Ontvang nu dagelijks onze kooptips!

word abonnee
Van beleggers
voor beleggers
Uitgebreid zoeken

Beurscodes, betekenis en hulp bij zoeken

Europa

AEX
Euronext Amsterdam
BRU
Euronext Brussels
PSE
Euronext Paris
LIS
Euronext Lissabon
CHX
CBOE Europe, grote(re) EU aandelen
NAV
Investment Funds (NAV)

Noord-Amerika

NYS
New York Stock Exchange
OTC
CBOE BZX Exchange (US)
TSE
Toronto Stock Exchange

Kunt u een instrument niet vinden?

Zoek dan via de zogenaamde ISIN code. Elk instrument, aandeel etc. heeft een unieke code.

Kies vervolgens - wanneer er meerdere resultaten zijn - de notering op de beurs van uw keuze.

Waar vind ik die ISIN code?

Google de naam van het instrument, aandeel etc. met de toevoeging 'ISIN'.

Als zoeken op ISIN code geen resultaten oplevert hebben wij het instrument of aandeel niet in onze koersendatabase.

desktop iconMarkt Monitor
Markt vandaag Koersen Forum Premium IEX Expert
Home  /   Forum   /   Arcelor Mittal   /   Nieuws en info hier plaatsen (deel 4)

Aandeel ArcelorMittal LU1598757687

Laatste koers (eur) Verschil Volume
27,610   +3,250   (+13,34%) Dagrange 24,870 - 27,850 11.236.094   Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

Volgen
35.173 Posts
Pagina: «« 1 ... 313 314 315 316 317 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 3 november 2015 16:43
    Politicians react to Essar Steel Algoma insolvency reports

    Soo Today reported last week that as published reports say Essar Steel Algoma plans to file for insolvency for the fourth time in the Sault steelmaker's history, the question of 'What can government do to help' has begun to surface.

    Terry Sheehan, MP-elect for Sault Ste Marie said “I am going to be talking with the people from Essar Steel to review the situation and find out where they are at and to offer any assistance, if they want it, from me,”

    The situation Sheehan referred to is Essar Steel Algoma's serious cash flow problems.

    A Hamilton Spectator report quoted unnamed sources as stating the company plans on filing for insolvency. Bloomberg Business quotes a Standard & Poor's analyst as saying the credit rating firm does not expect Essar Group to support Essar Steel financially this time around. Jarret Bilous, of Standard & Poor's in the Bloomberg report said “We continue to feel that it will face a liquidity crisis and default on its debt obligations within six months without a sustained, near-term rebound in steel prices.”

    Earlier last month, Standard & Poor's lowered Essar Steel Algoma's long term corporate credit rating from 'CCC+ to'CCC-' based on a continued decline in hot rolled steel and plate prices.

    Reuters reported Monday the company has asked for advice from restructuring specialists Evercore Partners Inc and law firm Weil Gotshal & Manges LLP to help with debt restructuring.

    100 workers were laid off by Essar Steel Algoma October 2. The company has stated the layoffs were due to low demand for steel, low steel prices and dumped imports.

    This would be the fourth insolvency for Essar Steel Algoma. The company came out of court protection a year ago and, throughout its history, the steel plant has gone through two bankruptcies.

    Source : Soo Today
    Bijlage:
  2. forum rang 10 voda 3 november 2015 16:44
    Mr Jeremy Corbyn willing to go to Beijing to stop China dumping steel into UK

    The Guardian reported that Mr Jeremy Corbyn has said he would be willing to go to Beijing if necessary to continue lobbying China not to dump steel at under cost price, following a visit to a plant in Scunthorpe where 900 job losses were announced last week. The Labour leader accused the government of being in thrall to the idea of a global market economy and called on the World Trade Organisation to intervene after he toured the Tata steelworks on Thursday.

    He said “Steel is the basis of all manufacturing industries. It’s the basis of everything that we make in this country.”

    He also attacked the government’s economic approach. He said “They have a philosophy which says basically that anybody can produce anything, anywhere and send it anywhere around the world. So we have dumped Chinese steel being sold under the price of production, which is of course ruinous to our industries. It requires intervention from the government and political pressure on the Chinese. It also requires the WTO to do something about it. Otherwise we all lose.”

