Eurobench.com

voda 11 januari 2016 19:43

0

Global stainless steel production in 9 months of 2015

The International Stainless Steel Forum has released figures for the first nine months of 2015 totaling 31.3 million metric tons stainless steel melt shop production, a decrease of 0.5% YoY. Production increased in the Americas and in China.
.

Source : Strategic Research Institute

voda 13 januari 2016 19:28

0

Budget Wish List - Indian stainless steel producers want import duty hike

Economic Times reported that body of Indian stainless steel producers have urged the government to raise basic customs duty import duty on stainless steel flat products to 15% in the forthcoming budget from the present 7.5% to curb growing imports.

The Indian Stainless Steel Development Association (ISSDA), which has top manufacturers of stainless steel flat and long products as its members, has said considering the fact that imports occupy 45% -50% market share, there is a crying need for increasing the import duty on stainless steel flat products.

ISSDA said in a pre budget statement "In order to protect and revive the domestic ailing stainless steel sector govt, must enhance basic customs duty on Stainless Steel Flat products from the existing level of 7.5% to 15% in the budge."

It also said duty on critical raw materials like pure nickel, ferro nickel, SS Scrap and MS Scrap also needs to be reduced to NIL from the existing level of 2.5% in order to create a level playing field with China and other countries.

ISSDA has also urged the government to initiate investigation in anti circumvention petition (on width >1250 mm) at the earliest to check unwarranted imports.

Source : Economic Times

voda 13 januari 2016 19:33

0

Nickel tumbles to 12 year low at LME on high inventories

Nickel prices slid to their weakest levels in over 12 years on Tuesday, amid worries about high inventories, while copper sunk to fresh 6-1/2 year lows on persistent worries over China's economy. LME three-month nickel, which was the worst performer on the LME last year with losses of over 40 percent, tumbled to $8,120 a tonne, the lowest since May 2003, before paring losses to close at $8,220, a decline of 0.6 percent.

Data on Tuesday showed another increase in refined nickel inventories on the London Metal Exchange MNISTX-TOTAL to 437,334 tonnes, a gain of 11 percent over the past month.

Weak demand from the stainless steel sector, the dominant source of demand for nickel, and a glut of supply has hammered prices.

Analyst Ash Lazenby at HSBC said the bank slashed nickel price forecasts by 22-34 percent for 2016-18, saying nickel ore stockpiles were high at 773,000 tonnes and will take about three years to halve. He said "We cut our price forecasts ... reflecting a protracted recovery as a result of slow supply discipline and heightened inventory levels.”

Source : Reuters

voda 14 januari 2016 17:00

0

Japanese stainless steel scrap imports in November surge

Scrap Monster reported that according to latest statistics released by Japan’s Ministry of Finance (MoF), the country’s imports of stainless steel scrap increased considerably during the month of November last year. The imports during the month witnessed rise of 20.9% when compared with the previous month. The stainless steel scrap imports by Japan totaled 8,767 tons in November. Japan had imported 7,251 tons of stainless steel scrap during the month of October this year.

During the month of November, the largest exporter stainless steel scrap to Japan was South Korea. The exports from South Korea totaled 4,132 tons. The Japanese imports from South Korea dropped nearly 6.7% when compared with the imports of 4,428 tons during Oct ‘15. In second place was the US with total exports of 1,831 tons. The stainless steel scrap exports from the US to Japan skyrocketed by 128.6% month-on-month from 801 tons. The imports from South Korea and the US accounted for 47% and 21% respectively of the total imports by the country during November. In third place was Taiwan with 1,512 tons. The imports from Taiwan increased significantly by 91.4% over the previous month.

The country’s stainless steel scrap exports during the initial ten-month period of the year totaled 82,704 tons. Also, annualized stainless steel scrap imports during 2015 are projected at around 90,000 tons.

Source : Scrap Monster

voda 19 januari 2016 17:08

0

New 80 tonne Danieli converter at APERAM Brazil commissioned

The plant supplied by Danieli Linz Technology was put on stream 12 months after the signing of the contract. In November 2014, APERAM Inox awarded DANIELI an order to revamp the existing converter at Timoteo (Brazil). The contract included the engineering, supply, advisory services for erection and commissioning of the converter vessel, suspension system, trunnion ring and slag shields.

