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35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 257 258 259 260 261 262 263 264 265 266 267 ... 1755 1756 1757 1758 1759 » | Laatste

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[verwijderd] 15 juli 2015 11:20

www.wsobserver.com/stocks-with-a-low-...

[verwijderd] 15 juli 2015 11:36

Ik laat me niet klein krijgen door dat graaiend schorem aan de andere kant van de oceaan. Ik blijf gewoon bijkopen tot het dal bereikt is. En dan race ik mee naar de 14. Dan ben ik redelijk binnen.

voda 15 juli 2015 16:56

Dneprospetsstal sees lower crude steel output in June

Ukrainian metallurgical company Dneprospetsstal (DSS) has announced a year-on-year decline of 9.8 percent in its crude steel output in June this year to 21,357 mt, while its finished steel output in the given month decreased by 0.6 percent year on year to 14,381 mt.

In the first six months of the current year, Dneprospetsstal's crude steel output amounted to 124,168 mt, down 10.6 percent, while its finished steel output was 80,307 mt, down 9.3 percent, both compared to the same period of the previous year.

Source : SteelOrbis

voda 15 juli 2015 16:59

Mexico bars six steel importers after discovering undervaluation

In the last two months, six companies were written off the list of steel importers to Mexico, after the General Administration of Customs (AGA) detected that certain performed procedures undervalued steel products.

Ricardo Trevino of the AGA reported that there are over 15 companies under investigation for alleged wrongdoings pertaining to steel imports, but for the moment there is no evidence that they will be discharged.

Further, an additional package of administrative measures to “give strength and security to the domestic industry” was announced by the Ministry of Economy (SE) against unfair trade in products steelmakers, such as triangulation or undervaluation of goods.

Officials said that in the coming days there will be coordination meetings and an exchange of information with authorities of the SE and representatives of the steel industry on this issue, in order to further strengthen the controls.

Source : SteelOrbis

voda 15 juli 2015 17:00

South Korean steel imports in H1 dip by 4.9% YoY

Yonhap reported that South Korea's steel imports declined nearly 5 percent on-year in the first six months of 2015, data showed Monday, as shipbuilders and construction firms here continued to struggle amid an overall industry slump.

According to the data compiled by the Korea Iron and Steel Association, South Korea imported 10.83 million tonnes of steel products in the January-June period, down 4.9% YoY. Imports from China shed 3.1% YoY to 6.49 million tonnes, while those from Japan plunged 9.6% YoY to 3.28 million tonnes.

In June, steel imports also fell 3.8 percent from the previous year, marking the third consecutive month for the figure to slide since April. However, imports in June grew 8.1 percent from the month before, but industry watchers say the upward change is likely to be a temporary one.

KOSA official said "There's still no signs of a recovery in the shipbuilding and construction sectors, so it is unlikely that the (June increase) is a signal for a full-scale expansion of steel imports.”

Source : Yonhap

voda 15 juli 2015 17:06

Hyundai Steel unveils a new vision

South Korean steel giant Hyundai Steel, which completed a merger with affiliate Hyundai Hysco this month, laid out long-term plans to expand into automobile steel sheet production and non-steel materials businesses. It said that the expansion into new areas will help turn the company into a global manufacturer with an annual revenue of KWR 31 trillion (USD 27 billion) by 2025.

The new vision unveiled by Vice Chairman Mr Woo Yoo-cheol at the company’s headquarters in Yangjae-dong, southern Seoul, on Tuesday comes as the steel industry struggles with falling revenue due to weak demand both domestically and globally. Mr Woo said “The new vision reflects the company’s strong will to create new opportunities that others haven’t made yet in the business. We will keep innovating to accomplish the new vision.”

To develop the next-generation automotive steel sheets, the company invested 129.5 billion won on its No. 2 steel mill in Dangjin, South Chungcheong. The company will start producing high-strength aluminum-coated steel sheets and galvanized steel sheets next February.

The company is also building a plant that can produce 1 million tons of special treatment steel annually on a 247,500-square-meter (61-acre) lot inside the Dangjin plant. Once that plant is operating, the company is expected to improve its competitiveness in the car engine and transmission parts businesses, which use such steel.