    Mr Corbyn said the steel crisis undermined the personal mission of the chancellor, George Osborne to rebalance England’s economy away from London and the south-east. He said “The whole northern powerhouse idea, as I understood it, was that there would be economic generation across the north of England, the creation of a powerhouse that would be a combination of local government, economic industry and training. And if you destroy a crucial part of that three-legged stool, namely the manufacturing industry, then you don’t have a northern powerhouse.”

    Ms Angela Eagle, the shadow business secretary, accompanied Corbyn on his visit. She said the northern powerhouse would be “very floppy” without British steel, and that Conservatives did not care about steel because so few of their MPs represent industrial areas. She said “If there were steel works in Witney then David Cameron would have acted by now.”

    Source : The Guardian
    Bijlage:
  3. forum rang 10 voda 3 november 2015 16:45
    Essar Steel's asset sale by FY16 end - Report

    Business Standard reported that the Essar group has drawn a plan to revive the financial metrics of Essar Steel, its struggling steel business, through sale of assets worth INR 11,200 crore by March next year. Besides, the promoters will infuse another INR 1,500 crore into the company which will be used for repaying lenders.

    The group's asset-sale plan is exclusive of the London-based holding company's plans to sell a 49 per cent stake in Essar Oil to Russian oil giant, Rosneft, in an all-cash deal worth $2.8 billion, for bringing down its debt.

    The group's aggression in bringing down the debt of Essar Steel stems from the fact that rating agencies have downgraded its INR 30,500-crore debt into default category, causing some worry among its bankers, which have asked Ruias, the promoters of the group, to expedite their asset-sale plan.

    Top company officials said Essar Steel was facing the brunt of falling steel prices, lack of gas supply from the Krishna-Godavari basin and damage to its Kirandul-Vizag slurry pipeline by Naxals in October 2011. The lack of gas supply brought down the capacity of the company's Hazira plant to 40 per cent and caused a INR 4,500-crore hit on Essar Steel's finances. Besides, delays in getting environmental clearance for the company's second slurry pipeline in Odisha resulted in non-availability of pellets for the ramp-up of the Hazira steel plant and had an impact of another INR 2,500 crore on the company.

    As part of its planned asset sales, the company had identified two slurry pipelines and coke-oven plant, apart from a second pipeline that was sold for INR 4,000 crore, Essar officials said.

    Source : Business Standard
  4. forum rang 10 voda 3 november 2015 16:46
    FII calls for safeguard duty on finished steel products

    The Telegraph reported that the Federation of Industries of India, an association primarily representing engineering companies, has pleaded with the government to impose a safeguard duty on steel finished products such as pipes and tubes to maintain parity with hot rolled coils. It has also urged the finance ministry to exempt the duty on hot-rolled coil imports for which contracts were signed with the suppliers before the imposition of the 20 per cent safeguard duty notified on September 14, 2015.

    Mr HL Bhardwaj secretary-general of the FII said "Hot-rolled coil is the raw material for pipes, tubes, cold-rolled steel strips and sheets. While the finished products attract 12.5 per cent import duty, raw materials attract 32.5 per cent. It is a lopsided situation, which will discourage industry to do value addition in India.”

    The FII fears that there could be a surge in the import of finished products if the duty on hot-rolled coils and finished products were not made equal.

    Several integrated steel players, such as JSW Steel, have also lobbied with the Centre to impose a safeguard duty on cold-rolled sheets, galvanized products and wire rods. The Centre is learnt to be considering the matter.

    Industry sources said the government's move to impose the duty took several importers by surprise. They are now saddled with costly raw materials. China is a big exporter to India along with Japan, Korea and the CIS countries. Chinese companies reduced the prices of hot-rolled coils soon after India imposed the safeguard duty. As a result, importers contracted to import coils after September 14 got a price advantage over those who contracted shortly before.

    Source : The Telegraph
  5. forum rang 10 voda 3 november 2015 16:48
    SAIL to supply 18 meter rails to Iran

    Business Standard reported that Steel Authority of India Limited would supply rails for the major railway network expansion plan in Iran. SAIL has bagged an export contract to supply about 100,000 tonne of rails to Iran from its flagship entity Bhilai Steel Plant

    The export order for rails is in 18 metre finished lengths. The Plant supplies world class rails to Indian Railways in lengths of 13 and 26 metre from its existing Rail Mill besides 130 and 260 metre rails from its Long Rail Complex.

    Since BSP is not producing 18 metre rails as demanded by the authorities in Iran, it is installing new equipment to facilitate the supply.

