Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 129 130 131 132 133 134 135 136 137 138 139 ... 1755 1756 1757 1758 1759 » | Laatste
voda
0
Ukraine's iron ore exports total USD 2.38 billion in Jan-Aug

According to Ukraine's Ministry of Revenue and Duties, In August this year, exports of iron ore from Ukraine amounted to USD 246.369 million, while the value of Ukraine's iron ore imports totaled USD 11.762 million.

The main importer of iron ore from Ukraine in August was China which purchased USD 116.525 million worth of the raw material from Ukraine in the given month.

In the January to August period of this year, the value of Ukraine's iron ore exports amounted to USD 2.376 billion, while the value of Ukraine's iron ore imports totaled USD 192.786 million.

Source -Visit www.steelorbis.com for more
[verwijderd]
0
Wat zijn jullie koersdoelen voor eind nov, er valt een prijs te verdienen in deze competitie
voda
0
Germany's crude steel production reduces in Sep

According to data released by the Germany industry association WV Stahl, the country’s crude steel output totaled 3.51 million tonnes in September, down by 3% YoY.

In August, Germany’s output of steel flat products totaled 2.67 million tonnes, decreasing by 1.9% YoY.

In the first nine months of this year, the country’s crude steel output amounted to 32.55 million tonnes rising by 2.5% YoY.

Source - www.yieh.com
mvliex 1
0
Topman China vertrekt bij ArcelorMittal

Gepubliceerd op 28 okt 2014 om 09:02
LUXEMBURG (AFN) - Sudhir Maheshwari, die bij ArcelorMittal onder meer verantwoordelijk is voor de landen China en India, fusies, overnames en desinvesteringen, treedt per 31 maart 2015 af. Dat maakte het staalconcern dinsdag bekend.

Maheshwari zat sinds 2008 in het bestuur van ArcelorMittal en heeft een loopbaan van 26 jaar bij het bedrijf. De topbestuurder wil andere carrièremogelijkheden gaan nastreven. Zijn werkzaamheden zullen worden verdeeld onder hoge managers van ArcelorMittal die aan andere bestuursleden zullen rapporteren.
voda
0
Aperam benoemt nieuwe topfuncties

AMSTERDAM (Dow Jones)--Aperam (056997440.LU) kondigt dinsdag de benoeming van verschillende leiderschapsfuncties aan bij de producent van roestvast staal.

Bernard Hallemans is benoemd tot chief technical officer, Johanna Van Sevenant wordt de nieuwe chief executive officer bij Services & Solutions en Nicolas Changeur gaat aan de slag als chief marketing officer bij Stainless & Electrical Steel.

Philippe Darmayan blijft zoals eerder gemeld chief executive officer tot 31 december 2014 en gaat dan met pensioen. Daarna neemt Timoteo Di Maulo de topfunctie over.

Door Ben Zwirs; Dow Jones Newswires; +31 20 571 52 00; ben.zwirs@wsj.com


voda
0
Siemens to supply bar rolling line to SLR Metaliks for new steel plant near Hospet

SLR Metaliks Limited, an Indian pig iron producer, has awarded Siemens Metals Technologies an order to supply a state of the art bar rolling mill for its new steel plant near Hospet.

The rolling mill will be designed for an annual production of 320,000 tonnes of rebars and special bar quality (SBQ) grades, primarily for the automotive industry.

The plant is scheduled to be brought into operation in the H1 of 2016.

Bars with smaller diameters will be rolled in multi-slit mode. The new steel plant in Hospet is a value-addition project within the expansion plan of SLR Metaliks Limite. The bars will be produced to serve both national and international markets.

Siemens will supply the complete process equipment for the new bar rolling mill, including the billet infeed with a hot charging option, the descaling, and the handling of the finished bars. The actual rolling line will consist of a roughing mill and an intermediate mill, each with six Red Ring stands in an HV arrangement, and a finishing mill with six Red Ring stands in an HVC arrangement. This will be followed downstream by a three-stand sizing mill with CGA stands in an HVH arrangement. An inline system will be used for thermo-mechanically rolling the SBQ bars, as well as for quenching and tempering the rebars. The quality of the rolled bars will be controlled by measuring inline the dimensions and profiles with non-contact, laser- based Orbis measuring systems while the mill is running.

