Eurobench.com

voda 6 juli 2016 16:46

0

Sülzle Stahlpartner to supply 17,000 tons of steel for the construction of the Rastatt railroad tunnel

The Sülzle Stahlpartner company of the SÜLZLE Group is supplying the steel for the construction of the railroad tunnel in Rastatt. The specialist company will have supplied around 17,000 tons of reinforcing steel by the time the project is completed. The steel will be used in the construction of the tunnel crosscuts and the troughs of the northern and southern tunnel portals. The structure is part of the expansion and reconstruction of the 182 kilometer-long railroad from Karlsruhe to Basel.

Source : Strategic Research Institute

Bijlage:

voda 6 juli 2016 16:47

0

MMK increases steel shipments to CLAAS

OJSC Magnitogorsk Iron and Steel Works announced that its Trading House continues to increase shipments of high-tensile steel used in the production of TUCANO combine harvesters at the CLAAS factory in Russia (Krasnodar Territory). As a result, the proportion of components used in these combine harvesters produced from Russian steel increased to 70%.

Source : Strategic Research Institute

voda 6 juli 2016 16:48

0

Usiminas split possible but negotiations not started - Nippon Steel & Sumitomo Metal

Reuters reported that a split-up of Brazilian steelmaker Usiminas between controlling shareholders remains an option for resolving a two-year boardroom dispute, but negotiations have not yet started. Mr Yoichi Furuta, chief executive for Nippon Steel & Sumitomo Metal in Brazil, told reporters the Japanese company remains committed to Brazil and Usiminas.

Furuta's comments were the first to be made publicly by a Nippon Steel executive in Brazil about the dispute with fellow controlling shareholder Ternium, which has been ongoing since 2014.

Speaking in Sao Paulo, Furuta said Nippon Steel opposes the recent appointment of Sergio Leite as CEO of Usiminas because it broke a shareholder pact requiring consensus between controlling parties. Nippon Steel has taken the issue to court.

In a split-up, Furuta said he believed it would make most sense for Nippon Steel to take Usiminas' mill in Ipatinga, while Ternium could get the Cubatao mill in the neighboring state of Sao Paulo.

Usiminas has already stopped steel production at its Cubatao mill, slowed work at its mines and laid off thousands of employees as it suffers through Brazil's worst recession in decades.

Furuta said Usiminas was looking at possibly laying off more workers.

Source : Reuters

voda 6 juli 2016 16:56

0

Bhavngar based steel re-rolling mills expect demand revival after monsoon

Business Standard reported that Bhavnagar-based steel re-rolling mills, that are going through a slump with almost 30 per cent dip in demand, hope for a revival post monsoons.The industry feels that with the government promoting affordable housing schemes, demand for re-rolled steel would rise around Diwali. Moreover, upcoming government's infrastructure projects too will support the industry to come out of recession. Infrastructure, real estate and construction sectors are the key markets for TMT bars, channel angles and sections manufactured by these re-rolling mills. The industry is currently operating at 70 per cent utilisation of processing plants, and hopes that would be able to achieve full capacity utilisation by the year-end.

Mr Haresh Patel, president of Sihor Steel Re-rolling Mills' Association, said "We are expecting that real estate sector will revive after this monsoon and fresh demand for re-rolling steel will increase. Moreover, government promoted affordable housing schemes will also generate demand post Diwali this year.”

There are about 120 steel re-rolling mills in Gujarat, mainly located in Bhavnagar district. The industry provides employment to over 10,000 people. Most of the finished products including TMT bars, MS channel angles and sections manufactured by these re-rolling mills are consumed in real estate and infrastructure projects in Gujarat, Maharashtra and Rajasthan.

Source : Business Standard

voda 6 juli 2016 16:56

0

Primetals Technologies receives first order for SWGR for a sinter plant in China

Chinese steel producer Shandong Iron & Steel Corporation Limited (Shansteel) has ordered a selective waste gas recirculation (SWGR) system from Primetals Technologies for its new sinter plant in Rizhao, Shandong Province.

