Eurobench.com

voda 2 mei 2016 20:18

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EU adopts new prior surveillance system for import of steel products

The European Commission established onApril 29th a prior surveillance system for import of steel products into the EU that will serve to anticipate short-term market developments and take the necessary actions, if and when needed. Based on the Regulation adopted, imports of steel products into the EU will now require an import license.

This mechanism is part of a series of measures aiming to support the EU steel sector presented on 16 March in the Commission's Communication "Steel: Preserving sustainable jobs and growth in Europe".

This decision also gives a clear signal to companies, including in exporting countries, that the Commission actively monitors market developments and is willing to take the necessary steps if justified. Prior surveillance measures are foreseen in the EU's safeguard instrument and can be introduced when import trends threaten to cause injury to Union producers.

The product scope of the surveillance was decided after consultation with the EU industry and reflects its recent sensitivities. In the interest of the EU steel industry and employment in the sector and also for legal certainty, this system will be in place for four years.

To allow a smooth transition, an additional 21 working days were granted from the entry into force of the regulation, during which imports can still enter into the EU without licence.

Source : Strategic Research Institute

voda 2 mei 2016 20:20

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US Steel trade secret theft accusations groundless - BaoSteel

Xinhua reported that China's Baosteel Group said in a statement on Friday that accusations by United States Steel Corp against it were groundless and untrue. It said “Baosteel Group strictly abides by laws and regulations and respects the rules of the market.”

It said “The accusation that the company had stolen commercial secretes in particular is baseless speculation and subjective assumption an absurd statement.”

It added that it was an insult to the company's hardworking research and development staff.

It said "Baosteel will protect its legal rights in accordance with related international regulations and laws.”

US Steel lodged a complaint with the U.S. International Trade Commission (ITC) on Tuesday, under Section 337 of the Tariff Act of 1930, against around 40 Chinese steel producers and their distributors. US Steel said in a statement that its complaint regarded alleged illegal unfair competition methods and [it] seeks the exclusion of all unfairly traded Chinese steel products from the US market."

Source: Xinhua

voda 2 mei 2016 20:21

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US DOC launches probe on import of cut to length steel plates

On April 29, 2016, the Department of Commerce initiated an antidumping duty (AD) investigation of imports of certain carbon and alloy steel cut-to-length plate (CTL plate) from Austria, Belgium, Brazil, China, France, Germany, Italy, Japan, Korea, South Africa, Taiwan, and Turkey and countervailing duty investigations of imports of CTL plate from Brazil, China, and Korea.

The investigations cover certain carbon and alloy steel cut-to-length plate. CTL plate is a flat-rolled carbon and alloy steel product that is 4.75 mm or more in thickness and that has a defined length (i.e., it is not in coils). CTL plate is used in a wide variety of applications including welded load-bearing and structural applications such as in buildings or bridgework; transmission towers and light poles; agricultural, construction, and mining equipment; machine parts and tooling; heaving transportation equipment like ships, rail cars, tankers and barges; and large diameter line pipe.

The products subject to the investigations are currently classified in the Harmonized Tariff Schedule of the United States (HTSUS) under item numbers: 7208.40.3030, 7208.40.3060, 7208.51.0030, 7208.51.0045, 7208.51.0060, 7208.52.0000, 7211.13.0000, 7211.14.0030, 7211.14.0045, 7225.40.1110, 7225.40.1180, 7225.40.3005, 7225.40.3050, 7226.20.0000, and 7226.91.5000.

The products subject to the investigations may also enter under the following HTSUS item numbers:
7208.40.6060, 7208.53.0000, 7208.90.0000, 7210.70.3000, 7210.90.9000, 7211.19.1500, 7211.19.2000, 7211.19.4500, 7211.19.6000, 7211.19.7590, 7211.90.0000, 7212.40.1000, 7212.40.5000, 7212.50.0000, 7214.10.0000, 7214.30.0010, 7214.30.0080, 7214.91.0015, 7214.91.0060, 7214.91.0090, 7225.11.0000, 7225.19.0000, 7225.40.5110, 7225.40.5130, 7225.40.5160, 7225.40.7000, 7225.99.0010, 7225.99.0090, 7206.11.1000, 7226.11.9060, 7229.19.1000, 7226.19.9000, 7226.91.0500, 7226.91.1530, 7226.91.1560, 7226.91.2530, 7226.91.2560, 7226.91.7000, 7226.91.8000, and 7226.99.0180.
The HTSUS subheadings above are provided for convenience and customs purposes only. The written description of the scope of the investigations is dispositive.