A hot dividing and crop shear will be installed between the rolling mill and the cooling bed. Downstream of the cooling bed, another dividing shear will cut the rolled bars to length. This will be followed by automatic bundling, wire-tying and weighing machines. The maximum bundle weight will be five metric tons. The scope of delivery also includes the rolling guides and the fluid systems. Siemens will also supply the low-voltage transformers, motors, drives, mechatronic packages and measuring instruments, as well as the basic L1 automation, including the operator consoles, and the HMI system. Siemens is responsible for the design of the equipment supplied, the entire process planning of the bar rolling mill, and for the customer training. It will also assist the customer with the construction, start-up and commissioning of the plant.

The bar rolling mill will be fed with six-meter billets of carbon and quality steels with a square cross-section of 130 x 130 or 160 x 160 millimeters, and process them to produce rebars with diameters ranging from 8 to 32 millimeters, and SBQ rounds with diameters from 16 to 63 millimeters. The operators will also have the option of producing bars with square and hexagonal cross-sections.

Source – Strategic Research Institute
voda
0
Steel prices to remain under pressure in coming winter season

With October coming to an end, winter is setting in as snowing has already started at many places in some parts of the world. Winter is traditionally regarded as sluggish period for steel mills due to slow down in activity and long Christmas holidays leading to substantial reduction in steel demand in many parts of the world.

The global steel market is at cross road with unprecedented slow down in Chinese steel sector and all are worried about the health of steel sector in coming months. While hope of recovery in prices is quite remote, the question is that have the steel prices touched the bottom or they will go down further?

Analysis of current FOB levels, costing and domestic price realization in China is throwing up some interesting numbers pointing to continued weakness in prices in coming months
voda
0
Chinese steel consumption expected to peak in around 2015 instead of 2018 - Expert

Some institutions had earlier expected China’ steel consumption peak to come in around 2018, but expectations have changed with the accelerating pace of transformation in Chinese economy.

Mr Zhong Shaoliang, chief representative in Beijing Office of the World Steel Association, said that China's steel consumption is expected to peak in around 2015 amid economic transformation in the country.

Mr Zhong said that "Some consider the drop to be short term, but we tend to believe that it might be a trend given the current situation at home and abroad. China's steel demand growth will slow down significantly and even stagnate just in two years' time."

Chinese economy has entered a new normal state, shifting from high speed to mid to high speed growth, which will directly drag down steel consumption growth in the country. New normal also means that China will shift from investment-driven to consumption oriented economic development, while 50% of steel demand is related to investment and construction activity.

According to worldsteel data, crude steel production of China reached 779 million tonnes in 2013, ranking first. Data showed China's crude steel production rose 2.6% YoY to 550 million tonnes in the first eight months of this year. However, apparent consumption only hit 500 million tonnes after deducting net export volume, down 0.3% from a year ago, the first decline since 2000.

China's steel capacity has exceeded 1.1 billion tonnes and excess capacity will further aggravate in the future amid decelerating demand growth, which will be a stern test for Chinese steel mills.

Source - www.steelhome.cn/en
China steel information centre and industry database
voda
0
Chinese demand for steel cooling down- BlueScope CEO

Mr Paul O'Malley CEO of BlueScope Steel said that the days of high growth in Chinese steel demand are over

Mr O'Malley said that "What we're seeing on the ground is a significant reduction in confidence domestically within China as it pertains to building and construction, which is where a lot of steel goes. Yes there is still growth but the hey day is over. It may well return, but at the moment the hey day is over."

Mr O'Malley said that "I've been saying for a couple of years that I think China has reached peak steel intensity. As a global trend we are seeing customers that were building in China are now building in the United States. They are going back to the market that's got better growth, lower energy costs and better opportunities."

The BlueScope boss believes China is going through a stabilisation process, saying the incentive for Chinese steel managers to incrementally increase production and employment has given way to a focus on cutting pollution and boosting profitability.

