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voda 12 september 2016 17:01

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British steel workers plead with ministers to push for Heathrow expansion

IB Times UK reported that British steel workers will plead with ministers this week to push ahead with plans to expand Heathrow, claiming a new runway will keep steel jobs. Union leaders, backed by MPs and business chiefs, will write to Business Secretary Greg Clarke calling on him to back plans for the third runway.

The project would require a 10th of Britain's total steel output for 2015 making the contract highly sought-after. An estimated 370,000 tons of steel will be needed to complete the expansion which will include new terminals, securing at least 700 jobs for the next 10 years.

Heathrow has announced it plans to give British steel companies a fair opportunity in vying for the lucrative contract, rallying plants in Scunthorpe, Port Talbot and Teesside.

Source : IBTimes UK

voda 12 september 2016 17:01

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Dalzell steelworks in Motherwell close to reopening

BBC reported that the reopening of a mothballed steelworks moved a step closer as a newly-recruited workforce began preparatory works. It was the first production activity to take place at the Dalzell works in Motherwell in 10 months.

The plant was mothballed by Tata Steel before being taken over by Liberty House in April. The firm said it had employed 110 people and planned to restart formal production on 28 September. Its recruits include former employees who have returned to the steel processing mill, and a number of apprentices.

Liberty House said the plant had already secured a number of orders and 10,000 tonnes of slab had been delivered from the British Steel works at Scunthorpe.

This week, workers have begun cutting steel slabs in readiness for rolling into plate steel, which is used in the construction, vehicle manufacture and energy sectors.

Mr Jon Bolton, of Liberty Steel UK, said: "We're getting very close to the point where we can start making steel plate at Dalzell once again. With the start of slab-cutting this week and, with excellent progress being made on recommissioning of the rolling mill, we are right on target to keep our promise to have the works fully operational again in the autumn."

Source : BBC

voda 12 september 2016 17:04

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Global Steel Holding audits Itakpe iron ore firm NIOMC

Nigerian Punch reported that Global Steel Holdings Limited has started auditing the Nigerian Iron Ore Mining Company at Itakpe. The audit, which will be followed by another audit of the iron ore exploitation company by the Federal Government, is to establish the resources available as well as to enable the Indian concessionaire to prepare a business plan.

The Special Assistant (Media) to the Minister of Mines and Steel Development, Mr Yinka Oyebode, confirmed the audit in a telephone interview with their correspondent. According to him, the audit of NIOMCO by the GSHL is in line with the concession agreement, which the company recently signed with the Federal Government.

After auditing NIOMCO, the GHSL is required to submit a business plan for the revival of the Itakpe iron mine.

Oyebode said both the audit being conducted by the GHSL and the one to be conducted by the Federal Government would be reconciled by an independent auditor.

He added that these events had a timeline of 100 days from the time that the GSHL signed an agreement with the Federal Government.

Under the new arrangement, the concessionaire is to implement the business plan to be approved by the Federal Government.

The Federal Government had through a concession arrangement handed over the Ajaokuta Steel Complex and NIOMCO, Itakpe to the GSHL but years later no significant progress had been reportedly made by the investor to turn around the companies, thereby prompting the government to revoke the concession agreements. This resulted in a legal battle to reclaim the companies by the GSHL. However, a recent out of court settlement saw the GSHL withdrawing its suit while the government conceded to it the right to operate the Itakpe firm, which is an iron ore feeder plant to Ajaokuta.

Source : Punch NG

Bijlage:

Azoia 12 september 2016 19:16

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US Places Further Dispute Duties On Chinese Steel
by Mike Godfrey, Tax-News.com, Washington
12 September 2016
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On September 7, the US Department of Commerce (Commerce) announced its affirmative preliminary decision to impose anti-subsidy countervailing duties (CVDs) on imports of carbon and alloy steel cut-to-length plate (CTL plate) from China.

Preliminary CVD margins of 210.50 percent have been calculated on all producers/exporters in China. As a result, Commerce will instruct US Customs and Border Protection to require cash deposits based on these preliminary rates.

