Home
- Belegger.nl: steun en toeverlaat voor beleggers. Bekijk de beurskoersen, de laatste stand van de AEX en lees het nieuws, de columns en de adviezen.
Koersen
- Aandelen
- Indices
- Valutas
- Rentes
- Commodities
- Certificaten
- Opties
- Futures
- Beleggingsfondsen
- Trackers
- Obligaties
- Hefboomproducten
Nieuws
Forum
Analyse & advies
Thema's
- Beurstips en handelskansen
- Fondsen & ETF's

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.

Market Monitor

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 1364 1365 1366 1367 1368 1369 1370 1371 1372 1373 1374 ... 1755 1756 1757 1758 1759 » | Laatste

Omlaag ↓

voda 4 augustus 2021 08:12

MMK Appoints Director Construction for Investment Programs

A new position was introduced into the management structure of the PJSC MMK Group, director for capital construction. Mr Alexander Alekseevich Mukhin was appointed Director of the Directorate for Capital Construction of PJSC MMK. The created directorate is directly subordinate to the Deputy General Director of PJSC MMK for production. Prior to his appointment as Director for Capital Construction of PJSC MMK, MrMukhin held the position of Director of OJSC Magnitogorsk Hardware and Calibration Plant MMK-METIZ. The approved changes are designed to ensure maximum efficiency of management and control during the implementation of the investment program of PJSC MMK, which is unprecedented in scale, aimed at radical technical re-equipment of the sintering and blast-furnace production and subsequent processing of the plant.

Among the largest projects currently being implemented at MMK is a comprehensive reconstruction of the by-product coke plant, which implies the construction of a coke oven battery No 12, reconstruction of a shop for the collection and processing of chemical products, and the construction of a biochemical plant. The capacity of coke oven battery No. 12 will be 2.5 million tons of dry coke per year, the cost of the project is about 67 billion rubles. The first stage of the complex will go into operation in 2022, the launch of the second stage is scheduled for 2023. Thanks to the launch of coke oven battery No 12, five obsolete batteries will be phased out of operation, and the consumption of coal concentrate and natural gas will also decrease. In addition, the modernization of production will reduce gross emissions of pollutants into the atmosphere by 11.35 thousand tons per year.

Another strategically important project of MMK is the construction of a complex of blast furnace No 11, which is to be commissioned in 2024. The working volume of the new blast furnace will be 3.8 thousand cubic meters, the capacity - 3.7 million tons of pig iron per year. It will be built using the best available technology. The construction cost is estimated at 61.3 billion rubles. In the complex of the new blast furnace, a 100 MW steam-blowing power plant with a capacity of 21.6 billion rubles will be built.

Among the major investment projects of PJSC MMK are the construction of a new oxygen unit worth about 20 billion rubles, as well as a number of important environmental facilities, a complex of gas cleaning units for capturing secondary emissions from the converter department of the oxygen-converter shop; gas cleaning unit for electric arc furnace No 1 with a capacity of 2400 thousand cubic meters per hour.

These and other capital construction projects are aimed both at creating the most modern production facilities at the level of the best world technologies, and at dramatically improving the environmental friendliness of production and reducing the carbon footprint within the framework of MMK's declared decarbonization policy.

Source - Strategic Research Institute

voda 4 augustus 2021 08:19

Chinese Tsingshan to Build Steel Plant in Zimbabwe

Local media reported that Chinese steel maker Tsingshan Group Holdings’s subsidiary Dinson Iron and Steel is set to build a steel plant that at an investment of USD 1 billion with annual capacity of 1.2 million tonnes. The proposed project includes development of iron ore mine as well as furnaces or producing ferrochrome. The epicentre of the multi-million-dollar project is around the mountainous Manhize escarpment which forms the border with Mashonaland West and slightly protruding into Chirumhanzu but with its backbone in the Chikomba District, within an area under the traditional jurisdiction of Mambo Nyoka of the Museyamwa lineage.

