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Home  /  Forum  /  Arcelor Mittal  /  Nieuws en info hier plaatsen (deel 4)

Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

Laatste koers (eur) Verschil Volume
22,480   +0,370   (+1,67%) Dagrange 22,110 - 22,690 2.135.428   Gem. (3M) 2,5M

Nieuws en info hier plaatsen (deel 4)

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35.173 Posts
Pagina: «« 1 ... 31 32 33 34 35 ... 1759 »» | Laatste | Omlaag ↓
  2. forum rang 10 voda 1 december 2013 15:37
    China average daily crude steel output eases to 2.132 million tonne for mid November

    China Iron & Steel Association data showed that China's average daily crude steel output fell during November 11-20 from the previous 10 days to 2.132 million tonnes.

    CISA estimated the country's total production based on its members, including more than 80 large steel mills that account for about 80% of China's total steel output.

    Members' steel stockpiles rose 7.8% from the previous 10 days to 13.934 million tonnes.

    Source - Reuters
  3. forum rang 10 voda 1 december 2013 15:39
    Kalahari Resources eyes ArcelorMittal Kalagadi Manganese stake

    Kalahari Resources hopes to buy Luxembourg based ArcelorMittal Group out of a manganese JV for ZAR 3.9 billion early next year, shortly after finalizing a deal for a ZAR 5 billion smelter.

    Ms Daphne Mashile Nkosi executive chairwoman of Kalagadi and head of Kalahari said said that “Kalahari, a 40% shareholder in Kalagadi Manganese, has had a fraught relationship with the world’s largest steel maker but the divorce promises to be amicable. A deal was struck in mid November last year for ArcelorMittal to sell its 50% stake in Kalagadi to Kalahari. The terms still stand despite more than a year passing. Relations had degenerated to the point where there were pitched courtroom battles to resolve differences.”

    Ms Mashile Nkosi said that "The relationship has seriously improved. We’ve gone beyond fighting to say this is our baby and let’s do our best to bring it up. The fact we are divorcing doesn’t mean you throw it away. We are going through an amicable divorce. We are in the hands of the institutions we have approached for funding. Kalagadi has term sheets from a range of funders to buy the ArcelorMittal stake, with capital more readily available now that the mine and sinter projects are largely completed.”

    She said that a problem with the main winder at the mine means underground production will start only in February and ramp up to full capacity of 3 million tonnes a year eight months later. Kalagadi has commissioned its sinter plant using third-party material bought from nearby mines. It plans to continue buying manganese from other mines to add 700,000 tonnes a year of feedstock to the plant to keep it operating at full capacity of 3.7 million tonnes a year. Once the deal is concluded, the parties will renegotiate off-take terms for the 2.4 million tonnes a year of sintered manganese coming from the project near Hotazel, in the Northern Cape.

    Ms Mashile Nkosi said that ArcelorMittal had been entitled to 50% of production as an owner of Kalagadi but the commercial terms and size of off take will come up for renegotiation. Kalagadi expects to sign a transaction next month to build a smelter at the Coega industrial zone and port in the Eastern Cape.

    She said that the smelter will use 680,000 tonnes of sintered manganese from the mining project to produce 320,000 tonnes a year of high carbon ferro manganese alloy. Construction of the R5.3bn smelter should start in February and take 18 months to build.

    Source - Bdlive.co.za
  4. forum rang 10 voda 1 december 2013 15:40
    86 key steelmakers October saw profits down by 47.46%

    The China Iron and Steel Association posts that 86 key steelmakers profited CNY 1.72 billion in October, down 47.46% from September. Large and medium steelmakers made CNY 309.1 billion sales incomes in October, up 0.96% from September. Up to 18 or 20.93% of the 86 companies incurred losses, four companies more than September; the losses they incurred were CNY 1.123 billion , 19.60% more than September.

    Source - SinoCast

    Chinese steel enterprises gross profits in October down by 47.46%

    According to the data released by the China Iron and Steel Association, in October this year, the aggregate sales revenues of large and medium sized steel enterprises in China amounted to RMB 309.144 billion (USD 50.74 billion), increasing by 0.96%month on month, while their aggregate gross profit totaled RMB 1.716 billion (USD 0.28 billion), down by 47.46% month on month

    Accordingly, 18 of the 86 large and medium-sized domestic steel enterprises registered losses in the given month, four more than in the month of September this year, with their gross losses amounting to RMB 1.123 billion (USD 0.18 billion), up 19.60% month on month.

