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Arcelor Mittal april

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ijzervreter
0
Het is erg rustig op het forum vandaag. Zit iedereen te wachten op het moment dat de grote gele man met kleine handen wakker is en roept dat de staaltarieven voor de EU in ieder geval tot de zomer uitgesteld worden..
Dat zal een (korte) rally geven naar mijn inschatting. Die hebben we nog te goed. De 29 waren we snel kwijt uit zicht, terwijl we nog richting de 30 moeten (voor de publicatie van de Q1 cijfers).
De analisten zijn goed geluimd. Nu de rest van de beleggers nog.
[verwijderd]
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AK Steel Announces First Quarter 2018 Financial ResultsWEST CHESTER, Ohio, April 30, 2018 (GLOBE NEWSWIRE) -- AK Steel (NYSE:AKS) today reported its financial results for the first quarter of 2018.First Quarter 2018 Highlights
Net income of $28.7 million, or $0.09 per diluted share
Adjusted EBITDA of $118.7 million, or 7.2% of sales
Revenues of $1,658.9 million, an 8.2% increase from first quarter 2017
“Our first quarter 2018 operating performance benefited from a favorable pricing environment and solid demand across most end markets, including automotive,” said Roger K. Newport, Chief Executive Officer of AK Steel. “Our performance was tempered by the previously disclosed unplanned outage at our Middletown Works in January.”“We remain optimistic about 2018, as we expect automotive and other key end use markets to remain strong. Additionally, the collaborative efforts between Precision Partners, AK Tube and our AK Steel technical and research teams are gaining traction at key automotive customers,” Newport said. “The high level of imports, particularly the ongoing surge of foreign electrical steel, remains a challenge and we will continue to work proactively with the Trump Administration to ensure fair and appropriate trade policies.”AK Steel reported net income of $28.7 million, or $0.09 per diluted share of common stock, for the first quarter of 2018. The company’s adjusted EBITDA (as defined in the “Non-GAAP Financial Measures” section below) was $118.7 million, or 7.2% of net sales, for the first quarter of 2018. These results were driven by higher steel selling prices and the effect of the Precision Partners acquisition, offset by higher costs as a result of the Middletown Works unplanned outage, and increased costs for raw materials. In the quarter, the company also changed its method of accounting for certain inventories from the last-in, first-out (LIFO) method to the average cost method, which was retrospectively applied to prior-period financial statements. For the first quarter of 2017, net income was $84.4 million, or $0.26 per diluted share, and adjusted EBITDA was $178.2 million, or 11.6% of net sales. The first quarter a year ago benefited from lower cost raw materials, higher automotive sales and surcharge revenue for specialty steels. The company ended the first quarter of 2018 with total liquidity of $853.3 million, consisting of cash and cash equivalents and $819.8 million of availability under the company’s revolving credit facility.

(Dollars in millions, except per share and per ton data) Three Months
Ended March 31,
2018 2017

Flat-rolled steel shipments (000 tons) 1,430.9 1,456.2
Selling price per flat-rolled steel ton $ 1,045 $ 1,005

Net sales $ 1,658.9 $ 1,533.4
Operating profit 63.6 129.7
Net income attributable to AK Steel Holding Corporation 28.7 84.4
Adjusted EBITDA 118.7 178.2

Net income per diluted share attributable to AK Steel Holding Corporation $ 0.09 $ 0.26

