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voda 21 januari 2020 20:08

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NLMK Group Trading Update for Q4 2019 and 2019

Russian steel giant NLMK Group has published today its Q4 2019 and 12M 2019 operating results. Steel output increased by 1% QoQ to 3.8 million tonnes, following the completion of major repairs at NLMK Lipetsk blast furnace and steelmaking operations. NLMK Group sales grew by 4% QoQ to 4.2 million tonnes.

12M 2019 highlights:

Steel output decreased by 10% YoY to 15.7 million tonnes, due to major repairs at NLMK Lipetsk blast furnace and steelmaking operations. Sales volumes decreased to 17.1 million tonnes (-3% YoY), following the decrease in output.

Sales to 'home' markets grew to 11.4 million tonnes (+7% YoY), driven by growth of demand for finished flat steel and rebar in Russia. Russia accounted for 39% in Group sales (+6 p.p. YoY).

Sales to export markets decreased by 15% YoY to 5.8 million tonnes, due to a decrease in export sales of billets and lower pig iron sales amid major repairs at NLMK Lipetsk.

Q4 2019 highlights:

Steel output grew by 1% qoq to 3.8 million tonnes, driven by growth of production due to the completion of major repairs at NLMK Lipetsk BF and BOF operations. Steel output went down by 13% from Q4 2018.

Sales volumes grew by 4% QoQto 4.2 million tonnes, due to increased sales of pig iron.

Sales to 'home' markets grew by 1% QoQ to 2.9 million tonnes, due to higher sales of hot-rolled steel and long products in Russia. The share of Group sales in Russia totalled 43% (+1 p.p. QoQ).

Sales to export markets reached 1.3 million tonnes (+2% QoQ), as slab supplies were redirected to NBH.

Voor cijfers, zie pdf.

Source : Strategic Research Institute

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voda 22 januari 2020 08:45

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'Italiaanse overheid wil werkgarantie bij Ilva-fabriek'

Gepubliceerd op 22 jan 2020 om 08:28 | Views: 143

ArcelorMittal 21 jan
14,22 0,00 (0,00%)

MILAAN (AFN) - De Italiaanse overheid heeft staalconcern ArcelorMittal gevraagd om een werkgelegenheidsgarantie bij de grote fabriek Ilva in de Zuid-Italiaanse stad Tarente. Dat meldt Il Sole 24 Ore. De krant gaf niet aan waar het de informatie vandaan had.

De overheid en ArcelorMittal moeten van de rechter uiterlijk op 7 februari met een overeenkomst inzake Ilva komen. Het grootste struikelblok lijkt daarbij de werkgelegenheid.

voda 22 januari 2020 15:49

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ArcelorMittal Italia Shuts Steel Mill 1 Laying Off 250 Workers

SteelOrbis reported that ArcelorMittal Italia informed local metalworkers' unions that it will halt its steel mill 1 in Taranto from Thursday, January 23, until the end of March. 250 out of 457 employees will be laid off, while the rest will be relocated to steel mill 2. Part of the production of steel mill 1 will be moved to steel mill 2. According to unions, the new production structure is due to a poor supply of raw materials and the current production capacity linked to the orders situation.

The unions have expressed their opposition to the company's decision as they believe that the temporary transfer of production to steel mill 2 may have negative repercussions in terms of safety and the environment. They said that "ArcelorMittal's choice is unacceptable because, to date, no industrial plan has been shared with the government and the trade union organizations. Accordingly, immediate suspension of unilateral initiative is required."

Source : SteelOrbis

voda 22 januari 2020 15:51

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Chinese Cedar Holdings Buys Steel Trader Stemcor

Leading privately held, leading global steel trading and distribution company Stemcor Global Holdings Ltd announced that a Sales and Purchase Agreement has been agreed that will see the entire share capital of the Group purchased by Cedar Holdings Group Co Ltd. The transaction is subject to various completion conditions and approvals, which Stemcor and Cedar will jointly work on to achieve during the first half of 2020. Stemcor Group CEO Mr Steve Graf said “Transitioning from a supportive but diverse shareholder group to a long-term strategic shareholder is the natural next step for Stemcor. This transaction will build on our recent successes and is a culmination of years of extraordinary work by our outstanding employees worldwide. We are excited that Cedar is taking this step with us and believe that the combination of their scale and resources with our global network of customers, suppliers and relationships will provide benefits for all.”

