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Nieuws en info hier plaatsen (deel 4)

35.173 Posts
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  1. forum rang 6 ttroo 27 februari 2014 16:55
    ArcelorMittal Dofasco steel goes into Ford’s next generation Edge crossoverFord’s next-generation Edge crossover – due to hit the market in January 2015 – will be manufactured using Extragal® steel produced at ArcelorMittal Dofasco in Hamilton, Canada.

    Extragal® is a double-sided pure zinc galvanised steel grade which offers high corrosion resistance and surface quality, making it ideal for automotive applications.

    Extragal® steel produced at ArcelorMittal Dofasco is already used in the outer body panels of the current generation of the Edge. The same steels will be supplied for the 2015 Edge, for use in the outer body panels including doors, liftgate and fenders. A variety of advanced high strength steels (AHSS) will also be supplied by our NAFTA facilities. This includes Usibor® steels for hot stampings.

    The new Edge is Ford's latest entry in the global utility vehicle market — a part of the auto industry that recorded 13% year-on-year growth in 2013 with more than 1.2 million vehicles sold worldwide. The 2015 Edge will to be sold in 60 countries around the world, and will be assembled at Ford’s Oakville plant, only 20km from our Dofasco plant. The development means new job security for 2,800 Ford autoworkers as well as for employees at ArcelorMittal Dofasco.

    "Ford is a long-standing and valued customer for ArcelorMittal Dofasco and this is another example of the positive impact manufacturers have on the Canadian economy and on the communities in which we operate," said Peter LeBlanc, ArcelorMittal Dofasco’s director of automotive sales for NAFTA.

    Production of the new Edge, which will include parking assist technology and sensors that will help the vehicle avoid collisions before the driver realises there is danger, will begin at the end of this year. The vehicle will be in showrooms early in 2015.

    This is just one example of the ongoing partnership between ArcelorMittal Dofasco and Ford. Dofasco sends about a third of its production to the automotive industry, and supplies its steels to all the Ford vehicles manufactured in North America
  2. forum rang 10 voda 27 februari 2014 16:56
    Weekly update on domestic raw steel production in US

    In the week ending February 22nd 2014, domestic raw steel production was 1,831,000 net tonnes while the capability utilization rate was 76.3%. Production was 1,875,000 net tonnes in the week ending February 22nd 2013, while the capability utilization then was 78.3%.

    The current week production represents a 2.3% decrease from the same period in the previous year. Production for the week ending February 22nd 2014 is down 0.8% from the previous week ending February 15th 2014 when production was 1,845,000 net tonnes and the rate of capability utilization was 77%.

    Adjusted year to date production through February 22nd 2014 was 13,850,000 net tonnes at a capability utilization rate of 76.3%. That is a 1.1% decrease from the 13,997,000 net tonnes during the same period last year, when the capability utilization rate was 77.3%.

    Broken down by districts, here's production for the week ending February 22nd 2014 in thousands of net tonnes: North East: 219; Great Lakes: 640; Midwest: 241; Southern: 647 and Western: 84, for a total of 1,831.

    Source – Strategic Research Institute
  3. forum rang 10 voda 27 februari 2014 16:57
    China finished steel consumption increases by 5pct in 2013

    According to the data from China’s Ministry of Industry & Information Technology, China’s finished steel consumption was 686 million tonnes in 2013 rising by 4.9% from a year ago.

    The country’s net exports of crude steel were 50.73 million tons, rose by 14.4% from 2012. The construction sector, the biggest domestic consumer, consumed about 380 million tonnes of the finished steel up by 4.4% YoY. The machinery sector was in the second position consumed 144 million tonnes of finished steel.

    The MIIT indicated that China’s crude steel capacity now is about 1 billion tonnes per year and the utilization rates only about 72% in 2013.

    Source - www.yieh.com
  4. forum rang 10 voda 27 februari 2014 16:58
    Wuxi plans to slash steel capacity by 2 million tonnes within 4 years

    Recently, Wuxi city has released implementation Suggestions for Resolving Overcapacity.

    According to the Suggestions, Wuxi City plans to slash steel overcapacity by over 2 million tonnes, cement overcapacity by over 1 million tonnes and eliminate more than 10 cement companies within 4 years.

    Meanwhile, the city will raise the standards of for energy consumption, material consumption, water consumption and eco environment protection as well as implement differential policies for resources and energy.

    Source - www.steelhome.cn/en
    China steel information centre and industry database
  5. forum rang 10 voda 27 februari 2014 17:00
    Atlas confident of strong iron ore price

    SBS reported that Atlas Iron is confident that the iron ore price will trade around USD 120 per tonne over the next half as Chinese demand continues to hold up.

