Eurobench.com

[verwijderd] 15 februari 2007 01:26

0

Nog eentje:

Algoma Steel in talks with potential buyer
Last Updated: Wednesday, February 14, 2007 | 6:20 PM ET
CBC News

Algoma Steel could soon be the latest Canadian steel company to get a new owner.

The Sault Ste. Marie-based company confirmed late Wednesday that it was in talks with an unnamed "third party regarding a possible acquisition of the company."

Algoma Steel three-month trading
Rumours have been swirling that Algoma would be the next Canadian steelmaker to be targeted. Hamilton-based Dofasco was acquired by Arcelor Mittal following an acrimonious fight with ThyssenKrupp of Germany. Last month, North Carolina-based Nucor made a friendly $1.25 billion bid for Harris Steel Group of Toronto.

www.cbc.ca/money/story/2007/02/14/alg...

[verwijderd] 18 februari 2007 11:57

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STEEL makers have been some of the hottest stocks in the market, with many of them soaring more than 50 percent over the last 12 months.

STEEL makers have been some of the hottest stocks in the market, with many of them soaring more than 50 percent over the last 12 months.

www.nytimes.com/2007/02/18/business/y...

[verwijderd] 20 februari 2007 01:37

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Arcelor Mittal, Tinto & JSW front runners for Sesa Goa

Arun Kumar

New Delhi, February 19, 2007
The world’s largest steel maker Arcelor Mittal, leading mining company Rio Tinto and home-grown JSW Steel of of Sajjan Jindal are among the front runners to acquire the controlling stakes in Sesa Goa, which was put on block by its controlling shareholder, Japan's Mitsui & Company.

Sources close to the deal said that six bids were submitted in the final round. Besides these three, Sterlite, AV Birla Group and Australian iron ore company BHP Billiton have also put up their bids.

www.hindustantimes.com/news/181_1932554,00020011.htm

[verwijderd] 20 februari 2007 01:39

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Mittal likely to clinch Mitsui stake in Sesa Goa

CORPORATE BUREAU
Posted online: Tuesday, February 20, 2007 at 0058 hours IST

MUMBAI, FEB 19: Amidst speculation about who outbid whom in the final run for Sesa Goa, Arcelor Mittal is believed to have inched ahead of competition. The world's largest steel maker and leading mining company Rio Tinto were touted to be the front-runners to acquire 51% stake in Sesa Goa, which was put on the block by its controlling shareholder, Japan's Mitsui & Company. Until late Monday night, there was no confirmation from the Japanese major on who was the winner.
Six bids were submitted in the final round. JSW Steel, Sterlite, the AV Birla group and Australian iron ore company BHP Billiton are also in the fray.

www.financialexpress.com/fe_full_stor...
in.today.reuters.com/news/newsArticle...

[verwijderd] 20 februari 2007 10:51

0

Beursnieuws

Azie: staalproducenten hoger in verdeelde regio

Amsterdam (BETTEN BEURSMEDIA NEWS) - De beurzen in de regio Azie/Oceanie zijn dinsdag verdeeld de dag uitgegaan. Hierbij waren de aandelen van de staalproducenten in trek, onder invloed van speculaties over fusies en overnames. De beurzen in China, Hongkong, Maleisie, Singapore en Taiwan waren nog gesloten vanwege de viering van het Chinese Nieuwjaar.

In Tokio werd er wel gewoon gehandeld. De Nikkei-index sloot nagenoeg onveranderd op 17.939,10 punten, en de brede Topix Index steeg met 0,2% tot 1782,70 punten. Japanse beleggers kijken met spanning uit naar de bijeenkomst van de Bank van Japan. De verwachting is dat de centrale bank de rente woensdag zal verhogen van 0,25% tot 0,50%.

Nippon Steel, 's werelds op een na grootste producent van staal, vergrootte maandag zijn belang in Nakayama Steel Works. Het aandeel sloot hierop 2,6% hoger. Ook branchegenoten JFE Holdings en Sumimoto Metal Industries profiteerden daarvan.