On December 27th, 2015 the new 80-t MRP-L converter produced its first heat of liquid steel, just 12 months after the signing of the contract.

The following features were key to this success:

• Change in trunnion design from bolted to welded type: this freed up some space to increase the inside volume of the converter from 56 m3 to 64m3;

• Introduction of a flange connection in the barrel part of the vessel shell in order to avoid any site welding, simplify transportation, and reduce the erection time by approx. 50%;

• Suspension system based on vertical and horizontal lamella-type elements. The standard design of the vertical elements was upgraded, and the industrially proven horizontal DANI-ELLA® elements (which are successfully in operation on a 350-t converter since May 2014 ) were applied to incorporate a new Danieli solution. This combination creates a new state-of-the-art maintenance-free suspension system.

A well-planned pre-assembly and erection procedure reduced the total project time and the site activities to 17 days from the start of erection. This consolidated the collaboration between the teams of APERAM Timoteo and DANIELI Linz Technology.

Source : Strategic Research Institute

Bijlage:

gerrit 69 19 januari 2016 22:26

0

www.iexprofs.nl/Column/Opinie/170995/...

Grondstoffenmarkt leeft op
19 jan 2016 om 12:30 - IEXProfs Redactie - Gerelateerde onderwerpen: Geoff Blanning, grondstoffenprijzen, James Luke, Rodolph Roche, Schroders asset management

Na vijf jaar van achteruitgang kunnen de grondstoffenprijzen voor positieve verrassingen gaan zorgen. Geoff Blanning, James Luke en Rodolph Roche, de commodityspecialisten van Schroders, verwachten in 2016 en daarna sterke rally's op de grondstoffenmarkten. Zij zien hiervoor drie aanjagers:

Geopolitiek
“Van oudsher altijd erg belangrijk voor beleggers, maar lijkt nu helemaal naar de achtergrond te zijn verdwenen. Het is slechts een kwestie van tijd totdat er opnieuw een verstoring van de handel in energie plaatsvindt.”

Dollar
“Volgens ons ligt een nog sterkere dollar niet in de lijn der verwachtingen. Een daling van de koers kan de katalysator voor hogere grondstoffenprijzen zijn.”

Vraag/aanbod
“De aanhoudend lange periode van dalende prijzen moet leiden tot een hernieuwde balans tussen vraag en aanbod. De nood onder mijnbouwbedrijven en energieproducenten is hoog. Amerikaans aardgas wordt bijvoorbeeld door zelfs de meest efficiënte bedrijven onder kostprijs verkocht.”
Outlook verschillende grondstoffen
Energie
Energie biedt volgens Schroders het grootste potentieel voor prijsstijgingen. "Met een olieprijs op 35 dollar valt te verwachten dat de olieproductie in de VS en in andere niet-OPEC landen sterk zal teruglopen. Dit kan niet door OPEC worden opgevangen. Een prijsstijging is het gevolg." Schroders verwacht dat de olieprijs naar de 60 dollar gaat.

Basismetalen
Een constructieve visie op de basismetalen is volgens Schroders lastig af te geven, zolang onduidelijk is wanneer de vraag uit China bodemt, of het aanbod voldoende is teruggeschroefd, zodat er een einde komt aan het overaanbod. "Zover is het nog niet, dus prijzen kunnen nog verder zakken. het grootste neerwaarts risico zit in koper. De meeste potentie heeft nikkel."

Goud
"Goud kan dit jaar profiteren van toenemende geopolitieke en macro-economisch zorgen, of van een verzwakking van de Amerikaanse dollar."

