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voda 19 juni 2020 09:20

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ArcelorMittal South Africa plans job cuts following pandemic hit
1 MIN READ

(Reuters) - Steel producer ArcelorMittal South Africa Ltd (ACLJ.J) said on Thursday it plans to cut an unspecified number of jobs as part of a restructuring to cut costs and deal with excess capacity due to the coronavirus pandemic.

The company, which is Africa’s biggest steel producer and majority-owned by ArcelorMittal SA (MT.AS), said it expects crude steel production to take some time to return to historical or planned levels for 2020.

Reporting by Yadarisa Shabong in Bengaluru; Editing by Shounak Dasgupta

www.reuters.com/article/us-arcelormit...

voda 19 juni 2020 14:48

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India to Impose Anti-dumping duties Tin Plate Imports from Japan, EU, US & Korea

India’s Directorate General of Trade Remedies has recommended imposition of anti-dumping duties on tin milled flat rolled steel products used for packaging of food and non-food items originating in or exported from the European Union, Japan, South Korea and the US. After conducting a probe, the commerce ministry's investigation arm Directorate General of Trade Remedies has recommended imposition of the anti-dumping duty on the product from these countries. The duty recommended is in the range of USD 222 per tonne to USD 334 per tonne. Proposed AD Duties are Nippon Steel – Nil; Other Japanese producers - USD 222 per tonne; EU - USD 310 per tonne; USA - USD 334 per tonne and Korea – USD 251 per tonne

The product under consideration in the present investigation is tin mill flat rolled steel products that are coated or plated with tin or chromium or chromium oxides, either on one side or both sides, whether lacquered and or printed or not. Tin mill flat rolled steel products include Tinplate as well as Tin-free steel, which is also known as Electrolytic Tin Plate or Tin Free Steel or Electrolytic Chromium Coated Steel. The product under consideration is classified under tariff item 72101110, 72101190, 72101210, 72101290, 72105000, 72109010, 72121010, 72121090, 72125020, 72125090 and 72259900 of the Customs Tariff Act, 1975. However, imports of the PUC have also been observed in certain other HS codes viz. 72109090, 72107000, 72103090. 72255010, 72124000 of the Act

JSW Vallabh Tinplate Pvt Ltd and The Tinplate Company of India Ltd had filed the application for imposition of anti-dumping duty on imports of coated/plated tin mill flat-rolled steel products.

The product under consideration is generally used for versatile packaging solutions including, but not limited to food packaging, i.e. edible oil, processed food, fruits, vegetables, beverages, etc. as well as used for non-food packaging, i.e. paints, chemicals, non-edible oil, geometry/compass box, shoe polish, aerosol sprays, batteries, etc.

Source : Strategic Research Institute

voda 19 juni 2020 14:48

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Tata Steel Launches GalvaRoS & Colornova Coated Brands in India

Tata Steel, through its close collaboration with Emerging Corporate Accounts, has been at the forefront of innovation on strategy, design and production. With the acquisition of Tata Steel BSL in 2018 and enhancement of its capacity to produce world-class coated products, Tata Steel has introduced two new Coated Product Brands, named GalvaRoS and Colornova, to address the unmet requirements of the ECAs. These products have been created to meet the evolving needs of the micro-segments, while strengthening the pillars of sustainability - economical sustainability & social sustainability, critical to growth and development.

GalvaRoS - GP Regular Spangle Product has been conceptualised to address the customer requirements of Galvanized Steel Sheets and Coils which are environment friendly, have superior corrosion resistance, available in customised sizes, giving better return on investments. GalvaRoS is 100% RoHS compliant and provides product authenticity. This customised product gives the customers a better yield and ROI and while strictly adhering to the BIS Standards. GalvaRoS is suited for various applications like Ducting, HVAC, Refrigerator back Panel, PEB structures, Cable Trays etc. GalvaRoS is geared to meet the needs of value-creation, helping customers to navigate the sustainability journey.