    A company spokesperson told Business Standard "Special equipment is being procured from overseas suppliers for creating new facilities in the existing Rail and Structural Mill of BSP. Besides a new Hot Stamping Machine from Germany, BSP is procuring a new Non-Destructive Testing facility from Austria. The new NDT facility would include online straightness measurement, online profile measurement and online twist measurement equipment.”

    The Mill as well as the Long Rail Complex are already equipped with state of the art facilities for rail finishing and testing including hot stamping and NDT facilities. The new equipment is being procured to cater to the specific needs of the export order to Iran.

    The Plant had earlier also exported steel to Iran in 1967, 1969 and 1976. In all, 275,000 tonnes was dispatched from BSP. The country is now planning modernisation and major expansion of its rail network.

    Iran plans to invest $25bn over the next ten years in the modernisation and expansion projects. The investment is expected to extend Iran Railways' track length from the current 15,000km to 25,000km by 2025.

    Source : Business Standard
    Bijlage:
  6. forum rang 10 voda 3 november 2015 16:49
    Posco returns guest house land in Bhubaneswar

    PTI reported that POSCO has returned a piece of land allotted for construction of the company's guest house to the Odisha government. The company has now offered to return the land to the government and desired to get back its amount deposited during the time of allotment.

    Chief Secretary Mr GC Pati told reporters “Posco has sent a letter to the general administration department expressing its desire to return the land allotted to it for construction of a company guest house in the state capital.”

    POSCO, which had proposed to set up a 12 million tonne mega greenfield steel facility near Paradip at an investment of INR 52,000 crore, was allotted 1.700 acres of land at Bharatpur Mouza in the state capital for construction of its guest house and CMD's residence in 2008. However, the land remained unused. The GA department, while reviewing the utilisation of leased out land found on March 7,2014 that Posco had not used the land. The company was issued a show cause notice regarding this. The company in its reply had sought time to utilise the land and explained it could not utilise the land as its main project near Paradip was delayed.

    Source : PTI
  7. forum rang 10 voda 3 november 2015 16:50
    Outotec acquires the business of Sinter Plant Services in SA

    Outotec has agreed to acquire the business of Sinter Plant Services CC in South Africa from the founders of the company to complement its service offering to South African ferrochrome plants. The transaction is expected to be closed by the end of this year.

    Sinter Plant Services provides spare parts and services to South African ferrochrome plants from its service center and manufacturing facility close to Johannesburg. The parties have agreed not to disclose the acquisition price. The acquisition will not impact Outotec's financial guidance for 2015.

    Sinter Plant Services' some 40 employees will transfer to Outotec. The annual sales of the company have been some millions of euros.

    Mr Adel Hattab, head of EMEA region at Outotec, said “Outotec has delivered sustainable Steel Belt Sintering and Preheating Kiln technologies to all major ferrochrome producers, many of which are located in South Africa. We intend to complement our service portfolio as well as increase local resources and sourcing to become a stronger service partner to our customers. This acquisition strengthens our position as a provider of life-cycle solutions to the producers of ferroalloys.”

    Source : Strategic Research Institute
  8. forum rang 10 voda 3 november 2015 16:51
    Feasibility study for Uttam Galva - Posco JV likely by February

    Business Standard reported that Shree Uttam Steel and Power of the unlisted arm of Miglani family-run Uttam Galva Group is carrying out a feasibility study for its USD 3 billion integrated steel plant in Maharashtra, jointly planned with South Korean company Posco, and is expected to be completed by February next year.

    Mr Ankit Miglani, director of Uttam Galva Steels, told Business Standard that "Once the study is complete, the final plant configuration will come before us and since all the other approvals, including the environment clearances, are in place, we'll be in a position to take the project ahead from there.”

    He added that the plant would produce hot-rolled coils, which will cater entirely to the domestic market

    Mr Miglani said the steel plant would take four years to come up and by then, there would be demand for steel in the market.

    Currently, the company is engaged in getting raw material secured for its three-million-tonne plant to be set up in two phases of 1.5 million tonnes each. He said "We've already had informal talks with Goan miners for procurement of their low-grade ore and whatever balance requirement we will have, the company will be buying from the open market via the e-auction route. For supply of coking coal the company would import the fuel via the Mormugao port in Goa, which is 80 km away from the plant. The company is also in talks with the railways for rakes.”

