DeBeurs.nl

voda 4 augustus 2017 16:38

1

Japanese mills negotiations on steel plates for shipbuilding with Korea

The Japanese mills' negotiations on steel plates for shipbuilding with Korean leading shipbuilders including Hyundai Heavy Industries have continued to be deadlocked for shipments of this quarter (July-September), and if this pace goes on, shipments are predicted to become semi-annual ones of July to December this time as well. As the steel and shipbuilding industries both in Japan and Korea enter soon a summer vacation, negotiations may be resumed from the middle of August. If so, negotiations will become a continual struggle.

The Japanese mills are offering an increase in prices by USD 50 from the previous contracts for shipments of this quarter. While, Korean shipbuilders are requiring a decrease in prices although they do not generally mention concrete figures. It is in a state where time goes with remaining as far apart as ever.

Korean shipbuilders' order quantities are lately increasing. Their orders are on a track to recovery. However, as the construction of vessels becomes from the next year onward, it does not have an impact on negotiations soon. Japan's exports of steel plates to Korea in January to May were 141 thousand tons, down 55.8% from the same period last year. Its exports in April declined to 16 thousand tons. It does not now mean that its export quantity will not increase even if prices are lowered.

Negotiations depend on how Korea's POSCO sets domestic prices of plates. Unless POSCO's prices are settled, shipbuilders do not show a full-fledged stance in negotiations with the Japanese mills. According to latest information, the company is in a stance to request an increase in prices by 50,000 won (USD 45) of small shipbuilders. For leading shipbuilders, such view is said to be spreading domestically that the company will raise its prices by 20,000 to 30,000 won (USD 18-27).

As China's export quantity of plates to Korea is decreasing, POSCO's domestic supply is likely to be increasing. For this reason, POSCO's stance forcedly to export is said to be reduced. Attention is paid to whether the company will take a step of an increase in prices promptly after the settlement of its domestic prices.

Source : Tex Report

voda 4 augustus 2017 17:15

1

Algoma Steel plant hiring 63 workers

Essar Steel Algoma Inc, doing business as ‘Algoma’, is currently recruiting for 63 production positions. Advertised on the company’s website, these roles range from general labour duties, to the receipt of raw materials and shipment of product, to production operations.

Jim Rennie, Vice President Human Resources commented on the announcement, “People talk about a lack of jobs for our youth. The fact is we have hired 270 people in the last 18 months into salaried, trades and production positions. These are good, full time career opportunities at very competitive wages. These are the kinds of jobs that support families and build communities.”

Mr. Rennie went on to say, “We have 700 employees eligible to retire today. As these people transition into retirement there is a positive net new economic impact in our community – one collecting a pension, another collecting a salary. We may not be growing our headcount, but our demographics are shifting and this means opportunity for those seeking both entry level and midcareer jobs.”

To qualify for a production position, candidates must have their grade 12 diploma or equivalent and be able to satisfy all necessary pre-employment testing. Preference is given to those with a related post-secondary diploma or degree, an AZ or DZ license, and/or relevant industrial work experience.

Source : Strategic Research Institute

voda 4 augustus 2017 17:42

1

Hoe deed Arcelor het deze week t.o.v. de andere AEX fondsen?

DSM* 65,060 +4,92%
Altice* 21,120 +2,75%
Royal Dutch...* 24,270 +2,41%
Vopak* 41,530 +2,35%
Aegon* 4,834 +2,20%
ABN AMRO* 24,485 +1,85%
Aalberts* 37,205 +1,63%
RELX* 17,975 +1,30%
Akzo Nobel* 77,030 +1,13%
Wolters Kluwer* 37,600 +1,10%
NN Group* 34,735 +1,06%
KPN* 3,100 +1,01%
ArcelorMittal* 22,165 +0,64%
Gemalto* 43,645 +0,50%
Unibail-Rod...* 214,200 +0,35%
Randstad* 51,110 +0,22%
Unilever Cert.* 49,490 +0,11%
ASML* 129,850 =0,00%
Boskalis* 30,220 -0,05%
Ahold Delhaize* 17,400 -0,09%
Heineken* 88,230 -0,14%
Philips Kon...* 32,235 -0,20%
ING* 15,700 -0,70%
SBM Offshore* 14,440 -1,94%
Galapagos* 64,440 -6,60%

voda 4 augustus 2017 17:42

1

De maandstand:

ASML* 129,850 +13,60%
KPN* 3,100 +10,28%
NN Group* 34,735 +8,96%
ArcelorMittal* 22,165 +6,92%
Aalberts* 37,205 +6,59%
Altice* 21,120 +4,53%
Boskalis* 30,220 +3,90%
Ahold Delhaize* 17,400 +3,63%
Aegon* 4,834 +3,47%
Heineken* 88,230 +3,05%
Philips Kon...* 32,235 +3,04%
ABN AMRO* 24,485 +2,90%
Royal Dutch...* 24,270 +2,56%
Unilever Cert.* 49,490 +2,53%
ING* 15,700 +1,88%
DSM* 65,060 +1,85%
Randstad* 51,110 +1,81%
Wolters Kluwer* 37,600 +1,62%
Vopak* 41,530 +1,35%
RELX* 17,975 +0,39%
SBM Offshore* 14,440 -0,14%
Akzo Nobel* 77,030 -0,75%
Unibail-Rod...* 214,200 -0,76%
Galapagos* 64,440 -2,44%
Gemalto* 43,645 -22,09%

voda 4 augustus 2017 17:43

1

En de YTD stand:

Akzo Nobel* 77,030 +29,70%
Unilever Cert.* 49,490 +26,52%
Heineken* 88,230 +23,81%
ASML* 129,850 +21,75%
Aalberts* 37,205 +20,72%
ING* 15,700 +17,43%
ABN AMRO* 24,485 +16,32%
DSM* 65,060 +14,22%
RELX* 17,975 +12,41%
Altice* 21,120 +12,16%
Philips Kon...* 32,235 +11,16%
KPN* 3,100 +10,16%
Wolters Kluwer* 37,600 +9,24%
NN Group* 34,735 +7,89%
Galapagos* 64,440 +5,74%
ArcelorMittal* 22,165 +5,31%
Randstad* 51,110 -0,82%
SBM Offshore* 14,440 -3,18%
Unibail-Rod...* 214,200 -5,53%
Royal Dutch...* 24,270 -6,60%
Vopak* 41,530 -7,45%
Aegon* 4,834 -7,54%
Boskalis* 30,220 -8,40%
Ahold Delhaize* 17,400 -13,13%
Gemalto* 43,645 -20,53%

voda 4 augustus 2017 22:14

0

Beursupdate: AEX op Wall Street

ING flink hoger.

(ABM FN-Dow Jones) Op Wall Street zijn vrijdag drie van de negen AEX-genoteerde fondsen ten opzichte van het slot in Amsterdam hoger gesloten.

Aegon (-0,96%)
ArcelorMittal (-0,23%)
ASML (-0,02%)
Galapagos (-0,07%)
ING Groep (+1,76%)
Philips (+0,10%)
RELX (-0,21%)
Royal Dutch Shell (+0,28%)
Unilever (-0,15%)

Euro/dollar: 1,1780.

Op basis van de bovenstaande koersuitslagen zou de AEX index, die sloot op 529,09 punten, zijn geëindigd op 530,07 punten.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

Copyright ABM Financial News. All rights reserved

(END) Dow Jones Newswires

voda 7 augustus 2017 16:17

0

Hogere staalprijs goed voor Tata Steel

Gepubliceerd op 7 aug 2017 om 14:46 | Views: 1.037

ArcelorMittal 15:59
23,03 +0,86 (+3,88%)

MUMBAI (AFN) - Tata Steel, het moederbedrijf van het voormalige Hoogovens in IJmuiden, heeft een fors hogere winst in de boeken gezet. In het eerste kwart van het gebroken boekjaar 2017/2018 bedroeg de winst 9,18 miljard roepies, zo'n 122 miljoen euro.

In hetzelfde kwartaal een jaar eerder was de winst nog 1,86 miljard roepies. De winstsprong is deels te danken aan de hogere staalprijzen en een hogere productie, maar Tata verkocht ook een verlieslijdende dochteronderneming in het Verenigd Koninkrijk en een belang in een andere dochter.

De Europese tak van Tata had een omzet van 1,4 triljoen roepies, een kleine 19 miljard euro. Dat is 11 procent meer dan een jaar eerder. Europa was goed voor ruim een derde van de totale omzet, net iets minder dan de Indiase tak van het bedrijf.