Commerce is currently scheduled to announce its final CVD determinations on or about January 19, 2017. If Commerce makes an affirmative final decision, and the US International Trade Commission (ITC) also makes affirmative final determinations that imports of CTL plate from China are materially injuring the US domestic industry, Commerce will issue a CVD order. The ITC is scheduled to make its final injury decisions approximately 45 days after Commerce issues its final determinations, if affirmative.

There is also a concurrent anti-dumping duty (AD) investigation by Commerce over imports of Chinese CTL plate. A preliminary decision was originally expected by September 15, but has been delayed for up to 50 days pending the obtaining of further information. ADs of around 68 percent on Chinese exporters have been alleged.

Commerce's latest decision further develops the large number of trade disputes currently involving the US steel sector and imports from China. Other investigations include imports of cold-rolled steel flat products, non-oriented electrical steel, corrosion-resistant steel products, and stainless steel sheet and strip. In addition, Commerce has begun to impose very substantial CVD and AD margins on Chinese exporters that are far higher than those on other countries' exporters.

The Chinese Ministry of Commerce (MOC) made an immediate response following the latest decision by Commerce. Its spokesman stressed that the decision went against the opposition expressed in the recent G20 leaders' summit in Laos "to any form of trade and investment protectionism and to the extension to the end of 2018 of the commitment not to resort to new trade protectionism."

MOC reiterated that "China hopes that the US will comply with World Trade Organization (WTO) rules, and believes that the best way to solve the current problems in the global steel industry should be a coordinated response to promote its recovery, rather than resorting to frequent trade protection measures."

In previous statements, MOC has emphasized that, in its opinion, the current overcapacity in the global steel industry is due to weak economic growth and reduced global demand, and that the US steel industry is also suffering from a lack of investment in new technology. It has confirmed that it will use the WTO dispute settlement mechanism to defend the interests of Chinese exporters.

TAGS: TAX | BUSINESS | ANTI-DUMPING | CHINA | MANUFACTURING | TRADE DISPUTES | UNITED STATES | IMPORT DUTY | G20 | TRADE

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Azoia 12 september 2016 19:21

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www.theguardian.com/business/2016/sep...

voda 12 september 2016 19:27

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quote:
Azoia schreef op 12 september 2016 19:21:
www.theguardian.com/business/2016/sep...

Hallo Azoia,

Hartelijk welkom op dit Arcelor forum.

Mag ik je vragen waarom je juist deze draad kiest om aanvullende informatie te plaatsen (hartelijk dank daarvoor natuurlijk)

Azoia 12 september 2016 22:06

0

quote:
voda schreef op 12 september 2016 19:27:
[...]
Hallo Azoia,

Hartelijk welkom op dit Arcelor forum.

Mag ik je vragen waarom je juist deze draad kiest om aanvullende informatie te plaatsen (hartelijk dank daarvoor natuurlijk)

Dank u Voda, het gaat mij niet zo zeer om de site maar meer om wat er allemaal te vinden is on dit gebied, zo ben ik ook hier terecht gekomen. Ben mijn lijst aan het aanvullen om mijzelf in te lezen en een goede stap te kunnen maken. Ik hoop hier wat op te steken van wat anderen aan news posten. Al heb ik al ondekt dat veel news vanuit uw naam komt waarvoor ook dank.

Azoia 12 september 2016 22:22

0

wap.business-standard.com/article/eco...

torro 12 september 2016 22:32

0

Aegon grootste stijger.
(ABM FN-Dow Jones) Op Wall Street zijn maandag alle negen AEX-genoteerde fondsen ten opzichte van het slot in Amsterdam hoger gesloten.
Aegon (2,13%)
ArcelorMittal (2,03%)
ASML (0,98%)
Galapagos (0,73%)
ING Groep (1,20%)
Philips (0,90%)
RELX (0,62%)
Royal Dutch Shell (0,31%)
Unilever (0,74%)
Euro/dollar: 1,1231
Op basis van de bovenstaande koersuitslagen zou de AEX index, die sloot op 447,60 punten, zijn geëindigd op 450,30 punten.

