Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

voda
0
Kom ik mijn naam tegen. :-)

Banker Steel Completes Structure Vanderbilt project in New York

WDBJ7 reported that Banker Steel Company announced the completion of the structural steel for the One Vanderbilt project in New York. The steel used in One Vanderbilt was fabricated in the Virginia and New Jersey plants of NYC Constructors, a subsidiary of Banker Steel Company. One Vanderbilt’s tiered steel tower is complete at 1,401 feet, the tallest office tower in Midtown Manhattan, and topped with a 100-foot architectural spire. The project was designed by Kohn Pedersen Fox and Tishman Construction contracted Banker Steel to construct and erect the structural steel. The skyscraper is scheduled to open in 2020.

Mr Don Banker, CEO and co-owner of Banker Steel Company said that “One Vanderbilt offered a challenging project at which we excel. We were able to deliver a vertically integrated solution in a timely manner through the multi-faceted fabrication processes at our plants and our subsidiary NYC Constructors to furnish and erect the structural steel and meet the critical schedule.”

Source : Strategic Research Institute
voda
0
O’Neal Industries Acquires G&L Manufacturing

O’Neal Industries Inc recently announced the acquisition of the assets of G&L Manufacturing, headquartered in Cookeville, Tennessee with a second facility in Denver, Colorado. G&L is a leading North American manufacturer of small diameter, thin wall tubing in stainless steel, nickel alloys, titanium, and Monel®. Their products are produced for blue-chip OEM and Tier 1 customers serving diverse applications such as heating elements, vehicle fuel systems, HVAC and other heat and corrosion-resistant applications. They utilize proprietary metal forming and seam welding technology, established over a 37-year operating history.

The company name will retain its name and “An ONI Company” will be added as a tagline to their logo.

Source : Strategic Research Institute
voda
0
Metalloinvest’s Lebedinsky GOK Reconfirms Compliance of OHSMS

Lebedinsky GOK part of Metalloinvest has passed a recertification audit of its occupational health and safety management system in line with the new ISO 45001:2018 standard. This standard governs the development and implementation of management systems related to ensuring the protection of employee health and safety and maintaining safe working conditions. It prioritises occupational safety as an integral component in successful business development. The audit at Lebedinsky GOK took place from 9-13 September and was conducted by specialists from the British Standards Institution, renowned as the world leader in international certification.

Experts praised the organisation of working areas, the provision of appropriate workwear and other means of individual protection to staff, the work undertaken to prevent accidents, the quality of the plant’s documentation procedures and its compliance with legal requirements. The auditors also noted the high competency level of employees responsible for environmental protection and industrial safety.

Mr Anatoly Putyrsky, lead auditor of the British Standards Institution, commented that “The key focus areas of our inspection included monitoring activities around labour protection, industrial safety and the occupational health of employees. The development of labour protection and industrial safety is positive and even somewhat exceeds the new requirements for international standards.”

Source : Strategic Research Institute
voda
0
Metalloinvest Announces new EUR 300 million Credit Line Agreement

Leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel Metalloinvest announced the opening of a new credit line for pre-export financing with a club of international and Russian banks. The PXF-2019 loan amounts to EUR 300 mn and has a 4.25 year tenor with a quarterly amortisation after the grace period set at 3.75 years. The interest rate is fixed for the entire loan period.

The agreement has been reached in accordance with the Company’s Debt Management Strategy. After disbursement, the funds will be used to improve the commercial terms of the Company’s loan portfolio, including through enhancement of the maturity profile, diversification of foreign currency liabilities and a reduction in borrowing costs.

Source : Strategic Research Institute
voda
0
Severstal’s Cherepovets Works Invests in Equipment for Collection of Petroleum Products

Severstal’s Cherepovets Steel Mill has implemented an environmental investment project aimed at improving the quality of wastewater worth about 15 million rubles. In particular, an oil and gas separator was installed on the industrial collector of the heat and power center-steam-blowing station (TPP-PVS), which makes it possible to delay oil products. It is a cleaning system with sponge filters. The oil separator is located underground with the output of wells to the surface for maintenance. Caught petroleum products are handed over for regeneration. According to the technical characteristics of the treatment device, the content of petroleum products after treatment at the industrial waste water of TPP-PVS will be halved. The captured volume of pollutants will in fact become known at the end of the year.