Staalproducenten staan al enige tijd in de aandacht, gedeeltelijk vanwege de vermoedens dat de overname van Arcelor door Mittal een versnelde reorganisatie van de industrie op wereldwijd niveau in gang zal zetten.

www.wallstreetweb.nl/nieuwsmv/2715547...

[verwijderd] 26 februari 2007 00:16

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BlueScope's Profit Rises on Prices, Building Demand (Update2)

By Tan Hwee Ann

Feb. 26 (Bloomberg) -- BlueScope Steel Ltd., Australia's largest steelmaker, said first-half profit rose 24 percent because of higher prices and record sales driven by building demand domestically and in the U.S.

Net income rose to A$388 million ($307 million), or 54.6 cents a share, for the six months ended Dec. 31, from A$312 million, or 43.5 cents, a year ago, the Melbourne-based company said in a statement. That beats the A$360 million expected by analysts in a Bloomberg survey.

Chief Executive Officer Kirby Adams raised the price of benchmark hot-rolled coil during the half to combat a surge in raw material prices. The company expects profit this half to be weaker as global steel prices moderate.

``That's a good performance as they benefited from higher global steel prices,'' said Atul Lele, who helps manage the equivalent of $360 million at White Funds Management, in Sydney.

www.bloomberg.com/apps/news?pid=20601...

[verwijderd] 9 maart 2007 12:30

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CHINA RELOCATING STEEL GIANT SHOUGANG FROM BEIJING TO HEBEI
BEIJING, March 9 Asia Pulse - China's National Development and Reform Commission (NDRC) has approved the construction of the Jingtang Iron and Steel Project, it announced here Thursday. Beijing-based steel giant Shougang is relocating to neighbouring Hebei province and setting up a new joint venture with Hebei-based Tangshan Iron and Steel Group, named Shougang Jingtang Iron and Steel Corp.
Shougang will shut down production capacity of eight million tons of iron and steel in Beijing, while 7.3 million tons will be eliminated in Hebei province.

"The approval signals the complete start-up of Shougang Jingtang Iron and Steel Project," said officials with the NDRC, adding investment on the project would reach 67.7 billion yuan (US$8.75 billion).

The project is expected to produce 8.98 million tons of pig iron, 9.7 million tons of steel and 9.13 million tons of rolled steel, sources said.

The relocation of Shougang, long branded the capital's worst polluter with chimneys belching out thick clouds of smoke, is a major step towards solving the city's chronic air pollution problems.

(XIC)

[verwijderd] 9 maart 2007 12:36

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Brazil CVRD Expects To Ship 100M Tons Of Iron Ore To China
SAO PAULO (Dow Jones)--Brazilian mining giant Companhia Vale do Rio Doce (RIO), or CVRD, said Thursday that it expects to ship 100 million metric tons of iron ore to China in 2007. "We are going to substantially increase our shipments to China," CVRD finance chief Fabio Barbosa said Thursday. "The global economy is going to grow, and we think that the Chinese economy will exceed the global average."
Barbosa made the comments during a press conference to discuss the company's fourth-quarter and 2006 earnings.

In 2006, CVRD became the largest iron-ore supplier to China, shipping 77.873 million metric tons of the key steel-making raw material to the country. Shipments of 100 million tons would represent an increase of 28% over 2006 shipments, as well as account for nearly one-third of CVRD's expected 300 million tons of iron ore production in 2007.

CVRD also sees possible opportunities arising from a recent decision by India's government to impose stiff taxes on iron ore exports.

"India has ambitious plans to increase its steel production, and they want to reduce exports to meet domestic demand," Barbosa said.

The decline in Indian iron ore exports could mean further tightening in global iron ore supply, Barbosa said.

Late Wednesday, CVRD reported net profit of 3.37 billion Brazilian reals ($1.59 billion) in the fourth quarter of 2006 , up from BRL2.64 billion in the fourth quarter of 2005. Net revenue surged 81% to a record BRL16.69 billion.

For the full year, CVRD posted a record net profit of BRL13.43 billion, up from BRL10.44 billion in 2005. Net revenue surged 32% to a record BRL46.75 billion in 2006, compared with BRL35.35 billion in 2005.