    Source : Business Standard
    Bijlage:
  9. forum rang 10 voda 3 november 2015 16:53
    Japanese researchers develop glass as strong as steel

    IBNLive.com reported that in a revolutionary breakthrough, Japanese researchers have developed a new type of glass that is nearly unbreakable and is said to be as strong as steel. To make glass tougher, alumina- an oxide of aluminium and silicon dioxide- is used.

    However, in the past, when researchers tried building strong glass by using large amounts of alumina, it caused the mixture to crystallize as soon as it touched any kind of container, preventing glass from being formed. Overcoming the obstacle, the team at the University of Tokyo’s Institute of Industrial Science, instead did away with the need of using container to make the glass.

    The researchers used gas to push the chemical components into the air, where they synthesized together

    The resultant transparent ultra glass was 50 per cent alumina and rivals the Young’s modulus of steel and iron, which measures rigidity and elasticity in solids.

    Once commercialised, practical use of the thin, light yet strong glass could range from buildings and vehicles to even electronics like tablets, computers, and even smartphones.

    Source : IBNLive.com

    PS:

    Grappig feitje: in de oude Star Trek series heette dit "Transparent Aluminium"

    Nu een feit dus...
    Bijlage:
  10. forum rang 10 voda 3 november 2015 17:03
    Voestalpine opens new plant for automotive components in China

    Voestalpine AG’s announced opening of a new plant in the Metal Forming Division at Shenyang in China last week which will produce ultra-high strength body-in-white parts for premium automotive customers. A total of around EUR 25 million has been invested (to date) in constructing the plant which will employ a staff of around 70 during the first phase. Further expansion phases are already planned.

    voestalpine Stamptec Group, part of the Group’s Metal Forming Division, was built on a surface area of almost 10,000 m2 in Northeast China. An expansion concept, which was part of the basic planning, will enable additional production areas of over 15,000 m2 to be made available at any time in future. The plant currently employs a staff of 70, and this should grow to over 500 employees in the coming years as the site is continually extended.

    At the heart of the plant in Shenyang is the phs-ultraform® technology developed by the Group, for which the company was awarded the Austrian National Award for Innovation in 2015. phs-ultraform® stands for press-hardened steel components made of hot-dip galvanized steel strip, and combines lightweight design, corrosion protection, and increased automotive safety to an extent hitherto unknown.

    The voestalpine Group currently generates around 32% of its revenue (BY 2014/15) in the automotive industry which is regarded globally as a long-term growth sector. Against this background, for several years the Group has been deliberately expanding its capacity in this sector, also outside Europe. As well as the additional plant in China, further significant investment is also currently being made in phase 2 and 3 of construction at the production site for ultra-high strength body-in-white parts in Cartersville, USA, which opened last year.

    Source : Strategic Research Institute
    Bijlage:
  11. forum rang 10 voda 3 november 2015 17:04
    Operating conditions deteriorate at a slower pace in October in China

    Bad news and numbers regarding the health of economy continue to come out of China. Caixin China General Manufacturing PMI report for October said "Operating conditions faced by Chinese goods producers continued to deteriorate in October, albeit at the weakest rate in four months. Total new business declined only modestly, helped in part by a renewed increased in new export orders. This in turn contributed to softer contractions of output and employment in October. Meanwhile, purchasing activity and inventories of inputs continued to fall amid reports of lower production requirements. Widespread evidence of reduced raw material costs led to a further marked decline in cost burdens, which in turn were passed onto clients in the form of lower selling prices."

    Adjusted for seasonal factors, the Purchasing Managers’ IndexTM (PMITM) – a composite indicator designed to provide a single-figure snapshot of operating conditions in the manufacturing economy – posted 48.3 in October, up from 47.2 in September.

    Key Points - Caixin China General Manufacturing PMI
    1. Production falls at the weakest rate in four months
    2. Total new work contracts at slower pace amid improvement in new export order intakes
    3. Input costs and output prices continue to decline at marked rates

    Operating conditions have now worsened in each of the past eight months, though the latest deterioration was the weakest since June.

    Total new business placed at Chinese goods producers declined for the fourth month in a row in October. That said, the rate contraction eased since September’s recent record and was only modest. Softer domestic demand appeared to be a key factor weighing on overall new work as new export business increased for the first time since June, albeit marginally.

    Nonetheless, a further decline in overall new orders led firms to cut their production schedules again in October. However, the rate of reduction also eased since September and was moderate overall.