Recently a site visit was conducted by the company representatives and the local oicials. Already, siting for a dam along Munyati River, urban planning, logistical and other infrastructural development projects are underway

For the local communities, the project is a game-changer as it will bring employment and also give economic pulse to a region that has lost in terms of investment over the years.

Source - Strategic Research Institute

voda 4 augustus 2021 08:20

Severstal Tests New Generation Large Diameter Pipes for Gas Lines

Russian steel maker Severstal has successfully completed full-scale pneumatic testing of a new generation of large diameter pipes of K65 strength class with high deformation capacity, confirming their readiness for use in the construction of gas trunklines. The new type of tubular products was developed as part of the program of scientific and technical cooperation between Severstal and Gazprom for 2019-2022. The final stage of the complex of research and testing of pipe products was organized by Severstal. The tests took place at a special test site of Gazprom in the Chelyabinsk Region with the participation of specialists from Gazprom VNIIGAZ and Gazprom Gaznadzor. Large diameter pipes, manufactured at the Izhora Pipe Plant, used rolled steel produced by the 5000 mill of the company's sheet-rolling shop. Large diameter pipes s were pre welded into a 200-meter whip simulating a real gas pipeline, on which a set of measuring equipment was installed to control pressure, temperature and a number of other parameters. The preparatory work took several months. During the tests, especially for the experimental destruction of the initiator pipe, a training shaped charge was detonated.

For the first time in the history of field testing, a standard mass charge did not cope with the task the first time. The pipe with an artificially applied surface notch with a depth of about 25% of the wall thickness and up to 6 mm wide withstood the action of the charge and the whip was not destroyed, the pressure in the whip remained equal to 15 MPa. It was decided to re-test the string of pipes, installing a new charge in the same position, more than 50% higher than its original mass. At the same time, the residual wall thickness of the initiator pipe after the first blast was already only 16.9 mm. After the second explosion, it was found that the main crack on both sides stopped with looping within the first test pipe at a distance of 4.4 m from the annular joint with the initiator pipe. This is the best result since 2008,

Also, for the first time, one of the two sections of the tested pipes was welded from three pipes, originally manufactured at the factory with a length of 18.3 meters and then cut to a length of 11.8 meters.The obtained result is identical to the result of resistance to the propagation of extended fractures testifies to the stability of the level of mechanical properties and quality sheet metal regardless of length.

The new type of pipe products has a number of advantages over the first generation pipes. The complex of mechanical properties of LDPs of strength class K65 with high deformation capacity allows ensuring the safety and integrity of the pipeline in the event of loads significantly exceeding the design ones. At the same time, the minimum pipe wall temperature during operation is minus 40 degree Celcius and the reduced pipe wall thickness is 27.6 mm.

Source - Strategic Research Institute

voda 4 augustus 2021 08:21

Tianjin Climate Exchange Reports Carbon Allowances Trading in H1

China.org reported that North China's Tianjin Municipality has seen transactions for a total of 8.56 million tonnes of carbon emissions allowances in the first half of 2021, with a turnover of 253 million yuan (USD 39 million). Tianjin Climate Exchange said that the city's total trading volume accounted for 23% of all regional carbon markets in China during the period, remaining in second place across the country.

Last year alone, the city's carbon market handled approximately 29.09 million tonnes of carbon emissions allowances, ranking second in China.

As of July 1, 104 enterprises included in Tianjin's carbon emissions trading pilot program in eight industries electricity and heating, steel, chemicals, petrochemicals, oil and gas exploitation, building materials, papermaking, and aviation have completed the annual implementation of their 2020 carbon emissions trading contracts.

Source - Strategic Research Institute

voda 4 augustus 2021 08:23

Korea Eximbank to Extend Loans to SeAH Steel for UK Investments

Business Korea reported that the Export-Import Bank of Korea announced on July 15 that it will provide KWR 45 billion in loans to SeAH Steel Holdings, which is tapping into the UK offshore wind power generation market and make an equity investment of KWR 10 billion won in SeAH Steel Holdings’ subsidiary in the UK.