The event on the installation of a trapping device for oil products at industrial waste water at TPP-PVS was included in the plan for reducing pollutant discharges, agreed with the Office of Rosprirodnadzor in the Vologda Oblast.

The company intends to evaluate the environmental effect of ongoing water conservation measures, including the above, through monitoring of biological diversity - an important part of environmental monitoring. Such an agreement to assess the impact of CherMK on biodiversity p. Costa Severstal concluded this year with the Scientific Research Institute of Inland Water Biology named after I.D. Papanin.

Source : Strategic Research Institute
voda
0
Beursblik: Oddo haalt ArcelorMittal van kooplijst

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ArcelorMittal
13,026 -0,806 -5,83 % Euronext Amsterdam

(ABM FN-Dow Jones) Oddo BHF heeft het advies voor ArcelorMittal verlaagd van Kopen naar Reduceren.

Volgens de analisten zal de staalreus een lastig einde van het jaar kennen, en dat voorspelt tevens weinig goeds voor 2020.

Oddo besloot tot de adviesverlaging na de winstwaarschuwingen van verschillende Amerikaanse staalgiganten, waaronder US Steel en Nucor, voor het derde kwartaal.

Zo verwacht US Steel een aangepast verlies per aandeel van 0,35 dollar. Dat is flink slechter dan de consensus van de door Factset geraadpleegde analisten, die uitgaan van een verlies van slechts 0,10 dollar per aandeel.

Nucor verwacht dat het over het derde kwartaal een winst tussen de 0,75 dollar tot 0,80 dollar per aandeel zal halen. Een jaar eerder was dit nog 1,26 dollar en in het tweede kwartaal van dit jaar zelfs 2,13 dollar.

Het aandeel ArcelorMittal daalde maandag 5,97 procent naar 13,05 euro.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.
voda
0
Zorgen in staalsector nemen toe

Gepubliceerd op 23 sep 2019 om 11:24 | Views: 2.177

ArcelorMittal 12:02
13,02 -0,82 (-5,90%)

TOKIO (AFN/BLOOMBERG) - De internationale staalsector voelt steeds meer druk van de handelsspanningen, de afkoelende wereldeconomie en politieke onrust rond bijvoorbeeld de brexit. Grote staalmakers in Azië en de Verenigde Staten luiden de noodklok, terwijl ArcelorMittal eerder al zijn verwachtingen voor de staalvraag heeft verlaagd.

De voorzitter van de Japanse staalbranchevereniging zegt dat er duidelijk sprake is van een gevoel van afzwakking in de industrie. Vorige maand kwamen de grote Japanse staalbedrijven Nippon Steel en JFE Holdings al met winstwaarschuwingen, recent gevolgd door waarschuwingen van de Amerikaanse branchegenoten U.S. Steel, Nucor en Steel Dynamics.

Maandag stond de Europese staalsector stevig onder druk, door onzekerheid aan het handelsfront en tegenvallende cijfers over de Europese industrie. Zo daalde de koers van ArcelorMittal in Amsterdam met 6,4 procent, ook mede door een adviesverlaging van Oddo BHF. Het Duitse Salzgitter ging 5 procent omlaag in Frankfurt, terwijl Thyssenkrupp meer dan 3 procent verloor. Ook roestvrijstaalbedrijven hadden het lastig met een min voor bijvoorbeeld Aperam van 3,2 procent.
voda
0
Steel Ministry Organizing Chintan Shivir

