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voda 6 november 2019 14:49

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Indiaas Tata Steel voelt lage prijzen

Gepubliceerd op 6 nov 2019 om 14:43 | Views: 0

ArcelorMittal 14:28
14,79 -0,11 (-0,71%)

MUMBAI (AFN) - Tata Steel, het Indiase moederbedrijf van het voormalige Hoogovens in IJmuiden, heeft in het afgelopen kwartaal een lagere omzet in de boeken gezet dan een jaar eerder. Evenals branchegenoten kampte het staalconcern met gedaalde staalprijzen op belangrijke markten. Op thuismarkt India was de economische activiteit minder wegens strengere regels voor kredietverstrekking.

De omzet in het tweede kwartaal van het gebroken boekjaar bedroeg 345,8 miljard roepie, omgerekend zo'n 4,4 miljard euro. Dat was in dezelfde periode een jaar eerder nog bijna 409 miljard roepie. Tata Steel zette wel een 6 procent hogere winst in de boeken van 33 miljard roepie, dankzij een eenmalige belastingmeevaller.

De Europese activiteiten van Tata Steel hadden te maken met zwakke marktomstandigheden. Naast lage prijzen drukte ook de brexit op het ondernemersvertrouwen. Eerder dit jaar werd bekend dat Tata Steel Europe, inclusief de staalfabriek in IJmuiden, in de kosten moet snijden om winstgevender te worden. Over de details van dit 'transformatieprogramma' liet Tata Steel bij zijn kwartaalcijfers niets los.

voda 6 november 2019 15:21

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Salzgitter zet minder om

(ABM FN-Dow Jones) Salzgitter heeft in de eerste negen maanden van dit jaar minder omgezet, terwijl de winst hard daalde vanwege een kartelonderzoek. Dit bleek uit voorlopige cijfers van het Duitse staalbedrijf.

De winst voor belastingen daalde van 285 miljoen naar 41 miljoen euro. Die sterke daling was te wijten aan de extra last die werd genomen voor een onderzoek naar mogelijke kartelafspraken rond zware staalplaten en 'strip steel'.

Ook was er een vrijval van voorzieningen voor de divisies Strip Steel en Plate/Section Steel. Daarbij droegen de deelnemingen in Arubis zo'n 78 miljoen euro.

De omzet daalde met 6 procent tot 6,6 miljard euro, vooral door de ontwikkeling van de verkoopprijzen.

Outlook

Het staalconcern bevestigde zijn winstverwachtingen voor het hele jaar.

Voor de invoering van ‘FitStructure 2.0’ rekent het bedrijf op een lagere omzet van minder dan 9 miljard euro, terwijl het verlies voor belastingen rond de 50 miljoen euro zal zijn.

Het aandeel Salzgitter daalde woensdag 0,7 procent.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 6 november 2019 16:33

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Italian Industry Minister Mr Patuanelli Accuses ArcelorMittal of Blackmail in Ilva Case

Italian Prime Minister Mr Giuseppe Conte said that he would not allow ArcelorMittal to pull out of its acquisition of troubled steel plant Ilva. Mr Conte told reporters “A contract was agreed and we won’t bend on this. We expect that commitments be respected.”

Industry Minister Mr Stefano Patuanelli accused ArcelorMittal of trying to blackmail the country. He said “We won’t allow ArcelorMittal to blackmail the government by threatening more than 5,000 job cuts. Commitments should be upheld.”

But he suggested the government might be ready to issue a decree that spelt out existing legal protections that are already provided by Italy’s constitution. He said “We can consider a norm which explains this principle that is already enshrined in our legal system without making up any specially tailored rules for ArcelorMittal.”

ArcelorMittal announced on Monday it was scrapping a deal to buy Ilva’s site in the southern city of Taranto after Rome reneged on a pledge to grant immunity from prosecution over environmental damage in the area.

A meeting between Conte and ArcelorMittal officials to discuss the issue, initially scheduled Tuesday, has been postponed to Wednesday

Ilva employs 10,700 people across Italy, including 8,000 workers in Taranto. Thousands more jobs depend indirectly on the plant, one of a shrinking number of large-scale industrial employers left in the south.

