ArcelorMittal LU1598757687

Nieuws en info hier plaatsen (deel 4)

1. voda 20 november 2013 16:53

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   SteelAsia allots USD 270 million for 3 plants in Philippines
   
   SteelAsia Manufacturing Corp the Philippines’ biggest steel manufacturer, is investing USD 270 million to build three new plants in anticipation of an expanding demand for steel products.
   
   Assistant manager for industry affairs Mr Ronald Magsajo said that “The demand for steel will go up and we’re trying to prepare for that demand. It is growing faster than our economy. That’s why we’re also supporting the road map.”
   
   Once completed, the three new plants will bring SteelAsia’s capacity to 3.2 million metric tonnes a year from 1.2 million tonne. SteelAsia supplies nearly half of the country’s demand of 2.5 million tonne for steel bars.
   
   SteelAsia is building the first of the three plants capable of producing 400,000 tonne a year in Davao City, Davao del Sur. It is funding the construction of the plant partly from a USD 7 million loan extended by Standard Chartered Bank.
   
   It expects to commission the plant in 2014 to meet construction demand in the rehabilitation of areas struck by an earthquake and typhoons.
   
   A second plant capable of producing 800,000 tonne of steel products a year will rise in Bulacan by 2015, while the third of a similar capacity is expected to be commissioned in Cebu by 2016.
   
   Source - Manila Standard Today
   
2. Candelll 20 november 2013 21:35

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   Europe
   
   Deutsche Bahn strikes settlement deal with ThyssenKrupp
   
   Wednesday, 20 November 2013
   
   Ron Knox
   
   German rail titan Deutsche Bahn has struck a deal in its lawsuit against industrial company ThyssenKrupp that will see the former collect a reported nine figures in damages for the alleged harm caused by a rail track price-fixing conspiracy
   
3. [verwijderd] 20 november 2013 22:22

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   www.fool.com/investing/general/2013/1...
   
   These Companies are Raising Prices. Will Shares Follow?
   
   By Reuben Brewer | More Articles | Save For Later
   November 20, 2013 | Comments (0)
   
   Steel makers have announced price hikes across a broad selection of steel products. Only time will tell if the increases stick, but if they do it could spell the beginning of a market recovery for this beleaguered industry and key players like Nucor (NYSE: NUE ) , Steel Dynamics (NASDAQ: STLD ) , AK Steel (NYSE: AKS ) , and ArcelorMittal (NYSE: MT ) .
   
   More than one market
   Although steel is a pretty common substance, the steel industry sells multiple products made of the metal. And, right now, companies are hiking prices across a broad spectrum of offerings. For example, in the first week of November, Nucor and Steel Dynamics informed their customers that they would raise prices of merchant bar by $20 a short ton. That matched an earlier increase from a competitor.
   
   With broad steel industry support, such a hike may actually stick. And that isn't the only market seeing price increases. AK Steel recently announced plans to raise prices on flat rolled steel, also matching a competitor. ArcelorMittal, meanwhile, has announced price increases in its coil products. Clearly, the steel industry is, broadly speaking, looking to move prices higher, with support across both products and companies.
   
   That said, Nucor also put through a price hike in rebar that was half that of a recent increase by a competitor. So the industry consensus isn't universal. Although that can be seen as part of a healthy and functioning market, it also brings with it the concern that this round of price hikes won't stick. That would be problematic and could prolong the industry's pain.
   
   Costs
   Part of the problem that steel makers are facing is containing costs. Although prices for key inputs like iron ore and metallurgical coal have been relatively low, overall costs have been too high in an oversupplied market. That's led to cost cutting efforts such as closing plants. For example, early in the year ArcelorMittal announced plans to close six lines in Europe because of slack demand, a move that affected 1,300 employees.
   
   Closing facilities isn't the only way that companies have been working to control costs, however. ArcelorMittal has also been focusing on growing its met coal business so it can become more vertically integrated. And it isn't the only company looking to go down this road.
   
