Beursonline.nl

voda 13 november 2012 16:38

0

US Steel receives approaches for Slovak business

Reuters reported that investors have expressed interest in US Steel Corporation's Slovak operation because of its location, low labor costs and product portfolio.

US Steel Kosice, the euro zone country's largest private corporate employer with more than 11,000 staff including subsidiaries, is an important supplier for Slovakia's booming car industry, the key driver of the small economy.

Mr Jan Baca spokesman for US Steel Kosice confirmed that it had received approaches, but he would not comment on reports that German group ThyssenKrupp and investors from Ukraine were among those interested.

The Pittsburg based parent company said in October 2012 that plummeting steel prices, suffering from the global economic slowdown and weak demand in China, will dent its fourth quarter results.

Mr Baca cited US Steel Kosice's good product portfolio for growing markets in the Czech Republic, Hungary, Poland and Slovakia as factors behind investors' interest.

He acknowledged that US Steel Corporation will explore this interest but that no decisions had been made.

The euro zone debt crisis, accompanied by rising energy and raw material costs, dented US Steel's Slovak revenues in 2011. The Slovak business recorded a net loss of EUR 25 million in 2011 as compared with a EUR 96 million profit a year earlier.

Source - Reuters

voda 13 november 2012 16:40

0

Steel sanctions cut deep into Iranian economy

Reuters reported that Iranian manufacturers and builders face serious shortages of steel and other metals as a new European Union export ban adds to troubles for an economy already reeling from sanctions on its finances and oil exports.

Reliant on imports to make up a shortfall in its own steel production, data shows Iran's purchases of foreign steel already falling as buyers are being hit by EU and US measures which hinder banks, insurers and others supporting trade with Tehran until Iran agrees to alter its nuclear program.

Short of major currencies, some Iranian steel buyers have resorted to barter deals. But explicit sanctions imposed by the European Union on October 15th 2012 on sales of steel, aluminum and other key materials have prompted some traders to halt all sales and Iranian businesses now face rising prices and scarce supply.

Given steel's central role in the economy in the skeletons of new buildings or for constructing machinery disruption to trade in the metal may cause far reaching damage exactly the aim of the Western powers who want to prevent Iran developing nuclear weapons and reject its denials that it has any such aim.

Mr J Peter Pham director with US think tank the Atlantic Council said that "The ban on metals like aluminum and steel recently imposed by the EU has a sort of multiplier effect of pushing the Tehran regime into a new cycle of activities to dodge the effect of the sanction, a course which will end up creating new complications and pushing up costs. At the current pace, Iran's industrial base will be rendered a cripple."

Newly re elected, President Barack Obama and his allies have resisted calls, notably in Israel, for military action against Iran's nuclear industry but have stepped up economic sanctions to press the clerical leadership into changing diplomatic tack.

Iran has imported up to 10 million tonnes of steel annually in recent years but data from the International Steel Statistics Bureau suggest a declining trend, even before the EU ban. Imports were about 4 million tonnes in the first 9 months of 2012, almost a quarter down from the same period last year.

Builders across Iran are suspending construction projects and channeling any spare funds into land purchases or safe haven assets like gold in a frantic bid to hold onto the value of their wealth rather than take a risk with long term investments.

Source - Articles.chicagotribune.com

voda 13 november 2012 16:47

0

China imported 56.43 million tonne of iron ore in October

According to China Customers, China imported 56.43 million tonnes of iron ore in October, up 13% YoY but down 13.2% MoM.

Total imported in the first 10 months is 607.12 million tonnes, up 8.9% from the corresponding period of last year.

Source - www.steelhome.cn
China steel information centre and industry database

voda 13 november 2012 16:48

0

Iron ore inventory at China main ports on Nov 9th 2012

As of November 9th, iron ore inventory at 36 Chinese ports stayed at 92.50 million tonnes, down 0.8 million tonnes from November 2nd. Of the total stock, Indian ore accounted for 5.9 million tones, down 0.2 million tonnes from November 2nd.

Port resources can support 28 days of production based on current steelmaking activities in the China.

Source - www.steelhome.cn
China steel information centre and industry database

voda 14 november 2012 16:44

0

'Posco aast op Canadese mijnen Arcelor'
Gepubliceerd op 14 nov 2012 om 07:31 | Views: 403

Mittal 16:26
EUR 11,99 -0,16 (-1,28%)

SEOUL (AFN) - Een consortium met daarin onder meer het Zuid-Koreaanse staalconcern Posco wil een belang nemen ter waarde van circa 1 miljard dollar (786 miljoen euro) in een Canadese ijzerertsproducent in handen van ArcelorMittal. Dat werd woensdag gemeld door het Zuid-Koreaanse zakenblad Money Today.

