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Arcelor Mittal Februari 2019

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En MT gaat verderrrrrr met het opkopen van India

www.vccircle.com/arcelormittal-eyes-e...

ArcelorMittal eyes Essar port, plant; GIC, Mitsubishi vie for GMR Airports stake

Essar Group held talks with ArcelorMittal over the sale of its port and power plant at Hazira in Gujarat, The Economic Times reported.

Citing people aware of the development, the report said Essar is expecting Rs 8,500-10,000 crore from the sale.

Hazira port has capacity of 30 million tonnes per annum and the natural gas-fired power plant has a capacity of 515 megawatts, according to the report.

The port and power plant are critical for the smooth operation of Essar Steel plant in Hazira.

In October last year, Essar Steel lenders approved a joint offer by ArcelorMittal and Nippon Steel.

Essar Steel plant, located at Hazira, has a capacity of 10 million tonnes per year. The firm has iron-ore pellet facilities in Visakhapatnam and Paradip having total capacity of 14 million tonnes per year.

Last month, the National Company Law Tribunal had rejected a loan settlement offer by Essar Steel's promoters.

The promoters offered to pay Rs 54,390 crore to the lenders for regaining control of Essar Steel.

Separately, ArcelorMittal had submitted a bid to acquire Essar’s 1,200-megawatt Mahan power plant in Madhya Pradesh for Rs 4,800 crore ($673 million). It had also bid for Essar’s infrastructure arm EPC Constructions.

In another development, Singapore’s sovereign wealth fund, GIC, and Japanese conglomerate Mitsubishi Corp are in fray for a minority stake in GMR Infrastructure Ltd’s GMR Airports, The Economic Times reported.

Citing three people aware of the development, the report said GMR is looking to raise Rs 4,000-5,000 crore through stake sale in the airport business. GMR will use the funds from the stake sale to pare debt.

Last week, GMR said in a stock-exchange filing that it had formed a sub-committee of its board to look into the possibility of spinning off its airport business.

The company also said it has received multiple proposals from investors for its airport business and that the sub-committee will evaluate those proposals.

GMR operates airports in New Delhi, Hyderabad and Cebu in the Philippines. It is also developing new airports at Mopa in Goa and at Heraklion in Greece. Recently, GMR emerged as the highest bidder for the privatisation of Nagpur airport.

Separately, The Economic Times reported on Tuesday that Canadian pension fund PSP Investments, Spanish infrastructure company Ferrovial and sovereign wealth fund Abu Dhabi Investment Authority have placed final bids to pick up a stake in GVK Airport Holdings Pvt. Ltd, a wholly owned unit of GVK Power and Infrastructure Ltd.

In another development, state-run lender Andhra Bank is looking to sell either entire or part of its 30% stake in IndiaFirst Life Insurance Company Ltd to raise Rs 900 crore, The Economic Times reported.

Citing a person aware of the development, the report said private equity giant Warburg Pincus is in the fray to buy the stake.

In June last year, Warburg Pincus had acquired a 26% stake in IndiaFirst Life Insurance from Legal & General Group Plc. for Rs 710 crore ($105 million. The deal valued Mumbai-headquartered IndiaFirst Life at Rs 2,733 crore.

Warburg Pincus can buy only 23% stake more as the foreign direct investment cap on insurance is 49%.

Bank of Baroda holds 44% stake in IndiaFirst Life Insurance.

miniature
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Bir schreef op 20 februari 2019 12:53:

[...]

Goeiemorgen @Mini, tja kritiek roep je misschien een beetje over jezelf af als je schermt met indicatoren maar die niet benoemt. Mensen zouden dan kunnen denken dat jouw uitspraken niet meer zijn dan gewoon gokken.

Enfin, hoe je je beeld vormt, het is niet aan mij om daar wat van te vinden, dus dat ga ik ook niet doen. Wel een blik vanuit TA op MT. Zoals eerder aangegeven door anderen is er wel degelijk sprake van een afgerond (?) omgekeerd hoofd-schouder patroon. Normaal gesproken zou de koers komende weken op basis daarvan echt omhoog moeten/kunnen gaan naar tenminste € 24,-. Het patroon heeft ook bijkomend effect dat weerstanden makkelijker doorbroken worden en steunen hardnekkiger zijn. En dat betekent voor MT dat bijv. het steun niveau rond € 19,80 krachter zal blijken te zijn dan gedacht. En mede daarom denk ik / neem ik aan, dat zonder echt slecht nieuws, MT niet ver onder die steun meer gaat zakken, dat zou me echt zwaar verbazen.