Source : Strategic Research Institute

Bijlage:

voda 6 november 2019 16:35

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Jingye Group Promises to Ramp up Production at the Scunthorpe Steelworks of British Steel

The Daily Mail Chinese Jingye Group r bidding to save British Steel has promised never to sell the UK company if its rescue plan succeeds. Jingye Group has also vowed to ramp up production at the Scunthorpe steelworks and pour as much money into the ailing plant as it needs to keep going. In a presentation delivered to UK officials on October 29, Jingye chairman Li Ganpo appears to offer to write a blank cheque. A slide seen by the Mail read “Jingye will invest to improve the equipment, boost the efficiency and increase the production for British Steel. All equipment must be in good condition. Need funds? No problem. Jingye is here to invest.”

The firm has emerged as the surprise front-runner to buy British Steel, which went bust in May, leaving thousands of jobs hanging in the balance. Jingye is aiming to strike a deal with the Government by the middle of this month

However, fears remain that plans to save British Steel may still come to nothing, pushing the company out of business, which would be a blow to its 5,000 workers and another 20,000 in the supply chain.

Source : The Daily Mail

voda 6 november 2019 16:35

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JSPL Announces Results for July-September Quarter

Despite of being traditionally the weakest quarter due to lack of construction activity during rains, on back of Angul production ramp up, JSPL Standalone reported a rise in production of 16% YoY for Steel & related products to 1.58 million tonnes (1.36 million tonnes in 2QFY19) and sales during 2QFY19 of 1.46 million tonnes (up 10% YoY). Crude Steel production in Standalone rose to 1.44 million tonnes (up 11% YoY) while sales were at 1.33 million tonnes (up 5% YoY). On the back of a varied product portfolio & sustained efforts to market & sell Value-added, the revenues for JSPL Standalone came in at INR 6,573 crore, while EBITDA was reported at INR 1,255 crore. In 2QFY20, while Rail Universal Beam Mill continues to generate volumes more than double as compared to the same period last year, ,the plate mills continued to roll out plates at the same intensity quarter on quarter.

JSPL Standalone 2QFY20 Performance YoY
Turnover: INR 6,573 crore
EBITDA: INR 1,255 crore
EBITDA Margin: 19%
Steel and related products production: 1.58 million tonnes up 16% YoY
Steel and related products sales: 1.46 million tonnes up 10% YoY
Crude Steel production: 1.44 million tonnes up 11% YoY
Crude Steel sales: 1.33 million tonnes up 5% YoY

JSPL Consolidated 2QFY20 Performance YoY
Turnover: INR 8,939 crore
EBITDA: INR 1,642 crore
EBITDA Margin: 18%
EBITDA Oman: USD 16 million
Crude Steel Production: 1.84 million tonnes; up 10% YoY
Crude Steel Sales: 1.70 million tonnes; down 3% YoY

Source : Strategic Research Institute

voda 6 november 2019 16:36

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NLMK Launches Upgraded Blast Furnace No 6

NLMK Lipetsk has re launched Blast Furnace No 6 following a large-scale upgrade. As a result, the maximum output of the furnace increased by 8% to 3.4 million tonnes of hot metal per year. A new air treatment system captures 99.9% of dust particles, keeping residual dust content at the level of best available techniques of 5 mg/m3. All of the blast furnace gas formed as a by-product in the manufacturing of pig iron is used for energy generation at NLMK’s cogeneration plant, while blast furnace slag is processed into construction materials. The total CAPEX for the project amounted to over RUB 35 billion.

The furnace is equipped with an advanced automated control system with built-in artificial intelligence components. The system is able to autonomously select optimal process parametres, boosting blast furnace performance.

Blast Furnace No 6 was built in 1978, and is now the second most productive blast furnace at NLMK. In addition to BF 6, NLMK Lipetsk operates four other blast furnaces: BF-3 (1.6 million tonnes), BF-4 (2 million tonnes), BF-5 (2.9 million tonnes) and BF-7 (4.2 million tonnes).

Source : Strategic Research Institute

voda 6 november 2019 16:36

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Tenova Installs Fume System Upgrade for VINA Kyoei Steel in Vietnam

Tenova, through its subsidiary Tenova Goodfellow Inc., Canada, has successfully installed and commissioned a Peak Shaver at VINA Kyoei Steel, Vietnam providing continuous improvement for melt shop operations. In September 2018, VINA Kyoei Steel placed the order for the Peak Shaver, inclusive of hardware components, engineering, CFD modeling, commissioning and installation support. The objective of the project was to provide the customer with quantifiable solutions that will address the following areas: fume scattering in melt shop; water leakage from cooling duct and gas cooler-breakages; and clogging of gas cooler and buster fan.