In February, SeAH established SeAH Wind in the eastern area of the U.K. to produce monopiles, an offshore wind power substructure. SeAH Wind will break ground for a monopile plant early next year at a site in an offshore wind power cluster located at the mouth of the Humber River in eastern England. The plant will begin operation in 2024 and supply 240,000 tonnes of monopiles annually. SeAH Steel plans to invest KWR 400 billion in the project over the next three years.

Source - Strategic Research Institute

voda 4 augustus 2021 08:23

Iranian Steel Exports Recover in First 3 Months of Year 1400

Local media reported that Iran's major steel producers exported over 2.78 million tonnes of finished and semi-finished steel during the first three months of the current Iranian calendar year March 21-June 2021, which was 128% more than the figure of the same period of time in the past year.

According to Iranian Steel Producers Association, Iran’s export of steel during the previous Iranian calendar year 1399 ended on March 2020 declined by 13.1% YoY to about 9 million tonnes a compared to 10.362 million tonnes in Iranian calendar year 1398. Bloom, billets, slabs, wide sheets, alloy-engineering sections, rebars, sponge iron, and hot briquettes are the major steel products for exporting among Iranian steel companies.

Iran is currently the tenth largest steelmaker in the world and is estimated to climb to seventh place by the Iranian calendar year 1404 in March 2025.

Source - Strategic Research Institute

voda 4 augustus 2021 08:24

US DOC AD Duty Review on Rectangular Tubes

US Department of Commerce has determined that there were no suspended entries of merchandise subject to the antidumping duty order on light-walled rectangular pipe and tube from Turkey during the period May 1, 2019, through April 30, 2020 from any of the companies under review. US DOC said “In these final results of review, we are making no changes to the Preliminary Results. We continue to find, based on information obtained from CBP, that during the POR, there were no suspended US entries of subject merchandise from each of the six companies under review.”

In the Preliminary’ Results Commerce determined that, during the POR, there were no suspended US entries of subject merchandise from the following companies

(1) Cinar Boru Profil Sanayi ve Ticaret AS

(2) Intermetal International Metal LLC

(3) Parker Steel Company Inc

(4) Parker Steel International

(5) Tata Steel Nederland Tubes BV

(6) Van Leeuwen Precisie BV

The merchandise subject to this order is certain welded carbon quality light-walled steel pipe and tube, of rectangular (including square) cross section, having a wall thickness of less than 4 mm. The term carbon-quality steel includes both carbon steel and alloy steel which contains only small amounts of alloying elements. Specifically, the term carbon-quality includes products in which none of the elements listed below exceeds the quantity by weight respectively indicated: 1.80 percent of manganese, or 2.25 percent of silicon, or 1.00 percent of copper, or 0.50 percent of aluminum, or 1.25 percent of chromium, or 0.30 percent of cobalt, or 0.40 percent of lead, or 1.25 percent of nickel, or 0.30 percent of tungsten, or 0.10 percent of molybdenum, or 0.10 percent of niobium, or 0.15 percent vanadium, or 0.15 percent of zirconium. The description of carbon-quality is intended to identify carbon-quality products within the scope. The welded carbon-quality rectangular pipe and tube subject to this order is currently classified under the Harmonized Tariff Schedule of the United States HTSUS subheadings 7306.61.5000 and 7306.61.7060.

Source - Strategic Research Institute

voda 4 augustus 2021 08:32

PSM Land & Core Assets Transfer to Subsidiary Discussed

Business Recorder reported that Pakistan’s Privatisation Commission recently discussed the allocation of 1,229 acres of land to be transferred to the new subsidiary of the Pakistan Steel Mills namely Steel Corp (Pvt) Ltd and bifurcation of key operating assets (and corresponding Fair Market Valuation for proposed transfer of core assets to new subsidiary, as narrated in the Audited Financial Statement of the PSMC for the period ending December 31, 2020 including list of key operating assets.

