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voda 3 april 2014 16:54

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Benchmark iron ore pushes USD 118 per tonne

Business Spectator reported that the price of iron ore has extended its rebound overnight, rallying past the price it was trading at before posting its sharpest one day drop in 4 years just over a fortnight ago.

Benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at USD 117.60 per tonne, a lift on the USD 116.80 price in the previous session.

In the previous session, iron ore posted its biggest one-day rise in nine months, and now looks set to push USD 118 per tonne.

Earlier this month, the price of iron ore charted its largest one day price fall in more than 4 years on persistent fears over China's economy, dropping to as low as USD 104.70 per tonne after closing out the previous week at USD 114.20 per tonne.

Some analysts have cut growth forecasts for China and predicted iron ore prices will sink to around USD 80 per tonne to USD 90 per tonne over the next few years.

Source - Business Spectator.com

voda 3 april 2014 16:56

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China iron ore port stockpile up 1.11pct

Xinhua reported that the iron ore stockpile in China's 25 major seaports rose 1.11% as of March 31 compared to a week earlier.

According to the Xinhua China Iron Ore Price Index, iron ore inventories at the 25 ports rose by 1.17 million tonnes to 107.03 million tonnes. The price index for iron ore imports of 62% purity grade rose 2 from the previous week to 111 by March 31 and the index for iron ore imports of 58% purity grade rose 3 to 100.

The market rebounded slightly during the past week with a higher trade volume. Mainly thanks to an improving iron and steel market and sharp increases in iron ore futures, more enquiries were made at the seaports about the spot prices of imported iron ore last week.

The index closely tracks changes of the country's iron ore market on the basis of in depth surveys of China's major seaports, iron ore traders and steel makers as well as analysis of Customs statistics.

Source - Xinhua

voda 3 april 2014 16:57

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China's daily crude steel production down in mid-March

According to the data from China Iron & Steel Association (CISA), the crude steel production during March 11~20 were 2.096 million tons per day, down only 0.04% from early March.

The output from the CISA members was reported at 1.692 million tons per day, up 1.9% over the same period, and steel stock increased to 17.04 million tons on March 20, increased by 2.3% from March 10 and 4.8% from the end of February.

Source - www.yieh.com

voda 3 april 2014 17:03

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GM honors ArcelorMittal as 2013 supplier of the year

ArcelorMittal was named a GM Supplier of the Year and received the automaker’s Overdrive Award during General Motors 22nd annual Supplier of the Year awards ceremony. The event was held on March 12th 2014 at the Cobo Center in Detroit, Mich.

GM’s exclusive Supplier of the Year honor was presented to only 68 suppliers who have consistently exceeded GM’s expectations by being innovative, delivering quality products and services on time and by creating outstanding value.

Ms Grace Lieblein GM vice president, Global Purchasing and Supply Chain said that “Our suppliers play an important role in helping GM deliver compelling vehicles to our customers. ArcelorMittal has an outstanding track record for consistently meeting our business needs, while also supporting our cultural priorities.”

Mr Gordon O’Neill ArcelorMittal’s global account manager for GM said that “The recognition from General Motors is testament to the commitment from ArcelorMittal employees through the world, working to produce safe, sustainable steel and exceed our customers’ expectations each and every day. It is quite the privilege to be selected in such a competitive process, considering the scope of global suppliers that go beyond steel to include companies that supply services, parts, components, sub systems and other critical products that create today’s modern vehicle.”

Source - Strategic Research Institute

voda 3 april 2014 17:04

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Kazakhstan labor union fights in court for 13th salary for ArcelorMittal

The labor union of metallurgists ZHAKTAU prepared the claim in court in connection with the refusal of the board of the ArcelorMittal Timertau to pay the thirteenth salary following the results of 2013.

The trade union committee on industrial union said that negotiation process gave a zero result. The board of the company insists on lack of opportunity from the financial side to pay a 13th salary.

