Beursonline.nl

voda 29 september 2016 16:42

0

Kazakhstan plans to increase steel production to 6 million tonnes by 2018

Kaz Tag reported that Kazakhstan plans to increase steel production to 6 million tonnes in 2018. The report quoted Mr Zhenis Kasymbek minister of investments and development as saying that "We plan that steel production volume will be increased to 6 million tonnes a year in 2018.”

In his words, within the frameworks of the second five year stage of the state program of industrial-innovational development the focus will be made on low tonnage industry and advanced types of steel in the ferrous metallurgy.

According to the statistics data, 3.9 million tonnes of unrefined steel were produced in 2015 in Kazakhstan, 2.5% down in comparison to 2014.

Source : Kaz Tag

voda 29 september 2016 16:42

0

ArcelorMittal South Africa to issue 17% shares

Bloomberg reported that ArcelorMittal South Africa Ltd will issue shares representing a 17% holding to a group of black investors as the continent’s biggest steelmaker seeks to meet the government’s objectives of boosting the participation of black people in the economy. ArcelorMittal South Africa will issue the shares to a specially formed company black-owned, Likamva Resources Pty Ltd. It also created a new employee-ownership program that will be allocated new shares representing 5.1% of the company.

AMSA said in May it would limit job cuts, invest in steel supply and increase black ownership in return for South Africa imposing anti dumping duties on cheap Chinese imports. The nation’s empowerment regulations require companies to obtain shareholding by those excluded from the economy under the apartheid, or whites-only rule, that ended in 1994.

The company said that “AMSA is committed to providing meaningful opportunities for historically disadvantaged persons to enter and benefit from the South African steel industry.”

AMSA said that Likamva has committed to introduce a so-called broad-based group as a shareholder within the company created for the purpose of the deal within 24 months. The additional holders, which will include social and community-development organizations in areas where AMSA has operations, will have an indirect 5% of the steelmaker. The new black-empowerment and employee shareholders will be restricted from selling their holdings for 10 years.

Source : Bloomberg

voda 30 september 2016 14:50

0

Beursblik: Jefferies verhoogt koersdoel Aperam

Koopaanbeveling gehandhaafd.

(ABM FN-Dow Jones) Jefferies heeft het koersdoel voor Aperam verhoogd van 40,00 naar 60,00 euro met een ongewijzigd koopadvies. Dit bleek vrijdag uit een rapport over de Europese staalsector.

Volgens de analisten slaagde Aperam erin om de bezetting en resultaten in Brazilië redelijk stabiel te houden in jaren waarin de vraag zwak was. Met aantrekkende voorraadniveaus en macro-economische indicatoren die de bodem hebben bereikt, heeft Jefferies goede hoop dat het winstmomentum op de middellange termijn terugkeert.

Beleggers moeten zich volgens de marktvorsers niet van de wijs laten brengen door de ontwikkeling van de Braziliaanse real, die mogelijk tijdelijk druk zet op het herstel en de export, want gezien de ontwikkeling van de balans zou Aperam in staat moeten zijn om zijn dividend aanzienlijk te verhogen.

Het aandeel Aperam sloot donderdag op een groene beurs 0,7 procent in de plus op 40,30 euro.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

Copyright ABM Financial News. All rights reserved

(END) Dow Jones Newswires

voda 30 september 2016 15:24

0

Kalyani Steels facing raw material cost pressure - MD

Business Line reported that iron ore and coking coal have been seeing a lot of cost escalation recently. Kalyani Steels, which has not benefited from the Minimum Import Price, is also bearing the brunt of these costs. Managing Director RK Goyal says the company has had to adjust prices time and again. BTVi spoke to Mr RK Goyal, Managing Director, Kalyani Steels, to get an outlook as to how the steel prices will pan out going ahead and how the company is going through these times.

Edited excerpts:

Q - How are you managing these tough times, and what is the outlook ?

