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35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 165 166 167 168 169 170 171 172 173 174 175 ... 1755 1756 1757 1758 1759 » | Laatste
voda
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SAIL propose to set up integrated steel plant in Iran

The Indian Express reported that marking the first major investment by India in Iran, state run SAIL has proposed to set up a nearly 2 million tonne integrated steel plant in the country at an estimated cost of INR 10,000 crore.

For the greenfield venture, the steel manufacturer has asked the Iranian government to provide 500 hectares of land near the country's Bandar Abbas port and another 500 hectares of contiguous land for future expansions.

To make the project a viable one, SAIL has sought captive access to iron ore, limestone and dolomite from Iran. Allaying apprehensions on availability of raw material resources, Mr Ansari said that his country has iron ore reserves worth 2.5 billion tonnes and is keen to explore natural resources jointly with India.

According to a steel ministry note, “SAIL has suggested that natural gas should be made available at the proposed plant boundary along with necessary rail and road linkages to ferry steel making inputs to the plant.”

The proposal by SAIL, in the form of a concept note, suggests that a corridor should be set up for laying of pipeline for de-salination plant. The ministry is keen that a joint working group should be set up comprising the PSU and an Iranian nodal agency to explore feasibility in this regard.

The proposal had come up for discussion during a meeting between steel minister Mr Narendra Singh Tomar and Iranian envoy Mr Gholamreza Ansari late last month.

Iran has also expressed its readiness in offering a site near its Chabahar port, which can also be used to transport iron ore if a consortium led by SAIL explores iron ore from the Hajigak mines in Afghanistan. The consortium, Afghan Iron and Steel Company (AFISCO) - led by SAIL - has bagged the bids for exploring three iron ore deposits in Hajigak in 2011, which has an estimated reserve of 1.8 billion tonnes of high grade ore.

SAIL, along with STC, had bagged an export contract of 1,00,000 tonne of rails to Iran Railways in October last year. Iran has been conveyed that the first shipment of 20,000 tonne of rails will be delivered by July and the balance will be undertaken every two months of equal amount of rails.

According to the note, “But the credit line to cover rail exports transaction, which is under finalisation, needs to be expedited by Iran. There is a need to create a mechanism so that private buyers of Iran can import materials through government agencies like STC in India.”

Currently state-run UCO Bank facilitates transactions with Iran, which are only oil related. But Iran wants India to allow opening of accounts in different banks for better non-oil trade between the two countries, according to a government official.

Source – Indian Express
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Argentina crude steel production up by 2.9pct in Dec'14 - CAA

Local steel chamber CAA said that Argentina's crude steel output rose 2.9% YoY in December to 446,200 tonne. But on a MoM basis, production was down 3.3% from 461,300 tonne in November.

For full-year 2014, the country's crude steel production was 5.49 million tonne, up 5.8%.

Iron ore production in December was 397,500 tonne, down 0.3% YoY but up 3% sequentially. Production for the whole of the year was up 7.7% to 4.43 million tonne.

Cold-rolled flat steel production totaled 114,500 tonne, down 0.4% YoY and 14.3% MoM in December. For the full year, output was down 8.0% to 1.39 million tonne.

Hot-rolled flat steel production in December reached 421,300 tonne, up 3.9% YoY but down 1.1% from November. Production in 2014 was down 3% to 4.99 million tonne.

Source – BN Americas
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The future of steel in the automotive industry - SMDI

The auto industry's quest for improved fuel efficiency has focused considerable attention on “new” materials such as aluminum, plastic and magnesium. What does that mean for steel, the backbone of vehicle construction for a century? Steelmakers welcome the closer examination of options. They are very confident that their continuing flow of new and stronger steels will maintain the material's 60% share of materials used in cars for many years to come.

Mr Lawrence W Kavanagh, president of the Steel Market Development Institute in Washington, DC, declares “We're working hard and fast.” He predicts that steels currently being designed into vehicles due in 2018-2020 will reassert the superiority of such materials in terms of value and performance.

Q - What does the Steel Market Development Institute do?

A - We're a business unit of the American Iron and Steel
Institute, which dates back to 1855. We develop and demon-strate new materials and applications that provide better value than competing materials in steel's major markets such as automotive, construction and packaging.