De staalprijs is al enige tijd aan het stijgen omdat China ondanks een sterke vraag uit eigen land, de productie aan banden heeft gelegd. Tata probeert met een hogere productie, met name in eigen land, te profiteren. Het Zuid-Aziatische land is op weg om volgend jaar Japan in te halen als tweede staalproducent van de wereld.

voda 7 augustus 2017 16:25

1

Het is bijzonder jammer om te constateren dat poster Toekomstbeeld (TKB) tegen een wellicht korte BAN aangelopen is.

Extra sneu is, dat zonder zijn doordrochte posts, en het vele nieuws nu de koers al een paar dagen naar het Noorden gaat.

TKB, je leest ongetwijfeld mee. Laat je niet kisten. Lees rustig mee, en geniet van de koersstijging!

Sterkte ermee.

Groet van Hans

voda 7 augustus 2017 16:36

0

GST has been a boon for steel sector - Mr Naveen Jindal

Talking to ET Now, Mr Naveen Jindal chairman of Jindal Steel & Power said that GST is helping to reduce taxes on steel and also to pass on the benefits to the consumers. Edited excerpts:

Q - What kind of growth do you foresee in the steel sector in the coming years?

A – In India, steel has very good prospects because our per capita steel consumption is still around 63 kg per person per annum and the world average is more than 200 kg. The way we need to build our infrastructure and the government also is very, very focused about building infrastructure, houses, affordable houses, so everywhere. If you talk about construction, it cannot happen without steel. So we see a great future for steel and as not that many new steel plants are coming up, the existing plants will have an opportunity to increase capacity and improve efficiencies.

Q - The new goods and services tax (GST) regime is in place. What are the key issues that need to be addressed in the steel sector with respect to the GST?

A - GST has actually been a boon for the steel sector and for the whole economy. GST is something which was long overdue. It should have been implemented long ago but I am glad it is finally here. It is helping us to reduce taxes on steel and also to pass on the benefits to the consumers.

Q - When should we expect JSPL to close the deal with JSW Energy. Is JSPL also scouting for new markets of coking coal?

A - We already have coking coal mines in Mozambique and Australia and our consumption is much more. In fact, after consuming that, we are still buying from the market. It will be some time before we increase our capacity so that after meeting our own needs, we can sell it outside also.

Q - What is the situation on iron ore sourcing in India?
A - There is no dearth of iron ore in India, especially in Odisha where plenty of iron ore is available.

Source : Economic Times

voda 7 augustus 2017 16:37

0

Global investors line up for stake in Bhushan Steel

Livemint reported that Bhushan Steel Ltd, which has been referred to the National Company Law Tribunal for insolvency proceedings, has caught the eye of several financial investors. According to at least two people aware of the developments, these include a joint Piramal Enterprises Ltd-Bain Capital Credit platform to invest in distressed assets, AION Capital, Oaktree Capital and Lone Star Funds.

The report quoted a source as saying that “Of the various cases that have been referred to NCLT under the insolvency and bankruptcy proceedings, special situations investors such as Piramal-Bain, Aion, Oaktree and Lone Star have shown the strongest interest in Bhushan Steel.”

Last week, Mint reported that Asia-focused special situations investor SSG Capital Management, too, had evinced interest in acquiring a stake in the company.

Bhushan Steel’s total debt was around INR 42,355 crore on 31 March. The company has a steel production capacity of 5.6 million tonnes per annum and produces various varieties of steel products such as hot rolled coil, galvanized coil and sheet, colour coated coils, high tensile steel strips, precision tubes and coated pipes amongst others.

Source : Livemint

voda 7 augustus 2017 16:38

0

Graphite electrode prices double in last one year - Report

Business Line reported that Kolkata-based graphite electrodes maker Graphite India expects a better demand for its graphite electrodes on the back of a steady rise in the production of EAF based steel globally. The closure of steel capacities in China leading to the decline in exports of both steel and graphite electrodes from the region will further strengthen the demand.

According to Mr KK Bangur, Chairman, the recent decline in exports from China has led to a rise in steel production through the EAF route globally. He told “Prices have doubled in the last one year and we expect it to stay firm this year.”

An Edeweiss report on Graphite India suggests that the demand for graphite electrodes was on a downswing between 2006 and 2015 on account of excess steel capacity created by China through the blast furnace route. This in turn exerted pressure on prices. Dumping of steel products by China across the world resulted in lot of smaller capacities in the developed countries facing closures during the period.

