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Nieuws en info hier plaatsen (deel 4)

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Dit begint op een giftige cocktail te lijken...
China bouwt een enorme voorraad op een staal en dat zal eens een keer in de markt te voelen zijn (minder vraag uit China of China dumpt het overtollige staal op de wereldmarkt). Of.... zou de vraag binnenlands toch ineens heel hard aan kunnen trekken? Dan zal er toch heel wat moeten gebeuren.

Oekraïne op rand faillisement, daar probeert de internationale politiek te redden wat er te redden valt, maar dat gaat effect hebben op de landen er omheen. (Hoe groot weet ik niet, daar hoor je niemand over, alleen dat een beeld is weggehaald, AM zou er verstandig aan doen een bericht te plaatsen waar het meldt dat de productie gewoon door kan blijven gaan, ondanks de politieke onrust).

Daarnaast het geklungel met die valuta's in de BRIC's (waarbij Brazilië een belangrijk productieland is). Lagere kosten, omdat de valuta's in waarde depreciëren, maar de koopkracht binnen die landen rent ook achteruit.
Qua productie hoeft men niet te klagen, qua prijs en volume kan het nog wel eens gaan donderen binnen 3 á 6 maanden.

Ik zie, als ik even snel in mijn scherm kijk, dat er weer 20 eurocent van af is. Voorlopig wacht ik op een bodem in het technische plaatje, maar dat kan nog wel even duren tot die tijd blijf ik aan de zijlijn.
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www.bloomberg.com/news/2014-02-21/vic...

Manufacturing Weakens

A Chinese manufacturing index fell to the lowest level in seven months for February, with a preliminary reading of 48.3 for a Purchasing Managers’ Index released yesterday by HSBC Holdings Plc and Markit Economics. A number below 50 indicates contraction. The yield on China’s 10-year government bonds has risen 96 basis points in the past 12 months to 4.53 percent on Feb. 19.

“China can have lots of imports but eventually these imports will still need to be sold and absorbed in the domestic market,” said Sijin Cheng, an analyst at Barclays Plc. in Singapore. “If underlying demand doesn’t pick up it will slow that trade and we might see prices in China becoming very weak.”


Dit is potentieel het grootste risico.
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LONDON--ArcelorMittal MT +0.06% , the world's largest steel maker, is forecasting slower growth in Chinese steel demand this year due to more muted construction demand growth stemming from a credit squeeze on property investments, the company's chief financial officer said Friday.

The Luxembourg-based company expects steel demand in China, the world's largest steel-consuming nation, to grow by as much as 4.5% this year after growing 7% last year, Aditya Mittal told journalists on a call.

Steel demand in the U.S. is forecast to grow by as much as 4.5% this year after more modest growth last year, the company said, while demand in the European bloc of 28 member states is forecast to rise by as much as 2.5% after contracting last year.

Mr. Mittal said that ArcelorMittal is still reviewing its Eastern European steel plants, but doesn't expect to embark on a major restructuring program of those assets.

"It remains an area that we are reviewing [but] assuming that the demand levels continue to improve as we are forecasting, perhaps there won't be an asset-optimization requirement in East Europe," he said. "We need to be careful when we're looking at our asset base so that we don't cut capacity and then in a few years...need that capacity in order to maintain [market] share as the market grows."

At its Asian, Africa, and Commonwealth of Independent States division, which comprises six steel plants and several captive iron-ore mines, the company plans to focus on improving operational performance rather than carrying out a major restructuring program because it expects emerging-market steel demand to pick up in the future, Mr. Mittal said.

The company is reviewing the lifting of trade sanctions on Iran to see whether it could sell more steel to the country, Mr. Mittal said. Before the 2010 trade sanctions, Iran was a large consumer of steel produced by ArcelorMittal's Kazakhstan steel plant.