Agrarische grondstoffen
"De vooruitzichten van prijsstijgingen zijn nu al goed voor koolzaad, palmolie, cacao, suiker en rubber. " Agrarische grondstoffen worden volgens Schroders ondersteund door drie belangrijke factoren:
El Niño slaat dit jaar om in La Niña, met lagere agrarische opbrengsten tot gevolg.
Door een dreigend tekort aan granen, oliehoudende gewassen en suikerriet wordt India een belangrijke importeur van agrarische grondstoffen.
De afname van de Chinese vleesproductie kan leiden tot een prijsstijging van varkensvlees en gevogelte.
***************************
Basismetalen - De meeste potentie heeft nikkel

voda 20 januari 2016 16:58

0

CFO Mr Reinhard Florey to leave Outokumpu

Outokumpu announced that it’s Chief Financial Officer Mr Reinhard Florey has decided to leave Outokumpu to take a role as CFO at OMV, an international oil and gas company based in Austria. Florey will start in his new position latest on August 1, 2016 and continues as the CFO of Outokumpu until then.

Mr Reinhard Florey has been the Outokumpu CFO since 2013, and before that he has held a number of executive roles at Outokumpu and the steel industry.

Mr Roeland Baan, Outokumpu CEO, said “Reinhard has had a fundamental role in the integration of Outokumpu and Inoxum, and his experience, expertise and drive have been instrumental in strengthening Outokumpu’s financial position. I know I speak on behalf of the entire company when I thank Reinhard for his unwavering commitment, strong contribution and efforts for Outokumpu. We will miss his expertise and sound counsel, and wish him all the best in his new job.”

Outokumpu has started the search for a new CFO.

Source : Strategic Research Institute

voda 26 januari 2016 21:20

0

Danieli supplying new H3 wire rod mill To Tsingshan Stainless Steel Group

China's largest stainless steel producer once again selects Danieli technology for its plant modernization. In December 2015, Danieli was awarded the contract to supply advanced technology and equipment for a new wire rod line at Tsingshan Stainless Steel Group, Province, P.R. of China.

Tsingshan Group is the largest stainless steel producer in China. Today, it produces 6 Mtpy of stainless steel, and through expansion and modernization aims to produce 10 Mtpy within 2020.

Based on the customer’s request and due to the excellent performances of the existing wire rod line, also supplied by Danieli, the new project will include a 10-stand wire rod block suitable for soft reduction, a related pinch roll, and the latest version of the proven (and patented), high-tech variable inclination angle loop laying head.
In addition to the main equipment above, Danieli also will supply roller guides, a snap shear, the whole automation package and the well-known WICON program for long-products rolling simulation.

A comparable equipment package was supplied in 2010 for the existing Tsingshan wire rod mill, with 24 Star Housingless SHS type stand; a 10-stand high speed wire rod block; and a 4-stand TMB sizing block with related pinch roll and laying head. Besides this, in 2013, Danieli also supplied one complete stainless steel bar mill for the same Tsingshan group.

This new order confirms Tsingshan's satisfaction with the Danieli technology and equipment, with its excellent performances and achievements, and further strengthens Danieli Group's leading position in China.

Source : Strategic Research Institute

voda 28 januari 2016 17:21

0

Jindal Stainless Hisar to expand cold rolling capacity to 400000 tonnes

PTI reported that a day ahead of its listing, India's largest stainless steel maker Jindal Stainless (Hisar) Ltd has said it will expand its cold rolling capacity from 275,000 tonnes to 400000 tonnes in 2-3 years.

JSHL, which will start trading on the BSE and HSE from today, will concentrate on high quality stainless steel for the nuclear and defence sectors.

JSHL Vice Chairman Mr Abhyuday Jindal said "Over the next 2-3 years we will be enhancing cold rolling capacity by around 45 per cent from existing 2.75 lakh tonnes to around 4 lakh tonnes leading to maximum value addition. Z-mills and bright annealing lines will also be doubled.”

Mr Jindal said: "JSHL is the world's largest producer of stainless steel strips of razor blades and India's largest producer of coin blanks, serving the needs of Indian and International Mints."

He added “As part of it innovation, JSHL has come up with high quality stainless steel for the growing Nuclear Sector and is currently running trails to develop special grade of stainless steel for various defence applications.”

On funds for the expansion, Mr Jindal said: The capital requirement for expansion and modernisation will be met through a mix of debt and equity."

