Eurobench.com

[verwijderd] 16 april 2014 21:37

0

quote:
voda schreef op 16 april 2014 19:41:
Genoeg lezers hier. Af en toe een klein bedankje zou welkom zijn voor al het nieuws wat ik hier plaats. Er gaat een hoop tijd en energie in zitten.

Succes verder Staalliefhebbers.

Inderdaad vroeg ik me af of er niet een (zeer)lovend woord af kon maar dat wordt mogelijk in de spanning en de moeite die het mogelijk kost vergeten.

Soms krijg je een AB voor de lulligste dingen terwijl de hoofdzaken wel gelezen en waarschijnlijk zelfs op prijs gesteld en gebruikt.

En dan maar snel verder....

Maar denk vooral niet dat je miskend wordt !!

GVteD 16 april 2014 22:24

0

ArcelorMittal Is Likely To Recover Soon
ArcelorMittal zal waarschijnlijk herstellen Binnenkort
seekingalpha.com/article/2145173-arce...

[verwijderd] 16 april 2014 23:43

0

quote:
GVteD schreef op 16 april 2014 22:24:
ArcelorMittal Is Likely To Recover Soon
ArcelorMittal zal waarschijnlijk herstellen Binnenkort
seekingalpha.com/article/2145173-arce...

Goede analyse, met plezier gelezen. Dank! (moest wel even gratis registreren om het hele artikel te lezen, niet dat dat uitmaakt)

Brogembank 17 april 2014 09:40

0

quote:
voda schreef op 16 april 2014 19:41:
Genoeg lezers hier. Af en toe een klein bedankje zou welkom zijn voor al het nieuws wat ik hier plaats. Er gaat een hoop tijd en energie in zitten.

Succes verder Staalliefhebbers.

voda,
je inspanningen worden door mij en ik denk de meeste forumlezers gewaardeerd!
Ik geef je alleen geen ABtje,omdat ik die bewaar voor hetzij postings die mijn inzichten veranderen -komt regelmatig voor- dan wel waar ik smakelijk om kan lachen.

fijne dag!
Brogem

Brogembank 17 april 2014 09:43

0

verder vandaag expireren mijn geschreven puts 12 MT voor ongeveer 1/3e van wat ik ervoor gevangen heb, ik laat ze leveren, heb er vertrouwen in dat we over een halfjaar oid duidelijk hoger noteren

voda 17 april 2014 16:00

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Chinese steel rebar futures slip as GDP hits 18 month low

Reuters reported that Chinese steel and iron ore futures weakened after the world's second largest economy expanded at its slowest pace in 18 months in the first quarter although a slightly higher than forecast growth capped losses.

The most-traded rebar for October delivery on the Shanghai Futures Exchange had eased half a percent to CNY 3,336 per tonne by midday.

Source - Reuters

voda 17 april 2014 16:01

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BHPB Billiton update on iron ore production

Iron ore production for the nine months ended March 2014 increased by 21% to a record 147 MT and included 23% increase in WAIO production. This record result was underpinned by strong operating performance, the relatively limited impact of the wet season and the continued ramp up of Jimblebar. The significant improvement in equipment and labour productivity achieved during the period will also enable Orebody 18, the last of our contractor run sites, to transition to be owner operated early in the 2015 financial year.

Despite tie in activities associated with the commissioning of the first replacement shiploader scheduled for the June 2014 quarter, we have raised production and sales guidance for the 2014 financial year to 217 MT (100% basis). In total, we have raised production guidance for this high margin business by 10 MT (100% basis) during the course of the year.

The ramp up of phase one capacity at Jimblebar to 35 million tonne per annum(100% basis) is expected to be completed by the end of the 2015 financial year. Longer term, a low cost option to expand Jimblebar to 55 Mtpa (100% basis) and the broader debottlenecking of the supply chain are expected to underpin further capital-efficient growth in capacity to approximately 260 million tonne per annum to 270 million tonne per annum(100% basis).

Samarco production of 4.6 MT (100% basis) in the March 2014 quarter was affected by tie in activities associated with the Fourth Pellet Plant project, which achieved first production during the period. Total iron ore production for the 2014 financial year is now expected to be 197 MT.

Source – Strategic Research Institute

voda 17 april 2014 16:02

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Siemens storage logistics system accepted by ArcelorMittal Eisenhuttenstadt

Steel producer ArcelorMittal Eisenhuttenstadt GmbH has issued Siemens Metals Technologies with the acceptance certificate for the new storage logistics system in its finishing department.

The Simetal Siloc logistics system now provides the company with a precise picture of its stock at all times and the over 40,000 slabs that pass through the slab storage each year. It not only enhances the composition of the stacks of slabs, but also automates logging of manual restacking operations.