Source : Business Line

voda 7 augustus 2017 16:39

0

Auction route makes it tougher for Vizag Steel to get captive iron ore mines

Business Standard reported that Vizag Steel Plant, the only steel manufacturing facility among the public sector unit steel plants that have no captive iron ore mine, sees little chances of getting one under the present auction route owing to unmatched competition from private players. Established in the port city of Visakhapatnam about 35 years ago, this Navaratna steel plant has been running on iron ore supplies from NMDC since the beginning. While there were no clear reasons as to why this PSU steel unit was not allocated a captive mine all these years, the effort to secure a mine in a recent auction in Odisha made its management realize that the task has only become tougher.

An official of Rashtriya Ispat Nigam Limited told Business Standard "We have participated in a recent auction for a mine in Odisha in the hope of putting a good show. But private steel maker Bhushan Steel has quoted a price 300 per cent higher than what we were willing to pay for the mine. We cannot compete with private companies as we are constrained by our own assessment of economic viability of the mine and other norms.”

The initial experience of public sector iron ore company NMDC was also not very different from that of Vizag Steel since the auction was mandated for allocation of all mining assets six months ago. NMDC official said “We have recently participated in an auction for a mining lease for tungsten reserves in Maharashtra. To our surprise a private company has quoted a starting price that itself was 100 per cent higher than what NMDC was willing to pay for the asset.”

The factory officials maintain that the production cost was 30 per cent higher than those who own captive mines. Last year NMDC has supplied 6.5 million tonnes of iron ore to Vizag Steel Plant from its Donimalai mines in Chattisgarh located some 500 km away. It sold iron ore at an average price of INR 2,100 per tonne at the pit head. The steel plant incurs another INR 1,200-1,300 on transportation besides INR 600 on royalty on every tonne, spending a little over INR 4,000 per tonne by the time the iron ore reaches the factory premises.

Source : Business Standard

Bijlage:

voda 7 augustus 2017 16:41

0

Oxin Steel to go ahead with slab plant

Financial Tribune reported that Iran’s sole heavy plate producer plans to establish a slab production plant with a capacity to produce 1.2 million tonnes per year to expand the output of its special grade steel products. Khouzestan Oxin Steel Company’s Managing Director Abdolreza Mahmoudpour said that “We must boost our output of wide plates, but the slab we currently use is not good. In fact, we have to use 2.2-meter-wide slabs instead of the 1.5 meters we use right now.” The new plant will require some 15 trillion rials (USD 396 million) of investment expected to be made by the private sector.

Mr Mahmoudpour noted that Oxin is currently holding talks with Danieli, the Italian provider of steel production technology, among other potential foreign candidates, for establishing the plant.

Currently, about 80% of Oxin’s required slab are sourced from domestic producers Mobarakeh, Khouzestan and Hormozgan steel companies, with a further 20% (used for API grade plate) being imported.

Mr Mahmoudpour said that “Oxin Steel has been designed to use 90% of its capacity for manufacture of steel used by shipbuilders, large-diameter pipe makers and for use in the oil and gas industries. But about 80% of our current capacity are allocated to structural steel output and that’s because we lack a slab plant of our own.”

Located in the southern Khuzestan Province, Oxin is Iran’s biggest producer of heavy plates. It is the only local producer of heavy wide steel plate, which can produce it in widths of 1,100 to 4,500 millimeters with a thickness of 8 to 150 mm. It produced about 650,000 tons of steel products in the last Iranian year (March 2016-17). About 30,000 tons of this were exported, mainly to Germany, Italy, Belgium and the Netherlands.

The Cabinet approved Oxin’s plans for setting up the new plant last week, IRNA reported. The new type of slab will be used for producing wide plates used in the manufacture of API-grade oil and gas pipelines.

Source : Financial Tribune

voda 7 augustus 2017 16:45

0

Latin America Q1 steel export update

During the first semester of the year, China exported to the world 39.6 million tonnes of steel, which 36.4 million tonne were finished steel and 3.2 million tonne of steel-derivatives products. This volume is 29% less than recorded in January-June 2016, with 55.9 million tonne.

Meanwhile Chinese steel exports to the world declined, Latin America received 3.8 million tonne of steel, growing 13% versus Jan to Jun 2016 (3.4 million tonne). Of that total 3.4 million tonne were finished steel and 415 thousands tons of steel-derivatives products.

The main destination for China in the region were, Central America with 782 thousands tons (11% lower than Jan to Jun 2016), Chile 712 thousands tons (33% up), Peru 546 thousands tons (211% more) and Brazil with 466 thousands tons (75% more).