According to media reports Cedar Holdings Group paid about USD 50 million

Stemcor was formed in London in 1951 and is an international steel trader, distributer and stockholder. The Group grew rapidly in the two decades to 2008 but was severely affected by the global financial crisis that started at the back end of the last decade. By May 2013, the company had reached a standstill agreement with its creditors. In October 2015, the group completed its restructuring process with the historically profitable trading, distribution and stockholding units unbundled into a new holding company, Stemcor Global Holdings Ltd, under new ownership. Iron ore mining and pellet operations based in India, along with certain other assets, remained in the old Stemcor Group which was subsequently renamed Moorgate Industries. During 2016 and 2017 Stemcor embarked on a repositioning of its operating footprint, focussing on its core trading and distribution activities and exiting most stockholding and other fixed asset business units.

Cedar is a leading privately owned commodities business, founded and headquartered in Guangzhou, China, and listed on the Fortune Global 500.

Source : Strategic Research Institute

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voda 22 januari 2020 15:52

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ED Opposes Dropping of Investigation against BPSL

Business Standard reported that Enforcement Directorate has said it cannot drop the ongoing investigation against Bhushan Power and Steel because the immunity provided by the new provision in the insolvency law is not applicable to the new promoter JSW Steel. In its affidavit to the appellate tribunal, the ED said that founders of JSW and BPSL are so called related parties as they had a joint venture for a coal block. ED said “Although the existing law allowed the prosecution to be withdrawn in case a bankrupt company is taken over by a new management, it does not exempt related parties from prosecution.”

Further, the ED said the newly-inserted Section 32A of the Insolvency and Bankruptcy Code is not applicable to the JSW-Bhushan deal. This was because the acquisition was approved last year before the amendment came into force.

The move could make JSW Steel liable for offences committed by the previous management.

JSW Steel, which emerged successful bidder for BPSL with its bid of INR 19,700 crore, filed an appeal against the ED move before the National Company Law Appellate Tribunal. Earlier, on October 14, the NCLAT directed the ED to release BPSL’s properties attached by the agency on JSW Steel’s plea, alleging siphoning off of funds by its erstwhile promoters of BSPL.

Source : Business Standard

voda 22 januari 2020 15:53

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Uttam Galva Challenges Deutsche Bank Move in NCLT

Uttam Galva has challenged Deutsche Bank’s application at the National Company Law Tribunal for the recovery of USD 20 million. The counsel for Uttam Galva opposed Deutsche Bank’s application saying that “An unstamped document cannot be admissible as evidence under the Indian Evidence Act. Deutsche Bank had relied on an unstamped credit facility agreement as its primary evidence. Although the agreement was executed in Singapore, it must have been stamped as it related to a transaction in Maharashtra. Therefore, the bank’s application must be quashed. The claim for recovery of debt was time-barred and not maintainable under the IBC. Deutsche Bank’s claim wasn’t made within the three-year period.”

Deutsche Bank AG has moved an insolvency application against Uttam Galva Steels Ltd at the National Company Law Tribunal to recover dues against the foreign currency denominated loans its Singapore branch extended. Deutsche Bank said in its petition that Uttam Galva Steels had taken foreign currency denominated loans from its Singapore branch as an external commercial borrowing under a credit facility agreement in 2013, which was enhanced to USD 20 million. The counsel for Deutsche Bank argued that “Uttam Galva Steels had admitted in emails that the bank was a financial creditor by accepting that the payments were made to service interest. Its claims were within the limitation period applicable for insolvency application and isn’t time barred. Accounting treatment given to the bank’s loan in Uttam Galva Steel’s books cannot override the fact that the bank was a financial creditor.”

A Mumbai bench of the NCLT, comprising Bhaskara Pantula Mohan and Rajesh Sharma, adjourned the hearing in the case to January 30.

As per a report in BloombergQuint, Uttam Galva Steels entered into a transaction for purchase of goods and services from Japan’s Mitsui Company under a letter of credit facility from Punjab National Bank. The company directed Deutsche Bank to make payments to PNB on its behalf. The steelmaker, however, started defaulting on its obligations under the credit facility agreement, following which Deutsche Bank sent a notice of termination to it in February 2016. Deutsche Bank initiated insolvency proceedings against the company in November 2018 after several notices seeking repayment elicited no response from the company.

