Eurobench.com

Crooswijk 19 augustus 2015 09:11

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Maar laat dat dan ook echt de bodem zijn!
Dan kunnen we weer gaan klimmen en blijven klimmen.

[verwijderd] 19 augustus 2015 09:13

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quote:
davey12 schreef op 18 augustus 2015 15:16:
iedereen spreekt over koersverlagingen ik zie van jullie beste vriend een koersverhoging , alcor mital heeft meer dan ok cijfers aangezien de moeilijk omstandigheden,, de adviezen lijken er meer en meer op dat iedereen een pakketje aclor mital gaat inslaan , hier zwart op wit van jullie beste viend !

Fonds: ArcelorMittal Guru: Goldman Sachs

Advies: Verkopen Status: Actief
Koersdoel: € 7,70 Score: 0,00%
Startkoers: € 8,30 Huidige koers: € 7,86
Verw. rendement: 7,17%
Historische adviezen
Historische adviezen (75), pagina 1 van 15
Datum Advies Koersdoel Verw. Rend. Score
4 aug 15 Verkopen € 7,70 7,17% 0,00% Details »
8 jul 15 Verkopen € 7,70 5,30% 5,30% Details »
26 mei 15 Verkopen € 7,70 23,84% 19,57% Details »
8 mei 15 Verkopen € 7,30 22,35% -7,54% Details »
16 apr 15 Verkopen € 7,30 20,63% -2,21% Details »

bron :http://www.guruwatch.nl/advies/84903/ArcelorMittal/Goldman-Sachs/verkopen.aspx

Ik weet niet aan welke drugs jij zit, maar ik zou er maar eens vanaf blijven......

Crooswijk 19 augustus 2015 11:18

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Niemand weet het meer?

Patience 19 augustus 2015 11:22

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Glencore winst meer dan de helft gehalveerd en doet nu -8% tja dan gaat MT mee naar beneden het is niet anders. dan mogen we blij zijn dat het nog onder de -2% voor MT is of zal de genade klap nog komen.

Crooswijk 19 augustus 2015 13:47

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Dan heeft ArcelorMittal het toch nog goed gedaan,als je kijkt naar anderen sectorgenoten.

voda 24 augustus 2015 16:40

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US Steel to close of BF and most flat rolling mills in Alabama

United States Steel Corporation announced the proposed intent to permanently close its blast furnace and associated steelmaking operations, along with most of the flat-rolled finishing operations at Fairfield Works in Fairfield in Alabama.

Under this action, the blast furnace and associated steelmaking operations will be idled. They and the finishing operations would be permanently closed on or after November 17, 2015. The facilities that would permanently close include the blast furnace and steelmaking operations, the hot strip mill, the pickle line, cold mill, annealing facility and stretch and temper line.

The slab and rounds casters, the #5 coating line and the Double G hot-dip galvanizing joint venture in nearby Jackson, Miss. would continue to operate.

The decision does not impact Fairfield Tubular Operations or the electric arc furnace construction project.

This proposal was initiated after careful market analysis of the company's current and long-term global operational footprint competitiveness. The construction of the EAF at Fairfield Works in place of the facility's existing blast furnace was included in that analysis.

Mr Mario Longhi US Steel President and CEO said "We have made some difficult decisions over the last year as part of our portfolio optimization. We have determined that the permanent shut-down of the Fairfield Works blast furnace, steelmaking and most of the finishing operations is necessary to improve the overall efficiency and cost structure of our flat-rolled segment."

Source : Strategic Research Institute

voda 24 augustus 2015 16:42

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Supply demand mismatch continues to dampen steel prices in China - CISA

Xinhua reported that latest data from the China Iron and Steel Association revealed on Monday that steel prices in China continued to spiral downward in July as market supply far exceeded demand.

