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Candelll
0
fibonacci
mittal staat juist boven de 76.4%,koers moet naar 13.76 en dan naar 17.61

voor de aex heb ik deze week volgende aandelen die tussen de 23.6% en 50% staan:
Air france 50%
Corio 38.2%
fugro 50%
Heiniken 23.6%
Royal dutch 23.6%
Imtech 23.6%
TNT 50%
unibail 50%
Unilever 23.6%
Candelll
0
Polen laat klimaattop sponsoren door ArcelorMittal en GM

Voor de tweede keer op korte tijd is Polen gastland voor de jaarlijkse VN-klimaattop. Milieu­organisaties wrijven het land 'sabotage' aan omdat het klimaatonvriendelijke bedrijven als sponsor aanstelt en en passant een steenkooltop organiseert. .

In 2008 bliezen de duizenden afgevaardigden verzamelen in het Poolse Poznan, vanaf 11 november slaat het VN-klimaatcircus de tenten op in Warschau. Nochtans is Polen als het over klimaat gaat de lastigste klant van de EU.

Het land ondernam de laatste jaren pogingen om de Europese klimaatinspanningen af te zwakken. De reden daarvoor is steenkool. In Polen is het zwarte goud het nationale product bij uitstek. Polen is Europa's grootste steenkoolproducent en zowat 94 procent van de Poolse energie komt uit die steenkool. De industrie is goed voor 117.000 banen.

Ook haalt het land zich de woede van ngo's en de Europese groenen op de hals door de VN-klimaattop te laten sponsoren door twaalf van de meest vervuilende en CO2-spuwende fossielebrandstofbedrijven, waaronder ArcelorMittal, PGE, Polens grootste energiebedrijf (dat zes nieuwe steenkoolcentrales plant), oliebedrijf LOTOS en General Motors.
Candelll
0
ArcelorMittal South Africa announces supply agreement with Sishen Iron Ore Company
By Rakhi Mazumdar, ET Bureau | 9 Nov, 2013, 05.37PM IST0 comments|Post a Comment

KOLKATA: ArcelorMittal South Africa, a 51% subsidiary ArcelorMittal has reached an agreement with Sishen Iron Ore Company Ltd (SIOC), a Anglo American group company, relating to long term supply of iron ore. The agreement will become effective from 1 January 2014.

Arcelor and SIOC, a subsidiary of Kumba, had earlier said they were engaged in negotiations for long term supply of iron ore from its mines, including the Sishen and Thabazimbi mines to Arcelor. The new deal, finalized earlier this week, would allow ArcelorMittal South Africa to purchase up to 6.25 million tonnes a year of iron ore from SIOC, complying with agreed specifications and lump-fine ratios, an official statement from ArcelorMittal said. This comes at a time when ArcelorMittal has been growing its own production of iron ore with the aim to achieve raw material security.

While reporting its third quarter performance for 2013, ArcelorMittal had reported its shipped and reported own iron ore production at 14.9 million tonne (mt) up 4.5% year on year even as it had 9.4 mt at market price, a 32% rise year on year.

"The price of iron ore sold to ArcelorMittal South Africa by SIOC will be determined with reference to the cost (including capital costs) associated with the production of iron ore at Sishen mine plus a margin of 20%, subject to a ceiling price equal to the Sishen export parity price at the mine gate. While all prices will be referenced to Sishen mine costs (plus 20%) there is an agreed price for pre-determined quantities of iron ore for the first two years of the agreement," the statement added.

The agreement could also open up possibility for the extension of the life of Thabazimbi mine, which is currently nearing the end of its economic life. SIOC has embarked upon studies to evaluate the viability of extending the life of Thabazimbi mine through the introduction of certain low grade beneficiation technologies, and early indications in this regard are promising.The Thabazimbi mine has operated under the current agreement as a captive cost-plus mine with the costs borne by ArcelorMittal. Under the agreement, the operational and financial risks will pass to Kumba and Thabazimbi mine will become an alternative source of iron ore to ArcelorMittal
voda
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AK Steel announces price increase for carbon steel products

AK Steel said that it will increase current spot market base prices for all carbon flat rolled steel products by $30 per ton, effective immediately with new orders.

Source - Strategic Research Institute
voda
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Sherwin Iron tracks iron ore price higher

Sherwin Iron continues to attract investors, following the strong iron ore price with the company's shares rising 11.1% to AUD 0.15, on volume high at over one million traded.