Write to Alex MacDonald at alex.macdonald@wsj.com

Subscribe to WSJ: online.wsj.com?mod=djnwires
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Ik kan de actual iron ore price nergens vinden. ARC.MITT. houdt rekening met een gemiddelde staalprijs van $120,- dit jaar.
marcobol
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coeffie
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We blijven wel mooi liggen rond de 11.50 (kunnen we hopelijk in deze dagen weer een x omhoog)
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quote:

marcobol schreef op 26 februari 2014 12:41:

ore price is hier dagelijks te volgen; inclusief het verhelderende comment van de ore-traders:
www.macrobusiness.com.au/2014/02/dail...
$119,10

Dat is onder het budget, auw.
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quote:

coeffie schreef op 26 februari 2014 15:41:

Kan iemand me vertellen waarom we de laatste dagen steeds zakken
Politieke onrust in Oekraïne (staat een grote mijn van Arc.)
China bouwt een gigantische voorraad metaal op, waarvan het de vraag is hoe het wordt verteerd (binnenlands in China of op de wereldmarkt), gevolg: dalende metaalprijs.
voda
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Bottoming steel scrap and billet levels might kick start buying activity

After severe mauling over the past 3 weeks during with scrap and billet levels plummeted by USD 30 per tonne and USD 15-20 per tonne respectively bottom seems in vicinity.

Some recent transactions of rebar and billet UAE and Turkish mills albeit at low levels indicates increasing interest in buying lest the price goes up with warming weather.

It is learnt that scrap levels have bottomed out USD 345-350 per tonne level whereas billet from Black Sea has already touched nadir at USD 485 -490 per tonne. Undoubtedly buyers in UAE have been able to squeeze rock bottom levels for rebar owing to low scrap levels. Recent deal has been reported at USD 565 per tonne CFR, (Theoretical wt) about USD 5 per tonne lower than the last deal prices.

Like-wise in billet Turkish mills have opened buying having concluded deal at USD 485-490 per tonne FOB Black Sea.

Coming days are expected to throw up better levels with buying activity picks up owing to low price levels and improved construction activity during summer.

Source – Strategic Research Institute
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China steel sector troubles can not be solved easily - CISA

Reuters reported that China's steel industry will not see a quick end to its troubles as overcapacity has reached staggering proportions and structural adjustments to the economy have complicated the sector's situation.

The nation's top steel association said that the world's largest steel industry has been struggling with overcapacity for years, causing mills to suffer razor thin margins and saddling them with debt.

Mr Li Xinchuang executive vice secretary general of the China Iron & Steel Association said that overcapacity in the sector was probably beyond our imagination

He added that “The sector was facing an extremely complicated situation as a result of slowing growth, structural adjustments in the economy and policies to close old capacity. However, demand was still rising steadily, which, combined with the desire to gain market share, has prompted mills to continue adding capacity.”

Mr Li said that "These are problems we cannot solve quickly. Iron ore imports by the world's top buyer is expected to reach 870 million tonnes in 2014, with growth decelerating by four percentage points from last year's 10.2%.

Source - Reuters
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Chu Kong Steel Pipe won new orders 82000 tonnes of steel pipe

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited in China announced that the Group has won 4 new sales contracts for 82,000 tonnes of steel pipe recently. The Group has well-equipped with its strategic plan for the upcoming growth.

The Group has recently entered the following major sales contracts (the Contracts) with independent third parties for supplying of an aggregate of approximately 82,000 tonnes of the steel pipes, with a total contract value worth approximately CNY 478 million. The Contracts are expected to be delivered in 2014 including:
1. Longitudinal submerged arc welded steel pipe for the project in South America;
2. LSAW for the gas transmission in the Central Asia Gas Project;
3. LSAW for the gas transmission in the East China Huangyan Offshore Gas Project; and
4. LSAW and spiral submerged arc welded steel pipe for the use of construction materials in Hong Kong Zhuhai Macau Bridge Project.