    Manufacturing employment declined in October, thereby extending the current sequence of job shedding to two years. That said, the rate of reduction was the weakest seen in three months. Anecdotal evidence suggested that some companies cut their payroll numbers as a result of company down-sizing policies and the non-replacement of voluntary leavers. Lower staffing levels and reduced output contributed to the sixth successive monthly increase in unfinished business. However, the rate of backlog accumulation remained marginal overall.

    As has been the case since July, Chinese manufacturers cut back on their purchasing activity in October. Furthermore, the rate of reduction was little-changed since September and marked overall. This led to a further modest fall in inventories of purchases in October.

    Meanwhile, fewer sales led to an increase in stocks of finished goods for the third successive month, though the rate of accumulation weakened to a marginal pace.

    Average cost burdens in China’s manufacturing sector fell for the fifteenth straight month in October. Despite easing since September, the rate of deflation remained sharp. Panellists overwhelmingly linked lower input costs to reduced prices for a broad range of raw materials, with metals mentioned in particular. As part of efforts to boost customer demand, companies generally passed on their savings in the form of lower selling prices. Moreover, the pace of discounting remained solid overall.

    Commenting on the China General Manufacturing PMITM data, Dr He Fan, Chief Economist at Caixin Insight Group said “The Caixin China General Manufacturing PMI for October is 48.3, up 1.1 points from the reading for September. The slight upswing shows the manufacturing industry’s overall weakening has slowed down, indicating that previous stimulating measures have begun to take effect. Weak aggregate demand remained the biggest obstacle to economic growth, and the risk of deflation resulting from the continued fall in the prices of bulk commodities needs attention.”

    The Caixin China Report on General Manufacturing is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 420 manufacturing companies. The panel is stratified by company size and Standard Industrial Classification (SIC) group, based on industry contribution to Chinese GDP. Survey responses reflect the change, if any, in the current month compared to the previous month based on data collected mid-month. For each of the indicators the ‘Report’ shows the percentage reporting each response, the net difference between the number of higher/better responses and lower/worse responses, and the ‘diffusion’ index. This index is the sum of the positive responses plus a half of those responding ‘the same’.

    The Purchasing Managers’ IndexTM (PMITM) is a composite index based on five of the individual indexes with the following weights: New Orders -
    0.3, Output - 0.25, Employment - 0.2, Suppliers’ Delivery Times - 0.15, Stock of Items Purchased - 0.1, with the Delivery Times index inverted so that it moves in a comparable direction.

    Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change. An index reading above 50 indicates an overall increase in that variable, below 50 an overall decrease.

    Source : Strategic Research Institute
  12. forum rang 10 voda 3 november 2015 17:11
    Goan miners to export about 220,000 tonnes of iron ore in November

    Press Trust of India reported that leading iron ore miners in Goa - Vedanta and Fomento Resources - will export around 2.20 lakh tonnes of iron ore to steel plants in China and Japan this month. The consignment will be the second such shipment out of the coastal state, where iron ore mining resumed last month after being banned by the Supreme Court in 2012.

    This month, Vedanta will export its second shipment of 80,000 tonnes, whereas another leading miner from the state Fomento Resources will ship two consignments totalling around 140,000 tonnes.

    Vedanta was the first firm to resume iron ore mining in Goa and the company's Iron Ore Division shipped its first consignment of 80,000 tonnes last month to China.

    Price of iron ore with iron content below 58 per cent has fallen to USD 32 per tonne FOB in Goa, while the cost of production is about USD 34-35 a tonne, of which taxes alone account for more than 40 per cent

    Goa mainly produces low grade iron ore (with iron content between 55-58 per cent), which is mainly exported to China and Japan. While China accounts for 75 per cent of the ore, the remaining is largely exported to steel plants in Japan. Both the miners, however said that the sector in Goa is passing through its toughest phase as it tries to resume operations in the state amidst a subdued global economic sentiment and a commodities slump.

    Source : Press Trust of India
    Bijlage:
  13. forum rang 10 voda 3 november 2015 17:13
    Miners not cutting output despite price slide in base metals

    Reuters reported that base metal mines dipping into the red are proving unexpectedly resilient against output cuts, which is likely to prolong and deepen already weak prices. Some mines are resisting cuts in production by hedging when prices pop higher, others are absorbing losses because shutdown costs are even steeper, while fear of painful job losses is keeping still other loss-making operations alive.

    The London Metal Exchange index of its six main base metals has shed a fifth of its value over the past 12 months. In some metals, such as nickel, about half of capacity is loss making after the rout on commodity markets, largely due to fears about slower growth in top metals consumer China.