Alleged COUNTRY DUMPING MARGINS
Austria 35.50 to 121.90 percent
Belgium 51.78 percent
Brazil 74.52 percent
China 67.93 – 68.27 percent
France 28.43 – 148.02 percent
Germany 42.59 – 174.03 percent
Italy 130.63 percent
Japan 179.2 percent
Korea 44.70 – 248.64 percent
South Africa 81.29 – 94.14 percent
Taiwan 8.30 – 77.13 percent
Turkey 34.03 – 50.00 percent

The investigations were launched at the request of ArcelorMittal USA, Nucor Corp and SSAB Enterprises

US International Trade Commission is scheduled to make its preliminary determination of whether US producers were injured on or before May 23.

Source : US Doc

voda 2 mei 2016 20:22

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Liberty lines up backers as Tata Steel bid deadline nears - Report

The Sunday Telegraph reported that the battle to buy Tata’s UK steel business is heating up with Liberty House submitting one of the first bids. Mr Sanjeev Gupta’s commodity business – in an alliance with his father PK Gupta’s Simec group – is understood to have lined up a series of heavyweight backers as it positions itself to buy the loss-making steel operations based around Port Talbot.

The Sunday Telegraph understands that Liberty is working with Macquarie Capital, which is prepared to support the bid with funding and State Bank of India, on a deal that would see it take on Tata’s entire UK steel business.

A document received by Business Secretary Sajid Javid shows that also on board are Deloitte, which will advise on how to deal with the near-£500m funding deficit in Tata’s pensions scheme, and Grant Thornton, which will deal with legal and accounting issues. Also involved are several ex-Tata executives.

The development comes in what sources close to the sale process say is a “crucial weekend” for the future of Tata’s UK steel operations, with the deadline for initial bids coming on Tuesday night.

The future of the business and its 11,000 staff – and twice as many jobs in the supply chain – was thrown into doubt last month when Tata’s Indian board voted against backing a turnaround plan and put the business up for sale.

Other bidders include Albion Steel, a start-up business with 40-year industry veteran Tony Pedder on the board. Albion is understood to be considering a bid for Tata’s speciality steels unit, one of the strongest parts of the business. Its 2,000 staff make steel used in aircraft, cars and energy at its plants in Rotherham and Stocksbridge in South Yorkshire.

Source: The Sunday Telegraph

voda 2 mei 2016 20:24

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Gerdau Steel India plans INR 1,000 crore investment in Andhra Pradesh plant

The Hindu Business Line reported that Brazilian steel major Gerdau Steel plans to invest up to INR 1,000 crore in adding capacity in its existing plant in Andhra Pradesh. Gerdau Steel expects to add another two lakh tonne capacity in the next couple of years.

Mr Sridhar Krishnamoorthy Managing Director of Gerdau Steel India told BusinessLine “We have started looking at plans to expand product portfolio and further process debottlenecking. Over the next couple of years, the capacity can be debottlenecked and another two lakh tonnes per year can be added totalling five lakh tonnes per year.”

He said the total investment for de-bottlenecking and also for its product enhancement is estimated at INR 1,000 crore.

He pointed out plants like theirs which produces special steel, runs at about 85 per cent capacity so that any increase in order at a short notice can be accommodated.

Mr Krishnamoorthy said Indian operations was performing well and has started making profits from March this year after three years.

The steel maker forayed into India in 2007-08 as a joint venture partner with Kalyani Steel. Gerdau Steel has a three-lakh-capacity steel plant in Tadipatri and it is the largest investment so far from Brazilian company in India.