Mr Chen Chang chairman of the Group said that "The Contracts will provide financial contribution to the Group, as well as to provide a solid proof that our products are able to apply in different areas and to solidify the Group's advanced position in providing high-end steel pipe products for natural gas industry and Offshore Engineering Equipment Industry. Our advanced products have been recognized by both local PRC and overseas clients whom we have been receiving orders from, worldwide. As an industry leader of high quality LSAW steel pipes manufacturing in the PRC, we will cope with the government policies in natural gas and new marine resources. Our R&D team will continue inventing new high end products to support our state's energy resources and exploration development with our product diversification strategy."

Source – Strategic Research Institute
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Hebei Province reduces overcapacity

Global Times reported that local governments in North China's Hebei Province dismantled a dozen furnaces in major industrial cities to fight rampant air pollution.

To meet the province's 15 million tonne overcapacity reduction plan, 16 blast furnaces and three converters belonging to 15 iron and steel companies were demolished. The demolition reduce Hebei's iron production capacity by 6.71 million tonnes and steel production capacity by 1.49 million tonnes.

The largest iron and steel producing province in China by output, Hebei plans to reduce its annual coal burning by 4.06 million tonnes sulfur dioxide emissions by 9,700 tonnes and smoke and dust emissions by 7,000 tonnes after the campaign.

Source – Global Times
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Chinese iron ore import 86.83 million tonne in January 2014

It is reported that many traders and analysts saw China’s record iron ore import of 86.83 million tonne in January as a negative for the dry bulk shipping industry, because China could import less over the next few months as the inventory of iron ore at ports has risen.

Iron ore inventory restocking activity in China has been a key driver for higher Capesize rates towards the end of 2013 and in early 2014, which benefited the Guggenheim Shipping ETF and other dry bulk stocks. Naturally, the recent sharp sell off in the Baltic Dry Index raises the question of whether rates will climb back.

Based on discussions at Navios’ 4Q 2013 earnings, it’s going to take some time. Some of the iron ore inventory may remain in the stockpile when prices come down due to significant capacity expansions in Australia and Brazil as China imports more iron ore from Australia and Brazil to replace its falling domestic iron ore grade. Iron ore inventory at Chinese ports could stay high, as it has in the past.

According to Clarksons, world seaborne imports of iron ore increased 7% in 2013 from the year before and are forecast to increase by a further 7% this year. China’s imports are predicted to increase 9%, to 895 million tonne this year, which is close to what we saw in 2013. Brazil exports are projected to expand 3% this year, to 336.6 million tonne after registering a 1% increase in 2013. Australia’s exports are projected to increase 11%.

If Clarksons’ projection is right, this should add additional ton-mile demand, since it takes about 2 to 3 times longer to ship dry bulks from Brazil than from Australia to China, which would support shipping rates and the BDI.

Source – www.marketrealist.com
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ArcelorMittal takes down Lenin Monument at Ukraine plant

ArcelorMittal dismantled a monument to Vladimir Lenin outside one of its steel plants in Ukraine after protesters who forced the country’s president to flee destroyed statues of the Soviet Union founder.

The Luxembourg based company said that the company, which operates steel plants and iron ore mines in Ukraine has also relocated some foreign workers and their families. Operations at its sites aren’t affected.

Due to the unstable situation in Ukraine, the management of ArcelorMittal Kryvyi Rih has decided to relocate abroad some expats with their families. The chief executive officer of its Ukrainian unit remains on site and foreign workers will return in the near future.

Source – Bloomberg.com
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ArcelorMittal rondt overname staalfabriek af

WOENSDAG 26 FEBRUARI 2014, 22:19 uur | 78 keer gelezen

LUXEMBURG (AFN) - Staalconcern ArcelorMittal heeft de overname van ThyssenKrupp Steel in de Verenigde Staten afgerond. Dat werd woensdag bekendgemaakt.