A - The coking coal prices have gone up from $76-$77 to almost $210-plus. Similarly, iron ore prices, in Karnataka particularly, have gone up to ?500, depending on the grade. So this has definitely increased our cost by almost ?5,000. We have taken it up with all our customers. We are quite hopeful that they will accept this price increase.

Q - Are you engaging with the clients one by one and negotiating prices? Has you seen any support in prices?

A - There are two things. One, we are producing highly-customised products; so interdependence is fairly large. And we are continuously heading on services, which help us retain our customers. At the same time, while dumping is happening, it is a big challenge. We have to adjust our prices time and again.

We have already requested the government; we have made several representations. And we are hopeful that finally there will be something on our products also.

Q - You have a facility at Hospet in Karnataka. When was the last time you participated in the Karnataka auction?

A - Almost 100 per cent of the iron ore in Karnataka is sold through e-auction. Currently, because of the shortage of iron ore, while the base price is almost same, we will finally end up paying much more in the auction compared with what it was a few months ago. Because the availability is not increasing, rather it is going down, that is impacting the prices. As far the coking coal and coke is concerned, our costs have gone up by more than INR 4,000 on the coke front, and that is impacting our total numbers.

Source : Business Line

voda 30 september 2016 15:25

0

Metinvest posts USD 147 million EBITDA for July

Metinvest BV (the Netherlands), the parent company of the Metinvest international vertically integrated mining and steel group, posted a positive EBITDA of USD 147 million in July 2016, while it was USD 119 million in the previous month.

Source : Strategic Research Institute

voda 30 september 2016 15:25

0

Bankruptcy looms as bonds blocked for Dongbei Special Steel - Report

Global Times reported that financial sector's self regulatory body halted new bond issues by troubled Dongbei Special Steel Group Co on Wednesday a move that makes it highly likely the steelmaker will go bankrupt. The National Association of Financial Market Intuitional Investors said on Wednesday that Dongbei Special Steel has to "correct its behavior that violated regulations," and the body had halted further debt issues by the company.

Ms Wang Guoqing research director at the Beijing Lange Steel Information Research Center told the Global Times that the steelmaker has not yet announced its 2015 results or those for the first quarter of 2016, the post showed. Dongbei Special Steel will no longer be able to raise funds through bond issues. She said that "It has to look for other ways of getting financed, for example, by asking other enterprises for help.”

Mr Ivan Chung associate managing director at Moody's told the Global Times that it was to be expected that the regulatory body would stop Dongbei Special Steel from issuing new bonds, as the company has lost its credibility after a series of defaults.

Source : Global Times

voda 30 september 2016 15:27

0

Welspun to set up billet & rebar mini mill at Dharma in Odisha

Business standard reported that Welspun Group has proposed to set up a long steel products manufacturing unit at Dhamra off the coast of north Odisha. Welspun has committed an investment of INR 160.15 crore on the facility which would have a capacity to produce 0.27 million tonne of finished products like TMT rebars and steel billets every year.

The report quoted a senior government official as saying that “Welspun's proposal has been cleared by the State Level Single Window Clearance Authority. The unit needs 40 acres of land. Welspun had already acquired 175 acres of land at the chosen location where they originally proposed a pelletisation complex. But with pellet market depressed for now, they have shifted focus to long steel products.”

Source : Business standard

voda 30 september 2016 15:32

0

ThyssenKrupp CSA steel mill in Brazil finally gets environmental licence

Reuters reported that a note published in the state's official gazette said on Thursday that Rio de Janeiro's state environmental authority has granted a definitive operating license to Thyssenkrupp's CSA steel mill, which had been running on provisional licenses for the past six years, during which time it regularly attracted criticism from environmentalists and prosecutors.

Thyssenkrupp confirmed the license had been granted in a statement, adding it had fulfilled all environmental obligations.

Last week, a Brazilian judge issued a temporary injunction stopping the state government from granting the permanent operating license after prosecutors said a more thorough environmental assessment was needed. The injunction was lifted two days later.