Source: The Hindu Business Line

voda 2 mei 2016 20:25

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China reacts to EU action against steel imports

Xinhua reported that China's Ministry of Commerce said in a statement after the European Union adopted a new prior-surveillance system for steel imports that trade protectionism measures would do no help to tackle global steel overcapacity but hinder global trade orders

It said “The prior-surveillance system will bring extra burdens to normal trade and China is concerned about this matter.”

It added “China always advocates anti-trade protectionism and maintains stable, predictable and fair trade environment. EU should abide by the commitments it has made and avoid sending wrong signals.”

The EU announced on Friday that it had established a prior-surveillance system for imports of steel products into the bloc in order to further protect its own steel industry. Based on the new regulation, imports of steel products into the EU will now need an import license. The EU has long claimed that importing steel products from third countries, such as China, have jeopardized its own labor market.

Source: Xinhua

voda 2 mei 2016 20:27

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Kobelco Angang auto steel JV begins operations in Anshan

Kobelco Angang Auto Steel Co Ltd held an opening ceremony on-site yesterday to mark the start of operations in Anshan, Liaoning Province, China. Established in 2014, Kobelco Angang produces and sells advanced cold-rolled high-strength steel sheet for automobiles. Kobelco Angang is a joint venture between Kobe Steel, Ltd. and China’s Angang Steel Company Limited, a leading subsidiary of Anshan Iron & Steel Group Complex.

Participating in the opening ceremony was Chairman and President Hiroya Kawasaki from Kobe Steel and Chairman Tang Fuping from Anshan Iron & Steel Group Complex. About 100 guests attended the ceremony including representatives from Japanese, Chinese, American, European and Korean automakers and parts manufacturers, as well as financial officials.

China is the world’s largest automobile market, and car production is anticipated to steadily grow. Governmental guidance is strengthening safety standards and environmental initiatives. Automakers are working to ensure passenger safety by making car bodies stronger, while reducing the weight of cars to improved fuel consumption. As a result, demand for automotive high strength steel is anticipated to increasingly expand in the future.

Company name: Kobelco Angang Auto Steel Co., Ltd.
Chairman: Wang Yidong (dispatched from Angang)
Location: Anshan, Liaoning Province, China (within Anshan’s steelworks, Anshan Base)
Production equipment: Continuous annealing line
Main Products: Cold-rolled high-strength steel sheet for automobiles (tensile strength of 590 MPa and higher)
Production capacity: 600,000 tons per year
Total investment: 1.75 billion yuan (33.3 billion yen)
Capital: 700 million yuan (13.3 billion yen)
Investment ratio: Angang Steel 51%, Kobe Steel (through Kobelco (China) Holding Co., Ltd.) 49%
Employees: About 100 (when in full operation)
Source of master coils: Angang Steel Company Limited

Source: Kobelco Angang Auto Steel Co Ltd

voda 2 mei 2016 20:28

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Management team appoints banker in Tata Steel UK purchase bid

Herald Scotland reported that the management team interested in buying Tata Steel's UK assets has appointed an investment banker as non-executive director. Excalibur Steel UK Limited, the vehicle founded with a view to the acquisition of Tata's steel business via a management and employee buy-out, said Mark Rhydderch-Roberts' position will take effect immediately.

He has held senior positions with a number of global investment banks and financial institutions, including S.G. Warburg.

He said: "I am delighted to have this opportunity to support the development of a company that could potentially transform the prospects and ownership of British steel making. I believe that Excalibur's proposed model of management and employee participation can also potentially provide the foundations of a transformed and profitable business which should be attractive to a wide range of investors and stakeholders."

On the board he joins Stuart Wilkie, the head of Tata's UK strip steel business, former Alcan senior executive and venture capitalist Roger Maggs, Simon Gibson, chief executive officer of Wesley Clover, and company secretary Jon Fernandez Lewis.

Tata is selling its UK assets, including the country's biggest steel plant at Port Talbot in south Wales, after suffering huge losses put at over £1 million a day.

Business Secretary Sajid Javid told MPs on Thursday the Government was doing all it could to save the business.