    Meanwhile, in the January-October period of the current year, the total gross profits of large and medium-sized steel enterprises in China amounted to RMB 12.97 billion (USD 2.13 billion), compared to a total gross loss of RMB 5.223 billion in the same period last year, while the aggregate sales revenues of the enterprises in January to October this year totaled RMB 3.038275 trillion (USD 0.49 trillion), up 3.25% year on year. The gross profit to sales ratio of the enterprises in question in the January to October period this year was just 0.43%. 27 steel enterprises recorded gross losses in the first 10 months this year, six less than in the same period last year, while their aggregate gross losses amounted to RMB 12.169 billion (USD 1.99 billion), down 58.68% year on year.

    Source - Visit www.steelorbis.com for more
  5. forum rang 10 voda 1 december 2013 15:42
    Corus needs to look beyond Europe and US for revival - Mr Ratan Tata

    According to Tata group chairman emeritus Mr Ratan Tata, CorusTata Steel Europe, formerly known as Corus, needs to look beyond Europe and US and focus on emerging markets to revive its fortune.

    While admitting that USD 12 billion deal to acquire the Anglo-Dutch steel maker Corus was 'expensive', Mr Tata, however, said he was hopeful of a turnaround by the struggling European steel giant. He said that "I think there are many things that Corus probably needs to do.It has been a traditional Europe-facing and US-facing company.”

    Mr Tata in an interview on CNBC's Managing Asia said that “While the US has been coming out of recession, Europe is still flat or down and I think the company needs to look at different markets, including the emerging markets, as a market for its products.”

    Asked if TATA Steel would consider selling all or part of the company, which is losing around USD 1 billion a year, he declined to comment, saying that "I have been away from that situation for nine months. I wouldn't like to comment.”

    He, however, hastened to add, "I understand that very slowly things are turning around.”

    In May this year, TATA Steel revealed 1 billion pounds write-down in the value of its European arm, underlining the chronic difficulties faced by the company.

    Moreover, last month Tata Steel Europe announced major restructuring proposals to boost its competitiveness that could lead to the loss of around 500 jobs in the UK.

    TATA Steel's European unit has faced problems almost all through so far since it was acquired by the home-grown steel major in 2007. The financial crisis in the Euro-zone economies, which has led to subdued demand, was the main reason for the troubled times.

    The company had mothballed some assets, put in money for modernisation and even resorted to job cuts to make the unit healthy and withstand the downturn.

    Defending the move to acquire Corus, Mr Tata said that "It was expensive. We were only a five million tonne company in India and this gave us about 20 million tonne. So it was a high price but not a price that would do what the economic situation did to us, which is unfortunate."

    Source - Reuters
  6. forum rang 10 voda 1 december 2013 15:43
    Pre winter restocking keeps the iron ore market ticking

    Chinese mills stepped up buying during November despite lull in finished market. Spot iron ore price levels have gained healthy 3% in November after hitting low point in October.

    Currently spot iron ore Fe 63.5/63% is offered at USD 136 per tonne which had dipped to a low of USD 132 just before the National Holiday in China (1st week October) .

    Despite expected relapse in production with approaching winter and stolid market for finished steel the uncanny interest in iron ore buying primarily hinges on re-stocking before the winter holiday. Crude steel production picked up by 2.2% to 2.144 million tonnes in the first ten days of November it did not draw away from an imminent winter hiatus.

    Finished steel market remained inactive with rebar for May delivery on the Shanghai Futures Exchange closed nearly flat at 3,670 yuan (USD 602 per tonne) per tonne on Friday.

    However it might be the last spark before the winter draws in dousing the residual enthusiasm.

    Source - Strategic Research Institute
  7. GVteD 1 december 2013 16:09
    REFILE-ArcelorMittal says U.S. buy won't impact $15 bln debt target

    ArcelorMittal's acquisition of a U.S. plant jointly with Nippon Steel & Sumitomo Metal Corp will not affect the world No. 1 steelmaker's debt targets, ArcelorMittal's chief executive said on Sunday.