Scope of supply included engineering, supply and start-up of both the Peak Shaver drop out box and refractory and the Peak Shaver Tower. The Peak Shaver Tower is the most effective type of cooling system for the EAF primary fumes. Equipment supplied will be made to measure thus ensuring exact fit to the existing structure.

The system was commissioned in late spring 2019. During commissioning, onsite training was provided to ensure that VINA Kyoei Steel personnel were on board with process techniques, operating procedures and maintenance strategies for the equipment supplied.

This sale is a result of a joint collaboration between Tenova Goodfellow Inc. and Sumitomo Shoji Machinex Corporation to bring relevant breakthrough products to the South East Asia Steel Industry.

Source : Strategic Research Institute

voda 6 november 2019 16:37

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Many Vietnamese Steel Mills Report Losses in Q3

Most steel enterprises in the Vietnam have reported Q3 losses or a plunge in profits. The biggest Q3 loss was suffered by Pomina Steel which reported VND 119 billion (USD 5.14 million) post-tax loss in the third quarter, with revenues falling 14.5% YoY to VND 3 billion (USD 129.47 million). The Tien Len Steel Group also reported a VND 9 billion (USD 388,500) post-tax loss after two quarters of falling profits. Vietnam Italy Steel posted tax loss for the third quarter was VND 75.3 billion (USD 3.25 million), roughly double the loss of the previous quarter.

Vietnam’s biggest steel-maker Hoa Phat Group was one of the few companies that reported profits in the third quarter, albeit lower than the last. Despite a 6.6% increase in revenue to VND 15.1 trillion (USD 651,700), post-tax profits fell 27% YoY to VND 1.8 trillion (USD 77.68 million), and down 10 percent from the previous quarter. The company cited falling global prices for steel for the decline.

Source : Vietnam Express

voda 6 november 2019 16:39

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Ukraine Long-Term Steel Outlook to Remain Bleak - Fitch Solutions

Fitch Solution said :We maintain a bleak outlook for the Ukrainian steel industry over the coming years, weighed down by the ongoing conflict in the Donbas that is disrupting vital supply chains for steel producers. Globally, lower steel prices and rising protectionism in the steel sector will pose further headwinds to the domestic industry's recovery. Low base effects and the restructuring of operations among key producers will lead to a slight recovery in output this year, but production will remain significantly below pre-conflict levels throughout our 10-year forecast period. We believe the Ukrainian steel industry is likely to remain under pressure over the coming years due to a combination of domestic and global challenges. On the domestic front, the ongoing Donbas conflict continues to be the key constraint on Ukrainian steel producers. The conflict began in 2014 following a pro-Russian separatist uprising in the eastern provinces of Luhansk and Donetsk (together forming what is known as the Donbas region). A significant proportion of the Ukrainian iron and steel industry, including a number of steel mills and the vast majority of the country's coal reserves, are located in the Donbas region, and the outbreak of the conflict severely impacted domestic steel production. For example, up to 55 coal mines of the 150 available across the country were lost following the beginning of the conflict, while domestic steel production collapsed from over 2.82 million tonne of crude steel per month in May 2014 to 1.76 million tonne per month by August of the same year.”

It said “While production slowly recovered over 2015 and 2016, any progress on this front was hampered in 2017 following the imposition of the Donbas blockade. An official blockade of all goods passing between Ukraine and rebel-held territories in the Donbass region was put in place by the Ukrainian government in March 2017 after rebels moved to take control of Ukrainian businesses in the Donbass. The blockade, which remains in place to this day has severely disrupted industrial supply chains for steel producers due to the fact that 66% of Ukraine's metallurgical coal needed to make steel lies in the separatist-controlled Donetsk and Lugansk provinces, while approximately 80% of domestic iron ore production, the other key raw ingredient in steel, is located in government-controlled areas. Monthly Ukrainian steel production remains below the 2 million tonne mark as of mid-2019.

Voor cijfers, zie pdf.

