 10 voda 9 november 2015 16:33
    Tata Steel to sell Europe long products business by March 2016

    Press Trust of India reported that forced to go for more restructuring of its UK business due to a challenging marketplace, Tata Steel will sell its long products Europe business by the end of 2015-16.

    When asked, Tata Steel Europe Chief Executive Karl Koehler last week said “Our stated strategy stays unchanged. Long products will not have a future within Tata Steel. And that means we will come to one of the possible options which I don’t need to spell out and decisions about that have to happen within the timeframe of this financial year, to say the very least.”

    In August, the firm had said talks with Switzerland-based Klesch Group for sale of its long products Europe business had been discontinued. The firm had been in talks with Klesch following signing of a deal in October 2014.

    Tata Steel has already made three restructuring announcements of its business in the UK since July this year.

    The business manufactures plates, sections, wire rod and semi-finished steel for different markets, including construction, ship-building and engineering, energy and wire drawers. These products are made at its mills in Teesside and Scunthorpe in the UK.

    Source : Press Trust of India

  7. forum rang 10 voda 9 november 2015 16:34
    POSCO chairman calls for steel supplies cut from China

    Korea Herald reported that POSCO Chairman Dr Kwon Oh-joon lamented the global steel industry’s overwhelming supply in his first interview with a local business daily on last Thursday. Dr Kwon said the oversupply, fueled mainly by ramped-up production from China, is turning the markets lopsided. With that in mind, the chairman called for China to cut its steel supply by at least 30 percent.

    Dr Kwon said the Korean steelmaker would refrain from building more furnaces.

    It seemed like his comments were aimed at not just POSCO, but at other steelmakers in Korea, industry watchers said, asking for their cooperation in not erecting more furnaces.

    Dr Kwon also said that POSCO won’t be acquiring faltering Dongbu Steel, which recently appeared on the selling block.

    The chairman has driven reform measures to revive the steelmaker, which was hit by a plethora of misfortunes including executive-level corruption and the ongoing global oversupply, since he took the helm last March.

    Source : Korea Herald
  8. forum rang 10 voda 9 november 2015 16:35
    ata Steel UK seeks 30% price cuts from suppliers – Report

    Sunday Telegraph reported that Tata Steel has written to its suppliers asking for an immediate 10 percent reduction in their prices and demanding deeper cuts over the longer term. The letter said "We are seeking a long-term price reduction of 30 percent on all purchases. As a first step we would appreciate an immediate price reduction of 10 percent.”

    The letter said "We greatly appreciate your support but also want to stress that we require contribution from all of our suppliers. Should you – for any reason – be unable to support us in our efforts, we will need to fully consider other options."

    The newspaper said the letter was signed by the procurement director of Tata Steel Long Products Europe.

    The letter comes as Tata and other steel manufacturers cut jobs in Britain, citing a flood of cheap imports, particularly from China. Job losses and plant closures have pushed the issue up the British political agenda.

    A Tata spokesman said the company had been in discussions with its suppliers for more than a month and had received "an excellent response with positive and innovative ways we can work together".

    Source : Reuters
  9. forum rang 10 voda 9 november 2015 16:36
    UK steelmakers call for immediate EU action on Chinese imports

    Reuters reported that British steelmakers have called for business minister Mr Sajid Javid to insist on immediate action against Chinese steel 'dumping' when he meets European Union economy and industry ministers in Brussels on Monday.

    Mr Gareth Stace, director of UK Steel, an industry lobby, said “The US and other countries have already moved to prevent cheap Chinese imports distorting their markets and now the EU must do the same and, do so quickly ... if we’re to prevent large scale problems for steelmakers spreading.”

    Britain requested the emergency meeting after nearly 4,000 of its steel jobs were lost or put at risk in October, equivalent to about a fifth of the sector's workforce, with steelmakers and unions pinning much of the blame on China.

    China makes nearly half the world's 1.6 billion tonnes of steel. It is expected to export a record 100 million tonnes of steel to world markets this year to help address its spare steelmaking capacity - estimated at 400 million tonnes.

    Source : Reuters
  10. forum rang 10 voda 9 november 2015 16:38
    Japanese steel scrap exports dip in September

    Scrap Monster reported that the the steel scrap exports by Japan during the month of September this year declined considerably, as per the latest data released by the country’s Ministry of Finance. According to MoF data, the country’s scrap exports totaled 499,000 tons during the month.

    The exports were down sharply by 11.7% when compared with the exports during the same month a year before. The country’s steel scrap exports during September last year had totaled 565,000 tons. The Japanese steel scrap exports dropped sharply when compared with the previous month. The exports were down by nearly 7% when matched with 535,000 tons during August this year.

