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AB Voda voor al het nieuws te verzorgen.

We zullen zien wat het gaat worden de komende weken.

Voor de lange termijn blijf ik positief.

Success,

Ozzy
voda
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Hé, hé, het nieuws dringt door!

Update: Brussel legt invoer staal uit China verder aan banden

Definitieve antidumping maatregelen.

(ABM FN-Dow Jones) Brussel heeft China definitieve invoerbeperkende maatregelen opgelegd voor de export van bepaalde staalproducten naar de eurozone. Dit bleek dinsdag uit een besluit van de Europese Commissie.

In februari van 2016 begon de Europese Commissie een onderzoek naar het dumpen van staal door China in 2015, volgend op een klacht van de Europese branchevereniging voor de staalsector Eurofer.

Dinsdag besloot Brussel definitief om dumping van zwaar plaat staal door China te belasten. De in oktober vorig jaar gecommuniceerde heffingen van 65 tot 74 procent werden daarbij gehandhaafd.

Update: om meer informatie toe te voegen.

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
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Brussel wapent zich tegen Chinese staaldump

Gepubliceerd op 28 feb 2017 om 12:43 | Views: 1.842

BRUSSEL (AFN) - De landen van de Europese Unie gaan zich definitief beter wapenen tegen de dump van goedkoop staal uit China. De beleidsbepalers in Brussel kondigden dinsdag aan dat voor Chinees staal hogere importheffingen gaan gelden.

Uit onderzoek van de Europese Commissie bleek dat Chinese bedrijven hun staal op grote schaal in Europa dumpten. De oneerlijke concurrentie veroorzaakt volgens Brussel aanzienlijke schade voor staalproducenten in de EU. Op Chinees staal komt daarom nu een heffing te liggen variërend van 65 tot 73 procent. De landen van de EU werden het eind vorig jaar al eens over de maatregelen.

De hardere opstelling van de EU wordt mogelijk omdat Nederland, Zweden en het Verenigd Koninkrijk hun jarenlange verzet tegen aanpassing van de bestaande 'defensieve handelsmaatregelen' hebben opgegeven.
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Salzgitter rekent op hogere winst in 2017

Gepubliceerd op 28 feb 2017 om 09:26 | Views: 767

SALZGITTER (AFN) - Het Duitse staalconcern Salzgitter denkt dat de winst dit jaar duidelijk zal stijgen ten opzichte van vorig jaar, geholpen door de aantrekkende staalprijzen. Dat meldde Salzgitter dinsdag bij publicatie van de jaarcijfers.

Het op een na grootste staalbedrijf van Duitsland rekent voor dit jaar op een winst voor belastingen van 100 tot 150 miljoen euro. In 2016 werd een winst voor belastingen behaald van 53,2 miljoen euro. De omzet zal dit jaar naar verwachting groeien naar 9 miljard euro, van 7,9 miljard euro afgelopen jaar.

Volgens topman Heinz Jörg Fuhrmann zijn de vooruitzichten voor het bedrijf niet meer zo gunstig geweest sinds 2012. Salzgitter voerde de afgelopen tijd flinke kostenbesparingen door om de moeizame marktomstandigheden in de staalsector het hoofd te bieden.
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AISI update on Raw Steel Production in US in Week 08

In the week ending on February 25, 2017, domestic raw steel production was 1,770,000 net tons while the capability utilization rate was 74.7 percent.

Source : Strategic Research Institute
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Baoshan Iron and Steel Co share surges by 7.5% on reopening after 1 month trading halt

Baoshan Iron and Steel Co surged 7.5 percent yesterday following a one-month trading halt after its parent company Baosteel merged with smaller debt-laden rival Wuhan Steel, creating China’s largest steelmaker Baowu Iron and Steel Group. Baoshan Iron rose to 7.31 yuan (US$1.06).