Source : PTI

voda 28 januari 2016 17:26

0

Roofing ceremony of the cold rolling investment in Outokumpu Krefeld held

Outokumpu recently held the roofing ceremony for the around EUR 108 million investment in Krefeld, Germany. This marked an important milestone in the investment program that enhances the production capabilities of ferritic materials with new facilities for hood annealing, pickling, cold rolling, bright annealing and temper rolling processes. The investment was initiated two years ago and strengthens the company’s long-term competitiveness in one of its most important markets. It is Outokumpu’s biggest ongoing investment.

With the state-of-the-art process and equipment technology, Outokumpu is able to significantly increase efficiency and synergy effects in the production of stainless-steel products, while at the same time reducing energy consumption and emissions.

Mr Oliver Picht, Senior Vice President for Outokumpu’s Business Line Nirosta in Coil EMEA said “By the end of 2016, we expect to have transferred our current production from our Benrath plant to Krefeld and prepared it for manufacturing with the very latest process technologies. This modernization will ensure we continue to meet the highest demands of our customers for top-quality stainless steel. Furthermore, the conversion of the existing equipment will enable us to produce top-quality, high-gloss surfaces.”

He said “The German plants are major elements in Outokumpu’s global manufacturing and supply strategy. With the largest consumption, Germany is the most important European market for stainless steel. The highest product quality and individual technical service provide the foundations for our long-standing leadership in the marketplace.”

The over 26 meters high new hood-annealing building is the most visible alteration to the Krefeld site. Following today’s official roofing ceremony, the installation of the batch-annealing equipment will be done during the next months, and the production ramp-up is planned for mid-2016.

Source : Strategic Research Institute

voda 29 januari 2016 15:44

0

Jindal Stainless (Hisar) lists on National Stock Exchange and Bombay Stock Exchange

India’s largest stainless steel manufacturer Jindal Stainless (Hisar) Limited marked a new beginning on January 28th 2016 by listing on the National Stock Exchange and Bombay Stock Exchange(with the signature ‘bell ringing’ ceremony at NSE. To commemorate this landmark event, Vice Chairman of Jindal Stainless (Hisar) Ltd Mr Abhyuday Jindal rung the bell to mark the commencement of listing and trading of shares at NSE and BSE.

Beginning yesterday, Jindal Stainless (Hisar) Limited will start trading on the NSE and BSE under the designated JSLHISAR code. Total 231185445 no. of equity shares of face value of INR 2 each are being listed on the NSE and BSE.

This listing is pursuant to the scheme of arrangement that was approved by High Court of Punjab and Haryana vide its order dated 21st Sept.2015 (as modified on 12th October, 2015). Pursuant to the scheme of arrangement of Jindal Stainless Limited, the issued subscribed and paid-up equity capital Jindal Stainless (Hisar) Ltd is INR 462370890/- divided into 231185445 equity shares of INR 2 each.

Mr Abhyuday Jindal Vice Chairman of Jindal Stainless (Hisar) Limited said “It’s an extremely proud moment for Jindal Stainless (Hisar) Limited to list on bourses today, as this marks a new beginning for the company. We feel proud to say that Jindal Stainless (Hisar) Limited (JSHL) is the oldest and largest producer of stainless steel in the country and is known as one of the best in the world for its productivity and quality. Since its inception, Jindal Stainless (Hisar) Ltd. is sustaining an impeccable financial and operational performance. Although, domestic industry is plagued with under capacity utilization of around 50% but, am happy to inform you all that, JSHL is operating at over 90% of its capacity. ”

Jindal Stainless (Hisar) Limited (JSHL) is the largest producer of stainless steel in India with an annual capacity of 800,000 Million Tonne Per Annum. Located in Hisar, Haryana, JSHL is a fully integrated manufacturing unit with a backward and forward integration.

Source : Strategic Research Institute

voda 29 januari 2016 15:44

0

Indian stainless steel industry now seeks anti-circumvention duty on imports - Report

Business Standard reported that after the anti dumping duty on imports of cold rolled flat products of stainless steel last month, domestic stainless steel industry is seeking for anti-circumvention duties on the same product and has already approached the Ministry of Commerce with its plea.