Colornova has been launched to cater to the ECA customers’ requirements of colours, designs and aesthetics which can be matched with home or office decors and at the same time be socio and environment friendly. The product has a superior surface finish and texture with 100% RoHS Compliant. Its world-class processing facility offers customised sizes to suit the diverse customer requirements. Colornova offers a wide range of colour to choose from. With all weather and scratch protection due to superior paint technology, the product is ideal for white goods applications - washing machines, refrigerators, microwave oven, kitchen furniture and panels, top and side panels of window ACs, top and back panels of outdoor units of ACs. It is also suitable for various other industrial and commercial applications (commercial refrigerator, bus body interior, storage racks, retail display units). Colornova aims at colouring the future with opportunity while meeting the demands of social sustainability.

Source : Strategic Research Institute

voda 19 juni 2020 16:25

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ORI Martin Steel Plant Restarts with Tenova Digital Technologies

Tenova and ORI Martin invest in digital technologies and circular economy to face the post-COVID-19 crisis, and the Lighthouse Plant “Acciaio_4.0” plays a pivotal role in the new context. A long-standing collaboration centered on innovation and sustainability gains momentum through the ambitious Lighthouse Plant “Acciaio_4.0”. ORI Martin, one of the main European integrated steel groups for high-quality steel and Tenova have their headquarters in Lombardy, one of the areas most affected by the COVID-19 health emergency worldwide. To face the crisis hitting the Italian and European manufacturing sector, the two companies have invested in digital technologies, finding in the digitalization process the strategy to adapt to the changing conditions.

“Acciaio_4.0”, one of the four Lighthouse Plant projects selected by the Italian Smart Factory Cluster (Cluster Fabbrica Intelligente), entails an overall investment of €12million – €8 million of which are partly (22%) funded by the Italian Ministry of Economic Development and the Lombardy Region within the Fund for Sustainable Growth. The goal is to transform ORI Martin’s steel plant in Brescia into a smart factory with the support of Tenova, the project’s technological partner, thanks to the application of the enabling technologies of Industry 4.0.

Source : Strategic Research Institute

voda 19 juni 2020 16:26

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European Commission Clears Sale of Thyssenkrupp Elevator Division

Reuters reported that Thyssenkrupp said that the European Commission has cleared the sale of its elevator division to a private equity consortium including Advent, Cinven and Germany’s RAG foundation, paving the way for the deal’s closing. Thyssenkrupp said “It has been contractually agreed with the buyers that the closing will take place by July 31, 2020.”

The 17.2 billion eurotransaction, agreed in February, provides Thyssenkrupp with a badly needed injection of cash it needs to fund pension liabilities and to lower debt.

Source : Strategic Research Institute

voda 19 juni 2020 16:26

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PT Krakatau Steel to Supply Steel to Pertamina Gas

PT Krakatau Steel and PT Pertamina Gas have established a cooperation in the procurement of pipe material from Hot Rolled Coil steel product material. The HRC material will then be tooled by Pertagas to the pipe manufacturer which will be used in the construction of the Rokan Block oil pipeline in Riau.

This scheme is also expected to contribute to the completion of the 370 km pipeline project in a timely manner. This project is targeted to be completed in the second half of 2021.

The Rokan Block oil pipeline project is a national strategic project in an effort to maintain oil production in the Rokan Block during the transfer of management from Chevron Pacific Indonesia to Pertamina in the coming 2021.

Source : Strategic Research Institute

voda 19 juni 2020 16:27

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Ms Yulia Shutkina is appointed as Digital Transformation Director of Metalloinvest

Metalloinvest announced the appointment of Ms Yulia Shutkina as Digital Transformation Director of Management Company Metalloinvest and as CEO of Metallo-Tech LLC formerly JSA Group, Metalloinvest’s IT centre. In her new role, Yulia Shutkina is responsible for shaping and implementing Metalloinvest's digital transformation strategy. She leads the development of a portfolio of digital projects and business functions which will be implemented into the Company's process and production activities.

From 2007 to 2013, Yulia Shutkina worked for Microsoft Russia. In 2013, she was the Head of the Corporate Sales Department at SAP CIS LLC.

In 2016, Yulia Shutkina was appointed Deputy CEO of JSA Group. From 2017 to 2020, she was CEO of JSA Group.