India’s steel ministry is organizing Chintan Shivir: Towards a Vibrant, Efficient and Globally Competitive Indian Steel Sector at Zoravar Auditorium, Manekshaw Centre, New Delhi, on September 23rd 2019. Mr Dharmendra Pradhan Minister of Steel, Mr Faggan Singh Kulaste Minister of State for Steel, Mr Nitin Gadkari Minister of Road Transport & Highways and Micro, Small & Medium Enterprises, Mr RK Singh Minister of State Power and Mr Arjun Ram Meghwal Minister of State, Parliamentary Affairs and Heavy Industries & Public Enterprises, Government of India are expected to grace the event. Steel ministry said “Despite short-term challenges and the current slowdown, it is believed that India's long-term growth story remains intact. This growth must be backed by the steel sector by making the industry principally and fundamentally stronger.”

Source : Strategic Research Institute
voda
0
SBI & PNB Guilty of Dereliction of Duty in Evaluating Bhushan Steel Ltd - SIFO

Economic Times reported that Serious Fraud Investigation Office probe team dealing with financial fraud has told a Delhi court that State Bank of India and Punjab National Bank were guilty of dereliction in the performance of their duties’ while assessing the credit worthiness of Bhushan Steel allowing the debt-laden steelmaker to avail credit that later bled the lenders. SFIO report has been shared with the Reserve Bank of India and Department of Financial Services so that the banking regulator and the DFS can enquire and take appropriate action against the bankers concerned.

The SFIO report showed that the two banks failed to resolve the issue of non cooperation by BSL that Deloitte Haskins & Sells had raised. Red flags in the forensic audit of long-term capital gains and a report by audit firm Kroll alleged that diversion of funds by ex-promoters of BSL was never discussed in the joint lenders forum or the steering committee, comprising of the six major lenders to BSL.

According to the probe report, DHS completed the forensic audit for 2012-14 and 2014-16 periods, and submitted its pre-final reports to SBI between August and November, 2016. The legal counsel was advised to present its views on the finding of the forensic audit conducted by DHS, concluded “No commission of malfeasance, fraud or siphoning of funds by BSL could be established from the forensic audit report covering the period 2012-14 and 2014-16."

The Steering Committee, based on the report of the legal counsel, decided that PNB being recipient of the letter from RBI, for conducting audit on BSL, would reply to the RBI queries on the forensic audit report. However, the SFIO probe revealed that “DHS in its forensic audit report had never concluded that letters of credit were genuine. Rather it was mentioned that supporting documents of 1932 transactions aggregating to INR 39,062 crore recorded in the BSSL-ORISSA ledger account were not provided. DHS identified 8 LC transactions amounting to INR 194 crore where funds were received from the beneficiaries of the LCs, but no supporting documents or reasons for these transactions were provided by either BSL or the banks.”

The agency’s report states that the letter sent to RBI was allegedly tweaked by officials of SBI and PNB in such a manner that vital facts were suppressed and comments of the management of BSL were conveyed as the observation of Deloitte in the forensic audit reports.

Economic Times
economictimes.indiatimes.com/industry...

Source : Economic Times
voda
0
Tenova get Order for 3 Tenova iRecovery Systems from Tangshan Zhengfeng Iron & Steel

Tenova a Techint Group company specialized in innovative solutions for the metals and mining industries, was recently awarded three iRecovery ® (intelligent waste heat recovery systems) by Tangshan Zhengfeng Iron & Steel Co., LTD, in Hebei Province,China. Following the Consteel Evolution ® commissioning, Tangshan has decided to further invest in Tenova’s technology solutions. Tenova iRecovery ® systems will be applied downstream of the new Consteel Evolution to recover the waste heat and to use it for the production of steam, which will then be available for the existing power plant.

Tenova iRecovery ® offers high environmental standards for production compared to traditional steelmaking processes. Tenova iRecovery ® , with more than twelve references worldwide four of which are located in China - is considered the best available proven technology in terms of balance/mix between innovation, reliability and sustainability.

Mr Cristian Cattalini, Product Line Director, Tenova Metals - Environmental Technologies said that “The EAF Consteel® iRecovery configuration represents the worldwide state-of-the- art technology for what concerns electrical steelmaking sector and it will set an ambitious technological reference for Tenova in China and around the world."