    The Pilbara focused iron ore producer has swung back to profit after doubling revenue and upgrading its production targets due to a record first half.

    Mr Mark Hancock commercial director of Atlas said that “The Perth based company was comfortable with current pricing above USD 120 per tonne as Chinese construction begins to pick up following the Lunar New Year. It does approximate the consensus view as to where Chinese domestic production sits."

    Mr Hancock said that "It's not an absolute floor, but we certainly believe in the medium term it's a price that things keep gravitating back to because there are a lot of tonnes in the market and a lot of reliance on those tonnes."

    Mr Ken Brinsden MD of Atlas said that “The Chinese steel market was in gross undersupply as the world's second largest economy sustained its supply base by funding high-cost domestic mining. Of course, there's expansion going on in seaborne trade but all it's doing is displacing high cost Chinese production."

    Mr Brinsden said that Atlas was now producing more than 10 million tonnes per annum and heading towards 12 million tonnes per annum. The company was encouraged by the interest being expressed by parties seeking opportunities to co fund rail, port and mine developments in the Pilbara.

    Source - SBS
  6. forum rang 10 voda 27 februari 2014 17:05
    Alcoa reaches power agreement to improve competitiveness of Quebec smelters

    Alcoa and the Government of Quebec have reached an agreement to improve the competitiveness of Alcoa’s three smelters in Quebec, securing approximately 3,000 jobs. Under the agreement, Hydro Quebec will renew Alcoa’s power supply contracts for the Becancour and Deschambault facilities until 2030 and for the Baie Comeau plant through 2036.

    The agreement enables Alcoa to proceed with USD 250 million of planned investments at the smelters over the next five years to further improve their competitiveness. As part of that investment, Alcoa will increase production of aluminum used for auto manufacturing and reduce production of commodity-grade aluminum at the Baie Comeau casthouse to capture demand from automakers as they turn to aluminum for more fuel efficient vehicles. According to automakers, aluminum body sheet content in North American vehicles is expected to quadruple by 2015 and increase tenfold by 2025 from 2012 levels.

    Mr Bob Wilt president of Alcoa Global Primary Products said that “These actions support our strategy to lower the cost base of our upstream businesses while capturing demand for higher margin, value add products. The agreement will help Alcoa achieve its goal of moving down the global aluminum cost curve, and the casthouse optimization will help meet growing demand for aluminum in the North American auto market.”

    In addition to the planned investments, Alcoa has agreed to support the government’s electric transportation strategy by considering the Baie-Comeau facility as a potential source of aluminum for emerging technology applications, including aluminum air batteries. Alcoa recently entered into a joint development agreement with clean technology company, Phinergy, to further develop its battery, which can be used in electric vehicles and runs on air and aluminum. Alcoa will also provide financial support and lend technical expertise to government led programs focused on lightweighting vehicles with aluminum.

    The previously planned modernization of the Baie-Comeau facility, through which Alcoa would have constructed a new potline to replace the two Söderberg potlines it closed last year, is not included in this agreement and will no longer be pursued.

    Mr Martin Briere president of Alcoa Canada Global Primary Products said that “This agreement marks a new start for our Québec smelters and we applaud the Premier and her team for their vision and commitment to Alcoa, our employees and community stakeholders. Alcoa’s facilities in Québec can now concentrate on meeting growing global demand for aluminum and continuing to provide important economic benefits to the region.”

    Source – Strategic Research Institute
  7. forum rang 10 voda 27 februari 2014 17:06
    ArcelorMittal rekindles hopes for Karnataka steel plant

    PTI reported that having acquired most of the land for its USD 6.5 billion plant in Karnataka, world's top steel maker ArcelorMittal hopes to complete the acquisition of the remaining 136 acres by March.

    As per report, ArcelorMittal has 2,659 acre private land already in possession. It had acquired 1,827 acres and 832 acres in December 2011 and December 2012.

    ArcelorMittal said in its latest annual report for 2013 that this leaves a balance of 136.33 acres land owned by the Karnataka government which is being processed for allocation is expected to be completed during the Q1 of 2014.

    The company is also in the process of finalizing the subcontractor agreements related to fencing and safeguarding the entire land in Karnataka, which are expected to start during Q1 of 2014.

    ArcelorMittal plans to put up a 6 million tonne per annum steel plant with a 750 MW captive power plant in Karanataka with a projected investment of USD 6.5 billion. The draft feasibility report for the proposed steel plant has been completed and hydrological and environmental impact assessment studies have been initiated.