Source : Strategic Research Institute

voda 19 juni 2020 16:27

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Ahmsa & Villacero Ink Pact for Potential Merger

Mexican steelmakers Altos Hornos de Mexico and Villacero have entered into a non-binding agreement to merge their assets under a new company. A financial injection of an undisclosed magnitude into Ahmsa is part of the agreement, necessary to cover part of its debt and to allow it to raise funds through new issues. Ahmsa said “Through a new legal vehicle, [both companies] will unite their operational synergies and consolidate their production and processing capacities.”

The agreement, which gives the companies 90 days to consider the deal, was signed with Villacero subsidiary Lámina y Placa Comercial SA.

The only slab producers in Mexico are Ahmsa in Monclova, Coahuila state, and Arcelormittal in Lazaro Cardenas, Michoacan state. Villacero and Ternium have manufacturing and distribution facilities across Mexico, but their main operations are in Monterrey, Nuevo Leon state, which borders Coahuila.

Ahmsa has a total steelmaking capacity of 6.million tonnes per year and is currently operating at 40pc of capacity after idling blast furnace 6 in January.

Source : Strategic Research Institute

voda 19 juni 2020 16:28

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NLMK Introduces Digital Service to Boost HSM Performance

NLMK Lipetsk has introduced a digital service to optimize the slab rolling rate at its hot strip mill. The mill rolls slabs into 1.5–16 mm thick hot-rolled strips. Slabs are preheated in five furnaces before being delivered to the rolling mill one after the other, as directed by the operator. When selecting the rolling rate, the operator is guided by a number of factors, aiming to prevent slab collisions, to ensure the required temperature level in certain areas depending on the steel grade, and to maximize mill performance. Previously, the operator would calculate the slab discharge rate manually, having to rely on their intuition and experience. The new digital system determines the rate automatically. A machine learning-based model analyses slab dimensions, composition, and heating level, as well as the required finished product parameters and the condition of the mill. The model processes this data to determine how long it should take a slab to travel from the furnace to the rolling mill, and prompts the operator to discharge the next slab from the furnace.

The project was launched at the end of last year. The digital system has already enabled a 5% reduction in the the slab discharge interval, thus boosting hot strip mill productivity. Company experts continue to train the model to further increase its efficiency.

Source : Strategic Research Institute

voda 19 juni 2020 16:28

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Thyssenkrupp Steel Bee Delivery Drone wins Regulatory Sandboxes Innovation Prize

The joint project delivAIRy of doks. innovation GmbH and thyssenkrupp Steel Europe AG has won the Regulatory Sandboxes Innovation Prize of the Federal Ministry for Economic Affairs in the category Insights. The prize was presented by the five-member expert jury headed by Thomas Jarzombek, the Federal Government Commissioner for the Digital Economy and Start-ups, in an online ceremony. At thyssenkrupp it is affectionately known as the steel bee: the delivAIRy delivery drone. It regularly takes off to deliver samples across the Duisburg steelworks site to the lab for further processing. It is part of a joint project by Kassel-based start-up doks. innovation GmbH and Germany’s biggest steel producer thyssenkrupp Steel to test drone delivery processes on the plant site.

The two partners have now been awarded the Regulatory Sandboxes Innovation Prize by the Federal Ministry for Economics for this forward-looking ongoing project.

In the Duisburg regulatory sandbox, doks. innovation and thyssenkrupp are testing what is generally regarded as the way forward: The automated drone (no pilot required) delivers samples across the plant site, flying over main roads and railway lines in the process. As soon as the transport box is attached to the drone by a patented gripper mechanism, it can be sent to its destination at the push of a button. Unlike the cars normally used for this, the drone reaches its destination in just 10 minutes, saving time and benefiting the environment. The drone also incorporates the highest safety standards and can come down at an emergency landing point if needed.

Source : Strategic Research Institute

voda 22 juni 2020 07:46

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'ArcelorMittal overweegt verkoop ijzerertsactiviteiten Canada'

Gepubliceerd op 22 juni 2020 07:40 | Views: 0

ArcelorMittal 19 jun
9,32 0,00 (0,00%)

LONDEN (AFN) - ArcelorMittal overweegt een verkoop van een deel van zijn ijzerertsactiviteiten in Canada, waaronder een spoorlijn en een haven. Dat meldde zakenkrant Financial Times op basis van bronnen. De eventuele verkoop moet helpen de schuld van het staalconcern te verlagen.

Het gaat om infrastructuur voor de ijzerertsmijn Mont-Wright in de Canadese provincie Quebec die goed is voor 24 miljoen ton ijzererts per jaar, waaronder dus een spoorlijn van 240 kilometer. Tot de mogelijke kopers van de infrabezittingen of een belang daarin zouden bijvoorbeeld Canadese pensioenfondsen kunnen behoren. ArcelorMittal gaf geen commentaar tegen Financial Times.

De infrastructuur voor Mont Wright is ondergebracht in een aparte onderneming met zevenhonderd werknemers. Bij het onderdeel rijden dertig locomotieven en 2900 wagons voor vervoer van ijzererts naar een terminal in de plaats Port-Cartier aan de Saint Lawrence-rivier.

ArcelorMittal verkocht in 2013 een belang van 15 procent in zijn Canadese ijzerertsactiviteiten voor 1,1 miljard dollar aan een consortium met onder meer het Zuid-Koreaanse staalbedrijf Posco en China Steel. Onder die deal viel ook de infrastructuur voor Mont-Wright.

voda 22 juni 2020 08:06

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ArcelorMittal onderzoekt verkoop Canadese infrastructuur - media

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ArcelorMittal
9,322 0,00 0,00 % Euronext Amsterdam

(ABM FN-Dow Jones) ArcelorMittal zou naar verluidt overwegen om bezittingen in Canada van de hand te doen om met de verkoopopbrengst zijn schulden terug te dringen. Dit schreef the Financial Times maandag op basis van bronnen.

Het staalconcern zou onder meer kijken naar een spoorweg en andere infrastructuur die gebruikt worden voor de Mont-Wright ijzerertsmijn in Quebec.

ArcelorMittal wil zijn nettoschuld dit jaar terugdringen van ongeveer 9,5 naar 7,0 miljard dollar. Bij de laatste jaarcijfers besloot de staalreus om het dividend te schrappen.

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

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

voda 22 juni 2020 10:20

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'ArcelorMittal wil niet-kernactiviteiten verkopen'

Gepubliceerd op 22 juni 2020 09:54 | Views: 507

ArcelorMittal 09:59
9,46 +0,14 (+1,51%)

AMSTERDAM (AFN) - ArcelorMittal bekijkt mogelijkheden voor het verkopen van niet-kernactiviteiten en belangen in kernactiviteiten, zoals het bedrijf ook in het verleden heeft gedaan. Dat meldde ING in een reactie op het bericht van Financial Times dat het staalconcern overweegt infrastructuur voor zijn ijzerertsmijn in de Canadese provincie Quebec te verkopen.

In augustus vorig jaar kondigde ArcelorMittal aan 2 miljard dollar te willen ophalen met desinvesteringen om zo te helpen de nettoschuld terug te dringen tot 7 miljard dollar. In september meldde persbureau Bloomberg dat het bedrijf zijn Europese bouwtak zou willen verkopen.

Het advies voor ArcelorMittal staat op buy, met een koersdoel van 18 euro. Het aandeel noteerde maandag omstreeks 09.45 uur een plus van 0,9 procent op 9,41 euro.

voda 22 juni 2020 17:43

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Europese staalproductie lag kwart lager in mei

Gepubliceerd op 22 juni 2020 17:08 | Views: 312

ArcelorMittal 17:24
9,30 -0,02 (-0,19%)

BRUSSEL (AFN) - De Europese staalproductie lag vorige maand ruim een kwart lager dan een jaar eerder. Ook in bijvoorbeeld de Verenigde Staten, waar ruim een derde minder staal werd geproduceerd, was een grote teruggang merkbaar als gevolg van het coronavirus. Niet alleen zorgden de maatregelen tegen het virus voor minder productie, ook andere bedrijven lagen stil waardoor er tegelijk minder vraag naar staal was.

