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voda
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Chinese steel firms should go abroad - Ministry

China will encourage Chinese steel enterprises suffering from overcapacity to transfer their businesses to overseas markets where the steel market is still very big, a top official was quoted in a statement published on the website of the Ministry of Land and Resources Tuesday.

Mr Miao Changxing, deputy director of the industrial policy division of the Ministry of Industry and Information Technology said that "The global steel industry is developing unevenly with some regions like Southeast Asia and Africa still having a big space to develop, and some nations such as China confronting overcapacity.”

Mr Miao suggested that the Chinese enterprises push forward development of the steel industry in Central Asia, Southeast Asia and Africa through ways such as supporting these regions' infrastructure construction, setting up joint venture enterprises and distribution centers overseas.

Mr Wang Guoqing a senior analyst with Beijing Lange Steel Information Research Center, told the Global Times Tuesday said that "For the Chinese steel companies, there will be big business opportunities in emerging markets such as some countries in Southeast Asia.”

Leading Chinese steel enterprises have already entered into foreign markets. Baosteel Howa Trading Co under Baosteel Co, China's leading iron and steel complex, and South Korean GNS Co signed a foreign investment introduction memorandum in April 2012, to invest and build a new steel processing and distribution center in South Korea's Gyeonggi Province.

Wuhan Iron and Steel Co, China's largest flat-rolled alloy steel producer, announced in April this year that it will set up a joint venture with an India-based energy company, and also invest in an India-based silicon steel processing and delivery center, according to a Reuters report.

Mr Sun Jin director of the publicity office at Wuhan Iron and Steel told the Global Times Tuesday that "Expanding our businesses overseas has become one of the development strategies for our company.”

To meet the environmental protection standards set up by the foreign countries, only Chinese companies with high technological capabilities and strong capital strength could enter into the foreign markets, said Wang of Lange Steel.

Mr Wang noted that meanwhile those domestic companies with backward technological levels will be shut down or consolidated according to the central government's measures of combating steel overcapacity.

Miao from the MIIT also said that the Chinese government will raise the standards for pollutant emission and energy consumption for the steel industry, and severely punish those companies which violate the environmental protection law, so as to eliminate the backward production capacity.

Source - www.ecns.cn
voda
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TATA Steel to commission 1st phase of Odisha plant by Mar 2015

Business Standard reported that Tata Steel is likely to commission the first phase of its 6 million tonne plant in Odisha by March 2015.

Mr T V Narendran MD of TATA Steel India & SEA said in a statement that "We have completed the 3 million tonne expansion in Jamshedpur, taking our capacity in Jamshedpur to 10 million tonne and should commission the first phase of our 6 million tonne steel plant in Kalinganagar in Odisha towards the end of the next financial year."

The work on the first phase of the project, entailing an investment of the INR 25,164 crore is in full swing. As per information, the plant is the largest ongoing single location investment with the first integrated greenfield project for the company outside Jamshedpur.

The 6 million tonne project is divided into two units of 3 million tonne each and will produce flat steel products for the automobile industry.

Source – Business Standard

voda
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Rio Tinto still sees China as key driver or iron ore

Anglo-Australian mining giant Rio Tinto still regarded China as the key driver of iron ore demand due to its continued growth and ongoing urbanization process.

Mr Sam Walsh chief executive of the company, at a British Chamber of Commerce luncheon in the country's western city of Perth said that "The growth in China is still there" and its economy could be stronger than Rio Tinto's previous expect of 7.5%.”

However, he also noted his company has focused gaze on some other developing countries like India and Brazil as well as the Middle East, saying all those places are potential customers of Rio Tinto and the mining giant is ready to benefit from those markets.

He quoted by the Australian Associated Press as saying that "They are going to go through the same urbanization and industrialization process and they're going to need the types of commodities that we in the mining industry supply for that growth.”