    Source - PTI

  8. forum rang 10 voda 27 februari 2014 17:07
    ArcelorMittal opens Polish rail production facility

    ArcelorMittal’s Dabrowa Gornicza long rail installation in Poland one of three in the world capable of producing 120 meters rails for the railway industry was officially opened on February 20th 2014 by Mr Janusz Piechocinski deputy PM of Poland.

    The opening of the new installation is timely as ArcelorMittal Europe has announced its selection by Deutsche Bahn to supply 129 kilo tonne of rails to the German railway company in 2014, together with ArcelorMittal’s Gijon site in Spain. Both parties also agreed an option to deliver a further 129,000 tonnes in 2015.

    Mr Manfred Van Vlierberghe CEO of ArcelorMittal Poland said that “The production of long rails is a project of significant strategic importance for the company as many companies are planning major investment in rail infrastructure. We are pleased that the opening of the installation has taken place just days before the tenth anniversary of our presence in the Polish market. In the past decade, ArcelorMittal has invested more than USD 1.6 billion in the modernization of its plants in Poland.”

    Mr Augustine Kochuparampil CEO for long products at ArcelorMittal Europe said that “The company was very pleased to be working with Deutsche Bahn having just completed such a major investment in rail production facilities in Poland (enabling the company to produce 120m rails). The rails will support Deutsche Bahn’s network renewal and expansion programs.”

    Dr Bernd Striegel head of procurement and sites at DB Netz AG said that "Deutsche Bahn invests extensively in its railway network every year. In 2014, we aim to renew more than 3,000 kilometers of rails, 2,350 track switches more than two million railway sleepers and about 4 MT of gravel."

    Source – Strategic Research Institute
  9. forum rang 10 voda 27 februari 2014 17:08
    ArcelorMittal & NSSMC complete acquisition of ThyssenKrupp Steel USA

    ArcelorMittal, together with Nippon Steel & Sumitomo Metal Corporation announced that it has completed the acquisition of ThyssenKrupp Steel USA, a steel processing plant in Calvert, Alabama, having received all necessary regulatory approvals.

    The transaction - a 50/50 joint venture with NSSMC - was completed for an agreed price of US$1,550 million plus working capital and net debt adjustment.

    The Calvert plant has a total capacity of 5.3 million tons including hot rolling, cold rolling, coating and finishing lines.

    Mr LN Mittal chairman and CEO of ArcelorMittal said "The successful completion of this transaction is an important milestone for ArcelorMittal. Along with NSSMC we are now the owners of the most modern steel finishing facility in the world, which will allow us to meet rising demand for steels in the automotive, energy and other important NAFTA markets."

    Source – Strategic Research Institute
  10. forum rang 5 gpjf 27 februari 2014 17:27
    zo gaan gewoon boven de 11,50 sluiten. Morgen interessante dag om te bezien of ze verder naar boven gaan want dan lijkt het mij ook dat we aardig de bodem hebben gezien.
  11. forum rang 10 voda 27 februari 2014 17:52
    quote:

    gpjf schreef op 27 februari 2014 17:20:

    Hee Voda, heb jij soms aandelen Mittal ? hahaha
    Nee. Wel aandelen Pharming. :-)
  12. forum rang 6 Candelll 27 februari 2014 19:08
    We believe that we have passed the bottom of the steel cycle and that ArcelorMittal will continue to show positive earnings momentum, as the most important end-markets start to recover,” said ABN Amro. “Together with the self-help from the cost savings programme and mining expansion, this should lead to strong earnings growth in 2014.”
  13. forum rang 4 Dicall69 27 februari 2014 19:10
    quote:

    candelll schreef op 27 februari 2014 19:08:

    We believe that we have passed the bottom of the steel cycle and that ArcelorMittal will continue to show positive earnings momentum, as the most important end-markets start to recover,” said ABN Amro. “Together with the self-help from the cost savings programme and mining expansion, this should lead to strong earnings growth in 2014.”
    Dat zijn de berichten waarop je voor de lange termijn moet gaan dan zit je er een stuk gemoedelijker bij !!!
  14. forum rang 10 voda 28 februari 2014 16:38
    China Steel Corporation raises domestic prices for April and May

    Taipei Times reported that China Steel Corporation raised its domestic prices for April and May shipments by an average of 0.37% compared with March shipments on expectations that demand will rise.

    Mr Liu Jih gang VP for sales of China Steel said that “Although demand in Taiwan has remained low this month, we believe it is a short-term phenomenon and market sentiment will improve significantly next quarter, which is the peak season for the industry.”

