Nieuws en info hier plaatsen (deel 4)

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US Steel market expected to see better performance

While the US steel market has faced a bleak market, American Iron and Steel Institute CEO Mr Thomas J Gibson said in a conference call Monday the second half of 2013 holds more promise.

AISI reported Monday that steel shipments were 8.27 million net tons in July 2013, a 6% increase from the previous month and a 4.6% increase year over year. However, overall shipments year to date are down 4.1% compared to the same seven month period in 2012.

Mr Gibson said a major issue of concern for steel manufacturers is currency manipulation, especially in regards to China. AISI has been seeking support to include currency provisions in the Trans-Pacific Partnership Agreement.

Mr Gibson said recovery has been tepid, but the industry is on track to see better performance in the second half of the year if Congress is able to settle on a budget and raise the debt limit without a lengthy shutdown of the government.

He said that "My expectation is that we will continue with a tepid, but real recovery. So long as the federal government doesn't throw a wrench in it."

Source - Pittsburgh Business Times
US raw steel production update

In the week ending September 14, 2013, domestic raw steel production was 1,843,000 net tons while the capability utilization rate was 76.9%. Production was 1,751,000 net tons in the week ending September 14, 2012, while the capability utilization then was 70.4%

The current week production represents a 5.3% increase from the same period in the previous year. Production for the week ending September 14, 2013 is down 1.5% from the previous week ending September 7, 2013 when production was 1,872,000 net tons and the rate of capability utilization was 78.1%

Adjusted year to date production through September 14, 2013 was 68,424,000 net tons, at a capability utilization rate of 77.2%. That is a 3.8% decrease from the 71,142,000 net tons during the same period last year, when the capability utilization rate was 77%.

Broken down by districts, here's production for the week ending September 14, 2013 in thousands of net tons
North East - 210
Great Lakes - 657
Midwest - 239
Southern - 669
Western - 68

Source - AISI
US July steel shipments up by 6%

The American Iron and Steel Institute reported that for the month of July 2013, US steel mills shipped 8,274,511 net tons, a 6.0% increase from the 7,806,319 net tons shipped in the previous month, June 2013, and a 4.6% increase from the 7,910,486 net tons shipped in July 2012.

Shipments year to date in 2013 are 55,675,985 net tons, a 4.1 percent decrease vs. 2012 shipments of 58,027,590 net tons for seven months.

A comparison of July shipments to the previous month of June shows the following changes:
Cold rolled sheet, up 9%
Hot rolled sheet, up 7%
Hot dipped galvanized sheets and strip, up by 1%

Source - AISI


PARIJS (AFN) - ArcelorMittal heeft een opdracht gekregen van Technip. Het staalconcern gaat zogenoemde zeer resistente staaldraden leveren aan het bedrijf voor de productie van flexibele omhulsels. Dat maakte ArcelorMittal donderdag bekend.

Het contract heeft een looptijd van 5 jaar, financiële details zijn daarbij niet gegeven

Aperam heeft succesvol converteerbare obligatie uitgegeven

AMSTERDAM (Dow Jones)--Aperam sa (056997440.LU) heeft succesvol een converteerbare obligatie uitgegeven waarmee de producent van roestvast staal $150 miljoen heeft opgehaald. Dit bedrag zal echter via een uitbreidingsclausule worden verhoogd tot $200 miljoen.

Aperam gaat de opbrengst gebruiken voor algemene bedrijfsdoeleinden waaronder de herfinanciering van bestaande schulden.

De obligaties die aflopen in 2020 hebben een coupon van 2,625%. De initiele conversiepremie bedraagt $21,96, wat neerkomt op een premie van 35% op de referentieprijs van $16,27.

De familie Mittal, grootaandeelhouder van Aperam, heeft voor $81,8 miljoen ingeschreven op de convertible. Hiermee blijft het huidige belang van 40,85% van de Mittals in Aperam gehandhaafd.

De schuldpapieren krijgen van kredietbeoordelaar S&P een B+ rating.

Door Levien de Feijter; Dow Jones Nieuwsdienst: +31-20-5715200;

ArcelorMittal krijgt contract van Technip twv EUR200 mln

AMSTERDAM (Dow Jones)--ArcelorMittal (MT.AE) is geselecteerd door het Franse Technip sa (TEC.FR) om hoog-resistente staalkabels te leveren voor de ontwikkeling van offshore olie- en gasvelden. Dit meldt 's werelds grootste staalmaker donderdagochtend.

Het vijfjarige contract heeft een waarde van ruim EUR200 miljoen en biedt tevens onderzoeks- en innovatiemogelijkheden, aldus het bedrijf.

De fabriek in Bourg-en-Bresse, in de regio Rhone-Alpes, zal de staalkabels produceren.

