Eurobench.com

voda 21 oktober 2024 22:17

1

Beursupdate: AEX op Wall Street
21-okt-2024 22:14

ASML sterkste stijger.

(ABM FN-Dow Jones) Op Wall Street zijn maandag zes van de acht AEX-genoteerde fondsen ten opzichte van het slot in Amsterdam hoger gesloten. ArcelorMittal was met een verlies van 0,2 procent de enige stijger. Aegon sloot vlak, terwijl ASML met een winst van 0,4 procent de sterkste stijger was.

Aegon (0,0%)
ArcelorMittal (-0,2%)
ASML (+0,4%)
ING Groep (+0,1%)
Philips (+0,2%)
RELX (+0,1%)
Royal Dutch Shell (+0,3%)
Unilever (+0,2%)

Euro/dollar: 1,0817

Op basis van de bovenstaande koersuitslagen zou de AEX index, die sloot op 898,33 punten, zijn geëindigd op 899,27 punten.

Door: ABM Financial News.

voda 22 oktober 2024 09:10

1

Resilient Steel: ArcelorMittal South Africa's Triumph Amidst Turbulent Trade Winds

Synopsis: In a recent interview, Gaurav Nagpal, CMO of ArcelorMittal South Africa, discussed the company's journey over nearly a century in steel manufacturing. The focus was on challenges in the Long Steel business, strategies for sustaining local production, and the vital role of railway products for African infrastructure under the AfCFTA initiative. The article explores operational hurdles, trade protections, and ArcelorMittal's commitment to local steel manufacturing.
Tuesday, October 22, 2024

In a recent discussion with Railways Africa Magazine, Gaurav Nagpal, Chief Marketing Officer of ArcelorMittal South Africa, shed light on the company’s journey over nearly a century of steel manufacturing. The focus was on the challenges faced by the Long Steel business and the strategic steps being taken to ensure the sustainability of local production, especially for critical railway products. These products are essential for bolstering African railway infrastructure as part of the African Continental Free Trade Area initiatives.

The Long Steel division has encountered numerous obstacles, including fluctuating local demand and operational challenges linked to state-owned companies Eskom and Transnet. These factors prompted ArcelorMittal to consider winding down this division in late 2023. However, after a detailed reassessment in early 2024, the company recognized viable paths forward, ultimately deciding to continue its operations. This turnaround illustrates the importance of local steel manufacturing for South Africa's economy, as highlighted by various studies demonstrating its impact on jobs and the industrial sector.

Voor meer, zie link:

www.oreaco.com/steel/resilient-steel-...

voda 22 oktober 2024 09:11

1

Global Steel Market Stagnation: A Dim Outlook Until Late 2025

Synopsis: Panelists at the Kallanish Flat Steel 2024 conference in Istanbul predict a challenging market for steel until the second half of 2025, highlighted factors such as high interest rates and geopolitical tensions that are negatively impacting demand.
Tuesday, October 22, 2024

At the recent Kallanish Flat Steel 2024 conference in Istanbul, industry experts expressed a predominantly bearish outlook for the global steel market, suggesting recovery is unlikely before the second half of 2025. Tayfun Iseri, chairman of Turkey’s Flat Steel Product Exporters, Importers and Manufacturers Association YISAD, shared his concerns, noting that despite his usual optimism, he now feels pessimistic about market conditions for the first time. Iseri pointed out the "hectic" nature of the steel industry over the past two years, attributing the turbulent situation to various global factors, including geopolitical conflicts and economic instability.

The ongoing Russia-Ukraine war, recent earthquakes in Turkey, and tensions in Palestine and Israel have significantly affected steel demand, according to Iseri. He also mentioned the impact of high interest rates and inflation on consumer purchasing power, which is further compounded by the expected surge in Chinese steel exports, projected to exceed 100 million metric tons by the end of 2024. This influx poses a significant threat to steel prices and production capacities in 2025, contributing to a fragile market landscape.

Voor meer, zie link:

www.oreaco.com/steel/global-steel-mar...

voda 22 oktober 2024 09:12

1

ArcelorMittal Halts Gijón Operations Amid Weak Demand and Imports

Synopsis: ArcelorMittal has temporarily idled its Gijón steelworks and wire rod plant in northern Spain due to low demand and competition from imports. This decision impacts over 400 workers, although some will receive holidays or undergo medical checks.
Tuesday, October 22, 2024

ArcelorMittal, one of the world's largest steel producers, has announced the temporary shutdown of its Gijón steelworks and wire rod plant in northern Spain. This decision, communicated to Kallanish, reflects the challenges the company faces due to weak demand in the steel market and increasing competition from low-priced imports. The halt is scheduled to last until October 27, 2024.