    Mr Liu said that “The nation’s biggest steelmaker expects a recovering US economy will spur demand, given that warmer weather next quarter will help boost housing construction starts. China only increased its daily steel output by 0.5% to 2.06 million tonnes this month, compared with 1.96 million tonnes last month which is not enough to meet rising demand.”

    He said that China Steel also expects steel price hikes to be sustained next quarter as rising raw material costs would give steelmakers little leeway for pricing. The company’s shipments are expected to increase 2.75% sequentially to 2.99 million tonnes this quarter and to rise to 3.06 million tonnes next quarter. Shipments this quarter grew 4.18% from 2.87 million tonnes last quarter to 2.91 million tonnes.

    Source – Taipei Times.com
  15. forum rang 10 voda 28 februari 2014 16:39
    US preliminary steel imports increase 27pct in Jan 2014

    According to the American Iron and Steel Institute, the US imported a total of 3,172,000 net tonnes of steel in January 2014 including 2,409,000 net tonnes of finished steel. Year to date total and finished steel imports are 3,172,000 and 2,409,000 net tonnes respectively up 21% and 12% respectively, vs. 2013. Finished steel import market share was an estimated 26% in January.

    Key finished steel products with a significant import increase in January compared to December 2013 are reinforcing bars (up 168%), wire rods (up 145%), sheet and strip all other metallic coatings (up 115%), oil country goods (up 58%), plates in coils (up 39%), sheets and strip galvanized hot dipped (up 38%), cold rolled sheets (up 23%) and hot rolled sheets (up 11%).

    In January, the largest volumes of finished steel imports were from South Korea (429,000 NT, up 43% vs. December final), Turkey (200,000 NT, up 341%), China (191,000 NT, up 33%), Japan (159,000 NT, up 6%) and Taiwan (102,000 NT, up 127%).

    Source – Strategic Research Institute
  16. forum rang 10 voda 28 februari 2014 16:40
    Britain to extradite ILVA Mr Fabio Riva - ANSA

    ANSA reported that British authorities have agreed to extradite to Italy Mr Fabio Riva, whose family owns the controversial ILVA steel plant blamed in an environmental disaster in southern Italy. It is expected that Mr Riva will appeal the extradition order called for by Italian authorities who allege fraud.

    One month ago, a European arrest order was issued against Mr Riva, son of the owner of the troubled steel manufacturer ILVA and resident of London. The former ILVA executive and ex deputy chairman of ILVA's parent company Mr Riva is accused of defrauding the Italian State of hundreds of millions of euros by illegally taking public subsidies for exports through the holding company Riva Fire.

    Milan prosecutors say that Fabio Riva, another Riva Fire executive and an outside professional are under investigation. Those charges represent the third of a series of probes into the financial, business and tax dealings of ILVA's parent company Riva Group.

    Source – ANSA
  17. forum rang 10 voda 28 februari 2014 16:41
    Vale posts record USD 6 billion loss after Brazil tax accord

    Bloomberg reported that Vale SA posted a record quarterly loss after settling a decade long tax dispute with Brazil.

    Vale’s Q4 net loss widened to USD 6.45 billion or USD 1.25 a share from a net loss of USD 2.62 billion or 51 cents, a year earlier. Earnings before interest, taxes, depreciation and amortization or adjusted Ebitda, rose to USD 6.64 billion beating USD 5.9 billion average estimate by 17 analysts compiled by Bloomberg.

    The world’s third-largest mining company has underperformed its main peers in the stock exchange for the past year as a tax dispute with Brazil and weakening demand in China, the destination of about half its iron ore shipments weighed on investors’ confidence. Vale has divested aluminum, logistics, copper and energy assets since mid-November as it seeks to raise cash and streamline operations to boost profitability.

    The miner agreed in November to pay BRR 22.3 billion to settle a tax dispute with the Brazilian government over foreign unit profits. Vale said today that the settlement cut 2013 net income by BRR 6.47 billion.

    The quarterly loss is the largest since at least 1997, when the company went public, exceeding the net loss a year ago after Vale wrote down the value of some nickel, coal and steel assets.

    BHP Billiton Limited, the world’s biggest mining company, last week said profit for the H1 increased a more than expected 31% on stronger iron ore earnings and a decline in costs. Rio Tinto Group, the second largest, on Feb. 13 boosted its dividend after also beating estimates on H2 profit.

    Mr Jose Carlos Martins Vale Executive Director for Ferrous and Strategy said that “China steel demand may increase between 3% and 6% this year after expanding more than expected in 2013. We see prices oscillating but we don’t see any chance of prices falling below USD 110. That’s a price quite interesting for us.”

    Source – Bloomberg
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