    ArcelorMittal unveiled the $1.55 billion takeover of ThyssenKrupp's U.S. steel finishing plant in Calvert, Alabama, on Friday, saying it would finance the deal via equity and debt at the joint venture level.

    ArcelorMittal Chief Executive Lakshmi Mittal told reporters on a conference call the deal would have a minimal impact on this year's debt and no effect on its medium term debt target.

    The company estimates net debt of $17 billion by the end of 2013, falling to $15 billion in the medium term.

    Chief Financial Officer Aditya Mittal said ArcelorMittal and Nippon would split the equity cost of the deal.

    "The ratio of debt to equity is 2 to 1 which implies $1 billion of debt on the joint venture. As it is a $1.55 billion deal, it's $258 million of equity financing for ArcelorMittal," he said.

    He said the equity financing and the debt of the joint venture would not be consolidated in ArcelorMittal's balance sheet.

    Lakshmi Mittal said he did not see any U.S. antitrust issues.

    "We do not anticipate major problems from the antitrust authorities, the Department of Justice, the Department of Commerce," he said.

    He also repeated his forecast for global steel consumption growth of 3-3.5 percent this year, saying the U.S. steel market had bounced back to its pre-crisis level while the European market continued to be weak.

    (c) Copyright Thomson Reuters 2013. Click For Restrictions - about.reuters.com/fulllegal.asp
  10. forum rang 6 Candelll 1 december 2013 18:30

    Thyssen announces capital raise as US deal sealed

    December 01, 2013 - 8:10:08 am

    The interior of the ThyssenKrupp Steel USA factory in Calvert, Alabama. ThyssenKrupp has agreed to compensate buyers of its US steel plant for any under-performance in the next few years.
    FRANKFURT: ThyssenKrupp is selling its US plant to two rivals in a long-awaited deal to help extricate the German steelmaker from an ill-fated boom-year expansion plan, and said it plans to raise up to ¤1bn (£830.78m) in a share sale.

    Germany’s largest steelmaker, whose empire stretches from shipyards to elevators, said late on Friday it would sell its US steel finishing plant in Calvert, Alabama, to ArcelorMittal and Nippon Steel & Sumitomo Metal Corp for $1.55bn.

    It also said it would increase its capital by as much as 10 percent in a sale of new shares, which could raise close to ¤1bn at the current price, to bolster its balance sheet and help reduce a crippling debt burden.

    ThyssenKrupp has been trying for more than a year and a half to find a buyer for its Steel Americas unit — comprised of the US steel finishing plant and steel slab mill CSA in Brazil — which has drained billions from the company for the past few years and been an obstacle to raising fresh funds.

    But the sale of the US plant in Calvert is not the coup that ThyssenKrupp Chief Executive Heinrich Hiesinger had initially hoped for. It still leaves the group with its 73 percent stake in Brazil’s CSA, which accounted for the bulk of almost ¤13bn ThyssenKrupp has spent on Steel Americas. Hiesinger, who took the helm of the group in 2011, asked investors to be patient and give him more time to turn around Germany’s biggest steelmaker.

    “When you restructure a company that has manoeuvred itself into a deep crisis over a period of many years, it’s also going to take years to put the company on a sound footing,” Hiesinger told journalists during a news conference yesterday.

    Hiesinger has been trying to shed assets with ¤10bn of annual revenue to shift ThyssenKrupp away from the volatile steel business into higher-margin products and services such as elevators, submarines and factory components. But he has fought an uphill battle since he became CEO as the company was hit by scandals, while finances at the industrial conglomerate steadily deteriorated.

    At the end of its financial year through September, ThyssenKrupp had to ask banks to waive loan covenants to avoid losing a major credit line.

    And in another unexpected setback, ThyssenKrupp said on Friday it was forced to take back Italian steel plant Terni and high-performance alloy unit VDM, parts of the stainless steel business it sold to Finland’s Outokumpu last year.

    Reuters
  11. GVteD 1 december 2013 23:34
    ArcelorMittal Deal for Rival’s Plant Signals Faith in Recovery

    By STANLEY REED

    Published: December 1, 2013




    LONDON — ArcelorMittal’s acquisition of an ailing rival’s steel plant in Alabama signals confidence in the economic recovery and may herald a resurgence of deal-making by ArcelorMittal, the world’s largest steel maker, its chief executive suggested on Sunday.