During the first six months of the year, the volume received by the region from China corresponds to a value of USD 2,334 million, equivalent to an average price of USD 612 per ton, 35% higher versus same semester of 2016 (USD 453 per ton). For its part, Chinese steel exported to the world (excluding Latin America) was to a value of USD 23,285 million with an average price of USD 650 per ton.

Several countries in the region face significantly lower import prices than the rest of the world, as is the case of Central America (with an average price of USD 540/ton, 17% below the average for the rest of the world), Peru (USD 545 per tonne and 16% lower), Costa Rica (USD 555 per tonne, 15% less), Colombia (USD 561/t, 14% lower) and Chile (USD 592 per tonne 9% less).

Figure 02 shows, since Q1 2014 to Q2 2017, the movement in the volume and price of Chinese steel (finished + derivatives) exported to Latin America and the rest of the world.

It can be seen until the second quarter of the year, the average prices of Chinese exports to Latin America decreased by 6% compared to the Q1 2014, while those applied to the rest of the world did 10%. Meanwhile, volumes shipped by China to Latin America were 8% below, while for the rest of the world these have increased by 12%.

The Graph 03 shows the evolution average price per quarter that steel exports (finished + derivatives) have experienced from China. It can be observed that during the first quarter of 2016 the lowest value was reached, while for the following semesters there is a recovery in average prices in Latin America and the rest of the world.

Also, it’s observed since the second quarter of 2016, the average price of China’s exports to Latin America are below the value of the rest of the world.

Flat products to Latin America
During Jan to Jun 2016, China shipped to Latin America 2.6 million tonne of flat products, concentrated 67% of the steel exports, 45% more than Jan to Jun 2016.

Chinese flat steel imports to the region were an avarage price 8% price than for the rest of the world, USD 615 per tonne. However, its value has increased 29% compared to Jan to Jun 2016 which was USD 476 per tonne, while the price faced by the rest of the world (excluding Latam) increased 42% in the same period, registering USD 672 per tonne.

Chile, Central America and Brazil, were the three largest importers of flat steel from China receiving 582 thousand, 466 thousand and 393 thousand tons respectively.

For their part, the following countries have presented lower prices than for the rest of the world: Peru (-19%, USD 543 per tonne), Colombia (-16%, USD 565 per tonne), Costa Rica (-15% with USD 568 per tonne) and Ecuador (-15%, with USD 571 per tonne). While Venezuela, Argentina, Paraguay and Mexico are the only destinations that face a higher value than for the rest of the world. (See Chart 04)

During the first semester of 2017, other alloyed steel sheets and coils ( 765 thousand tons) and hot dip galvanized sheet (634 thousand tons) were the most significant exports from China to the region, showing a drop of 110% and 51% compared to Jan to Jun 2016, respectively.

Long products, seamless tubes and steel derivates to Latin America

In the same period, exports of long products from China to Latin America reached 719 thousand tons, 19% of total steel (finished + derivate) received from that country.

The average price was USD 491 per ton, 1% higher than the one observed for the rest of the world (USD 485 per tonne) and 47% higher than Jan to Jun 2016 (USD 355 per tonne).

Central America, the largest importer of Chinese long steel in the region (216 thousand tons), registered an average price of USD 42 per ton, 13% lower than r-o-w and 39% higher than Jan-Jun 2016 (USD 301 per ton).

Wire rod (369 thousand tons) fell 13% compared to Jan to Jun 2016, while imports of Chinese bars (278 thous tons) were 63% lower.

The main product imported in the period was bars (1.4 Million tonne), decreasing 12% and wire rod (938 thousand tons), 28% less than 2015.

Seamless pipes during Jan to Jun 2017 counted for 3% of total steel (finished + derivate) shipments from China to the region, a volume of 128 thousand tons (18% drop y-o-y). The average price faced by Latin America was USD 866 per ton, 18% lower than for the rest of the world (USD 1,053 per tonne).

Finally, the share of the steel-derivatives products is 11% of the total exports of Chinese steel to the region during Jan to Jun 2017, with a volume of 415 thousand tons (342 thousand tons correspond to seamless pipes and 73 thousand tons of wire). This volume was 7% lower than received versus Jan to Jun 2016.

Latin America is the top destination for Chinese exports of these products. The average price of steel-derivatives products in those months was USD 725 per ton, 16% lower than observed for r-o-w with USD 863 per ton and 18% more than level recorded in Jan-Jun 2016 (USD 617 per tonne).