Simetal Siloc thus improves workflows and simplifies stock control. Cycle times have also been reduced because the slabs can be fed to the rolling mills at a higher temperature.

Dr Ralf Bosler primary CEO at ArcelorMittal Eisenhuttenstadt GmbH said that "The new Siemens system, above all, meets future requirements for the planned modification and optimization of the technological and logistic processes in our company. The advanced strategies for storing and retrieving the slabs provide a good basis in particular."

In Eisenhüttenstadt, in the German state of Brandenburg, the main products are high quality, coated flat steels for the automotive industry, together with steel products for domestic appliances and the construction industry. The new Simetal Siloc storage logistics system from Siemens is part of a program to modernize the automation, and thereby increase the efficiency of hot strip production.

In the finishing department of the converter steel plant of ArcelorMittal Eisenhuttenstadt, slabs and blooms are accepted, inspected, transported, stored, processed according to scheduling and quality specifications, prepared for further processing in the hot rolling mill and finally finished for dispatch. The plant personnel have to constantly coordinate the movements of twelve cranes, various storage areas, a number of roller tables, trolleys, inspection tables, heat recovery and the slitting and cross cutting stations. Planning in the finishing department was previously done manually and independently of the higher-level planning processes. This resulted in a large number of restacking operations in all storage areas.

Source – Strategic Research Institute

voda 17 april 2014 16:12

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Vale gets USD 3 billion from Brazil's BNDES for expansions

Vale SA secured BRR 6.2 billion of funding from Brazil’s state development bank for expansions at Carajas, the world’s largest iron ore complex.

The BNDES loan will help finance Rio de Janeiro based Vale’s railway network and a new mining and processing unit in Para state with annual capacity of 90 million tonnes.

Mr Murilo Ferreira CEO of Vale said that the company is seeking to recover ground in the seaborne iron ore market that it lost to Australian rivals BHP Billiton Limited and Rio Tinto Group since 2007. Serra Sul, part of Carajas in northern Brazil, is the industry’s most expensive project ever at almost USD 20 billion.

BNDES said that the expansion and related distribution network will generate about 30,000 jobs at the peak of construction and is scheduled to start operating in 2016. It will be the first major iron ore venture to fully replace in mine trucks with conveyor belts.

The price of iron ore has slumped 13% this year, while Vale shares have lost 14% amid concern China’s economic slowdown is curbing commodities demand. The stock tumbled 3.1% to BRR 28.29 in Sao Paulo.

Source – Bloomberg

voda 17 april 2014 16:13

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Iron ore exports at Port Hedland hit record AUD 90 million tonnes

Western Australia produces over one quarter of the world’s iron ore and its exports volumes account for 42% of global shipments, excluding domestic use. Meanwhile, Port Hedland exports 24% of the total global iron ore exported by sea, which is expected to rise to 27% in 2014.

Record shipments;
March 2014 exports to China were recorded at 27 million tonnes indicating a 27% and 41.4% increase from February 2014 and March 2013, respectively. Meanwhile, total shipments from Port Hedland increased 24%, to 34.4 million tonnes from February. In the Q1 almost 90 million tonnes of iron ore shipped from Port Hedland. That’s about 34% higher the Q1 of 2013 and 61% above the same period in 2012.

Source – Marketrealist.com

voda 17 april 2014 16:16

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European Commission calls on Italy to meet pledges and act on ILVA

The European Commission called on Italy to live up to promises it made in connection with troubled steelmaker ILVA and infraction procedures over the environmental health scandal in the southern city of Taranto. The EC is preparing to send a letter outlining new directives on the plant.

The latest move follows questions raised by the EC last September over earlier directives and conditions it imposed on the ILVA plant blamed for a major environmental and health disaster over a number of years. The EC warned then that it was opening an infraction procedure against Italy and evaluating if Rome failed to apply European laws in the case.

ILVA has faced enormous problems in the past two years, leading to a decision by the Italian government to appoint a commissioner to take over management of the company's ill fated Taranto plant the largest steel producer in Europe. ILVA has been at the centre of political and legal battles since July 2012 when local magistrates ordered the partial closure of the Taranto plant due to serious health concerns.

Last month, Puglia Governor Mr Nichi Vendola was among 50 people who prosecutors were seeking to indict in an investigation into the ILVA environmental disaster. Vendola, the head of the leftist SEL party, was named along with the Riva family, which owns the ILVA plant, as well as the mayor, a police officer, a priest and various public officials.

According to investigation warrants issued last fall, Mr Vendola is accused of trying to oust the managing director of the regional environmental authority ARPA, who was allegedly disliked by ILVA management.

The ILVA plant has been at the centre of a long running judicial and political drama as courts have moved to force the company to make expensive environmental upgrades after more than a decade of polluting the area and creating health problems for workers and nearby residents.