The management of the company declares that employees didn't earn this money. The labor union of metallurgists ZHAKTAU offered three solutions of a problem, but the board of the company didn't accept any of them.

The ArcelorMittal Timertau a joint stock company is a part of the multinational company ArcelorMittal and the largest enterprise of mining metallurgical sector in Kazakhstan. It consists of the iron and steel works in Temirtau, 8 coal mines in the Karaganda region, 4 mines on production of iron ore in Karaganda, Akmolin and Kostanay areas.

Source - Azh.kz

voda 3 april 2014 17:05

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ArcelorMittal Kryvyi Rih to produce new rebar production

It is reported that ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal, said that the company’s 3rd rolling workshop has begun producing 10 mm deformed bars according to national standard DST U3760:2006 A500 C-class ribbed reinforcing steel.

This rebar is highly weldable concrete steel structure to improve the construction structure such as the construction of bridges, buildings and production facilities.

Source - www.yieh.com

Candelll 3 april 2014 17:38

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do 03 apr 2014, 13:55

Principe-akkoord HES-ArcelorMittal over ATIC

ROTTERDAM (AFN) - HES Beheer en ArcelorMittal hebben een principe-overeenkomst bereikt over de overname van het belang van 78 procent dat ArcelorMittal heeft in de Franse logistieke dienstverlener ATIC Services. Dat maakte HES Beheer, dat al 22 procent van ATIC in bezit heeft, donderdag bekend. Tegelijkertijd meldde HES exclusieve onderhandelingen te voeren met Oxbow Coal over de verkoop van een belang van 50,1 procent in OVET Holding, mits de transactie met ArcelorMittal doorgaat.

Naar HES Beheer detailpagina >

De verkoop aan Oxbow Coal zou, als de aankoop van ATIC doorgaat, noodzakelijk zijn uit oogpunt van mededinging. Tevens zou de opbrengst van deze transactie kunnen worden gebruikt om de overname van de resterende 78 procent van ATIC te financieren. Het restant wil HES financieren via bankleningen.

De partijen hebben nog geen overeenstemming bereikt over beide transacties, maar de gesprekken hebben volgens HES ,,een zodanig stadium bereikt'' dat er een adviesaanvraag aan de ondernemingsraden wordt voorgelegd.

Strategie

Volgens HES past de overname in de strategie om de activiteiten in de droge bulk verder uit te breiden en de internationale spreiding op te voeren. Dat waren voor HES al eerder de overwegingen om een belang in ATIC te nemen.

De transactie zou naar verwachting in juni kunnen worden afgerond

svh21 3 april 2014 19:15

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ArcelorMittal: Time To Buy The Turnaround
Apr. 3, 2014 11:46 AM ET | 2 comments | About: MT, Includes: NSSMY, SLX
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary

ArcelorMittal has a nice turnaround plan in place, and is executing well.
The company is also ramping up its capacity to address steel demand in the long run.
ArcelorMittal is also expecting better steel demand going forward, which will be driven by China and increasing auto demand.
ArcelorMittal (MT) has been going through troubled waters for quite some time. The stock is down 11% this year, but ArcelorMittal is seeing gradual improvements in the business. The company anticipates recovery in the U.S. and European markets this year, and expects steel and iron ore demand to rise with the markets. So, should investors think of jumping into the stock, as it is currently seeing weakness?

ArcelorMittal's recent fourth-quarter results were promising, and management expects improvements and progress on various fronts. It has been able to reduce its net debt by $5.7 billion, and expects better things in the future. Let's take a look.

Turning around

ArcelorMittal is currently chasing a turnaround. It has made improvements at various levels of its business, which was evident in its performance in fiscal 2013, as the company's fourth-quarter shipments were up 4.5% year-on-year. It has also expanded its existing capacity at various locations, such as in Canada, with mining ramped up to 24 million tonnes per annum. In addition, ArcelorMittal has acquired ThyssenKrupp to expand its presence in the growing NAFTA automotive and energy steel markets.