Door Ruth Bender; vertaald en bewerkt door Marleen Groen; Dow Jones Nieuwsdienst; +31 20 5715 200;

ArcelorMittal to sell 21% stake of Algerian unit

The state news agency quoted the prime minister as saying that steelmaker ArcelorMittal will sell a 21% stake in its Algerian unit at a nominal price to the Algerian state, allowing the country to become a majority shareholder.

There had been speculation about a government plan to take control of the operation the El Hadjar plant in the eastern town of Annaba - but this is the first time a government official has confirmed such talks.

Algerian Prime Minister Abdelmalek Sellal said the government would soon hold a total 51 percent stake in the venture for a "symbolic" price, according to the official APS news agency.

The agency gave no further details on the price and ArcelorMittal's officials at the unit were not immediately available for comment.

ArcelorMittal, the world's largest steelmaker, bought a 70% stake of the previously fully state-owned plant in 2001, with state owned Algerian steelmaker Sider retaining the remaining 30%.

The plant has been hit by a series of strikes over pay rises in the past months. It produced 580,000 tonnes of flat and long steel in 2012.

Source – Reuters

Increase iron ore supply to steel industry to curtail USD 6 billion - ASSOCHAM

Apex industry body ASSOCHAM urged the government to increase iron ore supply for domestic steel industry which is currently running at an all time low utilization level in the country as such a move would bring down steel imports worth a whopping six billion dollars, promote steel exports and curb the ever-rising current account deficit.

“Iron ore exports of a 100 million tonne would earn India USD 10 billion while the country would earn USD 8 to 9 billion through exports of just 10 million tonne steel, besides value addition to the raw material would lead to employment generation, capacity building and various other benefits,” highlighted a study titled ‘Iron Ore Exports: Threat for Indian Steel Industry,’ conducted by The Associated Chambers of Commerce and Industry of India.

An ASSOCHAM spokesperson while releasing the study said that “Rupee depreciation has made domestic steel sector 22% more competitive thereby giving a huge impetus to the finished steel exports as such relaxing the exports restrictions on iron ore would further worsen India’s CAD.”

Highlighting that both demand for and production of steel is growing steadily, ASSOCHAM study has projected that India’s steel production might reach 81 million tonne in the current year as against 78 million tonne in 2012 to 13.

Considering that iron ore production in the country has been declining significantly, India is likely to witness a shortfall of about 30 million tonne as iron ore production is likely to stay at about 100 to 110 million tonne in the current year and it requires about 140 million tonne of iron ore to produce 81 million tonne of steel, highlighted the ASSOCHAM study.

Chambers spokesperson said that “Thus any relaxation of iron ore export duty will further worsen the situation thereby making it difficult for domestic steel producers to survive.”

Owing to the unavailability of iron ore, capacity utilization of crude steel in India has come down to about 82% from about 88% a year ago, further highlighted the ASSOCHAM study.

Rampant shortage of iron ore has also lead to huge imports of iron and steel making raw material as India imported various metallics worth over USD 9 billion for iron ore and steel industries thereby increasing the CAD significantly.

Its study said that “There has a sudden jump of 66% in import of scrap from about five mt in 2011 to 12 to over 8 million tonne in 2012 to 13. Likewise, there has been huge jump of 1,475% in import of direct reduced iron and hot-briquetted iron i.e. from less than half lakh tonne a year ago to over 7.5 lakh tonne in the current year.”

As per the data compiled by ASSOCHAM India has ample of agglomeration capacity as pellet plants capacity is likely to reach 85 million tonne by 2014 to 15 from about 64 million tonne in 2012 to 13. Similarly, sinter capacity is also scheduled to grow to 86 million tonne by 2014 to 15 from current level of 75 million tonne.

Due to decline in total iron ore production there has also been a significant decline in production of lump and fines. Iron exporters are spreading a myth that due to unavailability of utilization of fines capacity in India, fines are being exported.

Considering that iron ore production in the country is likely to drop, the production of fines is expected to stay at 60 million tonne in the current year as against 88 million tonne in 2012 to 13 and thus pellet and sinter plant will continue to operate below rated capacity.

Source – Strategic Research Institute

Algerian government confirms renationalization of ArcelorMittal Annaba

Algerian Premier Minister Abdelamalek Sellal confirmed on September 17, that the Algerian state will take control of global steelmaker ArcelorMittal's majority stake in local steel producer ArcelorMittal Annaba for a symbolic one dinar.

The Algerian government currently holds 30% of the company through the state-owned group Sider, while the remaining 70% is under the control of the world's largest steel producer ArcelorMittal. Sider is expected increase its capital investment in the company, instead of making any financial transfer.

