Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 95 96 97 98 99 100 101 102 103 104 105 ... 1755 1756 1757 1758 1759 » | Laatste
voda
0
Tokyo Steel's April crude steel produced 195900 tonnes

Tokyo Steel Mfg Company produced a total of 195,900 tonnes of crude steel from its four works in April 2014 down 60,600 tonnes or 23.6% from a month ago.

In the breakdown by works, Tahara accounted for 45,100 tonnes, down 7,500 tonnes from a month ago; Okayama 57,500 tonnes down 17,600 tonnes; Kyushu 66,200 tonnes down 9,900 tonnes and Utsunomiya 27,100 tonnes down 25,600 tonnes.

By comparison, JFE Bars & Shapes Corp produced a total of 240,900 tonnes of crude steel from its six works in April 2014, down 27,700 tonnes or 10.3% from a month ago. As a result, JFE B&S held top place in April crude steel production among domestic electric steelmakers putting out ordinary steel products.

In the breakdown of JFE B&S's April crude steel production by works, Toyohira accounted for 26,500 tonnes up 400 tonnes from a month ago; Sendai 64,100 tonnes down 4,700 tonnes; Kashima 34,700 tonnes down 4,600 tonnes; Misato 25,900 tonnes down 2,100 tonnes; Himeji 37,700 tonnes, down 19,000 tonnes; and Mizushima 52,100 tonnes, up 2,400 tonnes.

Meanwhile, April volumes of crude steel production by other electric steelmakers in the ordinary steel sector were Osaka Steel Co/80,600 tonnes (10,700 tonnes from the Okajima works, 38,600 tonnes from the Sakai works and 31,200 tonnes from the West Japan works); Kyoei Steel Ltd/140,000 tonnes (38,900 tonnes from the Nagoya works, 25,200 tonnes from the Osaka works, 24,200 tonnes from the Hirakata works and 51,700 tonnes from the Yamaguchi works); Godo Steel Ltd/94,700 tonnes (30,700 tonnes from the Funabashi works, 38,700 tonnes from the Osaka works and 25,400 tonnes from the Himeji works); Sanko Seiko Co/24,300 tonnes (from the Hiratsuka works); Jonan Steel Corp/26,800 tonnes (from the Kawaguchi works); and Tokyo Tekko Co/39,500 tonnes (from the Oyama works).

Source - The TEX Report
voda
0
China trims long term iron ore contracts as glut hits market

Reuters reported that Chinese steel mills are cutting back on long term iron ore contracts in favour of cheaper spot cargoes confident that beaten-down prices are unlikely to rebound amid the first global ore surplus in 10 years.

Miners in Australia and Brazil who for years have earned massive profits from China's insatiable demand for iron ore, are ramping up production at a time when steel demand growth is slowing, pushing prices down 28 percent so far this year.

Market talk is swirling that some Chinese mills have cancelled iron ore cargoes, with several traders saying up to 4 million tonnes have been rejected, although this could not be verified by Reuters.

Iron ore demand in China is still near record levels April imports of 83 million tonnes were the second highest ever but miners such as Vale, Rio Tinto and BHP Billiton are boosting production even faster.

Mr Jose Carlos Martins head of Vale's ferrous metals division said that "For the first time in 10 years, supply is greater than demand. At the same time, demand has risen slower than expected."

According to Australia's Bureau of Resources and Energy Economics, Shipments from dominant producers Australia and Brazil are expected to grow by 40% over the four years to 2017, when annual exports will reach 1.27 billion tonnes.

Australian miner BC Iron said that some of its customers have asked for small discounts or more flexible pricing periods but it has not seen any cancellations.

Mr Morgan Ball MD of BC Iron said that "We certainly haven't had any even whispers of that as far as our product goes. Most big steel producers in China such as Baoshan Iron & Steel secure their supply of iron ore via long-term contracts with major Australian and Brazilian miners.”

The cargoes are usually priced based on the average iron ore price index for a particular period, such as the monthly average, so with spot prices falling, it is cheaper for buyers to purchase spot cargoes.

A senior executive at a leading Chinese steelmaker said that the firm has cut the volume of iron ore it buys via long term contracts by about 10% this year, noting that some of its contracts with miners gave it an option to reduce volumes.