Het consortium zou een belang van 10 procent nastreven in ArcelorMittal Mines Canada en Posco wil 200 tot 300 miljoen dollar investeren. De rest komt van zijn partners. Posco wordt geadviseerd bij de transactie door Morgan Stanley, aldus het rapport. Posco liet weten dat de mogelijkheden worden bestudeerd, maar dat er nog geen besluit is gevallen.

Posco wil meer zelfvoorzienend worden met grondstoffen voor de productie van staal, zoals cokes en ijzererts. In 2014 wil het bedrijf voor 50 procent in de eigen behoefte kunnen voorzien. ArcelorMittal zou juist een minderheidsbelang in de Canadese mijnbouwactiviteiten willen verkopen.

voda 14 november 2012 16:52

0

Baosteel to hike list prices by up to CNY 120 a tonne for Dec

The Chinese steel giant Baosteel announced to hike its list prices for its major products including hot rolled, cold rolled, pickled, hot dipped galvanized steel products by CNY 80 to CNY 120 per tonne for December 2012.

Dealers said that Baosteel's price hike aims to reflect the firm's positive forecast for the steel market.

Also, it's expected that Baosteel's price rise will help to support the Chinese steel flats market to rise in the near future.

Source -www.yieh.com

voda 14 november 2012 16:53

0

Chinese steel market prices rebounded and recovered in Oct

China's prices of steel products are rising in the various areas. The market prices of steel products in the various areas showed bottoming out in the middle of October 2012, rebounded in late October 2012 in some areas, and are showing the upward trend among a wide range of items across a wide range of areas in this week. In case of flat rolled steel sheets, they have recovered to the level in August when they were continuing to drop and have brought back about 70% from the peak.

According to a source, prices of hot rolled steel coils in Shanghai have risen by CNY 110 since late October 2012 to this week. Also in Tianjin, Beijing and so on, those are rising even slightly by CNY 30 to CNY 40 and such price rise has not stopped. In case of cold rolled steel sheets, most of those prices remain in a state of leveling off while those of steel plates increased by CNY 100 in Tianjin and Shanghai.

In the backdrop of the market price rise, there is the domestic price increase for November shipment by the major mills, and as a result, customers seem to be considering as bottoming out. With this, it seems that a sense of security is going around, and the market prices have risen in each area.

A source of a blast furnace mill pointed out that expectation for a new administration would also be one of the factors for price recovery of steel products. As the end distributors' cash flow is easing up due to implementing the policies like cuts of the lending rate of interest and so on, customers begin to replenish inventory from anticipation of a future rise. It seems that there is also an expectation for demand stimulation to steel products by the new government.

Anyhow, the market recovery of steel products in China is seen to have a good impact on the steel market in Asia. Such information is spreading that for the time being, the Chinese mills raised their prices of HR coils and so on by USD 20 to USD 40 in negotiations for December 2012 shipment, and made contracts with about USD 20 increase. As the environment being unnecessary to sell steel products cheap is created, each mill of each country moves in the direction to raise its prices of each item in January 2013 shipment.

Source - TEX Report Limited

voda 14 november 2012 16:56

0

ThyssenKrupp not interested in US Steel's Slovak unit

Germany's ThyssenKrupp said that it was not interested in US Steel Corporation's Slovak operations.

US Steel Kosice, Slovakia's largest private corporate employer, earlier said investors have expressed interest in the business because of its location, low labor costs and product portfolio.

Source - Reuters

voda 14 november 2012 16:57

0

US weekly raw steel production dropped by 3.5pct YoY

American Iron & Steel Industries reported that, in the week ending November 10th 2012, US domestic raw steel production was 1.746 million tons while the capability utilization rate was 70.7%. Production was 1.809 million tons in the week ending November 10th 2011, while the capability utilization then was 73%.

The current week production represents a 3.5% YoY decrease from the same period in the previous year. Production for the week ending November 10th 2012 is up by 1.7% WoW from the previous week ending November 3rd 2012 when production was 1.707 million tons and the rate of capability utilization was 69.1%.