Mr O'Malley said that "We do have a lot of people who used to work in BHP Minerals in our business and their comment is: 'the miners will ultimately always over do it'. I think that's playing out. Australia may despatch more tonnes of iron ore but I think the absolute steel growth rate in China is going to slow dramatically."

He said that “The combination of cheap energy, flexible labour rules that allow rapid hiring and firing and significantly improved budget positions at state level are fuelling growth in the world's biggest economy. You'd have to work really hard to stop the US growing at the moment. I don't think even the politicians can stuff it up to be frank.”

BlueScope is one of Australia's biggest manufacturers. The steel giant operates in 17 countries and employs more than 16,000 people, including around 2500 in China. It is the biggest global supplier of engineered building solutions to industrial and commercial markets.

Source – SMH
voda
0
Iron ore under pressure as traders struggle to sell cargoes

Reuters reported that iron ore futures in China and Singapore slipped as traders struggled to sell cargoes in a market hurting from a glut in supply.

Iron ore for delivery in May on the Dalian Commodity Exchange had dropped 0.2% to CNY 527 per tonne by 0326 GMT. The December iron ore contract on the Singapore Exchange fell 0.8% to USD 79.21 per tonne.

A Shanghai-based iron ore trader said that it's been difficult to conclude some deals because of the recent volatility in the market. The trader said that "If the market goes up too quickly you worry whether the seller is going to perform on the deal. But if the price drops you worry whether the buyer would walk away. That's why we just want to get our hands on their LC (letter of credit) as soon as we can.”

Source – Reuters
voda
0
Italy PM Renzi meets workers from loss making steel plant

Mr Matteo Renzi PM of Italy met workers from German industrial group ThyssenKrupp's Italian stainless steel plant, where 550 jobs are due to be cut.

A day earlier an estimated 1 million people attended a rally in Rome to protest against Mr Renzi's labour reform plans, which aim to make hiring and firing easier. Around 70 workers from the loss making Acciai Speciali Terni plant in central Italy demonstrated outside a meeting in Florence where Mr Renzi met with five workers.

ThyssenKrupp, which is trying to sell AST and get out of the stainless steel business, said in early October it had started procedures to cut the jobs after talks between labour unions and the company broke down.

A representative for the workers, who have been on strike to persuade ThyssenKrupp to change its industrial plan, said Mr Renzi undertook personally on Sunday to help reach a solution quickly.

A union representative said that "The unions and the workers are ready to make sacrifices, but these need to be repaid with an industrial plan that ensures continued production at the plant."

Source – Reuters
voda
0
Anglo American ships first iron ore from Minas-Rio in Brazil

Bloomberg reported that Anglo American Plc delivered the first iron ore on ship from its Minas Rio project in Brazil.

London based Anglo American said that the first cargo of more than 80,000 tonnes of the steel making mineral was loaded at the port of Acu in Rio de Janeiro state and the vessel is en route to customers in China.

Mr Paulo Castellari, CEO of Anglo American’s iron ore-unit in Brazil said that “The project will ramp up to its capacity of 26.5 million tonnes per year over the next 18 to 20 months.”

Mr Mark Cutifani CEO of Anglo American said that “We believe that the outlook for our particular premium product remains attractive, despite the current weakness in the iron-ore price.”

Source – Bloomberg
voda
0
Glencore unit slows USD 900 million African iron ore project

Bloomberg reported that Sphere Minerals Limited, controlled by Glencore Plc, slowed plans to develop USD 900 million iron ore mine in Africa after prices of the steelmaking material plunged.

The board is reviewing the Askaf project in Mauritania, Sphere said that, after approving development in April. Askaf North had been expected to begin output in early 2017 and is forecast to yield about 7.5 million tonnes a year once developed.

Mr Matthew Conroy, company secretary of Sphere, said that “Taking into account the time involved in this review it is currently expected that the start of production will be delayed. Sphere is 88% owned by Glencore’s Sidero Pty.