A second official who buys iron ore for a mid size steel mill in northern China said that the company was now relying totally on the spot market. We used to go with annual term supply but we have stopped doing it from this year as the market outlook remains weak.

One trader said that six midsize mills in northern China had walked away from contracted iron ore cargoes this month totalling around 4 million tonnes equivalent to more than 20 capesize vessels.

He said that they're rejecting these cargoes because there's too much supply in the market and they're not afraid to do it because they know the miners need them for future shipments.

Source – Reuters
GVteD
0
zo 01 jun 2014, 12:21

Sterkste groei industrie China in 5 maanden


PEKING (AFN) - De bedrijvigheid in de omvangrijke Chinese industrie is in mei in het sterkste tempo toegenomen in 5 maanden. Dat maakte de Chinese overheid zondag bekend.



De inkoopmanagersindex voor de industrie, die de bedrijvigheid weergeeft, noteerde voor mei een stand van 50,8, tegen een niveau van 50,4 in april. Economen hadden in doorsnee op 50,7 gerekend. Een stand van 50 of meer wijst op groei, daaronder op krimp.

Het cijfer kan een teken zijn dat de economische afkoeling in China afzwakt. Ook lijken de maatregelen die de Chinese overheid neemt om de economie te stimuleren effect te hebben. Zo worden grote infrastructurele projecten versneld uitgevoerd en krijgen kleine bedrijven belastingvoordelen.
voda
0
Australian mining costs have rocketed to the highest in the world

Courier Mail reported that Australia was the biggest contributor to a global cost blowout that meant mining industry shareholders took 20% investments hit last year and costs in the Australian mining sector must be slashed by a third just to match the next most expensive overseas market.

According to the results of a global survey by Boston Consulting Group, a combination of soaring costs and falling commodity prices over the past five years has sparked a dramatic reversal of fortune for the world’s 42 biggest miners.

The survey found mining costs at Australian open-cut copper mines more than quadrupled between 2002 and 2012, rising from USD 79¢ per tonne to USD 3.26 per tonne. And as costs rose, shareholder returns began to slide.

Average annual total shareholder returns, which account for share price changes and dividends, plunged 20% across the 42 companies last year. Those same companies’ returns had risen 16% in the previous decade double the returns of the S&P 500 index in the US. The top 10 performers’ returns averaged 35%.

Dr Alexander Koch global leader of BCG’s mining and metals practice said that value creation by miners was flat in the last three years of the decade, and went into reverse last year. Prices for major commodities typically fell by 8% to 10% last year.

He said that “In the decade to 2012, costs grew at an annual average compound rate of 11%. Australia is now at the top of the cost table and would need to slash a third from its cost base to match its next nearest competitor.”

Dr Koch said that mining costs in Australia were leading the destructive trend. Mining costs at copper mines also increased in the US, Canada and Chile, but by between 149% and 256% compared with 312 per cent in Australia.

Source - Couriermail.com
voda
0
Mr Andrew Forrest upbeat on iron ore price

The Australian reported that billionaire miner Mr Andrew Forrest expects the price of Australia’s major export, iron ore to remain strong.

Mr Forrest said that “I’m pretty comfortable with the iron ore price oscillating around the USD 110 (per tonne) mark. It could wander down to USD 80, it could wander up to USD 140. Prices have recently fallen to USD 95.70 per tonne as Australian supply ramps up and China reins in steel overcapacity.”

Mr Forrest made his fortune as the driving force behind iron miner Fortescue Metals Group, which he now chairs, said China was still trying to urbanise an Australia each year.

He said that “The Chinese ability to manage poverty out of its country is unprecedented and their consumption of steel is still running at record rates. A bet against China’s growth was a guaranteed loss.

Source - The Australian
voda
1
Steel scrap imports into China in April

According to data, China’s scrap imports totalled 227,000 tonnes in April, plunging by 59.4% YoY and down by 8.4% from the previous month.

In April, Japan was the largest scrap exporter to China with 204,000 tonnes, falling by 30.1%; the US was the second largest one with 8,000 tonnes dipping by 95.7%; South Korea was the third largest one with 5,000 tonnes, declining by 41.1%, all compared to the figures in a year ago.