It added “Furthermore, our Europe Country Risk team retains the view that an end to the blockade or the broader conflict is unlikely in the long term, despite the recent election of Volodymyr Zelenskiy as Ukrainian president in April 2019 offering some scope for de-escalation in the near term. Indeed, Volodymyr Zelenskiy has made ending the conflict in the Donbas his top priority since coming to power, while an uncompromising stance against the Ukrainian government is seemingly no longer the political mobiliser it once was in Russia. Ultimately however, our Country Risk team believes that we are still a long way from the normalisation of Russia-Ukraine relations due to disagreements between both sides on rigorous preconditions set by Zelenskiy before any talks of elections in the Donetsk Republic and the Luhansk People's Republic take place, as well as the exact nature of any potential 'special status' for the separatist regions. We also hold that Ukraine will fail to restore control of the separatist East from pro-Moscow forces so that any meaningful resolution to the conflict will be difficult to achieve. Our muted forecasts of 1.8% y-o-y average growth in Ukrainian steel production over 2019-2028 are based on the assumption that the status quo will remain in place for the foreseeable future and only in the event of a significant de-escalation of the conflict or an end to the blockade, would we consider revising up our outlook.”

Source : Strategic Research Institute

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voda 6 november 2019 16:48

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First Coil Produced at Nucor Steel Gallatin’s Pickling & Galvanizing Line

Pickling and galvanizing of the first coil in September 2019, marked the production start of the new pickling and galvanizing line at Nucor Steel Gallatin in Ghent, Kentucky, in the U.S.A. SMS group delivered the whole line out of one hand as a system supplier and is responsible for engineering, process technology, furnace technology, pickling and galvanizing technology as well as electrical and automation systems. The “heat-to-coat” technology is characterized by the compact and operator-friendly U-shape design, the turbulence pickling system, the high-power inductive heating system, the FOEN® galvanizing equipment and the Drever after-pot cooling system.

The line is designed to produce 500,000 tons of galvanized hot strip per year with a maximum capacity of 180 tons per hour and a large strip cross section (up to 6.35 millimeter thickness and up to 1,854 millimeter width), which sets a new standard in hot strip galvanizing. There is a broad area of applications for the material, especially in construction, transportation and in the automotive industry and it is possible to substitute galvanized cold strip with hot strip.

Source : Strategic Research Institute

voda 6 november 2019 16:48

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GMS Market Commentary on Shipbreaking in Week 44 in Bangladesh - BSBA Measures

Despite the sale of several larger LDT (dry) vessels at some impressively firm levels in recent weeks, the Bangladeshi market is simply NOT there to support these sales at these levels close to USD 400/LDT and higher, in some cases. It therefore seems as though those Cash Buyers who were banking on a Bangladeshi return to form, may have to lay up / hold their inventory for a while longer at least until another meaningful improvement in levels is forthcoming and these fixtures turn positive in return.

Meanwhile, steel plate prices have once again declined this week (by about USD 6/Ton) and the BSBA had subsequently called a meeting, asking for all local Recyclers to not offer above USD 350/LDT on available unis, in an attempt to control prices. This certainly seems to be another attempt by the Bangladeshi ship recycling fraternity, towards creating another cartel of sorts.

However, it seems rather unlikely that the members will adhere to these rules, given the ongoing shortage of available vessels to purchase and product finally albeit gradually moving from local yards once again.

Source : Strategic Research Institute

voda 6 november 2019 16:49

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Moody's Revises Outlook on Hyundai Steel to Negative

Moody's Investors Service has changed the outlook on Hyundai Steel Company's rating to negative from stable. At the same time, Moody's has affirmed Hyundai Steel's Baa2 issuer rating. Mr Sean Hwang, a Moody's Analyst said that "The negative outlook reflects the increasing likelihood that Hyundai Steel's financial leverage will remain elevated over the next 12-18 months, because sluggish conditions in the domestic and Asian steel industry will continue to strain its profitability.”

At the same time, Hyundai Steel's debt (excluding lease obligations) increased to KRW12.0 trillion as of 30 September 2019 from KRW11.3 trillion as of the end of 2018, driven by sizeable working capital deficits stemming from higher raw material prices.

Weak operating conditions in Asia's steel industry will likely persist in 2020 because of slowing demand growth in China and softening conditions in key end-markets, such as the global auto and domestic construction sectors. These factors will likely limit the benefit of moderating raw material prices, and thereby keep Hyundai Steel's profitability -- as measured by EBITDA per ton -- at a subdued level in 2020, after falling 20%-25% in 2019.