Wang Guoqing, research director at Lgmi.com, a steel industry website, said “The merger bodes well for the outlook of both the newly established group and China’s steel industry,” said

Wuhan Iron and Steel Co, previously Wuhan Steel’s listed unit, was delisted on February 14.

Source : Shanghai Daily
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70 foreign companies to attend steel exhibition at Tabriz in Iran

Last year, the 19th Annual Steel Symposium was held in Kish Island in the Persian Gulf with participation of only 25 foreign companies, while the number of the participating companies has reached 70 this year, Secretary of Iron and Steel Society of Iran Ali Shafiei told reporters on Sunday.

Also, Mr Shafiei added, 165 domestic companies will attend the Tuesday Tabriz international steel exhibition.

As the official noted, some participating countries include Germany, Britain, France, India, the Netherlands, Switzerland, Austria and Turkey.

Accordign to reports, Iran, producing 18 million tons of steel products, is now the 14th largest steelmaker in the world.

20th Annual International Steel Exhibition and Symposium with the theme of ways to create new technology runs for two days.

Source : IRNA
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Pakistan steel mills not conforming with environmental laws

Dawn reported that residents of the federal capital are fighting air pollution from emissions from steel mills in the local industrial area that continue to poison the air they breathe. I-9 resident Hameed Butt said that “We are fighting a losing battle, adding that all the complaints registered with the Pakistan Environment Protection Agency (Pak-EPA) have been in vain.”

Dozens of written complaints are sent to the Pak-EPA offices every month from residents of I-9 and I-10. The Pak-EPA, in turn, only responds when the letters continue to come in and pressure mounts.

Pak-EPA Director General Farzana Altaf Shah told Dawn she has received dozens of complaints every month from residents, as well as factories that produce edibles in the same area. She said that “The steel mill owners do not want to cooperate. Their attitude is extremely non-serious. The industry is blatantly violating environmental laws. There is a Supreme Court order to shut down steel mills emitting poisonous gases into the atmosphere, polluting the air people breathe. They are leaving us with no option but to implement SC orders to do just that.”

In 2010, the SC observed that “From the report of the Director General, Pak-EPA, as well as reports in newspapers, it is evident that the pollution in the residential area has reached a dangerous level and the local residents are feeling difficulty in breathing. In this state of affairs, we have no option but to order sealing of all the steel mills in I-9 and I-10, Islamabad, until the online dust monitor is installed.”

But more than a dozen steel furnaces have failed to comply with environmental laws. They have disregarded Pak-EPA warnings to install equipment, such as bag air filters and online dust monitors to reduce emissions, or face legal action, a senior government official said.

Residents have complained that steel furnaces begin running around 5am. I-9 resident Malik Najeeb said that Thick black smoke blankets the area for hours. They also operate near midnight, when the black smoke rising from the chimneys is not visible in the darkness.”

Steel mills sealed five months ago by the Pak-EPA have also resumed their activities without being cleared by the concerned authorities. In October last year, the agency sealed three steel furnaces for not complying with environmental laws.

According to Ms Shah, the Islamabad Chamber of Commerce and Industry told the government that steel mills would control emissions and would install the necessary equipment.

Source : Dawn
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Steel & Tube premises nearly ready

The latest development by Port Otago subsidiary Chalmers Properties is nearing completion, with the premises being leased by Steel & Tube expected to be fully stocked by the end of March. The NZD 9.45million conversion of the site for Steel & Tube is for warehousing and offices. The 4650sq m building is on an 8000sq m site in Fryatt St.

Steel & Tube’s area manager for Dunedin and Invercargill, Blair Bezett, said the new space more than tripled the area of the steel distribution company’s previous two Dunedin sites.

Mr Bezett said that "We’re expecting to be fully functioning by the end of March.”

Mr Bezett said that not only was the space available "massive", there was also a large yard, car park and for the first time, a trade shop open to businesses and the public.

The new distribution centre employed 25 people at present, but once sales increased he planned to expand the workforce.

