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voda 11 maart 2014 16:57

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ArcelorMittal herhaalt guidance 2014 bij beleggersdag - Market Talk

AMSTERDAM (Dow Jones)--Staalbedrijf ArcelorMittal (MT.AE) richtte zich gisteren met zijn beleggersdag op de positieve outlook voor de Europese Unie en de Verenigde Staten en herhaalde de guidance voor 2014, wat analisten van RBC ook hadden verwacht. Ze handhaven hun outperform advies en koersdoel van EUR16. Nu de koers momenteel rond de EUR11 noteert, raden ze beleggers aan om een positie voor de middenlange termijn op te bouwen. Omstreeks 9.30 uur noteert het aandeel 1,3% hoger op EUR11,05, terwijl de AEX met 0,2% stijgt. (LDF)

Dow Jones Nieuwsdienst: +31-20-5715200; amsterdam@dowjones.com

voda 11 maart 2014 17:11

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FNV: werknemers Tata Steel gaan in staking

DINSDAG 11 MAART 2014, 12:37 uur | 127 keer gelezen

IJMUIDEN (AFN) - Staalconcern Tata Steel in IJmuiden gaat een ,,langdurige stakingsperiode'' tegemoet. De werknemers leggen vanaf vrijdag of maandag het werk neer. Dat heeft Aad in 't Veld, vakbondsbestuurder bij FNV Bondgenoten, dinsdag gezegd.

Vorige maand liepen de onderhandelingen over een nieuw cao vast. “We zullen formeel een ultimatum neerleggen, daarna volgen er stakingen”, aldus In 't Veld. Dinsdagochtend stemden 1100 werknemers unaniem in om het werk neer te leggen. Later op de dag volgt een tweede stemronde, waarbij nog zo'n 500 medewerkers hun stem kunnen uitbrengen.

FNV eist een salarisstijging van 3 procent en dat de “verslechteringen” in de arbeidsvoorwaarden van tafel worden gehaald, aldus de vakbondsbestuurder. Volgens de bond wil Tata Steel onder meer de overwerktoeslagen en het aantal vakantiedagen van de werknemers beperken. Ook het vorig jaar gesloten werkgelegenheidspact, dat garandeert dat er tot 1 oktober 2016 geen gedwongen ontslagen vallen, is in de gesprekken met de bonden ter discussie gesteld.

Huidige economische omstandigheden

Een woordvoerder van Tata Steel liet weten dat ook de inzet van het bedrijf “een goede cao” is, rekening houdend met de huidige economische omstandigheden. Als het ultimatum binnen is “zullen we ons beraden en gaan we met de bonden in gesprek”, aldus de zegsman.

Bij Tata Steel Nederland, het vroegere Hoogovens, werken ongeveer 9000 mensen. De huidige cao loopt eind maart af.

voda 11 maart 2014 19:52

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SAIL chairman Mr CS Verma sees bright future for Indian steel industry

PTI reported that Steel Authority of India Limited believes the future of the Indian steel industry is bright as India’s per capita consumption is low and the government is planning to increase infrastructure spending.

India’s per capita consumption has increased to 59 Kg in 2012-13 but per capita consumption in rural areas accounting for about 70% population is approximately one fifth of the national average at 12 kg as compared the world average of 216.9 kg presenting huge opportunity

Mr CS Verma chairman of SAIL told PTI “The future of the Indian steel industry is indeed very bright and there are several enablers which indicate this and includes low per capita consumption and government’s plan to hike infrastructure spending.”

Stating that government plans to increase infrastructure spending from the current 5 per cent of GDP to 10 per cent by 2017, he said India is committed to investing $one trillion in infrastructure during XIIth Five Year plan.

He added “Taking 15 per cent as steel component in the total investment, then it can generate additional demand worth $75 billion of steel in the next few years or USD 15 billion worth of additional demand a year or in terms of quantity, an additional demand of 18.75 million tonnes per annum.”

