Nieuws en info hier plaatsen (deel 4)

1. voda 23 december 2019 08:21

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   ArcelorMittal verkoopt helft transporttak
   
   Gepubliceerd op 23 dec 2019 om 08:18 | Views: 0
   
   ArcelorMittal 20 dec
   16,17 0,00 (0,00%)
   
   LUXEMBURG (AFN) - Staalbedrijf ArcelorMittal verkoopt de helft van zijn transportdochter Global Chartering aan DryLog. De twee ondernemingen brengen het transportbedrijf onder in een joint venture. De verkoop moet nog dit jaar rondkomen.
   
   ArcelorMittal houdt aan de verkoop 530 miljoen dollar over waarmee de schuld wordt verkleind. Daarvan krijgt het staalbedrijf 400 miljoen dollar bij afronding van de deal en nog eens 130 miljoen dollar begin volgend jaar.
   
   De verkoop van het belang past in ArcelorMittals strategie om halverwege 2021 tot 2 miljard dollar aan onderdelen te gelde te hebben gemaakt.
2. voda 23 december 2019 08:22

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   ArcelorMittal signs share purchase agreement for sale of 50% shipping business stake
   23 December, 08:00 CET
   
   officieel bericht van de website:
   
   corporate.arcelormittal.com/news-and-...
3. voda 23 december 2019 08:41

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   Indian Steel Industry May Face Disruption after Iron Ore Mining Leases Expire in March
   
   PTI reported that Steel Authority of India Limited’s Chairman Mr AK Chaudhary has raised a red flag b saying that Indian the steel industry may face disruption post March 2020 when a number of mining leases expire. While addressing a gathering at FICCI, Mr Chaudhary also said that the Indian steel sector is facing challenges in form of high input costs and unavailability of coking coal in the country. He said “High input cost is a concern for the industry.The production cost of steel in India is the highest at present. One of the major factors contributing to high production cost is tax. In India, average production cost of per tonne steel is about USD 450, whereas in China it is as low as USD 350 where players get benefit of low tax and incentives. The royalty is close to 20 per cent on the input material, whether it is coal or iron ore and freight cost is higher than what is being paid in other countries. Electricity also adds to the high production cost.”
   
   He added “As far iron ore is concerned, we have it in abundance. The only thing is the judicial allocation has to happen. Coking coal is not available in our country and the whole industry is dependent on import of coking coal, particularly integrated steel sector imports from Australia, Indonesia, the US etc.”
   
   Source : Strategic Research Institute
4. voda 23 december 2019 08:42

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   REIDsteel is first steel contractor to sign UK Steel Charter
   
   John Reid & Sons Ltd became the first steelwork contractor to sign up to a new campaign to revitalise the British Steel sector. REIDsteel MD Mr Simon Boyd said “A thriving UK steel sector is incredibly important for the country’s manufacturing base, national infrastructure and wider economy. Our company has relied on British made products for the majority of our 100 year history and we were pleased to recently make British Steel our preferred supplier. We are very proud to be able to further demonstrate our commitment by becoming the first steel work contractor to sign the UK Steel Charter. I hope that other firms in our sector will follow our lead, and that the new Government will give the British steel industry all of the support it needs to flourish in the future.”
   
   UK Steel Director General Gareth Stace said “We are thrilled that REIDsteel are the first steelwork contractor to sign the UK Steel Charter. The UK Steel Charter seeks to encourage more steel buyers to buy British and therefore maximise the value to the UK economy of major construction and infrastructure projects. Every 100,000 tonnes of UK produced steel supports 1,100 jobs in the UK and adds GBP 71 million to the UK economy, compared to the use of imported steel. It is simply common sense to use UK produced steel to help maximise the added value of construction and infrastructure projects and support UK jobs and the UK economy.”
   
