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voda 4 maart 2014 16:38

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TATA Steel UK could raise steel prices as demand increases

TATA Steel could be set to raise its prices to meet growing demand.

As the construction industry continues to grow, steel firms have been able to increase their prices.

TATA has its price revisions on quarterly basis so will not be changing prices in March which many of its competitors are preparing to do.

A TATA Steel spokesman said that "If at all there is a hike in prices it will be for April."

Source - Scunthorpe Telegraph

voda 4 maart 2014 16:45

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Wat een mooi voorbeeld voor andere CEO's overal ter wereld!!

Mr Lakshmi Mittal salary as perks declined 38pct in 2013

BS reported that Mr Lakshmi Mittal chairman and CEO of world's largest steel maker ArcelorMittal and one of the richest Indians took a 38% cut in his salary and perks last year amid his firm reporting second consecutive loss in 2 years.

As per the annual report of ArcelorMittal for 2013, Mittal was paid USD 2.29 million as salary and perks last year down 38.29%, from 2012's USD 3.71 million. His base salary declined marginally by 0.57% to USD 1.76 million, while his short term performance related pay went down by over 72% to USD 0.53 million.

However, Mr Mittal was allotted 1,50,576 long term performance share units (PSUs), a jump of 20 times than that of last year's 7,500 PSUs. Interestingly, pay cheques of all Board members, other than Mittal, rose in 2013 despite the poor performance of the company. This includes Mittal's daughter Ms Vanisha Mittal Bhatia who got nearly 7% hike in her compensation at USD 1,84,000.

In 2013, ArcelorMittal had posted a net loss of USD 2.545 billion. The loss, though lower than 2012's USD 3.352 billion net loss was due to poor market conditions, which was largely witnessed during the first half of the year. This had led to company's operating profit (EBITDA) and sales declining by 10% and 5.67%, respectively. The company has also kept the dividend for 2014 unchanged at USD 0.20 per share.

Source - Business Standard.com

[verwijderd] 4 maart 2014 16:45

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quote:
voda schreef op 4 maart 2014 16:21:
Blader maar eens terug. Eerst werd Arcelor de hemel door deze analist ingeschreven!!!

Vertrouw ze nooit!!!

(sterk ingekort)

Floppers

De aandelen waar experts de komende maand het minst van verwachten zijn Air France-KLM, ArcelorMittal, ASML en AkzoNobel. Van Zeijl voegt hier wel aan toe: ‘Het aandeel Air France-KLM staat al sinds augustus vorig jaar bij de floppers. Het stond toen op 6 euro en inmiddels op 10 euro.’

Door Barbara van Cooten

www.belegger.nl/beurstips-en-handelsk...

Link werkt helaas niet. Maar analisten draaien vaak als een blad aan een boom...

voda 4 maart 2014 16:50

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quote:
Pexs schreef op 4 maart 2014 16:45:
[...]
Link werkt helaas niet. Maar analisten draaien vaak als een blad aan een boom...

Sorry. Hier een wel werkende link:

www.belegger.nl/beurstips-en-handelsk...

wins 5 maart 2014 12:37

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LUXEMBURG (AFN) - ArcelorMittal gaat 5400 ton plaatstaal leveren voor gebruik bij het offshore-olieveld Zakum in de Verenigde Arabische Emiraten (VAE). Dat maakte ArcelorMittal woensdag bekend zonder financiële details te vermelden.
Het staal wordt geproduceerd in de fabriek van ArcelorMittal in het Franse Le Creusot. Volgens het bedrijf gaat het om één van de grootste orders voor plaatstaal ooit en zal Le Creusot 4 maanden op rij onafgebroken op volle capaciteit moeten draaien om aan de deadline te voldoen. Het staal zal vervolgens naar Duitsland en Italië worden verstuurd om te worden verwerkt in pijpleidingen en fittingen. Deze leveringen worden medio juli afgerond, aldus ArcelorMittal.
Het Zakum-olieveld produceert momenteel een half miljoen vaten per dag en de productiecapaciteit moet met een kwart worden verhoogd aan het einde van 2017. Zakum is het grootste olieveld van de VAE en één van de grootste offshore-velden ter wereld met een geschatte reserve van 50 miljard vaten.

voda 5 maart 2014 16:48

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Sluggish Chinese steel sector drives down imported iron prices

Xinhua reported that prices of imported iron ore at 25 major Chinese ports continued to decline last week as high inventories of both iron ore and steel products depressed prices.