In January 2012, the country's former prime minister, Ahmed Ouyahi, had promised that the state would intervene in order to save the El Hadjar steel complex of ArcelorMittal Algeria. One month later, ArcelorMittal agreed with an Algerian state-owned bank for a credit line of EUR 140 million to finance a development plan which would allow it to increase its production capacity. However, ArcelorMittal Annaba announced a loss of USD 33 million in 2012, while the steel production of the company in 2012 amounted to just 580,000 tonne, far short of the goal of 700,000 tonne decided in 2011 and far from the one million mt reached before the privatization of the company in 2001.

ArcelorMittal Annaba, located 12 km south of the city of Annaba, is currently the largest integrated steel plant in the Maghreb region. It has a steelmaking capacity of 2.0 million metric tonnes a year. The plant has its own captive iron ore mines located in Ouenza and Boukhadra under the name Mittal Tebessa.

ArcelorMittal Annaba's finished product range includes hot rolled and cold rolled coils and sheets, hot dip galvanized products, tinplate, wire rod, rebar and seamless tubes. With a strong hold on its domestic market, the company also exports output to other Maghreb countries, Europe, the Middle East, China and Southeast Asia.

Source - Visit for more
Italy may change law to restart Riva steel operation - Minister

Reuters reported that Italy may change the law to allow steelmaker Riva Acciaio to use cash seized as part of a move against the group's parent to ensure it can restart production at plants suspended last week and preserve jobs.

Last week Riva, owner of one of Europe's largest steel mills, halted plants in northern Italy and sent home 1,400 workers after an asset freeze blocked banking operations, making it impossible for the group to run the plants.

The seizure was part of a widening probe into alleged environmental crimes at parent group Riva's Ilva operations in southern Italy.

The possible change will be discussed at a cabinet meeting on Friday, Industry Minister Flavio Zanonato told parliament.

Mr Zanonato said that "We are studying the option of adding a paragraph to Article 104 of the criminal procedure code, which in case of a seizure would also leave liquidity in the hands of the court officer to allow operations to continue.”

Source – Reuters
Still plans to sell both Americas plants - ThyssenKrupp CFO

Bloomberg reported that ThyssenKrupp AG still plans to sell both of the plants in its Steel Americas unit.

Mr Guido Kerkhoff CEO said that he “confident” it will dispose of the unit. The company isn’t currently preparing a capital increase.

The producer has been seeking to sell the Americas unit for 16 months to expand its non steel operations and weather a drop in demand. Lower use in the auto and construction industries and higher competition from China has reduced steel prices, leading German peer Salzgitter AG to announce 1,500 job cuts last month.

Source - Bloomberg
Da's mooi (Rene!)

Steel beverage can recycling reaches 89,4% in Spain

Latas de Bebidas, the Spanish beverage canmakers association has reported impressive beverage can recycling results in Spain. A total of 6 000 million metal cans (steel and aluminium) were recycled in 2012, representing a 86,4 per cent metal recycling rate. The recycling rate for steel cans reached 89,4%. These rates show the efficiency of current recycling systems in place.

APEAL had previously supported Ecoacero, the Spanish recycling organisation, Latas de Bebidas and other packaging and retailer organisations against the implementation of a deposit-refund system in Spain. For the adoption of the Waste Framework Directive (2008/98/EC) into the Spanish legal system would require profound changes to the 1998 Spanish Waste Act. One of the issues represented by the new legislation was the eventual mandatory establishment of a deposit-refund scheme for one-way drinks packaging. This was an issue that would directly affect cans, and Spain is the second biggest consumer of cans in Europe.

Source -
En dan mag dit bericht natuurlijk niet ontbreken!

ArcelorMittal receives RobecoSAM Gold Class Sustainability Award

Following inclusion in the 2013 RobecoSAM Sustainability Yearbook and being declared ‘gold class’ by the sustainable investment company in January, ArcelorMittal was handed over the awards at a ceremony in Paris this week.

Company secretary and chairman of ArcelorMittal’s corporate responsibility coordination group, Henk Scheffer, attended the 18 September event and accepted the award on behalf of the company.

RobecoSAM gave ArcelorMittal their highest sustainability rating possible naming our company “Sector Leader” – or best company in its industry – and recognised us with a “Gold Class” award.

In his acceptance speech at the Elysée Biarritz Cinéma in Paris, Henk told the audience how maintaining a constructive dialogue with our employees and other stakeholders has always been and will continue to be essential for the company. “We will keep developing this dialogue, further integrating our human rights policy into our supply chain,” he explained.

Henk also explained that ArcelorMittal is fully committed to technological development in order to reduce CO2 and other emissions, highlighting how the company has been dealing with its sustainability challenges in a responsible and committed manner with continuous support from our management that drives the strong focus on improving the company’s sustainability.