Natuurlijk heb ik geen idee welke indicatoren jij gebruikt, maar alle gangbare geven op dit moment aan dat de ruimte omhoog veel groter is, dan de risico’s omlaag. Voor wat het waard is.

Ik wens je succes toe met je voorspellingen en maken van keuzes. Ennuh, ik blijf gewoon rondrijden in mijn Audi hoor, ook als ik met beleggen genoeg verdien om een BMW te kunnen kopen. BMW is iets voor snelle jongens, en dat ben ik niet.

Grt Bir

om te beginnen roep ik helemaal niets over mezelf af, dan doen andere, en ik wil best van je aannemen dat alle gangbare indicatoren welke jij hebt, gebruikt of leest zeggen dat AM toch tenminste de € 24,- moet zien te halen, tja dat is dan gezegd, maar de praktijk is weerbarstig en anders de steun van € 19,80 is vandaag ook alweer gebarsten, en dus zeggen al die indicatoren niets helaas. En mijn indicatoren zullen veel forumleden tot ergernis en zware irritatie ook niets willen zeggen, maar is wel de realiteit, want de AM koers blijft nog 2 dagen dalen

voda
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No revised bid for Essar Steel - Vedanta

The Hindu reported that the talks between Vedanta and JSW Steel for submitting a higher joint bid for the stressed Essar Steel asset seem to have not taken off. In response to a BusinessLine query, Vedanta said “It categorically confirms that it is not in the process of submitting any revised bid for Essar Steel and as a policy we do not comment on market speculation.”

According to sources, Vedanta was in talks with JSW Steel the past few weeks to increase its bid from INR 36,000 crore to INR 48,000 crore with both companies contributing INR 24,000 crore each. This was seen as an effort to compete with ArcelorMittal’s bid of INR 43,000 crore, which has been approved by the Committee of Creditors and is pending before the National Company Law Tribunal (NCLT) for final approval.

Source : The Hindu
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No injuries from explosion at ArcelorMittal plant in Mexico

Reuters reported that an explosion at slag tanks at ArcelorMitall’s steel plant in Lazaro Cardenas in western Mexico on Tuesday caused no injuries. It said “There was a thermal reaction in our slag pools, which produced a roar that was perceived by the city, without causing harm to people.”

Video footage published Mexican media showed an explosion and large flames reportedly at the site.

Source : Reuters
Bijlage:
voda
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San Patricio County votes to bring steel mill to Sinton

San Patricio County commissioners took the first step in clearing the way for a new USD 1.8 billion steel mill to be built just outside Sinton, Texas. If all goes the way they hope it will and that's still a big "if" at this point it could mean 500-600 new jobs for Sinton and San Patricio County. Commissioners approved a reinvestment zone for a piece of property outside Sinton that could be the site for a new steel mill. Steel Dynamics, based in Fort Wayne, Ind are considering the site for a new state-of-the-art electric arc furnace flat roll steel mill.

Mr Iain Vasey of the Regional Economic Development Corporation, who helped make a presentation to San Patricio County commissioners said this translates to hundreds of jobs and no pollution concerns. He said that "It's not like something out of the 1920's in Pittsburgh with smokestacks and things like that. This is an electric arc furnace. It's essentially a big electric oven. They bring in scrap steel and then they take hot briquet iron, which is made down the road by Voestalpine, and then they basically role steel."

The site being considered consists of 250 acres just a few miles outside Sinton where Highway 77 and 89 meet. The 500 to 600 jobs the steel plant could bring to the area could have an average salary of USD 70,000 to USD 80,000 a year, and most of the positions would involve on-the-job training.

Sinton officials said it would mean a lot for the community. Sinton City Manager John Hobson said that "It's a tremendous opportunity that will have positive impacts on residents and lives in this community for generations to come.”

The next step for county commissioners will be to consider standard tax abatements for the property and if all goes well, start a two-year permitting process. Officials said it may take one-three years to complete construction of the new plant.

Source : Kiiitv.com
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AISI update on Raw Steel Production in US in Week 07

In the week ending on February 16, 2019, domestic raw steel production was 1,886,000 net tons while the capability utilization rate was 81.0%. Production was 1,817,000 net tons in the week ending February 16, 2018 while the capability utilization then was 77.9%. The current week production represents a 3.8% increase from the same period in the previous year. Production for the week ending February 16, 2019 is down 0.6% from the previous week ending February 9, 2019 when production was 1,897,000 net tons and the rate of capability utilization was 81.5%.

Adjusted year-to-date production through February 16, 2019 was 12,737,000 net tons, at a capability utilization rate of 80.7%. That is up 8.4% from the 11,748,000 net tons during the same period last year, when the capability utilization rate was 75.7%.