Q - How is the steel industry responding to alternatives such as aluminum?

A - Fuel economy standards are forcing carmakers to evaluate all materials that can help them reduce vehicle weight, and that includes steel. Today's steels are three to five times stronger than aluminum and also stronger than steels available a decade ago. The “toolbox” of steels available today is bigger, and it is expanding at a faster rate than ever before. The auto industry's push for fuel efficiency demands lighter, stronger and more formable materials. The steel industry can deliver all three at higher value than alternatives. Yes, high-strength steels weld and form differently, so adjustments in the production process are necessary. But they don't require wholesale changes.

Q - How much farther can steel go in helping carmakers lightweight their vehicles?

A - We can go much further. This process won't stop. It's a big commitment, but it's our business to innovate. When the White House finalized new fuel economy standards for 2025, we were already working on advanced high-strength steels for a decade. The new rules only accelerated our effort. It's important to remember that cars don't get fundamentally redesigned every year. Big changes come only when there's a major platform redesign. That's when the big innovations in design, materials and powertrain occur. The auto industry's level of adoption of advanced high-strength steels is at only 40%-50% today, meaning that much of a vehicle's structure and body panels are still made with more conventional steels. There's significantly more lightweighting to be gained simply by expanding the use of currently available steels. We're working with carmakers to show them the kinds of next-generation steels we're developing so they can plan for them now.

Q - How can you be sure about continuous improvement in steel?

A - There are two ways to impact the properties of steel: processing and chemistry. You can look at the recipe of the material and how you mix, heat and cool it to produce steel. In the 1970s, you'd have to experiment in a bricks and mortar research facility and eventually on your production mill. As our industry rapidly adopted process automation, we were able to much more closely manage and control the entire production process. Since then, computers have become vastly more powerful. Just as carmakers routinely use computer-based crash modeling to assess vehicle and material dynamics, we simulate the effects of changes in chemistry and processing through computational fluid dynamics and other modeling. We can evaluate many more options in significantly less time, and we can pick promising options much more accurately. In short, we can work on new materials with high confidence in the result. Steel plants apply the most sophisticated process controls in the manufacturing sector.

Source – AISI
voda
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US raw steel production update for Week 03 of 2015

In the week ending January 17th 2015, domestic raw steel production was 1,806,000 net tonne while the capability utilization rate was 75.1%. Production was 1,824,000 net tonne in the week ending January 17, 2014, while the capability utilization then was 75.8%.

The current week production represents a 1.0% decrease from the same period in the previous year. Production for the week ending January 17, 2015 is down 4.9% from the previous week ending January 10th 2015 when production was 1,899,000 net tonne and the rate of capability utilization was 79.0%.

Adjusted YoY production through January 17th 2015 was 4,501,000 net tonne, at a capability utilization rate of 77.1%. That is up 1.6% from the 4,430,000 net tonne during the same period last year, when the capability utilization rate was 75.8%.

Broken down by districts, here's production for the week ending January 17th 2015 in thousands of net tonne:
North East: 218
Great Lakes: 650
Midwest: 236
Southern: 607
Western: 95

Source - AISI
voda
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Iranian crude steel output up by 6pct during March-Dec'14

Tehran Times reported that Iran produced 12.633 million tonne of crude steel in the first nine months of the current Iranian calendar year (March 21-December 21, 2014), a 6% rise compared to the same period last year.

According to Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), the country produced 11.906 million tonne of crude steel in the first nine months of the previous Iranian year.

Iran's crude steel output hit 15.64 million tonne in Iranian calendar year 1392 (March 2013-March 2014), a 9% rise compared to the year before.

According to officials, the output is projected to increase to 55 million tonne by the end of the Fifth Five-Year Development Plan (2010-2015).

Source – Tehran Times
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Japanese steel mills to revise GO sheet prices from H1 FY 2015 - TEX

The Japanese blast furnace mills seem to confirm their resolve to revise domestic prices of grain-oriented (GO) electrical steel sheets to high grades from the H1 of the fiscal year of 2015. Domestic prices of GO sheets have continued to fall since 2010, and an increase in prices is expected to be for the first time in 5 years.