The CISA China steel price index came in at 62.73 by the end of July, down 5.94 percent from a month earlier. The index marked a drop of 31.56 percent from a year ago, as no significant improvement in the supply-demand mismatch was seen

CISA attributed the weak demand to the prolonged downward pressure on the broader economy, which posted a 7-percent growth in the first half of the year. It said “As the government's pro-growth policies such as increased infrastructure spending gradually filter through, the CISA expects improving steel demand in the latter half of the year. But a substantial rebound in prices is unlikely due to high output and a severe export outlook.”

Earlier statistics showed China's crude steel output totaled 476 million tonnes in the first seven months of 2015, down 1.8 percent year on year, while apparent consumption went down 5.2 percent to 420 million tonnes.

The Chinese government has been at pains to digest production gluts from an investment boom spawned by generous subsidies in the past few years that saw producers in "favored" sectors, including steel, expand rapidly with little regard to real market demand. To gradually solve the problem, the government has banned new projects in steel, cement, electrolytic aluminum, flat glass and shipbuilding before 2017.

Source : Xinhua

voda 24 augustus 2015 16:43

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South Korean steel imports in July up 2.3% YoY

Yonhap reported that South Korea's steel imports climbed 2.3 percent in July from a year earlier on the back of increased shipments from China. According to the data compiled by the Korea Iron and Steel Association, steel imports came to 1.96 million tonnes last month, compared with the 1.92 million tonnes tallied in the previous year,

The number marks the first on year gain in four months since the 4.2 percent on-year increase recorded in March.

Compared with the previous month, imports slumped 10.3 percent in July. In the first seven months of this year, cumulative imports fell 3.9 percent to 12.79 million tons.

The July rise in steep imports was due largely to a surge in shipments from China. Imports from the neighboring country soared 21 percent to 1.35 million tons. In contrast, those from Japan plunged 17.9 percent on-year to 509,000 tons, according to the data.

KOSA said "Demand for steel bars shot up in July, and it's likely that China may be trying to ship out its H-shaped structural steel beams ahead of looming punitive tariffs on the product in South Korea.”

In May, South Korea's trade commission recommended the government impose a significant amount of antidumping duties on cheap Chinese steel beam imports, citing damage to domestic steelmakers.

Source : Yonhap

tmaster 24 augustus 2015 16:45

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En maar lekker door produceren he die chinezen.. snappen zou nou echt niets van het vraag en aanbod principe?? Man man man..

voda 24 augustus 2015 16:45

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JSW Steel to hike capacity to 18.6 million tonnes by March 2016

PTI reported thatJSW Steel expects to invest about INR 5,000 crore on various capital expenditure projects in this fiscal ending March 2016. Besides, the company is closing down non operational subsidiaries in the UK and Kenya.

CMD Mr Sajjan Jindal has said “The company is expected to invest approximately INR 5,000 crore during FY16 on various capital expenditure programmes.”

Mr Jindal also informed the shareholders that the company is also in the process of closing the non operational foreign subsidiaries i.e. JSW Steel Service Centre (UK) Ltd, Argent Independent Holdings Ltd and JSW Steel East Africa Ltd.”

At present, the firm has a capacity of 14.3 million tonnes across two integrated steel plants in Maharashtra and Karnataka. Implementation of ongoing projects like modernisation of BF 1 and electrical steel complex at Vijayanagar and the capacity expansion project from 3.3 MTPA to 5 MTPA at Dolvi are progressing satisfactorily and are likely to complete as per schedule. The company aims to add 4 million tonnes to increase its capacity to 18.6 million tonnes in 2015-16.

London based JSW Steel Service Centre is into processing and sale of steel, while Argent Independent Holdings that is also based in London is a holding company. Nairobi based JSW Steel East Africa is into mining of non ferrous metal ores and manufacture of basic iron and steel, among others.

Source : PTI

voda 24 augustus 2015 16:46

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Mexican steelmakers warn of impact of yuan's devaluation

Latino Fox News reported that the Mexican Iron and Steel Industry Chamber or Canacero said that the yuan's devaluation artificially lowers the price of Chinese products in foreign markets and will adversely affect Mexico's steel industry by increasing imports of that product from China.