This is ArcelorMittal’s second inclusion in the RobecoSAM’s Sustainability Yearbook, an enormous recognition which follows our 10% improvement from the previous year in the Dow Jones Sustainability Index score announced in September 2012. In 2011, ArcelorMittal had already scored a remarkable 77%, against a sector average of 44%.

RobecoSAM, specialises in sustainability investing and provides the rating for the Dow Jones Sustainability Index. The rating system comprehensively covers all aspects of sustainability from corporate governance, risk management, compliance and innovation to climate strategy, environmental management and human capital development. Other sector leaders included AirFrance-KLM, Sodexo and Alcatel Lucent.

Source – Strategic Research Institute

Iron ore ship rates rise to 33 month high as China demand surges

Bloomberg reported that Charter rates for the largest iron ore carrying ships reached a 33 month high on rebuilding of inventories in China, the world’s biggest importer of the steelmaking raw material.

According to the Baltic Exchange, hire rates for Capesize vessels, each 1,000 feet long and able to haul at least 150,000 tonnes of cargo, rose 9.7% to USD 32,945 per day the London based publisher of shipping costs on global maritime routes. That was the highest since November 24th 2010.

Mr Marc Pauchet senior analyst at London based ACM Shipping Group Plc said that ore shipments to China from Australia and Brazil, the world’s two biggest exporters also increased as production expands. Capesize rents gained for a 23rd session in 24 on the Brazil to China route.

Mr Rune Sand an analyst at Carnegie SA in Oslo whose recommendations on the shares of shipping companies returned 18% in the past year said that “For shipowners, this is very positive. Forward contract rates are also surging, meaning owners can lock in revenues at attractive rates now.”

Source – Bloomberg

dus mogen we dan vermoeden dat MT de resterende 30% voor zich zal nemen, alleen wat moeten ze betalen
The stakes are high!

Glencore agrees to study USD 3 billion Congo iron ore mine

Glencore Xstrata Plc, the global commodity trader and metals producer run by billionaire Mr Ivan Glasenberg, agreed to proceed with a study into an iron ore mine in the Republic of Congo that may cost as much as USD 3 billion.

Baar, Switzerland based Glencore said that the assessment, with partner Zanaga Iron Ore Company is now being advanced on the basis of a staged development, substantially reducing the initial capital requirement and including the potential for initial production using existing infrastructure.

The development cost is now estimated at USD 2.5 billion to USD 3 billion down from USD 7.4 billion. Glencore’s Glasenberg has led a call for an industrywide crackdown on over spending on new mines, which he blames for a glut of some raw materials that has trimmed prices and profits for producers.

Mr Richard Knights analyst of London based Liberum Capital Limited said that “The revised agreement between Glencore and Zanaga should increase the likelihood of project finance. The company now has a materially more palatable project for potential investors and debt providers given its lower and more efficient CAPEX number.”

Glencore owns a stake of 50% plus one share in the project and Zanaga the rest. An examination of the proposed development is due to be completed in the second quarter of next year with a decision on investment following that. The mine may initially produce as much as 14 million tonnes of iron ore a year. The previous plan was for a mine producing 30 million tonnes a year.

Source - Bloomberg


ArcelorMittal board member Mr Louis Schorsch sees key role for Cleveland plant


Saturday, 21 Sep 2013

The Luxembourg-based steelmaker is investing in its Cleveland plant, an operation that produces a small, but increasingly important, part of ArcelorMittal's steel output.

Mr Louis Schorsch a member of the company's group management board said the Cleveland plant ships about 3% of the nearly 100 million tons of steel the company ships each year. But ArcelorMittal is positioning the plant as the place where new, advanced high-strength steel will be piloted and produced. The steel will serve the automotive industry, where new, more stringent fuel efficiency and carbon dioxide emission standards have led to a need for stronger, lighter steel.

Mr Schorsch spoke about the investments during a City Club Business Leaders event at the Aloft Cleveland Downtown hotel on Wednesday evening, Sept. 18. He spoke with Crain's about the issues on Wednesday afternoon.

The Cleveland plant has a hot-dip galvanizing line that is critical to producing advanced, high-strength steel. Mr Schorsch said the company has invested about USD 70 million in that galvanizing line in the past eight to 10 years, and it is on the path to approve spending another USD 25 million in improvements on that line in the next year and a half.

The Cleveland plant wasn't designed to make this type of steel the galvanizing line was originally a heat treating line but all the necessary parts were there. As demand grows for advanced, high-strength steel, ArcelorMittal can add capability to produce it in other parts of the world. But for now, Cleveland will be critical.

Source -

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