Source : Strategic Research Institute

voda 6 juli 2016 16:57

0

VW, Daimler and Bosch raided as part of antitrust investigation on steel purchases

The Local reported that Volkswagen, Daimler, and Bosch are suspected of colluding on steel prices, leading to raids on their offices by the German federal competition watchdog. Six companies were raided during the search, which was conducted by 50 antitrust agents with the support of local police and state prosecutors

Kay Weidner, a spokesperson for Germany's competition watchdog told The Local in a statement "I can confirm that on June 23rd, 2016, the Bundeskartellamt (federal competition watchdog) conducted a search related to the purchasing of steel in the auto and autopart industries.”

Weidner said no charges have been filed, adding that the searches do not mean that antitrust laws were violated.

Bosch, Daimler, and Volkswagen all confirmed they were among the six companies searched. All three also told the Schwäbische Zeitung they were cooperating with the authorities. Parts manufacturer ZF, which is based in Friedrichshafen, also confirmed it was part of the investigation.

EU antitrust laws state that companies are forbidden from any acts that would undercut market prices on any resource. Even simply discussing an act of collusion can result in heavy fines.

Source : The Local

voda 6 juli 2016 16:58

0

Steel sector outlook - Charting forward journey - Mr Sushim Banerjee

Mr Sushim Banerjee DG of Institute of Steel Growth and Development in his personal capacity wrote in Financial Express that as we enter the second quarter of the current fiscal, there is a mixed feeling on what is in store for the coming three months. A quick environment scanning would tell us that the global political scenario would largely impact and dominate the economic behaviour of each country. EU members would take time to fully diagnose the implications of the outcome of British referendum. There are already depressing reports on Indian exports to the UK and if that really happens, it may reverse the pattern of our EU trade also. Thankfully it must be acknowledged that India is no longer counted as an outsider in any politico-economic issues engulfing developed or developing countries except in the small group led by China. The large economies of Iran and Saudi Arabia look upon India as an invaluable trading partner. The US, the largest trade ally of India, has been consistently pursuing non-discriminatory trade policy with us.

However, Latin America, thoroughly engrossed in solving internal economic issues, is yet to develop a pro-India attitude in trade matters. Almost similar is the trade outlook with Turkey, Mexico and a few others. All talks of global partnership and easy movement of goods and services across and within the countries fell to naught due to the renewed vigour and steadfast grit with which the international terrorism is surfacing time and again with its ugly head, anywhere and everywhere in the world. These events are unpredictable like natural calamities, sudden and ghastly and indeed take the economic journeys undertaken by various countries in different regions by different political regimes at least a few years’ back.

The positives for India are many and appear to be unleashing the potential to yield benefits despite the frequent roadblocks created by the above events. A comparison of the steel prices in the last six months shows that early January levels declined by the end of first quarter of 2016 and although the demand-supply mismatch continues to prevail upon the buyers to exercise downward pressure on prices, the realisations at the start of the current quarter are much higher than December 2015 levels.

It is apparent that Gross Value Added of the corporate sectors, be in industrial or service sectors, would spruce up. However, the same rising trend may not reflect itself in the output growth. The core sectors comprising 38% share in industry went up by 2.8% in May 2016 as compared to the previous year. The government has recently enhanced the FDI limits in various sectors (Defence: 100% from 49% with government approval, civil aviation: 100% from 49%). The country has improved its ranking in Doing Business from 134 to 130 in 2016 and in Global Competitiveness Index it occupies 55 ranking in 2015-16 from 71 in previous year. More infusion of FDI in construction, defence and airports is likely to provide good stimulus for growth in these sectors.

The Purchasing Managers’ Index for May 2016 for manufacturing at 51.7 is another shot in the arm for each producer. The positive response on order booking status is indicative of a turnaround, however small it could be. Thanks to MIP, SD imposed by an appreciative government, a large part of rise in PMI, one must admit, is on account of lower imports of cheap steel from China, Russia, South Korea and Japan. Efforts are on to continue to enjoy the benefits of an expanded market (left by imports) by instituting investigation on dumping charges in case of HRC and Wire Rods.