Source – Gazzettadelsud

voda 17 april 2014 16:17

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Hebei Steel indicates strong rise in Q1 net profit

Hebei Province based Chinese steelmaker Hebei Iron and Steel Company Limited has stated in its preliminary financial report for the Q1 of the current year that it expects to record a net profit in the range of CNY 160 million to CNY 170 million for the given period, up 265% to 288% YoY with earnings per share of CNY 0.015 to CNY 0.016. In the same period last year, Hebei Steel had achieved a net profit of CNY 43.8036 million, with net earnings per share of CNY 0.004.

Source - Visit www.steelorbis.com for more

voda 17 april 2014 16:17

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Hunan Valin Steel expects reduced net loss for Q1

Hunan Province based Chinese steelmaker Hunan Valin Iron & Steel Company has announced in its preliminary financial results for the Q1 this year that it expects to register a net loss of CNY 110 million to CNY 150 million for the period in question, with a loss per share of CNY 0.0365 to CNY 0.0497.

In the corresponding period last year, Valin Steel had recorded a net loss of CNY 368.59 million. Valin Steel stated that the anticipated reduction in its net loss is mainly due to the increase in its sales volumes of finished steel in the Q1.

Source - Visit www.steelorbis.com for more

voda 17 april 2014 16:18

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Excess capacity threatens steel sector - EY

Excess capacity remains the biggest threat to the global steel sector and permanent shutdown of inefficient capacity is the only real solution to bring balance to the market. That is the conclusion from EY’s latest global steel report and global mining.

Mr Mike Elliott leaders of Metals has tipped that a structural shift in the steel sector could lead to Asian companies divesting interests in Australia’s iron ore and coal projects. The report found that steelmakers globally are continuing to maximize cost cutting, seeking to improve productivity and shifting focus to high end value added products.

Mr Elliott said that “This is going to significantly increase market competition in most products, so those steelmakers who can respond quickly and nimbly to future opportunities that create a new market or provide a better margin will be best placed to survive.”

He said a change in the sector could lead to a tweak of the vertical integration model, which had seen large Asian steelmakers take interests in Australian iron ore and coal projects.

Mr Elliott said that the vertically integrated model was working as steel producers were trying to ensure security of supply but that was no longer an issue as most iron ore producers were now ramping up production. It was also seen as a hedge against volatile raw material costs but now there is sufficient depth in the derivative markets out there, for most steel producers that is no longer necessarily what they need.

He said that “While it (mine asset) might be a profitable cash streaming asset, they (steel producers) are all sitting with large debt burdens and there needs to be some consolidation in steel. We expect that increasingly they will look to offload some upstream investments, whether that be in met coal or steel, and look to redeploy that capital.”

Source – The Australian.com

voda 17 april 2014 16:39

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Turkey's crude steel output drops slightly in March

According to data released by Turkey’s Iron and Steel Producers’ Association, the country’s crude steel output totaled 2.84 million tonnes in March down by 0.9% compared to the same month of last year and up by 4.8% from the previous month.

In March, the crude steel production made from electric arc furnaces totaled 2.12 million tonnes down by 4.3%; that from blast furnaces totaled 729,000 tonnes down by 17.9%, both compared to the figures in the same month of 2013. During the Q1 output of crude steel totaled 8.43 million tonnes.

Source - www.yieh.com

voda 17 april 2014 16:40

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China's high iron ore inventory is not so bad for dry bulk shippers

Iron ore inventories;
Iron ore inventory at Chinese ports can be an important indicator for dry bulk shipping industry, since it indicates the short-term demand for iron ore imports. When inventory levels are high, importers might over purchase, so the demand for imported iron ore could decrease in the near future. On the other hand when inventory levels are low, importers may tend to import more for the purpose of safe stock, which would aid iron ore shipments.

High iron ore inventories;
As of the beginning of April, China’s total iron ore inventory at ports amounts to about 107.65 million metric tonnes, compared to 74.9 million tonnes in April 2013. This figure went slightly down from the record high of 108.45 million tonnes that we saw in March 2014 but it remains fairly high.

This high inventory reflects the imbalance between demand and supply fundamentals. Due to the problem of overcapacity and slowed macroeconomic growth, demand isn’t growing as fast as it was in 2013. However, major exporting countries such as Australia and Brazil are transferring their goods to Chinese ports in anticipation of continued urbanization.

A greater appetite for imported iron ore;
On the one hand, high inventory levels can hurt iron ore imports as well as dry bulk shippers in the short run. However the rise in inventory levels is likely in part driven by China’s increasing appetite for imported iron ore as domestic iron ore grades fall. So while inventory figures are high, they can stay high if iron ore inventories in China primarily reflect imported iron ore and domestic iron ore.

