Eurobench.com

voda 23 november 2017 17:11

0

Hier nog de pdf format + grafieken en data:

www.worldsteel.org/en/dam/jcr:2974a68...

voda 23 november 2017 17:12

0

JFE and JSW to bid together for Bhushan Steel – Report

Reuters, citing two industry sources familiar with the matter, reported that JFE Holdings Inc and JSW Steel Ltd are lining up a joint bid with a private equity firm for the assets of India’s insolvent Bhushan Steel Ltd. As per report, “Under the plans, JFE would set up a special purpose vehicle with the two partners to manage the assets. JFE would hold a majority stake in the vehicle, while JSW Steel would operate Bhushan Steel’s plants.”

JFE already owns a 15 percent stake in JSW.

The bid, if successful, will give JFE a bigger foothold in the fast-growing Indian market where it has had a presence since 2010 in partnership with JSW Steel. It will also help JSW Steel expand in northern and eastern India without overstretching its balance sheet.

The final bids for Bhushan Steel are due in late December.

Source : Reuters

voda 23 november 2017 17:15

0

Usiminas eying 25% steel price hike for automakers - CEO

Reuters reported that while speaking to analysts and investors, Chief Executive Sergio Leite said that Brazilian steelmaker Usiminas Siderugicas de Minas Gerais SA is currently discussing a 25% steel price hike with automakers and hopes to conclude talks by the end of December

Leite added that the company may discuss resuming production at a plant in the city of Cubatão if 2018 economic growth in Brazil shows signs of surpassing 2.5 percent.

Source : Reuters

voda 23 november 2017 17:16

0

SREI Infrastructure to bid for Electrosteel Steels - Report

Business Standard reported that SREI Infrastructure Finance Limited will bid for Electrosteel Steels, one of the 12 cases that have gone to the National Company Law Tribunal for insolvency. Mr Hemant Kanoria CMD of SREI said that his company is interested in Electrosteel Steels, in which it has an exposure of INR 300 crore. One of the views of the creditors of Electrosteel Steels is that a one-time payment as a settlement of dues could be considered as a resolution.

By bidding for the company, he says, SREI can ensure that the company is not sold at a low price.

He adde that in the resolution process, there is a great deal of uncertainty on the part of the creditors who are not willing to take decisions, for fear of being pulled up at a later stage by vigilance authorities.

Apart from SREI, Tata Steel, Edelweiss Asset Restructuring Company and Piramal Group are some of the other suitors for the stressed company, according to reports.

Source : Business Standard

voda 23 november 2017 17:17

0

NLMK supplies steel for construction of collider in Russia

NLMK Group, an international steel company with operations in Russia, the USA and the European Union, has supplied dynamo steel to Joint Institute for Nuclear Research (based in Dubna) for the construction of a unique accelerator complex in Russia, a NICA collider (Nuclotron-based Ion Collider Facility).

Source : Strategic Research Institute

Bijlage:

voda 23 november 2017 17:17

0

Kobe steel scandal – 7 Kobe plants lose ISO certification

Jiji Press reported that the International Organization for Standardization 9001 certification has been suspended or canceled at seven plants of Kobe Steel Ltd. and group companies. The certification was suspended at six plants, including the parent’s Moka plant in Tochigi Prefecture, Daian works in Mie Prefecture and two plants within the Chofu works in Yamaguchi Prefecture. The other two are plants of group companies Shinko Aluminum Wire Co. in Osaka Prefecture and Kobelco Research Institute Inc. in Kobe.

Private certification bodies including JIC Quality Assurance Ltd and the Japan Quality Assurance Organization concluded that the group’s quality control system failed to meet the requirements for the ISO 9001 quality control standards, after a product data falsification scandal came to light last month.

The cancellation hit subsidiary Kobelco & Materials Copper Tube Co’s plant in Kanagawa Prefecture, making it impossible for the plant to apply for ISO 9001 accreditation for at least one year.