The wire rod segment, in particular, has been hit hard by the influx of imported products, which has made it increasingly difficult for ArcelorMittal to maintain competitive pricing. A company spokesperson noted that the volume of wire rod imports from outside Europe has severely impacted production levels, leading to several interruptions at the plant throughout the year. This downturn underscores the broader difficulties faced by European steel manufacturers as they navigate a market characterized by fluctuating demand and pricing pressures.

Voor meer, zie link:

www.oreaco.com/steel/arcelormittal-ha...

voda 22 oktober 2024 09:16

2

ArcelorMittal Germany Elevates Safety Standards with Innovative Drone Technology

Synopsis: ArcelorMittal Germany prioritizes employee safety by integrating drone surveillance to enhance security measures across its industrial sites.
Tuesday, October 22, 2024

At ArcelorMittal Germany, the safety of employees is of utmost importance. The company is committed to continuously improving its safety protocols, particularly across its expansive industrial sites. In line with this commitment, ArcelorMittal Germany is exploring advanced technological solutions, including the use of drones, to enhance site security and ensure a safer working environment for its staff.

Recently, the company announced the testing of drones for perimeter security at its facilities. Michael Hehemann, the Director of Operations, emphasized that safety remains the highest priority for ArcelorMittal Germany. The integration of drone technology aims to complement traditional security methods, providing a more robust approach to monitoring the vast and complex industrial terrain.

Voor meer, zie link:

www.oreaco.com/steel/arcelormittal-ge...

voda 22 oktober 2024 13:21

2

Mondiale staalproductie blijft maar dalen
22-okt-2024 13:14

Terugval Chinese staalproductie houdt aan in september.

(ABM FN-Dow Jones) De mondiale staalproductie is in september opnieuw gedaald door een terugval in China. Dit bleek dinsdag uit cijfers van brancheorganisatie World Steel Association.

In totaal produceerden de 71 staalproducerende landen vorige maand 143,6 miljoen ton staal, wat 4,7 procent minder was dan in september 2023.

In augustus daalde de productie met 6,5 procent en in juli met 4,7 procent.

In China, wereldwijd met afstand de grootste fabrikant van staal, daalde de productie in september met 6,1 procent naar 77,1 miljoen ton staal, na een dubbelcijferige krimp in augustus.

Ook in Japan daalde de productie, maar in Zuid-Korea was er een kleine stijging van ruim een procent.

In de Europese Unie was er een heel lichte productiestijging van 0,3 procent op jaarbasis en in de VS steeg de productie met 1,2 procent.

Door: ABM Financial News.

03har 22 oktober 2024 16:58

2

Vallourec to increase presence in oil and gas industry in MENA
Tuesday, 22 October 2024 12:03:31 (GMT+3) | Istanbul

France-based pipe manufacturer Vallourec has announced that it has signed a memorandum of understanding (MoU) with Advanced Supply Management Operations (ASMO), a joint venture between Germany-based logistics company DHL Group and Saudi Arabian oil and gas company Aramco, to strengthen its presence in Saudi Arabia and the MENA region. ASMO is a procurement and supply chain services company in Saudi Arabia, serving many sectors including energy and industry in the region.

voda 22 oktober 2024 22:38

1

Beursupdate: AEX op Wall Street
22-okt-2024 22:27

Onveranderd.

(ABM FN-Dow Jones) Op Wall Street zijn dinsdag vijf van de acht AEX-genoteerde fondsen ten opzichte van het slot in Amsterdam hoger gesloten. Per saldo was er vrijwel geen beweging.

Aegon (+0,51%)
ArcelorMittal (+0,44%)
ASML (+0,10%)
ING Groep (-0,23%)
Philips (-0,27%)
RELX (+0,26%)
Royal Dutch Shell (-0,24%)
Unilever (+0,26%)

Euro/dollar: 1,0801

Op basis van de bovenstaande koersuitslagen zou de AEX index, die sloot op 897,30 punten, zijn geëindigd op 897,39 punten.

Door: ABM Financial News.

voda 22 oktober 2024 22:40

1

Staalproducent Nucor rapporteerde over het derde kwartaal een lagere winst en omzet en meldde ook een lagere verkoopprijs per ton. Het aandeel verloor 6,5 procent.