The company's rating also factors in the following environmental, social and governance (ESG) considerations:

First, Hyundai Steel's steel operations face "elevated" environmental risk. Korean steelmakers -- including Hyundai Steel -- have come under increased scrutiny this year from the public and the Korean government regarding possible pollutant emissions from their blast furnaces. Moody's expects Hyundai Steel to increase its environmental-related investments to cope with tightening regulations.

Second, Hyundai Steel is part of HMG's circular ownership, and the group exerts significant influence over Hyundai Steel's strategy and operations, in Moody's opinion. The related governance risk is mitigated by the oversight stemming from public shareholders and independent directors, which take up the majority of the company's board.

Third, Hyundai Steel until 2013 undertook aggressive debt-funded capacity expansions. However, following the successful ramp-up of the new capacities, Moody's believes Hyundai Steel is now more focused on reducing its leverage through modest capital spending and low dividend payments.

The outlook on Hyundai Steel could return to stable if the company improves its financial profile by enhancing its earnings or significantly reducing its debt, such that adjusted debt/EBITDA falls comfortably below 4.5x.

Source : Strategic Research Institute

voda 6 november 2019 16:50

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MIDHANI Registers 48% Turnover Growth in Q2 of FY 2019-20

Defence PSU Mishra Dhatu Nigam Limited achieved a net turnover of INR 170.21 crore during the second quarter of FY 2019-20 registering a growth of about 48% compared to INR 115.17 crore during the corresponding period of the previous year. Profit before tax during the 2nd quarter of FY 2019-20 stood at INR 51.98 crore, registering a growth of about 62% over the profit before tax of INR 32.11 crore recorded in the corresponding period of the previous year. Profit after tax during the 2nd quarter of FY 2019-20 stood at INR 35.85 crore, registering a growth of about 75% over the profit after tax of INR 20.54 crore recorded in the corresponding period of the previous year.

The company has achieved a net turnover of INR 302.36 crore during the first half of FY 2019-20, registering a growth of 37% over the Net turnover of INR 221.18 crore recorded in the corresponding period of the previous year. Profit before tax during the first half of FY 2019-20 stood at INR 87.94 crore, registering a growth of about 65% over the profit before tax of INR 53.30 crore recorded in the corresponding period of the previous year.

MIDHANI specializes in manufacturing a wide range of superalloys, titanium, special purpose steels and other special metals and alloys meeting stringent international standards for application in aerospace, defence, atomic energy, power generation, chemical and various other high technology industries.

Source : Strategic Research Institute

voda 6 november 2019 16:51

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HZL Update on Ongoing Expansion Projects

The ongoing expansion projects are at the verge of completion and reach 1.2 mtpa of mined metal production capacity in H2 FY2020. Capital mine development increased by 20% YoY to 11.7 km in Q2 and by 14% to 23 km in H1. The production shaft at Sindesar Khurd, which was commissioned earlier, is ramped up with associated conveyor & automation system in production.
At Rampura Agucha, the shaft project is in advanced stage and expected to be completed in Q3 FY2020.

At Zawar, India's first ever dry tail stacking plant was commissioned during the quarter. Additionally, the two back fill plants are on track to be commissioned in Q3 FY2020, enabling mining of left out high-grade ore in old pillars.
At Rajpura Dariba, the existing production shaft capacity is being upgraded from 0.7 to 1.3 million tonne per annum to debottleneck the mine and expected to complete in Q4 FY2020.

Smelter debottlenecking to expand capacity to 1.13 million tonne per annum is complete. The commissioning of Fumer Project has commenced and first metal to be out by end of Q3 FY2020.

Digitisation projects at RA and SK mines are on track. Key milestones achieved in quarter include tracking of UG equipment on real-time basis at RA and SK mines, automation of pumping system at RAM, tele-remote operations of drilling equipment & loaders at RAM and centralised task scheduling & management at SKM.

Source : Strategic Research Institute

voda 6 november 2019 18:11

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Vale to Resume Operations at 8 million tonne per year Alegria Iron ore Mine

Vale informed that it has received the necessary authorization from the National Mining Agency to resume the operations of the Alegria Mine, reverting the suspension decision of the operation that has been halted since March 2019. This authorization allows the restart of approximately 8 million tonne per year of the 50 million tonne per year of previously halted production and enables the partial resumption of dry processing at the Alegria Mine, while approximately 42 million tonne per year of iron ore production capacity remains suspended. With the goal to safely return to operations, Vale expects that the increase in production will be up to 1 million tonne in 2019, not impacting expected sales volume this year. For the following years production will gradually return, observing additionally the margin over volume strategy.