Source : Alacero

Bijlage:

voda 7 augustus 2017 16:48

0

Mining scam - Supreme Court order on illegal iron in Odisha

Economic Times reported that Supreme Court's landmark order slapping heavy penalties that could amount to INR 25,000 crore on companies that mined iron and manganese without proper clearances in Odisha can hit output in the months ahead, and trigger similar claims in mineral rich Jharkhand.

Tata Steel, SAIL and the Aditya Birla Group have mining operations in Odisha, which produces nearly half of India's iron ore. These and other smaller groups have interests in 102 mines involved in what the court described as "a mining scandal of enormous proportions and one involving megabucks".

The court, hearing a petition of NGO Common Cause, had ruled that any output in excess of, or without, environmental and forest clearances or approved mining plans is illegal, invoking provisions of the mining law that allows the state to recover the value of all such output.

Industry experts said the order could have wider repercussions, if Odisha decided to recover similar dues from chrome mines, or neighbouring Jharkhand decided to apply this order to its similarly errant mines. Jharkhand's demand orders had been stayed by courts.

Extra info, zie PDF

The total fine could exceed INR 17:576 crore estimated by a panel ordered by the court. The biggest violator is state government's Orissa Mining Corporation with INR 2,177 crore worth produced illegally.

These figures do not include production in violation of the forest clearance, which is also a prerequisite in addition to environmental clearance. This will also attract a penalty of 100 % of average value sold and is estimated to be about INR 8,000 crore. A lessee would be penalised for only one of the two lapses.

Most companies were still studying the verdict and declined comment for the time being, but some said the order was a killer blow.

Source : Economic Times

Bijlage:

voda 7 augustus 2017 16:51

0

What’s happened to separatist-seized steel mills?

Kyiv Post reported that after Russian-backed separatists took control of dozens of mines and factories, many were left wondering: What will they do with it?. The answer is still unclear. Donetsk separatist leader Alexander Zakharchenko immediately announced coal deliveries to Russia after the March takeover of mines and factories. But what went little noticed was another announcement from the Russian-backed Donetsk separatists: That they would begin to use their newly “nationalized” properties to forge steel, bringing back the occupied Donbas’s steelmaking capacity.

While this may seem like pure propaganda, the separatists in theory have all they need to reignite their territory’s steelmaking industry. All they need is iron ore, a commodity readily available across the Dnipro in Krivyi Rih or as is more likely via import from Russian producers a move that would violate international sanctions against the Kremlin-backed breakaway republics.

Mr Sergiy Onyshchenko director of the Novotroitske Mining Authority, a limestone mine jointly held by billionaire oligarch Rinat Akhmetov’s United Minerals Group conglomerate and a firm linked to another billionaire oligarch, Igor Kolomoisky, was forced out of his Dokuchaevsk office at separatist gunpoint in March.

The director moved to the Novotroitske half of the complex, a separate but physically connected business that straddles the contact line in this town of 7,100 people located 713 kilometers southeast of Kyiv.

Onyshchenko was also managing a quarry and processing plant at Dokuchaevsk, across from Novotroitske, until the separatists “nationalized” it amid the blockade.

He said that “There were a lot of problems in operating a business in an issue like that. De jure you are in Ukrainian territory but de facto you had all these strange people with rifles walking around.”

For Onyshchenko, the experience followed a brief imprisonment in 2014.

he said that “It was more of a statement, has been working at the complex since 2013. And also an attempt to extract some cash from us.”

Mr Onyshchenko added that various separatist officials had been coming to his office on a daily basis in Dokuchaevsk in 2014, claiming to be the head of tank or infantry regiments and demanding “tax payments.”

Source : Kyiv Post

voda 7 augustus 2017 16:51

0

Steel firms paying high price for captive iron ore mines to ensure supply

Business Standard reported that auction of iron ore blocks in the country has shown steeper competition and higher price bidding for blocks reserved for captive use when compared with those meant for a non-captive purpose. Five of the nine iron blocks meant for captive use have gone to bidders with quotes of more than 100 per cent revenue-sharing with the states of their location.

Till date, 27 mineral blocks have been auctioned out of which 10 are iron ore blocks. Of these 10 blocks, nine were reserved for captive use while one was earmarked for the non-captive purpose.