The decision was taken after the PC Board scrutinised the documents provided by the Ministry of Industries and Production and the PSMC including

Audited accounts up to December 31, 2020 duly approved by the PSMC Board and signed by the CEO and one nominated director

Itemized list of KOA along with corresponding FMV of each listed item to be transferred to the new subsidiary namely, Steel Corp (Pvt) Ltd, duly approved by the PSMC Board, signed and stamped by the CEO of the PSMC and initialled by the valuer and the PSMC auditor.

The PC Board further considered the proposals and after deliberations noted the PSMC Board's decision taken in its meeting held on 13th July2021 on the above issues and directed the Privatisation Commission to proceed further in the matter. The meeting went through the PSM's entire documents prepared on valuation and revaluation.

Source - Strategic Research Institute

voda 4 augustus 2021 08:32

Indian Invested Steel Project in Zimbabwe Fails to Take Off

Zimbabwe Chronicle recently reported that planned USD 18 million steel manufacturing plant in Bulawayo in southwest Zimbabwe through a joint venture agreement between local company Primetone Investment and India’s Kanku International has failed to take off due to funding challenges. Primetone Investment directors Mr Kudzai Mumvuri said the planned project has fallen by the way side. He told “We had some challenges with Indian investors, they failed to raise part of the money that was required and they left. However, by the end of this year because we have found an investor locally, we will be able to bring what is required and then start the project

In February 2019, a delegation from Kanku International in India visited the site of the proposed project in Kelvin Industrial Site and announced their strategic partnership discussion to build the steel manufacturing plant.

Source - Strategic Research Institute

voda 4 augustus 2021 08:33

Mechel Izhstal Reports Strong Recovery in H1 of 2021

Russian Mechel Group’s Izhstal plant sold 182 thousand tonnes of steel products in 6 months of this year, which is 4% more than a year earlier. Shipments of calibrated steel, high-precision steel shaped sections and steel with special surface finishing increased by 14%, hot-rolled steel by 5%, cold-rolled strip by 2%. Smelting of steel grades increased: structural steel with nickel - by 32% and stainless steel with nickel by 28%, tool carbon steel by 40% and tool alloyed by 19%. The largest increase of 50% was shown by the smelting of high-speed steel.

The plant supplies products to enterprises of the automotive industry, machine-building, aviation and rocketry, manufacturers of oil-producing equipment and mining equipment. It delivered 29 thousand tonnes of metal products to the automotive industry and 22 thousand tons to the machine-building enterprises, which is 65% and 12% more than last year, respectively. Izhstal increased shipments to automotive and mechanical engineering enterprises.

Auto and machine builders are the main consumers of the plant's products. The share of these industries in the total volume of shipped products exceeds 43%, and there are many leading industry enterprises among the traditional customers. At the end of the first half of the year, shipments to such large car manufacturers as GAZ Group increased by 68%, UAZ by 30%, MAZ by 183%, MTZ by 29%. Among machine builders, the largest increase in shipment volumes occurred to the Beloretsk plant of springs and springs, NPTs "Springs", Izhevsk experimental mechanical plant, Tikhvin car building plant, Rubtsovsk plant of spare parts.

The plant supplies auto and machine builders with hot-rolled, calibrated and turned rolled products, steel shaped sections of high precision.

Source - Strategic Research Institute

voda 5 augustus 2021 07:15

ArcelorMittal trekt eigen aandelen in

Door ABM Financial News op woensdag 4 augustus 2021
Views: 6.044

(ABM FN-Dow Jones) De raad van bestuur van ArcelorMittal heeft besloten 70 miljoen eigen aandelen in te trekken. Dit meldde de staalreus woensdag nabeurs.

Het bestuur kreeg daartoe een machtiging van de buitengewone algemene aandeelhoudersvergadering op 8 juni 2021. Het concern trekt de aandelen in om het aantal eigen aandelen binnen de juiste niveau's te houden, zei de staalreus.