    ArcelorMittal SA

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    ArcelorMittal announced on Friday that it would join the Nippon Steel & Sumitomo Metal Corporation to buy the steel-finishing plant in Calvert, Ala., from a European rival, ThyssenKrupp, for $1.55 billion. In a conference call with reporters on Sunday, ArcelorMittal’s chief executive and chairman, Lakshmi N. Mittal, said the plant would primarily serve auto factories in the Southern United States, where his company does not have a major presence.

    The global financial crisis sharply curtailed demand for steel in much of the world, but Mr. Mittal said consumption was again growing, though the recovery was more advanced in the United States than in Europe.

    “The U.S. market has come back almost to precrisis levels,” he said on Sunday. “The overall macroeconomic situation is improving.”

    But he added that steel demand in Europe remained about 20 percent lower than before the financial crisis.

    ArcelorMittal, which is based in Luxembourg, is already one of the leading steel makers in North America, but its factories that serve the automotive industry are at high levels of capacity. Mr. Mittal said he expected car production in North America to increase by 15 percent in the next decade, requiring more output. He also predicted increased demand for steel from the energy industry in the United States, partly because of a surge in drilling for shale gas and oil.

    The deal is ArcelorMittal’s first major acquisition since the financial crisis began in 2008. Laboring under a heavy debt load and overcapacity in the steel industry, ArcelorMittal has directed investment to its mining business. On Sunday, Mr. Mittal signaled that the company may want to snap up more assets soon.

    “We will continue to strengthen our franchise business in supplies to auto companies” in the United States and Europe, he said.

    ThyssenKrupp, which is based in Essen, Germany, developed the Alabama plant at a cost of $5 billion and opened it in 2010, in the midst of the financial crisis. Mr. Mittal said the plant was ultramodern and could supply the lightweight, high-strength steel that automakers need for cars subject to increasingly stringent emissions and efficiency regulations.

    The plant is part of ThyssenKrupp’s troubled Steel Americas unit, which includes a steel mill in Brazil that ThyssenKrupp built for 5.2 billion euros, or $7.1 billion. On Saturday, ThyssenKrupp reported that the Steel Americas unit lost €495 million for 12 months ended Sept. 30. Overall, the company reported a net loss of €1.5 billion on sales of €38.6 billion. That is an improvement from last year, when it lost €5 billion. Heinrich Hiesinger, who has been chief executive of ThyssenKrupp since 2011, said on Saturday that he would like to raise as much as €1 billion in capital through the sale of new shares.

    The Brazilian plant, in Rio de Janeiro State, manufactures slabs of raw steel that are shipped to the plant in Alabama to be fashioned into sheet steel and other products. ThyssenKrupp has been trying to sell the Steel Americas unit for 18 months.

    While the Brazilian plant will remain in ThyssenKrupp’s hands for now, as part of the deal announced on Friday, ArcelorMittal and Nippon Steel & Sumitomo Metal agreed to buy 2.2 million tons of steel slabs per year from the Brazilian plant for two years. The deal is expected to close in the second quarter of 2014, subject to regulatory approvals.

    Jeff Largey, a steel analyst at Macquarie Securities in London, said the acquisition was “part of a turning point” for ArcelorMittal. “As the market improves,” Mr. Largey wrote by email, ArcelorMittal “will be better positioned to grow.” He described the $1.5 billion price as a bargain.

    Even so, Mr. Mittal is moving cautiously by bringing in as a partner Nippon Steel & Sumitomo Metal, which is based in Tokyo and is the world’s second-largest steel maker. The two already have joint ventures in the United States to supply the auto industry.