Steel & Tube project manager Robyn Cameron said the company was consolidating its outlets in several places across the country, including two developments in Christchurch.

While the Dunedin site came in on budget, it was about two months behind schedule, following issues with neighbours over foundation requirements.

She expected the formal opening to be in June.

Old warehouses on the site, formerly occupied by Northern Southland Transport and CRT Seeds, were demolished in March last year.

The freehold site for sale in Portsmouth Dr was 8428sq m with an existing 3240sq m building which was built in the 1980s as a coolstore facility, Colliers director Dean Collins said.

Source : ODT.Co.Nz
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Dismissed Scunthorpe steelman calls for police probe

Scunthorpe Telegraph reported a former trade union leader on the Scunthorpe steelworks has called for a police investigation into the circumstances behind his dismissal. Mr Nick Ray, 52, insists he cannot leave matters unsettled despite agreeing an out-of-court financial settlement with his former employers Tata Steel, after starting proceedings to take the company to an employment tribunal, alleging unfair dismissal.

Mr Ray was sacked from the steelworks on May 3 in a dispute over health and safety.

On his Facebook page, he says the dispute was over his decision to increase manning levels due to huge volumes of extra road traffic. He insisted that "I am now acting in the role of whistle-blower for the safety of my former workmates.”

At the time, Mr Ray was the chairman of the rail traffic/logistics branch for the Community trade union and the site safety representative.

He had worked on the Scunthorpe plant for 28 years, starting as a shunter and finishing as a GBP 37,000 a year team leader on the weighbridge. He claims his issues with the company began after he suffered a stress-related heart attack in 2011.After that, he claimed all avenues of support both from his employer and Community were pointless".

Mr Ray, who described himself as "a caring, passionate man", said that "I had done nothing wrong and actually agreed to work conditions that were, in my opinion, discriminatory against men with protected characteristics."

He further claimed "a campaign of hate" led to him suffering a mental breakdown and massive psychological suffering.

Mr Ray added that "There are no excuses, no explanations for these appalling events carried out on an innocent disabled employee. He said that "My case should, in my opinion, warrant a civil matter or a police investigation. My career ended 28 years of success and hard work with years of psychological and physical stress endured. All the above is backed by document and witness evidence. I wish the company every success but hope it will take action to ensure the safety of its employees."

Source : Scunthorpe Telegraph
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US steel imports in January increase by 2.6% MoM – AISI

Based on preliminary Census Bureau data, the American Iron and Steel Institute reported that the US imported a total of 2,769,000 net tons (NT) of steel in January 2017, including 2,285,000 net tons (NT) of finished steel (up 2.6% and 5.9%, respectively, vs. December final data).

Source : Strategic Research Institute
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Iranian annual steel production to reach 18.5 million tonnes

Tehran Times reported that Deputy Industry, Mining and Trade Minister Jafar Sarqini told IRNA that annual crude steel production in Iran is planned to reach 18.5 million tonnes by the end of current Iranian calendar year (March 20, 2017),

Iran’s crude steel output stood at 16.708 million tonnes in the past calendar year and at 16.805 million tons in its preceding year.

The country aims to increase total output to 55 million tons and export between 20 and 25 million tons of steel annually by the end of its 1404 (March 2025-March 2026) Outlook Plan.

According to the World Steel Association, Iran produced 17.89 million tons of crude steel in 2016, registering an 11-percent growth compared to the figure in 2015.

Source : Tehran Times
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Boost to ferro alloy sector should not be countervailing - Steel Ministry

PTI reported that with the ferro alloy sector facing challenges from competition from cheap imports from Malaysia and Indonesia, the steel ministry is of the view that any export incentives which might be given should not be countervailing. Steel ministry Director Anupam Prakash said “Export incentives to the ferro alloy sector like from the Merchandise Exports from India scheme or any other scheme. But those schemes should not be countervailed by any other country and cannot be challenged in any of the WTO forum.”