Op 29 juli kondigde het concern tevens een inkoopprogramma van eigen aandelen aan ter waarde van 2,2 miljard dollar.

Als gevolg van de intrekking daalt het aantal uitstaande aandelen van ruim 1,1 miljard aandelen naar circa 1,0 miljard aandelen.

voda 5 augustus 2021 08:48

Chinese Crude Steel Output Cut & Demand Riddle Deepening

World’s largest steel producer, consumers and exporter China is actively contemplating adding more curbs to halt environmental pollution, which most likely will reduce its crude steel output, increase import of semi-finished steel and dampen exports of finished steel in the remaining period of 2021. China Iron & Steel Association said on its Wechat channel on Sunday that “There will be more notable reductions in crude steel output along with government-led environmental checks, the, outlining the prospects for the steel market in the second half. Daily crude-steel output at major mills fell 5.6% in the first ten days of July from June, with most of the cuts taking place at plants in Shanxi, Hubei and Hebei provinces and mills including China Baowu Steel Group and HBIS Group. Steel exports may drop after the country imposed higher tariffs on overseas shipment. Domestic demand for steel will also slow in the second half after industries front loaded consumption.”

Chinese government’s attempts to cap steel output at below last year’s record 1,065 million tonnes have had limited success so far. In the first half of 2021, Chinese steel mills have churned out 12% more crude steel at 564 million tonnes and to achieve impossible goal of capping crude steel output in 2021, Chinese steel mills will have to reduce crude steel production in July-December 2021 to about 500 million tonnes, ie reduction of almost 10 million tonnes a month

Average monthly crude steel production

January-June 2021 - 94 million tonnes

July-December 2021 – 84 million tonnes

On the other hand, Chinese domestic steel demand remains unabated as the impact of Chinese stimuli to recoup economy post COVID continues and 10 million tonne shortage per month in crude steel production will surly upset the cart.

One possible scenario to feed domestic steel demand is reducing steel export volumes, which surged by 30% YoY in January-June 2021 to 37.4 million tonnes, ie monthly average of 6 million tonnes. Chinese government has already removed VAT rebates on exports on all major steel products. It is now contemplating imposition of 15-25% export tax on key steel products, which, if implemented, will result in upswing in global export prices.

To reduce the gap, Chinese steel mills have already stepped up import of semi-finished steel, billets & slabs, to run their hot band production lines, which resulted in surge in billet prices to USD 725 CFR China last month, only to ease this month slightly on bearish sentiments in steel futures & correction in spot prices. However, if Chinese steel mills are forced to cut crude steel production in H2 of 2021, likelihood of their importing substantial volumes of semis is quite high, which in turn will support billet export prices

However, as these are possible scenarios, we need to wait for actual developments in coming months to solve this riddle of Iron Fist vis a vis Market Realities.

Source - Strategic Research Institute

voda 5 augustus 2021 08:56

Nippon Steel Hikes Profit Forecast on Higher Steel Prices

Japanese steelmaker Nippon Steel Corporation has recorded net profit of JPY 172.31 billion during the April-June quarter. This compares with net loss of JPY 41.42 billion in the corresponding quarter a year before. The net sales surged higher by almost one-third to total JPY 1.50 trillion. The company produced 10.18 million tonnes of crude steel during the first quarter, significantly higher by 41.4% YoY. The shipments of steel products surged higher by more than 29% to 9.20 million tonnes.

Nippon Steel expects its crude steel production to total around 20.50 million tonnes in the initial half of the year and 19.50 million tonnes during the second half of the year.

Nippon Steel Corporation has reported revision in its consolidated and non-consolidated financial forecasts for the first half and the full fiscal year ending March 31, 2022, which were released at the time of the announcement of results for fiscal 2020 on May 7, 2021. It said “The Company is projecting a consolidated business profit of600.0 billion yen and non-consolidated ordinary profit of 380.0 billion yen in contrast with the previous consolidated and non-consolidated forecasts, due to the improvement of steel prices and the uptrend in Group companies' earnings in the fiscal year ending March 31, 2022.”