Source : Strategic Research Institute
voda
0
Liberty Primary Steel Australia in Steel Dumping Spat with Hyundai Steel

AFR reported that Liberty Primary Steel operations in Australia has accused Hyundai Steel of being disingenuous and hypocritical as tensions rise over the issue of anti-dumping in the steel industry. Liberty, which operates the Whyalla steelworks, told the Anti Dumping Commission that Hyundai Steel's attempt to absolve itself from responsibility for its own significant dumping by suggesting that the Australian industry made it do it was entirely hypocritical. Liberty argues in other submissions to the review that its own customers continue to use the prices of dumped products, or prices influenced by dumped products, to negotiate lower prices.

The Anti-Dumping Commission will next month make a ruling after an extensive review of anti-dumping measures for hot-rolled structural steel from Japan, Korea, Taiwan and Thailand.

Source : AFR
voda
0
Manila Bureau of Customs Audits Five Steel Firms in Philippines

Manila Times reported that at least five of the Philippines’s big steel companies are now the subject of an ongoing post-audit by the Bureau of Customs to determine if they had paid proper duties and taxes to the government and, more importantly, if specifications of their steel importations had met safety standards. Customs Assistant Commissioner Philip Vincent Maronilla disclosed that one of the firms is being audited on billet importations. Maronilla told The Manila Times that “This is industry-wide. We are auditing at present four to five steel companies, but there will be more as we go on.”

According to the BoC official, they would submit their initial findings this month to the Department of Finance and also to the Bureau of Internal Revenue in connection with deficiency taxes. He reiterated that all steel importations are now undergoing thorough inspection to ensure that proper duties and taxes had been paid and, in coordination with the Department of Trade Industry-Bureau of Product Standard to determine if the steel shipments had complied with the required standards and specifications.

Mr Maronilla said technical expertise in determining the standards of steels products from abroad lies with the BPS, thus the need for DTI’s trained personnel to be present during the inspection. He added that “As far as product standard[s] [are] concerned, we defer to the DTI. We presume that once there is a PS (Philippine Standard) mark, it is legitimate. But, just the same, we are working with the BPS and with the Fair Trade and Enforcement Bureau to plan out and conduct a series of examinations outside.”

Customs Commissioner Rey Leonardo Guerrero earlier ordered the post-audit and quality standard check of all steel importations over reports that substandard steel materials are flooding the Philippines, putting at risk structural soundness of infrastructure amid an ongoing construction boom in the country.

www.manilatimes.net/2019/09/21/news/t...

Source : Manila Times
voda
0
New Zealand Commission to Appeal Steel & Tube Sentence

Scoop reported that New Zealand Commission has filed an application for permission to appeal against the sentence imposed on Steel and Tube Holdings Limited (Steel & Tube) for false and misleading representations about steel mesh products. Last month Justice Duffy imposed a NZD 2.009 million fine on Steel & Tube in the Auckland High Court in relation to 24 charges under the Fair Trading Act.

The Commission is seeking leave to appeal to the Court of Appeal on the bases that the Judge erred when sentencing the company, by
Failing to properly attribute the knowledge of a Steel & Tube manager to the company
Applying an excessive totality discount to the penalty
Failing to adequately take into account the size of Steel & Tube and the potential for it to gain from the conduct

As this matter is before the Courts, the Commission will not be commenting further at this time.

Source : Scoop
voda
0
Steel Minster Mr Pradhan Reviews Performance of NMDC Limited

Union Minister of Petroleum & Natural Gas and Minister of Steel Mr Dharmendra Pradhan visited the Head Office of NMDC Limited at Hyderabad on 21.09.2019. The Minister met CMD, Directors and employees of the company and reviewed NMDC’s performance in presence of G Kishan Reddy Minister of State for Home Affairs. Mr Pradhan said NMDC being one of the largest mining companies in India should focus on increasing iron ore production and that this will have the benefit of keeping prices in check and ensuring equitable supply of raw material to all steel producers. He further asked NMDC to carry-out sustainable and responsible mining using digital means. The Minister directed that the execution and commissioning of the ongoing projects especially NMDC Iron and Steel Plant should be monitored regularly so that it can be completed on priority.