Mr Ankur Agrawal, chief financial officer of Jindal Stainless (Hisar) told Business Standard "The recently levied duty is on cold-rolled flat products ranging between 600-1,250 mm. But exporting countries are evading this duty by sending cold-rolled flats higher than 1250 mm. Due to this, the imposed anti-dumping duty has not helped the stainless steel industry in any way.”

He said "Preliminary investigation by the Commerce Ministry is on. We do not know when the outcome can be expected but a thorough investigation of the injury to the industry would take atleast another 30-40 days.”

Last month, the Indian government imposed an anti-dumping duty ranging from 5-57% on import of cold-rolled flat products of stainless steel for five years. In a notification, the Central Board of Excise and Customs said the duty has been imposed on China, South Korea, the US, South Africa, Thailand and Taiwan, besides the European Union. The highest duty has been levied on steel imports from China at 57.39%, followed by the European Union at 52.56%. Imports from Thailand have the least duty imposition of 4.58%.

Source : Business Standard

voda 1 februari 2016 17:08

0

Outokumpu to showcase high end stainless steel products at CHEMTECH

Outokumpu, leading global stainless steel manufacturer will be showcasing its enhanced and formidable advanced products and capabilities for critical requirement of growing high-end application segment in India including energy, oil and gas, chemical processing, water treatment and desalination plants during the Three day ‘Chemtech Gujarat World Expo 2016’to be held in Ahmedabad, Gujarat from February 10-12, 2016 .

Source : Strategic Research Institute

voda 3 februari 2016 20:11

0

Outokumpu to showcase high end stainless steel products at CHEMTECH

Outokumpu, leading global stainless steel manufacturer will be showcasing its enhanced and formidable advanced products and capabilities for critical requirement of growing high-end application segment in India including energy, oil and gas, chemical processing, water treatment and desalination plants during the Three day ‘Chemtech Gujarat World Expo 2016’to be held in Ahmedabad, Gujarat from February 10-12, 2016 .

Mr Yatinder Pal Singh Suri, Country Head, Outokumpu India said “Stainless steel is an essential material in the critical key industries. As a leading global stainless steel supplier, Outokumpu a global leader in advanced materials with widest product portfolio will present its categorized products range on basis of their corrosion resistance and other additional properties and according to performance, such as strength, heat-resistance and corrosion-resistance at the event. The company will highlight how specialty stainless steels provide for sustainable solutions for safer, cost efficient and more reliable processes.”

He said “We’re constantly striving to offer the best solutions for our customers. Customer feedback inspired us to rearrange our products according to performance characteristics rather than their chemical composition and so create an easier way for customers to explore our comprehensive portfolio. Our new categorization will make it easier for the customer to assess and select the optimum product.”

Mr Suri added “Outokumpu’s new portfolio structure features nine product ranges, which highlight the key properties of their respective products such as corrosion-resistance, heat-resistance, strength, hardness and machinability. Exhibiting and presenting at Chemtech Gujarat 2016 Outokumpu will take the opportunity to propagate messages about sustainable solutions provided by the Group's specialty stainless steels. These stainless steels achieve the lowest life cycle cost, optimal productivity and higher profitability. The world-leading stainless steel producer with the broadest product portfolio, Outokumpu supplies materials for sub-sea facilities, oil refining, chemical tankers, energy producers and ports, enhancing profits and productivity with competitive cost advantage.”

He also said “Currently the overall demand level of stainless steel flat products for industrial segment in India is around 800,000 tonnes. The demand for Industrial grades is set to grow more than 3 times in the next 10 years. In the absence of domestic capability to manufacture high end reliable range of stainless steel for hostile Industrial applications, Outokumpu has a major role to play in India.”

Mr Suri added “Stainless steel as material is 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic. Unlike our competitors Outokumpu is mostly into marketing High end grades of Stainless steel in India mostly used for manufacturing of process equipment plants in Oil & Gas, chemical and refineries. Outokumpu’s presence in India is primarily relevant for high end grades and higher dimensions which are not manufactured in India. Being the oldest and largest stainless steel player in the world, India definitely needs Outokumpu innovations.”