In addition, the company has plans to expand into the non-steel sector because many materials including aluminum, magnesium and carbon fibers are being used to lighten cars, which is a trend in the auto industry to provide higher fuel efficiency.

Such plans also reflect the merger with Hyundai Hysco, which specializes in steel sheets for automobiles. After the merger, the company became a steelmaker with total assets of 31 trillion won and the capacity to make 20 trillion won in revenue per year. The total combined assets of Hyundai Steel is now about 21 trillion won short of the country’s largest steelmaker, Posco.

Source : Joongang Daily

voda 15 juli 2015 17:07

Brazilian Gerdau plans broad reorganization amid grim steel outlook

Gerdau SA, the Americas' largest steelmaking group, announced on Tuesday a broad corporate reorganization that aims at taking better advantage of the firm's growing size in markets other than home turf Brazil amid weak demand and pricing for steel products.

Under the plan, which the Porto Alegre, Brazil-based firm announced in a securities filing, Gerdau will pay 1.986 billion reais ($633 million) to buy out minority shareholders in four units, integrate South American operations outside Brazil in a single unit and merge the company's iron ore unit into its Brazil operations.

Gerdau plans to formally present the new structure in the third-quarter earnings report, the filing added.

Source : Reuters

voda 15 juli 2015 17:10

Mexico imposes tariffs on steel tubes from Spain, US and India

Mexico has imposed provisional import duties on carbon steel tubing with seams from the United States, Spain and India. The new measures, announced by the economy ministry in the country's official gazette, come as Mexico steps up efforts to protect its struggling steel industry, which has seen mass layoffs due to a glut of global supply that has hammered prices.

Earlier this month, the economy ministry added 86 steel products to the "sensitive merchandise" list, flagging them for extra scrutiny, as well as beefing up customs controls to prevent avoidance of quotas.

The ministry said it had 31 anti-dumping quotas in place, with nearly half on Chinese products. In June, Mexico imposed provisional import duties on hot-rolled steel from Germany, China and France amid an anti-dumping investigation. Later in June, the government announced import duties on cold-rolled steel sheet from China.

Altos Hornos de Mexico, one of Mexico's largest steelmakers, has said it will cut its workforce by 20 percent, suspend investments and reduce production after what it called a drastic fall in prices.

Source : Reuters

voda 15 juli 2015 17:15

ArcelorMittal could idle Brazil's Monlevade long steel mill

Published on Wed, 15 Jul 2015 138 times viewed

ArcelorMittal will probably idle the long steel mills it recently installed in its João Monlevade plant in Brazil, a senior company executive said on Tuesday.

Mr Jefferson de Paula, ArcelorMittal's South American head of long steel, said at an industry event that there is excess capacity in the sector and stagnating demand.

De Paula's comments echo those of Mr Benjamin Baptista, the company's chief executive in Brazil, who warned on Monday that the outlook for demand in Brazil's domestic steel market remains gloomy.

Source : Reuters

Bijlage:

voda 15 juli 2015 17:18

Vale cut to add more low cost iron ore to glut - Morgan Stanley

Published on Wed, 15 Jul 2015 86 times viewed

According to Morgan Stanley, iron ore prices trading near the lowest level since at least 2009 will probably remain under pressure and may even extend declines after Brazil’s Vale SA announced changes to production plans. The world’s biggest producer said on Monday that it would cut about 25 million tonnes of higher cost supply from this month, while sticking to a full-year output target of 340 million tonnes.

Morgan Stanley analysts wrote in a report “This will not lead to higher iron ore prices in the short term it could even have the opposite effect. The changes by Vale won’t reduce supply, rather they will add more lower cost material into the export market.”

However, Mr Caue Araujo, iron ore industry director at the research company AME Group, said by phone from Perth that “It’s good news for the market. We still need some good news on the steel side to have momentum for a price recovery in iron ore.”

Similarly Citigroup said “The curtailment announcement has an immediate impact on market sentiment, but to have a prolonged influence on physical markets and prices, it must actually result in lower supply. Vale left its full-year supply target unchanged. It’s unlikely that BHP and Rio will follow Vale’s move.”