In his fourth visit to China last month, Mr Walsh said Rio Tinto would continue to expand its iron ore capacity in Western Australia to meet the growing demand from China, its most important market.

Source – Xinhua
voda
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Steel production in China to be pared over next five years

The State Council, China's cabinet, plans to cut 80 million metric tonnes of steel production capacity in five years, which is aimed at improving air quality and helping an industry hit hard by destructive competition.

Mr Li Xinchuang head of the China Metallurgical Industry Planning and Research Institute said that "China should not add any single new steel project for any reason.”

He called the ban a must in order to help the environment and put an end to the unfair competition caused by steel mills that haven't installed emission-reduction equipment.

To achieve the target, Hebei province, the largest steel producer in China, will cut steel capacity by 60 million tonnes by 2017, which means that one-third of the province's steel capacity will be shut down by then.

The local government said on Tuesday that its goal is to reduce 15 million tonnes of crude steel capacity in 2014.

Ms Lu Huaying, an analyst with Lange Steel Information Research Center said that "Hebei will destroy blast furnaces and cut the power supply to production lines that are tapped for shutdown, which means the steel companies cannot put them back in production again.”

She said the central government has been encouraging companies to save energy and cut emissions for years, but the temporary measures resulted in failure when steel mills started to produce again after authorities' checks.

Source – ecns
voda
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4000 Scunthorpe steelworkers congratulated by Tata Steel

Scunthorpe Telegraph reported that the head of TATA Steel Europe has congratulated Scunthorpe's 4,000 steelmen and women on making good progress in 2013.

In a new year message, Mr Karl Kohler the chief executive officer and managing director said that "What I see is a period of tremendous progress across TATA Steel. We produce much more steel, more reliably, more safely and more efficiently than a year ago. We now stand on much stronger foundations, on the brink of truly reliable operations. I am very proud and grateful for the passion, effort, determination every employee has shown during this period. "It could not have happened without you. Thank you.”

He added that "By no means was it easy. I know tough conditions continued throughout 2013 and we had to make tough, painful decisions. And although there was huge success on some areas, we failed to meet our plans in others. The world is unlikely to change overnight in 2014. We need to maintain focus and deliver yet another step change. That will not be easy either, but I am confident we are up for the challenge. While we are taking time or working during the upcoming holiday season, please make sure you stay safe and healthy.”

He further added that "Let us recharge batteries and get ready to deliver an even better year in 2014. Together we make the difference."

Source - Scunthorpe Telegraph
voda
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New road safety measures at Tata Steel plant in Scunthorpe following near misses

Scunthorpe Telegraph a new cycle lane is to be created on the TATA Steel works in Scunthorpe, following a number of near misses between cyclists and motorists.

The new lane will stretch from Winn’s Corridor to Dawes Lane, close to the Redbourn road rail hub.

Work has already been carried out to make the 2,000-acre site safer for both cyclists and pedestrians.

Improvements have been made to pedestrian and cycle lanes at the site’s two main entrances where automatic number plate recognition barriers operate.

Cyclists expressed concerns that since the barriers were installed they were too close to traffic.

Kerbs were dropped where cycle paths crossed roads.

Footpaths have been widened at both gates in a bid to separate pedestrians and cyclists from the traffic.

Work has also been carried out to make the paths as straight as possible to make it easier for cyclists to stick to them.

Works maintenance engineer Mr Steve Unwin said that “Further improvements to the road layouts around the gates are being planned.”

Company bosses have also directed contractors to grit cycle and pedestrian lanes on the site during icy conditions.

Source - www.scunthorpetelegraph.co.uk
voda
0
Quebec port sets bulk iron ore cargo record

The Port of Sept-Iles on December 15 set a North American maritime record for loading the largest amount of bulk cargo onto a ship.

The Quebec port loaded 302,264 metric tons of iron ore cargo, shattering its previous record of 255,653 metric tons set on October 16th 1993.