He said that FTA with Malaysia and Indonesia would be challenges in the coming years, adding that the ferro alloy industry would have to increase export competitiveness, improve production process and lower raw material inputs.

The ferro alloy industry, which consumes power as a major component of raw material cost, had been lobbying for neutralisation of electricity duty under GST.

The official said that among the states where ferro alloy industry was located, it had been seen that only in Andhra Pradesh power tariff reduction was possible. "This is a good signal as this will bring down the tariff in other states due to competition", he said at a ferro alloy seminar here today.

He said that the issue of neutralisation of electricity duty under GST was being taken up by the steel ministry with the finance ministry.

Source : PTI
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voda
1
Ik ben benieuwd hoe dit gaat aflopen!

ArcelorMittal plans solar farm in Karnataka

Press Trust Of India reported that world’s largest steelmaker ArcelorMittal may set up a solar farm on land allotted to it for the proposed 6 MT Karnataka project in view of excess global steel capacity and delays in securing raw materials. Ap per report Karnataka government It had entered into a pact with for setting up a 6 million tonne steel plant with a captive 750 MW power plant at an investment of INR 6.5 billion.

The global steel giant has said in its latest report that “In view of excess capacity of steel world-wide and uncertainty in iron ore availability locally, the company is also exploring the possibility of utilizing the land in Karnataka for the establishment of a solar farm for generating solar energy.”

It said that ArcelorMittal India has received possession certificates for 2,659 acres of private land following the acquisition of 1,827 acres and 832 acres in December 2011 and October 2012, respectively. It said that a balance of 136.33 acres owned by the Karnataka government is being processed for allocation, it said.

Setting up of the solar park will contribute to the mitigation of Karnataka’s power crisis and participation in the National Solar Energy mission of the government of India.

It said that “In this regard, the company has sought the state government’s permission to set up a solar farm of up to 600 MW. The state government is considering ArcelorMittal’s proposal and the company is hopeful of receiving a favorable response to the proposal.”

Source : Press Trust Of India
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ArcelorMittal Kryvyi Rih starts hot tests of new Coke Oven Battery no 6

ArcelorMittal Kryvyi Rih has started hot tests of Coke Oven Battery #6, a very new in technology of stamp charging - 1st of its kind in Ukraine.

Source : Strategic Research Institute
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Interessant voor Aperam? :-)

China nickel ore inventories decline

Shanghai Metals Market reported that nickel ore inventories at seven major Chinese ports dropped at a quicker pace last week after a small decline in the week ending February 17.

According to SMM data, Nickel ore inventories at seven major Chinese ports were down 265,000 mt last week from the decline of 50,000 mt two weeks.

Source : Shanghai Metals Market
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Glencore announces preliminary results for 2016
Published on Tue, 28 Feb 2017

Positioned for the challenges and opportunities that lie ahead

Strong 2016 financial performance in challenging market conditions

1. Adjusted EBITDA of USD 10.3 billion, up 18%; Adjusted EBIT of USD 3.9 billion, up 81%

2. Net income pre-significant items of USD 2 billion, up 48%

3. Funds from operations of USD 7.8 billion, up 17%

4. Capital expenditure of USD 3.5 billion, down 41%

Underpinned by outstanding cost performance …
1. Full year operational unit cost performance in our key commodities: copper 87c/lb, zinc –5c/lb (16c/lb ex gold), nickel 265c/lb and thermal coal USD 39/t at a USD 18/t margin

2. Significant reductions in copper and zinc cost structure expected to be sustained into 2017

And the resilience of the marketing business
1. Marketing Adjusted EBIT of USD 2.8 billion, up 14%, supported by improved demand conditions

2. Strong H2 2016 contribution from all 3 segments

Capital structure repositioned
1. Net funding reduced by USD 14.7 billion over the past eighteen months to USD 32.6 billion (Net Debt USD 15.5 billion)