   Source : Strategic Research Institute
5. voda 23 december 2019 08:43

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   SCHMOLZ + BICKENBACH Concludes Share Offering
   
   SCHMOLZ + BICKENBACH announced the successful conclusion of its share offering in the context of the announced capital increase. As per the instructions resolved by the extraordinary shareholders' meeting on December 2, 2019 and following the completion of the international offering, the offer price was set at CHF 0.30 per Offered Share. At this offer price, 111,767,019 Offered Shares were subscribed for by existing shareholders in the rights offering and 744,770,277 Offered Shares were allocated to BigPoint Holding AG, 226,696,037 Offered Shares to Liwet Holding AG and 100,000 Offered Shares to another investor in the international offering. This corresponds to a total of 1,083,333,333 Offered Shares sold and to be issued in the capital increase, with gross proceeds of CHF 325 million. Upon completion of the capital increase, the total number of shares issued by the Company will amount to 2,028,333,333 shares.
   
   Upon completion of the capital increase, Martin Haefner and BigPoint, which is ultimately beneficially owned by Martin Haefner, will together own approximately 44.9% of the share capital and voting rights in the Company, while Liwet will own 25.0% of the share capital and voting rights in the Company.
   
   Source : Strategic Research Institute
6. voda 23 december 2019 08:43

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   US Steel Provides Fourth Quarter and Full Year 2019 Guidance
   
   United States Steel Corporation has provided fourth quarter and full year 2019 guidance. Fourth quarter 2019 adjusted EBITDA is expected to be approximately USD 25 million, which excludes approximately USD 225 million of estimated restructuring and other charges. While steel markets in North America are recovering, the Europe and Tubular segments remain weak. The Company expects fourth quarter 2019 adjusted diluted loss per share to be approximately USD 1.15.
   
   US Steel President and Chief Executive Officer Mr David B Burritt said “While the current realities of the markets we serve are having a significant impact on our short-term results, we are taking swift action to align our operational footprint and financial strategy with our customers’ future to ensure we continue executing our ‘best of both’ integrated and mini-mill technology strategy. Fourth quarter expected results confirm the need to change to make the business more resistant to factors outside of our control. While the decisions being made are difficult, we believe they allow us to drive increased stockholder value as we move towards our future faster with a more capital efficient footprint. We understand the impact of announcement to indefinitely idle Great Lakes Works has on many of our stakeholders, and we are acting now to reposition US Steel around a footprint differentiated based on cost or capability.”
   
   Mr Burritt added “2020 will be an important year for strategy execution and we are taking decisive action to make changes to our capital deployment strategy that help us get to where we are going faster. With the reduced capital spending forecast and quarterly dividend adjustment announced today, we are preserving $100 million of cash in 2020 to support the continued execution of our ‘best of both’ strategy.”
   
   The Company expects full year 2019 adjusted EBITDA to be approximately USD 682 million, which excludes approximately USD 285 million of estimated restructuring and other charges and approximately USD 47 million of estimated impacts from the December 24, 2018 fire at our Clairton coke making facility. The Company expects full year 2019 adjusted diluted loss per share to be approximately USD 0.42. The projected net loss and diluted net loss per share for the fourth quarter and full year 2019 is preliminary and is subject to the Company’s ongoing assessment of the realizability of its deferred tax assets.
   
   Source : Strategic Research Institute
7. voda 23 december 2019 08:44

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   Nucor Cuts Guidance for Fourth Quarter of 2019
   
   Nucor Corporation has announced guidance for its fourth quarter ending December 31, 2019. Nucor expects fourth quarter earnings to be in the range of $0.25 to $0.30 per diluted share. This range is a decrease compared to third quarter of 2019 earnings of $0.90 per diluted share and a decrease relative to fourth quarter of 2018 earnings of $2.07 per diluted share. Nucor said “The performance of the steel mills segment in the fourth quarter of 2019 is expected to decrease compared to the third quarter of 2019 as lower steel prices at the end of the third quarter have impacted our fourth quarter results. During the fourth quarter domestic scrap metal prices have risen markedly and our sheet, plate, structural and bar mills have all implemented price increases. We believe this reflects healthy underlying demand for our steel mill products. We expect that the performance of our steel mills segment will improve as we head into 2020, reflecting the impact of the price increases and normal seasonality. The profitability of the steel products segment in the fourth quarter of 2019 is expected to decrease slightly as compared to the third quarter of 2019 due to normal year-end seasonality. However, we expect the profitability of the steel products segment in the fourth quarter of 2019 to be the best fourth quarter in that segment's history and significantly higher than the fourth quarter of 2018.”
   
   Nucor added “Losses of the raw materials segment are expected to increase in the fourth quarter of 2019 as compared to the third quarter of 2019 due to the impact of our Louisiana DRI plant's planned outage which was completed in mid-November – as well as expected further margin compression throughout our raw materials businesses.”
   
   Source : Strategic Research Institute
8. voda 23 december 2019 08:44

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   NLMK Group Recognized as an Energy Efficiency Leader in Russia
   
   NLMK Group was ranked third in the Top 20 Energy Efficient Companies annual ranking, compiled by Expert RA based on performance data for 600 leading Russian companies. NLMK Group Vice President for Energy Mr Sergey Chebotarev said “Steelmaking is an energy-intensive industry, where expenditure on energy in integrated companies reaches 10-12% of production costs. This drives us to systematically improve the energy efficiency of our facilities. We have made steelmaking processes less energy-intensive. We are also using secondary energy resources, including by-product gases, in heat and power generation. BAT solutions aimed at optimizing energy consumption, reduction of costs and rational use of resources boost efficiency along the entire production chain.”
   
   Specific energy intensity of steel production at NLMK Lipetsk has decreased by 23% since 2000, down to 5.47 Gcal per tonne of steel at the end of 2018. NLMK Group has invested over RUB 25 billion in several dozen large-scale energy efficiency projects since 2000. One particular outcome of such projects was to enable recovery of secondary fuel gases for in-house steam and power generation, the share of secondary energy sources is now 82%.
   
   Optimized turbine generator repair time and improved cooling system operation resulted in a higher share of in-house generation at NLMK Lipetsk, up from 30% in 2000 to 58% in 2018. Over the same period, in-house power generation from by-product gases increased almost 2.5-fold, to 357 MW.
   
   A project is currently underway at NLMK Lipetsk to build a new Recovery Cogeneration Plant. The new plant will be mostly powered by by-product gases from steelmaking operations. This will unlock further efficiencies in utilizing secondary resources, reduce the environmental footprint and energy costs, and increase NLMK Lipetsk energy self-sufficiency to 95%.
   
   Source : Strategic Research Institute
9. voda 23 december 2019 09:10

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   Verbazingwekkend. Voorkennis?
   
   ArcelorMittal doet scheepsdivisie deels van de hand
   
   Fabriek van ArcelorMittal in Duitsland. Foto: ArcelorMittal
   
   Staalfabrikant ArcelorMittal MT€16,24+0,47% doet zijn scheepsdivisie voor de helft van de hand. Het bedrijf verkoopt een 50%-belang in het onderdeel, Global Chartering Limited (GCL), aan de Griekse rederij DryLog.
   
   Dat heeft ArcelorMittal maandag bevestigd, nadat vakbladen uit de scheepvaart vorige week al over de transactie hadden bericht. Het industrieconcern, genoteerd aan de Amsterdamse beurs, heeft beleggers toegezegd om voor medio 2021 $2 mrd aan bezittingen te verkopen. Daarmee moet de schuld van ArcelorMittal omlaag.
   
   Uiteindelijk doel is om meer ruimte te krijgen voor de uitkering van dividend, zonder dat de kredietstatus van ArcelorMittal in gevaar komt.
   
   Schuld omlaag
   DryLog is een bedrijf van de Griekse scheepsmagnaat Peter Livanos. Een overnameprijs noemt ArcelorMittal niet, maar het bedrijf zegt wel dat zijn nettoschuld als gevolg van de deal in twee stappen met $530 mln (€478 mln) zal dalen.
   GCL heeft 28 schepen onder beheer, het grootste gedeelte daarvan geleased. ArcelorMittal verwacht dat het bedrijf in de nieuwe constellatie uit kan groeien tot een 'significante speler in de internationale scheepvaart'.
   
   ArcelorMittal verwacht dat de deal met DryLog nog voor het einde van dit jaar kan worden afgerond.
   
   fd.nl/ondernemen/1329169/arcelormitta...

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10. voda 23 december 2019 09:39

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    Steel Dynamics Provides Fourth Quarter 2019 Earnings Guidance
    
    Steel Dynamics Inc has provided fourth quarter 2019 earnings guidance in the range of USD 0.49-0.53 per diluted share. Excluding the impact from the following items, the company expects fourth quarter adjusted earnings to be in the range of USD 0.55-0.59 per diluted share. SDI said “Lower earnings from two planned annual maintenance outages at the company's Butler and Columbus flat roll divisions, resulting in higher than normal maintenance and associated costs of approximately USD 15 million, or USD 0.05 per diluted share. The outages also reduced flat roll steel shipments by an estimated 70,000 tons to 80,000 tons, further reducing fourth quarter earnings. Comparatively, the company's sequential third quarter 2019 earnings were USD 0.69 per diluted share and prior year fourth quarter earnings were USD 1.17 per diluted share.”
    
    Fourth quarter 2019 profitability from the company's steel operations is expected to be lower in comparison to sequential third quarter results, based on the two planned outages, seasonally lower shipments and margin compression as average steel pricing declined more than scrap costs in the quarter. Underlying domestic steel demand remains principally intact for the primary steel consuming sectors, and customers have been positive concerning the business outlook for 2020.
    
    Fourth quarter 2019 results for the company's metals recycling platform is expected to decrease when compared to sequential third quarter results, as a result of lower ferrous shipments and average selling values.
    
    Fourth quarter 2019 earnings from the company's steel fabrication business are expected to modestly decline from near-record high third quarter results, based on margin compression as average product pricing declined more than steel input costs. Demand remains strong with the possibility of record shipments in the fourth quarter. The company continues to experience strong steel fabrication order backlogs and customers remain optimistic concerning non-residential construction projects in 2020.
    
    Source : Strategic Research Institute
12. voda 23 december 2019 09:46

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    Nederland op de 25e plaats!
    
    Global Crude Steel Production in 11 Months of 2019 up by 2.7% YoY
    
    World crude steel production for the 64 countries reporting to the World Steel Association was 147.8 million tonnes in November 2019, a 1.0% decrease compared to November 2018. China’s crude steel production for November 2019 was 80.3 million tonnes, an increase of 3.8% compared to November 2018. India produced 8.9 million tonnes of crude steel in November 2019, down 2.9% on November 2018. Japan produced 7.7 million tonnes of crude steel in November 2019, down 11.8% on November 2018. The US produced 7.2 million tonnes of crude steel in November 2019, a decrease of 2.3% compared to November 2018. South Korea’s crude steel production was 5.9 million tonnes in November 2019, a decrease of 0.5% on November 2018.
    
    Voor de 64 landen, zie pdf.
    
    Source : Strategic Research Institute
    
    

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13. voda 24 december 2019 10:12

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    GFG Alliance Subsidiary Bids to Buy Bayou Steel in US
    
    GFG Alliance’s subsidiary Liberty BSG Holdings Inc is set to pay USD 28 million for Bayou Steel with plans to reopen the bankrupt steelmaker’s shuttered plant in Louisiana. Bayou notified the US Bankruptcy Court for the District of Delaware on December 21 that it had selected Liberty as the successful bidder. Delaware bankruptcy court Judge Karen B Owens said at a December 23 hearing that she intends to approve the all cash bid from Liberty BSG Holdings Inc, after minor changes are made to the sales order. Liberty said its deal is expected to close Jan. 31. It plans to upgrade and modernize the mill in LaPlace and hopes to resume recycling in the second half of 2020 and steel making by 2021
    
    However, the bid is being challenged by Black Diamond Commercial Finance, lead debtor and a subsidiary of Bayou Steel's original owner Black Diamond Capital Management, which made a bid of USD 33.5 million for Bayou Steel. BDCF said in court filings "Under controlling precedent, BDCF cannot be compelled to accept less than the full amount of its secured claim."
    
    Bayou Steel, a merchant bar quality producer, abruptly closed in October short ton per year. Bayou Steel Group announced the layoffs and shutdown September 30. The following day, it said it was filing for Chapter 11 bankruptcy protection. The company operated a 595,000 short ton per year electric arc furnace and MBQ mill in LaPlace in Louisiana that produced steel flats, wide flange beams, channels and angles. The company also operated a 237,000 short ton per year rolling mill in Harriman in Tennessee.
    
    Liberty, which is a part of global group GFG Alliance, has been on a buying spree in the US as the company grows its US footprint to a goal of 5 million short ton per year. Liberty bought and restarted an idled wire rod mill in Georgetown in South Carolina, in 2018. In 2019, it acquired wire rod and bar steelmaker Keystone Consolidated in Illinois fro USD 320 million. Bayou Steel acquisition would bring Liberty to 3 million short ton per year of production in the US.
    
    Source : Strategic Research Institute
14. voda 24 december 2019 10:13

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    Indian Government to Publish White Paper to Support Indian Steel Industry
    
    India’s Steel Minister Mr Dharmendra Pradhan announced that the government will come out with a white paper in four months to cut taxes on steel companies and make them competitive. He said “We will come out with a white paper in three four months. The steel ministry, respective ministries and government departments will be part of it. Niti Aayog would prepare the report in consultations with various government departments, including the finance ministry.”
    
    Mr Pradhan also said that future policies would address the concerns of the secondary steel sector. He said “We are making our policy framework more inclusive. Our government has made raw material even more accessible to the secondary steel sector. Industry must reciprocate by producing more value added products. India still imports high quality steel and we have a large market with skilled workforce. We must create an ecosystem to develop more high quality steel in the country and move towards becoming a net exporter.”
    
    Source : Strategic Research Institute
15. voda 24 december 2019 10:13

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    Severstal Izhora Pipe Mill Passes API 5L Certification
    
    Severstal’s Izhora Pipe Plant hasagain successfully passed the supervisory audit conducted by the certific ation body American Petroleum Institute. During the audit, the current quality management system was checked for compliance with the requirements of API Specification Q1 9th ed. and ISO 9001: 2015. According to the audit, the Izhora Pipe Plant confirmed the ability to produce pipe products in accordance with the requirements of API Specification 5L 46th ed.
    
    The success of the audit also confirmed the right to use the official API monogram for products manufactured in accordance with the terms of official publications of the American Petroleum Institute under the API Specification 5L and in accordance with the terms of the license agreement.
    
    Source : Strategic Research Institute
16. voda 24 december 2019 10:20

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    JSW Steel to Raise INR 3,000 Crore for Bhushan Power & Steel Deal
    
    ET, citing with direct knowledge of the matter, reported that JSW Steel, which is in the process of acquiring Bhushan Power and Steel, is raising INR 3,000 crore in the form of bridge loans to make good the shortfall in the INR 19,700 crore deals. Sources told ET “Credit Suisse, Deutsche and Standard Chartered are the three lenders likely extending the money that JSW Steel would repay in three years.”
    
    The company is said to have already arranged three-fourths of the total sum. The short-term loan is needed to plug the residual funding gap.
    