It will take the ship about 57 days to reach its destination in China and deliver its cargo to Wuhan Iron and Steel Co.

Mr Pierre Gagnon, the port's president and chief executive officer said that "This new milestone puts the port at a turning point in its history. Chinamax bulk carriers are the way of the future for large iron-ore producers because of their operational efficiency and load capacity."

The port serves the Quebec and Labrador mining industry, and receives rail service from the Quebec, North Shore and Labrador Railway, which is owned by the Iron Ore Co of Canada.

Source - www.progressiverailroading.com

(www. www.logisticguru.in)
voda
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Vale SA declares force majeure on iron ore shipments

Vale informs that it is declaring force majeure on a number of its iron ore sales contracts as a result of the weather conditions in the Southeast of Brazil.

Heavy rainfalls since December in the Southeast of Brazil, especially in the state of Espírito Santo where floods and landslides occurred, affected the iron ore transportation capacity through the EFVM railway and the operations at the Tubarão port.

As a result, some parts the Southeastern System were partially or completely shut down, and the current estimated impact on iron ore shipments is in the range of 3 to 4 million tons in 2013, of which up to 2 million tons can be potentially recovered in the first quarter of 2014.

Vale is working to safely resume its operations in the following days and to minimize the impacts of the rains. Further information will be disclosed related to the FM until the situation has been normalized.

Source – Strategic Research Institute
voda
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EU launches probe into Germany's energy subsidy system

An energy subsidy system which benefits more than 2,000 key players in Germany's heavy industry sector including BASF and ThyssenKrupp AG is being investigated by the European Union.

EU regulators said they were looking into the German law's exemptions scheme, the so-called EEG-Act, in which companies are granted waiver for a surcharge to fund the country's shift from fossil fuel to clean energy which is instead paid for by consumers.

The surcharge exemption dubbed the "green electricity privilege" is granted when a supplier sources half its electricity portfolio from domestic renewable sources.

If the European Commission considers it necessary, companies could be forced to pay back billions of euros.

However this week German Chancellor Angela Merkel vowed to block any law changes that could endanger jobs in the country.

The exemption forms part of Germany's 2000 Energiewende programme, but regulators are looking into its 2012 amendments.

Source - www.prw.com
voda
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Cyclone brewing off Australia heads for iron ore ports

Reuters reported that a cyclone brewing off of western Australia could disrupt shipments from three of the world's largest iron ore ports by early next week.

Data from the Australian Bureau of Meteorology issued on Friday showed that a tropical low in the Indian Ocean was on a southwesterly trajectory and forecast to reach Category 3 strength meaning wind gusts up to 224 kilometers per hour as it approaches Port Hedland early on Monday.

A spokeswoman for Port Hedland, which handles about a fifth of the global seaborne market, said the course of the storm was being monitored at this stage. Emergency authorities were warning residents living in the sparsely-populated forecast path of the cyclone to remain alert.

Last February, Cyclone Rusty, packing winds up to 200 km per hour, closed Cape Lambert and Dampier ports used by Rio Tinto , as well as Port Hedland used by BHP Billiton and Fortescue Metals.

The three ports handle more than 500 million tonnes of iron ore annually, accounting for almost all of Australia's exports.

A Rio Tinto spokesman said that "Operations are continuing and we are closely monitoring the situation.”

Iron ore exports from Port Hedland were 28.1 million tonnes in November, just off October's all-time peak of 29.0 million and 29 percent higher than in November last year.

Source – Reuters
voda
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Experts warns on fake steel bars in Manila

Experts on disaster management have already warned that if Metro Manila is hit by a major earthquake with a 7.2 magnitude on the Richter scale, similar to what devastated Bohol and Cebu, it would cause unprecedented and unimaginable havoc.

The head of the Emergency Service branch of the UN’s Office for the Coordination of Humanitarian Affairs Arjun Kartoch estimates that such an earthquake would destroy 16,000 buildings and injure or kill at least 150,000 people.