Vale reaffirmed its iron ore and pellet sales guidance of 307-332 million tonnes for 2019 and expects sales to be between the lower and the midpoint of the range.

Source : Strategic Research Institute

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voda 6 november 2019 20:43

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Winstval bij Tata Steel in Europa

Tata Steel gezien vanuit Wijk aan Zee. Foto: Lex van Lieshout / Hollandse Hoogte

De Europese tak van Tata Steel is in het afgelopen kwartaal bijna in de verliezen beland. De activiteiten waren goed voor een bruto bedrijfsresultaat van 1,65 miljard roepies (€21 mln). Dat blijkt uit cijfers die het beursgenoteerde Indiase moederbedrijf woensdag heeft bekendgemaakt.

Een jaar eerder noteerde het bedrijf, waarvan het enorme staalcomplex in IJmuiden een belangrijk onderdeel is, nog een winstsom van omgerekend €140 mln. De winstval van 85% illustreert de sterk verslechterde situatie in de Europese staalsector. De gehele industrie heeft last van het lage niveau van de staalprijzen. Dit komt door overcapaciteit en een teruglopende vraag, onder meer van autofabrikanten. Tata Steel Europe zag zijn omzet in de periode juli-september met bijna 12% dalen naar 140 miljard roepies (€1,8 mrd).

Amerikaanse tariefmuren
De Amerikaanse tariefmuren voor staalimport zijn ook een belangrijke bron van de huidige malaise. President Donald Trump besloot vorig jaar om de eigen staalindustrie te beschermen door een importheffing van 25% in te voeren. Daardoor kreeg Europa te maken een toevloed van staal dat voorheen voor de Amerikaanse markt was bestemd.

Tata Steel stuurt nu aan op een grote reorganisatie bij de Europese staaltak. 'We hebben tegen onze Europese collega's gezegd dat we zo snel mogelijk onze kaspositie willen verbeteren', zei Tata Steel-ceo Thachat Viswanath Narendran tijdens een toelichting op de cijfers. 'Als de marktomstandigheden beter waren geweest, hadden we dat punt wellicht al bereikt.'
Enorme bezuinigingen
Vorige maand lekte uit dat er een bezuinigingsprogramma van €830 mln is gepland. Daarvan moet €170 mln komen uit verlaging van de personeelskosten. Hoe dat plan eruit ziet, is nog niet helemaal duidelijk. 'Een team met mensen uit Nederland en Engeland helpt ons met de uitwerking', stelde Narendran. Die groep valt onder leiding van onder meer Henrik Adam, de net aangetreden topman van Tata Steel Europe.

'Het wordt een mix van kosten reduceren, prioriteiten aanbrengen voor de investeringen (capex), zoveel mogelijk geld uit het werkkapitaal halen en de winstgevendheid stuwen', stelde financieel bestuurder Koushik Chatterjee. 'Er is geen magic bullet, niet één wondermiddel. We leggen alle opties op tafel.'
De bestuurders van het Indiase moederbedrijf verwachten dat de uitvoering van het plan tussen de 18 en 24 maanden gaat duren. Naar verwachting maakt Tata Steel in de laatste week van november meer bekend over de maatregelen. Dan wordt de Europese ondernemingsraad ingelicht, zo zeggen betrokkenen.
Banen op de tocht
Vakbonden vrezen voor groot banenverlies. Mogelijk gaan er 2500 arbeidsplaatsen verloren, stelden zij vorige maand. Bij Tata Steel Europe werkten in 2018 nog 21.000 mensen, van wie 9000 in IJmuiden. Het bedrijf heeft in Nederland ook nog vestigingen in onder meer Maastricht, Oosterhout, Nieuwegein en Moerdijk.

Tata Steel boekte als geheel ook geen beste cijfers. De concernomzet daalde met 15% naar 346 miljard roepies (€4,4 mrd). De nettowinst steeg wel naar omgerekend ruim een half miljard euro, maar dit was te danken aan een belastingmeevaller.
'De markt is heel slecht', beaamde cfo Chatterjee. 'Ik heb al vier periodes met een neergang meegemaakt. Maar dit is duidelijk een neergang met het slechtste zicht, omdat er nog geen tekenen van herstel zijn.'

fd.nl/ondernemen/1323559/winstval-bij...

