Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 1179 1180 1181 1182 1183 1184 1185 1186 1187 1188 1189 ... 1755 1756 1757 1758 1759 » | Laatste

Omlaag ↓

voda 15 juni 2020 17:06

2 Workers Killed in Fuel Tank Blast at JSPL Scrap Yard

PTI reported that two of the four workers injured in a fuel tank explosion at a Jindal Steel and Power Limited steel plant in Chhattisgarh’s Raigarh district have succumbed to their injuries at a private hospital. The blast had occurred on last Wednesday evening when the workers were cutting an old diesel tank with a gas cutter at a scrap yard in the premises of Jindal Steel and Power Limited. Four persons had suffered burn injuries in the blast and they were admitted to the private hospital. Police suspect there was some diesel or gas in the tank, which might have come in contact with the flame while it was being cut with the gas cutter, causing an explosion.

A case has been registered in connection with the incident and investigation is underway.

Source : Strategic Research Institute

voda 15 juni 2020 17:07

2 Thyssen Managers Soon to be Jailed in Italy

ANSA reported that two German managers who have been convicted over the December 2007 fire at the Thyssenkrupp steelworks in Turin that killed seven workers will shortly be jailed. Former CEO Harald Espenhahn, whose sentence was reduced on appeal to 9 years and 8 months, and Gerald Priegnitz, whose term was cut to 6 years and 3 months, saw their final appeals rejected by Germany's high court in January.

Victims' relatives have been calling for the two managers to be jailed for years.

Source : Strategic Research Institute

voda 15 juni 2020 17:07

Severstal Denies Interest in Thyssenkrupp Assets

Reuters reported that Russian steelmaker Severstal has no plans to get involved in industry consolidation in Europe, its finance chief said, effectively narrowing a list of potential partners for Germany’s Thyssenkrupp. Severstal’s CFO Alexey Kulichenko told Reuters “We have not considered the cases. Europe today does not look like an attractive option.”

Thyssenkrupp said last month it could put its steel unit, Europe’s second-largest, on the block, prompting investment banks and law firms to jostle for a role in the expected shakeout.

Source : Strategic Research Institute

voda 15 juni 2020 17:08

Fire Reported at POSCO Steel Mill at Pohang

Korea Herald reported that firefighters put out a fire that broke out at POSCO's steel mill in the southeastern part of the country on Saturday, with no casualties reported. The fire broke out at 12:30 PM at the steel mill in Pohang, North Gyeongsang Province. It was extinguished about two hours later.No casualties have been reported as the steel mill's workers evacuated immediately. The fire broke out at a stainless steel production plant.

POSCO, however, said there were no disruptions to its production as the line was already under maintenance.

Source : Strategic Research Institute

voda 15 juni 2020 17:08

Evraz Lays off another 65 at Portland Steel Mill

Oregon Live reported that Evraz notified state employment officials it’s plans to lay off another 65 at its North Portland mill amid a significant business downturn. Evraz said the layoffs would continue over approximately two months at it reduces the number of crews working at its plate rolling mill.

The company laid off 230 Portland workers in April, early in the coronavirus outbreak, as it shut down its spiral mill,- also citing a significant downturn in its business. The company had approximately 600 Portland employees at the start of the pandemic.

Source : Strategic Research Institute

voda 15 juni 2020 17:09

Thailand Ends Safeguard Measures on HR Steel Import

Thailand’s Ministry of Commerce will no longer extend safeguard measures on imports of HR coils and sheets of 0.9-50 mm thickness and 600-3048 mm width. On June 2, 2020, a resolution was passed to not extend the period of enforcing protection measures from importing products

The measures were applied from June 7, 2017 to June 6, 2020.

Local producers Sahaviriya Steel Industries, G Steel and GJ Steel filed a petition to consider extension of protection measures for HR products for three more years, following which the Department of Foreign Trade opened the review.

Only safeguard measures were lifted. AD is under the review. Final result of review will come out within one year.