Source - Strategic Research Institute

voda 5 augustus 2021 08:56

Investors Seek Urgent Action by Steel Makers for Green Steel

Reuters reported that investors managing USD 55 trillion in assets said steelmakers need to take urgent action on producing less carbon in order to meet the Paris Agreement on climate change. Climate Action 100+’s part initiative Institutional Investors Group on Climate Change said “Emissions from steel production account for 9% of the global total and must fall 29% by 2030 and 91% by 2050 to meet the net zero scenario laid out by the International Energy Agency in May. While it is technically feasible to reach net zero greenhouse gas emissions by mid-century, the steel industry is being too slow to act. Steel firms needed to set short, mid and long-term targets in line with the IEA report, and align their capital expenditure plans with net zero, including not investing in new, unabated production capacity.”

They also need to demonstrate that emerging technology can work and produce reports by the end of 2022 on how carbon capture and storage, and hydrogen-based processes can be used. In addition, they needed to be transparent about the public policy positions they will take to accelerate their transition, for example on carbon pricing and research and development.

While nine companies responsible for around 20% of global steel production have so far set firm net zero emissions commitments, they are mainly in Europe and Asia, and are largely in line with national net zero pledges and existing regulation.

Source - Strategic Research Institute

voda 5 augustus 2021 09:11

Anglo American to Support Green Steel Initiative of Salzgitter

Salzgitter AG subsidiary Salzgitter Flachstahl GmbH has signed a memorandum of understanding with Anglo American to jointly investigate an optimal iron ore supply for the direct reduction process. Anglo American is one of the world's leading mining companies. The main goal of the joint research work is to minimize the CO2 footprint of steel production. This also includes the consideration of process and logistics chains that are as low in CO2 as possible. Salzgitter Flachstahl GmbH CEO Mr Ulrich Grethe said "With this project we are pushing further important milestones towards a CO2 low carbon steel production ahead. With our SALCOS ® technology concept, we want to implement the most energy-efficient and fastest way to decarbonise steel production. We are pleased to have Anglo American, one of our long-standing, large suppliers of high-quality ores, as a partner for joint considerations and possible projects. "

SALCOS stands for "SAlzgitter Low CO2 Steelmaking" and is the transformation concept for almost CO2 free iron and steel production. The carbon-based blast furnace route at Salzgitter Flachstahl will gradually be replaced by direct reduction plants from the middle of this decade until 2045 at the latest, which will initially produce with natural gas and then flexibly with a steadily increasing proportion of hydrogen. The hydrogen generation and the electric arc furnaces required for the new process route are to be operated exclusively with electricity from renewable sources. In this way, CO2 emissions from steel production can be reduced by 95 percent by 2045.

The new, low CO2 production systems and production processes place special demands on the properties of the raw materials, their treatment processes and logistics.

Source - Strategic Research Institute

voda 5 augustus 2021 09:11

Cleveland-Cliffs to Repair of Indiana Harbor East BF7 in September

US steel giant Cleveland-Cliffs plans to idle No 7 Blast Furnace at Indiana Harbor East in East Chicago for a planned maintenance outage between September 1 and October 15. The outage includes repair to two BOF converters in the steel shop and a partial reline in several upgrades to the blast furnace. The blast furnace will be modernized to burn materials other than just the feedstock of iron ore, which should reduce its carbon footprint. Some of these upgrades are related to our ongoing work toward decarbonization, such as further enhancements to ability to use massive amounts of both hot-briquetted iron stock and natural gas as supplemental reduction at Indiana Harbor No 7 blast furnace.

Indiana Harbor Blast Furnace No 7 is the largest blast furnace in North America. It was built 41 years ago and can make up to 11,500 tons of hot metal a day. It was last relined in 2014, when then-owner ArcelorMittal invested USD 70 million in it.