CHEMTECH Gujarat World Expo 2016 is being organised with support of the Ministry of Chemicals & Fertilizers, Government of India, Gujarat as the Partner State and IndexTB Gujarat. Over 200 exhibitors from 14 countries will showcase latest technologies for applications across Refining & Petrochemicals, Chemical & Fertilizers, Specialty Chemicals, Pharma & Biotechnology and various other manufacturing industries.

Source : Strategic Research Institute

voda 5 februari 2016 20:54

0

Outokumpu divests its remaining share of the Shanghai Krupp Stainless

Outokumpu and Lujiazui International Trust Co Ltd have agreed on a Put-and-Call-Option upon which LTC is entitled to acquire and Outokumpu is entitled to sell its remaining 5 percent share in Shanghai Krupp Stainless Co Ltd. The option will be exercised and the deal completed within the coming months, subject to regulatory approvals and other customary conditions.

Outokumpu records the divestment in the fourth quarter of 2015 with an estimated value of EUR 62 million. Earlier, in December 2015, Outokumpu completed the divestment of its 55 percent share in SKS. In total Outokumpu has recorded a non-recurring capital gain of EUR 389 million (net of taxes) for the sale of the entire 60% share in SKS in the 2015 financial statements.

In parallel, the Board of Directors of SKS have made a decision to stop the operations of SKS due to ongoing losses and extreme pressure in commodity stainless steel products in China.

Mr Jan Hofmann, Head of Outokumpu APAC and member of the SKS Board of Directors, said “On behalf of the Board of Directors of SKS, I would like to express our sincerest gratitude to the talented and committed employees of SKS. We acknowledge and regret the pain that the end of operations brings.”

Source : Strategic Research Institute

voda 5 februari 2016 20:58

0

Primetals Technologies to supply combination mill for special stainless steel maker Yongxing

To expand into higher grade stainless products, Yongxing Special Stainless Steel Co Ltd, has selected Primetals Technologies for the supply of a new combination bar, bar in coil and wire rod mill in Huzhou, China. The new mill will produce 250,000 tons per year of stainless valve steels, nickel-based alloy steel and several stainless grades, including austenitic, ferritic, dual phase and hardening steels, to satisfy customers seeking special grades for application in the aerospace, energy, medical, automotive and petroleum industries, among others.

The contract scope for the mill includes the provision of a Reversing Sliding Breakdown Mill and 14 Red Ring stand mill train; straight bar equipment, including cooling bed run-in table with brake slide, cooling bed, bar handling with hot saws and optical bar counting, bar bundling and binding system; bar In coil equipment, with pouring reels, coil quenching tanks, and coil handling with Rod Outlet; and rod outlet equipment, including a 680 shear, 10-Stand Morgan Vee No-Twist Mill, 4-Stand Morgan Reducing/Sizing Mill, Morgan Water Boxes, pinch roll, Morgan High Speed Laying Head, 4-Zone Morgan Stelmor Controlled Cooling Conveyor, stepless coil reforming station, vertical stem pallet coil handling system, vertical coil compactor, and an inline annealing furnace for wire rod products in parallel to the Stelmor.

When commissioned in late 2016, the mill will run at 62 tons per hour with a maximum speed of 80 meters per second, producing straight bar with diameters from 30 to 130 mm, bar in coil from 14 to 40 mm, and wire rod from 4.5 to 16 mm.

A top 500 private enterprise in China, Yongxing Special Stainless Steel Co Ltd, specializes in the development and production of special stainless steel rod and wire, mainly used in petrochemical, basic energy, equipment manufacturing and other industrial fields. Located in Huzhou City, Zhejiang Province, it ranks first in the stainless steel bar market and controls more than half the total domestic shipments of duplex stainless steel long products.

Source : Strategic Research Institute

voda 9 februari 2016 16:53

0

Japanese stainless steel scrap imports drop sharply in 2015

Scrap Monster reported that according to latest statistics released by Japan’s Ministry of Finance (MoF), the country’s imports of stainless steel scrap dropped significantly during 2015, when compared with the previous year. The imports during 2015 witnessed sharp drop of 27.6% when compared with the previous year. The stainless steel scrap imports by Japan totaled 89,742 tons in 2015. Japan had imported 124,076 tons of stainless steel scrap during the entire year 2014.