Some studies predict even greater devastation. There are studies that say up to 35,000 residents of Metro Manila would die and up to three million others would need to be evacuated. In addition, some 175,000 buildings would be damaged. The pressure from collapsed buildings and the inability to rescue those who would be trapped inside would cause most of the deaths.

While science does not have the capability to stop earthquakes, there are ways to reduce the damage to properties and human lives. For example, the building code and the regulation of the use of substandard or fake construction materials must be strictly implemented.

The earthquake that struck Cebu last October destroyed or damaged more than 50,000 homes and buildings.

According to reports, engineers inspecting damaged structures recovered substandard building materials. The most usual cause for the structures collapsing is the use of inferior reinforcement steel bars. Many of the reinforcement bars recovered from the debris of concrete houses in the quake zone weighed at least 11% less than the required product specification. It is likely that many of these inferior steel products were fabricated from wire rods instead of billets, causing them to have less tensile strength.

The building code specifies that structures should be able to survive intensity 9 quakes. The quake that hit Bohol was measured at Intensity 7.2. Had the building code been scrupulously observed, most of the damaged structures whould have been able to withstand the tremor.

The building code bans the use of reinforcement bars from wire rods since such material has significantly less tensile strength than bars made from steel billets.

The proliferation of substandard and fake building materials has been a long-standing controversy particularly in Bohol and Cebu where rampant smuggling of steel products has been virtually uncontrolled.

Source – Manila Standard Today
voda
1
TATA steel discusses plans for power plant at Margam with stakeholders ahead of public consultation

TATA Steel has been discussing its plans for a new power plant at Margam with community groups, emergency services and other interested parties. The company held a workshop as part of its consultation with the community, which must be submitted with plans to Neath Port Talbot Council, the Planning Inspectorate and Natural Resources Wales.

It hopes to build the power plant on site.

A Tata Steel spokesman said that "The high cost of energy in the UK is an issue but at the same time, we have a unique opportunity in the potential source of energy we have in the form of process gas which is generated as a by-product of some of our operations.

The spokesman added that "Already we generate a large amount of energy by recycling process gases. Should this go ahead it will run entirely on process gas which is generated as a by-product of operations in the works by the coke ovens, the blast furnaces and the steel plant. It would make us almost self-sufficient in energy that’s a big step forward for sustainability.”

More than 60 stakeholders, who represented statutory consultees, elected representatives, community groups and the emergency services, attended the event at the site to learn about the plans.

Source - www.southwales-eveningpost.co.uk
ttroo
0
Voda andere nieuwsberichten posters hier: BEDANKT VOOR AL JULLIE BIJDRAGES IN 2013! Op weg naar een gelukkig en gezond 2014.
Meryntje
0
quote:

voda schreef op 29 december 2013 15:04:

Experts warns on fake steel bars in Manila

Experts on disaster management have already warned that if Metro Manila is hit by a major earthquake with a 7.2 magnitude on the Richter scale, similar to what devastated Bohol and Cebu, it would cause unprecedented and unimaginable havoc.

The head of the Emergency Service branch of the UN’s Office for the Coordination of Humanitarian Affairs Arjun Kartoch estimates that such an earthquake would destroy 16,000 buildings and injure or kill at least 150,000 people.

Some studies predict even greater devastation. There are studies that say up to 35,000 residents of Metro Manila would die and up to three million others would need to be evacuated. In addition, some 175,000 buildings would be damaged. The pressure from collapsed buildings and the inability to rescue those who would be trapped inside would cause most of the deaths.

While science does not have the capability to stop earthquakes, there are ways to reduce the damage to properties and human lives. For example, the building code and the regulation of the use of substandard or fake construction materials must be strictly implemented.

The earthquake that struck Cebu last October destroyed or damaged more than 50,000 homes and buildings.