Outlook
The company anticipates that market conditions will strengthen in the second quarter compared to the first quarter. Shipments of carbon and stainless steels, as well as tubular and stamping products, are expected to benefit from continued strength in the automotive market. In addition, the company anticipates increased shipments into both the distributor and converter, and the infrastructure and manufacturing markets.The following additional factors are also relevant to AK Steel’s second quarter 2018 outlook:
The company expects flat-rolled shipments in the second quarter to be approximately 5% to 7% higher than the first quarter of 2018.
The company currently estimates that the average selling price per flat-rolled ton will be about $1,075 in the second quarter, compared to $1,045 in the first quarter.
The company expects outage costs to be approximately $20.0 to $25.0 million in the second quarter of 2018, compared to $31.1 million in the first quarter.
As a result of anticipated improvement in pricing and volumes, the company expects its second quarter adjusted EBITDA margin to improve by 1.5 to 2.0 percentage points from the first quarter of 2018.
The foregoing outlook is based on AK Steel’s current estimates and may change based on business conditions and other factors. There are many other items that could affect the company’s 2018 results, as outlined in the Forward-Looking Statements below, including developments in the domestic and global economies, in the company’s business, and in the businesses of the company’s customers, suppliers and competitors.
ijzervreter
1
AK Steel's stock jumps after profit and revenue beat, given 'favorable' pricing environment
Published: Apr 30, 2018 8:45 a.m. ET

0

By

TOMI
KILGORE
REPORTER AND EDITOR

Shares of AK Steel Corp. AKS, -1.05% ran up 2.3% in premarket trade Monday, after the steelmaker reported first-quarter earnings and sales that beat expectations, and provided an upbeat outlook. Net income fell to $28.7 million, or 9 cents a share, from $84.4 million, or 26 cents a share, in the same period a year ago. The FactSet consensus for earnings per share was 1 cent. Revenue rose to $1.66 billion from $1.53 billion, above the FactSet consensus of $1.57 billion. Chief Executive Roger Newport attributed the results to a "favorable pricing environment" and "solid demand" across most of its end markets, including automotive. The company said it expects market conditions will strengthen in the second quarter, as carbon, stainless steel and tubular and stamping products should continue to benefit from the strength in the automotive market. "The high level of imports, particularly the ongoing surge of foreign electrical steel, remains a challenge and we will continue to work proactively with the Trump Administration to ensure fair and appropriate trade policies," Newport said. The stock has tumbled 16.1% year to date through Friday, while the S&P 500 SPX, +0.11% has eased 0.1%.
Archie Steelman
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ArcelorMittal announces the publication of First Quarter 2018 Ebitda sell-side analyst consensus figure
April 27, 2018 - ArcelorMittal has today announced the publication of first quarter 2018 Ebitda sell-side analysts’ consensus figure.

The consensus figure is based on analysts’ estimates recorded on an external web-based tool provided and managed by an independent company, Vuma Financial Services Limited (trade name: Vuma Consensus).

To arrive at the consensus figure below, Vuma Consensus has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. This is currently a group of between 20-25 brokers.

The listed analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views. ArcelorMittal is neither involved in the collection of the information nor in the compilation of the estimates.
Ebitda consensus estimates

Period 1Q 2018
Number of sell-side analysts participation 19
Ebitda consensus average $ million $2,322

The sell-side analysts who cover ArcelorMittal and whose estimates are included in the group consensus outlined above are the following:

ABN Amro - Philip Ngotho
Bank of America Merrill Lynch - Cedar Ekblom
Barclays Bank - Vladimir Sergievskiy
BBVA - Luis de Toledo
Citi - Ephrem Ravi
Commerzbank - Ingo-Martin Schachel
Cowen - Novid Rassouli
Credit Suisse - Michael Shillaker
Degroof Petercam - Frank Claassen
Deutsche Bank - Bastian Synagowitz
Exane - Luc Pez
Goldman Sachs - Eugene King, Kevin Hellegard
Grupo Santander - Robert Jackson
GVC Gaesco Beka - Iñigo Recio Pascual
ING - Stijn Demeester
Jefferies - Seth Rosenfeld
Kepler – Rochus Brauneiser
Morgan Stanley - Alain Gabriel
UBS – Carsten Riek
ijzervreter
1
(USDm) unless otherwise shown 4Q 17 3Q 17 4Q 16 12M 17 12M 16
Sales 17,710 17,639 14,126 68,679 56,791
Operating income 1,234 1,234 809 5,434 4,161
Net income attributable to equity holders of the parent 1,039 1,205 403 4,568 1,779
Basic earnings per share (US$)[3] 1.02 1.18 0.40 4.48 1.87