Door: ABM Financial News.

www.iex.nl/Nieuws/806464/Wall-Street-...

voda 23 oktober 2024 09:10

1

Hier nog meer informatie over de wereld productie van staal in september 2024. (het bronbericht)

worldsteel.org/media/press-releases/2...

voda 23 oktober 2024 09:18

1

Revitalizing Blast Furnace Operations: ArcelorMittal Kryvyi Rih's Major Overhaul Success

Synopsis: ArcelorMittal Kryvyi Rih has successfully completed significant upgrades to Blast Furnace No. 8, enhancing efficiency and durability in iron production.
Wednesday, October 23, 2024

ArcelorMittal Kryvyi Rih, a prominent player in the steel industry, has announced the successful completion of an extensive overhaul of its Blast Furnace No. 8. This project, executed by skilled technicians from the company’s Foundry and Mechanical Plant, aims to enhance the efficiency and reliability of iron production at the facility. The upgrades included renewing key components such as coke and sinter pitches, a transportation skip, and the sinter gates, ensuring the blast furnace operates at optimal capacity.

The overhaul process involved multiple departments within ArcelorMittal Kryvyi Rih. Specialists from the Steel Structures Shop and Repair and Assembly Shop No. 3 played crucial roles in refurbishing critical equipment, including the coke and sinter pans. These pans are vital for sorting materials that are necessary for the production of pig iron, and their proper functioning is essential for maintaining production flow. To enhance durability, the boxes used for these screens were constructed from bimetal, a combination of steel and a hard wear-resistant alloy, capable of withstanding harsh mechanical stress and high temperatures.

Voor meer, zie link:

www.oreaco.com/steel/revitalizing-bla...

voda 23 oktober 2024 09:19

1

Nucor Reports Q3 2024 Earnings: A Deep Dive into Performance & Prospects

Synopsis: Nucor Corporation announces Q3 2024 earnings of $249.9 million, facing challenges amid lower steel prices and market fluctuations.
Wednesday, October 23, 2024

Nucor Corporation, a leading player in the steel industry, has reported consolidated net earnings attributable to Nucor stockholders of $249.9 million, translating to $1.05 per diluted share for the third quarter of 2024. When excluding non-cash impairment charges incurred during this period, the company’s adjusted net earnings were significantly higher at $353.0 million, or $1.49 per diluted share. This marks a noticeable decline compared to the previous quarter's earnings of $645.2 million ($2.68 per diluted share) and the third quarter of 2023, which saw earnings of $1.14 billion ($4.57 per diluted share).

The financial landscape for Nucor in Q3 2024 reflects the impacts of non-cash impairment charges totaling $83.0 million, which accounts for approximately $0.27 per diluted share. These impairments were related to certain non-current assets in both the raw materials and steel products segments. This highlights the challenges faced by the company in maintaining asset values amidst fluctuating market conditions.

Voor meer, zie link:

www.oreaco.com/steel/nucor-reports-q3...

voda 23 oktober 2024 09:20

1

China's Iron Ore Production Shows Resilience Amid Market Fluctuations

Synopsis: China’s National Bureau of Statistics reports a 3% increase in iron ore output for 2024, despite a dip in September.
Wednesday, October 23, 2024

In the first nine months of 2024, China produced an impressive 781.4 million metric tons of run-of-mine iron ore, marking a 3% increase compared to the same period in 2023. This data, released by the National Bureau of Statistics, highlights China's continued dominance in iron ore production, though the growth rate has shown a slight decline from the 4.1% increase recorded from January to August. The production figures indicate a complex landscape in the iron ore market, influenced by various factors, including weather conditions and global demand fluctuations.

September's output presented a more nuanced picture. The country's ROM iron ore production fell by 1.9% year-on-year, totaling 82.8 million metric tons. However, this figure represents a notable increase of 12.4% from August, suggesting a recovery trend following a period of lower output. This rebound in production can be partly attributed to more favorable weather conditions during the month, which facilitated mining activities and helped boost output.

Voor meer, zie link:

www.oreaco.com/steel/chinas-iron-ore-...

voda 23 oktober 2024 22:16

1

Beursupdate: AEX op Wall Street
23-okt-2024 22:14

Unilever sterkste stijger.

(ABM FN-Dow Jones) Op Wall Street zijn woensdag drie van de acht AEX-genoteerde fondsen ten opzichte van het slot in Amsterdam hoger gesloten. Unilever was met een winst van 0,7 procent de sterkste stijger. ArcelorMittal was met een verlies van 0,8 procent de sterkste daler.

Aegon (-0,1%)
ArcelorMittal (-0,8%)
ASML (-0,3%)
ING Groep (-0,5%)
Philips (-0,2%)
RELX (+0,3%)
Shell (+0,1%)
Unilever (+0,7%)

Euro/dollar: 1,0785

Op basis van de bovenstaande koersuitslagen zou de AEX index, die sloot op 889,97 punten, zijn geëindigd op 889,82 punten.