The move to curb output from lower-quality mines is aimed at raising margins as it seeks to cut the cost of mining and delivering ore to China to USD 35 a tonne by 2018 from USD 40 a tonne at year end. Vale’s break even price, excluding interest costs, is currently USD 41 a dry ton, compared with USD 30 a ton for both BHP and Rio Tinto, UBS Group AG said in a July 10 note.

Source : Bloomberg

[verwijderd] 16 juli 2015 09:45

www.mining.com/shrinking-chinese-stee...

voda 16 juli 2015 16:20

Anglo American schrijft miljarden af

Gepubliceerd op 16 jul 2015 om 09:24 | Views: 1.579

LONDEN (AFN) - Mijnbouwconcern Anglo American verwacht miljarden af te schrijven op zijn ijzerertsactiviteiten in Brazilië en de kolentak in Australië. Dat bleek donderdag. De onderneming heeft veel last van afnemende prijzen voor de grondstoffen.

Anglo rekent op een afschrijving van 3 tot 4 miljard dollar, zo gaf het aan. In de eerste zes maanden van 2015 stonden de prijzen van bulkgrondstoffen aanhoudend onder druk, aldus het bedrijf. Daardoor moeten de korte- en langetermijnprognose voor de marktprijsontwikkeling worden bijgesteld.

Het gaat daarbij concreet om de prijsverwachtingen van onder meer ijzererts, koper en platina, die ongeveer de helft van de omzet bepaalden vorig jaar.

voda 16 juli 2015 16:28

Rio Tinto stelt verwachtingen bij

Gepubliceerd op 16 jul 2015 om 08:07 | Views: 2.067

LONDEN (AFN/BLOOMBERG) - Mijnbouwgigant Rio Tinto heeft de productieverwachting voor ijzererts voor heel 2015 verlaagd. Dat maakte het concern, het op één na grootste mijnbouwbedrijf ter wereld, donderdag bekend in een tussentijds handelsbericht.

Rio Tinto rekent nu op een productie van 340 miljoen ton ijzererts, waar het eerder mikte op circa 350 miljoen ton. De onderneming had de afgelopen tijd last van slecht weer, onder meer van twee cyclonen. Het schat dat dit de productie in juni met zo'n 7 miljoen ton heeft geraakt.

voda 16 juli 2015 16:35

US weekly raw steel production in Week 28 dips YoY – AISI

AISI announced that in the week ending July 11, 2015, domestic raw steel production was 1,740,000 net tons while the capability utilization rate was 72.8 percent. Production was 1,914,000 net tons in the week ending July 11, 2014 while the capability utilization then was 79.6 percent.

Source : Strategic Research Institute

voda 16 juli 2015 16:37

Iranian monthly steel output tops 4.3 million tonnes - IMIDRO

Iranian Mines and Mining Industries Development and Renovation (IMIDRO) said on Monday that the production of steel ingots during March 21-June 21, 2015 increased to 4.317 million tons from the figure for December 21, 2014-March 20, 2015 which was 4.292 million tons.

According to IMIDRO, Iranian steel makers produced 1.432 million tons of steel ingots during May 22-June 21, showing 1.6 percent growth compared to the figure for the same month last year, which was 1.41million tons, IRNA reported.

According to Ministry of Industries, Mines and Trade, 16.9 million tons of steel products, including beams, iron rods, pipes, auto sheet, hot roll, steel coil, ingot and wide sheet, were produced in the year to March 20, 2015 — an increase of more than two percent against the previous year's output of 16.6 million tons.

It said that it planned to achieve a target of 18 million tons in crude steel production while the output for steel products would reach 19 million tons. If realized, the figures would show an increase of 23.9 percent and 21.5 percent respectively.

Iran is the 14th largest steel producer among 65 countries and a major steel maker in the region. Iran's crude steel production reached 16.6 million tons in 2014 from 15.5 million tons in 2013, showing seven percent growth year long

Source : Iran Daily

voda 16 juli 2015 16:39

POSCO putting Odisha steel plant project on hold - Report

Nikkei reported that South Korean steel giant Posco will freeze a major blast furnace project in the eastern Indian state of Odisha, faced with opposition from residents and slim prospects of obtaining the interest it wanted.