According to reports, engineers inspecting damaged structures recovered substandard building materials. The most usual cause for the structures collapsing is the use of inferior reinforcement steel bars. Many of the reinforcement bars recovered from the debris of concrete houses in the quake zone weighed at least 11% less than the required product specification. It is likely that many of these inferior steel products were fabricated from wire rods instead of billets, causing them to have less tensile strength.

The building code specifies that structures should be able to survive intensity 9 quakes. The quake that hit Bohol was measured at Intensity 7.2. Had the building code been scrupulously observed, most of the damaged structures whould have been able to withstand the tremor.

The building code bans the use of reinforcement bars from wire rods since such material has significantly less tensile strength than bars made from steel billets.

The proliferation of substandard and fake building materials has been a long-standing controversy particularly in Bohol and Cebu where rampant smuggling of steel products has been virtually uncontrolled.

Source – Manila Standard Today

Dank voor al je bijdragen Voda.

Bij deze een AB voor je hele ouvre.

Groet uit Grunn
voda
0
En weer zo'n analist die Arcelor ziet zitten in 2014!

Kooplijst 2014: Royce Tostrams

MAANDAG 30 DECEMBER 2013, 08:29 uur | 4650 keer gelezen

De laatste van weken van het jaar zijn ingegaan en dus is het weer tijd voor de kooplijsten voor 2014. Belegger.nl vroeg aan beleggingsexperts wat dé aandelen van 2014 zijn. Vandaag de beurt aan Royce Tostrams, technisch analist bij Tostrams Groep.


Royce Tostrams kiest het komende jaar voor Aegon, ArcelorMittal en Deutsche Telekom.

ArcelorMittal

‘ArcelorMittal heeft een bodempatroon opwaarts afgerond. Eerder al werd de dalende trend doorbroken, nu is er ook een hogere bodem gevormd. De vraag naar staal en dus ArcelorMittal neemt toe. Met de slotstand boven de laatste koerspieken komt er in eerste instantie ruimte vrij richting de weerstand van 13,76 euro. Dat is de top van 25 januari. Daar zit nog ruim 15 procent. In tweede instantie zien we ruimte tot de top van begin 2012, die ligt rond de 18,00 euro.’

(ingekort)

www.belegger.nl/nieuws/2643875/koopli...
voda
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Demand slowdown overcapacity loom large on Indian steel player profitability

The Hindu reported that as end user demand for steel in India continues to fall, CRISIL Research estimates domestic steel demand to grow at a subdued rate of 2 to 4% in 2013 to 14.

Due to execution delays owing to environment clearances, many construction and infrastructure projects have not taken off as expected.

Slowing economic growth has also put the brakes on consumption-driven sectors such as automobiles and consumer durables.

While near-term demand is expected to remain muted, long-term prospects are forecast to be steady.

CRISIL Research expects steel demand in India to pick up from 2014-15 with an expected pick-up in demand in key end user sectors such as construction, infrastructure and automobiles.

However, growth in demand will be lower compared with the robust growth rate of the last decade.

CRISIL Research estimates domestic steel demand growth at 6 to 7% CAGR between 2013 to 14 and 2017 to 18 compared with around 9% CAGR over the last decade.

This rate of increase will see steel demand in India touching 93 to 94 million tonnes by 2017 to 18.

Since incremental demand for finished steel is expected to be considerably lower the demand-supply gap will widen, when majority of the planned capacities are scheduled to be commissioned.

The widening gap will encourage, even compel, steel manufacturers to increase exports to arrest the expected fall in operating rates.

However, the demand-supply equation globally too is not favouring domestic steel manufacturers.

A shift in China’s focus from investment to consumption, accentuated by weak economic conditions in mature developed countries will force a deep structural slowdown in global steel demand over the next 5 years.

Source - www.thehindu.com
voda
0
Hebei province faces huge cuts in steel capacity to reduce pollution

China Daily reported that small capacity blast furnaces are dismantled at the Chengde Steel Group Co Ltd in Hebei province. Hebei, the nation's largest steel base, has announced plans to eliminate 67.26 million metric tons of production facilities by 2017.

