Arcelor Mittal « Terug naar discussie overzicht

quote:

Toekomstbeeld schreef op 3 augustus 2017 17:00:

[...]

Elke keer als de koers stijgt komen de TAers....Nico zit long.

quote:

Toekomstbeeld schreef op 3 augustus 2017 17:09:

[...]

Haha shit, die pagina shift heb ik gemist. Krijg zelf ook de mails van SA maar heb die pagina shift compleet gemist. Weer wat geleerd!

quote:

voda schreef op 3 augustus 2017 16:48:

Interessant voor 03har?

SAIL RSP plate mill achieves 94% capacity utilization in July

PTI reported that Steel Authority of India Limited’s Rourkela Steel Plant said that its new Plate Mill, which was brought back to normalcy on June 30 after a temporary setback, has registered the best ever monthly performance since inception in all important parameters last month. The mill rolled highest ever 78,254 tonnes of the slab in July. During the month, the mill produced 70,367 tonnes of plates by utilizing around 94% of its capacity. This is an increase of 14.3% over the previous best monthly figure of 61,547 tonnes.

The dispatch of 60,963 tonnes of plates from the New Plate Mill matched the production and was the highest ever. The last best monthly dispatch of 60,124 tonnes was registered in March 2017. The July dispatch included the export of 13,172 tonnes of CE marked plates to the highly competitive European market where RSP has created a niche for itself

Besides, 30,398 tonnes of High Tensile Plates were also dispatched during the month.

Source : PTI

quote:

ressiva_ schreef op 3 augustus 2017 17:12:

Een voordeel is ook dat als de koers van AM lekker stijgt, die Snuf ook ineens weg is met zijn getreiter!
Ik zei al vanmorgen: kost je geld Snuf.

quote:

Jean Bakker schreef op 3 augustus 2017 17:08:

And squeeze :-).

quote:

voda schreef op 3 augustus 2017 17:27:

For the believers. :-)

Iron ore jump a short-term treat

The Sydney Morning Herald reported that iron ore experts are divided over the direction of Australia's largest export, with Chinese analysts convinced the bulk commodity is set to enter a bull market while local analysts say this week's surge is only a short-term burst.

The spot price of iron ore surged 7.2%, or USD 4.97, to near USD 74 a tonne during Tuesday's session as Chinese authorities inspected local low-grade steel mills, and surprisingly strong construction figures released last week caused the iron ore price to play catch-up to higher steel prices.

Mr Qiu Yuecheng an analyst at steel trading platform XiBen New Line said that "All of this sends a strong signal to the market the government will try and remove smaller mills and encourage the development of bigger mills, which is good for iron ore.”

He added that "Steel mills are making so much money so they are happy to pay a higher price for high-grade iron ore."

Local Chinese futures traders reacted dramatically to the prospect of tighter steel supply on Tuesday, following Chinese Premier Li Keqiang's reiteration over the weekend that low-quality producers will be shut down.

Mr Glyn Lawcock managing director of resources research at UBS said that "Can prices surge higher from here? Of course they can. But we don't see this as a sustainable move higher in the longer term. It's important to remain cognisant that the futures markets in China are heavily influenced by retail volume, and they respond quite rapidly and strongly in both directions to newsflow."

About 70 per cent of the Dalian market is made up of retail investors and, thanks to the proliferation of smart phones, there is a frenzy of individual investors trading everything from iron ore future to cotton and eggs.

But there is optimism that the Chinese economy is performing better than previously thought. Government spending on infrastructure and widespread property investment, despite a regulatory clampdown, saw China's PMI sub-index construction gauge jump to 62.5 from 61.4 in June.

As such, Goldman Sachs last week lifted its three-month iron ore forecast to USD 70 a tonne from USD 55, and the year-end target by USD 5 to USD 60.

Source : The Sydney Morning Herald

quote:

Gaston Lagaffe schreef op 3 augustus 2017 17:06:

[...]03har vraag : ik heb de indruk dat AM zeer moderne fabrieken heeft (Calvert / Gent) maar ook enkele zeer oude welke amper gemoderniseerd zijn (ik bedoel niet die in de "mottenballen" staan maar meer aan die bij AMSA en in de VS (Indiana / Burns Harbour e.d.). Ze kunnen nooit alleen maar de dure modernere staalsoorten maken want zoveel kunnen ze niet afzetten. Hoe kijk jij tegen dit soort fabrieken aan ? Is dit een kwestie van tijd tot ze sluiten (Tata GB ?)of kan je er nog wat mee ?

quote:

voda schreef op 3 augustus 2017 17:27:

For the believers. :-)

Iron ore jump a short-term treat

The Sydney Morning Herald reported that iron ore experts are divided over the direction of Australia's largest export, with Chinese analysts convinced the bulk commodity is set to enter a bull market while local analysts say this week's surge is only a short-term burst.

The spot price of iron ore surged 7.2%, or USD 4.97, to near USD 74 a tonne during Tuesday's session as Chinese authorities inspected local low-grade steel mills, and surprisingly strong construction figures released last week caused the iron ore price to play catch-up to higher steel prices.

Mr Qiu Yuecheng an analyst at steel trading platform XiBen New Line said that "All of this sends a strong signal to the market the government will try and remove smaller mills and encourage the development of bigger mills, which is good for iron ore.”

He added that "Steel mills are making so much money so they are happy to pay a higher price for high-grade iron ore."

Local Chinese futures traders reacted dramatically to the prospect of tighter steel supply on Tuesday, following Chinese Premier Li Keqiang's reiteration over the weekend that low-quality producers will be shut down.

Mr Glyn Lawcock managing director of resources research at UBS said that "Can prices surge higher from here? Of course they can. But we don't see this as a sustainable move higher in the longer term. It's important to remain cognisant that the futures markets in China are heavily influenced by retail volume, and they respond quite rapidly and strongly in both directions to newsflow."

About 70 per cent of the Dalian market is made up of retail investors and, thanks to the proliferation of smart phones, there is a frenzy of individual investors trading everything from iron ore future to cotton and eggs.

But there is optimism that the Chinese economy is performing better than previously thought. Government spending on infrastructure and widespread property investment, despite a regulatory clampdown, saw China's PMI sub-index construction gauge jump to 62.5 from 61.4 in June.

As such, Goldman Sachs last week lifted its three-month iron ore forecast to USD 70 a tonne from USD 55, and the year-end target by USD 5 to USD 60.

Source : The Sydney Morning Herald