Nearby residents in the suburbs of the City of Rio de Janeiro were bothered by dust, soot and particulate problems that plagued the mill in its early years. This led to fines and court-ordered shutdowns. Residents complained of problems ranging from respiratory woes to contaminated water.

The 5-million-tonne-a-year Cia Siderurgica do Atlantico has been plagued by problems since it was built. Planned during Brazil's commodities boom, it opened after construction problems and massive budget increases, only to be hit by a global glut in steel.

Source : Reuters

Bijlage:

voda 30 september 2016 15:37

0

MIP on steel creating inverted duty structure - EEPC India

Business Line reported that notwithstanding the government push to 'Make in India', the minimum import price on steel is driving up import of finished steel products putting immense pressure on small scale units. According to an Engineering and Export Promotion Council India analysis, import of finished goods in the form of steel and iron products has increased 22.5% and 51% between June and August this year,.

The apex body for exports in a statement said that on the other hand, import of raw material steel and iron has dipped 26% and 33% between June and August. This is a clear case of inverted duty, some thing which is not good for India’s drive on manufacturing.

In August, the Government extended the minimum import price on 66 steel products ranging between USD 341 to USD 752 per tonne till October 4. This will be reviewed based on import numbers.

The user engineering industry especially the MSME units in auto and auto parts, industrial and electrical machinery sectors are facing difficulty because of sudden escalation in raw material price. These sectors, which have low margins, are facing cut-throat competition and finding it difficult to compete globally.

Strongly opposing extension of a highly restrictive steel import regime, Mr TS Bhasin chairman of EEPC India said the inverted duty structure at this stage would be a big setback to the government’s flagship Make in India programme where the entire focus is on taking the country several notches up on the value chain to make India a factory of the world.

Source : Business Line

voda 30 september 2016 15:48

0

TATA Steel plans second phase expansion of Kalinganagar plant

Financial Express reported that TATA Steel is planning to initiate second phase expansion at Kalinganagar plant in Odisha to double its capacity to 6 mtpa, but has no proposal to set up another green-field steel plant in immediate future. Mr T V Narendran MD (India and South East Asia) of Tata Steel said that “Sometime in next six months a proposal will be sent to our board for its approval to start the second phase work at Kalinganagar, while the focus now is to achieve full 3 mtpa capacity in first phase fast.”

He also said that Kalinganagar plant, set up at an investment of over INR 25,000 crore, is likely to reach break even by the end of this fiscal. After achieving the first phase rated capacity of 3 million tonne per annum, second phase expansion can be taken up.

Mr Narendran however said that the steel maker has no plan to set up a third green-field steel plant in the country in near future, and would rather concentrate on raising capacities of its existing plants at Jamshedpur and Kalinganagar.

Noting that Jamshedpur plant’s present capacity stands at 10 million tonnes per annum, he said its capacity would go up to 11 million tonnes per annum as an approval has been obtained to add one more million tonne. Thus, both Jamshedpur and Kalinganagar would churn out up to 17 million tonnes per annum post-expansion.

TATA Steel, which has 2,000 acres of land in Kalinganagar, is already in the process of getting another 1,000 acres, Narendran said, adding that with 3,000 acres of land, the newly set up steel plant would even be in a position to raise capacity up to 15 to 16 million tonnes per annum in a phased manner.

Source : Financial Express

voda 30 september 2016 15:50

0

NDRC cracks down on polluting steel mills in China

Global Times reported that China’s top planner National Development and Reform Commission has forced two steel companies to shut completely, 29 companies to suspend production and another 23 to curb output volume. The closures and curbs followed a nationwide inspection of more than 1,000 steelmakers in the country

The planner did not identify the companies, nor did it give details on how the companies broke the rules and how long the penalties will be in place.

Beyond the safety and environment rules, the NDRC also listed other infractions such as violations of energy consumption rules or quality standards.

The statement reflects the government's continued push to force obsolete mills and mines to comply with tough new pollution rules by meeting emission standards and installing appropriate monitoring equipment.