Even the single mine meant for non-captive use has been bagged by a steel company (Bhushan Power and Steel) which outbid the merchant miners in the race for Netrabandh Pahar mine.

An analyst said that "This trend shows more strident urgency among steel companies, operating without captive mineral resources, to secure raw material supply compared to merchant miners who only want to get hold of iron ore mines for trading purposes.”

More than 75% of the steel capacity in the country is operating by sourcing Iron ore from merchant miners. There are also allegations of cartelisation by few large miners to control price and supply of iron ore in the absence of any provision of indexing /pricing mechanism. This has led to the higher domestic price of ore compared to the international prices even when merchant miners are not able to sell entire ore mined by them.

Out of 194 million tonne production of iron ore in FY17, steel industry consumed 126.67 million tonne and 25 million tonne was exported. Balance 40 million tonne, apparently low-grade ore, has been added to stock at mines head of both captive and merchant miners.

Meanwhile, the aggressive bidding by steel companies for captive mines has debunked the pleas of merchant miners that market prices of ore would be skewed lower and there will be loss of revenue on account of royalty and lower auction money for the state if more number of mines are reserved for captive use.

An official of steel company said that "On the contrary, the bid price of captive mines has been consistently going up with the steel companies offering to share more than 100 percent revenue from the mine's despatches with the state government in some of the latest auctions. The cost of production in case of captive mining being same as that of a merchant miner, it will have no effect on royalty revenue.”

Making a case for reservation of more mines for captive purposes, he said, there is no necessity of any iron ore block auction for merchant mining when all the end users including pellet and sponge iron manufacturers are eligible for the blocks reserved for captive mining. He added that "For those who cannot afford to have their own mines or fail to obtain blocks through auction, the state owned NMDC and OMC (Odisha Mining Corporation) can meet their requirement.”

From revenue viewpoint, the votaries of captive mining argue that GST collection from steel is 36 times higher compare to setting of iron ore mine of similar capacity (GST on iron ore at 5% of sales price being INR 150 compared to 18% GST on steel yielding around INR 5400.00 per tonne of TMT bar. Besides, the steel industries also pay import duty and IGST on coking coal which is around INR 1100 per tonne of steel.

The steel company official said that "The social return on investment on captive industries is much higher compared to merchant mining on account of employment generation in all value chains-steel based Industries, infrastructures, construction, automobiles etc.”

It may be noted, as per sub-rule 3 of Rule 6 of Mineral (Auction) Rules, 2015, the state government has been empowered to reserve a particular mine for any particular end use including the end use as specified in Schedule II of the Rules and the state government may earmark certain percentage of mines for end use.

Source : Business Standard

voda 7 augustus 2017 16:54

0

Liberty's Sanjeev Gupta bets on stressed assets to make local debut

Economic Times reported that the stressed assets set to flood the Indian market offer an opportunity for Mr Sanjeev Gupta, the UK-based Indian billionaire behind the Gupta Family Group Alliance, to make a big-bang local debut. Mr Gupta came to prominence in his country of origin as a bidder for Tata Steel's UK units but before that, he built his reputation and business empire through acquisitions of troubled assets in Britain, the US, India and Australia.

He runs a swathe of privately held companies including global industrial, metals, engineering and finance group Liberty House, besides SIMEC and Wyelands Bank. Liberty House has already put in a bid for auto component maker company Amtek Auto and ABG Shipyard but is looking at other opportunities in its core steel and engineering sector, said a senior company executive.

Mr Sanjeev Gupta said that "Eco-friendly shipbreaking is going to be a big industry in the world and there are not many opportunities available. ABG presents one of them.”

While Amtek's sprawling facilities in India and overseas fit into the group's focus of using its own steel and aluminium in engineering applications for auto parts, defence, aerospace and renewable energy, Mr Gupta wants to use ABG for ship breaking, melting down the scrap that's generated to make more of the alloy. He said that "Our model for ABG Shipyard is based more on ship breaking, making steel (scrap) out of there rather than just making ships. Eco-friendly shipbreaking is going to be a big industry in the world and there are not many opportunities available. ABG presents one of them."

Amtek and ABG Shipyard are two of the 12 big defaulters identified by the Reserve Bank of India last month for the launch of bankruptcy proceedings under the Insolvency and Bankruptcy Code.

Liberty House last month acquired three plants of Amtek Auto in the UK along with 600 people for an undisclosed sum, fortifying its position as the go-to buyer of distressed assets. These plants make aluminium castings for Jaguar Land Rover and Ford among others and clock 150 million pounds in annual revenue.