It said "The impact on the Mexican economy of last week's devaluation of around 4 percent against the dollar will significantly affect industries like steel. The currency move will exacerbate the problem of steel being imported under unfair conditions. We need to strengthen current measures and continue to take action so our domestic producers are not harmed by decisions made abroad - decisions by governments that adopt policies for the wellbeing of their own nation.”

It added The new currency policy put in place by the People's Bank of China (central bank), which last Thursday lowered the reference rate around which the yuan can trade to 6.401 per dollar, jeopardizes the sovereignty of a strategic sector.”

It said that “The Asian giant is seeking to ensure a dominant position and influence prices almost unilaterally. The currency move is a blow to Mexico's productive sector and poses a threat to more than 70 percent of Mexican exports to the United States."

Imports of Chinese laminated steel to Mexico had already risen sharply prior to the recent devaluations of the yuan, rising 112.5 percent between January and June compared with the same period of 2014. That caused Mexico's steel trade deficit to rise to 4.65 million tons through June 2015, up 55.8 percent from the same period of 2014

Source : Latino Fox News

voda 24 augustus 2015 16:49

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Steel output reaches highest in a decade in Vietnam

VNS reported that according to Vietnam Steel Association, building steel output in July reached 613,000 tonnes, posting 51.5 per cent increase over the same period last year and marking the record high in the past 10 years. VSA said steel output in the first seven months of the year rose 28 per cent from last year level to 3.6 million tonnes, while consumption was 3.5 million tonnes.

However, domestic steel producers continue to face the pressures of falling consumption and increased use of imported steel despite improvements in the economy. Accordingly, consumption of building steel last month reached 522,099 tonnes, 1.5 per cent less than the previous month's figure, but represented a year-on-year surge of 23 per cent.

It added that in June, 1.64 million tonnes of steel was imported, posting 26 per cent rise in comparison with the previous month and 1,131 per cent more than the corresponding period last year.

Turnover of imported steel rose to US$853 million, a 27 per cent increase over the previous month and 34 per cent from last year. Total imported steel amounted in the first half of the year to 6.9 million tonnes, with turnover of $3.83 billion, representing 37 per cent and 13 per cent increase in quantity and value, respectively.

Exported steel in June was 232,264 tonnes, posting a 20 per cent year-on-year rise, bringing the total in the first half of the year to 1.2 million tonnes.

Source : VNS

voda 24 augustus 2015 16:51

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Kazakhstan opposes EEC duties on Ukrainian steel rebars – Report

Kazakhstan representatives in the Eurasian Economic Commission blocked the decision to implement customs duties on the Ukrainian rebars. In the middle of July Mr Vladimir Lisin, the co owner of the Novolipetsk Iron and Steel Works, wrote to the Russia vice-primer-minister Igor Shuvalov saying the Kazakh representatives in the EEC were supporting the world steel producer ArcelorMittal.

A source in a metal company and a federal official have confirmed the blocking of customs duties by Kazakhstan.

It should be noted, that as early as May EEC recommended to implement anti-dumping duties against metal bars from Ukraine: 9.32% for ArcelorMittal Kriviy Rih and 10.11% for the other producers.

Source : Metal Ukraine

voda 24 augustus 2015 16:52

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Global crude steel production in July dips by 3.8% YoY

World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 133 million tonnes in July 2015, a -3.8% decrease compared to July 2014.

China’s crude steel production for July 2015 was 65.8 million tonnes, down by -4.6% compared to July 2014. Japan produced 8.8 million tonnes of crude steel in July 2015, a decrease of -4.9% compared to July 2014. India’s production was 7.7 million tonnes, up by 1.2% on July 2014.

In the EU, Germany produced 3.6 million tonnes of crude steel in July 2015, an increase of 4.7% compared to July 2014.