Operating income/ tonne (US$/t) 59 57 40 64 50
EBITDA 2,141 1,924 1,661 8,408 6,255
EBITDA/ tonne (US$/t) 102 89 83 99 75
Steel-only EBITDA/ tonne (US$/t) 89 73 68 82 65

Crude steel production (Mt) 22.7 23.6 21.8 93.1 90.8
Steel shipments (Mt) 21.0 21.7 20.0 85.2 83.9
Own iron ore production (Mt) 14.4 14.2 13.9 57.4 55.2
Iron ore shipped at market price (Mt) 8.4 9.1 8.1 35.7 33.6
ijzervreter
0
Met andere woorden de Ebita zou 181 miljoen gestegen moeten zijn tov Q4. Van 2141 naar 2322. Dat moet te doen zijn
03har
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quote:

ijzervreter schreef op 30 april 2018 16:24:

(USDm) unless otherwise shown 4Q 17 3Q 17 4Q 16 12M 17 12M 16
Sales 17,710 17,639 14,126 68,679 56,791
Operating income 1,234 1,234 809 5,434 4,161
Net income attributable to equity holders of the parent 1,039 1,205 403 4,568 1,779
Basic earnings per share (US$)[3] 1.02 1.18 0.40 4.48 1.87

Operating income/ tonne (US$/t) 59 57 40 64 50
EBITDA 2,141 1,924 1,661 8,408 6,255
EBITDA/ tonne (US$/t) 102 89 83 99 75
Steel-only EBITDA/ tonne (US$/t) 89 73 68 82 65

Crude steel production (Mt) 22.7 23.6 21.8 93.1 90.8
Steel shipments (Mt) 21.0 21.7 20.0 85.2 83.9
Own iron ore production (Mt) 14.4 14.2 13.9 57.4 55.2
Iron ore shipped at market price (Mt) 8.4 9.1 8.1 35.7 33.6
Cijfers AM?
ijzervreter
1
Is Barclays Capital een ander dan Barclays Bank? Capital is de dissonant met zijn koersdoel van Eur 20... Die haalt het gemiddelde wellicht ook hier flink naar beneden als het gaat om de verwachtingen Q1... ;-)
Archie Steelman
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quote:

ijzervreter schreef op 30 april 2018 16:25:

Met andere woorden de Ebita zou 181 miljoen gestegen moeten zijn tov Q4. Van 2141 naar 2322. Dat moet te doen zijn
Dus hogere (koers) cijfers komen dichterbij.....
voda
1
Even de koers omhoog jagen. :-)

ArcelorMittal Dofasco Caster No 1 celebrates 30 years of turning molten steel into slabs
Steel News - Published on Mon, 30 Apr 2018

On December 13, 1987, a huge ladle poured the initial heat of molten steel into the reservoir at the top of Dofasco's first ever slab caster. And with it, the company was transformed. It only took minutes for the caster to turn molten steel into slabs, replacing the traditional steps of producing ingots, reheating them in the soaking pits and then rolling them into coils. The two-strand No. 1 Caster was the heart of an integrated system aimed to improve quality and produce more sophisticated grades of steel.

At the time, the CAD 750-million investment was the largest ever by Dofasco and also included the KOBM blowing process, Ladle Metallurgy, the Reheat Furnaces and a two-stand and re-coiler expansion of the Hot Mill. At the press conference announcing the investment, then President and CEO Paul Phoenix said, “This capital programme will enable Dofasco to continue with two of its major objectives – to be a leading supplier of flat rolled steel to the domestic market and to expand product capabilities to meet the more demanding end uses for steel in the future.”

The first slabs’ excellent internal and surface quality exceeded expectations. At the time, leaders attributed the smooth start-up to the hard work of hundreds of people testing, planning and training to prepare for the project during its three years of construction. This included plant-wide training programs, as well as specialized instruction for some employees on equipment at Dofasco and other plants around the world.