Mr Gupta said that "It integrates with our aluminium business as we are the only producer of primary aluminium in the country. We are now looking at all of their operations."

Mr Gupta said that "We are looking at all steel companies for sale in India but have not decided oi pursuing any vigorously yet.”

On Wednesday the Ahmedabad bench of the National Company Law Tribunal (NCLT) approved initiating bankruptcy proceedings against Essar Steel.

Mr Gupta has negotiated with Essar before, having acquired its bankrupt Minnesota operations "one of the lowest-cost pellet producers in the world." He along with his consortium partners are building a large sponge iron plant there to integrate downstream operations.

Mr Gupta said that "US has a growing amount of recycling. Scrap exports have dropped dramatically because more and more it's being consumed domestically, so we want to supplement the supply with DRI (direct reduced iron) so that there is sufficient raw material for recycling."

Source : Economic Times

Bijlage:

voda 7 augustus 2017 17:02

0

Iran to raise iron ore production capacity to 100m tons

Iran Daily reported that Iran's annual crude iron ore production capacity will be raised to 100 million tonnes from the current 75 million tons by March 20, 2018. Iran Industry, Mine and Trade Minister Mohammadreza Nematzadeh announced this while inaugurating a Mobarakeh Steel Company plant.

Mr Nematzadeh said that the country's annual iron ore pellet making capacity is 31 million tons now, but this capacity will be increased to 45 million tonnes by mid-March.

Current capacity for concentrated iron ore of 46.5 million tonnes was to be increased to 55 million tonnes per while the production capacity for direct-reduced iron or sponge iron, was planned to be increased to 34.5 million tonnes per year from the present 30 million tonnes per year.

Mr Nematzadeh said that some 22.5 million tonnes per year of iron ore concentrates and 17.5 million tonnes per year of pellets is to be produced from the Sangan deposits but, because of water shortages in this area, there is no plan for steel making.

Source : Iran Daily

voda 7 augustus 2017 17:06

0

Iron ore producers enjoying Goldilocks moment

Bloomberg Quint reported that world’s biggest producer of iron ore says the industry is enjoying a Goldilocks moment with prices generating a tidy profit but not enough to lure much new supply.

Mr Luciano Siani Pires Vale SA Chief Financial Officer told Bloomberg Television Thursday that “The market is in a sweet spot right now from USD 60 to USD 70. It is a price which does not incentivize too much swing capacity to come back and it’s a very profitable range for major mining companies.”

Prices of the steel-making ingredient have see-sawed this year, rallying to USD 95 in February before tumbling to USD 53 in mid-June as glut fears resurfaced. Now they’re back above USD 70 after an up-tick in demand from Chinese steel mills. But prices probably will average USD 50 in the final three months as falling steel prices hurt mills’ margins, according to Barclays Plc. India’s JSW Steel Ltd. said this week that prices may go as low as USD 40.

Vale disagrees. It’s betting prices will stay in a USD 60 to USD 70 range for the rest of the year supported by still “very strong” demand and supply “that is a little more tame,” Siani Pires said from Bloomberg’s Rio de Janeiro office.

For Vale, even more so than its main rivals, Rio Tinto Group and BHP Billiton Ltd the differences in price outlook are a big deal. Each USD 1 drop in iron ore has a USD 350 million impact on the Brazilian company, the CFO said. That in turn affects its ability to bring down a whopping USD 22 billion debt load and return cash to shareholders.

While China’s demand outlook remains bright, underpinned by infrastructure spending, growth is set to return to “more normalized” levels from the current rate of about 5 percent to 6 percent, he said.

Mr Siani Pires said that “We’re positive about China and we never shared the views that the country would collapse.”

Spot ore with 62 percent content delivered to Qingdao was at USD 72.93 a dry ton on Thursday, after hitting USD 73.70 earlier this week, the highest since April, according to Metal Bulletin Ltd. The raw material rose 13% in July after a 14% gain in June, paring this year’s drop.

Source : Bloomberg Quint

Vertraagd	10 feb 2025 17:39
Koers	27,200
Verschil	-0,160 (-0,58%)
Hoog	27,230
Laag	26,360
Volume	3.104.041
Volume gemiddeld	2.536.810
Volume gisteren	7.160.096

07:11	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
03 feb	Beursblik: optimisme beursexperts vol...

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws meer