    Reuters polls showed last week “While a clutch of production shutdowns have resulted in headlines and prompted price rallies, most base metals are expected to remain in a supply/demand surplus this year and next.”

    Commodity trader and miner Glencore has been the most prominent among the major mining groups to cut output, including of zinc, which spurred a strong rally.

    Analyst Mr Joel Crane at Morgan Stanley said “Given that so many nickel mines are out-of-the-money, we should reasonably expect to see a large supply-side response. Instead, nickel miners are holding fast.”

    Macquarie analyst Vivienne Lloyd said “After the zinc announcement there was a strong rally… however, and we note that price ceilings began to form amid a bout of producer hedging.”

    In aluminium, many smaller producers with costs of $1,800 to $1,900 a tonne are likely to have locked in prices a year ago when prices were around $2,000, giving them breathing space even during the bear market, an executive of Rural said.

    Source : Reuters
  14. forum rang 10 voda 4 november 2015 16:50
    'Rode cijfers Arcelor op dalende omzet'

    Gepubliceerd op 4 nov 2015 om 12:16 | Views: 6.468

    AMSTERDAM (AFN) - ArcelorMittal heeft in het derde kwartaal een nettoverlies geboekt op een omzet die lager was dan een jaar eerder. Dat voorspellen analisten in een vooruitblik op de cijfers die de staalproducent vrijdag voorbeurs presenteert.

    De marktvorsers voorzien gemiddeld een omzet van 16,2 miljard dollar voor het derde kwartaal. Dat zou 19 procent minder zijn dan een jaar eerder. Onder de streep ontstond naar verwachting een nettoverlies van 0,11 dollar per aandeel, tegen een winst van 0,01 dollar per aandeel in het derde kwartaal van 2014. Het bedrijfsresultaat (ebitda) zakte volgens de analisten naar 1,36 miljard dollar, tegen 1,9 miljard dollar een jaar geleden.

    ArcelorMittal hield bij de presentatie van de halfjaarcijfers, eind juli, nog vast aan de winstverwachting voor dit jaar. Die gaat uit van een ebitda van 6 à 7 miljard dollar in 2015. Topman Lakshmi Mittal wees destijds in een toelichting op de aanhoudende druk op zowel de prijs van ijzererts als staal. Positief bleven volgens hem de ontwikkelingen in Europa, waar de ebitdamarge verbeterde. De prognose voor het investeringsniveau bleef gehandhaafd op circa 3 miljard dollar.

    Het concern voorspelde eind juli dat het wereldwijde gebruik van staal dit jaar niet toeneemt. Groei in Europa wordt daarbij waarschijnlijk tenietgedaan door een krimpende vraag in China en de Verenigde Staten.
  15. forum rang 10 voda 4 november 2015 17:10
    Tata Steel announces carbon reduction project

    Tata Steel has announced a new carbon-cutting project called HIsarna, which could cut CO2 emissions by 20 percent. In conjunction with Rio Tinto and other European steelmakers, the project is being piloted at IJmuiden steelworks in the Netherlands. Research suggests it could reduce today’s steel industry CO2 emissions and energy use, as well as lower the emissions of fine particle dust and dioxins, and nitrogen and sulphur oxides.

    Source : Strategic Research Institute
  16. forum rang 10 voda 4 november 2015 17:12
    US Steel reports Q3 results

    United States Steel Corporation has reported a third quarter 2015 net loss of $173 million, or $1.18 per diluted share, which included a $53 million, or $0.36 per diluted share, loss on the previously announced shutdown of the blast furnace and associated steelmaking operations, along with most of the flat-rolled finishing operations at Fairfield Works, and does not include the slab and rounds casters and the #5 coating line (Fairfield Flat-Rolled Operations); a charge of $10 million, or $0.07 per diluted share, for a pension obligation related to U. S. Steel Canada Inc. (USSC); and a net loss of $7 million, or $0.05 per diluted share, for non-cash restructuring and other charges. This compared to a third quarter 2014 net loss of $207 million, or $1.42 per diluted share, and a second quarter 2015 net loss of $261 million, or $1.79 per diluted share.