-By Jeff Fick, Dow Jones Newswires; 55-11-3145-1481; Jeff.Fick@dowjones.com [ 08-03-07 2018GMT ]

[verwijderd] 13 maart 2007 09:25

0

Arcelor Mittal in de wacht gezet bij overname Laiwu Steel
Dinsdag 13 Maart 2007 09:03

AMSTERDAM (Dow Jones)--Het bod van staalgigant Arcelor Mittal op het Chinese staatsbedrijf Laiwu Steel Corp is in de wacht gezet, nu Chinese toezichthoudende instanties een hoger bod op het bedrijf willen zien.

De staatskrant China Business Journal schrijft dat de Chinese toezichthouders de overeenkomst hebben afgeblazen, totdat er een betere prijs voor het bedrijf wordt neergelegd en meer kennis en technologie wordt overgedragen.

Laiwu Steel Group heeft een jaarlijkse staalproductie van meer dan 10 miljoen ton.

Woordvoerder van het Chinese staatsbedrijf Laiwu Steel ontkent berichten dat Chinese toezichthouders het bod hebben afgewezen.

Wel zegt de woordvoerder dat de instantie 'verschillende voorwaarden heeft opgesteld, waaronder de prijs, om zo de Chinese staalindustrie te beschermen.'

'Als Mittal de voorwaarden accepteert, is er niets wat de overeenkomst tegen houdt,' zegt de woordvoerder van Laiwu die anoniem wil blijven.

Meer dan een jaar geleden besloot Arcelor een 38%-belang te nemen in Laiwu Steel Corp. voor een bedrag van $258 miljoen. Moederbedrijf Laiwu Steel Group heeft eveneens een aandeel in het bedrijf van 38%. Het grootse gedeelte van overgebleven aandelen van Laiwu Steel Corp. zouden via een beursgang verhandeld moeten worden op de beurs van Shanghai.

China is de grootste staalproducent en -consument van de wereld en verbruikt ongeveer een derde van de wereldproductie.

Arcelor Mittal heeft een aandeel van 33% in de Chinese staalmaker Hunan Valin Steel Tube & Wire Co. Ook zou het bedrijf in gesprek zijn met Kunming Iron & Steel Co, de grootste staalproducent in het zuidwesten van de Chinese provincie Yunnan.

Groet
Coert

[verwijderd] 13 maart 2007 19:08

0

Ook Steel Dynamics verwacht een goed Q1. Tevens nue al erg positief over Q2 en het hele jaar.

yahoo.reuters.com/news/articlehybrid....

Groet

Coert

[verwijderd] 19 maart 2007 18:12

0

19-03-2007: Sino Hua-An to ride on China steel boom
By Gan Yen Kuan
Email us your feedback at fd@bizedge.com

Sino Hua-An International Bhd, one of China’s largest metallurgical coke producers, is set to benefit from the rising demand for steel from the booming construction and automotive industries in China.

Its managing director Liu Guodong said there would be a shortage of coke in China next year given the rising demand and the government’s policy of closing down inefficient plants.

“This augurs well for big coke producers such as Sino Hua-An,” he told Malaysian reporters during a visit to its coking plant in Shandong province recently.

www.theedgedaily.com/cms/content.jsp?...

[verwijderd] 27 maart 2007 00:17

0

Sign in to win great prizes:-)

Arcelor Mittal, Nippon plan to double US output

REUTERS[ TUESDAY, MARCH 27, 2007 02:09:03 AM]

TOKYO: Arcelor Mittal and Nippon Steel Corp have agreed to double automotive sheet capacity at their US joint venture at an estimated cost of 30 billion yen, the Nikkei Business Daily reported on Monday.

LN Mittal and Akio Mimura, the heads of the world’s No. 1 and No. 2 steelmakers, also agreed to expand their alliance in areas other than their US venture at a meeting in New Delhi on Sunday, the paper said.

economictimes.indiatimes.com/News/New...

[verwijderd] 27 maart 2007 00:18

0

Mittal hints at Jharkhand and Orissa for steel investments
26 March 2007

New Delhi: Lakshmi Mittal, CEO, Arcelor Mittal, has indicated an interest in putting up greenfield investments in Jharkand and Orissa each.