Source : Jiji Press

voda 23 november 2017 17:20

0

BHP and Vale inch toward Samarco dam spill settlement

Australian Financial Review reported that BHP Billiton and Brazilian miner Vale have inched closer to a settlement over the multibillion-dollar lawsuits that continue to hang over their Samarco joint venture following 2015's deadly dam disaster. While a full settlement appears unlikely to be reached before the end of 2017, the miners have at least agreed with Brazilian prosecutors over the pathway toward a more substantial agreement.

It is now 20 months since federal prosecutors in Brazil lobbed a 155 billion real ($63 billion) claim against the Samarco partners over the damage caused by the collapse of a tailings dam at the iron ore business in November 2015.

But that lawsuit, and a separate 7.7 billion real claim lobbed by Brazilian prosecutors, remain suspended under the terms of an "amended agreement" struck this week between the Samarco partners and prosecutors at both state and federal level in Brazil.

The latest agreement will see "socio-economic experts" appointed to advise the prosecutors over what would be an appropriate level of remediation in the communities affected by the disaster, which killed 19 people and destroyed several towns.

Source : Australian Financial Review

Bijlage:

voda 23 november 2017 20:13

0

Steel scrap prices up in Germany

EUWID Recyling reported that following October's price cuts, steel scrap prices moved in the opposite direction in Germany in November. The rising prices are supported by very high workloads at German steel mills.

Some merchants and scrap generators had held back material in October due to the reduction in prices. Moreover, this year had reportedly gone very well, meaning that a few merchants wanted to carry some material forward for a good start to the new year.

Not all mills have apparently received the budgeted amounts. Steel mills had to send a message on pricing in November to secure their supply of scrap. Market insiders mentioned that many mills were not planning to take downtime at the year’s end and were purchasing scrap as long as the weather is good so that they are not caught off-guard by a sudden onset of winter.

The full report on the German steel scrap market including the table with price changes appears in issue 24/2017 of EUWID Recycling and Waste Management on 29 November 2017.

Source : EUWID Recyling

Bijlage:

voda 23 november 2017 20:15

0

Dit zal L. Mittal, niet leuk vinden? :-)

BBC One makes 'Man of Steel' documentary on Mr Sanjeev Gupta

South Wales Argus reported that the man behind Liberty Steel in Newport, Mr Sanjeev Gupta, will star in a documentary this month exploring the global steel industry. Mr Gupta, the head of the Liberty Group, bought the former Alpha Steel plant in Newport and has since invested hundreds of millions into acquiring steel plants in the UK. This included signing an agreement with Tata Steel to buy its Speciality Steels division, which employs 1,700 people in Yorkshire, the West Midlands and China.

A documentary on the figure 'Man of Steel' is set to screen on BBC One, providing an insight into the public and private life of the global billionaire who moved to Wales with his family. Against the backdrop of closing steel plants and redundancies, the documentary will explore the global entrepreneur's impact on the industry and his business decisions in buying plants.

A show synopsis states: "Sanjeev has been quietly acquiring business and was a background player until his attempt to buy the TATA steel plant in Port Talbot pushed him into the limelight. Before that, the billionaire had been busy turning troubled steel plants into efficient and profitable industries, from steelworks in Newport and Tredegar, to mothballed sites across the UK. To show his commitment to the project, he uprooted his family from Dubai and relocated to Newport, South Wales, where he has set about making his one-man rescue mission a truly international enterprise."

The synopsis added that "This insightful and intimate film follows Sanjeev over the course of an extraordinary period in his life, as the energy trader strategically manoeuvres himself as a saviour of the Welsh, Scottish and English steel industries and heads for global steel status. It’s a rollercoaster ride with the newly dubbed 'white knight' in shining steel armour. But will the gamble of his life, to reignite a dying industry, end up in smoke?".

To watch the 'Man of Steel' documentary or find our more, tune into BBC One and iPlayer at 10.40pm on Tuesday, November 28.