During the first four months of this year, the country’s scrap imports totaled 788,000 tonnes, dropping by 57% YoY.

Source - Strategic Research Institute
viermeiden
0
L.s.,

ArcelorMittal 15:15
EUR 11,09 -0,11 (-0,98%)

ArcelorMittal sluit fabriek Luik
Miljardencontract voor ijzererts in Guinee
BRUSSEL (AFN/BLOOMBERG) - ArcelorMittal gaat zijn fabriek bij de Belgische stad Luik sluiten. Het staalconcern liet dinsdag weten geen koper voor de fabriek te hebben gevonden.

De sluiting vindt binnen 4 weken plaats. Daarbij verliezen 240 mensen hun baan.

ArcelorMittal kondigde vorig jaar al een mogelijke sluiting van de activiteiten aan, maar zei toen nog op zoek te gaan naar een mogelijke koper. Nu deze niet is gevonden, valt definitief het doek voor de fabriek.

viermeiden
voda
0
Iron ore prices continue to go down south as miners continue to pump more

As Chinese derivative markets were closed on Monday but iron ore spot and Singapore derivatives did trade with a small bounce after posting major slide on Friday

According to data from the The Steel Index, the import price of 62% iron ore fines at China's Tianjin port was pegged at USD 92.10 per tonne on Monday, up USD 0.30 on the day

Friday Close
Dalian Futures – CNY 680, down by CNY 22 or 3.1% DoD
12M SWAP – USD 92.42 down b USD 2.75 or 2.9% DoD
Spot – USD 91.8 down by USD 3.9 or 4.1% DoD

But, the blip in TSI needs to be viewed with pessimism as we can not expect a sudden rebound in iron ore prices fuelled by restocking by Chinese mills as the steel prices continue to slip with every passing day amid huge overcapacity in China.

On the other hand, we are looking at glut on supply side. Goldman Sachs has predicted that global supplies of iron ore are set to exceed demand by 175 million tonnes next year as the Big 3 Vale, Rio Tinto and BHP continue to increase their capacity.

BHPB is on track at Jimblebar mine to 55 million towards its longer term target of 270 million tonnes per annum

Rio Tinto is ahead of schedule to reach 290 million tonnes per annum and is targeting 360 million tonnes per annum in the longer run

Vale plans to lift its output above 400 million tonnes from the current 300 million tonnes -plus by 2018 as giant projects like S11D in the Carajas complex come on stream.

Anglo American's Minas Rio project in Brazil could add another 26 million tonne before the end of this year

Kumba unit in South Africa return to nameplate capacity of 40 million tonnes plus.

Roy Hill project could pump 55 million tonnes by the end of next year.

Source – Strategic Research Institute
voda
0
ArcelorMittal South Africa looks for a better deal from government

BD Live reported that ArcelorMittal South Africa is lobbying government to include steel as a designated sector to benefit from state procurement in a bid to boost that ailing sector and this is one of the many challenges new CEO Mr Paul O’Flaherty will be tackling when he joins the group in July.

Mr Hans Ludwig Rosenstock of ArcelorMittal said that “The current business environment in South Africa is quite difficult. Demand was affected by the mining strike, a weak manufacturing sector, high imports and customers not stocking up on product. Rising electricity tariffs, low demand growth and an increase in cheap imports had all contributed to the sector’s woes.”

Mr Rosenstock said that “ArcelorMittal was also arguing strongly against government’s proposed carbon tax, which it estimates could cost over R600m a year. What we can’t afford in the steel industry is an additional load on the back.”

In terms of preferential procurement laws, the Department of Trade and Industry can designate specific industries in which tenders should prescribe that only locally manufactured products with a prescribed minimum threshold for local content will be considered.

The aim is to leverage public expenditure to support economic growth, create jobs and lower the country’s trade deficit. The steel sector has been excluded to date, largely due to its history of colluding on prices. The department has been at loggerheads with ArcelorMittal for years over steel pricing and has been looking at ways to regulate developmental prices.