Source : Global Times

voda 30 september 2016 15:51

0

Association for Iron & Steel Technology to expand headquarters

The Association for Iron & Steel Technology is expanding its headquarters in Warrendale. The trade group has reached a deal with its sister organization, the Minerals, Metals and Materials Society, to buy out its stake in the 24,000-square-foot building they've shared since it was built in 1999.

AIST Executive Director Ronald E Ashburn said the additional space in the building at 184-186 Thorn Hill Road in the RIDC Thorn Hill Industrial Park is much needed to accommodate growth for the organization.

The additional space is expected to be enough room for 30 more employees, along with additions such as a video conference room, training area and multimedia production studio.

AIST has hired Design 3 Architecture to design a new layout for its office expansion.

Source : Biz Journal

voda 30 september 2016 15:52

0

Emirates Steel uses drones for safer plant inspections

Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of industrial conglomerate, Senaat, is using a groundbreaking inspection technique utilising unmanned aerial vehicles (UAV), or drones, in its annual safety and maintenance inspections, the company announced on Thursday.

The move enables Emirates Steel to track and analyse maintenance risks and plan a customised repair program in a safer mode avoiding possible shutdowns, the company said in a press release.

The drone technology helped avoid a five-day shutdown in the company's direct-reduction plants (DRP), typically required to inspect live flares.

The company described the move as a major step towards achieving increased plant availability and maintaining efficient production through a regular maintenance programme based on reliability, risk inspection in line with its maintenance strategy.

Saeed Ghumran Al Remeithi, CEO of Emirates Steel said, "We are keen to adopt the latest approaches and advanced technologies to ensure reliability of our assets operations and manufacturing processes, and to achieve the highest standards of asset integrity. Emirates Steel is one of the first regional and local industrial groups that has utilised unmanned aerial vehicle in such inspections."

Source : WAM

voda 30 september 2016 15:54

0

ArcelorMittal Cleveland urges court for dredging of Cuyahoga River shipping channel

cleveland.com reported that ArcelorMittal said that the steel mill will suffer catastrophic harm if a federal judge doesn't immediately order the US Army Corps of Engineers to dredge the Cuyahoga River shipping channel. Company's lawyers' said in a 17-page motion to intervene filed in US District Court said “If the Army Corps fails to dredge this fall, the steel mill could be forced to curtail or shut down its blast furnaces without the raw materials necessary to make steel.”

The motion said “As sediment has built up in the shipping channel, cargo ships have been compelled to lighten their loads to prevent bottoming out or becoming stuck in the river. Due to the lighter loads, the steel mill's inventory of iron ore pellets has reached a critically low level. Each passing day decreases the likelihood that ArcelorMittal will be able to recover from that inventory shortfall without having to curtail or idle its plant.”

The Army Corps is required by law to dredge the shipping channel and Cleveland Harbor to a depth of 23 feet to maintain marine commerce. But the Corps has failed to dredge this year, arguing it isn't necessary, while contesting the lawsuit.

Federal Judge Donald Nugent has not yet decided whether to order the Army Corps to dredge and dispose of the sediment in a lakefront containment dike. The Army Corps would prefer to dump the dredged sediment directly into Lake Erie, or that someone else pay to dispose of it in a dike.

In a typical year, the Army Corps would have dredged the six-mile channel in May, and begun a second dredging this month. An unusually dry spring and high lake levels have kept the shipping channel navigable.

Source : cleveland.com

Bijlage:

voda 3 oktober 2016 16:37

0

Former SSI contract steel workers to get GBP 700000

Gazette Live reported that an employment judge in UK has granted the award over a lack of consultation when the Redcar plant closed last year. Former contract workers at SSI have reportedly been awarded a share of GBP 700,000 by an employment judge over a lack of consultation when the Redcar plant shut.