Source: Herald Scotland

voda 2 mei 2016 20:28

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New Scunthorpe steel works owners call for Government help to remain viable

Grimsby Telegraph reported that bosses of the new owners of Scunthorpe's steel works say it will need the Government's support if the business is to remain viable. Mr Marc Meyohas, a partner at Greybull Capital LLP which bought the business from Tata Steel, told the Commons Business Select Committee that publicly funded projects, such as HS2, must use British-made steel if the industry is to continue in North Lincolnshire.

He said "I think the Government is open to investing in British steel. It is critical that the dialogue delivers results. For British steel to be a success in the future, everyone needs to pull together to make that happen.”

He confirmed that Greybull had not received any written promises of support from Whitehall departments but felt reassured by conversations with ministers. He said “They have made it very clear that they are behind the industry. It is one of the reasons we decided to invest in this business. They are one of the stakeholders who are behind this plan and that is very welcome."

Business Secretary Mr Sajid Javid has refused to offer any direct reassurances, however, telling the committee that the Government would not buy British steel no matter the price. He said "They have to be competitive.”

Source: Grimsby Telegraph

voda 3 mei 2016 19:57

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Beursblik: Aperam boekt minder winst in eerste kwartaal

Lagere nikkelprijs drukt resultaten.

Roestvast staalproducent Aperam heeft in het eerste kwartaal minder winst behaald vanwege lagere verkoopprijzen als gevolg van een daling van de nikkelprijs. Dit stellen door ABM Financial News geraadpleegde analisten.

Het bedrijfsresultaat (EBITDA) komt volgens een gemiddelde van drie analisten uit op 112 miljoen dollar. In dezelfde periode een jaar eerder was dit 133 miljoen euro en in het voorgaande kwartaal 105 miljoen dollar.

De aandacht gaat ook uit naar hoeveel de kostenbesparingen van Aperam zullen bijdragen aan het bedrijfsresultaat. Volgens RBC zal Aperam hiermee ruimschoots de seizoensgebonden vertraging in Brazilië weten op te vangen.

Marktvorsers zijn verder benieuwd naar de verwachtingen van het bedrijf over de ontwikkeling van de vraag en prijzen in Europa. Ook wordt gekeken naar de schuldpositie van het bedrijf.

Analisten van Goldman Sachs zijn niet al te positief over de markten voor roestvast staal in Europa en verwachten dat de prijzen laag zullen blijven. Ze wijzen daarbij op de huidige lage prijzen voor nikkel; een essentiële grondstof voor de productie van roestvast staal. Omdat de nikkelprijzen worden doorberekend in de verkoopprijzen, wachten klanten met het aanvullen van hun voorraden als de prijs voor nikkel daalt.

Analisten van Deutsche Bank verwachten wel dat Aperam structureel zal profiteren van de verbeterende bezettingsgraad in Europa, terwijl de Braziliaanse bezittingen van het bedrijf meewind ondervinden van de lagere real.

Sectorgenoot Outokumpu, de marktleider in Europa, maakte afgelopen week kwartaalresultaten bekend. De winst daalde, zoals verwacht, vanwege de gevolgen van de lage nikkelprijzen. De Finnen zeiden ook dat de marktomstandigheden in het tweede kwartaal uitdagend zullen blijven, kijkend naar de wereldwijd economische onzekerheid en druk op de grondstofprijzen.

Aperam maakt woensdag na het slot in Amsterdam de resultaten bekend.

Op een groen Damrak daalde de koers met 1,0 procent op 34,00 euro.

Door ABM Financial News. Info@abmfn.nl: +31(0)20-26 28 999

[verwijderd] 3 mei 2016 20:08

0

quote:
voda schreef op 3 mei 2016 19:57:
Beursblik: Aperam boekt minder winst in eerste kwartaal

Lagere nikkelprijs drukt resultaten.

Roestvast staalproducent Aperam heeft in het eerste kwartaal minder winst behaald vanwege lagere verkoopprijzen als gevolg van een daling van de nikkelprijs. Dit stellen door ABM Financial News geraadpleegde analisten.

Het bedrijfsresultaat (EBITDA) komt volgens een gemiddelde van drie analisten uit op 112 miljoen dollar. In dezelfde periode een jaar eerder was dit 133 miljoen euro en in het voorgaande kwartaal 105 miljoen dollar.