Source : Strategic Research Institute

voda 15 juni 2020 17:10

Supreme Court Directs CoC to clarify stand on JSW Steel petition on BPSL

Business Line reported that the Supreme Court has directed parties involved in the Bhushan Power and Steel insolvency case to file additional documents and affidavit within two weeks. The apex court also directed the Committee of Creditors to clarify on the application filed by JSW Steel. The next hearing in the case is slated for July 6.

While hearing a petition filed by BPSL promoters in March, the Supreme Court refused to stay the resolution plan and said if JSW Steel makes the payment for purchase of BPSL and loses the case, lenders have to return the money to JSW Steel. Following this, JSW Steel pleaded not to treat the company as a defaulter if it doesn’t make the payment for now.

Source : Strategic Research Institute

voda 15 juni 2020 17:10

Air Liquide to build ASU at POSCO’s Pohang Plant

Air Liquide Engineering & Construction will design and build an air separation unit at POSCO’s Pohang site. ASU will produce oxygen, nitrogen and argon and have a production capacity of 1,700 tonnes per day of oxygen. The oxygen and argon produced will be used to transform iron into high quality steel and enable POSCO to improve efficiency of the production process, Air Liquide explained in a statement.

This new ASU, replacing two existing units on the Pohang site, will be designed and built using Air Liquide’s best-in-class cryogenics technologies, thereby maximising energy efficiency and reducing environmental footprint.

Air Liquide has been working with POSCO for more than 30 years and has supplied 20 ASUs to POSCO’s Pohang and Gwangyang sites.

Source : Strategic Research Institute

voda 15 juni 2020 17:53

Australia Opens Anti-Dumping Probe on Painted Steel Trapping from China & Viet Nam

Australia’s Anti-dumping Commission has initiated an investigation into alleged dumping and subsidisation on painted steel trapping exported to Australia from China and Viet Nam. The investigation was initiated following an application lodged by Signode Packaging Group Australia Pty Ltd (Signode), a manufacturer of painted steel trapping in Australia. According to the Anti-dumping Commission’s notice, the application alleged that the goods had been exported from China and Viet Nam to Australia at prices lower than their normal value.

In the application, Signode claimed that its production costs increased since 2016 but it had been unable to increase its selling prices due to distributors purchasing dumped and subsidised imports from China and dumped imports from Viet Nam at prices that undercut Signode Australia’s selling prices. The company had to reduce its selling prices in order to maintain sales volumes.

Source : Strategic Research Institute

voda 16 juni 2020 14:45

GFG Alliance Sets Out Global Plans to Adjust to Post COVID19 Economy

GFG Alliance last week set out both an accelerated investment programme and a productivity drive globally, targeting up to 30% overall efficiency gains, to adapt its businesses to the post-pandemic environment. GFG Alliance also reaffirmed its commitment to develop environmentally sustainable GREENSTEEL, GREENALUMINIUM and to progress towards carbon neutrality, as a group, by 2030. As part of the group’s carbon neutral by 2030 programme, the following investment plans are being prioritised across our three primary steel operations, for delivery over the next 3-5 years:

A direct reduced iron facility and two electric arc furnaces at LIBERTY Steel Galati in Romania, supported by the country’s Government, the national gas company, research and educational institutions

Europe’s first hybrid furnace, blending electric arc and blast furnace steelmaking, at LIBERTY Steel Ostrava in the Czech Republic, allowing the business to use higher volumes of local steel scrap and emit less carbon dioxide

Transformation of the Whyalla steelworks in Australia through a transition away from its blast furnace in due course, by investment in an electric arc furnace, a direct reduced iron facility and a new state-of-the-art rolling mill

ALVANCE Aluminium and SIMEC Energy will announce updates on their investment plans separately.