In 2005 Mittal had signed an initial agreement with the Jharkhand government to build a $9-billion steel plant, which seems stuck due to his company's inability to secure a captive iron ore mine since state-owned steel maker, Steel Authority of India Ltd., is also interested in the Jharkhand mines Arcelor Mittal is seeking.

www.domain-b.com/companies/companies_...

[verwijderd] 27 maart 2007 16:41

0

Mittal S. Africa Shares Drop After Antitrust Ruling (Update3)

By Carli Lourens

March 27 (Bloomberg) -- Shares of Mittal Steel South Africa Ltd., Africa's largest steelmaker, fell after the country's highest antitrust authority said it broke the law by charging ``excessive prices'' for flat steel.

The Vanderbijlpark, South Africa-based company contravened the Competition Act ``by charging an excessive price for its flat steel products to the detriment of consumers,'' the Competition Tribunal said today in an e-mailed statement.

The tribunal will hear further evidence before deciding how to penalize the ``super dominant'' steelmaker in South Africa. Mittal Chief Executive Officer Rick Reato said the company, controlled by Arcelor Mittal, the world's biggest steelmaker, is considering its legal options. Johannesburg-based gold producers, Harmony Gold Mining Co. and DRDGold Ltd., filed complaints about Mittal's pricing four years ago.

``What this means is that we'll not only be able to buy steel at lower prices, but they'll be prices set by market forces,'' Harmony's Chief Executive Officer Bernard Swanepoel, said in an e-mailed statement. Consumers suffered because of their ``monopolistic behavior for many decades,'' he added.

Mittal Steel South Africa shares fell as much 4 percent to 115 rand in Johannesburg. They traded at 117.74 rand as of 3:28 p.m., valuing the company at 52.5 billion rand ($7.25 billion).

It's the first time the regulator has found a company guilty of ``excessive'' pricing, said Lerato Motaung, a spokeswoman for the Pretoria-based tribunal. Mittal was disappointed with the ruling and its legal team will study the judgment further, said Reato.

`Legal Options'

``We believe however that we have a strong legal case and will be considering our legal options,'' he said in an e-mailed statement.

The company is 52 percent owned by Arcelor Mittal.

The export of surplus steel output through a distribution arrangement with Macsteel International Holdings BV enables Mittal to ``abuse its structural advantage'' to charge excessive prices, the tribunal said.

``What we have found is that Mittal SA employs its super- dominance to achieve its target price by ensuring that the excess supply that exists at that price is removed from the domestic market,'' the tribunal said.

The gold mining companies have asked the tribunal to force Mittal to sell its 50 percent stake in MacSteel International.

`Negative'

``The net effect will probably be negative'' Troye Brady, an analyst at Nedcor Securities, said in a telephone interview in Johannesburg. ``It looks like the tribunal may force Mittal to sell Macsteel.''

The regulator may also impose a further penalty on the steelmaker, he added. The tribunal declined to comment on potential penalties.

MacSteel International generated about 195 million rand of Mittal Steel South Africa's 2006 pretax profit of 6.7 billion rand. Net income for the period was 4.65 billion rand.

``Mittal may not get a good price for Macteel because potential buyers are likely to be aware it's a forced sale,'' Brady said. ``If you add a penalty to that, then it becomes serious.''

The tribunal said it's reluctant to regulate steel prices as that would involve ``massive technical difficulties.''

The tribunal dismissed Harmony and DRDGold's complaint that Mittal contravened competition rules by inducing its customers not to deal with competitors.

To contact the reporters on this story: Carli Lourens in Johannesburg at clourens@bloomberg.net

nieuws zat natuurlijk, pak deze er eff tussen uit om aan te geven dat Mac Steel belangrijk is voor MT daar is ondere andere de j.v. MUR mee.

[verwijderd] 27 maart 2007 20:38

0

quote:
vissekop schreef:
Mittal hints at Jharkhand and Orissa for steel investments
26 March 2007

New Delhi: Lakshmi Mittal, CEO, Arcelor Mittal, has indicated an interest in putting up greenfield investments in Jharkand and Orissa each.

