ArcelorMittal LU1598757687

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1. voda 25 juni 2013 16:50

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   Spot iron ore seen under pressure on China worries
   
   Reuters reported that spot iron ore prices are likely to retreat this week with Chinese mills holding off on restocking amid concerns over a cash squeeze in the world's top market which is already reeling from slower steel demand.
   
   Shanghai steel futures fell tracking losses in Chinese equities following official news reports over the weekend that suggested Beijing will not change its tightening policy.
   
   China's central bank said that the overall liquidity in the financial system is at a reasonable level after interest rates for short term funds spiked to extraordinary levels last week as big commercial banks held back on lending in the interbank market.
   
   An iron ore trader in Hong Kong said that a liquidity squeeze may prompt steel mills to rush to sell their inventory of steel products, resulting in lower prices that will hurt their profitability or widen their losses. It will make mills very reluctant to buy more iron ore and we could see steel production cuts in July. These are tough times.
   
   According to data provider Steel Index, iron ore with 62% iron content the industry benchmark, fell 1.7% to USD 118.60 per tonne from Thursday's USD 120.60 its highest level since May 27.
   
   Traders said that bids were scarce on Monday on trading platforms GlobalOre and the China Beijing International Mining Exchange despite plenty of cargoes on offer. The recent rally in iron ore prices looks fragile.
   
   Source - Reuters
   
2. [verwijderd] 25 juni 2013 22:27

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   Share on emailEmailShare on printPrint
   Don't Miss These 3 Companies With High Earnings-Per-Share Forecasts
   By Madhu Dube - June 24, 2013 | Tickers: MT, BMRN, LNKD | 0 Comments
   
   Share on emailEmailShare on printPrintMadhu is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
   
   Earnings per share, or EPS, is an important metric for investors performs a lot of functions: It helps suggest potential profits on individual shares in a company. Moreover, it also shows the performance of a company in a given timeframe, and annual EPS growth suggests the cash generation capacity of a company.
   
   Here are three companies with annual EPS growth forecast above 25% for five years – but they'll only perform at their forecasted levels if their fundamentals are ultimately sound.
   
   Company
   5 year annual EPS growth rate
   
   LinkedIn (NYSE: LNKD)
   58.43%
   
   BioMarin (NASDAQ: BMRN)
   33.82%
   
   ArcelorMittal (NYSE: MT)
   32.39%
   
   
   Increasing segmental growth
   
   In the first quarter of 2013, LinkedIn’s revenue surged to $324.7 million, a growth of 72% year-over-year. The company expects revenue of around $1.44 billion by the end of this year, which was $972.3 million in the previous year. Revenue from its recruiting segment increased by 80%, to $184 million in the first quarter of 2013, and there is an increasing trend of job postings on LinkedIn by corporations.
   
   In the previous year, 1.73 million jobs were posted on LinkedIn, but it is estimated that 2.6 million jobs will be posted in the current year. Looking at the growth opportunity in the recruiting segment, and the current growth in job postings, the company appears to be on track to reach its revenue target for the current year.
   
   There are more than 225 million registered users of LinkedIn. Total revenue from premium account holders rose to $65.6 million in the first quarter of 2013, up by 73%, year-over-year. Subscription plans for the premium account range from $9.95 to $99.95 per month. To increase premium subscriptions, LinkedIn also added various features for its users like "Who’s viewed your profile", "Rich media", and a few others. LinkedIn’s projected growth is around 60% for this segment. Also, premium subscription penetration was around 0.45% in the previous year and is expected to grow to 0.56% this year. This will help the company to achieve its projected revenue growth for the current year.
   
   New drugs pipeline
   
   BioMarin develops, manufactures, and commercializes drugs for rare diseases. The company’s new product pipeline is impressive, as its new drug "Vimzim" recently showed a positive result in Phase 3 trials. Vimzim is used in the treatment of patients suffering from Morquio's syndrome, a rare, inherited metabolic disease that causes abnormal development of bones, a large head, short trunk, or widely spaced teeth. The company applied for its Biologics License Application to the FDA in March 2013, and the European Committee for Medicinal Products for Human Use is also expected to give it a stamp of approval before the first quarter of next year. Vimzim is expected to launch by April 2014. Once it gets approval, revenue from Vimzim will likely be around $600 million annually.
   