   For example, Nucor has partnered with a natural gas driller to ensure access to a cheap supply of natural gas for its mills. And AK Steel is opening its own met coal mine. Although the current low coal prices have led AK Steel to slow down its coal build out, management is clear to point out that the coal isn't going anywhere. When it makes sense to mine more coal, the company will do so.
   
   AK Steel is also working on an iron ore project using a magnetic system to pull iron ore out of mining scrap. Nucor, meanwhile, has its own scrap yard operations with some 70 locations. Although the steel mill has owned its David J. Joseph division since 2008, the efforts across the industry to keep costs in check are clearly focused on vertical integration.
   
   But not every cost saving effort works out as planned. AK Steel slowing its coal efforts is one example. Steel Dynamics noted in its third quarter earnings release that "at higher production rates, product yield has unexpectedly deteriorated" at an iron nugget plant is another. Although these are just two instances, they highlight the fact that you can only do so much on the cost side of the equation. Eventually prices have to be increased.
   
   Is now the time?
   So while major steel makers like ArcelorMittal, Nucore, AK Steel, and Steel Dynamics work diligently on the cost side of the equation, they are also pushing prices higher. If the widespread price hikes stick, the steel industry could be about to turn a corner. Although input costs are always important, right now it's the ability to raise prices that will likely make the bigger impact—making it a key issue to watch over the near term.
   
   You might not believe it, but one of these steel makers might help you retire rich
   
4. Candelll 21 november 2013 08:24

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   iets minder goed nieuws
   
   in.reuters.com/article/2013/11/21/mar...
5. [verwijderd] 21 november 2013 13:02

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   quote:

   candelll schreef op 21 november 2013 08:24:

   iets minder goed nieuws
   
   in.reuters.com/article/2013/11/21/mar...
   

   goed nieuws
   
   Als china minder staal uitvoert dan moet het van mittal komen in europa
6. voda 21 november 2013 16:46

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   SAIL plans to raise iron ore output to 43 million tonne
   
   PTI reported that in sync with the expansion of its steel-making capacity, state-owned SAIL plans to raise the iron ore production capacity to 43 million tonne per annum by 2015-16 from the existing 28 million tonne per annum.
   
   The country's largest steel maker, which is also the second-largest iron ore producer after NMDC, also believes that with the ongoing and proposed expansion at the mines, it would be able to achieve 58 million tonne per annum iron ore production by 2020.
   
   SAIL plans to raise production capacity of its Kiriburu mines to 5.5 million tonne per annum from 4.25 million tonne per annum now. Plans are also there to jack up production capacity at Meghataburu and Bolani mines to 6.5 million tonne per annum and 10 million tonne per annum from 4.3 million tonne per annum and 4.1 million tonne per annum respectively.
   
   The Steel Authority of India Ltd also plans to raise its Gua mine's production capacity to 10 million tonne per annum from 2.4 million tonne per annum now. It also proposes to raise capacity of its Barsua, Kalta and Taldih mines to 6.5 million tonne per annum from 3.3 million tonne per annum.
   
   The major boost in iron ore production might come from the Rowghat mine, where the company plans to produce 12 mtpa iron ore. SAIL has already received all statutory clearances for the mine to develop.
   
   Source - PTI
   
7. voda 21 november 2013 16:46

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   Global crude steel production in October up by 6.6% YoY
   
   World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 134 million tonnes in October 2013, an increase of 6.6% compared to October 2012.
   
   The crude steel capacity utilisation ratio for the 65 countries in October 2013 was 77.5% and it is 2.5 percentage points higher compared to October 2012. It is -1.8 percentage points lower than September 2013.
   
   Source - Strategic Research Institute
   
8. voda 21 november 2013 16:48

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   US Steel shipment continues to recover in October
   
   October shipments grew at virtually the same rates in the United States and Canada as in September. Inventory positions continued to improve across the board.
   