    Mr. Mittal’s son, Aditya Mittal, who is ArcelorMittal’s chief financial officer, said the deal would be financed at the joint venture level and, as a result, would add little debt to the parent company’s balance sheet. ArcelorMittal had $17.8 billion in debt at the end of the third quarter. The joint venture will borrow about $1 billion, he said, and ArcelorMittal will provide about $258 million in equity financing.
  12. forum rang 10 voda 2 december 2013 16:19
    Outokumpu verkoopt Terni fabriek aan ThyssenKrupp

    AMSTERDAM (Dow Jones)--De Europese marktleider in roestvast staal Outokumpu Oyj (OUT1V.HE) verkoopt zijn Italiaanse staalfabriek Acciai Speciali Terni spa terug aan ThyssenKrupp ag (TKA.XE), meldt het bedrijf maandag. Onderdeel van de verkoop is ook de VDM unit van Outokumpu.

    Midkapper Aperam sa (056997440.LU) was lange tijd geinteresseerd in de Italiaanse fabriek en richtte begin dit jaar zelfs een consortium op met twee Italiaanse bedrijven om te bieden op Terni.

    In ruil voor de Terni fabriek en de VDN-unit, koopt ThyssenKrupp een obligatielening van Outokumpu ter waarde van EUR1,27 miljard. Om te voldoen aan Europese mededingingsregels zal het Duitse bedrijf een belang van 29,9% in Outokumpu van de hand doen.

    Het Finse concern kondigde maandag ook andere maatregelen aan om zijn financiele positie te versterken, onder meer in de vorm van een claimemissie van EUR650 miljoen en de uitgifte van EUR500 miljoen aan gesyndiceerde leningen met een looptijd van drie jaar.

    Het Duitse ThyssenKrupp kondigde op haar beurt eind vorige week al aan dat het een fabriek in het Amerikaanse Alabama verkoopt aan een joint venture tussen ArcelorMittal (MT.AE) en het Japanse Nippon Steel & Sumitomo Metal Corp. (5401.TO).

    De verkoop van de staalwalserij in Calvert levert $1,55 miljard op, bovendien moeten de kopers over een periode van 6 jaar twee miljoen metrische ton aan staalplakken kopen van ThyssenKrupp's Braziliaanse staalfabriek.

    Wanneer de verkoop wordt afgerond is nog niet duidelijk; ThyssenKrupp verwacht dat het mogelijk een lang proces wordt omdat Amerikaanse mededingingsautoriteiten de deal waarschijnlijk nauwkeurig zullen bestuderen.

    Door Marleen Groen; Dow Jones Nieuwsdienst; +31 20 5715 200; marleen.groen@wsj.com


  13. forum rang 10 voda 2 december 2013 16:27
    Mijnbouwer Vale snijdt weer in investeringen

    Gepubliceerd op 2 dec 2013 om 14:41 | Views: 1.613

    NEW YORK (AFN) - Het Braziliaanse mijnbouwconcern Vale draait voor het derde jaar op rij de investeringskraan verder dicht. Het bedrijf maakte maandag tijdens een analistenbijeenkomst in New York bekend dat het volgend jaar 14,8 miljard dollar verwacht te investeren. Het budget ligt daarmee 1,5 miljard euro lager dan dat voor dit jaar.

    Het bedrag dat 's wereld grootste ijzerertsproducent in 2014 wil investeren, is het laagste in 4 jaar tijd. Door persbureau Bloomberg gepolste analisten gingen in doorsnee uit van een nog sterkere afname, tot 14,5 miljard dollar.

    Vale schroefde de begrote investeringen in nieuwe en bestaande projecten dit jaar al met bijna een kwart terug tot 16,3 miljard dollar. Het liet vorige maand al weten dat het daadwerkelijk bestede bedrag waarschijnlijk nog iets lager zal komen te liggen.

    Kritisch

    Volgens topman Murilo Ferreira blijft Vale kritisch kijken naar al zijn investeringen. Het bedrijf staat onder grote druk om de winstgevendheid, die sterk lijdt onder de aanhoudende economische malaise, te verbeteren. Het verkocht dit jaar voor 3 miljard dollar aan bezittingen en drong de kosten met 2 miljard dollar terug.