    The largest importer of Japanese scrap during the month of September this year was South Korea. The scrap imports by South Korea totaled 237,000 tons, constituting nearly 48% of the total scrap exports by Japan during the month. The scrap exports to South Korea dropped by nearly 15.3% over the previous year. Japan had exported 280,000 tons of scrap to South Korea during September 2014. In second place was China with scrap steel imports from Japan totaling to 159,000 tons. The exports to China increased marginally by 2.2% year-on-year. The other main importers of Japanese steel scrap were Vietnam (84,000 tons, up 1.6%) and Taiwan (8,000 tons, down 82.5%).

    The cumulative scrap exports by Japan during the initial nine-month period of the year totaled 5.921 million tons.

    The country’s steel scrap export for the whole year 2015 is estimated at 7.90 million tons.

    Source : Scrap Monster
  11. forum rang 10 voda 9 november 2015 16:39
    Metal recyclers see 2015 as the most challenging year

    Recycling International reported that addressing the divisional meeting in Prague recently, Mr Nick Rose of UK-based Tandom Metallurgical Group echoed these same sentiments in his world market summary. He lamented “It was never going to be the year of plenty but the most pessimistic of bears couldn't have foreseen the constant downward spiral of 2015.”

    Billet exports from China 'at ever-decreasing prices' had been 'truly the cause of the present condition of ferrous scrap values', stressed BIR ferrous division president William Schmiedel of Sims Metal Management in the USA. 'The good news,' he added in Prague, 'is that the lower prices we are experiencing today should enable our customer base to again start to look at ferrous scrap as a reasonable, viable and economic option.'

    At the BIR stainless steel & special alloys committee meeting, its chairman Joost van Kleef of Oryx Stainless described 2015 'as one of the most challenging years to date for the stainless steel recycling industry'.

    Source : Recycling International
  12. forum rang 10 voda 9 november 2015 16:41
    voestalpine sees no hit from Volkswagen scandal - Wirtschaftsblatt

    Reuters reported that Austrian speciality steel and car parts maker Voestalpine has seen no hit to its orders from the scandal at Europe's No.1 automaker Volkswagen, the head of its metal forming division told Austrian newspaper Wirtschaftsblatt.

    Mr Peter Schwab said in the interview “At the moment we don't see any changes. We see a slight shift in our production to petrol engines from diesel engines. But one could interpret this as normal fluctuation.”

    He said "We are working through our orders, we continue to produce the same way we used to."

    Mr Schwab said for him it was unimaginable that Volkswagen would stop its orders. He said "VW is an unsinkable ship. If orders from VW were to stop, it would take Voestalpine one or two years to compensate with orders from other carmakers.”

    Volkswagen is facing fresh questions after US regulators widened their accusations of emissions-test cheating against the German carmaker to include the luxury Porsche brand previously run by its new CEO.

    Voestalpine's metal forming division makes 12 percent of its 2.3 billion euros ($2.5 billion) in revenue from Volkswagen orders.

    Source : Reuters
  13. forum rang 10 voda 9 november 2015 16:42
    Update on voestalpine iron ore pellet plant

    KrisTV reported that construction on voestalpine’s reduction where the iron ore pellets the company will use to produce hot briquetted iron will be purified has nearly reached its final height of 450 feet. The first section of the tower’s lighting was installed October 10, and the remaining sections will be activated over the next two months. Workers are now installing lighting throughout the tower. The plant will produce two million tons of HBI per year.

    voestalpine Head of Communications and Public Relations Mr Jonas Chupe said “The section lighted now is low, but every week we’ll light an additional section. It’s a lighting system that has been designed with safety and visibility in mind. There are 2,100 workers currently on site, and the company expects to have 2,300 there within the next few weeks.”

    Construction of voestalpine’s dock, which sits on the La Quinta ship channel, is complete. Two cranes that will unload ships there were delivered from Germany. A third crane will be shipped from Italy.

    Construction is estimated to be complete by the end of 2015, and production of HBI is scheduled to begin within the first quarter of 2016.

    Source : KrisTV
  14. forum rang 10 voda 9 november 2015 16:44
    Declining steel prices and major shutdowns for up gradation impact SAIL Q2

    In H1 2015-16, SAIL registered a growth in hot metal and crude steel production of 8% and 5% respectively over CPLY. However, SAIL has incurred net loss of INR 1378 Cr in H1, FY16 which includes a net loss of INR 1056 Cr during the 2nd quarter.

    SAIL’s financial performance has suffered mainly due to lower sales realisation which dropped by 24% in Q2, FY16 over same quarter last year (corresponding to around Rs.7500 per tonne) and a decline in sales by 6.7%. Although the sales in the long product segment registered a robust growth of 20% over CPLY, the sales of flat products declined by around 15% primarily due to the 75 days shutdown of the Hot Strip Mill at Bokaro for its upgradation.