In addition to accelerating the CN30 investment program, and in order to put our businesses on a firm economic footing, GFG is also implementing an immediate global efficiency drive to help adjust to a new market environment. GFG aims to deliver up to 30% in overall efficiency gains through the following steps:

Overhead optimisation: A comprehensive review of corporate overheads is underway with a view to reducing costs and enshrining new working practices. This will include reviewing office space usage, implementing greater use of digital tools, reviewing travel policies and introducing flexible working.

Efficiency and productivity programs: Many GFG businesses have already put continuous improvement programs in place, seeking multiple detailed initiatives to increase yields and improve operational performance. Dedicated review teams will be set up, supervised directly by senior management including Executive Chairman Sanjeev Gupta to optimise operations globally based on new market conditions.

Headcount reduction: GFG Alliance businesses are adjusting to lower levels of demand. With regret, this will mean we cannot avoid a reduction in roles in certain locations. We will explore and exhaust all options to minimise the impact on our people, including natural attrition and redeployment with support from GFG Workforce Solutions.

GFG Alliance sites will begin implementing local plans over the next three months.

Source : Strategic Research Institute

voda 16 juni 2020 14:45

Tata Steel Netherland Employees Hold Further Strike Actions

Reuters reported that Dutch Tata Steel employees held further strike actions on Monday to protest against job cuts planned as part of a broader restructuring. It was the third day of strike actions at IJmuiden since they began on June 10, as employees demand a guarantee that a planned transformation of Tata’s European steel activities will not lead to redundancies at Dutch operations.

A strike by workers on the nightshift, which started on Sunday at 2000 GMT, caused the entire production of packaging steel at Tata’s IJmuiden plant to come to a standstill

FNV and other labour unions together represent more than 50% of Tata’s 9,000 employees in IJmuiden.

Source : Strategic Research Institute

voda 16 juni 2020 14:59

Andhra Pradesh to infuse INR 500 Equity in Kadapa Steel Plant

Andhra Pradesh Chief Minister Mr YS Jagan Mohan Reddy after holding a review meeting on Kadapa Steel Plant said that it will have INR 500 crore equity and negotiations are on with big-ticket companies for a joint venture with the state-owned AP High Grade Steels Limited. He asked the officials to complete the negotiations soon and finalise the partner in two months

As per media reports, IMR Metallurgical Resources, Hyundai Steel, Tata Steels and Essar Steels have come forward to partner with the state government

The plant with three million tonne per annum production capacity would be completed in three years in Sunnapurallapalli village in his native Kadapa district. The state government already signed a memorandum of understanding with the NMDCfor supply of about five million tonnes of iron ore for thesteelplant every year.

Source : Strategic Research Institute

voda 16 juni 2020 15:00

PESB Starts search for next RINL Chairman

Public Enterprises Selection Board vide a notification dated June 11th 2020 has solicited applications for the post of chairman of Rashtriya Ispat Nigam Ltd. While the minimum age of an applicant should be 45, he or she must be a graduate with a good academic record from a recognised university or institution. In terms of experience, the applicant should have adequate experience at a senior level of management in an organisation of repute. Applicants with experience in finance, marketing and production will have added advantage. The notification also said a person working with state PSEs or private sector companies can also apply for the post, but he or she should be working at a board-level position.

While an applicant from the central government or all-1 ndia services can also apply, if he or she conveys unwillingness in joining the post after the interview is held, the person would be debarred for a period of two years for being considered for a board level position in any central PSE. The same will happen if the person does so after issuance of the offer letter.

The age of superannuation is 60 years, and the last date to submit entries is August 20, 2020.

Rashtriya Ispat Nigam Ltd current chairman Mr PK Rath is scheduled to retire in May 2021. He assumed the position in September 2018.

Source : Strategic Research Institute

voda 16 juni 2020 15:00

JSW Steel USA restarting Ohio EAF & Rolling Mill

S&P Global reported that JSW Steel USA is restarting its electric arc furnace, or EAF, and hot rolling mill at Mingo Junction in Ohio in the week of June 15, after the operations were temporarily idled in mid-April as the company completed planned capital projects. JSW Steel USA Ohio chief operating officer Mike Panzeri said “About 130 employees are being recalled for the startup.”

Mr Panzeri said "Since March 23, 2020, the company has carefully and methodically laid off employees while keeping employees with core skills employed to focus on the projects we have started at the Mingo Junction facility. These investments in the EAF and hot strip mill will modernize the equipment and will enable the plant to better service our customers."

The company will continue its practice of strict cleaning throughout common areas, social distancing and thermal imaging temperature checks for all entrants of the facility.

S&P Global

Source : Strategic Research Institute

voda 16 juni 2020 15:01

Fitch Affirms Gerdau S.A. at BBB-, Rating Outlook is Stable

Fitch Ratings has affirmed the Long-Term Foreign and Local Currency Issuer Default Ratings of Gerdau S.A. at 'BBB-' and its National Scale Ratings at 'AAA (bra)'. Fitch has also affirmed Gerdau's senior unsecured notes at 'BBB-' as well as the senior unsecured notes issued by its related or subsidiary companies. The Rating Outlook remains Stable. A full list of rating actions follows at the end of this release. Gerdau's investment-grade ratings reflects its consistent commitment to a sound capital structure and its flexible operating structure of electric arc furnace (EAF) steel production spread across the Americas that allow it to respond to changing market conditions. The geographic diversification of the company's operations, along with its extended debt amortization profile and robust liquidity position are additional positive credit considerations.

Fitch's decision to rate Gerdau's debt higher than Brazil's Country Ceiling of 'BB' is based upon the company's ability to service its debt with cash flow generated by its U.S. subsidiary and/or the cash and marketable securities that it holds outside of Brazil.

Source : Strategic Research Institute

voda 16 juni 2020 15:01

Ezz Steel Reports Loss in 2019

Egypt Today reported that Ezz Steel Company recorded consolidated losses of EGP 7.9 billion during 2019, compared to losses of EGP 1.02 billion in 2018, with an increase of 674.5 percent. Its sales declined to EGP 45.71 billion, compared to EGP 49.116 billion in 2018. As per standalone results, the company's profits in 2019 increased to EGP 2.48 billion, compared to EGP 63 million in 2018.

During January-September period of 2019, the company hit losses of EGP 4.32 billion, compared to losses of EGP 326.05 million in the comparative period of the previous year taking into consideration the rights of the minority.

Ezz Steel operates within the Materials sector focusing on Steel. It has companies operating across Egypt, United Kingdom, Germany and Algeria.

Source : Strategic Research Institute

voda 16 juni 2020 15:02

Sales of Steel Products via BUCE up 13% in January-May 2020

BelTA reported that the sales of steel products via the Belarusian Universal Commodity Exchange went up 13%, including thanks to steel supplies of the Belarusian Steel Works. Belarusian Universal Commodity Exchange Roman Yaniv said “In January-May, 12,500 tonnes of products made of ferrous and nonferrous metals, scrap and waste worth BYN 20.4 million were sold via the Belarusian Universal Commodity Exchange. The volume of exports increased by 45% in physical terms, and by 13% in value terms.”

The main markets for Belarusian steel products were Canada, Germany, Latvia, Lithuania and Poland. According to the BUCE a significant contribution to the export performance was made by the rebar of the Belarusian Steel Works, which has been supplied abroad through the exchange platform since December 2019.

Founded in 2004, the Belarusian Universal Commodity Exchange conducted its first trading in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. Its main function is to assist Belarusian enterprises with exporting products and foreign companies with entering the Belarusian market. BUCE sells a wide range of metal, forestry, and agricultural products, industrial and consumer goods.