De totale wereldwijde staalproductie daalde met 8,7 procent tot 148,8 miljoen ton, meldt de World Steel Association. Die afname was minder groot dan de daling van 13 procent uit april. China was daarvoor grotendeels verantwoordelijk. Het Aziatische land is met afstand de grootste staalproducent ter wereld en voerde de productie in mei met 4,2 procent op ten opzichte van een jaar eerder.

voda 23 juni 2020 09:24

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Dear Hans,

We are sorry you couldn’t make it to the Kallanish Scrap & Iron Ore Markets Webinar last Wednesday.

For your convenience, we have made a recording available here so you can watch it at any time. Here are 12 questions from the webinar which the Kallanish editorial team have answered for you.

Q: The Chinese Iron ore import prices have shot up for Australian fines after the Brazilian supply crunch. When do you see the Brazilian supply easing, and do you think that the ease in supply is equally able to bring prices south of $100/DMT again in near term as it was able to drive them up recently?
A: As things stand Brazilian supply is already recovering. Unless there are new announcements, Brazilian supply should be running at higher levels in the coming weeks, rather than months. The uncertainty lies around whether there will be unexpected further disruptions due to the covid-19 outbreak. Without another dramatic change in dynamics, higher supply should be enough to bring prices under $100/t again.

You can read the remaining 11 questions and answers click here.

We received many more questions during the webinar that we had time to answer. The Kallanish Editorial team have read all the questions and provided answers.
Q: The Chinese Iron ore import prices have shot up for Australian fines after the Brazilian supply crunch. When do you see the Brazilian supply easing, and do you think that the ease in supply is equally able to bring prices south of $100/DMT again in near term as it was able to drive them up recently?
A: As things stand Brazilian supply is already recovering. Unless there are new announcements, Brazilian supply should be running at higher levels in the coming weeks, rather than months. The uncertainty lies around whether there will be unexpected further disruptions due to the covid-19 outbreak. Without another dramatic change in dynamics, higher supply should be enough to bring prices under $100/t again.

Q: Is China still prohibiting ferrous scrap imports and is it a total ban? If so, this is presumably increasing the costs for their steelmakers because (rising) domestic arisings are still not enough. 2 questions: a) Why are the authorities doing this? b) Are Chinese mills being forced to import billet and/or ore instead of scrap part of the reason why ore prices recently firmed, against consensus predictions?
A: The ban on most waste exports, including ferrous scrap, is still in place. Imports can be licenced, but licence issuance has fallen dramatically to a few thousand tonnes/year. Yes, this is increasing costs because local supply is not sufficient. As we noted in the China Scrap Market Report 2019, after a brief surplus in 2017 the domestic scrap market is likely to remain in deficit until around 2025, and so banning imports increases costs, especially for EAFs. This is key to the demand for billet and iron ore and hence has driven prices higher.

Q: What would be the scenarios should the Chinese open the scrap imports?
A: If China fully allows scrap imports and demand remains as it is, Chinese steelmakers could aim to further boost production by maximising scrap use. That could mean a decline in demand for the import of steel products and a sudden increase in demand for seaborne scrap. In 2009 China imported 13.7 million tonnes of scrap so the potential to disrupt scrap markets is large. We would expect to see ex-China EAF steelmaking margins vanish, driving overseas steel markets back into relative parity with China markets and hence shutting down the opportunity for steel imports to China.

Q: Why is the domestic iron ore supply not picking up? Does this relate to what MySteel is suggesting that the increase in domestic production of pellets is locking up supply?
A: The main reason domestic supply has not picked up is that the sector has been reformed dramatically over recent years. Previously there were a very large number of mines at marginal costs which would start or stop production depending on cost. These have largely been shut down for safety and environmental reasons. An increase in domestic production of pellets can only account for a limited volume of ore tied up. It may have impact at the margins but the big picture remains that there is not enough operable capacity to increase supply dramatically.

Q: What probability do you put on China loosening scrap import restrictions, and when might this occur?
A: Chinese policy making is a black box so it is difficult to say. What we can say is that this was initially a niche issue. CAMU does not carry a huge amount of weight in the halls of power. Now however more powerful players are lobbying alongside them. That includes CISA and the major state-owned steelmakers. As that lobbying gains momentum, easing restrictions becomes more likely. I would not be surprised if import restrictions are eased in 2021.

