The duration of the contract is for 20 years starting from the fourth quarter of 2016 to the fourth quarter of 2036, shipping a total of 32m tonnes of iron ore.
quinta-feira, 31 de março de 2016
ARCELORMITTAL BRAZIL REPORTS LOSS OF US$ 504 MILLION
ArcelorMittal Brazil reported a consolidated net loss of 1.8bn reais (US$504mn) in 2015 compared with a net profit of 1.49bn reais on year before.
ARCELORMITTAL BRASIL TEM PREJUÍZO DE R$ 1,8 BILHÃO
A ArcelorMittal Brasil reverteu lucro e obteve um prejuízo líquido de R$ 1,8 bilhão em 2015, informou a companhia nesta quarta-feira, 30. Já o Ebitda (lucro antes de juros, impostos, depreciação e amortização) consolidado recuou 26,8% em 2015 em relação ao ano anterior indo a R$ 2,59 bilhões. A receita líquida, por sua vez, atingiu R$ 22,24 bilhões, aumento de 24,2% na relação anual.
"Em 2015, ajustamos o plano estratégico e demos continuidade a uma série de ações e projetos para fortalecer o nosso modelo de negócio e sustentar nossa posição de liderança. Fizemos o dever de casa: aumentamos a produção, reduzimos custos fixos e elevamos a qualidade do mix de produtos. Também continuamos investindo em inovação", afirmou o presidente da ArcelorMittal Brasil, Benjamin Baptista Filho, em nota.
A produção da ArcelorMittal Brasil somou 10,1 milhões de toneladas no ano passado, crescimento de 13,5%. Já as vendas cresceram 12,3% para 10 milhões de toneladas no ano passado. Segundo a companhia, o aumento de vendas ocorreu, fundamentalmente, pelo aumento das exportações da unidade industrial ArcelorMittal Tubarão.
IRON ORE FUTURES DROP TO US$ 58.24
Iron ore futures in China slipped on Thursday, a day after spot prices dropped to a two-week low amid slower buying interest among Chinese steel producers.
On the Dalian Commodity Exchange on Thursday, the September iron ore contract was down 0.8 percent at 376.50 yuan ($58.24) a tonne by 0237 GMT.
Spot iron ore has fallen 16 percent from this year's high following a rally that many had doubted would last as the market remained oversupplied.
"The buying activity was mainly from traders who kept very low inventory in the last few months and had been restocking with expectation that steel demand would come back strong in the next few months," said an iron ore trader in Shanghai.
IRON ORE WILL SNAP BACK TO US$ 45, SAYS MCKINSEY
Iron ore will probably snap back to $45 a metric ton as a nascent real-estate rebound in China won’t bolster construction demand in the world’s biggest user and supplies remain plentiful, according to McKinsey & Co.
The commodity will trade between $45 and $50 a ton this year, eroding a first-quarter rally to as high as $63.74 that was spurred by speculation demand growth will rise, Oliver Ramsbottom, a Tokyo-based partner, said in an interview. There’s no real improvement in Chinese steel consumption, said Ramsbottom, who’s covered commodities for almost two decade
SELLERS UPPED OFFERINGS IN THE TURKISH IMPORT SCRAP MARKET
Stronger market conditions were seen in the Turkish import ferrous scrap market on Wednesday, as sellers upped offerings based on expected increases within US and European domestic markets.
Two US sellers offered 80:20 at $240/mt, a $5/mt rise over Tuesday, according to sellers and traders in the market. A lone European offering was heard at $228/mt for 75:25, according to a European trader.
"There are potential buyers, but most of the sellers -- especially USA -- prefer to wait for next week," said an agent for a Baltic merchant.
Two US sellers offered 80:20 at $240/mt, a $5/mt rise over Tuesday, according to sellers and traders in the market. A lone European offering was heard at $228/mt for 75:25, according to a European trader.