Source : South Wales Argus

Bijlage:

voda 24 november 2017 16:23

0

ThyssenKrupp CEO defends Tata steel merger

The Bull reported that ThyssenKrupp on Thursday defended its disputed merger with India's Tata Steel, saying its restructuring plan and the tie-up would help to secure tens of thousands of jobs. CEO Dr Heinrich Hiesinger said "We will perhaps cut thousands of jobs, but we will also secure tens of thousands of jobs with this co-enterprise. The problem of overcapacity in Europe's steel product remains unsolved, and we are convinced that this merger plan is the best solution to provide the means to become the number two in steel in Europe, and to generate synergies that we would not have been able to achieve on our own.”

The tie-up, announced end-September to form Europe's second biggest steel works after ArcelorMittal, has sparked fears for 4,000 jobs in production and administration that hang in the balance.

Source : The Bull

voda 24 november 2017 16:27

0

ArcelorMittal South Africa welcomes designation of local steel for Rail sector

ArcelorMittal South Africa welcomes the decision by the Department of Trade and Industry (DTI) to regulate the designation of locally produced services and goods or locally manufactured goods with a stipulated minimum threshold for local production and content in the Rail Permanent Way sector. Wim de Klerk, ArcelorMittal South Africa’s Chief Executive Office, said “This is great news for both primary steel producers and the downstream steel industry as it will drive demand for locally produced steel content and locally manufactured steel products in state-funded rail projects, a key focus area in Government’s infrastructure development plans,” says

Source : Strategic Research Institute

voda 24 november 2017 16:28

0

Gerdau to reopen Mogi das Cruzes mini mill due to autos recovery

Reuters reported that Brazilian steelmaker Gerdau SA plans to reactivate its mini-mill in Mogi das Cruzes in March due to the recovery of the local auto industry. That will bring online 375,000 tonnes of special steel capacity, in addition to about 1 million tonnes of installed capacity in the segment elsewhere in Brazil.

Gerdau added that it had enough capacity to serve automakers’ growing demand until 2025.

Source : Reuters

Bijlage:

voda 24 november 2017 16:29

0

Iran semi finished steel exports in 7 months up by 76pct

Financial Tribune reported that Iran’s semi finished steel exports during the first seven months of the current fiscal year (March 21-Oct. 22) stood at 3.51 million tonne, up 76% year on year. According to Iranian Steel Producers Association’s latest report, billet and bloom shipments made up the bulk of exports, reaching 1.78 million tonne, up 28% year on year. Slab exports came next with a 188% YOY upsurge to 1.72 million tonne.

Finished steel exports were down 47% YOY to 690,000 tonne. Rebar and coated coils were the only products registering growth with 319,000 tonne, up 100.6% YOY and 40,000 tonne, up 135% YOY respectively. Hot- and cold-rolled coil and beams were down 77%, 94% and 23% YOY to 195,000, 7,000 and 99,000 tonne respectively.

Things stayed the same on the imports front, as they were down for almost all products. Semi and finished steel imports were down 83% and 33% YOY to stand at 26,000 and 1.2 million tonne respectively. Beam, coated coil and slabs were the only products whose imports recorded growth. Slab imports saw a 450% YOY upsurge to 11,000 tonne.

Source : Financial Tribune

Bijlage:

voda 24 november 2017 16:30

0

Thyssenkrupp confirms Italian stainless steel unit Acciai Speciali Terni for sale

Reuters reported that Thyssenkrupp Chief Executive Heinrich Hiesinger on Thursday confirmed plans to sell its Italian stainless steel plant, Acciai Speciali Terni (AST), adding this was the group’s only asset currently up for sale.

Dr Hiesinger made the comments after presenting full-year results that included the group’s highest order intake in five years, without specifying whether an official sales process had been launched.

Source : Reuters

voda 24 november 2017 16:33

0

IG Metall demands 10-year job guarantee in Thyssenkrupp Tata Steel merger talks

Reuters reported that IG Metall, Germany’s largest union, has called for a 10-year guarantee for jobs, sites and investments at Thyssenkrupp’s (TKAG.DE) steel business as a condition for agreeing to a planned merger with Tata Steel.