Q: China and Australia had tensions about Covid19 and iron ore shipments affected. What is the feeling from China government, when do you think such conflict be over?
A: China and Australia will always have some competing interests and some shared interests and the relationship will always be a bumpy one. For iron ore however there is an underlying shared interest. China cannot source enough iron ore without Australia and Australia relies on commodity exports for its national budget. The relationship is not as tense as during the Rio Tinto/Chinalco bust up and even then, markets essentially were set not by politics but supply and demand. Chinese has a very appropriate word for this: ?? (mafan). The political tension is troublesome, and annoying for those involved, but its impact on prices is small.

voda 23 juni 2020 09:25

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Deel 2:

Q: What is the max iron ore price Fe62 for this year?
A: China’s demand spurt has reached record highs but has little further room to increase (see the latest China Steel Intelligence for more details). Any risk is therefore most likely from the supply side. If there are further serious supply disruptions then all bets are off. But, unless there is some dramatic news on supply, it is unlikely prices will return to $110/t, and they may struggle even to return to this year’s high of $105.45/dmt cfr Qingdao (KORE62% Fe on 16 June).

Q: Do you think scrap demand will also be strong in the Far East? Also, will billet demand be strong in July in the Far East?
A: No, I personally don’t think that scrap demand will rebound strongly in ASEAN in July. Rebar markets are weak and rebar prices cannot lift. Too much uncertainty over a second wave of infections and concerns that regional governments lack the financing to pull through and resuscitate battered economies. Construction projects especially in the private sector could be put on hold or not materialise. Government infrastructure projects are expected to proceed but there will be priority on more pressing issues including healthcare and food provision in the poorer countries in SE Asia.
Billet import demand has been sluggish because of lockdowns in SE Asia. Inventories have piled up during the period because of arrivals of billet and at the same time, the re-rollers stopped normal production. Importers could book but if they can secure low priced material. The problem the region faces is that China has been importing billet in large quantities which have driven regional billet prices up.

Q: How would you define the current dynamics in the finished long segment supporting the ferrous scrap purchases in the near term?
A1: Demand for construction longs is not expected to strengthen in the regional countries in ASEAN in the near term. The regional economies will go into recession for the year 2020. But if it is generally perceived that we have gone through the worst in the second quarter, the economies should be improving from that quarter onwards.
A2: We are expecting Turkish domestic long steel demand will be the driving factor in Turkey’s scrap purchases in the near future. Following the Turkish government’s new incentives for house and auto buyers, we have seen a significant increase in Turkish domestic demand. Turkey is one of the few countries along with Vietnam and China where growth is foreseen in 2020. Turkish Steel Producers Association expects Turkish steel production and domestic demand to increase 3% and 7-10% respectively in 2020.
WorldSteel expects global steel demand to contract by 6.4% in 2020. On the other hand, protectionist measures are foreseen to increase as a result of this contraction.
As a result, we are expecting capacity utilization rates to remain lower in 2020 compared to previous years which will most probably cause a surplus in scrap supply. (Japanese mills have already announced a production cut of approximately 20 million mt.)

Q: How will the second wave of the coronavirus affect steel demand?
A: There is the feeling that no ASEAN country can afford the economic cost of going into another complete lockdown. But the threat of reduced money in the economy, bankruptcies, reduced bank lending, loss of livelihoods will dent business confidence and depress steel demand.

Q: What are your ideas about the impact of the reviewed Safe Guard Measures for rebars in Europe?
A: The main issue for rebar importers will be that it seems that in the safeguard review all country-specific quotas will be allocated quarterly. This change will stop the possibility for importers to make use of the entire country specific quotas (for example for Turkish rebar) during the first week of the new quotas period. Last year in July, for example, the full quotas were used in just a few days. The European Commission justifies the change to avoid overcrowding of imports in a specific week of the year, nevertheless the problem will arise because it is expected that the new review will become effective from beginning of July despite the fact that many importers might have already ordered volumes of rebar based on the rules before the review was proposed. Effectively rebar imports into Europe will be limited somewhat by the new review and European rebar prices should benefit from this change.