Iron ore has declined 40% this year as the largest producers, including Vale SA and Rio Tinto Group, increase low cost output from Australia and Brazil, adding to a global glut. Global seaborne output will exceed demand by 26 million tons this year and 41 million tons in 2015.

Source – Bloomberg
voda
0
Aurizon would not defy gravity on iron ore

AAP reported that rail company Aurizon has spent more than AUD 200 million on the West Pilbara iron ore project but says it won't proceed unless the mine's economics stack up.

Australia's largest rail freight operator joined China's Baosteel in AUD 1.4 billion takeover of Aquila Resources in June to get a greater foothold in the Pilbara iron ore market. But since it first made a bid in May, the iron ore price has tanked, falling from above USD 105 per tonne to below USD 80.

The fall has prompted questions about the wisdom of the Aurizon's investment in a currently over-supplied iron ore market.

Mr Lance Hockridge CEO of Aurizon sought to reassure investors on Monday, describing the project as a sound and exciting opportunity and said that ee are not trying to defy gravity and it will only be in circumstances where the fundamentals of this project stack up that we would make the commitment to go ahead.

, Mr Hockridge said that those fundamentals include operational, end market, product demand, cost and return on investment targets. A final investment decision is likely be made in late 2015 or early 2016.

Source – AAP
voda
0
Cliffs turnaround plan derailed by iron ore at 5 year low

Bloomberg reported that activist investor Casablanca Capital LLC’s plan to revive the fortunes of the largest iron ore producer in the US is crumbling as the price of the commodity drops to a five year low.

Casablanca went public in January with demands for Cliffs Natural Resources Inc to spin off or sell foreign mines and return more cash to investors. Casablanca won a proxy contest in July with the election of its slate of directors on the Cliffs board, one of whom was appointed chief executive officer.

Analysts at Citigroup Inc and Nomura Holdings Inc said that with the iron ore market now in a worse state than it was at the start of the year, Cliffs may struggle to sell mines for a satisfactory price. Instead of raising its dividend, the Cleveland-based miner may have to eliminate the payout entirely.

Mr Lourenco Goncalves Chairman and CEO of Casablanca Capital said that “A higher dividend was something Casablanca promised before I joined. I’m not Casablanca.”

Source - Bloomberg
voda
0
Latin America's steel product imports from China surge by 54pct in Jan-Aug

According to data released by Latin America Steel Institute (Alacero), China’s steel exports to Latin America totaled 5.4 million tonnes in the first eight months, soaring by 54% YoY.

In the given period of time, Brazil was the largest importer of the Chinese steel products in Latin American region with an increase of 25% on the yearly basis. Meanwhile, Chile was the second largest one with an rise of 15% YoY.

Source - www.yieh.com
voda
0
ArcelorMittal reorganiseert in Noord-Amerika

WOENSDAG 29 OKTOBER 2014, 11:22 uur | 2227 keer gelezen

LUXEMBURG (AFN) - Staalconcern ArcelorMittal kondigde woensdag ingrepen aan die moeten leiden tot een betere prestatie in Noord-Amerika, dat goed is voor een kwart van de afzet en de winst.
ArcelorMittal richt zich naast een operationele verbetering op een versnelde integratie van de samen met Nippon Steel van ThyssenKrupp overgenomen staalfabriek in Calvert, Alabama.

Om de doelen te bewerkstelligen tuigt het staalconcern in Noord-Amerika een onderdeel op dat zich gaat toeleggen op gewalste producten. Dit onderdeel komt onder leiding te staan van Jim Baske, die tot nu toe topman was van het Canadese ArcelorMittal Dofasco. Daar schuift de huidige tweede man, Sean Donnelly, een plaatsje op naar boven.

voda
0
Mr Sudhir Maheshwari to leave ArcelorMittal

ArcelorMittal announces that Mr Sudhir Maheshwari, member of the Group Management Board, with responsibility for corporate finance; mergers, acquisitions and divestments; risk management; and India and China, is leaving the company to pursue other opportunities effective 31st March 2015.