Adjusted YTD production through November 10th 2012 was 84.557 million tons, at a capability utilization rate of 76%. That is a 3.3% YoY increase from the 81.819 million tons during the same period last year, when the capability utilization rate was 74.4%.

Broken down by districts, here's production for the week ending November 10th 2012:

1. North East: 206
2. Great Lakes: 642
3. Midwest: 264
4. Southern: 545
5. Western: 89

(In thousands of net tons)

AISI's estimate is based on reports from companies representing about 75% of the US's raw steel capability and includes revisions for previous months.

Source - American Iron and Steel Institute

voda 14 november 2012 16:58

0

ArcelorMittal to re launch one galvanized production line for auto market

It is learned that ArcelorMittal is evaluating the possibility to reopen one galvanized production line in its plant in Aviles in Spain which is shut down now, in order to provide steel to local automotive industry.

Mr Luis Ángel Colunga, an Industry leader of the automotive sector, said that the automotive sector of Spain is in situation of year 70s, based on some indices

Therefore, he said that ArcelorMittal is evaluating possible new orders in next year because of the positive perspective of Spain's automotive industry.

Source -www.yieh.com

voda 14 november 2012 17:01

0

ArcelorMittal Kryvyi Rih crude steel output up by 15pct in Jan-Oct

In the January to October period of the current year, the crude steel production of ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal totaled 5.306 million tonnes up 14.8% YoY.

In addition, in the first 10 months of the year ArcelorMittal Kryvyi Rih registered a 14.1% increase year on year in its finished steel output to 4.610 million tonnes. During the period in question, pig iron production at ArcelorMittal Kryvyi Rih increased by 17.3% YoY to 4.638 million tonnes.

Meanwhile, in October alone, crude steel production at ArcelorMittal Kryvyi Rih increased by 2.2% to 539,700 tonnes output of finished steel went up by 13% to 477,800 tonnes and production of pig iron moved up by three percent to 464,900 tonnes all on YoY basis.

Source - Visit www.steelorbis.com for more

voda 15 november 2012 16:25

0

ArcelorMittal verkoopt 50%-belang in Kalagadi Manganese

AMSTERDAM (Dow Jones)--Staalconcern ArcelorMittal (MT.AE) heeft zijn 50%-belang in de joint venture Kalagadi Manganese verkocht aan Daphne Mashile-Nkosi voor een bedrag van ongeveer $447 miljoen, meldt de onderneming donderdag.

De joint venture werd in 2007 opgezet om mangaan te winnen in Zuid-Afrika. Het Zuid-Afrikaanse bedrijf Kalahari Resources houdt na afloop van de transactie 40% van de joint venture in zijn bezit. De resterende 10% is in het bezit van Industrial Development Corporation.

- Door Levien de Feijter; Dow Jones Newswires; +31 20 571 52 00; levien.defeijter@dowjones.com

voda 15 november 2012 16:57

0

Chinese steel production rises in October 2012

Bloomberg reported that total crude steel output in China rose by 2% MoM in October 2012 amid signs of a demand pickup.

Based on monthly data collated by the National Bureau of Statistics, production reached 59.1 million tonnes in October 2012, up from 57.94 million tonnes in September 2012. Output was 6% higher than a year ago.

According to the median estimate of 31 economists in a survey compiled by Bloomberg, economic growth in China may reach 7.7% this quarter from 7.4% in the three months ended September 30th 2012.

Mr Hu Yanping chief analyst with Beijing-based researcher Custeel.com said that "Mills in northern China we’ve talked with over the past month has been operating at high capacity utilization ratio. There were also very few cases of suspension for maintenance."

According to Beijing Antaike Information Development Co, Chinese prices for hot rolled coil, a benchmark product, have climbed 21% from a three year low on September 7th 2012, after the government announced plans to spend on subways, railroads, roads, sewage treatment plants, port and warehouse projects. Prices rose 0.6% to CNY 3,950 a tonne.

On a daily basis, output fell to 1.91 million tonnes in October 2012 from the 1.93 million tonnes in September 2012, which was the highest level since June 2012. For the first ten months, production gained 2.1% to 602.2 million tonnes.

Source - Bloomberg

voda 15 november 2012 16:58

0

Chinese major steel mills report rising losses - CISA

The China Iron and Steel Association said that almost half of China's large and mid sized steel mills reported losses during the first nine months of 2012.

Combined losses amounted to CNY 26.73 billion, marking a 41.5 fold increase in losses year on year. Last year's losses were CNY 644 million.