However, the current state of the sector makes it clear that the industry’s heyday of the 2000s are over and that more should be done to help local producers. South Africa has steadily lost global market share over the past two decades, and significant steel making capacity has been lost over the past four years.

Since the global financial crisis in 2008, Cisco Steel has shut operations, Scaw Metals is being kept alive by funding from the state owned Industrial Development Corporation and Amsa has shut its electric arc furnaces in Vanderbijl Park.

Source – Bdlive.co.za

voda
0
Iron ore prices remain under pressure

Iron ore futures in Dalian on Tuesday, after Monday being public holiday, slipped for a fourth straight trading day to their lowest since their October launch while Singapore iron ore futures slid more than 1%.

Iron ore for delivery in September on the Dalian Commodity Exchange touched a contract low of CNY 675 per tonne before regaining some lost ground to close at CNY 682, down 0.4 per cent.

Singapore futures also retreated. Iron ore for July delivery on the Singapore Exchange fell 1.4% to USD 92.28 per tonne

However, according to The Steel Index iron ore for immediate delivery to China was little changed at USD 92.10 a tonne on Monday from Friday's USD 91.80

These numbers suggest that Chinese steel mills are eying cheaper spot cargoes feeling that iron ore prices are unlikely to rebound amid surplus on supply side

Source - Strategic Research Institute
voda
0
Chinese steel futures inching closer to CNU 3000 mark

Chinese steel futures dropped for a fourth session to hit an all time low on Tuesday, reflecting pressure on demand from a weak property sector and hefty supply as markets reopened after a holiday weekend.

The most active rebar for October delivery on the Shanghai Futures Exchange SRBcv1 touched a session low of CNY 3,040 (USD 490) a tonne, the lowest for a most traded contract since the bourse launched the product in March 2009. It closed down 0.4 per cent at CNY 3,057.

Given the risks in the real estate market, traders and end-users are not willing to increase their stocks and this is putting pressure on the mills. These risks had overshadowed recent signs of recovery in China's manufacturing sector.

The growth in China’s housing prices slowed to a near one year low in April, while property investment also lost steam in the first four months of the year as developers feel the pinch from slowing sales and rising borrowing costs.

China’s factory sector turned in its best performance in four months in May as export orders improved although activity still contracted, a private survey showed on Tuesday. A separate government gauge hit a five-month high in May.

Source - Reuters
voda
0
Russia steelmakers to benefit from Gazprom deal with China - Moody's

Reuters reported that Russian steelmakers such as Severstal and MMK will benefit from a landmark 30 year deal for Russia to supply natural gas to China that will require huge construction projects.

Ratings agency Moody's said that the deal, worth more than USD 400 billion, was signed last month, marking a triumph for Russia as it risks losing European gas customers over Moscow's annexation of Ukraine's Crimea peninsula earlier this year.

Russia and China have agreed on USD 25 billion pre payment under the deal, bolstering Moscow's plans to invest USD 55 billion in exploration and pipeline construction to China. The deal entails developing two gas fields and building a 4,000 kilometer pipeline.

The project will require substantial quantities of oil country tubular goods pipes and large diameter pipes. The demand will positively affect TMK, Severstal and MMK.

It warned, however, that even if tendering for the construction projects begins in the third quarter, the prompt positive effect on the companies' near-term order backlogs is unlikely to be enough to affect their ratings.

Under the deal, Russia plans to begin delivering gas from 2018, building up gradually to 38 billion cubic meters a year. The gas will be transported along a new pipeline linking Siberian gas fields to China's main consumption centers near its coast. We estimate that the total project investment will exceed USD 55 billion over 2014 to 2019.

Source – Reuters
voda
0
Australian iron ore producers plans to cuts output

Sydney Morning herald reported that some mining executives have warned that iron ore producers are expected to cut or push back non essential spending until they have clarity about the bottom of the current price fall.

Mr Wayne Bould MD of Grange Resources said that discretionary spending such as training programs, external consulting and equipment upgrades should all be deferred.

Mr Bould said that ''When we see the numbers take a dive as they have and you don't see any clear bottom then a prudent CEO would implement a pretty straightforward plan to curtail any optimistic activity and lock down.'