Source : Strategic Research Institute

voda 22 januari 2020 16:05

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Primetals Technologies to Supply Staves for Blast Furnace of China Steel Corporation

China Steel Corporation subsidiary China Steel Machinery Company has placed an order with Primetals Technologies to supply staves for CSC’s blast furnace 2 at the company’s Kaohsiung plant. The new staves are part of the third rebuild of blast furnace 2. The aim is to extend the furnace´s lifetime by a further 18 years. In future, five out of six blast furnaces operated by CSC and their subsidiary Dragon Steel will operate with equipment from Primetals Technologies. Final delivery is expected for end of June 2020.

Blast furnace 2 has a hearth diameter of 12 meters and an inner volume of approximately 3,300 cubic meters. Average production is 6,900 metric tons per day. The third rebuild of blast furnace 2 includes a complete shell and cooling system replacement. The cooling system will be a combination of copper and cast-iron staves from hearth to upper stack. Primetals Technologies was contracted to supply 9 rows of cast-iron staves.

The installation of the new staves is scheduled to take place during a planned shutdown period in 2020. Blow-in of the rebuilt furnace is expected for early 2021.

Source : Strategic Research Institute

voda 22 januari 2020 16:05

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Quebec Investor Group Buying Canam Group's Canadian Operations

Placements CMI (Marcel Dutil family), Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ have signed a definitive agreement with the American Industrial Partners equity firm to acquire all of Canam Group’s Canadian operations, as well as certain assets in the United States and overseas. The transaction is expected to close in the coming weeks and will total more than CAD 840 million. The transaction is subject to customary regulatory approvals. Under the terms of the agreement, the new company will now be owned equally by this group of Québec investors.

The new company will bring together the Canam Buildings plants located in St. Gédéon-de-Beauce, Boucherville, Mississauga and Calgary, and the Canam Bridges plants located in Quebec City, Laval and Shawinigan (TecFab). The engineering and drafting offices in Brasov, Romania and Kolkata, India, Stonebridge’s erection operations in South Plainfield, New Jersey, as well as Canam Bridges US’s assets located in Claremont, New Hampshire, will also be part of the new company.

The operations of US subsidiaries Canam Steel Corporation and FabSouth are not affected by this transaction and remain jointly owned by AIP and the Quebec investor group, under the terms of the transaction completed in 2017.

Source : Strategic Research Institute

voda 22 januari 2020 16:06

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Yottaasys Develops AI Driven Automatic Surface Defect Detection for Hot Rolling Metals

Bangalore base AI firm Yottaasys said that a steel-manufacturer with plants in multiple countries was experiencing quite a few production delays due to manual surface defect identification of billets in one of their high priority plants specifically for high value finished steel finished goods like flat steel plates etc. The estimated value of this loss was a few million dollars per annum and the only way possible to recover the cost was creating a robust solution which could have a 360-degree impact. To automate major aspects of quality control and automate defect detection in Billets using the latest technological advancements in Artificial Intelligence and Computer vision, NIRMAAN Powered Automatic Surface-Inspection System (has been developed. NPASIA is an online surface-quality Inspection System using its Proprietary Tool Dhrishti that helps address this challenge by detecting and automatically classifying all surface defects visible on the strip: inclusions, mechanical damage, scales, repeating defects such as roll marks and dents, as well as coating defects and other imperfections. NPASIA Dhrishti is available across flat-product rolling and processing applications: This can be implemented across hot mills, pickling lines, cold mills, continuous annealing lines, metallic coating lines, hot-dip galvanising lines, electrolytic galvanising and tinning lines, color-coating lines, and stainless-steel lines.

Manual inspection of Steel billets or casters is challenging because a person is unable to apply a consistent level of inspection all over the billets at the required throughput speed. This means defects are missed and get delivered to the customer and may have additional value added before the defects are noticed. When this occurs the customer generally makes a claim on the company, not only for the lost tonnage, but also for the added value and associated costs. Therefore, the claims can be high and disproportionate to the value of the Bars/Rolls.

Source : Strategic Research Institute

voda 22 januari 2020 16:06

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BaoSteel Orders Danieli Peeling Machines

A new-concept Danieli peeling machine for large diameters has been ordered by Baosteel. Following the excellent operational results achieved by the peeling machine for special steel bars in operation at Baoshan plant since February 2019, Baosteel confirmed its preference for Danieli downstream finishing processes and ordered a new peeling machine to be installed also at Baoshan plant in March 2020. Featuring a new design to fulfill the fully automatic without changing tools position concept, the new machine will peel large-diameter bars up to 200 mm. This original, technical solution reduces production time up to 15% and performs both cylindric and conical shape bar peeling. The machine is very compact and its stiffness guarantees ISO h8 tolerance continuous production.