154 workers from contractor Hargreaves, who handled raw materials and ran the coke ovens at the plant, were told they would receive a share of the sanction the company have to pay over the way they lost their jobs. The award follows a five-day tribunal and equates to seven weeks pay.

In a statement Hargreaves is reported as saying: “The closure of SSI has had a significant impact on all those involved. Hargreaves was a major supplier to the steelworks and was also one of those impacted. At the time, the business worked with stakeholders to exhaust all possible means of saving jobs and keeping operations going.”

In March former SSI workers were awarded more than GBP 6 million after winning another major legal victory. That successful case was mounted by more than 1,100 members by the steelworkers’ union Community. Unions argued correct procedures weren’t followed during the redundancy process. The claim was upheld by an employment judge in court on Teesside and the full payout totals GBP 6.25 million.

The works were mothballed exactly a year ago, with all 3,000 staff and contractors made redundant.

Source : Gazette Live

voda 3 oktober 2016 16:39

0

TATA steel UK holds talks with Welsh government

Insider Media reported that chief executive of TATA Steel UK Mr Bimlendra Jha and economy secretary Mr Ken Skates have held talks over Welsh Government support for the company's Welsh sites in Port Talbot, Trostre, Llanwern and Shotton. The proposed package could include a major environmental improvement project for Port Talbot, a potential investment in sustainable premium product capability for Shotton and a potential training support package for employees across all TATA Steel sites in Wales. A significant increase in research and development investment in new products at Port Talbot is also expected. The meeting also covered conditions the Welsh government would require for the investment project.

Mr Skates said that "It is clear Tata Steel UK is facing significant issues, including pensions and energy, which need the help of a number of stakeholders to resolve. We remain fully committed to doing all we can to support steel making in Wales. Our primary concern is for the Tata Steel workforce, and associated communities and for the long-term and sustainable future of the whole Tata Steel operation in Wales.

He added that "We will continue to do all we can to safeguard the industry and the substantial value it delivers directly and indirectly to the Welsh economy, and we will continue to support any future ownership structure for Tata Steel's activities that offers the best prospects of retaining jobs and sustainable steel production here in in Wales."

Mr Bimlendra Jha said that "The Welsh government has maintained its promise to support training, innovation and environment improvement schemes for the Welsh operations t of Tata Steel UK. We had a constructive dialogue detailing potential areas of support. Given the challenges facing the steel industry in general our shared focus is on placing Welsh plants on a more competitive and sustainable footing going forwards."

Source : Insider Media

voda 3 oktober 2016 17:09

0

3 secondary steel units CP Sponge Iron, Shyam Steels and Kajaria Iron found polluting Damodar River

The Statesman reported that three secondary steel units of Durgapur were caught flouting the basic standards of release of effluents, both in the air and into the Damodar river. The report quoted Mr Sankha Santra SDM of Durgapur as saying that “They have been summoned and issued showcause notices after the Task Force’s surprise inspection on Wednesday, which revealed that the factories were indiscriminately releasing major polluting agents like Suspended Particulate Matter (SPM). Also, we found major anomalies on their part in maintaining safe working conditions inside the factory shops.

The workers at the factories, according to the officials, are forced to work in hazardous conditions as severe air pollution causes breathing trouble. Mr Santra said that “We stayed there for some time and were feeling uncomfortable. The plight of common workers can easily be imagined. I have asked the assistant labour commissioner to conduct a separate inspection and furnish a report. No supervisor was visible inside the factories and the factories inspector has been asked to look into the matter.”

On 20 September, the Task Force had pulled up the same three units CP Sponge Iron, Shyam Steels Limited and Kajaria Iron Casting for causing water pollution. Samples of polluted water were drawn from the Tamla channel that carries effluents to the Damodar river. The hazardous chemicals present in the samples were Fluoride (0.36 miligram per litre), Chloride (72.85 mg per litre), and Calcium Carbonate. The hardness was measured at 140 mg per litre, while total alkalinity of the water was measured at 190 mg per litre.