Bijlage:

voda 7 november 2019 07:03

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3e kwartaal en 9 maanden cijfers, in pdf formaat:

corporate.arcelormittal.com/~/media/F...

voda 7 november 2019 07:04

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En de PDF.

Bijlage:

voda 7 november 2019 07:31

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ArcelorMittal presteert beter dan verwacht

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ArcelorMittal
14,524 0,00 0,00 % Euronext Amsterdam

(ABM FN-Dow Jones) ArcelorMittal heeft in het derde kwartaal van dit jaar betere cijfers gerealiseerd dat verwacht, maar heeft de groeiraming voor de mondiale staalconsumptie wel verlaagd. Dit bleek donderdag voorbeurs uit kwartaalcijfers van de staalreus.

In de afgelopen verslagperiode realiseerde ArcelorMittal een EBITDA-resultaat van 1.063 miljoen dollar, hetgeen meer was dan de 930 miljard dollar waar analisten vanuit gingen. Over het derde kwartaal van het vorig jaar was dit nog 2.729 miljoen dollar en over het tweede kwartaal van dit jaar 1.555 miljoen dollar.

Het bedrijf schreef de daling onder andere toe aan seizoenspatronen in de leveringen en negatieve prijseffecten.

Het operationele resultaat kwam uit op 297 miljoen dollar tegen een winst van 1.567 miljoen dollar een jaar eerder en een verlies van 158 miljoen dollar over het tweede kwartaal van dit jaar.

De omzet daalde op jaarbasis van 18.522 miljoen dollar vorige jaar naar 16.634 miljoen dollar over de verslagperiode van 2019. De omzet kwam over het tweede kwartaal van dit jaar uit op 19.279 miljoen dollar.

Onder de streep restte een verlies van 539 miljoen dollar tegen een nettowinst van 899 miljoen dollar over dezelfde periode een jaar eerder en een nettoverlies van 447 miljoen dollar over 2018.

Outlook

ArcelorMittal verwacht dat de mondiale vraag naar staal iets minder hard kan groeien dan verwacht. De vraag zal in 2019 vermoedelijk groeien met 0,5 tot 1,0 procent, waar de staalreus eerder nog uitging van een groei van 0,5 tot 1,5 procent. De staallevering zal op jaarbasis nog steeds groeien.

De onderneming verwacht nu een vlakke trend in de staalleveringen, waar het eerder nog uitging van een stijging op jaarbasis.

De verwachting voor de kapitaalbehoefte is verlaagd van 5,4 miljard dollar naar 5,0 miljard dollar. De investeringen dalen naar verwachting van 3,8 miljard dollar naar 3,5 miljard dollar.

Het aandeel ArcelorMittal daalde woensdag op een groen Damrak 2,5 procent naar 14,52 euro.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 7 november 2019 07:40

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Winst staalconcern ArcelorMittal gedaald

Gepubliceerd op 7 nov 2019 om 07:34 | Views: 0

ArcelorMittal 06 nov
14,52 0,00 (0,00%)

LUXEMBURG (AFN) - Staalconcern ArcelorMittal heeft in het derde kwartaal een lagere winst behaald, terwijl ook de omzet zakte vanwege de moeilijke marktomstandigheden in de staalsector. Het in Amsterdam genoteerde bedrijf presteerde wel duidelijk beter dan analisten hadden verwacht.

Het bedrijfsresultaat, de belangrijkste winstgraadmeter voor het concern, bedroeg bijna 1,1 miljard dollar. Dat resultaat (ebitda) was ruim 2,7 miljard dollar een jaar eerder en bijna 1,6 miljard dollar in het tweede kwartaal van dit jaar. Analisten hadden in doorsnee op een bedrag van circa 940 miljoen dollar gerekend.

De omzet van 's werelds grootste staalproducent kwam uit op 16,6 miljard dollar. Dat was 19,3 miljard dollar in het tweede kwartaal en 18,5 miljard dollar een jaar eerder. De verschepingen van staal namen op kwartaalbasis met ruim 7 procent af tot 20,2 miljoen ton.

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