De aandacht gaat ook uit naar hoeveel de kostenbesparingen van Aperam zullen bijdragen aan het bedrijfsresultaat. Volgens RBC zal Aperam hiermee ruimschoots de seizoensgebonden vertraging in Brazilië weten op te vangen.

Marktvorsers zijn verder benieuwd naar de verwachtingen van het bedrijf over de ontwikkeling van de vraag en prijzen in Europa. Ook wordt gekeken naar de schuldpositie van het bedrijf.

Analisten van Goldman Sachs zijn niet al te positief over de markten voor roestvast staal in Europa en verwachten dat de prijzen laag zullen blijven. Ze wijzen daarbij op de huidige lage prijzen voor nikkel; een essentiële grondstof voor de productie van roestvast staal. Omdat de nikkelprijzen worden doorberekend in de verkoopprijzen, wachten klanten met het aanvullen van hun voorraden als de prijs voor nikkel daalt.

Analisten van Deutsche Bank verwachten wel dat Aperam structureel zal profiteren van de verbeterende bezettingsgraad in Europa, terwijl de Braziliaanse bezittingen van het bedrijf meewind ondervinden van de lagere real.

Sectorgenoot Outokumpu, de marktleider in Europa, maakte afgelopen week kwartaalresultaten bekend. De winst daalde, zoals verwacht, vanwege de gevolgen van de lage nikkelprijzen. De Finnen zeiden ook dat de marktomstandigheden in het tweede kwartaal uitdagend zullen blijven, kijkend naar de wereldwijd economische onzekerheid en druk op de grondstofprijzen.

Aperam maakt woensdag na het slot in Amsterdam de resultaten bekend.

Op een groen Damrak daalde de koers met 1,0 procent op 34,00 euro.

Door ABM Financial News. Info@abmfn.nl: +31(0)20-26 28 999

??

voda 3 mei 2016 20:13

0

quote:
SBP schreef op 3 mei 2016 20:08:
[...]

??

Duidelijk een nieuwkomer, die weinig weet! Heer L. Mittal & familie hebben een groot aantal aandelen Aperam in bezit. Aperam was ooit afgesplist van Arcelor Mittal!!

nl.wikipedia.org/wiki/Aperam

[verwijderd] 3 mei 2016 20:20

0

quote:
voda schreef op 3 mei 2016 20:13:
[...]
Duidelijk een nieuwkomer, die weinig weet! Heer L. Mittal & familie hebben een groot aantal aandelen Aperam in bezit. Aperam was ooit afgesplist van Arcelor Mittal!!

nl.wikipedia.org/wiki/Aperam

Duidelijk een snelle reactie van iemand die mij totaal niet kent!
Ik had het stukje over de 'groene Damrak' vetgedrukt omdat ik dat niet begrijp.
Gezien het aantal van mijn posities mag ik hopen voor mezelf dat ik wist van Aperam en AM.
Het artikel is verder ook nuttig net als jouw meeste posts.
Misschien wel eerst even goed kijken voordat je meteen zo ongenuanceerd uit de hoek komt volgende keer.

voda 3 mei 2016 20:27

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Arcelor Mittal and Marcegaglia may bid for ILVA if CDP joins hands

ANSA reported that Arcelor Mittal and Italy's Marcegaglia steel group are ready to bid for troubled steelmaker ILVA if government bank Cassa Depositi e Prestiti (CDP) comes in with them.

Sources told ANSA that “If CDP agrees to join, the remainder of the consortium will be 85% Arcelor Mittal and 15% Marcegaglia.”

The two groups had talks with CDP Monday outlining their plans. They said they would make a binding offer by end-May deadline if the government bank comes into a three-way consortium.

ILVA has been put up for sale after the court-ordered seizure of assets at its highly polluting Taranto plant, which is being cleaned up.

Source: ANSA

voda 3 mei 2016 20:32

0

quote:
SBP schreef op 3 mei 2016 20:20:
[...]