Turkey’s crude steel production for July 2015 was 2.5 million tonnes, down by -10.4% on July 2014.

In July 2015, Russia produced 6.0 million tonnes of crude steel, down by -2.8% over July 2014. Ukraine produced 1.9 million tonnes of crude steel, a decrease of -24.1% compared to the same month in 2014.

The US produced 7.0 million tonnes of crude steel in July 2015, down by -9.1% compared to July 2014.

Brazil’s crude steel production for July 2015 was 2.9 million tonnes, a decrease of -3.1% on July 2014.

In the Middle East, Iran produced 1.3 million tonnes of crude steel in July 2015, down by -1.3% compared to the same month last year.

The crude steel capacity utilisation ratio for the 65 countries in July 2015 was 68.4%. This is -4.2 percentage points lower than July 2014. Compared to June 2015, it is -3.8 percentage points lower.

Source : Strategic Research Institute

Bijlage:

voda 24 augustus 2015 16:53

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Steel exports from China to surge this year – Cliffs Natural Resources

Bloomberg reported that according to Cliffs Natural Resources, steel exports from China will surge to more than 100 million tonnes this year as local mills benefit from a rising tide of cheap iron ore to produce more than Asia’s top economy needs.

Mr Lourenco Goncalves, chief executive officer of the largest US iron ore producer, said in a phone interview from the company’s headquarters in Cleveland, Ohio “It’s like a bad virus. Australia continues to give iron ore to China almost for free, allowing them to produce more than they need.”

He said “What China is exporting alone is bigger than the second biggest producer of steel in the world: it is crazy.”

He added “With the massive sales of iron ore to China, enabling China to produce a lot more than China actually needs for consumption, there’s a glut of exports.”

However, Mr Wang Yingsheng, deputy secretary-general of the China Iron & Steel Association, said in an interview “Everyone is complaining about Chinese steel exports. While the volume of shipments shows the good appetite from foreign clients, it also indicates overcapacity and weakening demand in China.”

Exports from China are forecast to expand 21 per cent to 111 million tonnes in 2015, according to a projection from Colin Hamilton, head of commodities research at Macquarie Group. That compares with 53 million tonnes in 2013.

Source : Bloomberg

voda 24 augustus 2015 16:55

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South Korean Dongkuk Steel sees Q2 turnaround

South Korea’s third largest steel maker Dongkuk Steel Mill saw a turnaround in operating profits in the second quarter. The steelmaker said it posted 53.9 billion won ($45.5 million) in operating profits, up 9 percent from the same period last year. Net profit was 156.8 billion won in the April-June period, while it posted 1.49 trillion won in sales.

A Dongkuk spokesman told reporters “Sales of colored plates, cold-rolled steel products and steel rods were stable in the second quarter. The sale of our headquarters building Ferrum Tower in downtown Seoul in the first quarter also contributed to the rebound of profit.”

The company said it expects to see profits continue to grow in the third quarter when its latest business reshuffle begins to take effect. The company recently centralized its thick plate businesses in Dangjin plant in South Chungcheong Province to scale down the organization for operating cost reduction.

The steelmaker has been going through some tough transitions within the company and the industry as a whole, hit by price competitive Chinese products and the slowdown of the shipbuilding industry. Suffering from oversupply, the company rolled out a set of bold restructuring plans to cut costs in the thick plate businesses, such as suspending the operation of its second thick plate plant in Pohang, North Gyeongsang Province, from August 1. The company now only runs the first plant in Dangjin to produce thick plate products.

The recent arrest of Dongkuk chairman Chang Sae-joo over allegations of irregular practices also dealt a huge blow to the company morale and stock prices earlier this year. Chang later stepped down from the post over suspicions of embezzling about 20 billion won from the company and of habitual illegal gambling. The company is now run under the leadership of Chang’s younger brother and vice chairman Jang Seh-wook.