During the month of Dec ’15 alone, the country imported 7,247 tons of stainless steel scrap. The monthly imports in Dec ’15 were down by 17.3% over the previous month. The Japanese stainless steel scrap imports had totaled 8,767 tons during November last year.

The largest exporter stainless steel scrap to Japan in Dec ’15 was South Korea. The exports from South Korea totaled 4,029 tons. The Japanese imports from South Korea dropped marginally by 2.5% when compared with the imports of 4,132 tons during Nov ‘15. In second place was Taiwan with total exports of 1,360 tons. The stainless steel scrap exports from Taiwan plunged heavily by 10.1% month-on-month from 1,512 tons. The imports from South Korea and the US accounted for 56% and 19% respectively of the total imports by the country during December. In third place was the US with 772 tons. The imports from the US plummeted by 57.8% over the previous month.

Source : Scrap Monster

[verwijderd] 10 februari 2016 17:49

0

Luxembourg, 10 February 2016 - Aperam announces its detailed dividend payment schedule for 2016. As announced on 5 November, 2015, Aperam declared its financial policy to maximize the long term growth and sustainability of the company as well as the value accretion for its shareholders while maintaining a strong balance sheet. Subject to shareholders approval at the 2016 annual general meeting of shareholders, Aperam restates a base dividend of $1.25 per share, and anticipated to progressively increase over time as the company continues to improve its sustainable profitability benefiting from its strategic actions. The company targets a Net Financial Debt/EBITDA ratio of <1x (through the cycle). In the (unlikely) event that Net Financial Debt/EBITDA exceeds 1x, the Company will suspend the cash dividend. The dividend will be paid in four equal quarterly installments of $0.3125 (gross) per share.

The dividend payments would occur on a quarterly basis in 2016 on 30 March 2016, 14 June 2016, 12 September 2016 and 12 December 2016, taking into account that the first quarterly dividend payment to be paid on 30 March, 2016 shall be an interim dividend.

Dividends are announced in US dollars. They are paid in US dollars for shares traded in the United States on the over-the-counter market in the form of New York registry shares and paid in Euros for shares listed on the European Stock Exchanges (Netherlands, France, Luxembourg). Dividends to be paid in Euros are converted from US dollars to Euros based on the European Central Bank exchange rate at the date mentioned in the table below.

A Luxembourg withholding tax of 15% is applied on the gross dividend amounts.

Table: Detailed dividend schedule 2016

1st Quarterly

Payment (interim)

2nd Quarterly Payment

[verwijderd] 10 februari 2016 17:50

0

Luxembourg, February 10, 2016 Aperam (referred to as “Aperam” or the “Company”) (Amsterdam, Luxembourg, Paris: APAM and NYRS: APEMY), announced today results for the three month and full year periods ending December 31, 2015

Timoteo Di Maulo, CEO of Aperam, commented:

“In 2015, Aperam has continued to improve its operating performance with the best yearly EBITDA over the last 5 years – excluding gains from electricity surplus. Aperam has also continued to strengthen its balance sheet and reinstated a dividend6. This reinforces further our confidence on the contribution of the Leadership Journey®7 and the Top Line strategy.

Looking ahead, we continue to be cautious given the global economic uncertainty.
However, we are confident in the resilience of Aperam and we remain focused on implementing our self-help strategy.”

Highlights

Health and Safety LTI frequency rate2 of 1.0x in 2015 compared to 1.1x in 2014.
Shipments of 1,886 thousand tonnes in full year 2015, a 4% increase compared to shipments of 1,813 thousand tonnes in full year 2014.
EBITDA3 of USD 501 million in full year 2015, compared to EBITDA of USD 547 million in full year 2014, including gains from electricity surplus of USD 3 million and USD 57 million in 2015 and 2014 respectively.
EBITDA of USD 105 million in Q4 2015, compared to EBITDA of USD 108 million in Q3 2015.
Net income of USD 172 million in full year 2015, compared to net income of USD 95 million in full year 2014.
Basic earnings per share of USD 2.21 in 2015 compared to USD 1.21 in 2014.
Cash flow from operations amounted to USD 392 million in 2015 compared to USD 240 million in 2014.
Net debt4 of USD 316 million on December 31, 2015, representing a gearing5 of 14% compared to a net debt of USD 536 million on December 31, 2014.