Duidelijk een snelle reactie van iemand die mij totaal niet kent!
Ik had het stukje over de 'groene Damrak' vetgedrukt omdat ik dat niet begrijp.
Gezien het aantal van mijn posities mag ik hopen voor mezelf dat ik wist van Aperam en AM.
Het artikel is verder ook nuttig net als jouw meeste posts.
Misschien wel eerst even goed kijken voordat je meteen zo ongenuanceerd uit de hoek komt volgende keer.

Oke. Ik had die groene/BOLD opmerking gemist, ik snap nu je opmerking. Mijn excuses. Mea culpa, mea maxima culpa.

voda 3 mei 2016 20:42

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Moody's downgrades US Steel's CFR to B3 and assigns B1 rating to senior secured note offering; outlook negative

Moody's Investors Service has downgraded United States Steel Corporation's (U.S. Steel) Corporate Family Rating (CFR) to B3 and its Probability of Default rating to B3-PD from B1 and B1-PD respectively. At the same time Moody's downgraded the senior unsecured notes rating to Caa1 from B2 and the industrial revenue bond ratings, guaranteed by U.S. Steel, to Caa1 from B2. The speculative grade liquidity rating remains unchanged at SGL-2. This concludes the review for downgrade initiated on March 31, 2016.

Source : Strategic Research Institute

voda 3 mei 2016 20:46

0

AISI update on raw steel production in US in Week 17

In the week ending April 30, 2016, domestic raw steel production was 1,711,000 net tons while the capability utilization rate was 73.2 percent. Production was 1,649,000 net tons in the week ending April 30, 2015 while the capability utilization then was 69.8 percent. The current week production represents a 3.8 percent increase from the same period in the previous year. Production for the week ending April 30, 2016 is up 1.6 percent from the previous week ending April 23, 2016 when production was 1,684,000 net tons and the rate of capability utilization was 72.0 percent.

Source : Strategic Research Institute

[verwijderd] 3 mei 2016 21:07

0

quote:
voda schreef op 3 mei 2016 20:32:
[...]
Oke. Ik had die groene/BOLD opmerking gemist, ik snap nu je opmerking. Mijn excuses. Mea culpa, mea maxima culpa.

Geaccepteerd! En ook dank voor het plaatsen van je berichten.

florida7 3 mei 2016 23:04

0

LONDEN (AFN/RTR) - Staalbedrijf Liberty House brengt dinsdag een overnamebod uit op Tata Steel UK, dat samen met de hoogovens in IJmuiden de Europese divisie van de Indiase staalfabrikant vormt. De Britse tak werd eind maart in de etalage gezet en een deel werd eerder deze maand verkocht aan investeerder Greybull Capital.
Liberty House krijgt, als het bod geaccepteerd wordt, onder meer de grootste staalfabriek in het Verenigd Koninkrijk in handen. Die staat in Port Talbot in Wales. De verkoop van Tata Steel UK, ingegeven door aanhoudend moeilijke marktomstandigheden, leidt mogelijk tot het verlies van duizenden arbeidsplaatsen.
Naast Liberty House is ook Excalibur Steel geïnteresseerd in een overname van de Britse activiteiten van Tata. De Britse overheid zou om banenverlies te voorkomen de uiteindelijke koper met honderden miljoenen ponden willen ondersteunen. Het gaf aan een belang van 25 procent te willen nemen in het bedrijf.

voda 4 mei 2016 17:52

0

Jaarvergadering ArcelorMittal stemt in met besluiten

Alle voorstellen goedgekeurd.

De jaarvergadering van ArcelorMittal heeft alle besluiten goedgekeurd. Dit maakte het staalbedrijf woensdag bekend.

Aandeelhouders stemden onder andere in met de herbenoemingen van de commissarissen Vanisha Mittal Bhatia, Suzanne Nimocks en Jeannot Krecké. Karel de Gucht werd als nieuwe commissaris benoemd.

Door ABM Financial News. Info@abmfn.nl: +31(0)20-26 28 999

Vertraagd	19 feb 2025 17:35
Koers	27,220
Verschil	-0,490 (-1,77%)
Hoog	27,930
Laag	26,890
Volume	3.118.225
Volume gemiddeld	2.582.844
Volume gisteren	2.424.499

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