    SAIL incurred an additional expenditure of INR 280 Crore towards contribution to District Mineral Fund (DMF) under MMDR Amendment Act – 2015. There has also been an increase in interest & depreciation related charges with commissioning of the new facilities under the on-going modernisation and expansion plan.

    The Company’s performance is set to improve in H2, FY16 with completion of the upgradation of the Hot Strip Mill at Bokaro. This upgradation which includes installation of a new reversing roughing mill and heat shields would not only, increase the capacity of the Hot Strip Mill from 3.9 mtpa to 4.2 mpta but would also improve the quality of the product. Further, with the completion of capital repairs of one blast furnace during the quarter and ramping up of production gradually from the new units there would be substantial increase in production of saleable steel.

    Indian domestic prices have registered steep decline due to impact of lower priced steel imports especially from China, Japan, Korea and CIS countries. Domestic and International Steel Market continues to pose challenges to the Indian steel makers. Government of India’s support in the form of imposition of safeguard duty has given some relief to the industry. However, the industry will have to bear with low cost imports for some more time and may look for some more support.

    Speaking on the occasion, Secretary, MSME and Chairman SAIL, Dr. A.K. Pujari said, “SAIL is focused to ramp up production from the modernized facilities along with renewed thrust on production of value added steel and cost reduction which will bolster its performance during the balance period of the current fiscal.”

    Source : Strategic Research Institute
  15. forum rang 10 voda 9 november 2015 16:45
    Vedanta to cut iron ore mining cost in Goa

    The Hindu Business Line reported that Vedanta is stepping up efforts to reduce operational cost to keep iron ore mining in Goa viable. Mining has come under stress with the price of ore, with 56 per cent iron content, being mined in Goa has now plunged to USD 32 a tonne from USD 140 a tonne few years ago. The payout for taxes and levies is adding to the costs.

    Speaking to BusinessLine, Mr Kishore Kumar, CEO, Vedanta (Iron Ore Business), said while the price of ore has dropped, the cost has been on a steady rise. He said “About 40 per cent of Vedanta’s revenue goes to paying government taxes and levies. Of the realisation of USD 32, about USD 14 goes to the Government as taxes and levies and the cost of production is USD 20 per tonne.”

    When asked why the company should continue mining if it is incurring a loss for every tonne of ore mined in Goa, Mr Kumar said the company has commitments including salary obligation for over 2,000 employees and interest payments on INR 2,500 crore loan.

    He said “The freight cost in Goa is 20-30 per cent higher as transport operators in other Sates are allowed to work for 12-18 hours a day, while in Goa they are allowed to ply only for 10 hours a day, thus, making more trips to transport the same quantity.”

    Source : The Hindu Business Line
  16. forum rang 10 voda 9 november 2015 16:46
    Kumba Iron Ore and ArcelorMittal SA amend supply agreement

    Shareholders are advised that Kumba Iron Ore Limited and ArcelorMittal SA Ltd have agreed to amend the pricing mechanism of the long term supply agreement for Kumba to supply ArcelorMittal with up to 6, 25 million tonne per annum of iron ore that they entered into on 5 November 2013.

    Source : Strategic Research Institute
  17. forum rang 10 voda 9 november 2015 16:46
    Vale S11D expansion to push iron ore production costs down to USD 10 a tonne

    mining.com reported that Rio de Janeiro based Vale told investors it expects the S11D expansion in the Brazilian Amazon to be completed by the end of next year and that it has trimmed the project's budget bay as much as USD 2.6 billion to around USD 14.5 billion.

    Vale said it was able to reduce cash costs to just $12.70 per tonne (it's in the high teens at Rio Tinto and BHP) and that S11D could push costs below $10 a tonne, thanks largely to the weak real which is down more than a third in value against the US currency over the past year.

    S11D forms part of Vale's massive Carajás complex and will add another 90 million tonnes to the miner's capacity pushing it over 400 million tonnes per year. Last month the company announced record third quarter shipments of 88 million tonnes despite idling 13 million tonnes worth of high cost operations.

    The seaborne iron ore market is roughly 1.3 billion tonnes per year, most of it destined for China.

    Source : mining.com
  18. forum rang 10 voda 9 november 2015 16:47
    Chinese iron ore imports dip to 75 million tonnes in October

    Over the weekend Chinese government reported that Chinese iron ore imports fell to 75.52 million tonnes in October down by 12.3% MoM over 86 million tonnes in September. Reflective of the broader trend, between January to October iron ore imports totaled 774.5 million tonnes, down 0.5% on the same period of 2014.

    Source : Strategic Research Institute
35.173 Posts
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