The outage will take a financial toll on Cleveland-Cliffs by reducing production volume in the third quarter. But Cleveland-Cliffs has been stockpiling slab inventory to minimize the impact, so it can continue to supply customers during the disruption to production.

Source - Strategic Research Institute

voda 5 augustus 2021 09:24

RINL Reports Record Production in July 2021

Rashtriya Ispat Nigam Limited has set another record in July. RINL Tweeted “Stellar performance by RINL Vizag Steel in the month July'21 & till July in FY'22. 266,127 tonnes of liquid steel & 258,124 tonnes of crude steel produced during the month of July-2021.”

RINL sold 1,538,000 tonnes of steel between April and July 2021, up by 48% YoY. The steel plant achieved an outstanding growth of 77% in April-July 2021 in domestic steel sales volume of 1,122 thousand tonnes, as against 634 thousand tonnes of the same period last year. The monthly export sales turnover clocked the best ever figure of INR 827 crore in July 2021, as against the previous best of INR 636 crore in September 2020.

There is an impressive growth of 121% in April-July total sales turnover of INR 7958 crore, as against INR 3607 crore of the same period last year. There is a significant growth of 110% in July of the turnover of INR 2,735 crore against INR 1,301 crore last year.

While, RINL continues to create new records in steel production & sales, Mr Narendra Modi government is hell bent on privatising the four decades old steel plant, caring a damn for the strong opposition from the government, opposition and people of Andhra Pradesh. The RINL statement on Twitter evoked congratulatory messages and criticism against the central government. People tweeted “Kudos to the fraternity of RINL. Our actions speak louder than words. We were and we are the best steel makers in the country. Only thing we lack is captive mines; else, we would emerge as No 1 in this country. Vizag steel is pride of India, Will it be an eye opener for the Centre.”

Source - Strategic Research Institute

voda 5 augustus 2021 09:25

EC Extends AD Duty against Russian & Chinese Steel Imports

TASS reported that the European Commission has technically extended antidumping duties against Russian and Chinese steel due to expire on 5 August 2021. A source in EC told TASS "Antidumping duties in respect of Russia and China will remain effective until the procedure for reassessment of these measures is completed. Such procedure can last for 15 months. The effect of duties is technically extended until its completion. The task of this procedure is to find out whether pricing for steel products from Russia and China changed and whether it violates EU competition standards or not.”

Duties can remain effective for five more years, cancelled or recalculated in conclusion of the probe. In case of their extension the term for duties will start from August 5, 2021. In case of their cancellation the European Commission is to compensate money collected for the period from August 5, 2021 to steel exporters from Russia and China.

In spring 2021, Eurofer, the European association of steelmakers, filed a request to EC for extension of EU antidumping duties against Russia and China.

Antidumping duties for various kinds of steel products from Russia and China range 13% to 36%.

Source - Strategic Research Institute

voda 5 augustus 2021 10:12

ArcelorMittal Tubular Products Jubail closes acquisition of JESCO

ArcelorMittal announced that its Saudi Arabian joint venture with the Public Investment Fund ArcelorMittal Tubular Products Jubail has completed the acquisition of Jubail Energy Services Company from TAQA Industrialization and Energy Services Company. ArcelorMittal Tubular Products Jubail incoming CEO Gabriel Monti said “Combining AMPTJ with JESCO creates a new regional champion capable of delivering first-class products and services to our expanded customer base. We fully intend to capture the synergies resulting from this transaction which will further strengthen our competitiveness. I would like to thank all employees from both companies for the patience and commitment they have shown throughout the transaction process. Their professionalism has been exemplary, and I am confident they will feel tangible benefits from this transaction. I’d also like to thank the Ministry of Investment of Saudi Arabia for the enabling role it played in facilitating this transaction.”

AMTPJ and JESCO will continue to remain independent of one another, although opportunities to reduce costs through shared services (such as IT and Finance) will be explored in the coming weeks and months.