Azoia 13 september 2016 08:48

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Chinese steel futures extend losses on demand worries
Tue Sep 13, 2016 9:24am IST

* Steel and iron ore futures at 7-week lows

* Steady supply, slow demand pick-up hurt expectation

* China August steel output rises for 6th straight month

SHANGHAI, Sept 13 (Reuters) - Chinese steel futures stretched losses to a seven-week low on Tuesday on worries over demand in the world's top producer, dragging down prices of raw material iron ore.

Concerns over a slow recovery in demand after the summer construction lull amid steady supplies of steel have raised concerns that prices could come under further pressure.

"The rise in August was driven by expectations that demand would pick up in September but the reality is we haven't seen any boost in buying for now," said Xia Junyan, an investment manager of Hangzhou CIEC Trading Co in Shanghai.

China has made increased efforts to cut steel overcapacity, toughening its stance in an environmental crackdown and shutting many smaller mills. However, analysts expect the government will work to meet its annual target, but won't exceed it.

"The production interruptions lifted sentiment earlier, and now the market does not have any stories to trade," Xia said.

China promised to slash steel capacity by 45 million tonnes this year and cuts in the first seven months of the year amounted to 47 percent of the annual target, spurring Beijing to vow to quicken its pace.

The most active futures contract for construction product rebar on the Shanghai Futures Exchange hit a session low of 2,264 yuan ($339.38) a tonne, its lowest since July 25. It traded 1.8 percent lower at 2,265 yuan by the midday break.

China's crude steel output rose 3 percent in August from a year ago, the sixth straight monthly rise and the latest sign that a rally in prices and pick-up in demand spurred mills in the world's top producer to ramp up output.

On the Dalian Commodity Exchange, the benchmark iron ore futures contract fell 3.1 percent to 392.5 yuan a tonne by midday, earlier touching its lowest since July 27.

($1 = 6.6798 Chinese yuan renminbi) (Reporting by Ruby Lian and Josephine Mason; Editing by Richard Pullin)

Azoia 13 september 2016 16:09

1

EU flat steel distributor shipments down 10% in July
www.metalbulletin.com/Article/3585224...

voda 13 september 2016 16:15

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Amerika bevestigt voorlopige maatregelen tegen invoer roestvast staal

Heffing op import uit China van 76,6 procent.

(ABM FN-Dow Jones) Het Amerikaanse ministerie van Handel heeft maandag voorlopige antidumping maatregelen bevestigd tegen de invoer van roestvast staal uit China.

De heffing op roestvast staal uit China bedraagt 76,64 procent.

De maatregel tegen het dumpen van goedkoop roestvast staal door China in Amerika volgt op een klacht die Amerikaanse staalproducenten begin februari 2016 hadden ingediend.

Analisten van Jefferies schreven dinsdag in een reactie dat de antidumping maatregelen zouden moeten helpen om de invoer vanuit China tegen te gaan. De marktvorsers wezen erop dat dit jaar 10 procent van alle invoer van roestvast staal in Amerika uit China kwam.

De Europese roestvast staalproducenten Outokumpu en Acerinox hebben de grootste blootstelling aan de Amerikaanse markt volgens de analisten. Het in Amsterdam genoteerde Aperam in mindere mate.

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 13 september 2016 16:18

0

quote:
Azoia schreef op 13 september 2016 16:09:
EU flat steel distributor shipments down 10% in July
www.metalbulletin.com/Article/3585224...

Je bent lekker bezig met nieuws. Prima werk. Hierbij je eerste duimpje (AB).

Succes en bedankt voor de informatie.

Azoia 13 september 2016 16:34

0

Turkish steel scrap import prices static in quiet holiday trade

Liverpool (Platts)--13 Sep 2016 937 am EDT/1337 GMT

The Turkish market for imported scrap was quiet Monday, with the buy-side out in observance of the Eid holiday.