    De productie van ijzererts, het belangrijkste product van het Braziliaanse bedrijf, zal volgend jaar naar schatting uitkomen op 312 miljoen ton, tegen een verwachte 306 miljoen ton in 2013. Een jaar geleden voorspelde Vale voor 2014 nog een productie van 326 miljoen ton.
  14. forum rang 10 voda 2 december 2013 16:29
    ThyssenKrupp onderuit om aandelenemissie

    Gepubliceerd op 2 dec 2013 om 14:23 | Views: 1.529

    ThyssenKrupp 16:05
    EUR 17,45-1,86(-9,65%)

    ArcelorMittal 16:09
    EUR 12,91+0,23(+1,77%)

    FRANKFURT (AFN) - Het aandeel ThyssenKrupp stond maandag flink onder druk op de beurs in Frankfurt. Beleggers reageren negatief op verschillend nieuws dat het concern in het weekend bekendmaakte. Vooral een aangekondigde aandelenemissie valt beleggers zwaar, volgens marktkenners.

    ThyssenKrupp wil door de uitgifte van nieuwe aandelen zo'n 1 miljard euro ophalen. Daarvoor zou het uitstaande kapitaal met zo'n 10 procent verhoogd worden, wat zorgt voor verwatering onder bestaande aandeelhouders.

    ThyssenKrupp zei verder zijn staalfabriek in de Amerikaanse staat Alabama te verkopen aan het in Amsterdam genoteerde ArcelorMittal en Japanse Nippon Steel & Sumitomo Metal voor 1,55 miljard dollar. Voor deze fabriek probeerde de Duitse staalgigant al anderhalf jaar een koper te vinden.

    Terni

    De Italiaanse fabriek Terni wordt teruggekocht van het Finse Outokumpu Oyj, dat ook het onderdeel VDM van de hand doet aan ThyssenKrupp. In ruil voor Terni en VDM koopt ThyssenKrupp een obligatielening van het Finse concern die eind september een waarde had van 1,3 miljard euro.

    Het concern bracht verder de cijfers over het gebroken boekjaar 2013 naar buiten. Daarin werd een verlies geleden van 1,5 miljard euro. Dat is wel duidelijk minder dan het negatieve resultaat van 5 miljard euro van een jaar eerder. De omzet viel met 15 procent terug tot 39,8 miljard euro.

    Het aandeel ThyssenKrupp noteerde maandag omstreeks 14.00 uur bijna 9 procent in de min. Dat is het grootste koersverlies sinds september 2011.
  15. forum rang 10 voda 2 december 2013 16:52
    Baosteel 9 months net profit dips by 67pct YoY

    In the first nine months of this year, Baosteel has realized operating revenue of CNY 142.264 billion a drop of 2.42% year on year; net profit attributed to shareholders of listed company of CNY 4.642 billion, down 56.99% compared to the same period last year.

    Earnings per share was CNY 0.28. In the first three quarters of this year, net profit attributed to shareholders of listed company deducting non recurring gains and losses was CNY 4.675 billion, a rise of 55.68% from a year earlier.

    In the third quarter of this year, oversupply continued whilst raw materials and sales price rebounded slightly. China's large and medium-sized steel mills recovered moderately in their performances but the whole industry still ran in slender profit.

    Baosteel has produced 5.161 million tonnes of pig iron, 5.324 million tonnes of crude steel and 5.563 million tonnes of steel products in Q3 with total profit of CNY 1.39 billion.

    Source - www.steelhome.cn/en
    China steel information centre and industry database
  17. GVteD 2 december 2013 22:26
    ArcelorMittal, ThyssenKrupp Steel USA, LLC - M&A Call
    Dec 2 2013, 15:10 | about: MT

    Good afternoon, everybody. This is Daniel Fairclough from ArcelorMittal Investor Relations. Thank you very much for joining us today on this call, which was drawn at quite a short notice. And we will have a presentation from Mr. Mittal. Then, we will have a Q&A session. So without further ado, I will hand over to Mr. Mittal.
    Lakshmi Niwas Mittal - Chairman, Chief Executive Officer, President, Managing Director of Operations and Member of Group Management Board
    Thank you. Good day, everyone, and thank you for joining us on this call at such a short notice. This is a very important announcement for ArcelorMittal. Over the weekend, we, together with our partner, Nippon Steel & Sumitomo Metal, announced the acquisition of ThyssenKrupp Calvert facility in the U.S. This is a strategic acquisition for ArcelorMittal, demonstrating our industry leadership and continued ability to capture value-enhancing opportunities. We have prepared a few slides, which Aditya and myself will walk through to help you understand the strategic and investment rationale for this acquisition and its financial impacts.