"There are potential buyers, but most of the sellers -- especially USA -- prefer to wait for next week," said an agent for a Baltic merchant.
BOLIVIA WILL DEVELOP IRON AND STEELWORKS WITH CHINA'S SINOSTEEL
Bolivia Wednesday signed a contract to develop the Mutun iron and steelworks with China's Sinosteel Equipment & Engineering, Boliva's Corporacion Minera de Bolivia (Comibol).
Bolivian President Evo Morales signed the contract. "They (Sinosteel) will install the mill in two and a half years, delivering the industry and accompanying us during a year to manage our industry," he said in a Comibol statement. "After the contract ends they'll leave and the industry will be for the Bolivians, who will administrate it."
Bolivian President Evo Morales signed the contract. "They (Sinosteel) will install the mill in two and a half years, delivering the industry and accompanying us during a year to manage our industry," he said in a Comibol statement. "After the contract ends they'll leave and the industry will be for the Bolivians, who will administrate it."
ALIANÇA DA CSN COM JFE STEEL, POSCO, KOBE STEEL, NISSHIN E CHINA STEEL IMPULSIONA RESULTADO
Com um lucro líquido de 2,37 bilhões de reais no quarto trimestre, a CSN reverteu um prejuízo de 533 milhões de reais no trimestre anterior. O resultado bilionário, porém, não indica uma melhora na situação operacional da empresa, afirmam analistas ouvidos por EXAME.com.
O que impulsionou o resultado da siderúrgica foi a combinação dos negócios de mineração da CSN e de um consórcio asiático, formado pelas empresas Itochu Corporation, a JFE Steel Corporation, a Posco, a Kobe Steel, a Nisshin Steel e a China Steel Corp.
Publicidade
A aliança, concluída em novembro de 2015, criou uma nova empresa, chamada Congonhas Minérios. Ela reunirá a mineradora Namisa, a mina Casa de Pedra e a área de logística MRS. A CSN será a controladora com 87,52% de participação, enquanto o consórcio tem 12,48%.
KOREAN STEEL PRODUCER POSCO EYES PORT OF INDIANA
The Korea-based steel producer POSCO is considering the Port of Indiana-Jeffersonville for a new wire rod processing center.
POSCO is seeking approval from the Jeffersonville Redevelopment Commission to proceed with a formal request to the Jeffersonville City Council to phase in its property taxes to help finance the project.
The $19 million project is a joint venture between POSCO and Korea-based JP Steel. It would include a 120,000-square-foot plant that would employ 60 people. It would be POSCO's second U.S. processing plant.
VALLOUREC ASSINA CONTRATO PARA FORNECER TUBOS PARA EMPRESA DE PETRÓLEO DE ABU DHABI
A Vallourec, líder global em soluções tubulares, assinou contrato com a companhia nacional de petróleo de Abu Dhabi (Adnoc) para fornecer produtos tubulares para a indústria petrolífera (OCTG) de 2016 a 2016.
VALLOUREC SIGNS CONTRACT WITH ABU DHABI OIL COMPANY
Vallourec, a world leader in premium tubular solutions, has signed a contract with the Abu Dhabi National Oil Company (ADNOC) to supply OCTG (oil country tubular goods) during the 2016-2018 period to its three operating companies (ADMA-OPCO, ADCO, ZADCO).
This is the first time that a tender has been organized to supply all three operating companies, and represents the largest single OCTG contract (close to 100,000 tons) that Vallourec has received to supply the Emirate of Abu Dhabi.
OCTG will be supplied from Vallourec's mills in France, Germany, Brazil and China.
This is the first time that a tender has been organized to supply all three operating companies, and represents the largest single OCTG contract (close to 100,000 tons) that Vallourec has received to supply the Emirate of Abu Dhabi.
OCTG will be supplied from Vallourec's mills in France, Germany, Brazil and China.