Sell-side opinion on tradeable value of heavy melting scrap I/II (80:20) was torn.

A trader sold out of the US East Coast 8,000 mt of 80:20 at $224/mt CFR, 1,500 mt of shred at $229/mt CFR and 2,000 mt of plate and structural at $234/mt CFR.

The cargo was sold to a Marmara-based EAF steelmaker for prompt September loading.

Article Continues below...

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A source close to the deal estimated tradeable value at $220/mt CFR Monday, suggesting it had been concluded over Thursday/Friday.

It was also an unusually small tonnage for US East Coast shipments into Turkey, and the trader has not been heard selling ex-US before.

One German merchant said premium 80:20 would be tradeable below $220/mt CFR, and that the market might be weakening with a few cargoes seeking absent buyers.

A Benelux-based merchant estimated $223/mt CFR as repeatable on the back of the deal -- his company was heard to be trying to move material last week, though he said lower intake meant he did not have material to sell.

A trader said scrap was still undervalued versus billet, with CIS offers remaining strong.

Chinese prices have ticked lower of late, however, and talk has emerged of mills committing to Chinese semis in the last few days.

S&P Global Platts' daily assessment of Turkish deepsea 80:20 imports was static at $220/mt CFR Monday.

--Colin Richardson, colin.richardson@spglobal.com
--Edited by Alisdair Bowles, alisdair.bowles@spglobal.com
www.platts.com/latest-news/metals/liv...

voda 13 september 2016 16:46

0

Sicagen to buy fabrication firm Danish Steel

Business Line reported that Mr Ashwin Muthiah owned Sicagen India, a leading manufacturer of industrial products, has signed an agreement to acquire Bengaluru-based Danish Steel for undisclosed amount. Sicagen will acquire 100 per cent equity stake from the existing promoters, in a phased manner

Danish Steel caters to different sectors, including windmills, railways and metros, food processing machines, clinical equipment and shop fitting solutions for retail and engineering applications. The acquisition of Danish Steel, which specialises in precision fabrication of stainless steel and aluminium products, would help Sicagen to exploit opportunities in high-end precision steel and metal fabrication business.

Mr Ashwin Muthiah, Chairman, Sicagen, said over time the company has strengthened capabilities to integrate and develop single window experience for customers from diverse sectors. With a network of 32 branches in India, Sicagen intends to grow and expand further, he said.

With a turnover of ?600 crore, Sicagen is engaged in the trading and distribution of building materials in India and South-East Asia. It has a tie-up with the UAE-based Danube Group for selling its products, including sanitaryware and commercial plumbing fitting in India. The company trades building materials, including pipes, precision and seamless tubes, steel rebars, PVC pipes, electrical cables, steel fittings and cement.

Source : Business Line

voda 13 september 2016 16:48

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Indian banks plan to hike repayment % from steel makers - Report

Business Standard reported that with early signs of benefits from support accruing to the domestic steel sector, lenders are looking to increase the share of contribution from stressed steel companies to repay banks dues. The report quoted a bank executive as saying that “Till date, up to 85 per cent of cash flows were deployed to finance operations and normal expenses, while the remaining 15 per cent was used to service debt. The contribution to service debt could be raised to 20 per cent and beyond, without sacrificing the needs of regular operations.”

The decision would be based on a detailed case-by-case analysis and not an across-the-board directive. The performance of companies in the coming two quarters would be crucial in taking the decision, an IDBI Bank executive said.

Overall, the rise in steel prices, protection coming in from higher import duties and the leeway in repayment terms was beginning to show positive results, an executive said, adding there has been an increase in operating margins of some integrated steel players.

Source : Business Standard

voda 13 september 2016 16:48

0

Nippon Steel & Sumitomo Metal & BlueScope Thai JV adding capacity

Nikkei reported that a joint venture between Nippon Steel & Sumitomo Metal and Australia's BlueScope Steel is adding capacity in Thailand to produce 50% more sheet steel for construction purposes, with a focus on thin, rust-resistant sheet for the roofs and walls of homes.