Mr Pradhan also reviewed the Slurry Pipeline Project of NMDC.

Source : Strategic Research Institute
finance2u
0
quote:

voda schreef op 23 september 2019 12:18:

Beursblik: Oddo haalt ArcelorMittal van kooplijst

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ArcelorMittal
13,026 -0,806 -5,83 % Euronext Amsterdam

(ABM FN-Dow Jones) Oddo BHF heeft het advies voor ArcelorMittal verlaagd van Kopen naar Reduceren.

Volgens de analisten zal de staalreus een lastig einde van het jaar kennen, en dat voorspelt tevens weinig goeds voor 2020.

Oddo besloot tot de adviesverlaging na de winstwaarschuwingen van verschillende Amerikaanse staalgiganten, waaronder US Steel en Nucor, voor het derde kwartaal.

Zo verwacht US Steel een aangepast verlies per aandeel van 0,35 dollar. Dat is flink slechter dan de consensus van de door Factset geraadpleegde analisten, die uitgaan van een verlies van slechts 0,10 dollar per aandeel.

Nucor verwacht dat het over het derde kwartaal een winst tussen de 0,75 dollar tot 0,80 dollar per aandeel zal halen. Een jaar eerder was dit nog 1,26 dollar en in het tweede kwartaal van dit jaar zelfs 2,13 dollar.

Het aandeel ArcelorMittal daalde maandag 5,97 procent naar 13,05 euro.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.
Het verschil tussen de vorige voorspelling en de huidige (-0,06 naar -0,35 cent per aandeel) is volledig toe te schrijven aan een eenmalige post van 53 miljoen door grote brand en herstructureringskosten (ussteel)
voda
0
Working Group Appointed for Kalinganagar Steel Cluster

Daily Pioneer reported that in with the first steel cluster coming up in Kalinganagar, the Government of India has appointed a working group for the cluster to work out details on the ambitious project. The Ministry of Steel has formed the working group, which will create concept plan for the steel cluster and it will work under a task force earlier formed by the MoS. The task force will be chaired by the Union Secretary Steel and co-chaired by the Chief Secretary of Odisha. In the working group, members will be Joint Secretary, Steel, Government of India, representatives of departments like Finance, Industries, Works, Idco, Power DISCOM, Water Resources of Government of Odisha. From the industry sector, representatives of Tata Steel, Jindal Steel Limited and Neelachal Ispat Nigam Limited are taken as members.

While former Chief Secretary Bijaya Kumar Patnaik has been taken as special invitee in the working group, former CEO of Bhilai Steel Plant AK Rath is also included as special invitee. Both Patnaik and Rath are experts in their field and as Patnaik has served as the Chief Secretary of Odisha for a long time and has been active in facilitating the industrialisation in the State, his expertise will be valuable

The working group will identify nature and type of industries required for the cluster and mostly what type of downstream and manufacturing industries are needed to be included. An official said downstream industries like nuts, bolts, foundry, fabrication, re-rollers mills will be accommodated in the steel cluster.

Land Bank and its size will be determined by the working group and development of common facilities will be worked out. The Ministry of Steel has planned steel clusters in various parts of the country. However, Kalinganagar is the first steel cluster in the country to come up on a fast-track basis.

Source : Daily Pioneer
voda
0
Andhra Pradesh CM Wants South Korean Firms to Build Steel Plant in Kadapa

Hindu reported that Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has exhorted a delegation of South Korean companies that met him under the leadership of Consul General Jeong Deok Min, to set up a steel plant in Kadapa district and develop an MSME cluster, besides investing in food processing, and agriculture and allied sectors. The delegates called on Chief Secretary LV Subrahmanyam and Principal Secretary to the CM, Ajeya Kallam at the Secretariat and deliberated on investment opportunities in the State. Mr Subrahmanyam exhorted them to invest in AP, particularly in automobile manufacturing and food processing sectors, and cooperate in increasing the production of seafood and export of mangoes to markets abroad.