The lacklustre pattern of internal demand is the weak link. While passenger car sales grew by 8.7% in April-May 2016, commercial vehicle sales rose by 17.12% and 2-wheeler sales grew by 15.3% during the period and outputs of consumer durables and machinery and equipment sector rose by 11.8% and 7.6%, respectively in April-May 2016, capital goods and construction sectors’ (particularly real estate) growth were much subdued. Time is now appropriate to introduce a uniform GST for seamless movement of goods across the country.

Thus environment scanning for critical sectors of the economy, steel being one of them, has become a complex exercise. It is worth monitoring the major influencing factors and to prepare a dynamic framework to chart out the forward journey.

Source : Financial Express

voda 6 juli 2016 17:00

0

India starts anti dumping probe on color coated steel (PPGI) imports from China and EU

India's Director General of Anti Dumping vide notice no 14/28/2016-DGAD dated June 29th 2016 announced that based on a petition filed by Essar Steel Limited and JSW Steel Coated Products Limited it has initiated anti dumping investigation on the alleged import of "Color coated / pre-painted flat products of alloy or non alloy steel" originating from China and European Union. DGAD said that authority prima facie finds sufficient evidence of dumping causing injury to domestic industry and that he applicants have requested for imposition of retrospective imposition of anti dumping duty

Source : Strategic Research Institute

Bijlage:

voda 6 juli 2016 17:02

0

China is more motivated over global steel stability

Shanghai Daily reported that China reiterated that it is more motivated to ensure stable steel prices globally and has discouraged massive exports of steel products. Mr Shen Danyang, spokesman for the Ministry of Commerce, said “As one of the largest nations producing steel, China is more motivated than others to maintain a stable global steel trading market.”

He said that China’s steel production serves mainly the domestic market and China has cut export tax rebates and levied higher tariffs to discourage steel exports and excess production.

He said “For the first five months of this year, steel exports actually fell 22 percentage points from the same period of last year to 6.8 percent. This shows that China has done its part to ensure a stable steel market.”

He added that China’s steel products were highly competitive, not only boosting the economic development of countries that import them, but also bringing real benefits to downstream users and consumers

He said “As trade protectionism can only further disrupt the order of international trade, the Chinese government believes that negotiation and cooperation are key to solving steel trade frictions.”

Source : Shanghai Daily

voda 7 juli 2016 17:03

0

'Tata staakt verkoop Britse tak voorlopig'

Gepubliceerd op 7 jul 2016 om 12:14 | Views: 2.183

LONDEN (AFN) - Tata Steel staakt voorlopig zijn pogingen om zijn Britse activiteiten te verkopen, vanwege de grote onzekerheid rond de brexit. Dat meldde persbureau Bloomberg donderdag op basis van ingewijden.

Tata heeft door de Britse stem voor een vertrek uit de EU veel potentiële kopers van zijn Britse activiteiten zien afhaken. Het moederbedrijf van de Hoogovens in IJmuiden wil nog altijd van de verlieslijdende activiteiten af, en kan het verkoopproces opnieuw opstarten als de gevolgen van de brexit duidelijker worden, aldus de bronnen.

voda 7 juli 2016 17:04

0

Brussel breidt onderzoek staaldumping uit

Gepubliceerd op 7 jul 2016 om 11:34 | Views: 2.312

BRUSSEL (AFN) - De Europese Commissie heeft zijn onderzoek naar dumping van staalproducten op de Europese markt uitgebreid. Onderzocht wordt of naast China ook Rusland, Oekraïne, Servië, Iran en Brazilië producten onder de kostprijs op de markt brengen.

Het gaat om warmgewalst staal, dat in Europa door bedrijven als ArcelorMittal en ThyssenKrupp wordt geleverd aan de bouw en industrie. Die markt is goed voor ongeveer 10 miljard euro.

voda 7 juli 2016 17:09

0

ArcelorMittal: More Reasons To Buy

Jul. 6, 2016 6:15 PM ET
|

Alpha Investor

•Apart from an improvement in the steel market, ArcelorMittal will also benefit from strength in the iron ore segment that has picked up impressive pace this year.

•ArcelorMittal’s mining segment has seen an improvement in its EBITDA on a sequential basis as iron ore pricing has improved, and it is probable that the trend will continue.