He said that ''When it levels out and you understand where the bottom is and what that means in terms of costs of production, then we can re evaluate. The trick for us is to protect our free cash flow and the value of our asset, so we are pretty good at belting the cost down on a short term basis, it's not sustainable long term, but you can operate pretty cheap for a while.''

According to Credit Suisse figures for the 2015 year, a USD 10 movement in the iron price translates to a USD 2.1 billion difference to Rio Tinto's bottom line, and USD 1.2 billion for BHP Billiton, which is roughly half as exposed as its rival. When applied to earnings, the Credit Suisse figures show a USD 10 price movement had a 20% impact on Rio and 9% on BHP.

Diversified miners are ramping up iron ore production, while single metal miners continue to add to supply, ultimately leading to oversupply and a further slump in the iron ore price.

Rio breaks even at about USD 44 per tonne, while BHP comes in at USD 55 per tonne. Mount Gibson's cash costs are much higher, at USD 84 per tonne and Atlas's sit at USD 80 per tonne. Fortescue Metals Group breaks even at around USD 70 a tonne. Despite being the first trading session since the iron ore price fell to USD 91.80, shares in several Australian iron ore miners rose on Monday.

Source – SMH.com
voda
0
China steel output continues to rise even as domestic prices fall

Xinhua reported that China's steel output continues to rise and prices of steel products have kept falling, underlining difficulties to ease overcapacity in the sector.

According to data from the National Development and Reform Commission, crude steel production gained 2.7% YoY to reach 271.86 million tonnes in the first four months of the year.

During the January to April period, the steel price index came in at 95.97, down 9.78 percentage points from the same period last year.

Notably, exports jumped 29% YoY to 25.87 million tonnes as producers cut prices to boost trade in the industry that is still reeling from overcapacity. The export prices went down 8.1% YoY to USD 795 per tonne, the lowest level since 2011.

Source - Xinhua
voda
0
Brazilian iron ore exports slide in May

According to the latest figures from foreign trade department Secex, Brazil's iron ore exports generated revenues of USD 2.59 billion in May compared to USD 2.95 billion a year ago.

Brazil shipped 30.685 MT of iron ore abroad last month, 12.9% more than the 27.2 MT in May 2013. However, the average sale price decreased 22.2% to USD 84.50 per tonne from USD 108.60 per tonne. Iron ore has been Brazil's main export since 2000.

Export revenue from flat rolled steel products slipped 63.4% to USD 49.0 million as volumes fell 63.6% to 52,500 tonne. Meanwhile, the average sale price rose 0.9% to USD 932.30 per tonne.

Sales abroad of iron and semi manufactured steel products brought in USD 203mn in the fifth month of the year, a 14.9% decrease YoY as volumes rose 10.2% to 389,800 tonnes and prices fell 22.8% to USD 520.00 per tonne.

Source – Business New Americas.com
voda
0
Spot prices of iron ore drop in China

The spot price of iron ore fines 62% to China has declined again. Current price is being offering at USD 93.67 per tonne on 30th May, decreasing by USD 3.38 per tonne or 3.48% from the previous price. The average price of iron ore was USD 100.65 per tonne in May.

According to the latest statistics by the China Iron and Steel Association, Meanwhile, the China Iron Ore Price Index decreased by 8.73 points or 2.55% week on week to 334.17 points as of May 30th.

Source - www.yieh.com
voda
0
Japan's iron ore imports up in April

Japan imported 11.78 million tonnes of iron ore in April, an increase of 12.5% compared to the same month of last year.

The average price was at USD 129.53 per tonne up by 12.1% compared to the corresponding month a year ago.

The country’s imports of iron ore registered an increase of 4.8% to 44.87 million tonnes in the first four months compared to the same time of last year. Among them, the imports of iron ore from Australia totaled 26.74 million tonnes accounting for 59.6% in total.

Source - www.yieh.com
voda
0
USD 80 iron ore price means a lot of miners will disappear - Rio Tinto

Iron ore is down by more than 30% year to date on expectations of a glut on markets just as demand from China, responsible for two-thirds of the 1.2 billion tonne seaborne trade, cools and stockpiles of imported iron ore at Chinese ports are at record highs above 110 million tonnes

Mr Sam Walsh CEO of Rio Tinto said that “The flood of new supply poses less of a threat to the London headquartered miner than its peers. We are the lowest cost producer in the world with costs of USD 20 per ton compared to the price around USD 92 per tonne, I think we’ll be OK. I don’t think we’re going to go down to USD 80 or else a lot of my friendly competitors are going to disappear.”