   US Service Center Activity
   US service center steel shipments in October 2013 increased by 8.0% from October 2012. Steel product inventories decreased 4.6% from October a year ago. At the current shipping rate, this represents a decrease of 11.6% from a year ago.
   
   US service center shipments of aluminum products in October increased by 8.7% from the same month in 2012. Inventories of aluminum products decreased 0.8% from October a year ago. At the current shipping rate, this represents a decrease of 8.7% from a year ago.
   
   Canadian Service Center Activity
   Canadian service centers shipments of steel products in October 2013 increased by 1.6% from October 2012. Steel product inventories decreased 24.6% from October a year ago. At the current shipping rate, this represents a decrease of 25.8% from a year.
   
   Canadian service center aluminum shipments in October increased 0.5% from the same month in 2012. Inventories of aluminum products decreased 12.8% from October a year ago. At the current shipping rate, this represents a decrease of 13.3% from a year ago.
   
   Source - Strategic Research Institute
   
9. voda 21 november 2013 16:49

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   ThyssenKrupp Steel Europe in Duisburg Bruckhausen
   
   After a modernization by SMS Siemag the 400-ton converter at ThyssenKrupp Steel Europe AG, has successfully produced the first heat at the Duisburg-Bruckhausen Works in September 2013.
   
   The new converter vessel is one of the largest of its kind worldwide. The design developed by SMS Siemag, Germany, has enabled the construction of a much larger converter vessel. With an unchanged quantity of material charged, of up to 400 tons, the internal volume of the converter has been increased by 24 percent. The additional volumetric capacity enables more environmentally-friendly process control and a more efficient energy recovery.
   
   SMS Siemag supplied the vessel, the trunnion ring, the patented lamella-type vessel suspension system of the latest generation, the vessel supporting bearings and the bearing supports.
   
   The dismantling of the existing converter platform for the installation of the plant components as well as the erection of a new platform has also been carried out by SMS Siemag. This solution makes it possible to retain the existing converter drive. The lamella system developed by SMS Siemag was first used in 1967. Since then, it has proven its usefulness on many converters.
   
   Since 1969, the two converters in the Oxygen Steelworks 1 have formed the basis for steel-making in Duisburg-Bruckhausen. The converter has now been revamped after 44 years of continuous operation, i.e. approx. 211,000 heats, corresponding to the production of around 80 million tons of steel.
   
   Source - Strategic Research Institute
   
10. voda 21 november 2013 16:49

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    China imported iron ore stockpiles rise
    
    Xinhua reported that stockpiles of iron ore at 25 major ports in China increased last week. Inventories of imported iron ore stood at 79.48 million metric tons at the end of the November 12 to November 18 period up 2.08 million tonnes or 2.68% from the previous week.
    
    The price index for iron ore imports with a 62% purity grade rose one point to 137. The index for iron ore imports with 58% purity also increased one point to 125. Iron ore trading volume was sluggish because most steelmakers were not active in buying ore and were maintaining a wait and see attitude.
    
    Supply and demand will remain at a stalemate and import prices of iron ore will fluctuate within a tight range in the near term.
    
    Source - Xinhua
    
    
11. voda 21 november 2013 16:50

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    Accuride Introduces Revolutionary Steel Armor Coating Technology
    
    Accuride Corporation announced the introduction of Steel Armor a ground breaking advance in coating technology for commercial vehicle steel wheels. This proprietary new three-phase coating process employs enhanced corrosion-fighting properties that extend steel wheel service life by up to two additional years, as compared to standard coatings currently in use in the industry.
    
    Mr Rick Dauch president and CEO of Accuride said that "The introduction of our revolutionary Steel Armor(TM) coating technology ups the ante for steel wheel corrosion protection in the commercial vehicle industry. Corrosion continues to be a multi-billion-dollar problem for fleet operations, and demands a solution. Steel Armor(TM) provides that solution for steel wheels. Its premium rust protection leap-frogs other wheel coatings with its ability to dramatically reduce fleet maintenance costs. We estimate that wheels protected by Steel Armor(TM) provide up to two additional years or more of service before wheels must be removed and refinished. This new coating advances the state of the art for steel wheels and represents the kind of value-driven technologies that we continue to pursue for our customers here at Accuride."
    