    Source : Strategic Research Institute
  17. forum rang 10 voda 4 november 2015 17:12
    Nippon Steel chief seeks structural reform in China

    JIJI press reported that Mr Shoji Muneoka, head of the Japan-China Economic Association, also chairman of Nippon Steel & Sumitomo Metal Corp, expressed hope that China will implement structural economic reform in a steady manner. Mr Muneoka made the comments when a delegation from the association held talks Tuesday in Beijing with senior officials from China’s National Development and Reform Commission.

    He said China’s next five year economic plan should address slowing growth, as global economic development is closely linked to China’s economy.

    Hu Zucai, vice minister at the Chinese commission, who is in charge of crafting the five-year plan, said Beijing will promote growth through innovation and other measures.

    The Japanese delegation offered to cooperate with China in fields such as efficient energy use, while calling on Beijing to streamline complicated legal procedures and business practices.

    Source : JIJI Press
  18. forum rang 10 voda 4 november 2015 17:13
    68% of voters want Mr Cameron to intervene in UK steel crisis – Survey

    IB Times reported that more than two thirds (68%) of British voters want Mr David Cameron and his government to directly intervene in the ongoing UK steel crisis in a bid to stop thousands of workers losing their livelihoods. The Survation survey, of more than 1,000 people between 27 and 28 October, comes after 1,700 were made unemployed after SSI closed its Redcar plant.

    The poll, which was commissioned by the Unite trade union, also follows the downsizing of Tata Steel's operations in Scunthorpe and Scotland and the company's axing of 1,200 jobs. Meanwhile, the government has promised to help the industry in the UK by "levelling the playing field".

    The Cabinet Office, among other things, has urged government departments to take into account the "social impacts" of competing suppliers during procurement exercises. "By asking procurers on major UK projects to consider social and environmental impacts, we are building a Britain that is happier, healthier and better off," said Matthew Hancock, the paymaster general.

    "We will always strive to get the best value for money for taxpayers and we are going to do so in a way that strengthens our economy and bolsters the long-term prosperity of people across the country. I don't want contracts going abroad if the best bid is a British bid with all the social and economic benefits that brings."

    But Unite have claimed the government is "failing to convince" the public that it is adopting the right approach. "The key test for the ministers is not more warm words, but the action they take to intervene to save steelmaking and manufacturing," said its general secretary, Len McCluskey.

    "A continued failure to do so will rock public confidence in the government's handling of the broader economy and leave people thinking if it can't do the right thing by a strategically vital industry, what can we trust the government to get right?

    "Our manufacturing sector is the backbone of Britain. It creates wealth for the exchequer and decent, skilled work for our people. It is criminal to let skilled men and women lose the jobs we need for our nation to remain competitive only for them to end up making sandwiches and stacking shelves."

    Source : IB Times
  19. forum rang 10 voda 4 november 2015 17:16
    Tax dispute threatens ArcelorMittal Bosnia operations - Report

    Balkan in Sight reported that a tax dispute between steel-manufacturing corporation ArcelorMittal and the government of Bosnia's Serb-dominated entity Republika Srpska could cause the firm to pull out of the country. A senior company employee told BIRN on Monday that “ArcelorMittal could shut down its operations across Bosnia and Herzegovina as a result of a tax dispute with the government of Republika Srpska.”

    He said “This could include ArcelorMittal's withdrawal from the iron ore mine it owns in Prijedor in Republika Srpska and the ironworks plant in runs in Zenica in Bosnia's Federation entity, with a knock-on effect for local railway, electricity, telecommunications and other companies that do business with ArcelorMittal.”

    The official said “The owner [ArcelorMittal] is seriously considering closing business both in Prijedor and Zenica, just like it did about month ago in Algeria.”

    The official accused local politicians in Republika Srpska of taking risks with the economy. He said "Instead of trying to keep the investor, who employs nearly 4,000 people and has half a billion [Bosnian] marks [250 million euros] of annual exports, the politicians are making the situation even worse.”

    The trade union representing employees at ArcelorMittal companies in Prijedor said on Sunday that it was worried about the fate of thousands of workers at companies that are owned by or do business with the corporation across Bosnia. It said "The union hopes that politicians will realise that their mutual quarrels can cause just the opposite effect, which is in no one’s interest. The union asks those who lead the country to focus on the people, and leave their daily political bickering aside.”

    The dispute erupted after the Republika Srpska Tax Authority declared several weeks ago that ArcelorMittal in Prijedor owes nearly 50 million marks (25 million euros) for unpaid taxes for the period 2010-2013. Republika Srpska government officials accused ArcelorMittal Prijedor of making extra profits and avoiding taxes by selling iron under so-called ‘transfer prices’ - under the market price - to its other Bosnian venture, the ArcelorMittal steelworks in Zenica.