Source : Korea Herald

voda 24 augustus 2015 16:56

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Ukrainian steel exports dip in 7 months of 2015

In January-July Ukrainian companies exported $5062.89 million worth of ferrous metals, down by 41% YoY ($8580.41 million). According to the Customs statistics, ferrous metals accounted for 23.32% of the total export revenues, down from 25.6% in January-July 2014.

In July ferrous metals export revenues totaled $768.15 million, up from $689.09 million in June.

At the same time in January-July ferrous metals imports fell by 49.5% YoY, to $389.19 million, with $73.33 million in July. Metal wares exports dropped by 47.8% YoY, to $575.26 million, with $76.32 million in July. Metal wares imports in January-July fell by 46.5% YoY, to $269.4 million, with $41.22 million in July.

Source : Metal Ukraine

voda 24 augustus 2015 16:58

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Ukrainian scrap trade volumes remains thin in H1

The steel production by Ukraine dropped considerably due to the ongoing political instability in the region. More importantly, imports and exports of scrap metals declined during the first half of the current year.

The steel production by Ukraine dropped to 27 million tons last year, almost 15% lower when compared with the average yearly production of 32 million tons per year. During the initial six-month period of the year, Ukraine’s ferrous metal exports plunged heavily by 41% over the previous year.

As per latest statistics released by the State Fiscal Services of Ukraine, exports during January to June this year amounted to $4.296 billion. It must be noted that the country had exported $7.281 billion worth of ferrous metals during the corresponding six-month period in 2014.

Also ferrous metal imports by Ukraine dropped sharply by 51% year-on-year. The country’s imports and exports of non-ferrous metals dropped significantly during this period. For example, aluminum imports were down by 30.6% YoY, to $124.48 million during January-June. Aluminum exports were down by nearly 7%, to $59.42 million.

The Federation of Metal Manufacturers of Ukraine has requested the government to revise the ferrous scrap export limits during the second half of the year. In a letter addressed to the Development and Trade Minister Aivaras Abromavicius, the federation noted that Ukrainian market faced acute shortage of scrap metals and that a revision of scrap export restrictions would make a big change to the present situation.

Source : Metal Ukraine

voda 24 augustus 2015 17:01

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New Carlisle steel companies celebrate 25 years

A Michiana steel company is celebrating a quarter century of doing business around the globe. IN Tek and IN Kote celebrated 25 years of doing business today with owners from Arcelor Mittal and Nippon Steel in Japan. IN Tek and IN Kote in New Carlisle specialize in steel finishing parts that go into millions of new cars and household appliances.

The company's CEO says that success is a combination of a hardworking staff of more than 500 people, along with partnerships with companies in Europe, Japan and the US. Mr Tom Cayia admits his formula for success isn't overly complicated. He said “Producing a quality product and delivering it to them on time. That's exactly what the companies have done for 25 years. Not an easy thing to do with a fluctuating price of steel and high profile clients like GM, Chrysler, Toyota and Honda.”

The US economy is doing very well. The steel industry is not. It's a very difficult environment. Still, company leaders had reason to celebrate today. Despite past difficulties including a recession, United Steelworkers at IN Tek and IN Kote kept sending out orders with no strikes, no work stoppages and no massive layoffs.

Source : WNDU.com

voda 24 augustus 2015 17:02

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Steel scrap prices in Germany continue to decline

Euwid-recycling.com reported that steel scrap prices on the German market again receded in August on the heels of an earlier dip by more or less the same amount in July.

It would appear that steel plants have made good their announcement in July to the effect that they would roll back scrap prices substantially by September, a merchant said. Although the price cut was to be expected, the market is said to have partly reacted with unease.

Prices are expected to remain largely unchanged in September but market opinion was divided as to whether the trend would point up or down. Some steel mills reportedly still wanted to secure scrap volumes in the middle of August. Some market players took this as a sign to mean that steel plants do not expect scrap prices to recede further.

Source : Euwid-recycling.com

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