This acquisition also involves its peer, namely Nippon Steel & Sumitomo Metal (OTCPK:NSSMY). Together with Nippon, ArcelorMittal has agreed to acquire ThyssenKrupp's rolling and finishing facility in Alabama. According to management, this acquisition will have a minimal impact on its balance sheet, but it is significant in terms of strategy.

ThyssenKrupp's Alabama facility is one of the most advanced steel finishing facilities in the world, with powerful, state-of-the-art hot strip mill, which is well-suited to address North America's increasing demand for advanced high-strength steel. ArcelorMittal expects this deal to be completed in the current quarter.

Expansion and optimization plans

ArcelorMittal has chalked out expansion plans for other areas as well. In Brazil, the expansion in long steel products is under progress, including a new wire rod mill in Monlevade. It plans to further invest in Juiz de Fora to raise melt shop and rebar capacity, which it expects to be completed by 2015. The construction of VAMA steel complex in China is progressing well, and Arcelor anticipates production to start in the second half this year. And lastly, in Argentina, it is constructing a 400,000 tonne rolling mill to optimize production.

Arcelor is also seeing growth in its mining business. It plans to increase its total iron ore production to 84 million tonnes by the end of 2015. Its second phase of expansion in Liberia is also in full progress, and the company plans to complete this by 2015. Arcelor understands the importance of its assets, and is investing in asset optimization. This includes $1.4 billion for restructuring costs and $800 million for non-cash fixed assets of impairments.

ArcelorMittal is positive regarding the outlook for most economies. In the U.S., fundamentals remain strong, with robust auto sales and appliance demand. In Europe, the manufacturing PMI in January rose to its highest level since early 2011, and has remained above 50 for six months. In China, steel demand remains strong, particularly due to auto production, continued growth in infrastructure investment, and strength in real estate.

Conclusion

Arcelor has a promising forward P/E of 11.06. Management has taken various decisive actions to turn around the business, which makes it an interesting option given the recent weakness in the share price. Investors should definitely consider ArcelorMittal, as the company is slowly and steadily turning around.

svh21 4 april 2014 11:44

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ArcelorMittal US plates go into record-breaking New York bridge

ArcelorMittal plate mills in Burns Harbor, Coatesville and Conshohocken are supplying 160,000 tonnes of high performance steel that will be used in the unique, US$3.9bn “New NY Bridge” project.
The 3.1-mile twin span cable-stayed bridge is the single largest bridge construction project in New York’s history, and the largest transportation design-build project to date in the United States. The project involves upgrading the Tappan Zee Bridge spanning the Hudson River between Rockland and Westchester Counties in New York.
ArcelorMittal USA’s plate mills in Burns Harbor, Coatesville and Conshohocken are supplying their HPS70W high performance steel to two of the projects’ major steel fabricators, High Industries and Hirschfield Industries Bridge for bridge and girder fabrication. A significant amount of Burns Harbor material was also supplied to Berg for the bridge pilings earlier in 2013.
“We were awarded the business because of the proximity of our Eastern plate mills to the fabrication location, and due to the long-standing favorable business relationships with both fabrication companies,” said Jayne Atherton, division manager, order fulfillment and customer service, plate, ArcelorMittal USA. “We have unique combined capabilities at all three of our plate facilities to supply 100% of the plate product: lighter gauge plate from Conshohocken, wide and heavy plate from Coatesville and long quench and temper plate from Burns Harbor. This capability combination is unavailable anywhere else in the world and really sets us apart from our competitors.”
Plans for a new bridge to replace the Tappan Zee were first discussed in 1999 but, after concerns regarding concepts and various projected costs, the project stalled. Then in 2011, under the direction of New York Governor Andrew Cuomo, together with the support of President Barack Obama and the federal government, the project began to move forward.
The first span of the new twin-span bridge is scheduled to open in 2016 and should be completed in 2018. The new bridge will be designed and constructed to last 100 years without major structural maintenance.
The bridge is being designed and built by Tappan Zee Constructors, LLC (TZC), and a consortium of some of the world's best-known design, engineering and construction firms, including Fluor, American Bridge, Granite and Traylor Bros, Inc.
“We are very pleased to have been selected to provide our high performance plate material for this major, historic infrastructure project,” said John Battisti, chief operating officer, ArcelorMittal USA Plate. “Our USA plate team has been keenly involved in weekly meetings with our customers on the planning, development and delivery of these plate products, to ensure they are pleased with our performance during all phases of the project.”
Image top: Water view rendering of what the Tappan Zee Bridge of will look like when completed. (photo credit: Tappan Zee Constructors LLC and HDR Engineering Inc.)
Image bottom: ArcelorMittal Burns Harbor’s new heat treat facility and leveler at the 160” plate mill. Much of the Tappan Zee material goes through the heat treat. (photo credit: Barry Felton, ArcelorMittal)