The stock has now risen over 50% since early October, when the company was trading at below AUD 0.10. Recently Sherwin exported its first 70,000 tonnes iron ore shipment from the Darwin Port, exceeding its customer grade specifications.

A second shipment is forecast for mid November. Helping iron miners in recent days has been a rise in iron ore prices (62% Fe FOB China port) to around USD 135 per tonne.

Source - Proactive Investors
voda
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Higher iron ore price benefits Aussie miners

The price of iron ore has raised again in the last two days hitting USD 135.00 per tonne Fe 62% grade in China from re stocking by steel mills.

Aussie iron ore miners are in the midst of strong market re ratings, after scaling the wall of worry about the iron ore price, China growth and impending oversupply.

Many had incorrectly predicted collapses in all of these. Which iron ore companies worried not one iota as they have booked large increases in earnings from iron ore sales at high prices.

Rio Tinto, Fortescue Metals, BHP Billiton, South Australian iron ore exporter Arrium Limited and newly minted Tasmanian iron ore producer, Shree Minerals are all benefitting from the stronger for longer iron ore price.

Any fall in an overvalued Aussie dollar would see further increase in revenues in Australian dollars, providing further valuation increments. Another to has benefitted mightily is iron ore producer Atlas Iron.

Meanwhile Australian exports of iron ore shipped from Port Hedland released showed exports to China reached a new high in October.

Exports rose to 25.2 million tonnes in October from 22.97 million tonnes in September. This is against 17.63 million tonnes in October 2012.

Source - Proactive Investors
voda
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Brazilian iron ore exports up 12pct in Oct from Sept

According to the information released by the Brazilian Ministry of Development, Industry and Foreign Trade, Brazil's iron ore export volume amounted to 32.52 million tonnes in October this year increasing 12% compared to September and down 0.4% compared to the same month of 2012.

Brazil's iron ore export value in October rose 15.39% compared to the previous month and was up 21.83% YoY totaling USD 3.22 billion.

In October, Brazil's export volume of semi finished products of iron and steel amounted to 562,100 MT increasing 29.52% compared to the previous month and up 25.08% compared to the same month of the previous year, while these exports were valued at USD 274 million increasing 30.02% compared to September and up 12.98% YoY.

Meanwhile, in October Brazil's flat steel exports totaled 60,700 MT decreasing 43.48 percent from September and down 67.54 percent year on year. The revenue generated by these exports in October totaled USD 62.8 million falling 31.96% MoM and down 56.65% from the October 2012 level.

Source - Visit www.steelorbis.com for more
voda
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Carbon glut plan is steel industry burden - ArcelorMittal

ArcelorMittal CFO Mr Aditya Mittal comments on challenges for the steel industry including the European Union carbon price. He was speaking today on a call with reporters. The Luxembourg-based company is the world’s biggest steelmaker.

On challenges facing the industry, he said that “Clearly there are significant issues in the European steel industry. Clearly energy remains a big topic of conversation, flexibility around trying to optimize your footprint is another, and a third is a discussion around carbon dioxide.”

On the EU plan to deal with oversupply in the carbon market by temporarily reducing volumes sold at auction, he said that “The move to tighten emission standards for the next phase is another cost burden. There is no steel company in Europe that can produce at those levels. This is something that the steel industry is challenging. It is clearly a contrary move to the steel action plan. I think we’re not seeing enough concrete action from the steel action plan. The only concrete action we have seen is a tightening of allowances.”

Source - Bloomberg

Candelll
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Op 8 november 2013 hebben de analisten van HSBC hun beleggingsadvies voor ArcelorMittal (MT; ISIN: LU0323134006) herhaald. Het advies van HSBC voor ArcelorMittal blijft "neutraal".

Het koersdoel wordt door de analisten verhoogd van 16,50 EUR naar 16,80 EUR.
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Net bij Harry Mens in Business Class weer een uitgesproken KOOPaanbeveling voor Arcelor MITTAL door Wierda & Parners.! Morgen weer heerlijk omhoog denk ik :-)
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ik hoop het profitmaker, helaas mijn TL's te vroeg gekocht. heb gelukkig de aandelen nog.
voda
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BaoSteel announces Q3 result

BaoSteel Co Ltd released the 3rd Quarter Performance Report 2013 on October 30th. The statistics in the report showed that BaoSteel Co Ltd. achieved the better overall profitability, it keeps playing a role of leader in the metal industry in China.