Prices of GO electrical sheets dropped sharply a year later after the Lehman's fall. Export prices of them nose-dived by nearly USD 1,000 in 2013. The range of a domestic price fall was narrower than that of an export price, and accordingly, the domestic prices exceeded the export ones.

However, in 2014, the balance of supply and demand of GO electrical sheets changed worldwide and was tightened. It is because low-efficiency electronic products have been restricted worldwide and accordingly, demand for high-grade electrical sheets with a thinner thickness has increased drastically.

Steel mills to be able to supply stably such thinner thickness sheets are limited to 4 of 2 Japanese mills (Nippon Steel & Sumitomo Metal and JFE Steel), Korea's POSCO and China's Baoshan Iron & Steel (Baosteel), and in addition, as the production efficiency of thinner thickness sheets falls, supply of them also decreases. For this reason, the balance of supply and demand in the international market is in a state to be tightened further this year.

As a result of the tightened supply and demand, the international market prices of high-grade sheets have risen by more than USD 750 in total in various parts of the world since the quarter of April-June last year when the market recovery got into full swing. Negotiations for Europe were recently settled at an increase in prices cumulatively by USD 400 to USD 500.

In China, Baosteel raised its prices of GO electrical sheets by CNY 300 to CNY 500 for February shipment as well as reported separately.

As a result, the company raised its prices for 9 months in a row cumulatively by USD 750 in dollar volume. And, it is reported that as production quantity of that company is limited, it is often the case from customers to be unable to get them.

So, customers are obliged to buy them from distributors at high prices by more than USD 200.

In addition that prices of GO electrical sheets for overseas are drastically rising like this and prices are substantially improved, as the yen is depreciating, the price difference of home and overseas is in a state to be largely reversed. The Japanese blast furnace mills intend also to raise their export prices further this year. In light of this, they are likely to confirm their resolve to request an increase in prices and ask customers to understand the situation in their domestic negotiations for the 1st half of the fiscal 2015.

Source - TEX
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Canada threatens to block Alaska ferry project over US steel

The Associated Press reported that the Canadian government has issued an order that would block the state of Alaska from updating a ferry terminal unless the two sides resolve an ongoing dispute over the use of US steel in the project.

The project is on Canadian soil that's leased by the state. The port at Prince Rupert is part of the Alaska Marine Highway System.

Most of the funding for construction is expected to come from the Federal Highway Administration, which has "Buy America" requirements for steel, iron and manufactured products used in projects it funds.

Canada's minister of international trade, Ed Fast, said that the application of "Buy America" provisions on Canadian soil is an "affront to Canadian sovereignty."

Source - The Associated Press
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Chinese and Nigerian firms to cooperate on reviving steel plant - Mr Huang

Mr Huang Quanli chairman of Henan Taihang Quanli Heavy Industry Group said that a consortium of Chinese and Nigerian firms was to revamp the Ajaokuta Steel Plant in central Nigeria with projected annual production of 2 million tonne of steel within the first two years of takeover.

Mr Huang said that a consortium, made up of Total Steel Ltd of Nigeria and Henan Taihang Quanli Heavy Industry Group, was formed to take over and deliver quick results in steel production in the long suspended plant.

He said that "We have visited the Ajaokuta Plant and we are impressed with the condition of equipment, which has been well preserved over the 30 years of non-productivity, adding Ajaokuta Steel Plant has met all the required standards of a steel plant but "regrettably the plant is wasting due to non-completion."

He added that "If given the chance to invest in the plant, we promise that within a few years, Nigeria will become self-reliant and export all sorts of steel products to neighboring countries."

Mr Huang said that revamping the company would enhance Nigeria's new automotive and industrialization policies.

Mr Hussaini Abdulrahman chairman of Total Steel Nigeria said that the company had vast experience in steel manufacturing spanning 30 years.

Mr Abdulrahman said that it currently owned a steel plant and a substantial upstream coal and iron ore resources all within a 50 km radius of Ajaokuta Steel Plant.

He said that the project would not only reduce importation of steel but generate employment and skills acquisition in the country through the exploration and mining of coal, iron ore and limestone.