Kosjie 4 april 2014 12:40

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ArcelorMittal levert staal voor brug New York
VRIJDAG 4 APRIL 2014, 12:29 uur | 3 keer gelezen
LUXEMBURG (AFN) - ArcelorMittal gaat 160.000 ton hoogwaardig staal leveren voor de bouw van een nieuwe brug in de Amerikaanse staat New York. Dat maakte 's werelds grootste staalconcern vrijdag bekend.
Het staal wordt gebruikt voor The New NY Bridge, die wordt gebouwd over de Hudson River ten noorden van New York. De brug, die 3,9 miljard dollar (2,8 miljard euro) gaat kosten, vervangt de huidige 4,9 kilometer lange Tappan Zee-brug en moet in 2018 volledig klaar zijn. De nieuwe overspanning is ontworpen om 100 jaar mee te kunnen, zonder grote onderhoudsbeurten.
Het staal is afkomstig van fabrieken van ArcelorMittal in het oosten van de Verenigde Staten.

voda 4 april 2014 16:57

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Steel defaults seen by S&P as yuan ruins China ore loans

Bloomberg reported that the Chinese steel industry’s ability to survive CNY 1 billion of losses per month without more defaults is under threat as a slump in iron ore and the yuan undermines a key source of financing.

The currency has weakened 2.5% this year and a measure of exchange rate swings reached a record, prompting Goldman Sachs Group Inc to predict funding that uses the steelmaking ingredient as collateral will drop over the next 2 years due to foreign exchange hedging costs. Iron ore prices fell 11% in the past 5 months as cash shortages at closely held mills prompted what Morgan Stanley says is panic selling.

Chinese steelmakers, which account for almost half of the world’s production, can ill afford a funding squeeze as an industry association reported 43% of them made losses in January amid an 8.6% slump in demand from a year earlier.

Nanjing Iron & Steel Company said that its bonds will be delisted, while Caixin magazine reported on March 25 that Shanxi based Haixin Iron & Steel Group can’t repay loans.

Mr Sangyun Han, a Hong Kong based credit analyst at Standard & Poor’s Ratings Services said that “Private steelmakers will see very significant operational problems and funding issues this year, so we could see another default. Higher volatility of the currency is another negative factor in their financing in addition to volatile iron ore prices and weak demand.”

Mr Roger Yuan a Hong Kong based commodity analyst at Goldman Sachs sad that “Most of the iron ore financing deals are in dollars because of lower costs. While some steelmakers have been using iron ore financing deals to improve their working capital as they need the raw material for production anyway, the biggest problem still lies in their operations. That’s big supply and shrinking demand.”

According to Bank of America Merrill Lynch indexes, Chinese companies pay an average yield of 6 percent to sell yuan debt on the mainland, 0.76 percentage point more than a year ago. That compares with 2.84% on corporate bonds globally. The yield on China’s 10 year government bonds has risen 97 basis points in the past 12 months to 4.50%.