Bob Savage, now retired and former vice president of Manufacturing, was caster foreman at the time. He remembers the huge amount of coordination required between Engineering, Operations, Maintenance, Human Resources and Metallurgy, outside consultants, as well as the vast scope of the project, including training and learning new processes. He said “Don McFarlane was the superintendent. Trevor Wright was the assistant superintendent. Doug Watson was general foreman No 2 and Brian Mullen was general foreman No 1. Doug had the main operational responsibility and was really hands on and played a big role in design.”

Source : Strategic Research Institute
voda
1
Germany accounts for 30pct of Dutch steel exports

CBS reported that in 2017, the Netherlands exported 2.7 billion euros worth of steel to Germany, making Germany the single largest market for Dutch steel exports with a share of approximately 30%. Statistics Netherlands reports this in response to enquiries by the Dutch Ministry of Foreign Affairs.

After Germany, the next largest steel purchasing countries are Belgium (12%), France (9%), the United Kingdom (8%) and the United States (6%). In 2017, steel exports to the US amounted to 570 million euros.

Not all steel that is exported by the Netherlands is produced locally. A large share is initially imported and, possibly after some processing, leaves the country again. These so-called re-exports generate considerably less revenue for the Dutch economy than the export of Dutch-made products. Altogether, the Netherlands exported 9 billion euros worth of steel in 2017, the bulk of which was domestically produced with a minor share constituting re-exports. Domestically produced goods also include foreign goods which have undergone major processing in the Netherlands.

One-quarter to half of all exports to nearby destinations are re-exports. In the case of Germany, almost half are re-exports. By contrast, the vast majority of goods exported to the United States are Dutch-manufactured. The US is therefore the largest market for Dutch-produced steel (excluding re-exports) after Germany and Belgium.

Volume of exports has been stable for several years
In terms of volume, Dutch steel exports have been fairly stable since 2011. The volume stood at 11.0 billion kg of steel in 2017; roughly equal to 2011, but slightly higher than in 2016, when it amounted to 10.5 billion kg. The value development of Dutch steel exports has followed a similar pattern. Last year, the value did increase more rapidly than the volume due to rising prices.

Source : CBS
gpjf
0
Ik vind vooralsnog het allemaal nog maar mager met dus koersstijging . We zullen zien wat er vanavond nog gebeurd. Nog steeds mijn verkooporder op 28,58 staan en die blijft staan met de gok dat Trump een vervelend besluit neemt. Mocht het uitstel wordt hetgeen ik verwacht dan zet ik misschien 2 mei de verkoopkoers nog iets hoger
voda
1
USD 151 million steel mill upgrade at ArcelorMittal Dofasco

ArcelorMittal Dofasco said that it is going through a USD 151 million upgrade of its hot mill operation to become more competitive and produce higher quality steels. The massive project that is slated for completion in 2020 will receive USD 22.7 million in provincial funding from the government's Job and Prosperity Fund, an effort to help businesses improve productivity and better compete.

Ms Cristina Martins, parliamentary assistant to the minster of economic development and growth, announced Wednesday at the company's headquarters on Burlington Street East that the government is giving USD 15.2 million as a grant and USD 7.5 million as a loan. She said that "We are pleased to support the next phase of ArcelorMittal Dofasco's evolution, which will boost the North American market and maintain stable jobs for thousands of employees.” The steelmaker employs more than 4,700 people in Hamilton.

Mr Tony Valeri, the company's vice-president of corporate affair, said that "Our customers continue to demand more from us in order to meet the demands of their customers and the market. Over the past five years we have invested $2 billion in our facilities both in capital projects and regular maintenance investments we need to make on annual basis."

The upgrade is part of an effort by the steelmaker to further develop high-tech steels that are lighter and more durable. The automotive sector, in particular, has been pressuring steelmakers to help them develop lighter vehicles to meet more stringent fuel efficiency standards of the future.