For the week ending March 3, the price index for iron ore imports with a 62% purity grade dropped 2 points from the previous week to 118. The index for imports with 58% purity also dipped 2 points to 106.

The index, compiled through research and analysis of 25 sea ports, also showed that the stockpiles of imported iron ore reached 101.04 million tonnes last week up 0.69% from a week earlier.

The report said that the drop in prices came amid a decline of iron ore futures prices as well as sluggish market demand. Meanwhile, steel companies were more unwilling to produce because high inventories depressed prices.

According to data from the Steel Logistics Professional Committee under the China Federation of Logistics and Purchasing, the purchasing managers' index for the steel industry dropped for a third month in February, hitting 39.9% down 0.8 percentage points from January. The index marked a new low since September 2012.

Source - Xinhua

voda 5 maart 2014 16:49

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worldsteel to launch Steel Safety Day

The World Steel Association announced that its plan to launch a Steel Safety Day, reiterating its commitment to the safety and health of the people who work in the steel industry. This safety awareness day is aligned with the World Safety Day held by the International Labour Organization on 28 April every year. In support of this global event, worldsteel and its members will carry out an industry wide safety audit.

worldsteel has carried out an analysis on safety and health practices in the steel industry over the last 5 years and has identified the main causes of serious safety incidents. The Steel Safety Day is set up to reinforce awareness of the five most common causes of safety incidents and to create a safer working environment across the entire steel industry worldwide.

Mr Edwin Basson DG of worldsteel said that “worldsteel is requesting all its members as well as all related organizations within the steel industry to carry out a special audit on the five main causes of safety incidents in all plants around the world. This should engage both employees and service providers involving as many as four million people in total.”

Mr Basson said that “We hope to see that every steel plant in the world has carried out the recommended audit, has identified and developed a plan or already eliminated the risks associated with the main five causes of incidents and put all mitigating measures permanently into place. At the end of this industry wide collective effort, we can say that we have made our workplace even safer than it is today.”

Mr Andrew Page chairman of worldsteel Safety and Health Committee said that “Nothing is more important than the safety and health of the people working in the steel industry and management is responsible and accountable for safety and health performance in their organization. The steel industry has seen a steady and notable reduction in the rate of injuries since 2006 and the average lost time injury frequency rate has gone down by 50% in the last five years. But our goal remains to create an injury free, illness free and healthy workplace with zero incidents.”

Source – Strategic Research Institute

voda 5 maart 2014 16:53

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Iron ore at 8 month low as thin Chinese buying interest

Reuters reported that iron ore dropped to its lowest in 8 months amid lean appetites from Chinese steel mills who are anticipating a further decline in prices in the absence of a pickup in steel demand.

Citigroup slashed its forecast for iron ore for this year and the next two years, expecting prices to fall to a low of USD 80 per tonne in 2016 as global supplies grow.

According to data compiler Steel Index, iron ore of 62% grade for immediate delivery to China eased 0.3% to USD 117.70 per tonne its lowest since July 1.

An iron ore trader in Shanghai said that "There's not too much demand coming from the market. Steel consumption is slow and liquidity is tight. Buyers are still not confident about prices and they expect a further drop adding he sees iron ore falling another USD 5 per tonne to USD 10 per tonne.

An Australian cargo of 61% grade Pilbara iron ore fines was sold at USD 117.25 per tonne in a tender on Monday, lower than a previous sale at USD 117.58 last week.

Citigroup has cut its price forecast for this year to USD 113 per tonne from an earlier estimate of USD 120. The bank sees the price slipping to USD 90 in 2015 and USD 80 in 2016, lower than its previous projections of USD 100 and USD 90 respectively.

Citi said that with 2014 and 2015 facing seemingly inescapable market surpluses, the question becomes the price needed to force sufficient production curtailments to bring the market back into balance in 2016.

While the depth of that price depends on demand growth, especially from top importer China, Citi said that its analysis indicated a yearly average of USD 70 per tonne to USD 90 per tonne was needed to spark curbs to output.

Weakness in the steel market has cut interest in spot seaborne iron ore cargoes and while market participants anticipate a seasonal pickup in demand along with construction work this month, prices have yet to recover strongly.