Mr Shang Fulin chairman of the China Banking Regulatory Commission said that banks won’t grant loans to highly polluting and energy consuming companies which don’t meet environmental requirements after Premier Mr Li told the nation’s top legislature in March the country has declared war”on pollution.

Source - Bloomberg

voda 4 april 2014 16:57

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Japan April-June crude steel output may dip 4pct YoY on tax hike - METI

Reuters reported that Japan's crude steel output is expected to fall 3.8% in the April to June quarter from a year earlier hurt by a recent hike in sales tax.

The country's trade and industry ministry said the decline, which comes after five straight quarters of gains, was expected as the consumption tax hike to 8% from 5% was seen to dampen consumer spending, hitting demand for cars and houses. But it highlights the daunting challenge facing Prime Minister Mr Shinzo Abe in his quest to raise the sales tax while simultaneously rescuing Japan from years of deflationary stagnation.

According to the Ministry of Economy, Trade and Industry, for the 2013 fiscal year that just ended, the nation's crude steel output surged to 111 million tonnes, a six year high, on the back of strong demand for infrastructure works amid higher government spending and a rush to build houses ahead of the tax hike. But the steel output for the April to June quarter is projected to fall to 27.01 million tonnes from 28.07 million tonnes a year earlier.

Mr Ryuichi Yamashita director of iron and steel division at the ministry said that "Construction demand will drop in reaction to the rushed demand ahead of the sales tax increase. But manufacturing demand is likely to hold steady as shipbuilders' demand is expected to cushion weaker orders from other manufacturers such as automobile makers. Steelmakers have become less concerned about the tax hike since late last year due to the government's stimulus measures and brisk domestic demand.”

Mr Kosei Shindo new president of Japan's top steelmaker Nippon Steel & Sumitomo Metal Corporation said last month that he sees only a short term impact on demand but no lasting damage from a sales tax hike as it will be offset by the government's stimulus programs.

Source - Reuters

voda 4 april 2014 17:00

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AISI update on steel imports into US in March

Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute announced that steel import permit applications for the month of March total 3,485,000 net tonnes. This was a 7% increase from the 3,260,000 permit tonnes recorded in February and 7% increase from the February preliminary imports total of 3,250,000 net tonnes.

Import permit tonnage for finished steel in March was 2,484,000 up 11% from the preliminary imports total of 2,240,000 in February. For the first three months of 2014 (including March SIMA and February preliminary), total and finished steel imports were 9,940,000 net tonnes and 7,166,000 net tonnes respectively, up 29% and 18% from the same period in 2013. The estimated finished steel import market share in March was 25% and is 25% year to date.

Finished steel imports with large increases in March permits vs. the February preliminary included reinforcing bars (up 104%), sheets and strip all other metallic coatings (up 71%), wire rods (up 46%), heavy structural shapes (up 33%), cut lengths plates (up 21%), cold rolled sheets (up 19%), hot rolled bars (up 17%) and line pipe (up 14%). Products with significant year to date increases vs. the same period in 2013 include wire rods (up 97%), plates in coils (up 82%), sheets and strip all other metallic coatings (up 48%), hot rolled sheets (up 42%), reinforcing bars (up 37%), cold rolled sheets (up 30%), mechanical tubing (up 29%), sheets and strip galvanized hot dipped (up 28%), cut lengths plates (up 21%) and oil country goods (up 17%).

In March, the largest finished steel import permit applications for offshore countries were for South Korea (364,000 NT, down 3% from February preliminary), China (229,000 NT up 30%), Turkey (197,000 NT, up 98%), Japan (184,000 NT, up 21%) and Russia (116,000 NT, up 15%). Through the first three months of 2014, the largest offshore suppliers were South Korea (1,172,000 NT, up 22% from the same period in 2013), China (596,000 NT, up 33%) and Japan (508,000, up 13%).

Source – Strategic Research Institute

voda 4 april 2014 17:04

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ArcelorMittal downgraded to Neutral from outperform at Credit Suisse

Credit Suisse downgraded ArcelorMittal citing lack of earnings momentum, valuation and cyclical risk. Price target lowered to USD 17 from USD 20.