2. Cash flow coverage ratios improved to strong investment grade levels

FFO to Net debt: 50%
Net debt to Adjusted EBITDA: 1.5x

3. Available committed liquidity of USD 16.7 billion

4. Achievement and maintenance of strong Baa/BBB credit ratings remains a top priority

5. Optimised capital structure ensures less risk, more flexibility and stability of distributions

Positioned for the challenges and opportunities that lie ahead
1. Uniquely diversified by commodity and geography
Major low-cost supply positions in copper, zinc, nickel, coal, cobalt and ferroalloys

2. Favourable fundamentals for our key commodities - already in deficit or transitioning to deficit
Modest total capex guidance of c.USD 4 billion per annum going forward (includes c.USD 3 billion of sustaining capex) – no greenfields

3. Substantial volumes of low-cost capacity that can be restarted as and when appropriate

4. Fixed plus variable distribution policy effective from 2018 that leverages the resilience of marketing cash flows, while providing upside to commodity prices. USD 1 billion distribution recommended for 2017

5. Strong investment grade balance sheet that offers headroom for highly selective growth opportunities

6. Annualised free cash flow of USD 6.9 billion at current spot prices, based on spot annualized Adjusted EBITDA of USD 14.6 billion

Mr Ivan Glasenberg CEO of Glencore commented that “Since our IPO in 2011 and subsequent acquisition and integration of Xstrata, Glencore has never been so well positioned as it is today. Our swift and decisive actions to reposition and optimise our capital structure and industrial asset portfolio have reduced Net funding by USD 14.7 billion over the past eighteen months and generated more than USD 1.3 billion in cost savings at our industrial assets in 2016. As we look forward, increasingly favourable fundamentals provide the potential to create significant long-term value for Glencore shareholders via our leading portfolio of well capitalised tier one assets and resilient marketing business, combined with significant low-cost copper and zinc growth options and disciplined approach to supply.”

Source : Strategic Research Institute
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Australian businessman in court over billion dollar mining birthright

Stuff.co reported that it is the battle between an Australian businessman who lost a billion-dollar birthright and his family, who didn't. Perth businessman Julian Wright has issued extraordinary court proceedings accusing his sister, Perth billionaire Angela Bennett, and his deceased brother, Michael Wright, of engaging in fraud to cheat him out of his share of one of Australia's most famous iron ore fortunes.

Julian Wright, 68, has long been a figure of intrigue and mirth in mining circles due to his 1987 decision to sell for AUD 6.8 million (NZD 7.3 million) his one-third stake in the family business founded by his father, Peter.

Peter Wright and his partner Lang Hancock unlocked the iron ore wealth of the Pilbara in the 1950s, striking deals with Rio Tinto that have generated hundreds of millions of dollars in royalties for the Wright family and Gina Rinehart.

Wright, who has spent years gathering evidence for a case lodged late on Friday, alleges that his brother and sister "fraudulently misrepresented" the future value of the company his father founded.

Bennett has returned fire, with a spokesman releasing a statement accusing Wright of a baseless "attempt to manufacture allegations of improper conduct" to force his sister to the negotiating table.

The spokesman said that "Given the spurious nature of the allegations Julian is making, which call into question the integrity of Angela and her late brother, we will be seeking nothing short of either a final judgement knocking out the claims or Julian withdrawing and paying costs.”

Julian Wright is alleging that "false information" was provided to him in the 12 months before he sold his one-third stake in Wright Prospecting, a company he estimates is now worth several billion dollars.

The case of betrayal Julian Wright has outlined in court files against Bennett, whose estimated A$1.61b fortune placed her 27th on the latest BRW rich list, and his brother Michael, who died in 2012 worth an estimated A$1.2b, plunges a family with a penchant for privacy into the headlines.

Bennett, Michael Wright's estate and Michael's two children, Leonie Baldcock and Alexandra Burt (who runs the high-profile Australian winery Voyager Estate and who with Baldcock inherited more than A$800 million when their father died) are also named in the incendiary writ. Baldcock and Burt are worth an estimated A$1.55b.