Broken down by districts, here's production for the week ending February 16, 2019 in thousands of net tons North East: 219; Great Lakes: 661; Midwest: 206; Southern: 726 and Western: 74 for a total of 1886.

Source : Strategic Research Institute
miniature
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En met nog iets meer dan 3 uurtjes te gaan gaat AM weer exact en precies zoals ik het dolgraag zie vandaag. slot ligt gewoon weer rond € 19,65 max.
voda
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USW welcomes US Steel plan to restart EAF construction

The United Steelworkers union welcomed the announcement from US Steel that it would restart construction of an electric arc furnace at its facility in Fairfield, Ala. USW International President Mr Leo W Gerard said that “The USW is pleased to have finally concluded an agreement with US Steel to build a new EAF.This decision paves the way for a solid future in continuing to make steel in Alabama and the Birmingham region.”

USW International Vice President Mr Tom Conway, who serves as chair of the union’s US Steel bargaining committee said that “This is an important step forward for the current employees making world-class pipe, and it will further result in additional jobs. Restoring a hot end at the plant is essential to maintaining and growing good union jobs in Fairfield.”

The USW in October reached a new four-year contract with US Steel covering about 16,000 workers at the company’s facilities across the United States, including Fairfield.

Mr Kevin Keys president of USW Local 1013, which represents the Fairfield workers said that “The USW operates EAF furnaces at many of our represented plants across the country, and we look forward to starting up another new furnace and delivering top-quality products for our customers.”

The company said construction was expected to begin immediately and that the furnace would be producing steel by the second half of 2020.

Mr Daniel Flippo, director of USW District 9, which represents Alabama and six other states, as well as the Virgin Islands said that “This re-establishes steelmaking again in the valley and ensures the future of the plant. It’s a very welcome development.”

Source : Strategic Research Institute
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Vietnamese steel exports subject to Thailand’s final anti dumping review

Vietnam Net reported that the Trade Remedies Authority of Vietnam, under the Ministry of Industry and Trade, recently reported that it had received information that Thailand’s Department of Foreign Trade begun the final stages of investigation into the matter on January 28. The Thai department has been looking into anti-dumping duties levied on carbon cold rolled sheet steel coils and others imported from countries such as Vietnam.

The final review was made at the request of stakeholders. Previously, the Thai department had kick-started the investigation back in September 13, 2012.

Nearly one and a half years after the investigation, on February 6 2014, the department issued its final conclusion to impose an anti-dumping duty of 14.35% within five years.

The Trade Remedies Authority of Vietnam required local steel exporters to team up and provide sufficient, valid information for the Thai department during the final investigation.

Local steel exporters were also asked to collaborate closely alongside the Vietnamese Trade Remedies Authority to raise protests if necessary.

Source : Vietnam Net
voda
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Stelco reports strong Q4 2018 results

Stelco Holdings Inc announced financial results of the Company and that of Stelco Inc for the three months and full year ended December 31, 2018. Alan Kestenbaum, the Company’s Executive Chairman said “Stelco continued to deliver strong shipping volumes and financial results, including what we believe to be the North American steel industry’s leading adjusted EBITDA margin1,2 of 22% in the fourth quarter and for the full year 2018, demonstrating the benefits of the operational improvements we continue to make in the Company. We are pleased with our full year financial performance and operational resiliency. Our full year 2018 operating income of $471 million, adjusted EBITDA of $544 million, and tariff adjusted EBITDA of $617 million, are a reflection of our company's strength of operations and a testament to Stelco's low cost position and tactical flexibility model.”

“By executing our tactical flexibility model, during the fourth quarter we reduced our tariff related costs by more than 41% sequentially, from $39 million in the third quarter to $23 million in the fourth quarter,” Kestenbaum added. “We are continuing with efforts to reduce our tariff exposure into 2019 and fully support the Canadian government’s efforts to eliminate the 232 tariffs against Canadian steel. We welcome and appreciate the Canadian government’s implementation of various measures including provisional safeguard measures in Q4 2018, that have helped to prevent a surge of offshore imports into the Canadian market.”

“During the fourth quarter, we generated $100 million of cash flow from operations and ended the year with a considerable cash balance of $438 million3,” Kestenbaum concluded. “As a result, consistent with our strategy and focus on generating exceptional total shareholder returns, we are pleased to announce we are declaring a special cash dividend of $100 million ($1.13 per share), in addition to our regular quarterly dividend of $0.10 per share. These dividends, coupled with the $150 million special dividend paid in August and our four regular quarterly dividends paid in 2018, will bring total dividends paid to our shareholders since the beginning of 2018 to $295 million ($3.32 per share). In addition to returning substantial capital to shareholders, we continue to maintain healthy liquidity and a strong balance sheet, providing flexibility to drive growth. As 2019 is getting underway, we are beginning to see the benefits of our unique approach to capital allocation as we both return capital to shareholders and maintain a strong, flexible and liquid balance sheet as good, strategic and accretive M&A growth opportunities are starting to emerge.”