Mr Wang Xiaoqi VP of CISA said that the steel companies' sales fell 6.49% from one year earlier during the first three quarters, due to a slowing economy and oversupply.

Data showed that China's apparent consumption of steel rose 2% to 510.28 million tonnes during the first nine months, slower than the 11.73% increase seen in the same period last year.

Demand has softened in the world's largest steel producing nation since the start of the year, as the country scaled back investment in rail construction and property development amid a slowing domestic economy.

Mr Wang said that "The steel industry is facing continued challenges because of weak steel prices and a rebound in iron ore costs."

However, Wang predicted demand recovery in the fourth quarter with the implementation of pro growth measures rolled out by the government. These included more aggressive fiscal spending, structural tax reduction, monetary loosening and state-run sectors opening to private capital.

He said that "Steel prices rose slightly in late September, showing signs of a recovery in the steel market. Demand may improve in the fourth quarter."

Source - Xinhua

voda 15 november 2012 17:00

0

Bijzonder interessant!

Leybold Vacuum Solution cuts energy use by up to 90pct

Pollution Solutions reported that Oerlikon Leybold Vacuum's (Germany) vacuum solution has recently received a steel degassing order. Jailaxmi Casting & Alloys, an Indian steel producer, have been persuaded by the innovative systems and redundant components.

Mr Inamdar Shrikant, Regional Sales Manager for India said that "The new system offers the right parameters to significantly reduce energy costs while at the same time being designed to guarantee a stable production process."

Dissolved gases can be absorbed in molten metals and potentially have a harmful effect on metal during the process. To help remove these gases and purify the metal, secondary metallurgic treatment is undertaken using a vacuum.

Recently, Oerlikon Leybold Vacuum created a vacuum solution for this reason and has resulted in successful installations around the world within the steel treatment industry. Leybold's vacuum system has been developed to reach the tough demands placed on steelworks. Using a modern vacuum system for this process step instead of relying on traditional steam jet techniques can reduce energy consumption by up to 90%.

The order received from JAILAXMI CASTING & ALLOYS is for a compact mechanical vacuum system for a 35 tonne tank degasser. This will include the series of RUVAC WH7000 pumps and the dry screw pump DRYVAC DV1200. These pumps have been chosen as they are perfect for areas that create high levels of dust an steam and also require very little maintenance.

The large majority of dry compressing pumps with this pumping speed require almost 20 KW during normal operation. In contrast, the DRYVAC DV1200 uses only 14 KW. Because it only uses two different standard pumps, users benefit from shorter delivery times and greater availability of replacement pumps when service is required. Moreover, because the pumps work in parallel, operations continue and output remains largely unchanged in the event that one individual pump fails unlike with traditional mechanical systems using one large roots pump.

Dr Martin Füllenbach CEO of Oerlikon Leybold Vacuum said that “The new order has increased Oerlikon Leybold Vacuum's market share in strategically important areas. The company's systems are already in use in steelworks in Germany, Italy and China, where batches of up to 120 tonne are treated. This order from India is a positive sign that Oerlikon Leybold Vacuum's vacuum systems are considered efficient and sustainable by the steel market. It also demonstrates the company's successful entry into a strategically important growth market."

Source - www.pollutionsolutions-online.com

voda 15 november 2012 17:04

0

US Steel considers sale of last remaining European steel mill

Bloomberg reported that US Steel Corporation is considering selling its last remaining European steel mill.

Mr Jan Baca, a spokesman for the Slovakian unit, said that the company has received expressions of interest in US Steel Kosice.

US Steel is paring down its operations in Europe. It said in October 2012 that it would break even in the region in the current quarter as slowing consumption drives down spot prices and shipments. The company sold its only other European plant, in Serbia, in January 2013 for USD 1, triggering a USD 450 million charge in the first quarter.

US Steel bought its Slovakian operations in 2000 for USD 475 million. The plant has annual production capacity of 5 million tonnes, including two coke batteries, three blast furnaces and other operations that produce sheets, tin mill products and pipes.

Source - Bloomberg

voda 15 november 2012 17:13

0

POSCO consortium eying stake in ArcelorMittal mine

According to South Korean financial publication Money, a consortium including South Korean steelmaker POSCO is seeking to acquire a roughly USD 1 billion stake in a Canadian iron ore mine operator controlled by ArcelorMittal.