Mr Walsh said that “I think that USD 80 is too low, I suspect a level somewhere north of USD 100 is probably more realistic. We are confident with our projections that as we go forward the expansions that we’re making will be justified, they will be required by the world.”

Goldman Sachs has recently predicted that global supplies of iron ore are set to exceed demand by 175 million tonnes next year as top producers Vale, Rio Tinto and BHP Billiton continue to increase capacity,

Source - Mining.com
voda
0
US to impose anti dumping duties on steel wire from China and Mexico

The US trade authority said that the United States will impose anti dumping duties on steel wire from China and Mexico.

The US International Trade Commission said that the US industry is materially injured by imports of prestressed concrete steel rail tie wire (PC tie wire) from China and Mexico that the US Department of Commerce has determined are sold in the United States at less than fair value.

The bipartisan trade panel said that all of the six member commission voted in the affirmative. As a result of the USITC's affirmative determinations, anti dumping duty orders will be issued on imports of this product from China and Mexico.

The Commerce Department launched the investigation last year in response to the petition filed by the Insteel Wire Products Company based in North Carolina and Davis Wire Corporation based in Washington DC, which alleged that exporters and producers in China, Mexico and Thailand sold these products in the US market at lower prices.

Under the department's ruling, Chinese and Mexican producers and exporters that have sold PC tie wire in the US market would have to face anti-dumping duties ranging from 31.40% to 35.31% and 9.99% respectively.

The United States imported an estimated USD 31.1 million worth of PC tie wire from China last year. PC tie wire is a high carbon steel wire suitable for use as prestressed tendons in the construction of railroad ties.

Source - Wantchinatimes.com
voda
0
China iron ore futures bounce off record low as outlook still cautious

Reuters reported that Chinese iron ore futures edged higher as investors took advantage of battered prices to buy the steelmaking raw material, and futures in Singapore rose for a third session.

Iron ore for September delivery on the Dalian Commodity Exchange jumped 1.6% to settle at CNY 691 per tonne. It fell to CNY 675 the lowest for a most traded contract since the Dalian exchange introduced the product in October last year.

At the Singapore Exchange, iron ore for delivery in June rose 1.2% to USD 95.18 per tonne by 0702 GMT and the July contract advanced 1.1% to USD 94.88 both gaining for a third session in a row.

According to Steel Index which compiles the data, iron ore for immediate delivery to China .IO62-CNI=SI rose 0.4% to USD 92.50 per tonne on Tuesday. The raw material fell to USD 91.80 on Friday, its weakest since September 2012, ending May down 13 percent in its sixth straight monthly decline.

An iron ore trader in Tianjin said that mills are purchasing cargoes in small lots because they are not too positive about the future market for steel. A weak housing market in China is dimming the outlook for steel demand in the world's top consumer of the commodity. The growth in China's housing prices slowed to a near one year low in April and property investments have also eased.

The most active October rebar contract on the Shanghai Futures Exchange edged up 0.3% to CNY 3,061 per tonne, after hitting a record low of CNY 3,040 on Tuesday.

Source - Reuters
35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 95 96 97 98 99 100 101 102 103 104 105 ... 1755 1756 1757 1758 1759 » | Laatste
Aantal posts per pagina:  20 50 100 | Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met uw e-mailadres en wachtwoord.

Direct naar Forum

Detail

Vertraagd 6 mrt 2025 17:37
Koers 32,170
Verschil +2,000 (+6,63%)
Hoog 32,180
Laag 30,780
Volume 8.534.283
Volume gemiddeld 2.979.892
Volume gisteren 9.002.030

EU stocks, real time, by Cboe Europe Ltd.; Other, Euronext & US stocks by NYSE & Cboe BZX Exchange, 15 min. delayed
#/^ Index indications calculated real time, zie disclaimer, streaming powered by: Infront