Q: Do you see the use of EAF relative to BF increasing in Turkey in the short to medium term?
A: As EAFs are more flexible in terms of increasing and decreasing production, we have seen halts and capacity cuts mostly in EAFs. Turkey’s capacity utilization has dropped to 50% levels during the pandemic in April. Now, following the recovery seen in domestic demand, average capacity utilization rate stands at approximately 55-60%. However, with the expected production increase, it is expected to reach 65-70% average in 2020. EAF’s capacity utilization rates will be the determinant in the changes in Turkish steel production. Scrap consumption rate of electric arc furnaces stands at %93 in Turkey.

voda 23 juni 2020 15:35

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Beursblik: Kepler haalt Aperam van kooplijst

FONDS KOERS VERSCHIL VERSCHIL % BEURS
Aperam
25,48 0,61 2,45 % Euronext Amsterdam

(ABM FN-Dow Jones) Kepler Cheuvreux heeft dinsdag het advies voor Aperam verlaagd van Kopen naar Houden, maar handhaafde het koersdoel op 25,00 euro.

De analisten van Kepler zeggen een beetje in hun maag te zitten met de mate waarin de onderliggende vooruitzichten voor de staalsector afwijken van de koersbewegingen. Enerzijds geven de laatste cijfers aan dat het slechtste scenario van Kepler voor de volumes in de staalsector vermoedelijk bewaarheid gaat worden.

Aan de andere kant is er een sectorrotatie op gang gekomen, waarbij veel beleggers aandelen kopen, zoals de staalbedrijven, die zeer sterk in koers zijn gedaald vanwege de slechte vooruitzichten. Hierdoor is de koers van Aperam al weer 60 procent gestegen ten opzichte van het dieptepunt in maart, tot ruim 25 euro.

Kepler blijft eevenwel voorzichtig aan de vooravond van de halfjaarcijfers.

Aperam werd door Kepler ook van de lijst met favoriete aandelen gehaald.

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

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

voda 24 juni 2020 15:01

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Stakingen Tata Steel uitgesteld

De vakbonden schorten de stakingen bij Tata Steel Nederland op. Na twee weken van werkonderbrekingen bij verschillende afdelingen van de voormalige Koninklijke Hoogovens, worden de acties gepauzeerd tot vrijdagmiddag. Dat melden vakbond FNV en CNV woensdag.

FNV en CNV lassen de pauze in wegens gesprekken met de directie van het staalbedrijf. De partijen willen kijken of 'onderhandelen zin heeft', schrijft de FNV. Volgens FNV bestuurder Roel Berghuis heeft de directie, door de druk van de stakingen, gezegd dat 'alles bespreekbaar is'. 'Als dat klopt, gaan we onderhandelen, zo niet, gaan we vrijdag weer staken', zegt Berghuis. Wanneer de gesprekken starten is niet bekend.

Eisenpakket
Twee weken geleden legden de werknemers van Tata voor het eerst in 28 jaar het werk neer. Verschillende afdelingen volgden elkaar op, waaronder de productie-afdeling voor verpakkingsstaal en de dompelverzinklijn.
De FNV heeft een pakket met negen eisen opgesteld. Zo wil de bond een garantie dat tot 2026 geen gedwongen ontslagen vallen en dat geen onderdelen van Tata Steel Nederland worden verkocht. Ook eist de FNV een verklaring over het vertrek van de Nederlandse directievoorzitter. De eisen zijn nog niet ingewilligd.

Nederland en Europa
De Nederlandse directie is de gesprekspartner van de vakbond, maar de reorganisatieplannen komen vanuit de Europese holding, waaronder Nederland valt. Het Nederlandse bestuur schreef vorige week in een brief dat zij pas in gesprek kunnen gaan met de vakbond als er op detailniveau duidelijkheid bestaat over de impact van de voorgestelde maatregelen.