Source – Reuters

[verwijderd] 5 maart 2014 21:48

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www.beleggersbelangen.nl/opinie/artik...

voda 6 maart 2014 16:25

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Theodoor Gilissen: Aanbevolen rating voor ArcelorMittal

DONDERDAG 6 MAART 2014, 13:26 uur | 1101 keer gelezen

ArcelorMittal herstelt langzaam maar zeker. De staalproducent is als industrieleider goed gepositioneerd in de sector en zal door aankoop van ijzer- en kolenmijnen de marktpositie verder versterken.

Dat schrijft Tom Muller, analist bij Theodoor Gilissen, in een bedrijfsrapport.

‘De vraag naar staal in Europa blijft achter’, schrijft Muller. ‘Daarnaast drukken de nog steeds relatief hoge kosten voor de inkoop van ijzererts en energie op de bedrijfsmarge. Die is gehalveerd op 8,7 procent ten opzichte van 2007/2008. De verliezen in Europa en Azië worden wel deels goedgemaakt door de winsten in Noord- en Zuid-Amerika.’

Kostenbesparingen

‘Het bedrijf heeft verder diverse kostenbesparingen doorgevoerd. Eind 2015 zal 3 miljard aan jaarlijkse kostenbesparingen bereikt worden. Daarnaast hebben uitbreidingen van de staalproductie in Zuid-Amerika plaatsgevonden, en wordt de overname van Thyssen Krupp eind dit kwartaal verwacht.’

Muller schrijft dat de gevoerde strategie voor een daling van de uitstaande netto schuldpositie heeft geleid, van 21 miljard dollar eind 2012 tot 16 miljard dollar eind 2013. ‘De genomen maatregelen en de verwachte stijging van de vraag met 3 procent in 2014 kunnen tot een licht verbeterende marge leiden en een winst plus afschrijvingen van 8 miljard dollar.’

Op korte termijn gaat Theodoor Gilissen uit van een voorzichtig economisch herstel in Europa, met een relatief sterke groei in Noordwest Europa. Voor Zuid Europa geldt een tijdelijk herstel vanuit de slechte economische situatie, zo schrijft het rapport.

Groei wereldwijd marktaandeel

‘In Noord-Amerika is de staalproductie gezond. In Zuid-Amerika heeft het bedrijf met vestigingen in Brazilië en Argentinië een goede marktpositie. In de opkomende landen van Azië lijkt versterking van de positie mogelijk en ook noodzakelijk. Per saldo verwachten wij een groei van het wereldwijde marktaandeel.’

Muller: ‘ArcelorMittal is als industrieleider goed gepositioneerd voor sectorconsolidatie en zal door aankoop van ijzer- en kolenmijnen de marktpositie versterken. Wij verwachten dat het bedrijf het eigen aanbod van hoogwaardige staalproducten ook zal vergroten door fabrieken met hogere toegevoegde waarde aan te kopen.’ Het koersdoel van Gilissen voor ArcelorMittal is 13,50 euro.

Door Lucia Rodenburg

www.belegger.nl/nieuws/2647472/theodo...

voda 6 maart 2014 16:43

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TATA Steel India wins at Steel Making Challenge

TATA Steel India team, which last year won the regional championship went on to win the world champion title at the recently concluded 8th Virtual Steel Making Challenge 2013-14.

The grand finale was concluded on February 2014 in Brussels. Participants were given the task which consisted of refining an order of high strength steel billets using secondary steelmaking simulation. They had 2 and a half hours to produce the steel at the minimum cost while maintaining the levels of impurities and inclusions within specifications.

At the end of the highly charged and intense contest, the regional champions Mr Kausik Tamuli and Mr Animesh Kumar Singh from TATA Steel India emerged victorious in the 'Industry' category and were declared world champions.

Mr TV Narendran MD of TATA Steel said that “My heartiest congratulations to the TATA Steel India team. It is a proud moment not just for everybody at TATA Steel but also for the enterprising and innovative spirit of the nation."

Mr Narendran said that "This championship is a testament to the budding talent of the country and that if nurtured and supported well it can win laurels. We are also now custodians of ingenuity and talent which will introduce new methodologies and new thoughts that have all the makings of revolutionizing the industry."

Mr Karl Kohler MD of TATA Steel Europe said that ”We at TATA Steel have always believed in nurturing the innovative spirit to enable the industry to move forward. The World Championship only motivates us to continue and increase our efforts in this endeavor. My congratulations to the TATA Steel India team for achieving this glory and setting the benchmark high for innovativeness within the Company and Industry.”