He also said “Besides, the National Manufacturing Policy envisages the share of manufacturing in GDP to increase from 14% in 2012-13 to 25% by 2025 with manifold increase in steel intensity translating into finished steel consumption of 230-255 MTPA by 2025.”

He said “All these augur well for the steel industry.”

Source – PTI

voda 11 maart 2014 19:54

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Iron ore price level crash by 10pct on weak Chinese economic data

Some unnerving revelations of economic data on last weekend coupled with clandestine currency devaluation to perk export has spread pessimism in Chinese steel market pushing down iron ore import price severely.

Iron ore price levels plummeted further on Monday touching a low of USD 104 per tonne CFR (Fe 63.5 /63%) down from USD 115 on last Friday, a slide of almost 10%

If grapevine is to be believed another USD 7-8 per tonne fall is in offing. The last low at USD 86.70 in September 2012 is still away but given the trend it won’t be long before that level is breached as Chinese steel mills are reluctant to buy iron ore in this scenario.

Chinese exports sank 18.1% from a year earlier in February, much weaker than the 5% increase that was expected by economists, and following a healthy 10.6% expansion in January. China posted a 23 billion deficit on Saturday; a sharp drop from the 31.9 billion surpluses recorded in January.

Damning economic data raised serious concern about the economic growth of China. 2014 GDP projection of 7.5% looks unachievable in the present scenario. HSBC PMI results tell us that China’s industrial sector (down to 48.5 from 49.5 prior) continues to contract, the industrial sector makes up 37 percent of the economy.

Fixed asset investment levels for the year are targeted at only 17.5 percent, the lowest level for a decade, compared to about 19.3 percent last year.
Primarily borne out of concern for crashing export PBOC China set the yuan reference rate at 6.1312, up 111 points over the weekend.

Source – Strategic Research Institute

voda 11 maart 2014 19:56

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China steel rebar futures slide further to record low levels

Chinese steel futures slumped to their lowest levels ever after a surprise drop in exports swung China's trade balance into deficit last month and amplified fears of a slowdown in the economy.

The most traded rebar for October delivery on the Shanghai Futures Exchange was down 4% at its contract low of CNY 3,221 per tonne by midday, falling by its daily downside limit.

An iron ore trader in Shanghai said that "The China data shows there will be more difficult times ahead. Steel demand in China, the world's biggest consumer and producer, had been weak since the start of the year as a slowing economy curbs demand for the building material.

Construction activity which typically picks up from March is unlikely to spur a strong recovery in demand for steel as Beijing pursues economic expansion that is less driven by investment and more fuelled by domestic consumption.

Source – Reuters

voda 11 maart 2014 19:56

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Australian major miners slump as iron ore falls

The Australian reported that shares in Australia's major miners slumped on fears of a slowdown in China and a weakening iron price after official data this weekend showed China posted an unexpected trade deficit of USD 22.98 billion in February, compared with a surplus of USD 14.8 billion in the same month last year.

BHP Billiton fell 4.14% to USD 36.16
Rio Tinto was off 5.76% to USD 61.20
Fortescue Metals Group slumped 9.39% to USD 4.92
Atlas Iron lost 10.14% to 93c
BC Iron shed 8.18% to USD 4.60

The major miners have been declining in price since February 24 with BHP Billiton off 7.6% Rio Tinto off 12.8% and Fortescue declining by 18%. That compares to the S&P/ASX 200 index which is broadly flat.

Source – The Australian

voda 11 maart 2014 19:57

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ArcelorMittal eying higher steel exports from Ukrainian as political crisis cuts domestic demand

Bloomberg reported that ArcelorMittal is selling some Ukrainian output in other markets on a forecast for slower than expected demand growth in the region.

Mr LN Mittal CEO of ArcelorMittal today in a presentation to investors said “Domestic markets are down in the Ukraine. While operations are running normally, the company is diverting more steel to other countries.”

Mr Mittal, citing the political crisis in Ukraine said “Steel demand in the Commonwealth of Independent States may increase more slowly than the 1.5% to 2.5% previously forecast by ArcelorMittal.”

Mr Mittal said North American and European markets will both consume an additional 20 million tons of steel a year from 2013 to 2018, helping the company increase the use of its steelmaking capacity.

The company reiterated its full year profit target as demand rebounds in the US and Europe and maintained a medium term goal of achieving EBITDA of USD 150 on each ton of steel.

Source – Bloomberg

voda 11 maart 2014 19:59

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Japan's steel exports drop for 5th straight month

According to data released by Japan Iron & Steel Federation, Japan’s exports of common steel products dropped to 3.3 million tons in January.

The country’s exports have declined for the 5 consecutive months. The main reason is due to slower demands from South Korea and Thailand. The total export revenue generated by steel products amounted to USD 3.12 billion, down by 4.7% on the prior comparable period.

Steel exports to South declined by 10% to 578,000 tonnes on year, while shipments to Thailand totaled 464,000 tonnes down by 4.7% on year.

Source - www.yieh.com

voda 11 maart 2014 20:00

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South Africa exports 63 MT of iron ore in 2013

According to data surveyed by South African Revenue Service, the country exported total 62,895,000 MT of iron ore to more than 20 nations in the world. All its exports to countries which rank high in purchasing volumes of iron ore from South Africa, showed double digit increase. Especially, its exports to Singapore, UK and Japan grew by 72.8%. 64.0% and 42.9% respectively from a year earlier.

Source - The TEX Report

voda 11 maart 2014 20:01

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ArcelorMittal Eisenhuttenstadt uses STEC ROLL from SMS Siemag

ArcelorMittal Eisenhüttenstadt has ordered 44 STEC-ROLL lines from SMS Siemag Germany. The rolls will be used to upgrade the first strand of a two strand slab caster.

The STEC-ROLL developed by SMS Siemag is superior to the other systems currently available on the market and ensures high service lives and simplified installation and dismantling.

The new rolls will be installed in four segments of the straightening zone where long service lives are immensely important to ensure the production of high quality slabs. The rolls will optimize the casting process and set new standards for efficient maintenance.

ArcelorMittal Eisenhüttenstadt has already had very good experience with the STEC ROLL in a long term test running over a period of 24 months during which the rolls provided impressive results.

Axel Schulz, mechanical maintenance specialist at the steelworks of ArcelorMittal Eisenhüttenstadt:“We are utterly convinced of the STEC rolls, due to their long service lives, the reliable design and the incredibly easy and quick assembly and disassembly. What is more, it is possible to reuse the rolls. Rolls of the STEC-ROLL design bring us a lot of positive changes.”

ArcelorMittal Eisenhüttenstadt is an integrated steel plant situated in East Brandenburg, Germany. It manufactures products for the automotive, household appliance and construction industries. High quality sheet metal plates for the automotive industry are a major market area here.

Source – Strategic Research Institute

voda 11 maart 2014 21:51

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De Krim

De ontwikkelingen op de Krim, waar de ruimte voor diplomatie steeds kleiner lijkt te worden, drukten op de markten. Daarnaast speelden nog steeds zorgen over de Chinese economie mee, waardoor vooral aandelen van grondstoffenfondsen daalden.

Lees hier verder:
www.belegger.nl/nieuws/2647681/wall-s...

voda 12 maart 2014 16:40

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Indian iron ore exports fall 28pct to 13 million tonnes in last 11 months

Business Standard reported that the iron ore exports witnessed a 27.56% slump at 12.57 million tonne during the April to February period of the current fiscal due to continuation of the export duty.

Federation of Indian Mineral Industries showed that India, once the 3rd largest exporter of iron ore had exported 17.35 million tonne of the mineral in the corresponding period of the last fiscal.

Mr RK Sharma Secretary General of FIMI said that "This is a disturbing trend as exports have declined continuously in last few years due to imposition of export duty. We will continue to persuade the government to withdraw the export duty on iron ore as well as on iron ore pellets. This fiscal’s iron ore exports are expected to come down by over 20% to about 13.5 million tonne to 14 million tonne from 18.37 million tonne in 2012 to 2013.”

According to FIMI data, Paradip, Vizag and Haldia are the major ports accounting for the bulk of mineral exports. Indian iron ore exports have been hurt badly in last few years due to mining bans in Goa and Karnataka, leading to a drastic fall in domestic production. Besides an increase in export duty to 30% on both types of iron ore, lumps and fines in December 2012, also impacted the sector.

However, China continues to be the biggest export market for Indian iron ore, though the quantity has declined by over 31% to 10.44 million tonne in April to February. Japan is the 2nd biggest market, where 1.65 million tonne ore has been shipped during the same period.”

Source – Business Standard

voda 12 maart 2014 16:41

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Indian metal stocks catch cold as China slumps

NDTV reported that Indian metal stocks were the biggest drag on markets, with the BSE metal index falling over 3.5% in intraday trade as compared to a 0.6% decline in the broader Sensex.

This is the second straight day of sharp cuts in metal stocks.

TATA Steel, the biggest loser on the Nifty, traded around 6% lower at INR 343, while Hindalco shares were down 4% at INR 117. Sesa Sterlite shares traded down 3.7% at INR 177.

The selloff in metal stocks came on rising fears of a slowdown in China. Dealers were especially nervous about iron ore prices following an 8% slide on Monday that fuelled unease about the health of China's giant steel sector.

Mr Bhavesh Chauhan of Angel Broking said that “Metal stocks have been hit due to a decline in global iron ore prices. The fall in iron ore prices would make Chinese steel makers more competitive impacting the profitability of Indian steel makers.”

HSBC said that domestic over capacity, falling iron ore prices and rupee appreciation are the main reasons behind the sharp fall in metal stocks. The brokerage is underweight on TATA Steel, Sail & JSW Steel.

The selloff in metal stocks comes at a time when the broader markets have rallied to record highs, partly on hopes of a stable government post elections due by May. However, the brokerage said that ferrous metals are no way to play stronger government prospects.

Domestic Brokerage Kotak said that domestic environment is better than global environment and domestic prices are likely to fare better than the international prices. However, it maintained its sell rating on JSW Steel and reduce rating on JSPL and TATA Steel.

Source - NDTV

voda 12 maart 2014 16:43

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Poor economic data takes heavy toll of finished steel price in China

After raw material it was turn of finished market to take the hit on weak cues. Weekend economic data did the damage as the prospects of end use demand diminished.

Chinese exports sank 18.1% from a year earlier in February, much weaker than the 5% increase that was expected by economists, and following a healthy 10.6% expansion in January. China posted a 23 billion deficit on Saturday; a sharp drop from the 31.9 billion surpluses recorded in January.

Damning economic data raised serious concern about the economic growth of China. 2014 GDP projection of 7.5% looks unachievable in the present scenario. HSBC PMI results tell us that China’s industrial sector (down to 48.5 from 49.5 prior) continues to contract, the industrial sector makes up 37 percent of the economy.

Fixed asset investment levels for the year are targeted at only 17.5 percent, the lowest level for a decade, compared to about 19.3 percent last year.

Primarily borne out of concern for crashing export PBOC China set the yuan reference rate at 6.1312, up 111 points over the weekend.

Although market had been holding on at low level price levels collapsed in sudden crash by 1% dousing all hopes of turnaround. Crumbling domestic price levels spell decline in export levels thereby upping the ante on other sources leading to price cut.

Global steel market seems destined for prolonged phase of depressed price level.

Source – Strategic Research Institute

voda 12 maart 2014 16:44

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Lower iron ore prices here to stay - Citigroup

Reuters reported that iron ore prices are set to remain at lower levels given increased supplies of the steel making ingredient although the speed of their recent slump has taken the market by surprise.

Citigroup said that spot iron ore prices posted their biggest one day fall in more than 4 years after China's trade balance swung into deficit and amplified fears of a slowdown in the world's second-biggest economy.

Mr Ivan Szpakowski commodities strategist at Citi Research said that "The broad move lower is here to stay. Prices are moving on a cyclical basis due to the increase in supply. The question had been the timing of it and the rapidity of the fall, that's something that had not been expected."

According to data compiled by The Steel Index, iron ore for immediate delivery to China .IO62-CNI=SI fell 8.3% its largest one day percentage fall in 4-1/2 years to USD 104.70 per tonne, its weakest since October 2012.

Mining giant Rio Tinto which is rapidly boosting production said its ramp up was justified. Price volatility was expected to give way to stronger underlying demand growth from China due to urbanization and the need for new construction.

Mr Andrew Harding iron ore chief of Rio Tinto said that "We continue to see attractive long-term demand for iron ore, particularly from China. There will be short-term volatility, proof of which you are seeing this week."

Rio Tinto is allocating USD 400 million to help expand its Pilbara iron ore production capacity to about 350 million tonnes a year by 2017 in a bid to capture more trade with Chinese steel mills. Capacity is earmarked to increase by more than 60 million tonnes a year between 2014 and 2017.

Source – Reuters

voda 12 maart 2014 16:44

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Weekly updates on domestic raw steel production in US

In the week ending March 8th 2014, domestic raw steel production was 1,840,000 net tonnes while the capability utilization rate was 76.5%. Production was 1,827,000 net tons in the week ending March 8th 2013 while the capability utilization then was 76.2%.

The current week production represents a 0.7% increase from the same period in the previous year. Production for the week ending March 8th 2014 is down 1.1% from the previous week ending March 1st 2014 when production was 1,861,000 net tonnes and the rate of capability utilization was 77.4%.

Adjusted year to date production through March 8th 2014 was 17,551,000 net tonnes at a capability utilization rate of 76.5%. That is a 0.8% decrease from the 17,699,000 net tonnes during the same period last year when the capability utilization rate was 77.0%.

Broken down by districts, here's production for the week ending March 8th 2014 in thousands of net tons: North East: 222; Great Lakes: 661; Midwest: 241; Southern: 631 and Western: 85, for a total of 1,840.

Source – Strategic Research Institute

voda 12 maart 2014 16:45

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Iron ore mining bosses unconcerned with price plunge

Iron ore companies' share prices remained weak after huge falls yesterday, leaving the overall share market flat. After slumping between 4% and 10% based on their degree of iron ore exposure, Australia's miners were more stable today.

Rio Tinto managed a 2 cent gain to AUD 61.22 while BHP Billiton was 0.6% lower at AUD 35.93.

Fortescue, which slumped 9.4% lost a further 1.8% with many investors seeing it amongst the most vulnerable to continued iron ore price weakness. However, the AJM annual global iron ore and steel forecast conference in Perth heard from industry players who say they are not panicked by the recent price slide.

Mr Andrew Harding Rio Tinto's head of iron ore said that “The recent fall in iron ore prices which were down 8.3% alone to USD 104.70 per tonne is due to a confluence of factors. We are looking at a credit squeeze that impacted the sane time as high stockpile levels in China. Sentiment has caused the rapid change as sentiment often does."

Mr Andrew said that expects a good future for iron ore prices and profits and said that there will be short-term volatility, proof of which you are seeing this week. The longer term is still intact and I can't see any indication that would change my mind, we still see good growth in the market through to the 2020s.

Mr Jimmy Wilson head of iron ore of BHP Billiton said that "Our view that Chinese crude steel production is expected to peak at 1.1 billion tonnes around 2025, is unchanged."