During the Q3 2013, BaoSteel Co Ltd has completed the iron output of 5.161 million tonnes, the steel output of 5.324 million tonnes, with sales volume of steel billets of 5.563 million tonnes; The company realized the consolidated profit of RMB 1.39 billion. Compared to the same period of last year, the operating profit earned in the Q3 increased by RMB 350 million with increase of 33% excluding the income by selling share equity of BaoSteel Stainless Steel and BaoSteel Special Steel in the Q3 of last year.

In addition, in the first three quarters of this year, BaoSteel Co Ltd has realized a total accumulated profit of RMB 65.7 billion. Compared to the same period of last year, the operating profit earned in first three quarters increased by RMB 22.8 billion, with rise of 53.14%, excluding the earnings made by selling the assets and equity of BaoSteel Stainless Steel and BaoSteel Special Steel.

During the Q3 of this year, the global economy, including China's economy is steady and going up. No obvious change has been found in the demands and supply in iron and steel market, the cost of raw materials and sales prices of steel products bottomed out and began to rise slightly. The medium-sized and large sized domestic iron and steel enterprises has earned minor gains, turning over the page of continuing losses in performance since the first half of this year, however, the whole picture is not too much optimistic, it still maintained a low profit in the whole metal industry.

In the Q3 of this year, BaoSteel Co Ltd confronted with many severe challenges in the production, for example, the No3 BF was stopped and had it revamped, the power supply was cut off and saved to redistribute to the local residents in the hot summer. In spite of these negative factors, each business unit managed to overcome the difficulties in external market and internal organization to production. We still actively catch up with the changeable rhythm of the market by means of keeping the balance between production and sales and optimizing the product mix, the company has achieved the established business target preferablely.

In the fourth quarter, the market is full of uncertainties, the production machine units in BaoSteel Co Ltd are still in a period of annual overhaul, the company will continue to carry forward the well organized production and spare on efforts to control the operating cost, to strengthen the linkage between procurement and sales further, by doing so, BaoSteel Co Ltd strives for remaining constant and stable operating performance.

Source – Strategic Research Institute
voda
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POSCO offers AUD 1 billion collateral for Roy Hill iron ore project

Reuters reported that South Korean steelmaker POSCO will offer its 12.5% stake in Roy Hill Holdings as collateral for the latter's Australia iron ore project, a sign that the AUD 10 billion venture is gaining funding.

POSCO said that the collateral, valued at KRW 1.49 trillion will be offered to export credit agencies in Korea, Japan and the United States and to other companies. The 55 million tonnes per year project has been pushed back because of delays securing AUD 7 billion in debt financing.

Source – Reuters

voda
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POSCO CEO is yet to step down - Report

Herald Corp reported that it seems the embattled POSCO chief executive officer Chung Joon-yang has yet to step down.

The nation’s top ranking steelmaker POSCO was once again shaken by rumors on Friday that its chairman would formally step down at a board of directors meeting on escalating pressure from the Park Geun-hye government.

Mr Chung is considered as a man of the previous administration and in Korean political circles, state run and even formerly state-run companies like POSCO, a new government means a new CEO.

But Mr Chung did not take any such action on Friday, despite pressure for his resignation gaining momentum after telecom giant KT’s chairman Lee Suk-chae quit amid the prosecution’s ongoing corruption probe.

But officials denied the rumors, with one saying, “We are perplexed that rumors on chairman Chung’s resignation would emerge whenever we hold a directorate meeting.”

Another added that “It is regretful that POSCO, which clearly belongs to the private sector, should be swayed by political changes.”

Mr Chung took office as the steelmaker’s chief back in 2009, under the former Lee Myung-bak administration, and was reelected last year for a two year term.

He was also elected last month as new chairman of the World Steel Association, the world’s most influential steel organization, as if to shake off his resignation rumors.

Source - Heraldcorp
voda
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Een bedreiging voor gewoon staal?

World first commercial nanostructured bulk metal

When we think of structural materials, we usually imagine something big, strong and bulky, like steel beams in bridges and buildings, and while we are becoming familiar with composites reinforced with carbon nanotubes and nanofibers, it is yet hard to believe that the structure of bulk homogenous metals can be controlled at the nanoscale with commercial-scale production.

In a paper published in the Science and Technology of Advanced Materials ("The first bulk nanostructured metal"), Bhadeshia introduces the world’s first bulk nanostructured metal in commercial production. The nanostructure controlled high-strength bainitic steel, where the thickness of bainitic ferrite platelets is controlled between 20 and 50 nm.