•The likes of Morgan Stanley have significantly upgraded their iron ore price forecasts for 2016 and 2017 on the back of improving demand from China.

•Chinese iron ore demand will continue improving as imports could hit 1 billion tons this year due to investments in infrastructure projects.

•More importantly, China’s manufacturing and services PMI have been in good shape over recent months, which is good news for ArcelorMittal since iron ore consumption will increase.

In an article last month, I had discussed how an improvement in steel demand in the U.S. and Europe, along with the imposition of anti-dumping duties, will have a positive impact on ArcelorMittal's (NYSE:MT) financial performance going forward. But, apart from the improvement in the steel market, there's another segment that will contribute positively to ArcelorMittal's performance going forward - mining. Let's see why.

What the mining segment means for ArcelorMittal

In terms of revenue generation, mining is the smallest segment for ArcelorMittal with revenue of $600 million. However, as far as EBITDA generation is concerned, this segment holds more weight than ArcelorMittal's Africa and CIS steel operations. More importantly, the mining segment of ArcelorMittal, which primarily deals in iron ore, is quite resilient due to continuous cost reductions.

For instance, last quarter, even though the revenue from the mining segment was down almost 21%, EBITDA declined a relatively lower 14%. Now, ArcelorMittal's mining business has been under pressure of late due to a drop in iron ore prices and shipments, but the fact that there has been an improvement on a sequential basis cannot be ignored.

For instance, last quarter, ArcelorMittal's mining EBITDA increased over 9% on the back of better iron ore price realizations. This is not surprising as the price of iron ore has rallied impressively in the first half of 2016, prompting the likes of Morgan Stanley to raise their iron ore price forecasts for 2016.

In fact, Morgan Stanley has bumped its iron ore pricing forecast for 2016 by 17%, while for next year, it has bumped its iron ore price forecast by 13%. A key factor that has led to an increase in the price forecast is the strong demand for iron ore from China, where imports of the commodity have remained robust this year on the back of strength in certain key areas.

More importantly, it is likely that the strength in the iron ore market will continue going forward, which will prove to be a tailwind for ArcelorMittal. Let's see why.

Factors that will drive iron ore pricing

China's iron ore import data for June is not out yet, but the data that's available until the end of May paints a rosy picture. This is because China has imported 412 million tons of iron ore from January until May this year, a rise of over 9% from last year. In May itself, iron ore imports gathered stronger momentum in China with a year-over-year increase of over 22%.

At this pace of iron ore imports into China so far this year, it is likely that overall imports will probably hit 1 billion tons by the end of 2016. This will be a jump of 3.3% in imports as compared to 2015. Considering that China consumes 70% of seaborne iron ore imports across the world, the rise in iron ore consumption in the country this year is good news for the likes of ArcelorMittal.

What's even more important to note is that the strength in China's consumption of iron ore will continue going forward due to the country's focus on developing infrastructure projects. More specifically, the country has outlined an investment of $720 billion until 2018 to develop more than 300 transport projects.

This is not surprising considering the increasing pace of urbanization in China. As more and more of the Chinese population shifts into the cities, infrastructure such as roads and housing needs to be developed. As a result, the country will continue to develop infrastructure going forward and this will lead to an increase in demand for iron ore since it is a key ingredient in steelmaking.

voda 7 juli 2016 17:11

0

Deel 2:

Additionally, the housing sector in China is also gaining pace of late and this will be another tailwind for iron ore demand. According to the last available data, China saw a jump of over 53% in home sales over the January to May period this year, clocking $482 billion. This has eventually led to a bump in housing starts in China, which have increased 18.3% in the first five months of the year. Thus, as housing demand continues to pick up pace, the improvement in iron ore demand will continue since more steel will be needed due to a rise in housing starts.

Moreover, investors should not miss the fact that China's manufacturing and services PMI are finally putting in some consistent numbers. In June, the services PMI came in at 52.7, up from 51.2 in the month of May. This was the fastest jump in the services PMI in the past 11 months. An index of more than 50 indicates an expansion in the services sector. Similarly, the manufacturing data is also staying above 50, coming in at 50.0 in June after clocking 50.1 in both April and May.