In 2005 Mittal had signed an initial agreement with the Jharkhand government to build a $9-billion steel plant, which seems stuck due to his company's inability to secure a captive iron ore mine since state-owned steel maker, Steel Authority of India Ltd., is also interested in the Jharkhand mines Arcelor Mittal is seeking.

www.domain-b.com/companies/companies_...

Hey Vissekop! Alles goed?

Kun je voor mij nog eens een TA-analyse loslaten op BETERBED? Waar ligt de volgende weerstand?

[verwijderd] 29 maart 2007 09:02

0

RIO DE JANEIRO, March 28 (Reuters) - Brazil's anti-trust watchdog, Cade, approved on Wednesday, without restrictions, last year's mega-takeover of steel company Arcelor by Mittal Steel in terms of its impact for the Brazilian market.

Cade, or the Administrative Council for Economic Defense, said in a statement published on its Web site the deal that formed the world's largest steelmaker, Arcelor Mittal (MT.N: Quote, Profile , Research), did not bring unfair competition risks for Brazil.

Cade has no power to block the global deal, but it could have applied restrictions in what affects Brazil. Antitrust authorities in the European Union, the United States, Canada, China and several other countries have already approved the takeover.

While the Brazilian anti-trust watchdog has no problems with the giant steelmaker, the company has said it will consider going to court if it cannot find an agreement with securities regulator CVM on the price to buy out minority shareholders of its local unit, Arcelor Brasil (ARCE3.SA: Quote, Profile , Research).

Last week, the regulator said Arcelor Mittal should pay about 49.75 Brazilian reais ($24) a share, compared with the offer of about 35 reais that the company had put forward. ($1=2.069 reais)

© Reuters 2007. All Rights Reserved.

Nu snel afronden die Braziliaanse soap. Kunnen ze hun tijd weer ergens anders aan gaan besteden.

Groet
Coert

[verwijderd] 29 maart 2007 10:18

0

Finnish stainless steel maker Outokumpu upbeat on 1Q earnings due strong demand
HELSINKI, Finland (AP) - Metals group Outokumpu Oyj said Wednesday its first-quarter profit could be higher than the record previous quarter because of "prevailing favorable market conditions." The world's second-largest stainless steel maker said demand for the metal "continues to be strong," and that the group's operating profit for the period will be "on the record fourth quarter 2006 level, or even higher."
Chief Executive Juha Rantanen said cost-cutting policies had been successful, improving the Finnish company's competitiveness.

"We are confident of the long-term attractiveness of the stainless steel market and with the prevailing good base price levels Outokumpu's earnings potential remains strong," Rantanen said.

The company's stock fell slightly, by 0.6 percent to euro26.48 (US$35.35), in late afternoon trading in Helsinki.

Outokumpu swung into profit in the fourth quarter of last year due to strong global demand for stainless steel and soaring base metal prices. It reported a net profit of euro603 million (US$780 million), with a 72-percent increase in sales to euro1.9 billion (US$2.5 billion) compared to the same period in 2005.

Outokumpu is to publish its first-quarter earnings on April 24.

Based in Espoo, near the Finnish capital Helsinki, Outokumpu has 8,200 workers in some 30 countries.

In November, the Finnish government further decreased its ownership in the company to 31.1 percent from 38 percent. It has a parliamentary mandate to reduce the stake to 10 percent.

--------------

On the Net:

Outokumpu site: www.outokumpu.com ;

[verwijderd] 29 maart 2007 10:43

0

Russia crowns a new aluminum king; Newly formed United Company Rusal will surpass Alcoa, Alcan, as top producer
ALEKSANDRAS BUDRYS
MOSCOW -- Russia's aluminum billionaires have created the world's largest producer of the metal and said yesterday they would float the firm within three years as the country enhances its presence on global resources markets. United Company Rusal will produce one-eighth of the world's aluminum, surpassing Alcoa Inc. and Alcan Inc., by combining OAO Russian Aluminum, smaller Russian rival OAO Sual Group and assets of Swiss-based commodities trader Glencore International AG. Annual sales will be around $12-billion.
“The deal is a proactive response to several significant industry trends: dynamic growth, competition to secure access to energy and raw material resources and active consolidation, said Alexander Bulygin, chief executive officer of the new company.

The company will invest between $2.5-billion and $3-billion annually from 2007 on various projects, Mr. Bulygin said.

Rusal, owned by billionaire Oleg Deripaska, will own 66 per cent of the new group, which will have capacity to produce about four million tonnes of aluminum and 11 million tonnes of alumina.

Sual will own 22 per cent and Glencore 12 per cent.

The companies did not say where they intended to list Rusal. Viktor Vekselberg, Sual's co-owner and non-executive chairman of the merged company, has previously said a listing could occur in London within 18 months.

Mr. Vekselberg and Mr. Deripaska will both serve on the 12-man board of United Company Rusal, along with Mr. Bulygin, Sual shareholder Len Blavatnik, Glencore chief Ivan Glasenberg and two independent non-executives. The 12th member will be appointed by July 1.

Sual president Brian Gilbertson, once tipped to be chairman of the new company, was not named among the board members in the statement. Russian media reported he would leave the company after the merger.

United Company Rusal combines four bauxite mines, 10 alumina refineries, 14 aluminum smelters and three foil mills. The company's assets and over 100,000 employees are located in 17 countries.

By the numbers

4 million

The amount, in tonnes, of aluminum United Co. Rusal will have the capacity to make annually.

3.55 million

The amount of aluminum Alcoa Inc. produced last year, in tonnes.

3.4 million

The amount, in tonnes, of aluminum produced by Canada's Alcan Inc. last year.

REUTERS NEWS AGENCY

[verwijderd] 29 maart 2007 16:46

0

Steelcase profit up, international business strong
Thu Mar 29, 2007 10:24am ET

NEW YORK (Reuters) - Steelcase Inc. (SCS.N: Quote, Profile , Research), the world's biggest office furniture maker, said on Thursday quarterly earnings tripled, helped by growth in its international business.

Fourth-quarter net income rose to $29.3 million, or 20 cents a share, from $9.3 million, or 6 cents a share, a year ago.

Revenue rose 5.4 percent to $779 million.

The Grand Rapids, Michigan-based company said it expects first-quarter earnings of 15 cents to 20 cents per share including special items.

[verwijderd] 29 maart 2007 16:50

0

AMSTERDAM (Dow Jones)--US Steel corp koopt Lone Star Technologies inc, een producent van pijpen die worden gebruikt in olievelden. Het grootste staalconcern van de Verenigde Staten betaalt $67,50 per aandeel, of circa $2,1 miljard voor Lone Star, zo meldt het bedrijf donderdag.

Met de overname ontstaat de grootste producent van pijpen voor de energiesector in Noord-Amerika, met een jaarlijks productievermogen van circa 2,8 miljoen ton, zeggen beide bedrijven in de persbericht.

De afgesproken prijs omvat een premie van circa 39% op de slotkoers van Lone Star van $48,45, afgelopen woensdag. De overname is goedgekeurd door het bestuur van beide bedrijven en zal naar verwachting worden afgerond in het derde kwartaal van dit jaar.

Lone Star heeft zich in het afgelopen jaar meerdere malen uitgebreid. Het bedrijf sloot joint ventures met de Chinese staalfabrikant Hunan Valin Steel Tube & Wire co, het Indiase Welspun Group en het Braziliaanse Grupo Peixoto de Castro.

Door Mike Barris en Marjolein Timmer; Dow Jones Nieuwsdienst; +31-20-5890270; marjolein.timmer@dowjones.com

(END) Dow Jones Newswires

March 29, 2007 10:32 ET (14:32 GMT)

Copyright (c) 2007 Dow Jones & Company, Inc.

Vertraagd	6 mrt 2025 11:07
Koers	31,070
Verschil	+0,900 (+2,98%)
Hoog	32,080
Laag	31,030
Volume	2.332.320
Volume gemiddeld	2.867.370
Volume gisteren	9.002.030

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