   BioMarin’s PARP inhibitor program showed positive signs in the treatment of patients suffering from breast cancer and ovarian cancer. The clinical name of this drug is BMN-673, and data from Phase 1 and Phase 2 trials show a response rate of 44% (response rates refer to successful patient treatments.) BioMarin is now planning for a Phase 3 test of this drug, with a projected completion date of 2015. The company will test this drug on 3,000 patients in the U.S., and will file for FDA approval in 2016. The expected revenue from this drug will be around $600 million annually once it hits the market.
   
   Future looks brighter
   
   ArcelorMittal's revenue fell to $19.75 billion in the first quarter of 2013, a 13% year-over-year decline. However, it is expecting that the current year's global consumption of steel will exceed last year by 3%. The uptick in consumption this year will largely be driven by increased demand in Brazil, where it will grow by 3%-4%, and China, where it will grow 3.5%-4.5%, year-over-year. Steel industry earnings have been depressed due to the slowdown in the European economy, and the lower growth rate in the Chinese economy in the previous year. However, demand for steel is expected to increase in China, as a result of that country's substantive infrastructural development. ArcelorMittal targeted an EBITDA for the current fiscal year of $7.1 billion.
   
   ArcelorMittal is expanding its business units in different regions of the world. Recently, it announced expansion of its steel production capacity in Brazil for around $165 million, which had been previously abandoned. Moreover, ArcelorMittal will invest in mining operations in Port Buchanan, Liberia, to enhance production capacity of iron ore by 15 million tons per year by 2015. The company estimates the increase in iron ore output will increase to 84 million tons in 2015, from 56 million tons in 2012. This increase in production capacity will help the company to foster growth in iron ore shipments.
   
   In the current year, ArcelorMittal is also expecting a 2% increase in steel shipments and a 20% increase in iron ore shipments, year-over-year. In the first quarter of 2013, the average price of iron-ore remained at $135 per ton, which was above the expectation of $130 per ton, providing a solid upside for future growth.
   Conclusion:
   
   LinkedIn will benefit from its recruitment segment and the trending increase in premium account users will give upside to the company's revenue in the current fiscal year. BioMarin's new product pipeline is impressive, as its trial tests show positive output. Approvals from drug authorities will enhance the company's revenue in upcoming years. Although ArcelorMittal's revenue declined in the first quarter of 2013, its outlook is positive for the rest of the year. The increasing demand for steel and iron ore will give upside to the company's revenue.
   
   All three stocks are a "buy."
   
   
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3. [verwijderd] 26 juni 2013 08:57

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   25/06/2013
   
   
   
   ArcelorMittal unveils new ultra lightweight car door solutions offering up to 34 percent weight savings over existing steel car doors
   
   ArcelorMittal, the world’s largest steel and mining company, today unveiled its new, innovative ultra lightweight car door solutions. Using steels and technology currently available, ArcelorMittal’s global research and development (R&D) automotive team has demonstrated that a 27 percent weight and cost saving can be achieved without compromising safety and structural requirements. By looking ahead to new advanced high strength steels and technology that will come to market over the next few years, the team has identified additional solutions that will deliver even greater weight savings – up to 34 percent compared to existing steel car door solutions.
   
   
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4. [verwijderd] 26 juni 2013 14:19

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   AMSTERDAM (Dow Jones)--Liberum heeft het koersdoel voor ArcelorMittal (MT.AE) verlaagd naar EUR9 van EUR10 op basis van een lagere verwachting voor de winstgevendheid en kasstromen op de korte termijn. Liberum denkt dat de winst in de tweede helft van het jaar eerst zal dalen voordat er verbetering optreedt. Op basis van zwakke staalprijzen stellen de analisten hun EBITDA verwachtingen voor 2013 naar beneden bij met 15% tot $6,1 miljard en voor 2014 met 15% tot $7,1 miljard. "We verwachten dat het winstmomentum in het derde kwartaal zal afnemen door zwakke ijzerertsprijzen en een vertraging van de binnenlandse vraag naar staal in China die weegt op de staalprijzen, maar zien mogelijkheden voor een opwaardering indien het herstel in de Verenigde Staten duurzaam blijkt te zijn", stellen de analisten. Het advies is buy. Omstreeks 10.30 uur noteert het aandeel 1,3% hoger op EUR8,72, terwijl de AEX met 1,3% stijgt. (LDF)
   
5. [verwijderd] 1 juli 2013 17:52

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   ArcelorMittal krijgt $310 mln aan biedingen binnen obligatie-terugkoopprogramma
   Maandag 1 juli 2013 16:57
   AMSTERDAM (Dow Jones)--ArcelorMittal (MT.AE) heeft voor een bedrag van ruim $310 miljoen aan biedingen ontvangen binnen een plan waarbij 's werelds grootste staalmaker meer dan $1 miljard aan schuldpapieren terug wil kopen. Dit wil het bedrijf doen om zo een gedeelte van de leningen, die in 2014 aflopen, vroegtijdig af te lossen.
   ArcelorMittal meldt maandag in een update dat er inmiddels voor $310.683.000 miljoen aan obligaties is aangeboden onder het tenderbod. Het gaat om obligaties die 15 april 2014 aflopen en een jaarlijkse coupon van 6,50% hebben. In totaal wil de staalmaker voor EUR500 miljoen van deze obligaties terugkopen, zo werd op 17 juni aangekondigd.
   Voor iedere obligatie van $1.000 die aangeboden zou worden voor de deadline van 28 juni, bood ArcelorMittal $1.038,75.
   Voor biedingen die na afloop van de deadline binnenkomen, wordt het bod met $50 verlaagd. De deadline ligt op 15 juli 2013 23.59 uur Amerikaanse tijd.
   ArcelorMittal is ook van plan om voor EUR500 miljoen aan obligaties terug te kopen die aflossen op 7 november 2014, met een coupon van 4,625%. Hier biedt het bedrijf EUR1.045,75 voor iedere EUR1.000, maar geldt er geen deadline.
   Met het terugkopen van obligaties wil ArcelorMittal een gedeelte, of alles, van de schuldpapieren aflossen voordat ze aflopen.
   Eerder dit jaar haalde de in Luxemburg gevestigde onderneming $4,3 miljard op met de uitgifte van aandelen om zo zijn schulden terug te brengen. Deze waren al eerder afgewaardeerd tot junk status.
   ArcelorMittal hoopt de schulden tegen het einde van dit kwartaal te hebben teruggebracht tot $17 miljard, van $21,8 miljard eind december.
   
   -------------
   
   Kan iemand mij dit uitleggen wat hier staat, in Glove-termen (normale taal).
6. s.lin 17 juli 2013 20:08

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   Arcelor schrapt staalproject India
   wo 17 jul 2013, 15:42
   AMSTERDAM (AFN) - Staalconcern ArcelorMittal schrapt het Odisha-project in India, waarmee het op jaarbasis 12 miljoen ton staal wilde produceren. Dat meldde de onderneming woensdag.
   
   Volgens het bedrijf had het project significant veel last van ,,externe vertragingen''. ArcelorMittal was niet in staat om de noodzakelijke stukken land en mijnen te verwerven. Het stopzetten van Odisha heeft geen gevolgen voor de twee andere projecten in India, Jharkhand en Karnataka.
   
   ArcelorMittal kondigde ook aan een nieuw plan te hebben gestuurd naar de vakbonden in Luik. Het bedrijf roept de bonden op het nieuwe plan waarin de locatie niet gesloten wordt maar deels stilgelegd, te accepteren. Dat wil zeggen dat de locatie Flemalle niet gesloten zal worden, zoals in januari nog werd voorzien. Ook andere productielijnen worden niet ontmanteld, maar ,,in de mottenballen'' gezet.
   
   ArcelorMittal investeert verder 138 miljoen euro in Luik.
   
   DFT.nl
7. max21 18 juli 2013 17:04

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   www.arcelormittal.com/corp/news-and-m...
8. max21 18 juli 2013 17:11

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   Paris, 18 July 2013
   ArcelorMittal has been selected by the STX France shipyard in St Nazaire to supply 100% of the steel for the hull and 20 bridges in the world’s biggest cruise ship.
   The world’s leading steel and mining company has signed a contract to supply more than 40,000 tonnes of plates and coils from its European sites.
   Coils produced at Fos-sur-Mer in France will be processed into sheets by ArcelorMittal’s St Nazaire Distribution Solutions unit, which will then deliver them to STX France.
   The plates are being produced by ArcelorMittal Gijon in Spain and shipped to St Nazaire.
   Deliveries will start in September 2013, when construction of the hull will begin.
   Hervé Bourrier, CEO, ArcelorMittal France said: "This contract demonstrates our ability to deliver high quality steels and tailored services from our European industrial and sales units, and confirms our long-term presence as a steel supplier to the cruise ship market, one that has seen consistent growth over the last five years."
   The ship, which will have around 2,700 cabins, will be delivered in 2016 to the Royal Caribbean Cruise Line (RCCL).
   The vessel is one of RCCL’s ‘Oasis-class’ cruise liners, the world’s largest and longest passenger ships. Passengers can enjoy themed areas, with a ‘Central Park’ and ‘Boardwalk’ – two outdoor areas – running down the middle of the ship.
9. diederique 18 juli 2013 23:18

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   Cong, BJP attack Naveen for ArcelorMittal's withdrawal
   
   www.moneycontrol.com/news/business/co...
10. diederique 20 juli 2013 00:14

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    Commerzbank belässt ArcelorMittal auf 'Hold' - Ziel 11 Euro
    
    Die Commerzbank hat die Einstufung für ArcelorMittal auf "Hold" mit einem Kursziel von 11 Euro belassen. Berichten eines Branchendienstes zufolge solle der Stahlkonzern die Listenpreise für Stahl zur Lieferung im September um 20 Euro je Tonne angehoben haben, schrieb Analyst Ingo-Martin Schachel in einer Studie vom Freitag. Vor dem Hintergrund niedriger Lagerbestände und ähnlicher Preisanstiege in anderen Regionen glaube er, dass die Preissteigerungen Bestand haben könnten.
    
    .....Der Experte erwartet von Arcelor ein solides zweites Quartal........
    
    www.finanznachrichten.de/nachrichten-...
11. [verwijderd] 21 juli 2013 00:49

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    Vertaling? Mijn Duits is niet al te best...
12. rene l 21 juli 2013 11:55

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    quote:

    zapato schreef op 21 juli 2013 00:49:

    Vertaling? Mijn Duits is niet al te best...
    

    Commerzbank zet Mittal op houden, doel 11 euro.
    
    Commerzbank heeft de waardering voor Mittal op houden gezet met een koersdoel van 11 euro.
    Volgens berichten van een brancheorganisatie zal het staalbedrijf de prijzen voor staal levering september rond de 20 euro per ton houden, schreef analist I-MS afgelopen vrijdag in een rapport.
    Aan de basis hiervoor liggen de lagere voorraden en vergelijkbare prijsstijgingen in andere regionen, hij gelooft dat de prijsstijgingen stand kunnen houden.
    
    ...De expert verwacht voor Mittal een solide 2e kwartaal...
13. [verwijderd] 21 juli 2013 15:41

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    quote:

    rene l schreef op 21 juli 2013 11:55:

    [...]
    
    Commerzbank zet Mittal op houden, doel 11 euro.
    
    Commerzbank heeft de waardering voor Mittal op houden gezet met een koersdoel van 11 euro.
    Volgens berichten van een brancheorganisatie zal het staalbedrijf de prijzen voor staal levering september rond de 20 euro per ton houden, schreef analist I-MS afgelopen vrijdag in een rapport.
    Aan de basis hiervoor liggen de lagere voorraden en vergelijkbare prijsstijgingen in andere regionen, hij gelooft dat de prijsstijgingen stand kunnen houden.
    
    ...De expert verwacht voor Mittal een solide 2e kwartaal...
    

    Rene 1 dank! Volgens mij betekent "angehoben" : verhogen. Dat maakt ook het bericht een stuk positiever volgens mij. Er staat volgens mij: ".....zal het staalbedrijf de prijzen voor staal levering verhogen naar rond de 20 euro per ton......"
    
    Dat betekent dus stijgende staalprijzen in het vooruitzicht!!
    
    Kijk dat zou een mooi bericht zijn wanneer deze vertaling klopt!
14. mvliex 1 22 juli 2013 11:22

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    Staalproductie gestegen in juni
    
    Gepubliceerd op 22 jul 2013 om 10:54
    BRUSSEL (AFN) - De wereldwijde staalproductie is in juni op jaarbasis met 1,9 procent gestegen tot 132 miljoen ton. Dat meldde de branchevereniging World Steel Association maandag. Ten opzichte van mei was er sprake van een daling. Toen was er op jaarbasis nog sprake van een stijging met 2,6 procent.
    
    De Chinese staalproductie klom met 4,7 procent tot 64,7 miljoen ton en in Japan nam die met 0,9 procent toe tot 9,3 miljoen ton. In Duitsland, de grootste staalfabrikant van Europa, zakte de productie met 2,2 procent tot 3,7 miljoen ton. In Frankrijk ging de productie was omhoog, met 2,8 procent. In de Verenigde Staten daalde de staalproductie ten opzichte van een jaar geleden met 0,2 procent.
    
    De bezettingsgraad kwam in juni uit op 79,2 procent, tegen 79,6 procent in mei.
    
15. s.lin 23 juli 2013 21:38

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    Geen vooruitgang rond industrieel plan ArcelorMittal Luik
    23/07/13, 21u04
    De directie van ArcelorMittal Luik, de vakbonden en vertegenwoordigers van de Waalse regering hebben vandaag samengezeten over het industrieel plan voor de sluiting van diverse sites in Luik. De vakbonden hebben alternatieven voorgesteld, maar de directie blijft vasthouden aan de laatste versie van het industrieel plan die ze enkele weken geleden voorgesteld had. .
    
    "De directie blijft vasthouden aan de posities die ze recentelijk bekendgemaakt heeft", aldus David Camerini van de christelijke vakbond. "Er is vooruitgang ten opzichte van het industrieel plan dat op 24 januari aangekondigd werd. Maar het is niet voldoende, het is nooit voldoende. De onderhandelingen over het sociaal luik zullen extreem belangrijk zijn."
    
    De werknemers zullen in de komende uren op de hoogte gebracht worden over de inhoud van de vergadering.
    
    Bron: Belga
16. voda 25 juli 2013 16:47

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    Chinese steelmakers raise prices on economic growth optimism
    
    Bloomberg reported that Chinese steelmakers including Hebei Iron & Steel Group and Jiangsu Shagang Group Co joined their Japanese peers in raising prices after Premier Li Keqiang signaled China may support economic growth.
    
    According to its website, Shagang, the nation’s biggest non state owned mill, raised steel wire prices on July 21 by as much as CNY 100 (USD 16) a metric tonne. It was the Zhangjiagang, Jiangsu province based steelmaker’s second increase this month. Hebei Steel, China’s biggest producer, raised some steel sheet prices by as much as CNY 100 for August delivery after cutting them a month earlier.
    
    China, the world’s largest producer and consumer of steel, will seek to keep economic growth, employment and inflation within limits, avoiding “wide fluctuations,” Li said July 16. He said at a recent meeting with economists 7% is the “bottom line” and the nation can’t allow growth to fall below that, the Beijing News reported.
    
    Source - Bloomberg
    
    
17. voda 25 juli 2013 16:51

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    Iron Ore Market Information
    
    Iron ore is one of the biggest dry bulk commodities traded with estimated seaborne trade of more than 1 billion tonne every year.
    
    The financial tsunami in 2008 end delivered a death blow to age old annual benchmark pricing system. In the last 5 years the iron ore price mechanism has further changed from quarterly mostly to TSI/Platts index based spot system. Leveraging the volatility in iron ore prices, financial institutes have successfully created SWAPS to manage price risk and exposure.
    
    On the supply side also, some prominent sources like India have dried up while new sources like Iran, Venezuela, CIS etc have opened up for global trade
    
    With China being the largest consumer of seaborne traded iron ore, the global iron ore prices have a direct influence on health of steel sector in China. On the other hand, with almost 48% of global crude steel production and consumption, the steel prices in China have a direct bearing on steel prices in most of the steel consuming regions
    
    After downtrend during March to early June, iron ore prices have been recovering and are hovering a shade more than USD 130 CFR mark.
    
    In brief, the iron ore price monitoring parameters and mechanism has also undergone sea change. The new Iron Ore Market Information service provides you input on almost all the pricing points
    
    www.steelprices-india.com
18. voda 25 juli 2013 16:52

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    Eurofer report on emerging regions in Q2
    
    After the deceleration of GDP growth in China to 7.7% in Q1 2013, growth slowed further to 7.5% in Q2, reflecting that the economy is rebalancing from being export and investment driven to becoming more domestic demand driven.
    
    The manufacturing PMI fell to 48.3 in June, signaling weakening domestic and export order intakes. Also retail sales posted only moderate growth. The government is faced with the arduous task of easing monetary policies in support of the general economy without compounding credit market problems.
    
    This implies that growth in H2 2013 will remain moderate, with GDP rising by only 7% this year. The government’s goal of reducing China’s dependency on credit and investment will keep GDP growth at around 7.5% in 2014.
    
    In India high inflation in combination with high fiscal and current account deficits limit the authorities in stimulating the economy which is in a severe slowdown since 2012.
    
    Government reforms in certain sectors should stimulate investment. GDP could rise 5.5% in 2013 and strengthen to around 6.5% in 2014.
    
    In Brazil, Q1 2013 GDP growth remained below expectations at 0.6% QoQ. High inflation will require further monetary tightening. Investment in the run up to the elections later this year and the FIFA World Cup tournament in 2014 will support GDP growth, which is seen accelerating to almost 4% in 2014.
    
    In Russia, growth momentum was weak in Q1 2013; industrial production slowed significantly. Negative carry over effects of slow growth late 2012 early 2013, subdued exports and weaker than anticipated investment demand as bearish business sentiment will keep GDP growth limited to 2.5% in 2013 and 3.5% in 2014
    
    Source - Strategic Research Institute
    
19. voda 25 juli 2013 16:53

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    AK Steel announce Q2 2013 financial results
    
    AK Steel reported a net loss of USD 40.4 million, or USD 0.30 per diluted share of common stock, for the second quarter ended June 30th 2013, compared to a net loss of USD 724.2 million, or USD 6.55 per diluted share, for the Q2 of 2012.
    
    The results for the Q2 of 2012 included a non cash income tax charge of USD 735.6 million, or USD 6.65 per diluted share, as a result of a change in a deferred tax asset valuation allowance.
    
    The company reported adjusted EBITDA of USD 47.5 million or USD 36 per ton, for the second quarter of 2013 compared to adjusted EBITDA of USD 88.3 million, or USD 66 per tonne, for the year ago Q2 and adjusted EBITDA of USD 66.8 million, or USD 52 per tonne, for the Q1 of 2013.
    
    Net sales for the Q2 of 2013 were USD 1,404.5 million on shipments of 1,323,700 tonne, compared to net sales of USD 1,538.4 million on shipments of 1,335,800 tonne for the year ago Q2 and net sales of USD 1,369.8 million on shipments of 1,289,800 tonne for the Q1 of 2013. The lower shipments for the second quarter of 2013 compared to the year ago period were primarily due to lower shipments to the carbon spot market and electrical steel market, partially offset by increased shipments to the automotive market.
    
    The unplanned outage of the Middletown Works blast furnace also contributed to a decline in shipments in the Q2 of 2013. The higher shipments in the Q2 of 2013 compared to the Q1 of 2013 were primarily due to higher shipments to the automotive market, partially offset by lower shipments to the carbon spot market.
    
    The company said that its average selling price for the Q2 of 2013 was USD 1,061 per tonne an 8% decrease from the Q2 of 2012 and flat with the Q1 of 2013. The average selling price for the Q2 of 2013 improved over the Q1 of the year as a result of the favorable mix of shipments, but was offset by lower spot market prices for carbon steel products. The lower average selling price for the Q1 of 2013 compared to the Q2 of 2012 was primarily due to lower spot market prices for carbon steel products, reduced raw material surcharges and lower selling prices for electrical steel products globally.
    
    6 month results
    For the first six months of 2013, the company reported a net loss of USD 50.3 million, or USD 0.37 per diluted share. For the corresponding six months of 2012, the company reported a net loss of USD 736.0 million, or USD 6.66 per diluted share. The results for the first six months of 2012 include a non cash income tax charge of USD 735.6 million or USD 6.66 per diluted share, as a result of a change in a deferred tax asset valuation allowance in the Q2.
    