NSBS plans to invest 12 billion yen ($118 million) at a plant in central Thailand's Rayong Province to add new lines for processing thin steel sheet. It will install more equipment for plating the sheet with zinc to prevent rusting.

When the new lines become operational in mid-2018, annual capacity for the steel sheet will reach 470,000 tons.

NSBS has specialty agents in Thailand that can process sheet in detailed shapes and designs according to customer needs. With a network of some 350 companies for metal processing and distribution, it is very competitive in the market for roofing and wall materials. It has captured the leading share of the Thai market for sheet steel construction materials by offering a broad line of products at different price points and promoting its brand.

By adding capacity, the company aims to further increase its share of the market and also use the Rayong plant as an export base to such neighboring countries as Myanmar and Cambodia.

Source : Nikkei

Bijlage:

voda 13 september 2016 16:49

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UK steel industry still in crisis – Worker unions

Belfast Telegraph reported that UK steelworkers have warned of a continuing crisis in their industry as Tata Steel slumped to a net loss of GBP 358 million for the quarter to June amid continued uncertainty over its UK operations. The first-quarter results were published in Mumbai just before a passionate debate at the TUC Congress in Brighton attended by steelworkers from across the country.

The conference "deplored the neglect" of the Government over the threat to jobs and vowed to step up efforts to safeguard plants such as Port Talbot in South Wales.

GMB member Mr Ian Kemp, who works at the Tata plant in Rotherham, told delegates: "I have never seen the industry in such a crisis. We have lost jobs, had plants sold off and on/off plans to sell the rest. It is no wonder morale is so low."

Mr Roy Rickhuss, general secretary of the Community union, said: "We will not let the sun set on our industry or let steel communities be forgotten. We will not let employers use this crisis to attack our members. Tata needs to honour its moral and social obligations - they need to guarantee a future."

Tata sold its European long products division based in Lincolnshire to Greybull Capital during the quarter for a nominal sum. It still owns Port Talbot, which employs more than 4,000 workers, and thousands more at other plants in Shotton, Hartlepool, Rotherham and Stocksbridge.

Source : Belfast Telegraph

voda 13 september 2016 16:50

0

Banks appoint Alvarez & Marsal to help Bhushan Steel

Financial Express reported that lenders to Bhushan Steel Limited have decided to appoint Alvarez & Marsal, a restructuring and turnaround firm, to help the existing management run the company. Bankers told FE for now, the consultant will provide strategic inputs and, at a later stage, oversee cash management.

A senior banker explained “Deloitte is looking after the cash management and we want another firm to supervise Bhushan Steel’s operations. The idea was not to affect a change in the management but merely to add bandwidth on behalf of the lenders.

The steelmaker, which has three plants in Odisha, Maharashtra and UP, owed lenders an amount of INR 42,000 crore as on March 2016. It reported a net loss of INR 656.21 crore in the June quarter of FY17 on the back of INR 3,365 crore in revenues in the same period. In FY16, its net loss stood at INR 2,839 crore and its revenues were at INR 11,803 crore.

Source : Financial Express

voda 13 september 2016 16:51

0

BaoSteel hikes HR & CR prices by USD 15-22 for October sales

BaoSteel announced that it has raised prices for hot-rolled coil and cold-rolled coil were raised by CNY 100 (USD 15) per tonne and CNY 150 (USD 22) per tonne respectively for October sales reflecting its positive assessment of Chinese domestic market for flat steel despite the continued correction in market prices in last 3-4 days

Source : Strategic Research Institute

Vertraagd	10 feb 2025 17:39
Koers	27,200
Verschil	-0,160 (-0,58%)
Hoog	27,230
Laag	26,360
Volume	3.104.041
Volume gemiddeld	2.545.814
Volume gisteren	7.160.096

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