Prospects

EBITDA in Q1 2016 is expected to slightly increase compared to EBITDA in Q4 2015.
Net debt to slightly increase in Q1 2016.

voda 11 februari 2016 16:17

0

Outokumpu voorziet geen herstel markten roestvast staal in eerste kwartaal

AMSTERDAM (Dow Jones)--De Finse staalproducent Outokumpu (OUT1V.HE) zei donderdag in het eerste kwartaal geen herstel van de markten voor roestvast staal te voorzien en verwacht dat de lage nikkelprijzen tot uitstel van bestellingen bij klanten zullen blijven leiden.

De staalfabrikant wil winstgevender worden met de hulp van nieuwe kostenbesparingen en verbeteringen van het werkkapitaal, waarover het management in de komende maanden meer informatie naar buiten zal brengen.

Outokumpu boekte in het laatste kwartaal van 2015 een negatief onderliggend bedrijfsresultaat (EBIT) van EUR11 miljoen versus EUR9 miljoen negatief in dezelfde periode een jaar eerder.

De omzet daalde naar EUR1,44 miljard van EUR1,67 miljard.

"Alhoewel Outokumpu inmiddels zijn industriele herstructureringen heeft afgerond en een sterke aanwezigheid in zowel Europa als in Amerika heeft bewerkstelligd, laten de huidige onbevredigende financiele prestaties zien dat deze verbeteringen niet genoeg zijn", zei bestuursvoorzitter Roeland Baan. De Nederlander geeft met ingang van dit jaar leiding aan het concern. "We moeten veerkrachtiger worden met onze operationele prestaties om onze financiele stabiliteit te beschermen tegen externe omstandigheden."

Sectorgenoot Aperam, dat in Amsterdam genoteerd is, maakte een dag eerder nabeurs zijn resultaten over het afgelopen kwartaal bekend, die overeenkomstig de verwachtingen uitkwamen. Aperam zei in het eerste kwartaal een lichte verbetering van de operationele winst (EBITDA) te verwachten ten opzichte van de laatste drie maanden van 2015.

Omstreeks 11.00 uur stijgt Aperam 0,7% tot EUR25,89, terwijl Outokumpu 1,7% wint op EUR2,15.

Outokumpu stelt voor over 2015 geen dividend uit te betalen.

De daling van de nikkelprijzen blijft wegen op de resultaten van roestvast staalproducenten. Nikkel is nodig voor de productie van roestvast staal. Wanneer de prijzen dalen, wordt dit automatisch doorberekend. Klanten nemen daarom een afwachtende houding aan, in anticipatie op verdere dalingen van de nikkelprijs. De gemiddelde nikkelprijs lag in 2015 30% lager dan in 2014. Ook dit jaar zet de daling vooralsnog door, maar sommige marktvorsers verwachten dat de bodem in de eerste helft van dit jaar bereikt wordt.

Door Dow Jones Nieuwsdienst: +31-20-5715200; amsterdam@dowjones.com

Vertraagd	14 feb 2025 17:35
Koers	29,440
Verschil	+0,940 (+3,30%)
Hoog	29,740
Laag	28,540
Volume	315.745
Volume gemiddeld	182.400
Volume gisteren	305.616

11 feb	Von der Leyen verwerpt Amerikaanse im...	2
10 feb	Trump dreigt met importheffingen op s...
09 feb	ArcelorMittal en Aperam weekwinnaars
07 feb	AEX staat voor vlakke opening en bele...	1
07 feb	Aperam haalt eigen outlook
06 feb	Aperam haalt eigen outlook waarschijn...
23 jan	Degroof Petercam verlaagt koersdoel A...	1
09 jan	Deutsche Bank verlaagt koersdoel Aperam
07 jan	Analisten hebben vertrouwen in outloo...
23 dec	Mondiale staalproductie weer licht ge...

Aperam « Terug naar discussie overzicht

Diverse nieuws items

Meedoen aan de discussie?

Direct naar Forum

Detail

Aperam nieuws