The above performances have been confirmed during the full testing at Danieli workshops before shipping.

The total supply time from order to startup requested by Baosteel is 12 months.

Source : Strategic Research Institute

voda 22 januari 2020 16:08

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NLMK Russia Flat Products Performance in 2019

12M 2019 performance - Steel output and sales declined by 10% YoY to 12.0 million tonnes and by 8% yoy to 12.5 million tonnes, respectively, due to major repairs at NLMK Lipetsk blast furnace and BOF operations. Finished steel sales increased by 5% YoY to 5.8 million tonnes due to increased demand for hot-rolled steel in the Russian market. Sales of semi-finished products to 3rd parties were down by 2% YoY to 3.6 million tonnes: higher demand for feedstock for pipe production in the Russian market partially offset the decrease in the supply of commercial pig iron following repairs at NLMK Lipetsk BF operations. Sales of semis to the Group companies and NBH dropped to 3.1 million tonnes (-28% YoY) due to lower slab requirements at European companies and discontinued slab supply to NLMK USA. Sales in Russia grew by 15% YoY to 4.65 million tonnes due to increased demand for hot-rolled steel and feedstock for LDP production. Export sales decreased by 17% YoY to 7.8 million tonnes amid decreased sales of pig iron, and slabs to Group companies and NBH.

Q4 2019 performance - Steel output climbed 6% QoQ to 3.0 million tonnes. Sales of the Segment grew by 16% QoQ to 3.2 million tonnes amid an increase in steel and commercial pig iron output. Sales of finished steel grew by 3% QoQ to 1.5 million tonnes due to an increase in demand for hot-rolled steel in the Russian market. Sales of semi-finished products to 3rd parties went up by 13% QoQ to 0.9 million tonnes due to an increase in sales of commercial pig iron. Sales of semi-finished products to the Group companies and NBH reached 0.9 million tonnes (+ 55% QoQ). Sales in Russia grew by 7% QoQ to 1.3 million tonnes, due to increased demand for hot-rolled steel. Export sales increased by 23% QoQ to 2.0 million tonnes, amid higher sales of pig iron to 3rd parties and slabs to the Group companies and NBH.

Voor cijfers, zie pdf.

Source : Strategic Research Institute

Bijlage:

voda 22 januari 2020 16:10

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Severstal Invests in Airborne to Automate Composites Manufacturing

Russian steel maker Severstal announced that it has invested in Dutch company Airborne, a global leader in developing digital automation platforms for the production of composite parts, and products with integrated composites. Airborne has developed and brought to market a unique set of digital technologies that increase the efficiency of carbon fiber composite production by automating the production process. The company is in the process of commercialising the automated production cells and software. At its facilities in the Netherlands and the UK, Airborne manufactures composite products for a broad range of sectors including the automotive, construction, shipbuilding, aerospace, electronics and wind power industries.

Using automation cell technology can help reduce the cost of producing composite products and their development cycle while ensuring consistent quality at a high production speed.

Working together with Severstal’s technical development and quality department, Airborne will examine the potential of integrated solutions based on composites and steel, and Severstal will offer its clients the opportunity to test these integrated solutions.

Source : Strategic Research Institute

voda 22 januari 2020 16:11

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Moody's Completes Review of Ratings of Tata Steel UK Holdings Limited

Moody's Investors Service has completed a periodic review of the ratings of Tata Steel UK Holdings Limited and other ratings that are associated with the same analytical unit. Tata Steel UK Holdings Limited's (TSUKH) B2 corporate family rating (CFR) reflects the company's (1) large and diversified manufacturing operations across the UK and the Netherlands; and (2) our expectation of ongoing distress support from its sole shareholder, Tata Steel Ltd. (Ba2 stable), resulting in a two-notch uplift in TSUKH's CFR. Such support has been provided in the form of working capital and liquidity support and remains key to TSUKH's operations.

Counterbalancing these strengths, the rating also incorporates TSUKH's (1) exposure to the cyclical steel industry and challenging conditions in key operating markets; (2) volatile profitability due to the lack of raw material integration at TSUKH; and its (3) weak, albeit improving, financial profile.