Source : Strategic Research Institute
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Doe zo verder miniature ,ik heb ook al een aardige winst mede door jouw voorspellingen .Luister zeker niet naar degenen die jaloers zijn op jouw portefeuille ;-) ..

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Show _me _the _money schreef op 20 februari 2019 15:29:

Doe zo verder miniature ,ik heb ook al een aardige winst mede door jouw voorspellingen .Luister zeker niet naar degenen die jaloers zijn op jouw portefeuille ;-) ..

Voorlopig zit hij er naast voor vandaag..
sappas
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quote:

Show _me _the _money schreef op 20 februari 2019 15:29:

Doe zo verder miniature ,ik heb ook al een aardige winst mede door jouw voorspellingen .Luister zeker niet naar degenen die jaloers zijn op jouw portefeuille ;-) ..
Als je belegt op voorspellingen van een forumlid dan heb ik echt met je te doen.
Je verdiepen in een aandeel zal je vermoedelijk niet kunnen.
Succes met de voorspellingen van miniature.

Groetjes,

Sappas
miniature
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quote:

TKR schreef op 20 februari 2019 15:32:

[...]
Voorlopig zit hij er naast voor vandaag..
oke op dit moment en ik schrijf 15.53 uur staan we iets hoger door opening 15.30 uur USA, maar geloof mij nu maar deze stijging zakt net zo snel weer weg, met een slot vandaag van circa € 19,65
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TKR schreef op 20 februari 2019 15:32:

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Voorlopig zit hij er naast voor vandaag..
kan best zijn maar miniature durft tenminste zijn/haar nek uitsteken om zijn/haar inzicht aan ons mee te delen en komt volgens mij eerlijk over ...wat van de vele roepers hier niet gezegd kan worden ..
Witpen
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Alle grote staalbedrijven b.v. US steel, Steel Dynamics, AK Steel op of over de hoogste stand van dit jaar. MT echter nog ver daarvan, hoogste stand 2019: 21,60. Kortom: nog een inhaalslag te maken
nonserver
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Dag witpen , dat is ook niet zo moeilijk ,dat is met de meeste aandelen . Ik heb t ook al geschreven dat am nog wat te goed heeft.
rene l
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quote:

Show _me _the _money schreef op 20 februari 2019 16:00:

[...]

kan best zijn maar miniature durft tenminste zijn/haar nek uitsteken om zijn/haar inzicht aan ons mee te delen en komt volgens mij eerlijk over ...wat van de vele roepers hier niet gezegd kan worden ..
Als je hier op het forum meerdere keren per dag precies hetzelfde verkondigd zijn vele posters het gewoon beu.
Vele gewaardeerde posters laten zich inmiddels hier niet meer zien.

Vandaag gehaktdag.
Niet voor Sjorriemans.
Die zit vanavond aan de vrije uitloopwormen die op de millimeter gekweekt zijn.

Volgens mij is Mittal nog steeds een notoire achterblijver met een belachelijk lage kw.
Wat is de exacte reden, werkelijk, ik heb geen idee.
voda
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Venture Minerals reviews West Coast iron ore mining plans in Brazil

The Advocate reported that a new iron ore mine might open on the West Coast amid improving prices and problems in Brazil. Several parties had expressed interest in iron ore from Venture Minerals Limited’s Riley Project. It told the ASX it would review the economics of the Riley Project, near Tullah. It said that followed a significant recovery in the iron ore price and the expressions of interest.

The project, which was opposed by environmentalists led by Save the Tarkine, has been on care and maintenance since.

Venture said that “The current price is now more than 20 per cent higher in Australian dollar terms than it was upon closing.” It said the price had risen by nearly 40 per cent since December, and “with the recent events at Vale’s mines in Brazil, the current price levels could be sustained for at least the near term, which may suit the production ready nature of the Riley Project”.

Vale, the world’s biggest iron ore producer, is cutting production after a dam collapse and has further worries about dam safety

Venture said it had met all necessary requirements to start mining at Riley. “The current price metrics are favourable to a start-up at Riley and further increase in the iron ore price and/or a decrease in the Australian dollar-US dollar exchange rate will only further improve the economics of the project.”

Source : The Advocate
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