Source – Xinhua
max21
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las net een stuk in het FD dat AM en Ahold mogelijk bovengemiddeld gaan profiteren van de QE
voda
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quote:

max21 schreef op 21 januari 2015 20:56:

fd.nl/ondernemen/1089515/kwantitatiev...
Dat is het grote probleem met die FD artikelen, waarvoor je een abo nodig hebt..

Je mag die artikelen niet plaatsen, ik kan het wel, maar dat kost mij de nek. (door de IEX). Daar heb ik in het verleden wel mijn lesje over geleerd.
max21
0
quote:

voda schreef op 21 januari 2015 21:04:

[...]
Dat is het grote probleem met die FD artikelen, waarvoor je een abo nodig hebt..

Je mag die artikelen niet plaatsen, ik kan het wel, maar dat kost mij de nek. (door de IEX). Daar heb ik in het verleden wel mijn lesje over geleerd.
Ha voda,

Mee eens, ik heb ook een abbo en plaats ze ook bewust niet maar het is toch leuk te weten voor degene die het niet hebben dat het goed nieuws is.
Het zou leuk zijn als er betere tijden in het verschiet liggen, afwachten maar.

Groeten,
Max

marcel13
1
'Vooral cyclisch aandeel profiteert van QE'
22 januari 2015, 10:04
Roger Cohen
Vooral cyclische bedrijven als ArcelorMittal en Ahold zullen het goed doen op de beurs als de Europese Centrale Bank vandaag start met het opkopen van staatsobligaties. Dat stellen analisten van UBS.

De UBS-analisten concluderen dit op basis van onderzoek naar negen vergelijkbare monetaire verruimingsoperaties, ofwel quantitative easing (QE), door centrale banken in Japan, de Verenigde Staten en het Verenigd Koninkrijk
voda
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POSCO and SAIL may set up integrated plant in Jharkhand - Report

Indian Express reported that South Korean steel major POSCO and state run SAIL would jointly set up a 3 million tonne integrated plant in Jharkhand with an estimated investment of about INR 18,000 crore.

Mr Kwon Oh-Joon POSCO's global CEO, India CMD Mr Gee Woong Sung and South Korea's Ambassador to India Mr Joon-gyu Lee met PM Mr Narendra Modi and have briefed him about the company's investment plans in Jharkhand.

Although the PMO described the meet as a courtesy call, a government source said POSCO's top brass sought his approval in setting up the greenfield project adjacent to SAIL's existing plant in Bokaro.

A steel ministry official said that both SAIL and POSCO have resolved their earlier differences on ownership of the proposed project. After fresh rounds of talks spanning over the last two months, it has been decided that SAIL and POSCO would hold 49% stake each and the remaining 2% would be held by a financial institution. Since the PSU has adequate surplus land at its Bokaro unit, the proposed project would not need to acquire any additional land.

Recently, POSCO officials met steel minister Mr Narendra Singh Tomar and briefed him about the progress made in the proposed Jharkhand project so far.

Source - Indian Express
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TATA Sponge net profit down by 32ct in Q3 2014 YoY

TATA Sponge Iron's Q3 net profit fell 32% YoY to INR 16.5 crore on account of weak operational performance and slower growth in revenue.

The bottomline was supported by power segment while iron ore ruined the profitability. Total income from operations grew 8.4% to INR 215.1 crore in the quarter ended December 2014 compared to INR 198.4 crore in the year-ago period. There was a pressure on realisations during the quarter as international iron ore prices were at multi-year lows.

Iron ore sourcing was also a problem as TATA Steel iron ore mines had their own issues. The company gets iron ores from TATA Steel. Operating profit of the company plunged 56% YoY to INR 17.87 crore and margin declined 1200 basis points to 8.3% in the quarter gone by.

Cost of raw material jumped 24% on yearly basis to INR 171.2 crore during the quarter. Sponge business revenue climbed 10% YoY to INR 204.2 crore with EBIT (earnings before interest and tax) falling 100% to 1 lakh (from INR 26.92 crore). Power business grew 43% to INR 24.5 crore with EBIT spiking 86% to INR 18.4 crore in the quarter ended December 2014.