Due to consistency in both these sectors, Chinese consumers will consider buying more homes going forward as the economy picks up pace. This will eventually create a positive impact on both steel and iron ore demand.

Conclusion

As discussed earlier in the article, ArcelorMittal's mining business has started showing sequential improvement of late. Looking forward, this trend will continue as China's iron ore demand picks up pace, helping the improvement in iron ore prices to sustain the momentum. Therefore, along with an improvement in the steel market, a gradual improvement in iron ore prices will play a key role in helping ArcelorMittal improve its financial performance.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

seekingalpha.com/article/3986724-arce...

voda 7 juli 2016 17:16

0

Tata Steel zet verkoopproces Britse tak stop - media

Brexit brengt te veel onzekerheden met zich mee voor staalmakers.

Tata Steel zet zijn verkoopproces van de Britse poot, waaronder de Talbot-vestiging, tijdelijk stop. Dit schreef persbureau Bloomberg donderdag op basis van bronnen, die bekend zijn met de situatie.

De op de zogeheten shortlist voorkomende geïnteresseerde partijen zouden zich volgens de bronnen hebben teruggetrokken vanwege de onzekerheden die de Brexit met zich meebrengt.

Het zou daarbij gaan om ten minste vier partijen, aldus Bloomberg. Volgens de bronnen zouden onder andere India's JSW Steel en Hebei Iron & Steel Group tot de belangstellenden behoren.

In maart van dit jaar maakte Tata Steel bekend de Britse operaties na jaren van verlies in de etalage te zetten waarmee 15.000 banen zouden zijn gemoeid. Dat zorgde destijds nog voor de nodige politieke bemoeienis. De Britse overheid wilde begin april potentiële kopers hulp bieden bij het groeiend pensioentekort en de zware energiekosten.

Tata Steel houdt volgens een bron tegenover Bloomberg een bestuursvergadering over de volgende te nemen stap nu de Britse tak uit de verkoop is gehaald.

Tata Steel verkocht in april al wel het onderdeel Long Products Europe, dat voornamelijk bezittingen in het Verenigd Koninkrijk omvat, zoals de staalfabriek in Scunthorpe, maar ook een fabriek in Noord-Frankrijk heeft. Het onderdeel verschaft werk aan 4.800 mensen, waarvan 4.400 in het Verenigd Koninkrijk werkzaam zijn en de rest in Frankrijk. Greybull Capital was toen de kopende partij.

Door: ABM Financial News.

Info@abmfn.nl

Redactie: +31(0)20 26 28 999

Copyright ABM Financial News. All rights reserved

(END) Dow Jones Newswires

voda 7 juli 2016 18:22

0

Brussel onderzoekt klachten over staaldumping

Eventuele maatregelen gericht tegen onder meer Rusland en Brazilie.

De Europese Commissie heeft opnieuw een klacht ontvangen van de Europese branchevereniging Eurofer over het dumpen van goedkope staalproducten door onder meer Rusland en Brazilië en onderzoekt nu of maatregelen gepast zijn. Dit maakte het uitvoerend orgaan van de Europese Unie donderdag bekend.

Eurofer diende in mei een klacht in over de goedkope invoer van bepaalde staalproducten uit Rusland, Brazilië, Oekraïne en Servië naar de Europese Unie.

Volgens de EC heeft Eurofer bewijs aangeleverd dat het dumpen van deze staalproducten een negatieve impact heeft gehad op de geleverde hoeveelheid en de prijzen van staalproducten door Europese staalbedrijven. Dit is reden voor de commissie om nu een onderzoek te starten naar de geldigheid van het door Eurofer geleverde bewijs.

Indien Brussel de conclusies van Eurofer bevestigt, dan behoort het invoeren van maatregelen om de import uit de betreffende landen te beperken tot de mogelijkheden.

Het onderzoekt richt zich op de periode van 1 juli 2015 tot 30 juni 2016. De EC zei dat het onderzoek binnen 15 maanden wordt afgerond.

Door: ABM Financial News.