Mr Subrahmanyam said that the State government would extend support if the South Korean companies come forward to develop a Korean Industrial Complex. He said A.P. was looking forward to the establishment of automobile manufacturing units by South Korean firms in Visakhapatnam - Chennai and Chennai -Bengaluru industrial corridors, for which there were good facilities backed by a robust policy framework.

Source : Hindu
voda
0
Rama Steel Tubes Incorporates Subsidiary in Nigeria

Rama Steel Tubes announced that RST International Trading FZE Dubai, a wholly owned subsidiary of the Rama Steel Tubes, has incorporated 'RST Industries Limited', as subsidiary company in the Federal Republic of Nigeria to tap business opportunities and to cater diversified demand of the customers in that region. RST International Trading FZE holds 90% shares in RST Industries.

Consequently, RST Industries Limited has become a step down subsidiary of the Company.

Source : Strategic Research Institute
voda
0
Dozens Employee laid Off at Delta steel plant

NEWS 1130 reported that over a dozen employees have been laid off at a steel fabricator in Delta that has a long history of taking on large projects such as the Port Mann Bridge and the second Vancouver Trade and Convention Centre. The union representing the workers is not directing its anger at the company, though, but at the federal government. Supreme Steel is the second largest private steel fabricator in Canada and announced last month it was closing plants in the face of tariff uncertainty. The plant in Winnipeg will close at the end of the month, while the facility in Delta will shut down next September. Sixteen employees in Delta have been given their pink slips, bringing the total workforce down to about 50.

The announcement comes weeks after the federal government decided to drop duties on fabricated steel coming from China, South Korea and Spain. In May, 2017, anti-dumping duties were imposed on those imports when the Canadian International Trade Tribunal determined the imports had caused injury to domestic producers.

Source : Strategic Research Institute
voda
0
Metinvest Group Statement on Dnipro Coke & DMK

Metinvest said “Inaccurate information has been spreading in the Ukrainian media, alleging that Metinvest Group is seeking to monopolies the coking industry. We view such reports as an attempt to place pressure on the Group and discredit its reputation. The application for a permit to acquire PJSC Dniprovskiy Coke and Chemical Plant was filed with the Antimonopoly Committee of Ukraine back in 2014. As such, the Group has been waiting to receive the permit for nearly five years. Ultimately, the Antimonopoly Committee of Ukraine has allowed Metinvest to acquire Dnipro Coke under unprecedentedly strict conditions, including an obligation to sell products to third parties for seven years following the transaction.”

It said “The Group is not affiliated with and does not control PJSC Dniprovskiy Metallurgical Plant. Metinvest has supplied raw materials to enterprises of the ISD group, including DMK. At the same time, understanding the importance of the metallurgical industry for Ukraine, the Group effectively credited its competitors (ISD) and supported them during challenging times, supplying the raw materials they needed under deferred payment terms. The amount of DMK’s accumulated debt to Metinvest totals almost US$700 million. DMK is currently undergoing bankruptcy proceedings. In this case, Metinvest acts as a creditor that expects the payment of debt from DMK. As such, Metinvest is in no way exercising control of DMK.”

The Group affirms that the companies Mastinto Trading Limited, Misandyco Holdings Ltd, Treimur Investments Limited and Altana Limited, which acquired a stake in PJSC Pokrovsky Mine Management, are in no way its “trustees”, but rather are its business partners in several investment projects that have their own interests and goals.

Source : Strategic Research Institute
35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 1064 1065 1066 1067 1068 1069 1070 1071 1072 1073 1074 ... 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 17:35
Koers 23,830
Verschil +0,030 (+0,13%)
Hoog 23,880
Laag 23,440
Volume 2.845.773
Volume gemiddeld 2.432.086
Volume gisteren 2.676.573