Source : Strategic Research Institute

voda 16 juni 2020 15:02

Fitch Affirms EVRAZ at BB+, Outlook Stable

Fitch Ratings has affirmed Russia-based steel producer EVRAZ plc's Long-Term Issuer Default Rating and senior unsecured debt instrument rating at 'BB+'. The Outlook for the Long-Term IDR is Stable. The affirmation and Stable Outlook reflect that EVRAZ management has decided to prudently cut capex and our expectation that the company will reassess future dividends (within the bounds of the existing dividend policy) in these uncertain times of the coronavirus pandemic. Earnings will be considerably lower in 2020 due mainly to weaker steel prices. It said “Our forecast indicates that measures taken by the company in response to the market downturn should help to maintain broadly neutral free cash flow on a cumulative basis over the next three years. We expect funds from operations net leverage of around 2.5x for 2020 and below 2.0x from 2021, in line with its rating sensitivities.”

EVRAZ is a leading supplier of steel for the Russian rail and construction markets, placing mostly long products in the market. It has fully integrated operations, high self-sufficiency in raw materials and a competitive cost profile, which underpins the sound profitability of its Russian assets.

Source : Strategic Research Institute

linke ro 16 juni 2020 15:19

ForexLive

@ForexLive
·
1m

US May industrial production +1.4% vs +3.0% expected

voda 16 juni 2020 15:25

GMS Market Commentary on Shipbreaking in Week24 -Chastening Decline

As India starts to recede, perhaps fearful of an influx of tonnage, competing markets in Pakistan and Bangladesh are starting to improve once again. Indeed, with favorable budget announcements in both Pakistan and Bangladesh this week, it may perhaps be some time before India starts to compete on non-HKC green tonnage once again. As such, even though several larger VLOCs and Capes have been committed to Gadani and Chattogram Buyers in and around the high USD 290-300/LDT levels despite Cape freight rates shooting up by nearly 20% this week - we do anticipate a slowdown in supply from this particular sector in the near future. Plenty of containers - both in the smaller and larger categories - continue to be proposed for sale, and there are several Panamax sized units still unsold in Cash Buyer hands being offered into India (as the vessel of choice there) and these are now competing for a dwindling number of increasingly disinterested, lowballing local Recyclers.

With greater clarity on foreign crews being allowed to disembark (and staying in hotels until international flights resume), several beachings have reportedly taken place in all locations over this first tide of June, and this has delivered more confidence to Cash Buyers and Ship Owners alike, that a degree of normality is perhaps set to resume.

Yet, prices and demand remain stranded in the low USD 300s/LDT levels (and below in most cases) as the stark realities of a chastening decline of over USD 100/LDT is fully realized and some terrible losses have been recorded.

On the far end, the Turkish market recorded a minor improvement this week, with plate prices jumping and levels for ships improving by about USD 10/MT

Source : Strategic Research Institute

35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 1179 1180 1181 1182 1183 1184 1185 1186 1187 1188 1189 ... 1755 1756 1757 1758 1759 » | Laatste

Aantal posts per pagina: 20 50 100 | Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met uw e-mailadres en wachtwoord.

Direct naar Forum

Detail

Vertraagd	28 feb 2025 17:36
Koers	27,440
Verschil	-0,010 (-0,04%)
Hoog	27,510
Laag	26,950
Volume	2.533.234
Volume gemiddeld	2.646.487
Volume gisteren	2.223.038

ArcelorMittal nieuws meer

11 feb	Von der Leyen verwerpt Amerikaanse im...	2
10 feb	Trump dreigt met importheffingen op s...
09 feb	ArcelorMittal en Aperam weekwinnaars
07 feb	Deutsche Bank verhoogt koersdoel Arce...
06 feb	Beursblik: ArcelorMittal overtreft ve...
06 feb	AEX opent waarschijnlijk hoger. Let o...	2
06 feb	ArcelorMittal ziet verlies afnemen	1
05 feb	Beursblik: beter vierde kwartaal bij ...
03 feb	Deze 5 aandelen kunnen deze week voor...
03 feb	Video: optimisme beursexperts volledi...	1