Info@abmfn.nl

Redactie: +31(0)20 26 28 999

Copyright ABM Financial News. All rights reserved

(END) Dow Jones Newswires

voda 7 juli 2016 19:47

0

Alro Steel opens facility in Oklahoma

Metals and industrial supplies distributor Alro Steel has announced the opening of an 80,000-sq.-ft. facility in Tulsa, Okla. It replaces the company’s former 9,000-sq.-ft. Tulsa facility.

The larger footprint allows the company to process additional grades and sizes of metals, including alloys, aluminum, carbon, stainless, tool steel, copper, brass, and bronze.

Source : The Fabricator

Bijlage:

voda 7 juli 2016 19:49

0

POSCO to provide steel for LNG bulk carrier

Korea Herald reported that POSCO will provide its latest hadfield steel for the building of the world’s largest LNG bulk carrier. Starting from the third quarter, the steel company will supply the self-produced hadfield steel to Hyundai Mipo Dockyard, which will build the world’s largest LNG propel bulk carrier.

The hadfield steel, with 20 percent manganese, is durable under cold temperatures of up to minus 162 degrees Celsius.

The size of the new bulk carrier is expected to be around 50,000 tons, which is seven times larger than the average large LNG bulk ship. The new ship will feature an engine powered by either bunker-C fuel or LNG

The ship, scheduled for delivery by late next year, will carry limestone from Gangwon Province to POSCO’s Gwangyang Steelworks in South Jeolla Province, the company said.

Source : Korea Herald

Bijlage:

voda 7 juli 2016 19:51

0

Court slaps Essar Steel Algoma with another fine

Essar Steel Algoma Inc has pleaded guilty and has been fined CAD 60,000 after a worker slipped on ice on the way in to work and was injured. Essar Steel Algoma Inc. pleaded guilty to failing to keep a walkway used by workers free of hazards and/or accumulation of snow or ice.

The company was fined CAD 60,000 by Justice of the Peace Paula J. Nichols in Sault Ste. Marie court on July 6, 2016.

On the morning of March 11, 2015, an Essar employee was arriving at the mill, walking along a designated walkway employees are required to use. The worker slipped and fell on a build-up of ice in a slope across the walkway, sustaining injuries as a result.

Source : Soo Today

Bijlage:

voda 7 juli 2016 19:52

0

China accounts for 60 pct of Vietnam's imported steel in 2016

Xinhua reported that according to Vietnam Steel Association, imported steel from China has accounted for some 60 percent of Vietnam's total imported steel so far in 2016. Statistics by VSA showed that, so far this year, Vietnam imported over 9.6 million tonnes of all kinds of steel worth around USD 3.42 billion.

The figures post a year-on-year increase of 48 percent in volume and 1 percent in value, local Vietnam Economic Times quoted the VSA as saying.

VSA vice chairman Nguyen Van Sua said despite growth in domestic steel production and trading over the past time, Vietnam remains a big importer of steel.

In 2015, Vietnam imported some 18.7 million tons of steel, said the official.

Source : Xinhua

Bijlage:

voda 7 juli 2016 19:54

0

SMS group honored with the “Technology Provider of the year”

SMS group bagged the "Technology provider of the year" title at the 7th annual Steel Excellence Award. The award was presented by the American Metal Market (AMM) in New York at the Steel Awards Dinner, held in conjunction with the global Steel Success Strategies conference in June 2016.

Source : Strategic Research Institute

Bijlage:

Vertraagd	20 feb 2025 17:35
Koers	26,820
Verschil	-0,400 (-1,47%)
Hoog	27,510
Laag	26,820
Volume	2.493.470
Volume gemiddeld	2.619.776
Volume gisteren	3.118.225

11 feb	Von der Leyen verwerpt Amerikaanse im...	2
10 feb	Trump dreigt met importheffingen op s...
09 feb	ArcelorMittal en Aperam weekwinnaars
07 feb	Deutsche Bank verhoogt koersdoel Arce...
06 feb	Beursblik: ArcelorMittal overtreft ve...
06 feb	AEX opent waarschijnlijk hoger. Let o...	2
06 feb	ArcelorMittal ziet verlies afnemen	1
05 feb	Beursblik: beter vierde kwartaal bij ...
03 feb	Deze 5 aandelen kunnen deze week voor...
03 feb	Video: optimisme beursexperts volledi...	1

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws