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voda 11 oktober 2017 16:56

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Reinforcing Steel

Most people are familiar with reinforcing steel, commonly called "rebar". It is used in bridges, buildings, skyscrapers, homes, warehouses, and foundations to increase the strength of a concrete structure. Rebar is used in concrete to provide additional strength, as concrete is weak in tension, while steel is strong in both tension and compression.

Steel is the product of choice for reinforcing concrete due to a combination of unique factors:

Elastic properties – The modulus of all steel reinforcement is 29,000,000 psi and this value may be used in design. This uniform modulus for all grades and bar sizes simplifies the design process. Materials with lower moduli may require additional bars to provide the same serviceability and structures designed with these materials may experience increased deflections and additional cracking. Steel has similar elastic properties under both tensile and compression loads.

Elongation under load – Steel reinforcement has significant elongation under load providing for well-defined cracks in the structure during overload conditions. Such cracking provides suitable warning for occupants regarding the loading of a structure. Materials that do not exhibit non-elastic behavior under load may not provide sufficient ductility to warn of impending failure.

Uniform properties in 3D – Steel reinforcement generally has uniform properties in all directions and the shear strength is similar to the longitudinal yield strength.

Fatigue – The fatigue properties of steel reinforced concrete structures are well understood.

Bond development – The development strength of reinforcing steel in both straight and bent conditions is well researched and understood.

Yield – At loads less than yield, steel exhibits elastic properties that enable a structure to rebound upon reloading. Steel reinforcement is available with yield strengths from 40 to 100 ksi. The yield strength of steel is not dependent on the bar diameter and substitution of different combinations of bars with the same bar area may be readily provided. This provides flexibility in the methods of obtaining the same properties in a concrete structure.

Thermal properties – The modulus of thermal expansion of steel reinforcement is very similar to that of concrete. Due to the similarity of concrete and steel thermal properties additional stresses or deflections are not introduced upon heating the concrete structure.

Strength retention – Under heating from fire, steel is able to withstand high temperatures before strength and ductility properties change. Many concrete structures that have been subjected to fire can be rehabilitated using the existing reinforcing steel.

Joining – Steel reinforcement can be joined using welding or couplers that have strengths similar to that of the reinforcing steel.
Code Acceptance – Steel reinforcement is accepted by all concrete design codes worldwide.

Recycled content – The recycled content of reinforcing steel is greater than 75 percent and in most circumstances greater than 95 percent.
Ability to be recycled – Reinforcing steel is able to be readily recycled at the end of the structure design life.
Ability to be bent – Reinforcing steel can be bent after being manufactured. This simplifies the construction and provides for rapid delivery of fabricated materials.

Robustness – Reinforcing steel is robust and able to withstand rigors of construction.

Compatibility with concrete – Reinforcing steel does not need to be tied directly to the formwork and does not float in concrete.
Availability – Reinforcing steel is available in every region of the country. Due to the number and distribution of plants, LEED and other sustainability credits are available.

Steel reinforcing bars are produced from molten steel, by forming it into large rectangular billets and then running it through a series of dies, which shape the steel into reinforcing bars. During the forming process, deformations are formed in the surface of the bars that are used to help in transferring loads between the concrete and the reinforcing steel.

and more, see link:

www.crsi.org/index.cfm/basics/reinfor...

voda 11 oktober 2017 17:04

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Goa iron ore exports fail to resume, prospects bleak

Nav Hind Times reported that the new mining season re-started on October 1 but from initial showing, expectations are that exports by iron ore mining companies will be meagre. In the last one month, the benchmark price for ore has dropped to USD 60 from USD 70 per tonne in the international market. A major leaseholder said that “At these prices, I don’t think any mining company in Goa can make any profit. In fact everybody would make a loss. That is the primary reason why it is already mid-October and no mining company has started business.”

Last year in the month of October, Goa had exported close to 1.5 million tonne ore. But this year until now, there has been zero export out of Goa. The leaseholder said that “If global conditions do not improve, I doubt companies will be interested in production and exports.”

He said that the industry is also holding large inventory, primarily of low-grade 55-56 per cent FE content ore for which the market has disappeared.

According to industry sources, the international market will continue to stay bearish. The source said that “There are different forecasts made in the market but prediction overall is that prices will come down further in the next three-four months. Prices are expected to drop by another $10 per tonne from $60 per tonne due to over-supply,” said the source.

He explained that iron ore producing countries

like Australia and Brazil have increased production of high-grade ore because of which nobody is interested in low-grade ore produced by Goa.

Besides the inventory held by industry, the government also has 5.0 million tonne of un-auctioned ore. With the mining department fixing a cut-off price of Rs 500 per tonne, there are no takers for the un-auctioned ore either.

Companies said that other than weak international prices, they are also troubled by the absence of consent to operate for mines in the Sonshi cluster by the Goa State Pollution Control Board.

The pollution board, during its board meeting on September 27, had decided to renew consent to operate to seven mines in the cluster (with reduced extraction). However, it is not yet accepting applications for renewal.

In 2016-17, iron ore production was up to its maximum extraction limit of 20 million tonne and 14.7 million tonne was exported. The government earned substantially from royalty with income soaring to INR 310 crore from INR 88 crore in 2015-16.

The major increase in royalty earnings came during the last quarter of the financial year with the government pushing for mining companies to increase production.

Source : Nav Hind Times

Bijlage:

voda 12 oktober 2017 16:31

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Japanese government urges Kobe Steel to clarify extent of data falsification
Published on Thu, 12 Oct 2017

Japan Today reported that the Japanese government urged steelmaker Kobe Steel on Wednesday to clarify the extent of manipulation of inspection data on steel, aluminum and other metals used in a wide range of products, reportedly including rockets, aircraft and cars, in the latest quality scandal to rock Japanese manufacturing. Deputy Chief Cabinet Secretary Kotaro Nogami told reporters the government was seeking more information about the problem and trying to determine its possible impact on product safety. He criticized the apparently widespread falsification of data as inappropriate.

He told “About 200 of Kobe Steel's customers, including some makers of defense equipment, are affected.”

He would not identify the companies by name but several automakers on Wednesday said they have been made aware of the problem and are investigating.

Nissan said in an email "We have confirmed that aluminum from Kobe Steel is used in the hoods and doors of some of our vehicles. As hoods are related to pedestrian safety, we are working to quickly assess any potential impact on vehicle functionality."

Toyota also confirmed that the material has been used in hoods and rear doors of some of its vehicles. It said "Putting the utmost priority on the safety of our customers, we are rapidly working to identify which vehicle models might be subject to this situation and what components were used, as well as what effect there might be on individual vehicles. At the same time, we are considering what measures need to be put in place going forward."

Aircraft maker Boeing said it, too, is looking into the problem. It said "Boeing has been working closely and continuously with our suppliers since being notified of the issue to ensure timely and appropriate action, including comprehensive inspections and analysis throughout our supply chain. Nothing in our review to date leads us to conclude that this issue presents a safety concern, and we will continue to work diligently with our suppliers to complete our investigation."

Kobe Steel, Japan's third-largest steel maker, has announced that between Sept 1, 2016 and Aug 31 of this year it sold aluminum and copper materials using falsified data on such things as the products' strength. It said "Data in inspection certificates had been improperly rewritten etc and the products were shipped as having met the specifications concerned.”

Source : Japan Today

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voda 12 oktober 2017 16:50

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Tata Steel terminates pact to acquire Brahmani River Pellets

Tata Steel announced that it has terminated an agreement to acquire Odisha based iron ore pellet manufacturer Brahmani River Pellets Ltd for INR 900 crore.

Source : Strategic Research Institute

Bijlage:

voda 12 oktober 2017 16:50

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Hope that EU will agree alternative to steel duty - Metinvest CEO Mr Ryzhenkov

Reuters reported that the chief executive of Ukraine’s largest steelmaker on Wednesday said he was hopeful the government would reach an agreement with the European Commission to replace a new anti-dumping duty on Ukrainian hot-rolled steel with a minimum pricing mechanism. Metinvest CEO Mr Yuriy Ryzhenkov said the Ukrainian government had initiated talks to find an alternative arrangement for Ukraine due to its EU association agreement that established closer political and trade ties with the bloc as of September.

He told “The proposition from the government was related to self-imposed price restrictions, which we’re proposing instead of the anti-dumping duties. Hopefully the European Commission will consider those and we’ll find an acceptable mechanism.”

Mr Ryzhenkov did not say what minimum price had been proposed by the government at the talks, which he described as ongoing. He pointed to a reference to the Ukraine-EU association agreement in the latest anti-dumping regulation as a sign the Commission might accept the Ukrainian government’s proposal.

Mr Ryzhenkov said Metinvest would continue to supply hot-rolled coils to Europe and pay the required duty, while negotiations on the tariff continue.

On Friday, the European Union imposed tariffs on hot-rolled steel from Brazil, Iran, Russia and Ukraine after a complaint by EU producers that the construction and machinery product was being sold at excessively low prices. The duty amounts to around EUR 60 per tonne for Ukrainian steelmakers such as Metinvest, which sells 150,000-200,000 tonnes of hot-rolled coils to Europe per year.

Source : Reuters

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voda 12 oktober 2017 16:55

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Stressed assets buying could change the steel mill ranking in India

The largest steelmaker in the country, JSW Steel, is aggressively ramping up capacity to retain top slot, while the number three player, Tata Steel, too, has its agenda set to spring back to its earlier leadership position. The race has heated up even as the Reserve Bank of India (mandated insolvency process has gained speed for five other majors in the sector Essar Steel, Bhushan Steel, Bhushan Power & Steel, Monnet Ispat & Energy, and Electrosteel Steels. An acquisition of any of the assets like Bhushan Steel with a capacity of 5.6 million tonnes or Essar Steel at 10 million tonnes could change the pecking order of the industry.

At present, JSW Steel with a capacity of 18 million tonnes is at top, followed closely by public sector steel major, Steel Authority of India with a capacity of 17.5 million tonnes. Tata Steel has a capacity of 12.7 million tonnes.

By the end of the year, however, SAIL is expected to complete its expansion and modernization program at the Bhilai steel plant, which will take its capacity to 21.3 million tonnes. No further expansion has been announced by SAIL.

But, JSW Steel and Tata Steel are both ready to cash in on the opportunities in the domestic market.

Source : Business Standard

voda 12 oktober 2017 16:56

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Kobe Steel confirms data tampering in iron powder products and research unit

Reuters reported that Kobe Steel Ltd said that it has found cases of data falsification in its iron powder products and at its research unit. It said “There was a single case of data tampering of iron powder products along with 70 cases of data tampering at its research unit Kobelco Research Institute Inc.”

The growing number of cases of data tampering at Kobe Steel has caused a safety scare along the global supply chain.

Source : Reuters

voda 12 oktober 2017 16:58

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Tata Steel strengthens position in low-carbon future technology

Mumbai, October11, 2017

Tata Steel took a step which places it at the forefront of lower-carbon steel innovation by acquiring the full intellectual property rights in a revolutionary technology.

The company has been testing the groundbreaking technology called HIsarna at its IJmuiden steelworks in the Netherlands. HIsarna has the potential to reduce energy use and carbon emissions by at least 20%*, as well as reducing steelmaking costs through lower-priced raw materials, up to half of which could be recycled scrap steel.

HIsarna is a completely new technology in the steelmaking process which combines Tata Steel’s cyclone converter furnace with Rio Tinto’s smelter. Now, Tata Steel has acquired the Rio Tinto’s smelter technology and intellectual property rights required to operate the HIsarna process.

HIsarna consists of a reactor into which iron ore is inserted at the top. The ore is liquefied in a high-temperature cyclone and drips to the bottom of the reactor. When powdered coal is injected into the reactor, it combines with the molten ore to produce pure liquid iron and CO2.

*The technology removes a number of pre-processing steps, resulting in significant efficiency gains and 20% reductions in energy use and CO2 emissions. The HIsarna installation produces almost pure CO2, making the gas ideally suited for capture and either storage or use, which could lead to total CO2 savings of 80% from the steel production process. It could also lead to substantial reductions in emissions of fine particles and the reduction of sulphur dioxide and nitrogen oxide.

Apart from being essential to modern society, steel is sustainable because it is permanent. Steel products can last a lifetime, after which they can be reused, remanufactured or recycled to create new products. This means steel is used, never consumed, and explains why steel is the most recycled material in the world. Steel production is a long-term investment which offers enormous CO2 efficiencies over its full life cycle.

T V Narendran, Tata Steel Managing Director, said: “Tata Steel has a legacy of pioneering initiatives in several areas of management and process technology.

Acquisition of full intellectual property rights for Hlsarna, is a significant step towards establishing our pioneering credentials in the steel manufacturing space and ensuring long term sustainability of the business, Reduction in use of energy and carbon emissions is a challenge for the steel industry and I laud the efforts of our team in Netherland for their tireless effort in establishing the Hlsarna technology. HIsarna could play a role in helping society to achieve a circular economy with zero waste. I want to thank Rio Tinto for the support it has given to this technology development over a number of years”.

www.tatasteel.com/media/newsroom/pres...

voda 12 oktober 2017 17:11

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Further room exist for iron ore price cut in India - Report

Business Standard reported that faced with a minuscule cut in iron ore prices by NMDC, which did not match the global price decline for September, domestic players see the potential of a further cut in the price of iron ore in the near future. Senior executive of a merchant mining company said “NMDC’s iron ore price cut for October 2017 has been much lower than the global price decline of the steelmaking raw materials for September. This means there is wide room for a further price cut. But, given that domestic demand remained robust with supply being limited, the price cut may not be as sharp as seen in the global markets.”

However, Mr Sesharigi Rao, joint managing director and group chief financial officer, JSW Steel said that “NMDC is following differential iron ore pricing. The price differential between Odisha and Karnataka works out to as high as Rs 1,600 a tonne. Iron ore pricing in India is quite arbitrary. Production is highly regulated with the Supreme Court setting a maximum output target of 30 million tonnes in Karnataka. While supply is constrained, demand continues to remain robust. Thus the pricing power has shifted in favour of miners.”

The benchmark iron ore with 62 per cent Fe content reported a decline of a staggering 21.4 per cent in the global markets in September to close the month at about 61 a tonne. By contrast, however, the public sector iron ore miner NMDC cut its benchmark iron ore prices by INR 100 for lumps and fines for October. With the current price cut, iron ore lumps and fines are now quoted at Rs 2,300 a tonne and Rs 2,060 a tonne, respectively, ex mine exclusive of taxes.

Source : Business Standard

voda 12 oktober 2017 17:11

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Severstal Resources update for Q3

Coking coal concentrate sales volumes from Vorkutaugol increased 11% driven by growth in production volumes following the planned long-wall repositioning at the Vorkutinskaya and Komsomolskaya mines in H1 2017. Internal coking coal concentrate procurement was almost 95% in Q3 while the minor volumes allocated by Vorkutaugol to external sales increased significantly, reflecting the low base effect.

Steam coal sales at Vorkutaugol declined 24% q/q reflecting weaker demand from domestic consumers following the end of the heating season.

Iron ore pellet sales decreased 17% and totalled 2.38 mln tonnes (Q2 2017: 2.88 mln tonnes) despite the increase in production volumes q/q. This was due to higher share of finished goods in transit and accumulation of stocks at the end of Q3, following Q2 sell-off. The Company expects an uptick in pellet sales volumes in subsequent periods.

Iron ore concentrate sales decreased 13% q/q to 1.08 mln tonnes (Q2 2017: 1.24 mln tonnes). Iron ore concentrate sales improvement in Q2 reflected seasonal dynamics and planned production increase at Olcon.

Source : Strategic Research Institute

voda 12 oktober 2017 17:13

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Iran's mineral output in H1 up 8.4% YoY

Major Iranian mining companies produced 169.17 million tons of mineral products during the first half of the current Iranian year (started March 21), registering an 8.45% growth compared with last year’s corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization announced in its latest report.

The miners’ performance for the sixth month of the Iranian year (ended Sept. 22, indicates an 8.99% year-on-year rise to 29.62 million tons.

Iran is home to 68 types of minerals with over 37 billion tons of proven and 57 billion tons of potential reserves, including large deposits of coal, iron ore, copper, lead, zinc, chromium, uranium and gold.

Iron ore concentrate had the biggest share in Iran’s mineral production during the period under review with 18.89 million tons, registering a 21% growth YOY.

Gologhar Mining and Industrial Complex accounted for 6.83 million tons of the total output, followed by Chadormalu Mining and Industrial Complex with 4.28 million tons, Iran Central Iron Ore Company with 2.45 tons, Goharzamin Iron Ore Company with 2.21 million tons, Middle East Mines and Mining Industries Development Holding Company with 1.18 million tons, Opal Parsian Sangan with 1.03 million tons and Sangan Iron Ore Complex with 190,940 tons.

Concentrate production was in high gear in the same month, boosting the H1 record. Chadormalu was the only producer posting a decline, standing at 11%. All other miners recorded a double-digit growth, with Gohar Zamin’s six-month output surging 414%.

Production of granulated iron stood at 2.89 million tons, down 8% YOY. Iran Central Iron Ore Company was the biggest producer with 888,660 tons, followed by Sangan Iron Ore Complex with 732,633 tons, Jalalabad Iron Ore Company with 486,046 tons, Iran Central Plateau Iron Ore Company with 455,689 tons, Chadormalu Mining and Industrial Complex with 188,290 tons and Mishdavan iron Ore Company with 147,287 tons.

Pellet had the second largest share with a total output of 15.399 million tons, up 25% YOY. Golgohar was the largest producer with 5.27 million tons, followed by Mobarakeh Steel Company with 3.89 million tons, Khouzestan Steel Company with 3.25 million tons, Chadormalu with 1.5 million tons and MIDHCO with 1.46 million tons.

Direct-reduced iron came next with the production of 9.26 million tons, up 12% YOY. Mobarakeh had the lion’s share with 3.71 million tons, followed by KSC with 2.06 million tons, Hormozgan Steel Company with 799,354 tons, South Kaveh Steel Company with 706,822 tons, Saba Steel Complex with 581,102 tons, Khorasan Steel Company with 559,479 tons, Ghadir Iron and Steel Company with 432,317 tons and MIDHCO with 402,092 tons.

Source : Financial Tribune

voda 12 oktober 2017 17:21

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Vedanta update on iron ore business in Q2

At Goa, production was 0.4 million tonnes, with mining activities being lower in Q2, due to the monsoon season. We sold a lower quantity of ore at 0.1 million tonnes due to the low pricing environment.

At Karnataka, we are close to achieving our annual mining cap with production of 0.9 million tonnes during the quarter. Sales were 0.6 million tonnes during the quarter, 30% higher y-o-y and 43% higher q-o-q.

We have inventory of around 3 million tonnes at Goa and 1.2 million tonnes at Karnataka which will be sold in coming quarters.

We remain engaged with respective state governments for mining capacity increases. Pig Iron production decreased to 137,000 tonnes, 29% lower y-o-y and 16% lower q-o-q due to a local contractors’ strike. This strike has been resolved in mid-September 2017 and production will pick up in coming quarters.

Production from Goa was 2.6 million tonnes and sales were 2.0 million tonnes, compared to 2.9 million tonnes and 2.4 million tonnes respectively. Production and sales at Goa were impacted by the low pricing environment. At Karnataka, both production and sales were higher y-o-y at 1.9 million tonnes and 1.0 million tonnes respectively. Production of Pig Iron decreased to 300,000 tonnes in H1 FY2018, 19% lower mainly due to lower metallurgical coke availability on account of weather related supply disruptions in Australia in Q1 FY2018 and local contractors’ strike in Q2 FY2018. Pig iron production is expected to pick up in the coming quarters.

Source : Strategic Research Institute

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voda 12 oktober 2017 18:11

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Steel stocks surge as takeover deal takes shape

Oct. 11, 2017 12:59 PM ET|By: Carl Surran, SA News Editor
Steel companies are surging across the board amid speculation that Commercial Metals (CMC +7.1%) may purchase Gerdau’s (GGB -1.4%) North American rebar mills.

The speculation comes as the scandal engulfing Japan's Kobe Steel deepens, likely removing the company as a competitor for the time being, and Credit Suisse says GGB has been a $5-$10/ton drag on industry metal margins; another key factor could include the boost to steel profitability from flat iron ore prices and the declining cost of coal.

NUE +3.6%, SCHN +2.8%, STLD +2.2%, ZEUS +2%, AKS +1.8%, WOR +1.6%, TMST +1.3%, RS +1.2%, SXC +1.2%, X +0.8%, MT +0.5%.

Source: Bloomberg First Word

Voor meer, zie link:

seekingalpha.com/news/3300470-steel-s...

mvliex 1 12 oktober 2017 21:32

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www.iex.nl/Column/271197/China-haalt-...

mvliex 1 13 oktober 2017 09:23

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ArcelorMittal SA (MT) Given a €37.00 Price Target by Credit Suisse Group Analysts

Posted by Shawn Bailey on Oct 13th, 2017 // No Comments

ArcelorMittal SA logoArcelorMittal SA (AMS:MT) has been given a €37.00 ($43.53) price objective by Credit Suisse Group in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the stock.

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada set a €32.00 ($37.65) price objective on shares of ArcelorMittal SA and gave the company a “buy” rating in a report on Tuesday, August 15th. Citigroup Inc. set a €30.00 ($35.29) price objective on shares of ArcelorMittal SA and gave the company a “buy” rating in a report on Thursday, September 28th. Barclays PLC set a €17.00 ($20.00) price objective on shares of ArcelorMittal SA and gave the company a “sell” rating in a report on Tuesday, August 8th. Finally, Morgan Stanley set a €26.50 ($31.18) price objective on shares of ArcelorMittal SA and gave the company a “buy” rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. ArcelorMittal SA presently has an average rating of “Buy” and a consensus target price of €20.45 ($24.06).

stocknewstimes.com/2017/10/13/arcelor...

mvliex 1 13 oktober 2017 13:01

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www.iex.nl/Column/271254/ArcelorMitta...

voda 13 oktober 2017 13:55

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Arcelor helpt AEX aan nieuw jaarrecord

Gepubliceerd op 13 okt 2017 om 11:52 | Views: 2.468

AEX 13:51
546,84 +4,00 (+0,74%)

ArcelorMittal 13:35
24,19 +1,25 (+5,43%)

AMSTERDAM (AFN) - De Amsterdamse AEX-index scherpte vrijdag het jaarrecord verder aan, mede dankzij een sterke koerswinst van ArcelorMittal. Elders in Europa lieten de beurzen een gemengd beeld zien. Beleggers hielden de blik gericht op de Verenigde Staten, waar de banken Wells Fargo en Bank of America met cijfers komen en de jongste inflatieramingen op het programma staan.

De hoofdindex op Beursplein 5 noteerde rond het middaguur 0,5 procent hoger op 545,71 punten en koerst daarmee af op de hoogste slotstand van het jaar. De MidKap stond nagenoeg onveranderd op 829,12 punten. Parijs daalde 0,1 procent, Frankfurt steeg 0,1 procent en Londen zakte 0,3 procent.

Staalconcern ArcelorMittal profiteerde van sterke handelscijfers uit China en dikte ruim 3 procent aan. Chipmachinefabrikant ASML behoorde ook tot de kopgroep in de AEX met een winst van 2,1 procent, dankzij een adviesverhoging door Exane. Hekkensluiter was digitaal beveiliger Gemalto met een min van 1,7 procent.

Botherstel
DSM won 0,6 procent. Het speciaalchemiebedrijf kondigde een strategische samenwerking aan met het Amerikaanse Cerapedics. De twee bedrijven gaan samenwerken op het gebied van botherstel.

In de MidKap bungelde luchtvaartcombinatie Air France-KLM onderaan met een verlies van meer dan 3 procent. Optiekketen GrandVision ging aan kop met een plus van 1,9 procent.

Obligaties
ASR daalde 0,9 procent. De verzekeraar haalde 300 miljoen euro op met de plaatsing van obligaties. De leningen zijn voornamelijk geplaatst bij fondsen en verzekeraars in het Verenigd Koninkrijk, Nederland, Frankrijk en landen in het noorden van Europa.

In Frankfurt klom Bayer 1 procent. Het Duitse chemieconcern verkoopt voor bijna 6 miljard euro aan activiteiten op het gebied van landbouwbestrijdingsmiddelen en zaden aan branchegenoot BASF (min 0,4 procent). Bayer verkoopt de activiteiten om goedkeuring te krijgen voor de geplande overname van de Amerikaanse zadenhandelaar Monsanto.

Herstelplan
Man Group steeg meer dan 3 procent in Londen, na sterke kwartaalresultaten van het Britse hedgefonds. De geplaagde Britse kredietverstrekker Provident klom ruim 14 procent na aankondiging van een herstelplan voor zijn hypotheekdivisie.
De euro was 1,1826 dollar waard, tegen 1,1845 dollar een dag eerder. Een vat ruwe Amerikaanse olie steeg 1,6 procent in prijs tot 51,42 dollar. Brentolie werd 1,8 procent duurder op 57,25 dollar per vat.

voda 13 oktober 2017 14:02

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ArcelorMittal koopt voor meer geld obligaties in

Voor ruim 1,4 miljard dollar ingekocht.

(ABM FN-Dow Jones) ArcelorMittal zal niet voor 1,25 miljard, maar voor 1,41 miljard dollar aan obligaties aflossen. Dit maakte het staalconcern vrijdagmiddag bekend.

Eind september meldde ArcelorMittal dat het tot 1,25 miljard dollar wilde aflossen op drie uitstaande leningen van in totaal 3,6 miljard dollar.

Het gaat om een obligatie van 1,1 miljard dollar met een looptijd tot 2022, die wordt teruggekocht voor 1.146,25 dollar per 1.000 dollar schuld, een lening van 1 miljard dollar met een looptijd tot 2041 die 1.190 dollar oplevert en nog een lening van 1,5 miljard dollar die doorloopt tot 2039 en die voor 1.212,50 dollar wordt teruggekocht.

De couponrentes op de drie leningen bedroegen oorspronkelijk 6,25 procent, 6,75 procent en 7,00 procent, maar zijn elk met 50 basispunten verhoogd in verband met een rente-aanpassingsclausule.

Obligatiehouders konden hun stukken aanbieden tot en met 12 oktober.

Op basis van deze aanmeldingen besloot ArcelorMittal het bedrag te verhogen naar ruim 1,4 miljard dollar.

Het aandeel ArcelorMittal steeg vrijdag 6,0 procent naar 24,31 euro.

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 13 oktober 2017 14:59

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Roy Hill unveils technology to ensure safety at iron ore operations

Australian Mining reported that Roy Hill has introduced the first dynamic, multiple Geofence package that has been interfaced to fixed and mobile asset elements within the boundaries of the coarse ore stockpile. The Geofence technology was interfaced with two D11T Caterpillar dozers and the radial stacker infrastructure, including the boom, which can be manoeuvred in multiple directions. Both dozers were equipped with RCT’s ControlMaster Teleremote solutions, which removed the operator from the machine and relocated them to an operator station, equipped with vision package from the area. This allows them to control all machine functions from an ergonomic, safe environment.

In addition to the five cameras on the dozers, six PTZ cameras were installed at the site on the COS stacker, tertiary crusher infrastructure and two mobile communications trailers to give operators greater spatial awareness during operation.

The decision to install a virtual perimeter around the dozer stockpile area was to safeguard operators and to ensure the machines can operate in the same area seamlessly without any risk of collision, with the fixed stacker infrastructure or the dozers falling into vaults or driving off the stockpile boundary.

The interfacing of all the dynamic elements on the one site was achieved in partnership with Sitech’s Collision Detection technology — Trimble GNSS and RCT Custom. There were many factors that had to be taken into consideration for the Geofence to work effectively.

Multiple workshops and risk assessments were carried out, both independently and most importantly collaboratively, to define the Geofence boundaries or virtual perimeters within each element.

This included the two dozers, the movement of the stacker boom and the five vaults. The boundaries were also designed to be configurable with the correct level of authorisation in the system, allowing flexibility for the operators.

The SiTrack software was designed to provide the Geofence boundaries, monitor all interactions and provide alerts within the boundaries allowing the RCT system’s semi-autonomous control over the two dozers.

Integration resulted in the creation of a variety of configurable Geofence boundaries within the site to prevent fixed assets and the dozers. Each boundary has different zones to alert the operators of potential danger – green, blue, orange and red.

Source : Australian Mining

[verwijderd] 13 oktober 2017 17:55

0

alerte vondst weer voda! ab
Was dit de trigger vandaag?

quote:
voda schreef op 13 oktober 2017 14:02:
ArcelorMittal koopt voor meer geld obligaties in

Voor ruim 1,4 miljard dollar ingekocht.

(ABM FN-Dow Jones) ArcelorMittal zal niet voor 1,25 miljard, maar voor 1,41 miljard dollar aan obligaties aflossen. Dit maakte het staalconcern vrijdagmiddag bekend.

Eind september meldde ArcelorMittal dat het tot 1,25 miljard dollar wilde aflossen op drie uitstaande leningen van in totaal 3,6 miljard dollar.

Het gaat om een obligatie van 1,1 miljard dollar met een looptijd tot 2022, die wordt teruggekocht voor 1.146,25 dollar per 1.000 dollar schuld, een lening van 1 miljard dollar met een looptijd tot 2041 die 1.190 dollar oplevert en nog een lening van 1,5 miljard dollar die doorloopt tot 2039 en die voor 1.212,50 dollar wordt teruggekocht.

De couponrentes op de drie leningen bedroegen oorspronkelijk 6,25 procent, 6,75 procent en 7,00 procent, maar zijn elk met 50 basispunten verhoogd in verband met een rente-aanpassingsclausule.

Obligatiehouders konden hun stukken aanbieden tot en met 12 oktober.

Op basis van deze aanmeldingen besloot ArcelorMittal het bedrag te verhogen naar ruim 1,4 miljard dollar.

Het aandeel ArcelorMittal steeg vrijdag 6,0 procent naar 24,31 euro.

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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