    Source : Balkan in Sight
    Bijlage:
  20. forum rang 10 voda 4 november 2015 19:05
    Despite evaporation of Chinese steel demand, production remains high – CISA deputy

    People all over the globe have been watching the deterioration in Chinese steel sector closely and speculating about production cuts despite knowing the complex state owned structure of steel mills hoping for reduced exports and arrest in prices. But the observations of CISA Vice Chairman Mr Zhu Jimin on Wednesday highlight the magnitude of the crisis with Chinese domestic steel demand collapsing, prices sliding every week, banks tightening lending and losses mounting resulting in shutting down of some plants but overall capacity still hasn't fallen and Chinese steel sector is extremely stressed as reducing the supply is the only solution

    He told media “China’s steel demand evaporated at unprecedented speed as the nation’s economic growth slowed. The economic slowdown led to marked consumption declines in rolled steel. As demand quickly contracted, steel mills are lowering prices in competition to get contracts. Production cuts are slower than the contraction in demand, therefore oversupply is worsening. There are two ways of resolving the supply imbalance raising demand or cutting supply, and in the current economic conditions, there is no hope of raising demand. Chinese steel sector had entered “winter" and had a "very serious" problem with overcapacity. It is very hard to solve the problem of overcapacity by increasing demand the only solution is to reduce supply. To control production is the key to solve the problems in China's steel sector. Since 2010, government departments have issued 20 policy documents to eliminate inefficient capacity, and some has been shut, but overall capacity still hasn’t fallen.”

    He also said “Financing remains an acute problem as banks strictly restricted lending to the steel sector. Although China has cut interest rates many times recently, steel mills said their funding costs have actually gone up. Many mills found their loans difficult to extend or were asked to pay higher interest.”

    Mr Li Xinchuang, president of the China Metallurgical Industry Planning Association, told AFR that global mining giants had misread the market in the belief growth would continue into the next decade. He told “The market is shrinking gradually which is why their forecasts have some major problems. One thing is for sure China's production and consumption will decline in the future. China's steel consumption will fall below 600 million tonnes by 2030, down from 738 million tonnes last year.

    But with steel prices at their lowest in decades state-owned mills are closing plants. According to CISA, medium and large sized mills have incurred losses of CNY 28.1 billion (USD 4.4 billion) in the first nine months of this year. Custeel, a CISA affiliated consultancy, said that 24 blast furnaces had suspended operations in October as mills scheduled overhauls, adding that the number was expected to rise as losses mount. Bayi Steel has already shut a production base that has an annual capacity of 3 million tons. Hangzhou Iron and Steel will close its main Banshan production base by the end of 2015, while Maanshan Iron and Steel will shut some production lines in the fourth quarter

    Steel demand in China shrank 8.7% in September. Crude steel output in the country fell 2.1% to 608.9 million tonnes in the first nine months of this year, while outbound shipments jumped 27% to 83.1 million tonnes.

    In the first nine months, China's major steel enterprises posted combined sales of 2.24 trillion yuan, down 19.26 percent from a year ago. As per media report, Baosteel Group Corp forecast last week that China’s steel production may eventually shrink 20%.

    Market Intelligence Services PS 14
35.173 Posts
Pagina: «« 1 ... 313 314 315 316 317 ... 1759 »» | Laatste |Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met je emailadres en wachtwoord.

Direct naar Forum

Premium

ArcelorMittal geeft jaar met sterk Q4 toch enige glans

Het laatste advies leest u als abonnee van IEX Premium

Inloggen Word Abonnee

ArcelorMittal Nieuws

  1. Beursblik: ArcelorMittal overtreft verwachtingen
  2. AEX opent waarschijnlijk hoger. Let op ING, ArcelorMittal en Amazon
  3. ArcelorMittal ziet verlies afnemen
  4. Beursblik: beter vierde kwartaal bij ArcelorMittal verwacht
  5. Deze 5 aandelen kunnen deze week voor turbulentie zorgen
  6. Video: optimisme beursexperts volledig verdampt maar ASML blijft topfavoriet
  7. Beursblik: optimisme beursexperts volledig verdampt
  8. Beursblik: beter vierde kwartaal voor ArcelorMittal
  9. Mondiale staalproductie flink gestegen
  10. Valuta: euro springt omhoog