BIDS TO PRIVATISE STEEL MILL WILL BE OPENED TOMORROW (FRIDAY)
Bids to privatise the Smederevo (Serbia) steel mill will be opened Friday, and Tanjug has learned that China's HBIS is the only company that submitted a bid before the expiry of the deadline.
The initial price of the Smederevo giant, which has around 5,000 employees, is EUR 45.68 million - 50 percent of its estimated worth.
Minister of Economy Zeljko Sertic told Tanjug that the suitability of the bid will be determined within the next two weeks.
The initial price of the Smederevo giant, which has around 5,000 employees, is EUR 45.68 million - 50 percent of its estimated worth.
Minister of Economy Zeljko Sertic told Tanjug that the suitability of the bid will be determined within the next two weeks.
TURKEY'S IRON AND STEEL IMPORTS FALL 27.8%
In the January-February period, the value of Turkey's iron and steel imports totaled $1.89 billion, decreasing by 27.8 percent year on year.
MINÉRIO DE FERRO TEM NOVA QUEDA E VAI A US$ 53,75
O preço do minério do minério de ferro recuou 0,8% nesta quinta-feira e foi a US$ 53,75 por t.
A cotação é para o produto 62% negociado em Qingdao, segundo o Metal Bulletin.
A cotação é para o produto 62% negociado em Qingdao, segundo o Metal Bulletin.
IRON ORE FALLS AGAIN AND GOES TO US$ 53.75
Iron ore went down again this Thrusday and went to US$ 53.75 per tonne.
The price is for the product 62% negotiated in Qingdao, according to the Metal Bulletin.
The price is for the product 62% negotiated in Qingdao, according to the Metal Bulletin.
quarta-feira, 30 de março de 2016
MINÉRIO DE FERRO DO BRASIL CAI PARA US$ 57,30
O preço do minério brasileiro cai para US$ 57,30 a tonelada nesta quarta-feira.
A informação é da NMB.
A informação é da NMB.
BRAZILIAN IRON ORE FALLS TO US$ 57.30
Brazilian iron ore fell to US$ 57.30 this Wednesday.
The information is from NMB.
MINÉRIO DE FERRO CAI PARA US$ 54,18
O preço do minério de ferro caiu 1,7% nesta quarta-feira e foi cotado a US$ 54,18.
A cotação é para o produto 62% Fe negociado em Qingdao, segundo o Metal Bulletin.
A cotação é para o produto 62% Fe negociado em Qingdao, segundo o Metal Bulletin.
IRON ORE GOES DOWN TO US$ 54.18
Iron ore went down 1.7% this Wednesday, to US$ 54.18 per tonne.
The price is for the product 62% negotiated in Qingdao, according to the Metal Bulletin.
The price is for the product 62% negotiated in Qingdao, according to the Metal Bulletin.
CSN PLANEJA AUMENTAR PREÇO DOS AÇOS PLANOS EM 10%
A CSN planeja aumentar os preços de aços planos em 10%.
A informação é da Platts.
CHINA'S STEEL PLATE OUTPUT UP 2% IN FEBRUARY
In February, the super-thick plate and common medium plate output of large and medium-sized steel enterprises in China rose 2.02% month on month.
TATA STEEL IS PULLING OUT OF THE UNITED KINGDOM
Tata Steel announced on Tuesday it was pulling out of the United Kingdom, leaving Britain’s biggest steel works in Port Talbot, Wales facing closure with 4,000 job losses, blaming an influx of cheap steel imports from China.
There has been talk of the government stepping in to bail out Port Talbot, but Simon Boyd, director of Reid Steel, told Sky News that EU regulation is to blame.
“State aid rules mean that government is prevented from doing what’s necessary,” he said.
“We in our membership of the European Union are prevented from intervening in a way that other governments can. If you look at what happened in America for example, Chinese dumping went on there, the Americans put an appropriate tariff on imported steel, problem solved.”
segunda-feira, 28 de março de 2016
RASPADSKAYA, RUSSIAN COAL INDUSTRY, REDUCES NET LOSS TO US$ 126 MILLION
Raspadskaya, coal industry from Russia, registered a net loss of $126 million in 2015, decreasing from a net loss of $306 million in 2014.