About the status of ambient air, the Automatic Air Quality Information Station found on 28 September that presence of carbon monoxide between 6 pm and 7 pm was highest at 1.290000 mili gram per cubic metre and Nitrogen Di-Oxide and Sulphur Di-Oxide presence was recorded at 21.450000 micro gram per cubic metre and 9.950000 micro grams per cubic metre respectively.

Mr Anjan Faujdar regional environmental engineer at the West Bengal Pollution Control Board’s regional office here, stated that “The process of conducting raids in different industrial units will continue as the production units are found blatantly flouting the pollution norms.”

Source : The Statesman

Bijlage:

voda 3 oktober 2016 17:10

0

Khouzestan Steel Company exports steel billets to Canada as sanctions lifted

Iran Daily reported that Khouzestan Steel Company has exported the first consignment of steel billets to Canada following the implementation of Joint Comprehensive Plan of Action. KSC's export manager Mohammad Hossein Emam said the Canadian company expressed satisfaction with KSC steel products following a visit to steelmaking plants. He hoped to increase the exports of KSC products as part of efforts to maintain good trade relations with Canada and other countries.

Iran and the P5+1 (the United States, Britain, France, China and Russia plus Germany) finalized the text of the JCPOA on lifting sanctions against Tehran in Vienna in July 2015.The nuclear agreement went into effect in January 2016.

Source : Iran Daily

voda 3 oktober 2016 17:12

0

Import duty on electrical steel may impact expansion in India - ThyssenKrupp

Press Trust of India reported that German conglomerate ThyssenKrupp believes that slapping anti-dumping duty on import of silicon steel, a raw material used for making specialised electrical steel, can impact the engineering giant's expansion plans in the country. ThyssenKrupp India CEO and Managing Director Ravi Kripalani told PTI "The duty imposition will help no one, but it will impact our ability to produce high-end specialised steel. We are committed to the government's Make in India programme and want to bring the best technologies here. Duty on silicon steel can impact our plans to continue to invest in manufacturing facilities for value addition to produce high-end specialised products here.”

The issue relates to steel companies filing petition for anti-dumping duty on import of hot rolled steel coils from China, Japan, South Korea, Brazil, Indonesia and Russia. The petition also covers silicon steel. In August, India imposed provisional anti-dumping duty on HRC steel from these six nations, that ends in February 2017. Now investigations are on to analyse whether the duty can be slapped for five years.

The firm imports silicon steel for its Nasik unit where it manufacturers electrical steel, a specialised product used for making iron core of motors, transformers and generators. ThyssenKrupp India is the only producer that uses silicon steel to make a more specialised electrical steel product, grain oriented, used in transformers and magnetic amplifiers.

The company has in last two years invested around INR 350 crore in India to set up an elevator making facility in Pune and aerospace unit in Bengaluru. It also plans to invest up to INR 200 crore to expand its steel making unit in Nasik, Maharashtra.

Source : Press Trust of India

voda 3 oktober 2016 17:12

0

Arrium faces AUD 4 million costs per day after electricity blackout

The Age reported that Australian steel and iron ore producer Arrium , which went into administration in April, may face costs of as much as AUD 40 million following storms that caused blackouts. A spokesman for administrators KordaMentha said on Sunday that Arrium faces costs of about AUD 4 million a day, with operations potentially not being restored for as many as 10 days

Daily production of 3500 tonnes of steel has been halted from Whyalla since storms caused damage and flooding across the state of South Australia, including its capital city, Adelaide.

Source : The Age

Vertraagd	7 mrt 2025 17:36
Koers	30,480
Verschil	-1,690 (-5,25%)
Hoog	31,770
Laag	30,480
Volume	4.319.928
Volume gemiddeld	3.001.505
Volume gisteren	8.534.283

10:02	ArcelorMittal, Air France-KLM en bank...
03 mrt	Video: beursexperts somber gestemd vo...
02 mrt	Experts somber gestemd voor maart maa...	8
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

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws meer