China's largest steel base, Hebei province, will cut 67.26 million metric tonnes of capacity by 2017 without putting too much emphasis on local growth in gross domestic product in order to create a sustainable development of the industry and improve air quality.

Mr Zhou Benshun secretary of the Communist Party of China Hebei Provincial Committee said that "We should not pursue economic growth under the current industrial structure because of its high energy use and environmental cost.”

He added that "It's time to make changes.”

Heavy industries such as iron and steel, cement and glass production have been pillars of Hebei's economy for years. However, the heavy pollution, especially lingering smog, means the province will face huge costs to improve the environment.

According to a plan released by the Hebei Development and Reform Commission, the province will close 21.5 million metric tons of steel capacity annually by 2017.

Source – China Daily
voda
0
China average daily steel output up slightly in mid Dec

China Iron & Steel Association data showed that China's average daily crude steel output rose slightly over December 11-20 after falling for the previous three 10 day periods.

Data showed that daily production inched up 0.06 percent to 2.014 million tonnes.

CISA estimated the country's total production based on its members, including more than 80 large steel mills that account for about 80 percent of China's total steel output.

CISA members produced 1.692 million tonnes of crude steel on an average daily basis during the same period, slipping 0.18% from the preceding period and falling for the fourth straight periods.

Source – Reuters
voda
0
Nigeria set to revitalise steel sector

The federal government is poised to resolve the major issues stalling the operationalisation of the Ajaokuta Steel Company Limited and the Nigerian Iron Ore Mining Company (NIOMCO), Itakpe, Kogi state.

Government, in an announcement, is also set to open up the steel sector for the projected production of three million metric tonnes of steel per annum by 2015.

Minister of Mines and Steel Development, Mr. Musa Sada, announced these at a media round-table for the review of the mines and steel development roadmap implementation in Abuja.

Steel production is the fulcrum for a country’s industrialisation process, stalled in Nigeria by the comatose state of the two steel plants, ASCL and Delta Steel Complex, Aladja, and NIOMCO.

Source - www.thisdaylive.com
voda
0
Japan steel export in November slightly up

The Ministry of Finance of Japan released on 18th import and export of steel products (preliminary) in November, 2013. According to this, Japan's export quantity of steel products was 3,360 thousand tons (abbreviated as t/t), slightly up 1.5% from the previous month and down 4.5% from the same month last year. Its export amount in the yen was 301.8 billion, up 15.4% from the same month last year contributed by the weak yen. While, steel import in November was 756 t/t, up 6.7% from the previous month for two months in a row which recorded the level of 700 t/t and also up 23.1% from the same month last year.

By destination of steel export in November, export to Asia was 2,629 t/t, down 6.6% from the same month last year. Of these, that to China was 513 t/t, down 4.3% ditto, that to the Asian NIEs was 1,088 t/t, up 6.2% ditto, and that to the ASEAN was 953 t/t, down 17.6% ditto.

For the remote regions/countries, that to Middle East was 152 t/t, down 3.1% ditto, that to Russia was 4 t/t, down 69.4% ditto, that to the EU stayed at 18 t/t, down 31.6% ditto, and that to the USA was 165 t/t, up 17.9% ditto.

By country/region of steel import in November, import from Asia was 626 t/t, up 12.3% from the same month last year. Out of these, that from China was 99 t/t, largely down 25.6% ditto dipped below 100 t/t. It had been since March this year (89 t/t) that import from China had dipped below 100 t/t. That from the Asian NIEs was 496 t/t, up 24.1% ditto, and that from the ASEAN was 11.2 t/t, up 22.9% ditto. That from Russia was 39.0 t/t, up 71.8% ditto, and that from the USA was 0.9 t/t, down 43.9% ditto.

Source - The TEX Report
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