Volgens de Europese directie heeft het 'transformatieplan' als doel om de toekomst van het bedrijf veilig te stellen. Tata Steel moet vanwege de verslechterde staalmarkt reorganiseren. Er worden banen geschrapt bij de staalfabriek in IJmuiden en bij vestigingen in het Verenigd Koninkrijk. Het gevoel in IJmuiden is dat de Nederlandse activiteiten onevenredig zwaar worden getroffen.

fd.nl/ondernemen/1349042/stakingen-ta...

voda 24 juni 2020 15:06

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'Londen wil belang nemen in Brits smaldeel staalfabriek Tata Steel'

De Britse regering staat op het punt om honderden miljoenen euro's te investeren in de staalfabrieken van Tata Steel in het Verenigd Koninkrijk (VK). Met door de staat gegarandeerde leningen zouden 8000 banen in de Britse staalindustrie gered kunnen worden. De deal zou ook kunnen inhouden dat Londen een belang neemt in het Britse smaldeel van Tata Steel.

Dat schrijft de Financial Times. Volgens de zakenkrant hebben Britse regeringsfunctionarissen verschillende voorstellen bediscussieerd, waaronder mogelijke converteerbare leningen. Die leningen kunnen na verloop van tijd, en onder bepaalde omstandigheden, omgezet worden in aandelen. Dat zou kunnen betekenen dat Londen voor het eerst sinds meer dan dertig jaar weer een belang krijgt in een Brits staalbedrijf.

Dumpen van staal
Als gevolg van de coronacrisis is de Europese staalindustrie nog dieper in de problemen gekomen. De sector had het al moeilijk, onder meer door het dumpen van staal door landen zoals China en de stijgende grondstofkosten. Door de coronacrisis loopt ook de vraag vanuit belangrijke sectoren zoals de auto-industrie terug. Londen vreest dan ook voor een verlies van duizenden banen.

Volgens de Financial Times zou de Britse regering nu een reddingsactie overwegen, waarvan de details binnen enkele dagen bekend kunnen worden gemaakt. Naar verluidt gaat het om een staatslening van £500 mln (€553 mln). Mocht de deal doorgaan dan vallen ook Tata's verliesgevende activiteiten in Port Talbot in Wales daaronder. Hoe het Indiase moederbedrijf denkt over de door de FT bekendgemaakte plannen is (nog) niet bekend.

Strategische bedrijven
Onder de naam Project Birch lanceerde de Britse minister van financiën Rishi Sunak in mei plannen om strategisch belangrijke bedrijven te redden als gevolg van de coronacrisis. De Britse activiteiten van Tata zouden onder dat plan kunnen vallen, omdat ze als ‘strategisch’ worden aangeduid.

Wel zouden eerst andere opties moeten worden benut, voordat zo’n majeure reddingsactie kan worden uitgevoerd. Zo kunnen bijvoorbeeld Britse bedrijven nog tot en met oktober loonkostensubsidie aanvragen voor werknemers die ze anders zouden ontslaan vanwege de pandemie.

Hoogovens in IJmuiden
De Britse activiteiten van Tata Steel vallen onder Tata Steel Europe, net als de hoogovens in IJmuiden. Het Indiase moederbedrijf wil zowel op de Nederlandse als Britse activiteiten sterk bezuinigen. In IJmuiden wordt gevreesd dat er duizend banen op het spel staan. Vakbonden en ondernemingsraad hebben zich tegen de sanering gekeerd en stellen dat het Britse deel er relatief beter van afkomt.

In Nederland hebben bijvoorbeeld de vakbonden en enkele politici ook gepleit voor een grotere rol van de overheid bij het IJmuidense staalbedrijf, onder meer in een open brief in het FD. Het kabinet-Rutte III lijkt vooralsnog niet van plan een overheidsbelang te nemen in IJmuiden, als dat al zou kunnen.

fd.nl/economie-politiek/1348929/londe...

voda 24 juni 2020 15:08

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ArcelorMittal USA CEO Mr John Brett is new Chairman of AISI

The American Iron and Steel Institute’s Board of Directors formally elected ArcelorMittal USA president and CEO Mr John Brett as AISI’s Chairman of the Board of Directors for the 2020-2021 term. Mr Brett has been serving as interim chairman since mid-March after the retirement of previous chairman Mr Roger Newport, former CEO of AK Steel.

With more than 30 years of work in the US steel industry, Mr Brett is one of the industry’s most respected and influential leaders. He is a dedicated advocate for North American steel.

Source : Strategic Research Institute

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