    So firstly, an overview of the transaction. ArcelorMittal and our partner, Nippon Steel & Sumitomo Metal Corporation, have agreed to acquire 100% of TK USA, which is ThyssenKrupp's U.S.A. business. The agreed price is $1.55 billion on a debt free and cash free basis and inclusive of working capital.

    This acquisition will drive a significant expansion of our franchise business in the growing metal automotive steel market. It also expands our presence in other reported markets, including high-quality steel for the energy sector. As part of the agreement with TK, the joint venture will offtake 2 million tonnes of slab from TK CSA at a market-based price.

    In addition to the level return on our equity investment, ArcelorMittal have identified synergies amounting to $60 million annually to our supplying the remaining slab required by the joint venture. This is a great opportunity, and we have structured a deal that allows ArcelorMittal to capture the value without any significant impact on our consolidated net debt. This was important, as we remain committed to our medium-term financial targets.

    Now turning to the strategic and investment logic behind this transaction on Slide 2. The investment logic is clear. ArcelorMittal is one of the leading steel suppliers to NAFTA automotive, and this expands and develops our position to supply this demanding market. The automotive market has recovered strongly postcrisis. According to the LMC Automotive forecast, NAFTA auto sales are expected to grow by a further 15% over the next decade. This growth is really coming from Southern U.S. and Mexico for this new facility in Alabama is ideally located to service this group. Calvert has state-of-the-art hot-strip mill, which is ideally suited to the production of advanced high-strength steels, which we have been developing as solutions for automotive.

    Additionally, this acquisition will significantly enhance ArcelorMittal's position to supply steel to the growing NAFTA energy market. Increasingly, the pipe makers are demanding high-strength coils with outstanding surface properties, exactly what Calvert is designed and able to produce. Calvert is perfectly located to serve this growing market in the Gulf Coast region.

    Now I will hand it over to Aditya, who will walk you through the specific details of this transaction.
    Aditya Mittal - Chief Financial Officer, Principal Accounting Officer and Member of Group Management Board
    Okay, thank you. Good afternoon, and good morning to everyone. You can see on Slide 3 of the presentation the overview of the JV structure. It is a 50-50 JV with Nippon Steel & Sumitomo Metal, modeled on our existing I/N Tek partnership in the U.S. We will have joint management of the JV, with both partners having equal representation on the JV's management committee
  19. [verwijderd] 2 december 2013 22:57
    PITTSBURGH (AFN) - De Amerikaanse vakbond United Steelworkers (USW) steunt ,,in algemene zin'' de verkoop van de Amerikaanse fabriek van ThyssenKrupp aan ArcelorMittal en Nippon Steel and Sumitomo Metal Corp. Wel stelde de bond maandag zich enige zorgen te maken over de toekomstige werkgelegenheid van 13.000 USW-leden verspreid over de VS en Canada.
    Een van de grote pluspunten van de transactie is volgens USW dat het aanbod van ,,oneerlijk verhandelde goederen uit het buitenland'' er door wordt teruggedrongen. De vakbond gaat door met een eigen onderzoek naar de gevolgen van de deal.
  20. forum rang 10 voda 3 december 2013 16:25
    ThyssenKrupp rondt aandelenemissie af

    Gepubliceerd op 3 dec 2013 om 13:46 | Views: 1.101

    ThyssenKrupp 16:08
    EUR 17,28-0,28(-1,59%)

    ArcelorMittal 16:08
    EUR 12,55-0,30(-2,33%)

    ESSEN (AFN/BLOOMBERG) - Staalconcern ThyssenKrupp heeft ruim 882 miljoen euro opgehaald met de aandelenemissie die het afgelopen weekeinde aankondigde. Het Duitse bedrijf plaatste 51,4 miljoen aandelen bij institutionele beleggers voor 17,15 euro per stuk, zo meldde het dinsdag.

    Met de opbrengst van de emissie, die leidt tot een verwatering van het aandelenkapitaal met circa 10 procent, wil ThyssenKrupp zijn schuld verlagen en de balans versterken. Het staalconcern kampte de laatste jaren met een dalende vraag naar staal als gevolg van de slechte economische omstandigheden.
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