    Source : ET
17. voda 24 december 2019 10:21

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    Danieli Automation Upgrades Acciaierie Fonderie Cividale EAF
    
    Danieli Automation has completed the upgrade of the 35 tonne AC EAF at Acciaierie Fonderie Cividale in Italy. The AC electric arc furnace is now powered by Q-ONE, a Danieli-patented system based on Insulated-Gate Bipolar Transistor power electronic technology. Two Q-ONE modules sized 12.5 kA each for a total power of 15MVA has been installed. It took just 3 days of plant shut-down to switch from transformer to Q-ONE, and since the first heat AFC has never stopped production. Thanks to the newly installed technology, arc stability was improved considerably, generating improvements in the overall melting process that, though preliminary, showed an initial saving of 5-10% energy consumption and up to 25% power-on time reduction, while the expected 20% electrode consumption reduction will require more heats to be confirmed.
    
    As already demonstrated at ABS Sisak, the installation of Q-ONE at Acciaierie Fonderie Cividale accomplished a very low network flicker due to the quick control of voltage and current. A power factor constantly above 0.96 was also achieved.
    
    Source : Strategic Research Institute
18. voda 24 december 2019 10:22

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    SAIL Bhilai Steel Plant CEO Unveils 10 Million Tonnes Plans
    
    Steel Authority of India Limited’s Bhilai Steel Plant is looking to commence documentation work and undertake feasibility study for the next phase of expansion. BSP CEO Mr Anirban Dasgupta told Business Line “Plans are afoot to enhance the production capacity to 10 million tonnes by 2030. Work on the next phase of expansion is likely to commence by 2024-25. “For the next three to four years, the focus will be on consolidating the current expansion, but we will start working on the documentation part of the next phase of expansion, which includes undertaking feasibility study, preparing detailed project report etc.”
    
    The BSP had recently undergone modernisation and expansion, raising the plant’s production capacity to approximately 7 million tonne from 4 million tonnes.
    
    Source : Business Line
19. voda 24 december 2019 10:22

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    Banque Misr Led Consortium to Provide EGP 2.9 Billion Loan to Beshay Steel
    
    Egypt’s Banque Misr led a banking consortium as the main underwriter, marketer, financing agent, and guarantee agent, to arrange a medium-term syndicated loan of EGP 2.9 billion to finance the inventory needed to operate the Beshay Steel subsidiary, Egyptian Sponge Iron & Steel Company’s production lines.
    
    The consortium included Banque du Caire and National Bank of Egypt as the main salary and underwriters, while HSBC, United Bank, and The Egyptian Bank for Export Development as the main arrangers.
    
    Source : Daily News Egypt
20. voda 24 december 2019 10:23

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    Maharashtra CM Mr Thackeray Announces Steel Plant in Surjagad
    
    Maharashtra Chief Minister Mr Uddhav Thackeray on December 21 announced that a steel plant will be set up in Surjagad area in Vidarbha region of the state. Mr Thackeray announced the Legislative Assembly "We are planning to set up a Jamshedpur or Bhilai like steel plant near Surjagad in east Vidarbha region.”
    
    Surjagad falls under naxal-hit Gadchiroli district, also known for its mineral deposits and dense forest.
    
    Source : Strategic Research Institute
21. voda 24 december 2019 10:23

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    OSCO names new CEOs for Trade, E&C and Energy Units
    
    POSCO replaced the CEOs of its trade, construction and energy units, in order to have younger leaders driving future growth. POSCO International appointed Joo Si-bo, who currently leads the trading firm's energy department, as its new CEO, replacing Kim Young-sang. Joo previously led the company's overseas manufacturing and oil & gas management divisions.
    
    POSCO Engineering & Construction will be led by Han Sung-hee from POSCO's business management division, replacing Lee Young-hoon. The group said Han has rich experience in finance, strategy, investment and overseas business, which will help improve the firm's cost competitiveness.
    
    POSCO Energy appointed Jeong Ki-seop as its new CEO, replacing Park Ki-hong. The group said Jeong will play a pivotal role in expanding POSCO Energy's LNG and other power businesses.
    
    The appointments will be approved at each unit's board meeting and shareholder meeting.
    
    Source : Korea Times