The review paper explains why nanostructure plays an important role in strengthening materials, and the conditions required to design and develop such “nanostructured” materials. In particular, the biggest challenge is to keep the production cost as low as that of bottled water.

So, what magic is needed to produce low-cost nanostructured bulk steel? The answer is simple keep the bulk at 200 °C for 10 days, which will lead to the formation of plate-like bainitic structure. One deficiency of the material is that it is yet difficult to weld, but the author lays out possible solutions to overcome this.

Source - National Institute for Materials Science

voda
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TATA and Celsa Steel compensated in attempt to prevent 'carbon leakage'

Seventeen companies, including TATA Steel, Celsa Steel and chemical firm Ineos Chlor Vinyls, have been handed millions of pounds in compensation by the government to help them cope with the costs of carbon pricing schemes.

The Department of Energy and Climate Change confirmed reports by news agency Reuters today that since May the government has paid out GBP 16 million to energy intensive firms to help them deal with the cost of the EU's emissions trading system.

The funding comes from a GBP 250 million pot announced by the Department for Business Innovation and Skills earlier this year that also covers costs arising from the UK's carbon floor price.

The first GBP 113 million tranche of support has been made available to specifically help firms cope with indirect costs associated with the EU ETS.

The GBP 250 million package has been labelled a kickback to polluters by some green groups, but the government has consistently argued that it has been targeted to ensure compensation is only made available to those sectors that face competitiveness issues as a result of higher energy prices that could result in them migrating overseas a phenomenon known as "carbon leakage".

A study for the EU published earlier this month found no business in Europe has relocated to another country without greenhouse gas restrictions since the ETS was launched in 2005.

Source - www.businessgreen.com

voda
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ArcelorMittal South Africa sees few signs of state spending

ArcelorMittal’s local unit said that South African steelmakers are seeing few signs of the state’s planned investment in infrastructure projects as a pull back in mining investment adds to lower demand from construction.

ArcelorMittal South Africa Ltd said that “Slow implementation of infrastructure development projects and the low level of fixed investment in the mining sector continued to hamper growth.”

The continent’s largest steel producer posted a profit of ZAR 248 million ($24 million) compared with a loss of 148 million rand loss a year earlier, the Vanderbijlpark-based company known as AMSA said in a statement. Sales increased 15% and production rose 3% as a weaker local currency encouraged exports.

The South African government has said it plans an estimated ZAR 3.6 trillion of projects in energy, transport, water, housing and telecommunications in Africa’s largest economy by 2023. Even so, the National Treasury last month cut its budget for new projects for the year ending March 2014 and said state-owned companies will have to finance their own expansion plans, rather than relying on the government.

Mr Sunil Kumar head of marketing at AMSA said that “We have seen some pick-up in private residential construction, but non residential and the big construction projects still remain relatively slow.”

Source - Bloomberg

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quote:

voda schreef op 11 november 2013 16:29:

Een bedreiging voor gewoon staal?

World first commercial nanostructured bulk metal

When we think of structural materials, we usually imagine something big, strong and bulky, like steel beams in bridges and buildings, and while we are becoming familiar with composites reinforced with carbon nanotubes and nanofibers, it is yet hard to believe that the structure of bulk homogenous metals can be controlled at the nanoscale with commercial-scale production.

In a paper published in the Science and Technology of Advanced Materials ("The first bulk nanostructured metal"), Bhadeshia introduces the world’s first bulk nanostructured metal in commercial production. The nanostructure controlled high-strength bainitic steel, where the thickness of bainitic ferrite platelets is controlled between 20 and 50 nm.

The review paper explains why nanostructure plays an important role in strengthening materials, and the conditions required to design and develop such “nanostructured” materials. In particular, the biggest challenge is to keep the production cost as low as that of bottled water.

So, what magic is needed to produce low-cost nanostructured bulk steel? The answer is simple keep the bulk at 200 °C for 10 days, which will lead to the formation of plate-like bainitic structure. One deficiency of the material is that it is yet difficult to weld, but the author lays out possible solutions to overcome this.

Source - National Institute for Materials Science


Bij Mittal slapen ze ook niet denk ik, op de tech afdeling kijken die ook vooruit.
voda
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ArcelorMittal koersdoel omhoog naar EUR15 van EUR12 - Kepler Cheuvreux
ArcelorMittal advies blijft buy - Kepler Cheuvreux

(END) Dow Jones Newswires
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