The transaction brings multiple benefits for all stakeholders in the Kingdom of Saudi Arabia, including ArcelorMittal Tubular Products Jubail customers such as Saudi Aramco, as well as both shareholders. These include:

Economies of scale through the creation of the largest producer of seamless pipes in the Middle East

Combined annual capacity of 1 million tonnes and a highly diversified quality product offering

The opportunity to derive synergies and improve cost competitiveness across multiple areas including raw material procurement, sales and marketing logistics, inventory optimisation and asset utilisation.

Strengthened financial position and shareholder base in partnership with PIF

ArcelorMittal’s shareholding in ArcelorMittal Tubular Products Jubail, which will operate under the joint management control of ArcelorMittal and PIF, will reduce to approximately one-third from 41% with PIF’s shareholding correspondingly increasing to approximately two-thirds.

Source - Strategic Research Institute

voda 5 augustus 2021 10:13

Visakha Ukku Committee Claims Huge Response to Protests at Delhi

Express News Service reported that enthusiasm of Visakha Ukku Parirakshana Porata Committee, which has been spearheading agitation against privatisation of Rashtriya Ispat Nigam Limited, was on a high as its two day maha dharna in Delhi on Monday and Tuesday and has evoked overwhelming response from state and national leaders of various parties, including CPM, CPI, LJD, YSRC, TDP, Congress and left party affiliated wings. After protest at Jantar Mantar on Monday, maha dharna was held on the second day on Tuesday on the premises of Andhra Bhavan and slogans of ‘Save Vizag steel’ and ‘Visakha ukku Adhrula Hakku, rented the air. Steel workers raised slogans against the Centre. Porata committee leaders demanded withdrawal of its privatisation plan.

Various parties, including CPM, CPI, LJD, YSRC, TDP, Congress and left party affiliated wings extended support to VSP agitation. CPM general secretary Mr Yechuri Sitaram and CPI state president Mr K Ramakrishna attended the dharna. YSRC MPs led by their parliamentary party leader Mr V Vijayasai Reddy participated in the dharna. TDP MPs Mr Kesineni Nani and Kinjarapu Rammohan Naidu and party leaders also attended the dharna.

But, Indian government has reiterated its stand to privatise it. Minister of State for Finance Mr Bhagwat Kishanrao Karad, in a written reply to YSRC MP Mr V Vijayasai Reddy’s query in the Rajya Sabha, said “The decision for 100% disinvestment of Government of India’s stake in RINL along with RINL’s stake in its subsidiaries/ joint ventures was taken by the Cabinet Committee on Economic Affairs on January 27, 2021.”

The government also reiterated that Public Sector Enterprises in nonstrategic sector would be considered for privatisation if feasible, otherwise for closure.

Source - Strategic Research Institute

35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 1364 1365 1366 1367 1368 1369 1370 1371 1372 1373 1374 ... 1755 1756 1757 1758 1759 » | Laatste

Aantal posts per pagina: 20 50 100 | Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met uw e-mailadres en wachtwoord.

Direct naar Forum

Detail

Vertraagd	19 apr 2024 15:33
Koers	23,820
Verschil	+0,020 (+0,08%)
Hoog	23,840
Laag	23,440
Volume	1.099.216
Volume gemiddeld	2.411.545
Volume gisteren	2.676.573

ArcelorMittal nieuws

16 apr	Deutsche Bank haalt ArcelorMittal van...
12 apr	Video: cyclische aandelen bieden kansen
09 apr	World Steel Organisation ziet vraag n...
22 mrt	Mondiale staalproductie in de lift
12 mrt	ArcelorMittal neemt groot belang in V...
05 mrt	Beursblik: experts vinden koerswinst ...
23 feb	Mondiale staalproductie daalt opnieuw
08 feb	ING: ArcelorMittal doet het beter dan...
08 feb	Fors verlies voor ArcelorMittal
06 feb	Beursblik: winstgevendheid ArcelorMit...

Meer ››