Door: ABM Financial News.

voda 24 oktober 2024 08:06

1

European Steel Industry Faces Challenges: Unfair Competition & Rising Energy Costs

Synopsis: The European Parliament debates the impact of unfair competition from Chinese steel production and rising energy costs on Europe's steel industry. Key players include European Commissioner for Equality Helena Dalli and various European Parliament members.
Thursday, October 24, 2024

The European Parliament recently held a plenary debate to address the pressing challenges facing the European steel industry, focusing on unfair competition from China and escalating energy costs. This debate, held on October 23, highlighted the urgent need for a comprehensive action plan to ensure the industry's viability while addressing environmental concerns and maintaining competitiveness.

European Commissioner for Equality Helena Dalli opened the debate, emphasizing the critical role of a strong, low-carbon steel industry for Europe's economic and industrial future. She noted that Europe's steel production has decreased by 20% over the past decade, resulting in a trade deficit of about 10 million metric tons, with Europe now accounting for only 7% of global steel production. Dalli called for significant investments in clean steel projects to help Europe regain its competitive edge in the global market.

Voor meer, zie link:

www.oreaco.com/steel/european-steel-i...

voda 24 oktober 2024 08:17

1

Global Stainless Steel Surge: A 2024 Mid-Year Production Renaissance

Synopsis: In the first half of 2024, global stainless steel production rose by 6.3%, with significant contributions from regions like China, the United States, and Europe, according to the World Stainless Association.
Thursday, October 24, 2024

In the first half of 2024, the global stainless steel industry experienced a notable upswing, with production increasing by 6.3% compared to the same period in 2023, reaching a total of 30.37 million metric tons. This growth, reported by the World Stainless Association, reflects a rebound in demand and production capabilities across various regions worldwide.

Europe, including Ukraine, saw a modest increase in stainless steel production of 0.3%, bringing its total to 3.14 million metric tons in the first six months of the year. This slight growth indicates a stabilization in the European market, which had faced challenges in previous years. Meanwhile, the United States demonstrated a more robust recovery, with production rising by 9% year-on-year to 1.03 million metric tons, signaling strong domestic demand and improved manufacturing conditions.

Voor meer, zie link:

www.oreaco.com/steel/global-stainless...

Bijlage:

Wollin 24 oktober 2024 16:06

0

Stonden we vanmorgen toch even 2,5% hoger.

gerard45 24 oktober 2024 21:10

0

hoe zal het met het dividend gaan aflopen, iemand een idee ?

voda 24 oktober 2024 22:23

1

Beursupdate: AEX op Wall Street
24-okt-2024 22:20

ASML sterkste daler.

(ABM FN-Dow Jones) Op Wall Street zijn donderdag drie van de acht AEX-genoteerde fondsen ten opzichte van het slot in Amsterdam hoger gesloten.

Aegon (-0,01%)
ArcelorMittal (+0,2%)
ASML (-0,7%)
ING Groep (+0,3%)
Philips (-0,2%)
RELX (-0,4%)
Shell (-0,4%)
Unilever (+0,1%)

Euro/dollar: 1,0828

Op basis van de bovenstaande koersuitslagen zou de AEX index, die sloot op 895,90 punten, zijn geëindigd op 895,40 punten.

Door: ABM Financial News.

voda 25 oktober 2024 08:05

1

China's Steel Industry Faces Significant Downturn as Consumption & Production Decline

Synopsis: China's steel sector experiences notable decrease in consumption and production during 2024's first three quarters, with major players like China Iron and Steel Association, Baowu Steel Group, and Ansteel Group reporting concerning figures.
Friday, October 25, 2024

The world's largest steel market, China, has recorded a substantial decline in steel consumption during the first nine months of 2024, marking a concerning trend for the industry. According to CISA's latest report, the country's apparent steel consumption dropped by 6.2% compared to the same period last year, reaching 688 million metric tons.

The production side has similarly witnessed a decline, with crude steel output falling by 3.6% year-on-year to 768.48 million metric tons during the same period. This reduction aligns with Beijing's ongoing efforts to balance supply and demand while maintaining its commitment to carbon emission reduction targets in the steel sector.

Voor meer, zie link:

www.oreaco.com/steel/chinas-steel-ind...

Vertraagd	7 feb 2025 17:35
Koers	27,360
Verschil	-0,250 (-0,91%)
Hoog	28,170
Laag	27,180
Volume	7.160.096
Volume gemiddeld	2.546.894
Volume gisteren	11.236.094

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