Source : Strategic Research Institute

voda 22 januari 2020 16:11

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Steel Production Capability Utilization in US in Week 03 Surges to 82.7%

In the week ending on January 18, 2020, domestic raw steel production was 1,928,000 net tons while the capability utilization rate was 82.7 percent. Production was 1,871,000 net tons in the week ending January 18, 2019 while the capability utilization then was 80.4 percent. The current week production represents a 3.0 percent increase from the same period in the previous year. Production for the week ending January 18, 2020 is up 0.3 percent from the previous week ending January 11, 2020 when production was 1,923,000 net tons and the rate of capability utilization was 82.5 percent.

Adjusted year-to-date production through January 18, 2020 was 4,936,000 net tons, at a capability utilization rate of 82.3 percent. That is up 2.6 percent from the 4,812,000 net tons during the same period last year, when the capability utilization rate was 80.4 percent.

Broken down by districts, here's production for the week ending January 18, 2020 in thousands of net tons: North East: 216; Great Lakes: 686; Midwest: 208; Southern: 730 and Western: 88 for a total of 1928.

Source : Strategic Research Institute

voda 22 januari 2020 16:25

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Ukrainian Steel Making Slips by 1% in 2019

According Ukraine’s Ministry of Economic Development, Trade and Agriculture, mkranian Metallurgical enterprises cut steel smelting by 1% in 2019 compared with 2018, to 20.848 million tonnes, output of total rolled metal also decreased 1%, to 18.387 million tonnes and pig iron production fell by 2%, to 20.064 million tonnes.

Scrap metal supplies to metal enterprises last year fell by 10% to 3.011 million tonnes.

In 2019, pipe production fell by 9%, to 1.005 million tonnes, coke by 7%, to 10.059 million tonnes

Mining enterprises last year increased iron ore production by 4%, to 75.710 million tonnes, production of iron ore concentrate grew by 5%, to 63.084 million tonnes, but they reduced prepared iron ore by 3%, to 51.675 million tonnes, including sinter production that decreased by 2%, to 30.911 million tonnes, and pellets that fell by 3%, to 20.764 million tonnes.

Source : Open 4 Business

voda 22 januari 2020 16:27

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Details of US China Phase One Trade Deal

President Donald Trump and Chinese Vice Premier Liu He formally signed an interim, phase one trade deal that has eight chapters. The chapters are: intellectual property, technology transfer, food and agriculture trade, financial services, macroeconomic and currency policy, expanding trade, dispute resolution, and final provisions. As part of the pact, which will go into effect on February 14, 2020, China committed to buying an additional USD 77.7 billion in U.S.-manufactured goods (and USD 200 billion in total goods), including iron and steel products. For its part, the United States agreed to reduce tariffs on about USD 120 billion worth of Chinese consumer goods from 15 percent to 7.5 percent.

Still, the agreement leaves in place US tariffs on nearly $250 billion in Chinese goods, and it does not impact the United States’ Section 232 tariffs, nor does it include measures to address steel and aluminum overcapacity in China.

Regarding currency issues, the pact commits the two countries to following International Monetary Fund provisions avoiding currency manipulation and to achieving and maintaining a market-determined exchange rate regime.

In addition to agreeing to this provision, the US government last week dropped its formal designation of China as a currency manipulator. The decision marks a reversal from August 2019 when the Trump administration labeled China a currency manipulator for the first time in nearly 30 years.

Source : Strategic Research Institute

voda 22 januari 2020 16:29

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Service Center Steel Shipments in US Declive YoY in December 2019

Metals Service Center Institute reported that US service center steel shipments in December 2019 decreased by 4.2% from December 2018. Canadian service center steel shipments in December 2019 increased by 0.3% from December 2018.

Source : Strategic Research Institute

voda 22 januari 2020 16:29

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Rio Tinto Update on Iron Ore Production in Q4 and 2019

Pilbara operations produced 326.7 million tonnes (Rio Tinto share 270.7 million tonnes) in 2019, 3% lower than 2018. Fourth quarter production of 83.6 million tonnes (Rio Tinto share 68.8 million tonnes) was 3% lower than the same quarter of 2018 and 4% lower than the previous quarter due to normal maintenance cycles and mine sequencing. Overall material moved in 2019 was the highest on record. 2019 shipments of 327.4 million tonnes (Rio Tinto share 272.5 million tonnes) were 3% lower than 2018. In the first half of 2019, shipments were impacted by significant weather disruptions, a fire at the Cape Lambert A port facility and operational challenges. Fourth quarter shipments of 86.8 million tonnes (Rio Tinto share 71.3 million tonnes) were 1% below the same quarter of 2018.