While current inventory levels aren’t quite positive for the Guggenheim Shipping ETF or dry bulk shippers such as DryShips Inc, Diana Shipping Inc, Navios Maritime Holdings Inc and Safe Bulkers Inc, we don’t think they’re quite negative either.

Source – Marketrealist.com

voda 17 april 2014 16:43

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China plan for iron ore giants hard to make the grade

Reuters reported that China's bid to slash its dependence on foreign iron ore miners by creating its own mega producers risks running aground before it starts due to high costs and poor quality of ore. Instead, overseas suppliers may end up shipping more to their top market.

For two decades, China has been trying to reduce its reliance on iron ore supplied by top producers Vale, Rio Tinto and BHP Billiton without much success because the price of the ore it produces is higher.

These global miners are boosting output to capture more of the Chinese market through massive expansion schemes to increase their dominance. BHP lifted its annual iron ore production guidance to 217 million tonnes, while Rio Tinto is close to mining 300 million tonnes a year and Brazil's Vale is targeting more than 360 million tonnes.

In an effort to make its own iron ore mining more efficient, China which buys more than two thirds of the world's iron ore, is drafting a plan to create 6 to 8 domestic iron ore miners by 2025, each with an annual capacity of more than 30 million tonnes.

Beijing wants Anshan Iron & Steel Group, a steelmaker with its own iron ore mines, and the Metallurgical Mines' Association of China to lead the plan. A draft is expected by year end to be submitted to the State Council for approval.

However, combined production would at best amount to only a third of total demand, making a target to cut imports to below half of China's requirement within 10 years look impossible and suggests big global miners may have to ship even more.

A senior official said that rhe only way for the new integrated miners to compete against top miners is if they can slash their costs, but I do not expect this can happen.Chinese resources require deeper and deeper digging, and grades are falling, meaning both mining and beneficiation (crushing and separating ore) costs are increasing.

Source - Reuters.com

svh21 17 april 2014 17:09

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veel info over de vooruitzichten van MT en de staalindustrie:

seekingalpha.com/article/2145173-arce...

voda 18 april 2014 14:47

1

Major Chinese steel mills drop April prices in unison with market sentiments

Despite rally in Chinese steel price in April major Chinese mills opted to remains realistic with the sustainability remaining questionable. Seemingly the rally of 2% in the last fortnight is blip became clear with the index taking slight dip today.

The two major mills Anshan and Baosteel reduced May price for flat products citing softer demand in the segments and abundant supply. Bao steel would cut the price of cold-rolled coil by 150 yuan per tonne and hot rolled coil by 100 yuan per tonne.

While WISCO dropped quotes of CR coils by CNY 117 per tonne. Anshan too reduced price for CR and HDG by CNY 59 per tonne

Baosteel's price adjustments normally set the tone for the steel market as a whole, and its decision to cut prices for May reflects the weakness in the Chinese steel market, which has been hurt by severe overcapacity and slow demand.

Chinese steel market has been burdened with unflagging production rising 2.2 percent to 70.3 million tonnes in March from a year ago. Steel production in the world's biggest producer and consumer amounted to 202.7 million tonnes in the Q1 of this year, up 2.4% from the same period last year.

Market keeps oscillating between hope and despair with government announcement of half measured stimulus packages viz,

Allow bank recapitalization will add further pressure to the currency, which i s already suffering, and result in greater pricing pressure for China's competitors.
Increased expenditure on railway infrastructure to generate demand for steel.

Source – Strategic Research Institute

voda 18 april 2014 14:50

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NSSMC ready to ship the world longest 150 meters railway rails from Yawata Works

Nippon Steel & Sumitomo Metal Corporation has set up a system to manufacture and ship the world longest rails for railroads 150 meter long rails at Yawata Works.

The latest advance of this nature is completion of facilities at Yawata Works enabling it to handle and ship out rails in 150-meter length, longest in the world. This long rail will serve to help stabilize the rail track, by reducing the number of weld, and reducing rail maintenance of railway companies.

Railway companies confront a challenge in the form of need to improve their rails to accommodate economic growth and resource developments. Such as Inter-city passenger trains are increasing its speed and decreasing its weight, and freight trains are carrying heavier and longer consist. This means that rails are used in a harsher environment than in the past.

Rails for railways, after going through the process of hot rolling, are ordinarily cut into 25 meter standard lengths (or 50 meters as the longest to date) for shipment to users. Joints between rails are one of causes for noise and vibration and affect the comfort of the passengers, and are regarded as weak points in railway maintenance. To improve these problems, railway companies are welding those rail joints to make continuous welded rails.

NSSMC has been supplying rails to railway companies all over the world since 1901 when the rail plant at Yawata Works began its operation. With our 113 years of accumulated experience in rail manufacturing, NSSMC will keep improving its technology and product development capacity and will contribute for safer and more intensive railway transportation all over the world.

Source – Strategic Research Institute

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