    Steel Armor(TM) steel wheel powder coating technology employs a proprietary protection process that improves the look and life of steel wheels.
    
    According to Mr Craig Kessler, vice president/engineering Steel Armor's sharp-edge protection means reduced corrosion on wheel edges, where rust tends to form first. These areas include flanges, hand holes, bolt holes and hub holes on stud and hub-piloted steel wheels. Steel Armor contains the growth of corrosion by blocking rust at the point of entry when gouges, chips, scrapes and scratches expose the metal. Other coatings won't stop rust from getting underneath paint and expanding across the wheel's metal surface.
    
    Source - Strategic Research Institute
    
12. voda 21 november 2013 16:51

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    ArcelorMittal and Nippon Steel in talks for ThyssenKrupp US plant - Report
    
    Reuters cited three people familiar with the matter as saying that Germany's ThyssenKrupp is in exclusive talks to sell its US steel processing plant to a consortium of ArcelorMittal and Nippon Steel
    
    Three people familiar with the matter said that "They are close to a solution. An agreement is possible in the next week or two.”
    
    ThyssenKrupp late on Tuesday said it was pushing back the publication of its annual financial results as talks to sell a steel plant in the United States entered the home stretch, without saying with whom it was negotiating.
    
    Source - Thomson Reuters
    
    
13. GVteD 21 november 2013 21:25

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    Thursday, 21 November 2013 | 20:40
    Rating agency Moody's has lifted its outlook for the European steel sector to stable, pointing to expectations of slight growth in the euro zone economy and improvements in car sales and the building materials industry going into next year.
    
    Moody's has had a negative outlook on the industry since October 2011, but now forecasts potential economic growth for the euro zone next year of 0.5 to 1.5 percent and estimates apparent steel use could climb as much as 2 percent on the back of that, after an expected overall decline this year.
    
    Weak demand in Europe has weighed on the sector's biggest producers, including ArcelorMittal, ThyssenKrupp and Tata Steel's business in the region.
    
    "Despite the fragility in the euro area economy recovering, we are seeing the European steel industry starting to benefit from the slight improvement," says Denis Perevezentsev, senior analyst in Moody's corporate finance group.
    
    Capacity utilisation, a major issue for the oversupplied steel industry, will remain at current levels into 2014 - estimated by Moody's at 75 to 77 percent - lower than the global average but unlikely to increase, given Europe's struggle to cut capacity at a time of economic weakness.
    
    Moody's said it would change the European steel industry sector outlook to positive if capacity utilisation rose above 85 percent and the European (purchasing managing index) PMI remained above 55 "for several quarters".
    
    Major producers such as ArcelorMittal, the world's No. 1 steelmaker, have in recent weeks said they believe steel prices had passed the low point of the economic cycle.
    
    But steelmakers have varied in their view of how quickly the industry will recover. Tata reported an improved performance in Europe in its most recent quarter, but warned challenges remain.
    Source: Reuters
    
    Zijn wij het dieptepunt voorbij???Ik zeg jawel.
14. Candelll 22 november 2013 13:02

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    RESEARCH ALERT-United States Steel: Wells Fargo cuts to underperform
    Fri Nov 22, 2013 6:02am EST
    
    
    Nov 22 (Reuters) -: * United States Steel Corp : Wells Fargo cuts to underperform from market
    
    perform * Nucor Corp : Wells Fargo cuts to market perform from outperform
    
15. voda 22 november 2013 15:03

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    'Aperam verhoogt bod op Terni'
    
    Gepubliceerd op 22 nov 2013 om 09:56 | Views: 2.185
    
    Aperam 14:45
    EUR 13,04-0,20(-1,47%)
    
    LONDEN (AFN) - Een consortium geleid door roestvrijstaalbedrijf Aperam heeft het bod op de Italiaanse fabriek Terni van de Finse concurrent Outokumpu verhoogd. Dat meldden bronnen rond de zaak.
    