Detlef Wetzel, deputy supervisory board chairman of Thyssenkrupp Steel Europe, said on Thursday that “We call for a decade of security for employment, locations, factories and investments. That’s what it will be about in subsequent negotiations.”

He was presenting IG Metall’s demands during a demonstration of workers at Thyssenkrupp’s tin plate production site in Andernach.

Source : Reuters

voda 24 november 2017 16:34

0

USITC votes to continue probe on forged steel fittings from China, Italy, and Taiwan

The United States International Trade Commission (USITC) has determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of forged steel fittings from China, Italy, and Taiwan that are allegedly sold in the United States at less than fair value and subsidized by the government of China. As a result of the Commission’s affirmative determinations, the U.S. Department of Commerce will continue with its antidumping and countervailing duty investigations, with its preliminary countervailing duty determination due on or about December 29, 2017, and its antidumping duty determinations due on or about March 14, 2018.

Source : Strategic Research Institute

Bijlage:

voda 24 november 2017 16:36

0

Alacero update on Latin American steel sector performance in January-September 2017

Latin American steel association Alacero announced that the figures of the steel trade market during January-September of 2017 reflect the strengthening of economic activity of Latin america and the Caribean. The steel crude production showed an increase of 8%, meanwhile finished steel production and consumption grew 4% versus same period of 2016. However, this scenario is affected by steel imports that enter to the region, which in Jan-Sep 2017 represented 10%, supplying 32% of the regional consumption and growing two percentage points versus the same months in 2016 (30%). For its part the trade balance of the region remain negative, whose deficit increased 13% vs Jan-Sep 2016.

Crude steel - The region produced 47.8 million tons (Mt) of crude steel during Jan-Sep 2017, 8% higher than the volume recorded in the same period of 2016 (44.4 Mt). Brazil is still the main producer in the region with 53% of the regional production (25.5 Mt), increasing 9% versus first nine months of 2016.

Finished steel - In the same period, finished steel production reached to 39.6 Mt, 4% higher than registered in Jan-Sep 2016. The main producers were Brasil with 16.6 Mt (accounting for 42% of the Latin American output) and Mexico with 14.1 Mt (with 36% share of regional output).

Finished steel consumption - During the first three quarters, the region reached to 49.8 Mt of finished steel consumption, 4% higher than Jan-Sep 2016 (47.7 Mt). Largest increases in consumption -in absolute and percentage terms- were recorded in Mexico (additional 1.3 Mt, an increase of 7%), Brazil (687 thousand tons additional tons, up 5%), Argentina (269 thousand tons additional tons, up 9%), Venezuela (52 thousand tons additional tons, up 11%) and Chile (31 thousand tons additional, up 2%). Conversely, in the same period Bolivia, Honduras, El Salvador, Ecuador and Guatemala recorded declines of 18%, 13%, 11%, 4% and 4%, respectively. From Latin-American`s total steel consumption, 57% corresponds to flat products (28.6 Mt), 41% (20.2 Mt) to long products and 2% to seamless tubes (944 thousand tons).

Imports - In Jan-Sep 2017, Latin America imported 16.0 Mt of finished steel, 10% more than imported during the same period of 2016 (14.5 Mt). Of this total, 70% corresponds to flat products (11.2 Mt), 27% for long products (4.4 Mt) and 3% to seamless tubes (412 thousand tons). Currently, imports represent 32% of the regional finished steel consumption, which brings about disincentives to the local industry, trade frictions, and threatens jobs.

Exports - Latin American exports of finished steel reached to 7.0 Mt, 6% more that Jan-Sep 2016 (6.6 Mt). Of this total, 50% are flat products (3.5 Mt), 41% long products (2.9 Mt) and 9% to seamless tubes (651 thousand tons).

Trade deficit - Between Jan-Sep 2017, the region recorded a finished steel trade deficit of 8.9 Mt. This imbalance is 13% higher than the one observed in Jan-Sep 2016 (-7.0 Mt). Brazil and Argentina were the only countries to maintain a trade surplus of finished steel, 2.3 Mt and 84 thousand tons, respectively. Contrary, the largest deficit was recorded in Mexico (-4.2 Mt), followed by Colombia (-1.7 Mt), Chile (-1.2 Mt) and Peru (-1.1 Mt). The evolution of trade flows and the balance are shown in Figure 02.

Production October 2017 - Advance Information
Advanced information for October 2017, indicates that crude steel production reached to 5.5 Mt, 1% more than September 2017 and 1% lower than October 2016. The volume recorded during Jan-Oct 2017 was 53.3 Mt, 7% more than Jan-Oct 2016 (49.9 Mt). The production of finished steel closed at 4.5 Mt, 2% higher than September 2017 and same level versus October 2016. Between Jan-Oct 2017, the finished steel production reached to 44.1 Mt, up 3% versus Jan-Oct 2016 (42.7 Mt).

Source : Alacero

Bijlage:

voda 24 november 2017 16:39

0

Comparative analysis of US steel companies in Q3
Published on Fri, 24 Nov 2017

Market Realist said that ee’re now reaching the end of the 3Q17 earnings season, and most steel companies have released their 3Q17 financial results. Steel Dynamics was the first major steel company to release its 3Q17 earnings on October 18, followed by Nucor on October 19, US Steel and AK Steel on October 31, and ArcelorMittal, the world’s largest steel producer, on November 10. Overall, 3Q17 was a decent quarter for steel companies. US Steel and ArcelorMittal posted better-than-expected revenues and profits in 3Q17, but AK Steel missed consensus estimates for both its top and bottom lines.

ArcelorMittal shipped 21.7 million metric tons of steel in 3Q17, which was 1% higher than in 2Q17. The sequential increase in ArcelorMittal’s 3Q17 shipments looks impressive, given the seasonal slowdown in Europe, which is ArcelorMittal’s largest market, accounting for over half of its revenues. According to ArcelorMittal, the decline in shipments was notably less than the typical seasonal effects, reflecting supportive market conditions. ArcelorMittal’s NAFTA (North American Free Trade Agreement) 3Q17 steel shipments rose 4.3% sequentially, driven by a 16.6% rise in long steel shipments.

Nucor shipped 6.6 million tons of steel to outside customers in 3Q17. That’s a 2.0% fall from 2Q17, but its 3Q17 shipments rose 12.0% on a YoY (year-over-year) basis.

US Steel shipped 3.8 million tons of steel to outside customers in 3Q17, compared with 3.7 million tons in 3Q16. Its 3Q17 flat rolled shipments were similar to 3Q16, while its Europe shipments fell from 1.1 million tons to 1.06 million tons.

Steel Dynamics’ 3Q17 external steel shipments totaled 2.3 million tons, which was slightly higher than in 2Q17. While Steel Dynamics’ flat rolled steel shipments fell in the quarter, they were compensated by an increase in long shipments.

AK Steel shipped 1.37 million tons of flat rolled steel in 3Q17, compared with 1.39 million tons in 2Q17.

Source : Market Realist

Bijlage:

voda 24 november 2017 16:46

0

Two systems roils China's steel mills as curbs bite

Bloomberg reported that one country, two systems has come to the world's largest steel industry. As China's great environmental cleanup takes effect during the winter months, the stringent curbs being implemented across the north are hurting mills' output, while giving free rein to producers in the south.

Brokerage Nanhua Futures Co said in a note that "Southern steel mills unaffected by the output restrictions are generally running at full speed. They're seeing better demand for their products as order volumes spike. Inventories are rapidly shrinking."

Mills, miners and investors have been tracking China's bid to rein in pollution this winter by imposing restrictions on steel supply, in addition to curbs on other industrial activity such as construction. The policymakers' efforts are targeted at mills in the colder north, zeroing in on the so-called 2+26 cities, which refers to Beijing and Tianjin plus other centres. As well as skewing production, the drive is impacting raw materials, especially iron ore.

Mr Hong Hao, chief China strategist at Bocom International Holdings Co in Hong Kong said that "You could say it is one country, two systems, using the phrase applied to China after the former British colony of Hong Kong was returned to mainland rule in 1997, yet was allowed to retain its autonomy.”

There's been stronger demand for iron ore "from the southern Chinese steel mills, offset by weaker demand from the northern mills due to environmental restrictions", RBC Capital Markets said in a Nov 15 report.

The country's mills are the largest buyers of seaborne ore, taking cargoes from miners including Brazil's Vale SA and Australia's BHP Billiton Ltd and Rio Tinto Group.

The green push in China comes towards the end of a year when steel prices have rallied, with gains sustained by better-than-expected demand as well as efforts by the government to tackle overcapacity. Spot reinforcement bar rose to 4,391 yuan (S$897) a tonne on Tuesday, near the high of 4,396 yuan on Sept 4, which was the most since 2011. That's sent profits soaring at Baoshan Iron & Steel Co and Hesteel Co, the listed units of the country's top mills.

Wood Mackenzie Ltd charted the policy's uneven impact. The curbs will probably cut so-called hot-metal supplies by about 34 million tonnes this winter, with a reduction of 14.2 million tonnes this quarter and 20.2 million tonnes in the first three months of 2018. Still, "the loss will be partly offset by production hikes from capacity outside the 2+26 region", it said in a note this month. The net decline this quarter may be just four million tonnes, it said.

Nationwide production has started to slow, official figures show. In August, China mills churned out a record 74.6 million tonnes. The next month it dropped to 71.8 million, and the total was little changed in October at 72.4 million.

Source : BLOOMBERG

Bijlage:

voda 24 november 2017 16:58

0

Rio Tinto and Sinosteel extend Channar Mining Joint Venture

This third extension of the joint venture, confirmed in Beijing by Rio Tinto chief executive J-S Jacques and Sinosteel chairman Xu Siwei, will see an additional 10 million tonnes of iron ore delivered into the joint venture from Western Australia. Rio Tinto Iron Ore chief executive Chris Salisbury said “The Channar joint venture is one of Australia’s most significant trading partnerships and has helped pave the way for the incredibly strong relationship we have forged with China today. This extension represents another milestone in our 30-year partnership that has seen more than 250 million tonnes of iron ore delivered from the Pilbara to China.”

The extension will see Sinosteel make an upfront payment of US$15 million to Rio Tinto as well as production royalties linked to the iron ore price. It is conditional upon approvals from the Western Australian, Australian and Chinese governments.

The original Channar joint venture was signed in 1987 and provided for the production of 200 million tonnes of iron ore. This third extension will increase the life of the joint venture to cover production totalling 290 million tonnes.

The Channar joint venture (Rio Tinto share 60 per cent, Sinosteel share 40 per cent) owns the Channar mine in the Pilbara region of Western Australia. The mine is managed by Rio Tinto and the joint venture agreement provides Sinosteel with off-take rights for a volume of Pilbara Blend (into which Channar ore feeds) equivalent to Channar production.

Source : Strategic Research Institute

Bijlage:

Vertraagd	13 mei 2024 17:37
Koers	23,950
Verschil	+0,070 (+0,29%)
Hoog	23,990
Laag	23,750
Volume	1.896.278
Volume gemiddeld	2.541.425
Volume gisteren	2.942.344

02 mei	Beursblik: resultaten ArcelorMittal b...	1
02 mei	AEX gaat hogere opening tegemoet, ter...	4
02 mei	Meer omzet en hoger resultaat bij Arc...
01 mei	Lagere winst ArcelorMittal verwacht
23 apr	Mondiale staalproductie daalt toch weer
16 apr	Deutsche Bank haalt ArcelorMittal van...	1
12 apr	Video: cyclische aandelen bieden kansen
09 apr	World Steel Organisation ziet vraag n...
22 mrt	Mondiale staalproductie in de lift
12 mrt	ArcelorMittal neemt groot belang in V...

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws