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voda 18 oktober 2012 16:48

0

AK Steel announces price increase for carbon steel products

AK Steel has announced that it will increase current spot market base prices for all carbon flat rolled steel products by USD 40 per ton, effective immediately with new orders.

Source - AK Steel

voda 18 oktober 2012 16:52

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Analysts boost long term base metal forecasts

Reuters reported that analysts revised up their long term price forecasts for copper and most other base metals saying rising production costs and a modest demand increase would be the main factors pushing prices higher in the next 10 years.

The survey of 11 analysts showed the average price forecast for copper rose 3.6% from last year's Reuters poll figure to USD 6,420.90 a tonne also supported by a finite supply outlook.

Source - Reuters

voda 18 oktober 2012 16:59

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ArcelorMittal Kryvyi Rih to reduce rebar shipments in October

ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal has announced that in October this year it plans to reduce shipments of rebar by 10% to 15% compared to September to 235,000 tonnes to 245,000 tonnes.

In the January to September period of the current year, ArcelorMittal Kryvyi Rih shipped around 1.9million tonnes of rebar up 9% YoY.

Source - Visit www.steelorbis.com for more

voda 18 oktober 2012 20:41

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ArcelorMittal overweegt verkoop belang Canadese ijzerertsact. - media
ArcelorMittals belang kan $8-10 mrd waard zijn - media

(MORE TO FOLLOW) Dow Jones Newswires

voda 18 oktober 2012 20:44

1

Is dit soms de reden van de recente koersstijgingen?

rene l 18 oktober 2012 21:52

0

quote:
voda schreef:
Is dit soms de reden van de recente koersstijgingen?

Hans, weer bedankt voor je vele speurwerk.
Het zou inderdaad een verklaring kunnen zijn mede i.v.m. de obligatie die afgelost dient te worden.
Daarnaast deze week het bericht van terugtrekken van geld uit Luxemburg, misschien heeft Mittal nog wel ergens van dergelijke potjes.

[verwijderd] 18 oktober 2012 22:11

0

quote:
voda schreef op 18 oktober 2012 20:41:
ArcelorMittal overweegt verkoop belang Canadese ijzerertsact. - media
ArcelorMittals belang kan $8-10 mrd waard zijn - media

(MORE TO FOLLOW) Dow Jones Newswires

Voda, heb je soms die link, dank je

voda 18 oktober 2012 22:14

0

quote:
ANVERS schreef:
[...]

Voda, heb je soms die link, dank je

Staat op o.a. Alex en Binck, valt niet te kopieren.

Porscheknakker 18 oktober 2012 22:14

0

quote:
ANVERS schreef:
[...]

Voda, heb je soms die link, dank je

18-10-2012 21:44
Arcelor overweegt verkoop belang Canadese ijzerertsdivisie - media

AMSTERDAM (Dow Jones)--ArcelorMittal (MT) overweegt een belang van 30% in zijn Canadese ijzertsactiviteiten te verkopen, meldt de Financial Times donderdag op basis van bronnen.

Het staalbedrijf heeft adviseurs aangesteld en mogelijke kopers van het belang gepeild, schrijft de krant.

Het gehele onderdeel, dat wordt gewaardeerd op $8 miljard tot $10 miljard, produceerde vorig jaar circa 15 miljoen ton ijzerertsconcentraat.

De mogelijke verkoop van het minderheidsbelang komt op een moment dat Arcelor te kampen heeft met een zwakke vraag naar staal, vooral in Europa, en naar manieren zoekt om de schuld te verminderen.

Een woordvoerder wilde geen commentaar geven op het bericht.

Door Alex MacDonald, vertaald en bewerkt door Ben Zwirs; Dow Jones Nieuwsdienst; +31-20-5715200; ben.zwirs@dowjones.com

(END) Dow Jones Newswires

October 18, 2012 15:44 ET (19:44 GMT)

Groet

[verwijderd] 18 oktober 2012 22:16

0

quote:
rene l schreef op 18 oktober 2012 21:52:
[...]

Hans, weer bedankt voor je vele speurwerk.
Het zou inderdaad een verklaring kunnen zijn mede i.v.m. de obligatie die afgelost dient te worden.
Daarnaast deze week het bericht van terugtrekken van geld uit Luxemburg, misschien heeft Mittal nog wel ergens van dergelijke potjes.

Dat was wel al een paar weken dat Arcelor onderdelen moest verkopen daarvoor, dus ik denk niet dat dat dit enig positief resultaat zal geven op de koers

[verwijderd] 18 oktober 2012 22:17

0

quote:
330ix schreef op 18 oktober 2012 22:14:
[...]

18-10-2012 21:44
Arcelor overweegt verkoop belang Canadese ijzerertsdivisie - media

AMSTERDAM (Dow Jones)--ArcelorMittal (MT) overweegt een belang van 30% in zijn Canadese ijzertsactiviteiten te verkopen, meldt de Financial Times donderdag op basis van bronnen.

Het staalbedrijf heeft adviseurs aangesteld en mogelijke kopers van het belang gepeild, schrijft de krant.

Het gehele onderdeel, dat wordt gewaardeerd op $8 miljard tot $10 miljard, produceerde vorig jaar circa 15 miljoen ton ijzerertsconcentraat.

De mogelijke verkoop van het minderheidsbelang komt op een moment dat Arcelor te kampen heeft met een zwakke vraag naar staal, vooral in Europa, en naar manieren zoekt om de schuld te verminderen.

Een woordvoerder wilde geen commentaar geven op het bericht.

Door Alex MacDonald, vertaald en bewerkt door Ben Zwirs; Dow Jones Nieuwsdienst; +31-20-5715200; ben.zwirs@dowjones.com

(END) Dow Jones Newswires

October 18, 2012 15:44 ET (19:44 GMT)

Groet

dank je

viermeiden 19 oktober 2012 09:11

0

L.s.,

ArcelorMittal, the world’s largest steelmaker, is exploring the sale of a minority stake in its Canadian iron ore business, which could be worth billions of dollars, sources familiar with the situation said Thursday night.

The company has retained RBC Capital Markets and Goldman Sachs to assist in the process, which has been ongoing for a few months, said one of the sources, adding that a deal is likely to be announced before the end of the year.

ArcelorMittal is one of Canada’s top exporters of iron ore to steel markets around the world and its operations account for about 40 per cent of Canada’s iron ore output. It operates two large open-pit mines in Quebec, where it also owns the Port-Cartier industrial complex that includes a pellet plant, storage areas and port facilities for shipping.

ArcelorMittal Mines Canada, which traces its origins back to the Quebec Cartier Mining Co., produces some 15 million tonnes of iron ore concentrate and more than 9 million tonnes of iron oxide pellets annually.

The sources familiar with the situation said the stake sale process is generating a lot of interest from Asian steelmakers that are keen to lock in off-take agreements to secure their own future supplies of the raw material crucial to the steelmaking process.

ArcelorMittal had been expanding its iron ore resource base in an effort to reduce its dependence on miners like Vale SA, Rio Tinto and BHP Billiton. Last year it even acquired the huge Mary River project in the Canadian Arctic.

But the bleak economic situation in Europe and lacklustre growth in steel demand in the aftermath of the financial crisis have forced ArcelorMittal and its rivals to rethink plans. The company has been cutting steel output in Europe for more than a year. Iron ore prices recently fell to a three-year low as China’s slowdown hurt demand.

Despite the bleak outlook in the sector, the sources said the scarcity value of world-class producing iron ore assets and the chance to own a stake in assets in a politically safe jurisdiction make the deal attractive to potential buyers.

ArcelorMittal could not be reached for immediate comment.

The Financial Times of London, citing sources familiar with the matter, reported that ArcelorMittal’s entire Canadian business could be worth $8 billion to $10 billion. But others said those numbers were highly inflated given current iron ore prices.

Since ArcelorMittal is only interested in selling a minority interest in the Canadian assets at this time, this offers foreign buyers a chance to buy assets worth billions of dollars without the deal having to go through an Investment Canada review process, said one source.

Under the Investment Canada Act, the Canadian government has to review all major deals to ensure they are of “net benefit” to the country.

Ottawa last blocked a foreign takeover deal in 2010 when it stunned markets by preventing Australia’s BHP Billiton Ltd from buying fertilizer producer Potash Corp.

The Canadian government is currently reviewing Chinese state-owned oil major CNOOC Ltd.’s $15.1 billion bid to acquire oil and gas explorer Nexen Inc., a deal that has raised fears about opening the Canadian energy sector to the Asian power’s state-owned companies.

Bron: www.thestar.com/business/article/1273...

viermeiden

voda 19 oktober 2012 15:27

0

Chinese steel consumption has peaked - BHPB CEO Mr Kloppers

According to Mr Marius Kloppers CEO of multinational resource group BHP Billiton, Chinese steel consumption has peaked and will progressively decline as the country moves from an investment led to a consumer led economy.

In the past decade, over 200 million people in China have moved from rural to urban areas, driving demand for commodities such as coal and iron ore, and materials such as cement and steel, which are needed to build roads, buildings and railways

Mr Kloppers said that "To illustrate the significance of this, we witnessed a tripling of per capita steel consumption in the last decade from 150 to 450 kilogram per capita."

He said that but the period of early stage infrastructure has peaked. He added that "We will continue to see per capita consumption of steel growing, albeit at a slower rate, as steel intensity of GDP declines."

As a key steelmaking ingredient, iron ore consumption will be affected by this trend. The company is expecting growth in the global iron ore market to slow to 650 million tonnes this decade, down from 800 million tonnes in the past 10 years, but the slower growth still represents a very substantial opportunity.

At the beginning of the Chinese industrialization boom, miners were not producing enough to meet demand. The supply shortage not only drove prices up, but also prompted increased investment in the industry.

Mr Kloppers said that "What we are now witnessing is the rebalancing of supply and demand and a progressive recalibration of prices back to long term, sustainable pricing levels."

According to the CEO, the record prices of the past decade will not be there to support returns over the next 10 years and therefore production at any cost will be replaced by a greater attention to lowering costs and increasing productivity.

China's growth over the past decade involved new cities, buildings, roads, housing and other general infrastructure to support the massive urbanization trend.

He said that "As these cities and buildings are completed and as people continue moving to the cities, their future needs will include the next level of consumer goods being kitchen appliances, heating and air conditioning, cars and so on."

Source - Business News Americas

voda 19 oktober 2012 15:34

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Chinese average daily crude steel output up by 2pct MoM in Sept

Reuters reported that China's average daily crude steel output rose to 1.932 million tonnes in September 2012, up by 2% MoM from 1.894 million tonnes in August 2012 as a rebound in prices encouraged mills to boost production.

Data from the National Bureau of Statistics showed that total crude steel production in September 2012 stood at 57.95 million tonnes, down from 58.70 million tonnes in August 2012.

Source - Reuters

voda 19 oktober 2012 15:40

0

ArcelorMittal drawn criticism for discontinuing auto steel production in South Africa

Mr Stefan Haasbroek chairman of the original equipment manufacturers purchasing council, a sub committee of the National Association of Automobile Manufacturers of SA, said that ArcelorMittal had notified motor manufacturers in November 2011 of their intention to stop producing improved surface finish steel from June 2012 but had subsequently pushed the date out to December 2012.

He said ArcelorMittal SA had proposed alternative sourcing from Europe, but each OEM was now conducting studies to find the best solution for their own operations.

He said the council would write to the Trade and Industry Department to express its opposition to ArcelorMittal SA’s decision, which would have a negative affect on the automotive industry’s competitiveness.

Mr Haasbroek said the pricing of steel was based on global prices and the cost to local OEMs would increase because of the additional logistics costs in importing the product.

However, Mr Haasbroek said ArcelorMittal SA's decision would not have a significant affect on local content in domestically produced vehicles.

Mr Themba Hlengani, an ArcelorMittal SA spokesman, said that it had announced at the end of last year that it would be discontinuing ISF material for exposed applications and had changed the end date to accommodate the motor industry. Mr Hlengani said “ISF currently comprised less than 5% of the total supply portfolio to the automotive industry and, given the low volume of demand in South Africa, it was not economically viable to consider further investment in or upgrading of these lines. If required, this material could be supplied from its mills in Europe for use by local manufacturers.”

Source - www.iol.co.za

voda 20 oktober 2012 17:08

0

Chinese steelmakers to suffer as property sector shrinks

China Daily reported that though the property industry in China has somewhat managed to weather the economic turbulence, the winds have not been kind to allied industries like iron and steel.

Industry sources said that property continues to be the mainstay of the GDP, but its lackluster performance has left the iron and steel industry somewhat like the hungry sailors cast adrift in choppy seas. Existing orders are shrinking rapidly, while there are no new orders in sight.

Though the fortunes of 20 industrial clusters and more than 50 upstream and downstream industries are directly associated with the property sector, it is the iron and steel sector that faces the maximum impact.

Housing construction has slowed in China in the last few months due to the weak external economic sentiment, and also due to several policy curbs that have crimped fresh buying.

Mr Zeng Jiesheng manager and senior researcher at Mysteel Research Institute said that more than 55% of the iron and steel made in China is used in various sectors, while 20% is directly used in real estate programs.

Mr Li Xinchuang president of the China Metallurgical Industry Planning and Research Institute said that "Iron and steel are highly related investments and their success depends largely on the fortunes of the property market."

Fixtures and rebars account for most of the iron and steel usage in property construction. During the first eight months of this year, the new housing construction area was only 1.23 billion square meters, a 6.8% decline from the same period in 2011.

But with most of the industry experts not overtly optimistic on a quick property market rebound, there seems to be more dismal days ahead for steelmakers.

Source - China Daily

voda 20 oktober 2012 17:09

0

Volkswagen uses ArcelorMittal steel in new car models

ArcelorMittal officials said that "Automotive giant Volkswagen is using our company's steel in the newest version of its bestselling model, the Golf, as well as in the e Up, a pioneering battery electric car."

According to Volkswagen, advanced high and ultra high strength steels have played an active role in reducing the weight of the new Golf 7, which contains 11 different components manufactured with Usibor® 1500P. For six of them, ArcelorMittal is the steel supplier.

Usibor®, an ArcelorMittal innovation, is a press hardened steel with an aluminium silicon coating. This pre coated solution was patented in 1998 by Mouzon and Fos sur Mer, both in France. Volkswagen has been using Usibor® 1500P since 2003 in their Passat model.

The Golf 7's body in white is 23 kilogram lighter compared to the previous model. At the recent unveiling of the Golf 7 in Berlin, the automotive giant compared and gave a breakdown of how the steel usage is different in this model: the percentage of overall high strength steel has gone from 66% in the Golf 6 to 80% in the new generation. Within this, the usage of ultra high strength steel has gone from 6% to 28%. The Golf 7's lighter weight will improve its fuel economy, while also lowering the vehicle's carbon footprint.

At Volkswagen's request, ArcelorMittal investigated numerous parts of the vehicle in terms of material and manufacturing optimization. Seven of the proposals ArcelorMittal made were followed up with an additional forming assessment by our research and development centers.

Mr Cees ten Broek director of WorldAutoSteel said that "Volkswagen's use of advanced steel technologies is a great example of how this transformational material can help automakers drive into the future of vehicle light weighting and safety."

And as Financial Times Germany reported, the price of the new Golf 7 standard will also be lower than the previous model, since the weight reduction was not achieved by using expensive materials like aluminium, magnesium or carbon fiber.

ArcelorMittal's Save 30-17 steel grade, part of the new iCARe™ offer, ArcelorMittal's range of electrical steels for the automotive market, has been chosen for the e Up, Volkswagen's first purely electric and zero emission car. The e Up, which will be available from mid-2013, is an electric version of Volkswagen's Up small city car.

Source - ArcelorMittal

voda 20 oktober 2012 17:13

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USW and ArcelorMittal voted to adopt a new 3 year labor contr

Tribune Chronicle reported that United Steelworkers at ArcelorMittal's Warren Coke Plant and other ArcelorMittal plants nationwide overwhelmingly voted to adopt a new 3 year labor contract.

Voting has been ongoing by mail for several weeks, and the results were tallied October 18th 2012 in Pittsburgh, with 94% voting in favor of the new pact.

USW International President Mr Leo W Gerard called the agreement a clear triumph for ArcelorMittal's current and future workers and retirees.

The contract will apply to about 130 hourly workers at the Warren Coke Plant and about 14,000 United Steelworkers overall at 15 ArcelorMittal locations including Warren and Cleveland, along with other plants in Ohio, Indiana and West Virginia.

Terms of the new contract call for wage increases of about 4.5% over the 3 year term and a USD 2,000 signing bonus. Current wages range from USD 19.56 per hour to USD 26.32 per hour, depending on labor grade.

Under the pact, pensions are maintained with no changes, and healthcare coverage has minor changes which the union described as improvements for members.

Current retiree health care also was preserved. That item was one of the most important issues, union officials have said.

Mr Michael Rippey president & CEO of ArcelorMittal USA said that "We extend our appreciation to our employees, customers and communities for their patience and support throughout the negotiation process. While the new contract represents a shared commitment with the Steelworkers to enhance our competitiveness and create a business that is sustainable through the ups and downs of the business cycle, we recognize that work remains in the areas of productivity, employee engagement and operational efficiencies if we are to fully achieve our vision for safe, sustainable steel.''

Source - Tribune Chronicle

voda 20 oktober 2012 17:14

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Taiwanese steel firms to recruit 3000 employees in one year

CENS reported that despite the steel industry's gloomy performance recently, 840 steel companies in Taiwan, including the China Steel Corporation, Yieh Phui Enterprise Co and Chun Yuan Steel Co plan to add nearly 3,000 employees within a year, a strong indication that the industry is recovering.

A survey conducted by the National Kaohsiung First University of Science and Technology indicates that steel and screw makers will need 2,912 new workers within a year, including 1,695, machine operators and assembly workers, 58.2% of the total.

A CSC representative pointed out that with mature upstream and downstream materials supplies and processing operations, Taiwan's steel industry remains competitive globally. With its strong fundamentals, the industry is expected to recover rapidly as the market improves and CSC plans to hire 400 more people by the end of 2012.

The CSC's international development projects, including a third cold rolling plant, a cold rolling plant in Vietnam, and an electromagnetic plant in India, also need new professionals.

The E United Group, a major Taiwanese stainless steel supplier, will recruit at least 1,500 workers within three years to provide manpower for its TWD 40 billion investment in a Kaohsiung project and plant expansion in China's Fujian Province.

Source - CENS

voda 20 oktober 2012 17:15

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WTO barred China from imposing duties on certain US steel exports

The World Trade Organization barred China from imposing duties on certain US steel exports, siding with US President Mr Barack Obama in a dispute with Beijing over a type of steel made in two election battleground states.

The case involved duties imposed by China on grain oriented electrical steel, which is used in the cores of high efficiency transformers, electric motors and generators. The steel is made by AK Steel Corporation of Ohio and ATI Allegheny Ludlum of Pennsylvania.

Although the specialty steel case is tiny compared with other trade disputes with Beijing, the WTO ruling gave Mr Obama a timely win as he defends himself against accusations by his Republican opponent, Mr Mitt Romney, that he is soft on China.

Mr Ron Kirk trade representative said in a statement that "Today we are again plainly stating that we will continue to take every step necessary to ensure that China plays by the rules and does not unfairly restrict exports of US products."

China's Commerce Ministry said in a statement on its website that it will handle this case according to WTO regulations.

But ministry spokesman Mr Shen Danyang criticized politicization of trade issues during the US presidential campaign.

A few American politicians have been gossiping about China US economic relations. We oppose this kind of politicization of economic and trade relations, Shen told a news conference, adding that China had some worries that campaign rhetoric could affect broader ties.

According to the Alliance for American Manufacturing, when the Obama administration filed the case, the volume of specialty steel trade with China was in the range of USD 250 million. That pales in comparison with the auto and auto parts trade at issue in the most recent case Washington filed against China in September 2012. The volume of auto parts trade alone amounted to about USD 12 billion in 2011.

Source - Indian Express

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