    In het consortium zitten ook de Italiaanse staalbedrijven Arvedi en Marcegaglia. Outokumpu moet Terni verkopen als voorwaarde voor goedkeuring voor de overname van het roestvrijstaalonderdeel Inoxum van ThyssenKrupp. Ook andere partijen zoals het Taiwanese Yieh United Steel en de investeringsmaatschappijen Apollo en One Equity Partners van JPMorgan Chase zouden interesse hebben in Terni.
    
    Outokumpu zou alle biedingen voor Terni tot dusver hebben beschouwd als te laag. De faciliteit wordt gezien als een van de meest moderne roestvrijstaalfabrieken van Europa.
    
16. voda 22 november 2013 16:11

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    Doubt cast on drive to cut steel capacity in China
    
    Reuters reported that Beijing's latest drive to press local governments to cut excess capacity in the steel sector by administrative means is unlikely to turn around the industry's low profitability any time soon despite its ambitious targets.
    
    This was because local governments' fear of losing economic growth momentum, tax revenues and employment would continue to constrain any serious effort to shut outdated capacity, analysts said, especially as the predominantly state-owned sector faced slow demand growth for years to come.
    
    Mr Yuan Gangming an economics researcher with the Chinese Academy of Social Sciences said that "Using administrative measures to tackle an industry facing a competitive market is not effective. To fundamentally resolve overcapacity, we need to carry out state-owned enterprise reform relentlessly and let the market decide which firm will stay and which will die."
    
    National Development and Reform Commission deputy director Mr Hu Zucai told a video conference with local government and steel industry leaders early this month that they must execute a State Council circular last month on phasing out outdated capacity.
    
    The circular required the industry to shutter 80 million tonnes of annual production capacity in the five years to 2017.
    
    It also ordered local governments to shut more than 40 million tonnes of capacity by next year, a year ahead of the original plan.
    
    A supplementary target of 15 million tonnes of plant closure has been mandated for 2015.
    
    The NDRC said that "Some local governments have been focusing too much on chasing after speed of development and investment by supplying tax exemptions, low-cost land and other resources. This promoted redundant investment and capacity expansion."
    
    It added that poor policymaking, planning, industry standards and environmental protection regulations had created barriers for the retirement of outdated capacities.
    
    Local officials have been asked to stop approving new projects and "clean up" those that have been built or have begun construction without proper approvals on land use, pollution discharge and compliance with Beijing's industry development directions.
    
    Source – Reuters
    
17. voda 22 november 2013 16:11

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    TATA Steel's efforts to tackle dust emissions under review
    
    Natural Resources Wales reviewing whether work has been carried out effectively to reduce dust emissions at TATA Steel’s factory in Port Talbot
    
    Efforts to tackle dust pollution from TATA Steel’s factory in Port Talbot are being reviewed by Natural Resources Wales (NRW) following complaints about emissions from the steelworks.
    
    NRW launched an investigation to pinpoint the source of dust problems at the site in July, which identified the sinter plant and blast furnace stock houses where raw materials are kept as the main cause of the dust.
    
    The steelworks was then issued with an enforcement notice by NRW to put in place measures to kerb pollution, after residents complained that dust in the area had not dissipated. TATA Steel agreed to conduct a further review into the dust problems.
    
    The company was also ordered to reduce the temperature of the production process and to find a dust suppressant with more tolerance to higher temperatures.
    
    A second notice, meanwhile, also asked for TATA to explain how it will comply with the Industrial Emissions Directive (IED), which limits emissions and also identifies the techniques used to control pollution.
    
    Mr Gavin Bown of Natural Resources Wales said that “We have examined Tata’s submission and we are about to carry out an inspection to verify specific parts of the response. While we are broadly satisfied with the actions they have taken so far which have met, and in some cases exceeded, the requirements of the first part of our notice, we must stress that there are still outstanding actions which must be completed by the end of January 2014.”
    
    According to NRW, the deadline for the aforementioned actions has now passed and it has been assessing TATA’s response as well as consulting the public for their opinion.
    
    Following the consultation, NRW said it would then change the permit held by Tata to include the new limits set by the directive and carry out a further consultation to allow the public to comment on how the directive has been applied.
    
    Mr Bown added that “TATA have worked with us over the dust issue and we are confident that the company will work with us to ensure they comply with the requirements of the new directive. The new rules affect the whole of Europe and we will work with Welsh industries to ensure they can compete in a global market whilst reducing the impact on the environment. These changes will ensure the steelworks will operate to the highest standards in order to protect local people and the environment.”
    
    Source - www.airqualitynews.com
    
18. voda 22 november 2013 16:12

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    ThyssenKrupp steps up preparations for cap hike - Report
    
    Reuters cited two bankers familiar with the matter as saying that ThyssenKrupp is stepping up preparations for a capital hike in a bid to shore up its strained balance sheet.
    
    They added that Germany's largest steelmaker has asked banks to ready themselves to pitch for a role in a 10% capital hike that could be carried out some time after publication of quarterly figures later this week.
    
    One of the sources said that "The banks will be asked to offer a so-called backstop - a price at which they would be willing to take new Thyssen shares onto their books - and those banks offering the lowest discount (to the Thyssen share price at the time of the pitch) will get the mandates.”
    
    ThyssenKrupp recently had to ask banks to waive loan covenants to avoid losing credit lines worth EUR 2.5 billion (USD 3.38 billion) because of the group's deteriorating finances.
    
    The company has been trying for more than a year and a half to find a buyer for mills in Brazil and the US state of Alabama, which have caused losses and sapped capital at Germany's biggest steelmaker for the past few years.
    
    Source – Reuters
    
19. voda 22 november 2013 16:14

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    Tangshan Stainless Steel will export automobile steel of two specs to Europe
    
    On November 12, Tangshan Stainless Steel, part of Hebei Steel Group, successfully produced first batch of 250 tonnes of European standard S355MC and S420MC automobile steel which will be exported to Europe. Performances of the product all meet the requirements of customers.
    
    Source - www.steelhome.cn/en
    China steel information centre and industry database
    
20. voda 22 november 2013 16:15

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    China and India look to unlock West African iron ore
    
    China is the obvious solution to unlock the potential of the huge iron deposits in West Africa. Although Indian steelmakers should not be left out of the equation as Jindal Steel and Power moved to shore up future supplies yesterday. There are also other deals understood to be in the offing from Indian companies.
    
    The broker said that it had identified six infrastructure hubs with the potential to produce up to 730 million tonnes per annum but which currently is largely unrealised.
    
    The broker’s analysts suggest China is uniquely positioned and incentivised to develop these iron ore projects to reduce its dependence on Australian and Brazilian imports and to push the marginal cost and price, of iron ore lower.
    
    West Africa has more potential than Australia and the economics work: “On paper, the solution is obvious. China should develop iron ore hubs in West Africa as an alternative to Australia and Brazil.”
    
    Again, West Africa has yet to meet expectations it could be the region's equivalent of Australia's Pilbara. Investec estimates China produces 60% of its steel using imported iron ore, which is sourced 50%/20% from Australia and Brazil.
    
    Select projects within West Africa offer attractive returns to financial investors in the view of Investec, especially if built to a scale sufficient to minimise capital intensity and unit cash costs.
    
    Since early 2008, only 30mtpa of capacity has been brought into production in West Africa from just a handful of projects, such as African Minerals’ 20 million tonne per annum Tonkolili project (Sierra Leone), London Mining’s 3.6 million tonne per annum Marampa project (Sierra Leone) and Wuhan Iron and Steel’s Bong mine in Liberia.
    
    Source – Proactive Investors.com