Source - Money Control
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POSCO CEO calls on PM for new investment plant in Gujarat

PTI reported that Mr Kwon Oh-Joon CEO of South Korean steel company POSCO's recently called on PM Mr Narendra Modi and is believed to have discussed new investment plans in Gujarat and Maharashtra besides its much-delayed USD 12 billion Odisha project.

An official privy to the development said that "POSCO officials, who called on the Prime Minister today discussed with him the company's India investment plans which include big plans for Maharashtra and Gujarat."

The official said that "They also shared ideas about the Odisha project and discussed the overall developments on the project so far."

Source - PTI
voda
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Italian government takes full control of Ilva, appoints 3 commissioners

administration

Italy's industry ministry on Wednesday named former power and environmental executives Mr Piero Gnudi, Mr Enrico Laghi and Mr Corrado Carrubba as extraordinary commissioners for the troubled ILVA steel plant in Taranto taking full control of the troubled Ilva steel plant, following a request the company said it submitted on Wednesday.

The appointments will be finalised in an upcoming decree putting ILVA under special administration as a massive clean-up and turnaround project begin.

Mr Gnudi, formerly an ILVA sub commissioner, is an ex-sports minister who was chairman of electrical power company Enel for almost a decade.

Mr Laghi, another former sub-commissioner at the polluting plant, is a former director of several companies including the Rome municipal electricity company Acea.

Mr Carrubba is the former head of the environmental watchdog Arpa for the Lazio region around Rome.

The company has been run by a government appointed commissioner since 2013, when it was accused of failing to contain toxic emissions at its main plant in Taranto, southern Italy. The plant is losing tens of millions of euros a month, threatening the jobs of some 16,000 employees and posing a headache for a government that is battling to pull the country out of its third recession in six years.

Ilva's Taranto site has a capacity of more than 11 million tonnes of steel, but has been producing at well below that since 2013.

Source - ANSA & Reuters
voda
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Iron ore prices plummet to weakest level since 2009

Iron ore closed in on its weakest level since 2009 amid plentiful supply and tepid demand from Chinese steel producers concerned over a sluggish market

Iron ore price levels declined particularly from Brazil, Malaysia, South Africa, CIS and Malaysia by USD 1 to 2 per tonne. Overall market sentiment remained gloomy with Chinese mills going slow on buying with the approaching Lunar Holiday.

Iron ore for May delivery on the Dalian Commodity Exchange slumped nearly 4 percent to end at CNY 486 a tonne on Wednesday

The abundant supply of iron ore is pushing more Chinese mills to unload excess cargoes back into the spot market. It is learnt that Chinese mills are looking for buyers for March cargo since they are contemplating cutting down on production.

The latest falls come after official data released yesterday showed that the China's economy grew 7.3% in the fourth quarter, a tad ahead of market forecasts for a 7.2% expansion and the same pace as the third quarter. But full year growth came in at 7.4%, the slowest in 24 years.

Credit rating agency Standard & Poor's downgraded its price forecasts for iron ore. The agency revised down its iron ore price forecast to USD 65 per tonne for 2015 and 2016, from USD 85 per tonne.

Recent softness on iron ore markets has followed the release of production reports from Rio Tinto and BHP Billiton that showed both mining giants shipped record amounts of iron ore in 2014.

Source - Strategic Research Institute
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CITIC warns of USD 1.8 billion impairment on Australia iron ore mine

Reuters reported that Chinese conglomerate CITIC Limited warned its 2014 profit would be lower due to an impairment of AUD 1.4 billion to 1.8 billion on its Australian Sino Iron mining project, which was hit by falling global iron ore prices.

CITIC said in a statement that "A key component for consideration is the current and forecasted price of iron ore. The impairment will be reported as a non-cash item but it will reduce the company's reported 2014 profits.”

The company said that construction of the project's final production lines is expected to continue according to plan with a target to have all six production lines operating by the end of 2016.

Sino Iron, China's biggest investment in Australia, was expected to start shipping ore to Chinese steel mills in 2010 as part of Beijing's strategy to ease dependence on iron ore giants Vale, Rio Tinto and BHP Billiton. CITIC missed that target and project costs more than tripled, which it blamed on its own inexperience and that of its contractor Metallurgical Corp of China in building a project of this scale outside China.

Source - Reuters
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