Source – ABC.net

voda 12 maart 2014 16:46

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China steel futures hit record lows

Reuters reported that Chinese steel futures hit record lows posted the biggest one day fall in over 4 years after China's trade balance swung into deficit and amplified fears of a slowdown in the world's No. 2 economy.

Its exports fell 18.1% in February from a year ago while the market had been expecting an increase. The dismal numbers followed a series of factory surveys since the start of 2014 that have pointed to weakness in economic activity as demand has faltered at home and abroad.

The most traded rebar for October delivery on the Shanghai Futures Exchange slid 4% to settle at its lowest ever level of CNY 3,221 per tonne falling by its daily downside limit.

Source – Reuters

voda 12 maart 2014 16:51

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Iran's annual crude steel output to hit 15 MT - Official

Tehran Times reporetd that Iran’s annual crude steel output will reach 15 million tonnes by the end of the current Iranian calendar year (March 20).

Mr Bahram Sobhani chairman of the association of Iranian steel producers said said that “The output is projected to increase to 55 million tonnes by the end of the Fifth Five Year Development Plan (2015).

According to the World Steel Association, Iran was the biggest producer of crude steel in the Middle East in 2013. Iran produced 15.4 million tonnes of crude steel in 2013, a 6.6% rise compared to 2012. The country’s crude steel output stood at 1.35 million tonnes in December 2013 up 13.6% compared to December 2012.

World crude steel production in 2013 amounted to 1.607 billion tonnes an increase of 3.5% compared to 2012. China, Japan and the US were the three biggest crude steel producers in 2013 with 779 million tonnes, 110 million tonnes and 87 million tonnes of output, respectively.

Source – Tehran Times.com

voda 12 maart 2014 16:51

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ArcelorMittal partners with ANDRITZ Soutec on new auto technology

ArcelorMittal’s Tailored Blanks division has teamed up with leading welding systems manufacturer ANDRITZ Soutec to roll out cutting edge laser welding technology across the globe.

ArcelorMittal has developed a patented laser ablation technology to weld Usibor a steel specially designed for hot stamping. The partnership with ANDRITZ Soutec to roll out this technology will increase the availability of laser welding for hot stamping steels which is increasingly in demand from carmakers as they strive to make cars lighter which makes them more fuel efficient and safer.

ArcelorMittal is the leading supplier of steels for hot stamping. The company’s advanced hot stamping products Usibor and Ductibor are delivered with an aluminium silicon coating which protects car parts during heat treatment as well as protecting against corrosion.

However, without the laser ablation process, the weld may become fragile and subject to corrosion. With laser ablation, the aluminium silicon coating is removed from the surface near the weld by vaporisation, using the latest high energy lasers, and then laser welded. The partial ablation process developed by ArcelorMittal provides a superior weld and protection compared with other ablation technologies.

Hot stamping steel solutions are the best way to increase the strength of steel in order to produce thinner and lighter steel parts while improving or maintaining the same crash performance. Laser welded blanks enable carmakers to reduce a vehicle’s weight and improve safety by putting the right steel grade, with the right thickness in the right place for each car part.

Mr Philippe Baudon CEO ArcelorMittal Tailored Blanks said that “By cooperating with ANDRITZ Soutec, a leader in welding technology, we are reaching a new phase in developing cost efficient solutions, supporting car manufacturers in reducing car weight and improving crash resistance.”

Mr Domenico Iacovelli CEO ANDRITZ Soutec saidn that “ArcelorMittal has developed a superior process guaranteeing quality and productivity of the welding process of steels for hot stamping. Thanks to this cooperation, we will offer the global automotive industry an efficient solution which will further support the growth of LWBs for hot stamping.”

Source – Strategic Research Institute

Vertraagd	17 jun 2024 14:56
Koers	21,790
Verschil	-0,030 (-0,14%)
Hoog	21,910
Laag	21,480
Volume	1.505.569
Volume gemiddeld	2.688.328
Volume gisteren	4.153.452

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