De partijen hebben alle goedkeuringen van toezichthouders binnen. De onderneming doet de overname van de staalfabriek in Calvert in samenwerking met het Japanse Nippon Steel & Sumitomo Metal voor een bedrag van 1,55 miljard dollar.
voda
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Chinese steel rebar and iron ore futures continue to slide

Reuters reported that Chinese steel and iron ore futures dropped for a sixth day in a row trading near all time lows, as worries over the Chinese economy blurred the demand outlook.

The most active rebar for May delivery on the Shanghai Futures Exchange dropped to as low as CNY 3,299 per tonne, a tad off the record trough of CNY 3,295 reached on Tuesday. It was little changed at CNY 3,317 at the close.

The May iron ore contract on the Dalian Commodity Exchange also the most traded, hit a contract low of CNY 811 per tonne before rebounding to CNY 820 up CNY 1.

Concerns over China, the world's top user of steel and iron ore, heightened this week as local media reports of tighter lending conditions were followed by a steep drop in the yuan which traders suspect was due to intervention by the central bank in its bid to add volatility to the currency in preparation for reform.

Source – Reuters
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Meros plants from Siemens to clean sinter offgases for Ilva

Italian steel producer Ilva SpA has awarded Siemens Metals Technologies an order to supply four turnkey Meros plants for the two sinter plants in its Taranto steel mill. The plants will make a substantial contribution toward improving the environmental situation in Taranto.

The Meros process developed by Siemens will help to clean all the offgas from the sinter process totaling more than 2.6 million cubic meters per sinter plant per hour. This will reduce emissions of sulfur dioxide fine dust, organic compounds, heavy metals and acidic gases to levels significantly below the usual limits in Europe. The first two Meros plants are scheduled to go on stream in April 2015 and the other two will follow in September 2016. The value of the order lies in the mid double digit million euro range.

In the future, the fine dust emission via the smoke stack of Ilva´s sinter plants in Taranto will be reduced by more than 1,000 tons compared to the legal emission level, which is actually set at 40 micrograms per standard cubic meter. Furthermore the dioxin emission will come down from the actual emission load of 12 grams per year at the actual limit of 0.4 nanograms I-TEQ per standard cubic meter to a level less than 3 grams per year. The design of the plant is also featuring installations for major sulfur dioxide reduction.

The Ilva steel plant in Taranto belongs to the Riva Group. With an annual production capacity of over eleven million metric tons, it is the largest in Europe and produces around 30% of the steel used in Italy. Both sinter plants were modernized and extended by Siemens in 2001, and can produce up to eleven million metric tons of sinter a year. Siemens recently won an order in summer 2013 to equip the sinter plants with two new secondary dedusting systems.

The Meros plants will replace the existing outdated MEEP electrostatic precipitators, which can only remove dust. The new units will be installed and integrated into the offgas system of the sinter plants during ongoing operation, which will only require brief shutdown times. The Meros process involves injecting and finely distributing adsorption and desulfurizing agents, such as activated carbon and sodium bicarbonate into the flow of offgas. This efficiently binds and removes heavy metals, harmful and hazardous organic components, as well as sulfur dioxide and other acidic gases.

The use of sodium bicarbonate to reduce the amount of sulfur dioxide also eliminates the need for a conditioning reactor. The process is water free, which avoids steam plumes coming from the smoke stack. The dust particles are deposited in a specially developed, energy-efficient bag filter, which is suitable for temperatures of up to 250°C and very low cleaning pressures. The greater part of the dust removed by the precipitator is recycled back into the flow of offgas to further optimize the efficiency and cost-effectiveness of the gas purification process.

Any remaining unutilized additives are then once more in contact with the offgas, so that they are finally almost completely utilized. There is also considerably less discharged residue when sodium bicarbonate is used instead of slaked lime. The process automation system ensures stable operation, even when there are considerable fluctuations in the volume and composition of the offgas. Emission limits can therefore be observed at all times.

Source – Strategic Research Institute
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