Source - www.Indiablooms.com

voda 6 maart 2014 16:46

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Iron ore production will buoy the profitability of CIS steel makers in 2014 - Moody

Moody's Investors Service announced that iron ore operations will support the profitability of vertically integrated Commonwealth of Independent States steel makers, despite growing price risks on slowing demand from China and supply overhang. However, the profitability of the companies' steel operations will be constrained by lacklustre demand in end user markets in the CIS.

Mr Denis Perevezentsev, a Moody's Vice President Senior Analyst and author of the report said that "As a result of continued, albeit slower, Chinese demand, we expect that the iron ore mining segments of low cost vertically integrated CIS steel producers NLMK, Severstal and Metinvest will generate a significant share of 2014 operating profits. That said, we do not expect that the profitability of CIS steel makers' steel operations will rally because we do not anticipate much improvement in demand in end user markets in the CIS, where two thirds of CIS produced steel is consumed."

Source – Strategic Research Institute

voda 6 maart 2014 16:47

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US Steel production updates for last week

In the week ending March 1st 2014, domestic raw steel production was 1,861,000 net tonnes while the capability utilization rate was 77.4%. Production was 1,875,000 tonnes in the week ending March 1st 2013 while the capability utilization then was 78.3%. The current week production represents a 0.7% decrease from the same period in the previous year.

Production for the week ending March 1st 2014 is up 1.6% from the previous week ending February 22nd 2014 when production was 1,831,000 net tonnes and the rate of capability utilization was 76.3%.

Adjusted year to date production through March 1st 2014 was 15,711,000 net tonnes at a capability utilization rate of 76.5%. That is a 1.0% decrease from the 15,873,000 net tonnes during the same period last year, when the capability utilization rate was 77.3%.

Broken down by districts, here's production for the week ending March 1st 2014 in thousands of net tonnes:
1. North East: 221;
2. Great Lakes: 668;
3. Midwest: 246;
4. Southern: 640 and
5. Western: 86 for a total of 1,861.

Source – Strategic Research Institute

voda 6 maart 2014 16:50

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Trans-Anatolia Gas Pipeline will create 5,000 jobs in Turkey

The TransAnatolia Gas Pipeline, the gas pipeline project that will carry Azerbaijani natural gas to Europe through Turkey, will create 5,000 jobs in 21 provinces in Turkey.

Speaking to reporters on February 28th, Mr Taner Yildiz, Energy Minister of Turkey, said that the TANAP was slated to be carried into effect as of 2018 and would create employment in the cities it will pass through and for the domestic steel pipe makers that will take part in the project.

Mr Yildiz said that the total amount of investment planned to be poured into the pipeline is around USD 45 billion, nearly USD 30 billion of which will be injected into construction at production sites over a four-year construction period, expected to be started in 2015.

Source - www.naturalgaseurope.com

Porscheknakker 6 maart 2014 16:50

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Die Tom Muller is niet de domste van het analistenstel.
Zijn verwachtingen en koersdoelen komen meestal uit.

voda 6 maart 2014 16:51

1

China's Baogang to increase crude steel output

China's leading steelmaker Baogang Group plans to increase the annual crude steel production in 2014.

The company expects to produce 12 million tonnes of pig iron, crude steel of 12.45 million tonnes, 11.66 million tonnes of steel products. Besides, the company is targeting a sales of CNY 60 billion this year. The company set its target at CNY 50 billion in 2013.

Source - www.yieh.com

voda 7 maart 2014 16:18

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Devaluating Ukrainian currency gives cutting edge to steel mills

Ukraine has been in the eye of storm recently for political and economic reasons. The removal of President Viktor Yanukovych on corruption charges has not only lead to political unrest but incurred the wrath of European and Global financial institutions tightening credit supplies to the economy . It is learnt that EU countries have frozen assets of the erstwhile president.

Political upheaval had economic casualties with the UAH taking severe flogging losing 9% within a month raising hackles and panic buttons being pressed by the National Bank to arrest steep slide. NBU to make an intervention and the regulator appropriated another UAH 4 billion to the banks, which caused the exchange rate to surge. However it is unlikely that the tottering currency can hold on for long with depleting reserve of the NBU. It won’t be surprising if the slide becomes irreversible. UAH valuation is expected to attain momentary break around UAH 12 = 1 USD.

Ukraine has been primarily export hub for steel products catering nearly 76% of its produce. Semis, long and flat from Ukraine have ruled the roost in Middle East and Europe. Not surprisingly depreciating currency will be boon for these mills who pay input cost in local currency whereas realize exports in USD. According to one estimate steel mills producting billet have been able to save nearly USD 104-116 per tonne. It has given the mills a big leap in cost advantage and cutting edge in export market.