The claims and counter claims that have erupted after the filing of Julian Wright's writ – which may be among Australia's largest common law fraud cases – has echoes of the bitter battle between Gina Rinehart and her children, Bianca Rinehart and John Hancock, which captivated the nation and continues to grind through the courts.

Source : Stuff.co.nz
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quote:

voda schreef op 28 februari 2017 16:50:

Ik ben benieuwd hoe dit gaat aflopen!

ArcelorMittal plans solar farm in Karnataka

Press Trust Of India reported that world’s largest steelmaker ArcelorMittal may set up a solar farm on land allotted to it for the proposed 6 MT Karnataka project in view of excess global steel capacity and delays in securing raw materials. Ap per report Karnataka government It had entered into a pact with for setting up a 6 million tonne steel plant with a captive 750 MW power plant at an investment of INR 6.5 billion.

The global steel giant has said in its latest report that “In view of excess capacity of steel world-wide and uncertainty in iron ore availability locally, the company is also exploring the possibility of utilizing the land in Karnataka for the establishment of a solar farm for generating solar energy.”

It said that ArcelorMittal India has received possession certificates for 2,659 acres of private land following the acquisition of 1,827 acres and 832 acres in December 2011 and October 2012, respectively. It said that a balance of 136.33 acres owned by the Karnataka government is being processed for allocation, it said.

Setting up of the solar park will contribute to the mitigation of Karnataka’s power crisis and participation in the National Solar Energy mission of the government of India.

It said that “In this regard, the company has sought the state government’s permission to set up a solar farm of up to 600 MW. The state government is considering ArcelorMittal’s proposal and the company is hopeful of receiving a favorable response to the proposal.”

Source : Press Trust Of India
AB
Even hardop denken:

De reversed split zou gedaan kunnen worden met het oog op een nieuwe emissie, welke het aantal aandelen dan weer omhoog brengt, de WPA weer naar beneden omdat de contributie van de investering een aantal jaar later pas positief wordt.

Success,

Ozzy
voda
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quote:

OzzyO schreef op 28 februari 2017 17:36:

[...] AB
Even hardop denken:

De reversed split zou gedaan kunnen worden met het oog op een nieuwe emissie, welke het aantal aandelen dan weer omhoog brengt, de WPA weer naar beneden omdat de contributie van de investering een aantal jaar later pas positief wordt.

Success,

Ozzy

Hallo Ozzy, mijn gulle gever,

Je hebt op mijn "aanraden/suggestie", de Solar draad voor een stuk gelezen, las ik eerder. Die voorgestelde investering in dit gebeuren, is echt niet mega.

Ik heb niet 1-2-3 het bedrag per MW bij de hand, er spelen zoveel andere factoren mee, maar dit kan hooguit minder dan 300 miljoen USD kosten. Vergeet niet dat de lonen in India nog zeer laag zijn. De kosten van de panelen liggen ook niet hoog. Wat wel duur is zijn de transmissielijnen om de stroom naar het Nationale grid te transporteren. Niemand kan hier een rekensom over maken.

Mocht L. Mittal besluiten toch nog, een kleine emissie te doen, om deze plant te financieren, dan is er totaal geen man overboord. En ja, die terugverdientijd?
Dat wordt natuurlijk lastig te bepalen. Vele factoren spelen dan een rol.
In feite wél een groene investering, die het imago wellicht een boost(je) kan geven?

En ja, die R.S. Persoonlijk denk ik een goede zaak. Dat de koers 3x hoger wordt, gaat volgens mij de verhandelbaarheid niet negatief beinvloeden.

Zelf kijk ik totaal niet naar de prijs/c.q. aandelen verhouding.
M.a.w. het zou mij niet schelen of ik 1200 aandelen tegen 8 euro heb, of 400 aandelen tegen 24 euro. In procenten blijft het allemaal gelijk.

Succes allemaal.

Mvg,

Voda (Hans)
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