Money said that the bidding group seeks to acquire about a 10% stake in ArcelorMittal Mines Canada, with POSCO looking to invest USD 200 million to USD 300 million and the rest coming from its partners, Today said citing unidentified sources in the merger and acquisition industry.

It said that Morgan Stanley is advising POSCO.

A POSCO spokeswoman said that the company was studying the possibility of buying a stake in the operator, but nothing had been decided yet.

POSCO is seeking to secure iron ore and coking coal resources, which are key steel-making ingredients, as the world's fourth biggest steelmaker aims to double raw material self-sufficiency to 50% by 2014 from 2010 levels.

ArcelorMittal, the world's largest steelmaker, is exploring the sale of a minority stake in its Canadian iron ore business, sources familiar with the situation had said in October.

One of the sources said that ArcelorMittal has retained RBC Capital Markets and Goldman Sachs to assist in the process, which has been ongoing for a few months, adding that a deal is likely to be announced before the end of the year.

Source - Reuters

voda 15 november 2012 17:21

0

Staalbedrijven kregen rake klappen; is het dieptepunt nu bereikt?

ArcelorMittal en Aperam maakten over het derde kwartaal verliezen bekend. Is dit een goed moment om in te stappen, of moeten beleggers nog even wegblijven? Drie argumenten voor en drie tegen beleggen in staal.

Wel doen
Dieptepunt bereikt

Wie er op tijd bij wil zijn als de wereldeconomie zich herstelt, zou in staalfondsen als het in Amsterdam genoteerde ArcelorMittal kunnen stappen. Dat zegt Frank Claassen, analist van Rabobank. ‘Als de markt draait, is het een van de eerste fondsen die profiteren van herstel.’ De staalmarkt wordt vooral gedreven door de Chinese staalprijzen. ‘Die zijn maatgevend voor de rest van de wereld.’ En zelfs op Europese staalfondsen, waarvan Arcelor veruit de grootste is, hebben die effect.

De grote vraag is natuurlijk of dat dieptepunt al is bereikt. Analisten en Arcelor zelf verwachten dat de bodem het vorige kwartaal of dit kwartaal is bereikt. In 2013 volgt er herstel vanuit die Chinese markt, waarvan de ijzererts- en staalprijzen de laatste weken al voorzichtig tekenen laten zien. Volgens de wereldwijde brancheorganisatie voor staal neemt de vraag volgend jaar licht toe ten opzichte van 2012. ‘Dit is het dieptepunt in de cyclus’, zei de financiële topman van Arcelor bij de presentatie van de teleurstellende derdekwartaalcijfers.

zie verder de link. Ik mag niet meer plaatsen..

fd.nl/beurs/nieuws/950805-1211/staalb...

Alles kwijt 15 november 2012 19:50

0

USA beleeft vrijdag-avond een wegtrekker naar beneden. Daartengevolge maandag de AEX verder down. Maar Mittal schiet omhoog. Want 'het dieptepunt is bereikt'.
De vraag die net gesteld is: Zal ik nu instappen? Antwoord; ja vooral nu instappen.

De vraag die net niet gesteld is: Zal ik blijven zitten, want ik heb me de laatste tijd tegen het plafond aan zitten middelen / bijkopen c.q. messenvangen.
Antwoord: ja, vooral blijven zitten.

Ughe, ughe, ughe.

[verwijderd] 15 november 2012 20:09

0

quote:
Alles kwijt schreef:
USA beleeft vrijdag-avond een wegtrekker naar beneden. Daartengevolge maandag de AEX verder down. Maar Mittal schiet omhoog. Want 'het dieptepunt is bereikt'.
De vraag die net gesteld is: Zal ik nu instappen? Antwoord; ja vooral nu instappen.

De vraag die net niet gesteld is: Zal ik blijven zitten, want ik heb me de laatste tijd tegen het plafond aan zitten middelen / bijkopen c.q. messenvangen.
Antwoord: ja, vooral blijven zitten.

Ughe, ughe, ughe.

Gelukkig zijn er op deze wereld nog verstandige mensen zoals "alles kwijt". Die beleggen alleen in aandelen waarvan het zeker is dat ze alleen maar in waarde stijgen.

Vertraagd	19 feb 2025 17:35
Koers	27,220
Verschil	-0,490 (-1,77%)
Hoog	27,930
Laag	26,890
Volume	3.118.225
Volume gemiddeld	2.582.844
Volume gisteren	2.424.499

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

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 3)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws meer