The project won approval from the Indian government in 2011. Posco sought an annual output of 12 million tons. There were also plans to build such facilities as a port. But the project has drawn the ire of locals worried about the environmental impact. And the company is unlikely to gain preferential rights to an interest of 600 million tons of iron ore for 30 years. In these circumstances, the company is likely to give up altogether on the plan, a Posco official said.

Posco has pledged to halve its domestic operations and cut overseas units by 30 percent. It will aggressively exit non core areas that aren’t competitive, Chief Executive Officer Kwon Oh Joon said at a briefing in Seoul on Wednesday, without identifying which parts of the company.

Posco is returning to its roots and focusing on improving the quality of the steel it produces as a flood of cheap exports from China pushes prices to the lowest since at least 2003.

Source : Nikkei

voda 16 juli 2015 16:41

Angang Steel warns 73 per cent fall in H1 net profits

Angang Steel late on Tuesday warned of a 73 per cent fall in its net profit in the first half of the year as market conditions deteriorated rapidly.

Net profit attributable to shareholders will slide to CNY 155 million from CNY 577 million yuan at the same period of last year

Its effective efforts in cutting cost and improving efficiency as well as the disposal of some shares in subsidiary Zhuzhou Group failed to offset the impact of tumbling steel prices. It said “The indices of market elasticity have declined, which led to a dramatic reduction in profit margins.”

Source : South China Morning Post

voda 16 juli 2015 16:42

POSCO said on Wednesday that its net profit plunged on-year in the second quarter amid tough market conditions at home and abroad.

Its net profit came to KWR 117.4 billion (USD 104.4 million) on a consolidated basis during the April-June period, down 75.9 percent from a year earlier

Operating profit fell 18.2% YoY to KWR 686.3 billion won and sales also retreated 9.1 percent over the same period to KWR 15.2 trillion

Source : Strategic Research Institute

voda 16 juli 2015 16:43

China Q2 surprise growth prompts new questions about data

Following weeks of stock market turmoil, China has confounded expectations that its economic growth would slow further in the second quarter, with gross domestic product rising by 7%. The figure still represents the lowest level of growth since the 2009 global financial crisis but is in line with China's official target for 2015 of around 7%. While some analysts have taken these numbers on face value, many are doubting this figure

China’s National Bureau of Statistics said in a statement “The national economy has been running within proper range and the major indicators picking up steadily, showing moderate but stable and sound momentum of development.”

The announcement of stable second quarter growth surprised analysts, offered a boost to China’s attempts to soften the country’s economic slowdown and came after weeks of chaos in the Chinese stock market which saw more than USD 3 trillion wiped off shares. Analysts had widely predicted that economic growth would dip from 7% in the first quarter to around 6.8% in the second.

However, there were immediate doubts over the growth figure’s reliability with the announcement sparking renewed debate over the trustworthiness of Beijing’s statistics.

Adam Myers, senior market strategist at Credit Agricole, told CNBC he doesn't trust the data. He said "You only have to look at commodity prices to see that there's a disconnect with what the official Chinese data is showing and what really the demand in the underlying economy is having for things like raw materials. We've been talking about that for months and still the Chinese data remains relatively solid, but all the underlying anecdotal evidence points to a much deeper slowdown in China. Put on top of that the wealth and credit effects that we've seen through the Chinese stock markets in the last couple weeks, a much larger deterioration appears to be on the cards than the official data would indicate."

Source : Strategic Research Institute, with inputs from CNBC

voda 16 juli 2015 16:46

According to data from the National Bureau of Statistics, China's crude steel output dropped 0.8% YoY in June 2105 and by 1.3% YoY to to 409.97 million tonnes in the first half of 2015. But average daily output reached 2.298 million tonnes last month, the highest since June last year

The level of daily crude steel output sigals that Chinese steel mills are desperate to protect their market share and maintain cash flow despite deepening losses

But as the demand growth is negative this year, it is quite likely that more steel mills would be forced to cut output this month. More steel mills have planned to schedule maintenance to curb production and reduce losses, and output is expected to fall in July and August as demand dips further as construction activity slows over the summer.

After decades of rapid growth spurred an unprecedented expansion in steel supply, China's engine for growth is changing.Now govermet wants to push more and more private consumption to drive growth, while before it used to be investments which need lots of steel to build bridges and roads."

Source : Strategic Research Institute

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