Mr Sudhir first joined the company in 1989 in Trinidad & Tobago. He held various finance positions in Hamburg, Dusseldorf and Luxembourg before moving to London in 2000 to join the company’s M&A and corporate finance functions. Following the merger with ISG Group to create Mittal Steel, Mr Sudhir was appointed EVP Finance and M&A. After the merger to create ArcelorMittal he became a member of the management committee, before being appointed to the Group Management Board in 2008.

Mr Lakshmi Mittal chairman and CEO of ArcelorMittal said that “Mr Sudhir has been an exceptional colleague for twenty six years, playing a very important role in the company in various responsibilities. I am very sad that he is leaving us, but respect his decision to pursue personal ambitions and wish him every success for the future.”

Mr Aditya Mittal, CFO and CEO of ArcelorMittal Europe, said “I would like to thank Sudhir for his loyalty, commitment and performance over the years. He has worked very closely with me on numerous mergers, acquisitions and financings including the initial IPO in 1997 and the merger with Arcelor to create ArcelorMittal in 2006. He is a highly respected and valued colleague and will be much missed.”

Mr Sudhir said that “It has been an incredible 26. When I joined the company in Trinidad I could not have imagined the subsequent journey we would take. It has been a privilege and great experience to have been part of the story and I would like to thank Mr Mittal, Mr Aditya and all my colleagues for giving me this opportunity. It has not been an easy decision to leave, but I will continue to follow the company with great interest and am sure it will continue to go from strength to strength.”

Source – Strategic Research Institute
voda
0
JSW Steel plans to rise 6 million tonnes capacity at Bellary plan

PTI reported that JSW Steel plans to raise capacity at its Bellary plant by 60% to 16 million tonnes a year at an estimated investment INR 30,000 crore that will make the unit the largest single-location steel facility.

Sources in the know said that the proposal to raise the capacity from 10 million tonne per annum now was put up by JSW earlier the month to the Steel Ministry which has forwarded to Environment and Forest counterpart for its approval.

The capacity addition plan is in line with JSW Steel’s overall target of achieving a portfolio of 40 million tonne per annum by 2025 which in turn would help the steel maker to retain its market share of 13% to 14%.

JSW Steel has 14.3 million tonne per annum installed capacity spread across Karnataka, Maharashtra and Tamil Nadu.

Source – PTI
voda
0
JSPL to invest USD 2 billion in Shahdeed Iron and Steel in Oman

It is reported that JSPL plans to double steel aking capacity at its wholly owned subsidiary Shahdeed Iron and Steel in Oman at an estimated investment of around USD 2 billion.

Mr Ravi Uppal, MD & group CEO of JSPL said that “We are currently doing a feasibility study for adding a 2.5 million tonne per annum blast furnace, which would double our capacity in Shahdeed. We will also build a coke oven plant at the plant. The estimated investment for the expansion project should be around USD 2 billion.”

Mr Uppal said that the timeline for the expansion is not yet set as the company is still doing the feasibility study of the project.

He said that “The Oman Government is very co-operative in terms of giving the approvals. Once we are ready at our end, it should not take much time to go ahead with the project.”

Jindal Shadeed's CEO Mr Naushad Ansari said environmental clearance for the proposed expansion of the plant was likely to come in next 8-9 months and after that the company would start placing orders with the hope of completing the expansion by end of 2017 or early 2018. He said "We have sufficient land for moving ahead with the plant expansion and raw material is not an issue at all there.”

JSPL had bought Shadeed Iron and Steel LLC (Jindal Shadeed) in July 2010 from Abu-Dhabi's Al Ghaith Holdings for about USD 500 million. The capacity of the plant, third largest in the Middle East, now stands at 2 million tonnes per annum. It is now producing billets and rounds at the Oman facility and on course to set up 1. million tonnes per annum rebar mill, which was expected to be commissioned by September-October next year.

Source – Business Line and Business Standard
35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 129 130 131 132 133 134 135 136 137 138 139 ... 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 0,000 (0,00%)
Hoog 32,180
Laag 30,780
Volume 8.534.283
Volume gemiddeld 2.979.892
Volume gisteren 8.534.283

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