    Sales for the first six months of 2013 were USD 2,774.3 million compared to USD 3,047.1 million in the first half of 2012. Shipments for the first half of 2013 were 2,613,500 tons compared to 2,661,700 tons in the first half of 2012. The company recorded expenses of USD 22.6 million during the first six months of 2013 for planned outages, compared to expenses of USD 1.6 million during the first six months of 2012.
    
    Middletown Works Unplanned Blast Furnace Outage
    As previously announced, the company's blast furnace at its Middletown (OH) Works experienced an unexpected mechanical failure in the charging apparatus internal to the furnace on June 22nd 2013. The company executed its contingency plan and the blast furnace was taken off-line to prevent any damage to the furnace and to position it for start-up once the repairs were completed.
    
    Source - Strategic Research Institute
    
    
20. voda 26 juli 2013 16:16

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    ArcelorMittal automotive joint venture VAMA unveils brand in China
    
    Valin ArcelorMittal Automotive Steel Co Ltd the joint venture between ArcelorMittal and Valin Steel, officially unveiled its brand in Loudi, China.
    
    Mr Wang Jun chairman of VAMA and Mr Sanjay Sharma CEO of VAMA, attended the ceremony and presented VAMA’s brand strategy. The VAMA brand, symbolised by its new logo, represents the unity between the company’s diverse cultural backgrounds and promises a commitment to reliability and innovation. This reflects VAMA’s core values of putting the customer first, offering a high quality of service, being people centric, having a high level of corporate governance, being socially responsible, and having efficient supply chain management.
    
    The distinctive VAMA logo brings together the characteristics of both Valin, with its Phoenix icon, and ArcelorMittal, with its bold and distinctive orange corporate colour.
    
    As the leading project in Hunan Province’s new industrialisation process and one of the major automotive steel projects in China, VAMA was formed in June 2008 and approved by China’s National Development and Reform Commission in June 2010. VAMA began its accelerated construction plan in June 2012, with operations expected to begin in mid-2014.
    
    VAMA will produce state of the art automotive steels for safe and cost-efficient lightweight design, superior surface quality and coating technology. ArcelorMittal is supporting the project with its advanced technology and providing production know-how to both Valin Lianyuan Steel and VAMA, to ensure a seamless production flow along the entire supply chain.
    
    VAMA’s product portfolio will include technologically advanced products developed by ArcelorMittal such as Advanced and Ultra High Strength Steel grades of up to 1200 MPa and Usibor®1500P, specifically designed for the growing application in hot stamping. VAMA’s world-class product lines will include a continuous pickling and cold rolling mill with an annual production capacity of 1.5 million tonnes, followed by a continuous mixed annealing line with a capacity of 1 million tonnes, and a continuous hot dip galvanising line with a capacity of 0.5 million tonnes.
    
    Output will be China-focused, with the aim of developing a world class local supply to serve the growing local market. VAMA is also aiming to supply international carmakers and Tier 1 auto makers, to promote high-end solutions to domestic car manufacturers and their suppliers’ networks. VAMA aims to foster partnerships with ArcelorMittal’s major global accounts present in China (such as Volkswagen, GM, Ford, PSA, Daimler-Benz, BMW, Toyota, Honda, Renault, Fiat and Nissan) as well as with large domestic manufacturers such as Geely, Chery, Dongfeng, Guangzhou Auto, Shanghai Auto and Changan.
    
    Mr Wang Jun chairman of VAMA said that “VAMA is committed to leading the development of China’s automotive steel industry in close partnership with automotive manufacturers, while providing safer and more eco-friendly advanced automotive steel, which also meets the sustainable development requirements of China’s automotive industry. Meanwhile, we are proud that we have an experienced and effective international team from many different countries working closely with our local team, which enables VAMA to be more inclusive of different cultures and maintain a unique international perspective of the market.”
    
    Mr Brian Aranha CMO of ArcelorMittal automotive worldwide said that “ArcelorMittal is the leading supplier of flat carbon steels to the global automotive market, including advanced and ultra high strength steels: trademarked and patented products such as Extragal® and Usibor®. VAMA represents the introduction of ArcelorMittal automotive technology in China. VAMA is the result of a strong partnership with Valin Steel. Both partners are committed to ensuring the success of VAMA with competitive technology, global R&D support, management know-how, a strong brand and customer focus.”
    
    Source - Strategic Research Institute