In 2019, approximately 22% of sales were made on a cost and freight (CFR) basis, 46% were made on a cost, freight and insurance (CIF) basis and 32% were made on a free on board (FOB) basis.

In 2019, Rio Tinto achieved an average iron ore price of USD 79.0 per wet metric tonne on an FOB basis (equivalent to USD 85.9 per dry metric tonne, based on an average moisture rate of 8%). In 2018, average pricing was USD 57.8 per wet metric tonne (equivalent to USD 62.8 per dry metric tonne).

The Koodaideri iron ore mine is continuing to progress, with key construction activities on schedule. We commenced work on the major structural foundations in the fourth quarter and expect first ore in late 2021, consistent with previous guidance.

First ore from the Robe River Joint Venture sustaining production projects (West Angelas C&D and Mesa B, C and H at Robe Valley) is expected in 2021, consistent with previous guidance. All major environmental approvals have been received with the exception of the Mesa H approval. Procurement and construction activities are progressing, with concrete pouring commencing at West Angelas and Robe Valley civil contractors mobilising to site.

Source : Strategic Research Institute

voda 22 januari 2020 16:31

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BHP Announces Operational Review for H1

BHP Chief Executive Officer Mr Mike Henry said “We delivered solid operational performances across the portfolio in the first half of the 2020 financial year, offsetting the expected impacts of planned maintenance and natural field decline. Production and cost guidance is unchanged, and we remain on track to deliver slightly higher production than last year. Our six major development projects are progressing well, and we continue to advance our exploration programs in petroleum and copper.”

Voor cijfers, zie pdf.

Total iron ore production increased by two per cent to 121 million tonnes (137 million tonnes on a 100 per cent basis). Guidance for the 2020 financial year remains unchanged at between 242 and 253 million tonnes (273 and 286 million tonnes on a 100 per cent basis), with a stronger second half performance expected in line with BHP plans.

At WAIO, higher volumes reflected record production at Jimblebar and the impact of the train derailment in the December 2018 half year. This was partly offset by a major car dumper maintenance campaign (completed on 16 October 2019) to further improve port reliability and provide a stable base for our tightly coupled supply chain. Mine operations continued to deliver consistent performance.

Consistent with our revised mine plan, BHP expects Jimblebar fines Fe grade to improve in the second half of the 2020 financial year, with the typical specification returning to above 60 per cent in the June 2020 quarter.

Mining and processing operations at Samarco remain suspended following the failure of the Fundão tailings dam and Santarém water dam on 5 November 2015. Approval of the Corrective Operating Licence for Samarco’s operating activities at its Germano Complex was received in October 2019 and operation readiness activities for restart have commenced. Restart can occur when the filtration system is complete and Samarco has met all necessary safety requirements, and will be subject to final approval by Samarco’s shareholders.

Source : Strategic Research Institute

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voda 23 januari 2020 17:58

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Arcelormittal South Africa geeft winstwaarschuwing

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ArcelorMittal
13,984 -0,268 -1,88 % Euronext Amsterdam

(ABM FN-Dow Jones) Arcelormittal South Africa heeft donderdagmiddag gewaarschuwd voor een flink lager resultaat.

Het Zuid-Afrikaanse bedrijf zei dat 2019 het meest uitdagende jaar was voor de mondiale staalindustrie sinds de financiële crisis. Dit maakte dat Arcelormittal South Africa in actie moest komen, wat gevolgen had voor het personeelsbestand, dat met duizenden werd teruggebracht.

Deze maatregelen brengen een “uitzonderlijk hoge” afschrijving met zich mee, zei Arcelormittal South Africa. Details hiervan volgen op 6 februari.

Arcelormittal South Africa waarschuwde donderdag al dat de kernwinst in 2019 ten minste 4,3 miljard rand lager uit zal vallen dan in 2018, toen de winst op 968 miljoen rand uitkwam.

Het aandeel Arcelormittal South Africa daalde op beurs van Johannesburg met ruim 6 procent.

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

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

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