A huge amount of high tech steel research and development is taking place in Hamilton at ArcelorMittal Dofasco, the CanmetMATERIALS Research Centre at the McMaster Innovation Park and McMaster University's Steel Research Centre. But new products tend to need new technology to produce. And that's a big part of the reason for the upgrade of ArcelorMittal Dofasco's hot mill.

Essentially all steel produced by the company needs to pass through the mill that converts steel slabs into coils.

The upgrade that the company says will also improve energy efficiency and safety involves replacing three aging coilers with two modern ones, along with new runout tables. As well, the strip cooling system will be modernized.

Source : The Spec
ijzervreter
0
@03Har : cijfers MT. Om te vergelijken de ebita verwachting. Slechts een toename van 181 op een totaal van 2141 is slechts 8%.
Archie Steelman
1
BRUSSEL (ANP) - De EU zet zich schrap voor een handelsoorlog met de Verenigde Staten. Een tijdelijke uitzondering op de in maart ingestelde Amerikaanse importheffingen op staal en aluminium loopt op 1 mei af.
Achter de schermen werkt Brussel koortsachtig aan een oplossing EU-commissaris Cecilia Malmström (handel) heeft maandag telefonisch spoedoverleg met de Amerikaanse minister Wilbur Ross. Volgens een woordvoerder in Brussel zijn er ,,op alle niveaus’’ gesprekken met Washington en heeft de commissie ,,permanent contact met de lidstaten.’’ De EU ,,is voorbereid’’ als er geen positief bericht komt. Bezoeken van de Franse president Emmanuel Macron en bondskanselier Angela Merkel aan president Donald Trump vorige week hebben geen resultaat opgeleverd.

De commissie heeft gezegd met tegenheffingen te antwoorden op het invoertarief van 25 procent op staal en 10 procent op aluminium. Er komen nieuwe tarieven op typisch Amerikaanse producten als jeans, Harley Davidson-motoren en pindakaas.

Trump eist dat de EU de importheffingen op Amerikaanse auto’s verlaagt.voor middernacht.
Archie Steelman
0
Toch nog een 5e plek in de lijst van stijgers in de AEX vandaag. Was eerder vandaag overigens 1e. Nu maar afwachten wat Amerika en Europa bekokstoven m.b.t. de importheffingen. Morgen is de beurs gesloten. Woensdag maar weer verder kijken.
voda
1
In de zéér forse eindveiling 968,626 stuks, die de koers 3.5 cent lager zette.

ArcelorMittal 28,095 0,29 1,04 % 17:39:07

Koersdetails
Laatste 28,095 17:39:07 Theor. open 28,095 17:35:16
Bied 28,095 17:39:50 Laat 28,10 17:35:19
Laagste 27,845 09:00:50 Hoogste 28,335 09:51:27
Open 27,955 09:00:25 Vorig slot 27,805 27-04-18
Cum. vol. 3.859.421 Gem. dagomzet 5.642.420
03har
1
quote:

ijzervreter schreef op 30 april 2018 17:14:

@03Har : cijfers MT. Om te vergelijken de ebita verwachting. Slechts een toename van 181 op een totaal van 2141 is slechts 8%.
Dank Ferrovoor !
(je hebt omnivoren, carnivoren en nu ook ferrovoren)

Ik denk dat de outlook dit keer erg belangrijk zal zijn,
belangrijker dan de jaarcijfers
Hoe zit het met de schuld en kapitaal voor de benodigde aankopen (Ilva/Esser).
Har
gpjf
0
Nou iedereen wacht blijkbaar in spanning af en vooralsnog zijn de algemene verwachtingen niet echt optimistisch . Tsja als het die kant zou uitgaan, dan knalt het direct op meerdere fronten zoals de Irangate en de Nato etc. Zou toch een verhouding met de VS zijn die we nog niet eerder hebben meegemaakt
Crypsis
0
Als je toch ziet dat aks en x op hun kloten krijgen op normale cijfers dan houd ik m’n hart vast voor Arcelor
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