Billet price levels have been depressed recently with FOB levels hovering around USD 485-490 per tonne. Turmoil in Turkish economy has led to collapse in scrap levels having cascading impact on billet price also as Turkey is major importer of Black Sea, billets. Even though mills have been able to realize better price in Saudi Arabia but the bulk bookings in UAE and Turkey has been elusive. Even the European traders are falling shy owing to domestic levels being more competitive.

Ukrainian mills have been getting their mills loaded m-o-m at low rates. They would be also eager to ward off competition from Chinese , Japanese and Korean mills in the Middle Eastern theatre with aggressive pricing in both flat and long products. Even though Russian Rouble has also lost heavily and would up the ante on Ukrainian but they cater to different segments and export availability from Russia is question mark with domestic demand picking up during summer.

However greed for volume can play second fiddle to better realization as long as order bills are getting filled. It is unlikely that a price war will break out at this stage since that would be catastrophic for the mills since most of the Middle Eastern region is expanding capacity and domestic availability is improving. Recently signals of mills trying to push through USD 10-15 per tonne hike in price for billets. However the market has not reacted favourably and mills are finding difficult to transact. In fight to finish definitely Black Sea mills have cutting edge over others it will be question of how much how far since demand continues to be sluggish. Utmost price cut would be in a band of USD 10-20 per tonne in short term.

Source – Strategic Research Institute

voda 7 maart 2014 16:19

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Steel output in China has reached market peak - Steel Mills

Reuters reported that Chinese steel output which hit 779 million tonnes in 2013 is now close to its peak with the market weakening and the government now determined to tackle a capacity glut responsible for mounting debts and heavy pollution.

Mr Zhang Wuzong, a delegate at the National People's Congress and chairman of private steelmaker Shandong Shiheng Special Steel, said there is no room for further expansion. He said “You can basically say that Chinese steel output has reached a peak.”

Mr Deng Qilin chairman of Wuhan Iron and Steel (Wugang) and an NPC delegate said that “Capacity is now more than enough, with supply heavily outstripping demand and failing mills under pressure from both the government and the market. I can tell you that the steel industry, globally and in China, is facing a big, big imbalance of supply and demand it is facing serious overcapacity and if we don't control it the industry at home and overseas will fall further into a deep winter. Expanding further is meaningless if you are making losses, having more capacity will lead to even more losses."

Source – Reuters

voda 7 maart 2014 16:23

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Qatar Steel signs iron ore pellets deal with Vale

Qatar Steel announced that it has signed an iron ore pellets supply contract with Vale (earlier known as CVRD), a global player which specialises in exploration and extraction of iron ore, required for the production of steel.

The contract is for a period of three years and renewable for further period of three years. The contract was signed at Qatar Steel Head Office in Doha, by Mr Ali bin Hassan Al Muraikhi Managing Director and General Manager of Qatar Steel.

Mr Jose Martins executive director of Vale represented his company in signing the contract said that “Signing the iron ore pellets supply contract with Vale will consolidate our business relations and existing cooperation, which go back to the beginning of 2013. Qatar Steel is keen to achieve excellence in customer service through supplying them with high quality steel products.”

Source – Gulf Times

voda 7 maart 2014 16:24

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Iron ore import prices in China hits 8 month low

Reuters reported that iron ore fell to its weakest level since late June, pressured by slow demand from top consumer China as traders unload cargoes into the market to cut losses on fears prices may drop further.

According to data compiler Steel Index, Benchmark 62% grade iron ore for immediate delivery to China .IO62-CNI=SI fell 0.8% to USD 116.80 per tonne on Tuesday. That was the lowest level for iron ore since June 28, with the price dropping 13% this year.

An iron ore trader in China's eastern Shandong province, who thinks there may be enough momentum for prices to go below USD 100 per tonne said that there are a lot of sellers competing for a few buyers and these traders are in a rush to sell before prices go further down.

The price of iron ore, China's biggest import commodity by volume, has lost 6%since mid February.

Beijing's vow on Wednesday to cut excess industrial capacity to fight pollution may see more steel production capacity curbed.

Source – Reuters

Vertraagd	17 jun 2024 15:25
Koers	21,810
Verschil	-0,010 (-0,05%)
Hoog	21,910
Laag	21,480
Volume	1.602.318
Volume gemiddeld	2.688.328
Volume gisteren	4.153.452

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