Source – Finance.yahoo.com

buffalo1 5 april 2014 12:51

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www.beursduivel.be/column/2648843/sti...

[verwijderd] 5 april 2014 13:02

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quote:
buffalo1 schreef op 5 april 2014 12:51:
www.beursduivel.be/column/2648843/sti...

Nico Bakker......... ?

[verwijderd] 5 april 2014 13:18

0

quote:
voda schreef op 4 april 2014 17:04:
ArcelorMittal downgraded to Neutral from outperform at Credit Suisse

Credit Suisse downgraded ArcelorMittal citing lack of earnings momentum, valuation and cyclical risk. Price target lowered to USD 17 from USD 20.

Source – Finance.yahoo.com

Ja hoor krijgen we dat weer. Hoe is het mogelijk dat je een down geeft. Ook analisten zijn het blijkbaar niet eens. Of is het weer verkeerd gepubliceerd?

gpjf 5 april 2014 14:00

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Manipulatie !!!!!

voda 5 april 2014 15:51

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Rising steel prices to hit construction - IBISWorld

Bizjournals reported that Whether it’s nails going into new homes in south Placer County, or elevator shafts for redeveloped downtown Sacramento buildings many experts expect 2017 to be a busier time in local construction. And when it comes to steel, one study suggests that time will be a more expensive one.

Research by IBISWorld suggests the price of steel will rise by 2.2% annually in the next three years, fueled by increasing demand in the US and steel’s status as a global commodity where desire and production can fluctuate greatly among countries and regions.

Mr Sean Windle business research analyst with IBISWorld in Los Angeles said that “The likely outcome won’t be to slow projects to a halt, but to make developers and builders plan differently, and in some cases, consider alternate materials. Many high rise buildings, for example, use either steel or concrete at their core. Cement prices will be rising at a slightly lower rate than steel. And historically, they’re not as volatile.”

Mr Windle said that “The price of steel rising isn’t unusual, merely a sign construction demand is returning to a more normal cycle. In 2008, prices rose by 20.6% then plunged 25.1% the following year as the recession took full effect.”

He said that two types of construction that might be affected are infrastructure, which many experts have pointed out in California needs considerable upgrades or additions in the near future and transit-oriented development, which has become trendy in urban planning.

Source – Bizjournals.com

voda 5 april 2014 15:52

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ArcelorMittal hopes to complete Karnataka land acquisition by March

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.

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."

In the 2012 annual report, the company had said that balance was being processed for allocation by the state without giving any timeframe. It also hopes to start fencing the entire area by March.

It said that "The company is also in the process of finalising 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.

It said that the Karnataka government has also approved the project's use of water from Tungabhadra River. The company has applied for mining leases, although following a recent Supreme Court order relating to illegal mining activities in the state the allocation of new mining leases in Karantaka have been put on hold.

Last July, ArcelorMittal decided to scrap its proposed steel project in Odisha due to delay in getting nods for land, mining, construction and so on. However, it is working on setting up the proposed 3 million tonne per annum steel plant in the first phase in Jharkhand. It said that Adequate land is sought under the State Government Consent Award scheme.

Source - PTI

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Koers	24,050
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Volume gemiddeld	2.501.715
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23 apr	Mondiale staalproductie daalt toch weer
16 apr	Deutsche Bank haalt ArcelorMittal van...	1
12 apr	Video: cyclische aandelen bieden kansen
09 apr	World Steel Organisation ziet vraag n...
22 mrt	Mondiale staalproductie in de lift
12 mrt	ArcelorMittal neemt groot belang in V...
05 mrt	Beursblik: experts vinden koerswinst ...
23 feb	Mondiale staalproductie daalt opnieuw
08 feb	ING: ArcelorMittal doet het beter dan...
08 feb	Fors verlies voor ArcelorMittal

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