SCRAP CONTINUES TO RISE ON ORBIS STEEL INDEX
In the week from March 21 to March 27, on the Orbis Steel Index the scrap indexes continued to ris
STUDY SAYS THAT LIGHT-WEIGHT COMPOSITE METAL FOAMS ARE MORE EFFECTIVE THAN STEEL
A new study from North Carolina State University researchers finds that novel light-weight composite metal foams (CMFs) are significantly more effective at insulating against high heat than the conventional base metals and alloys that they're made of, such as steel. The finding means the CMF is especially promising for use in storing and transporting nuclear material, hazardous materials, explosives and other heat-sensitive materials, as well as for space exploration.
"The presence of air pockets inside CMF make it so effective at blocking heat, mainly because heat travels more slowly through air than through metal," says Afsaneh Rabiei, a professor of mechanical and aerospace engineering at NC State and corresponding author of a paper on the work. The composite metal foam consists of metallic hollow spheres - made of materials such as carbon steel, stainless steel or titanium - embedded in a metallic matrix made of steel, aluminum or metallic alloys.
TATA BOSSES TO DECIDE PORT TALBOT PLANT'S FATE
Steel unions will this Tuesday press bosses to keep open Britain's biggest works. .
Tata executives meet in Mumbai for crunch talks which could decide the fate of thousands of staff at the Port Talbot site in South Wales.
About 750 employees are already being axed, but hundreds more could lose their jobs if the firm fails to back a rescue plan.
Community steelworkers’ union general secretary Roy Rickhuss has travelled to India to urge the company to keep the plan open.
He said: “No one underestimates the scale of the challenge we are facing, but our steel industry is of vital importance to our communities, our families and our nation.
DONGBEI, STEELMAKER FROM CHINA, FAILED TO MAKE BOND PAYMENT
A state-owned Chinese steelmaker failed to make a 852 million yuan ($131 million) bond payment and expressed uncertainty about meeting a larger bill next week as the slowing economy weighs on debt-laden producers.
Dongbei Special Steel Group Co., based in the northeastern city of Dalian, said it failed to repay the sum of interest and principal due Monday, according to a statement posted on the Chinamoney website. The company said in a separate statement that it also might not be able to repay 1 billion yuan due April 3 on a 90-day bill because of tight liquidity. The company sold 800 million yuan in one-year bonds last year with a coupon of 6.5 percent, according to data compiled by Bloomberg.
quinta-feira, 24 de março de 2016
VALE STOCKS JUMP 8.29%
Vale stocks jumped 8.29% this Thrusday in the Brazilian Stock Exchange.
The stocks closed at the price of R$ 11.37.
The stocks closed at the price of R$ 11.37.
AÇÃO DA VALE DISPARA 8,3% E FECHA A R$ 11,37
As ações preferenciais da Vale deram um salto de 8,29% nesta quinta-feira e fecharam com a cotação de R$ 11,37.
As informações são da BM&FBovespa.
As informações são da BM&FBovespa.
VALLOUREC LAUNCHES E-BUSINESS PORTAL
Vallourec, a world leader in premium tubular solutions, will unveil its iTube® e-commerce portal. Specially designed for Vallourec’s Industry segment, iTube® is the fruit of a broad company digitalization initiative.
Dedicated to Vallourec Industry products and services (i.e., mechanical, automotive, and construction), the iTube® e-commerce platform (www.itube-portal.de) will initially serve the German market, during its pilot phase. It shall provide existing and potential clients with information, tools, and direct access to the online store (www.itube-shop.de).
As a special feature, the portal will offer a comprehensive digital glossary of technical terms covering steel tubes and pipes, as well as useful design calculation tools for diverse applications. The latest news about innovative products, projects, and industry trends will be addressed in the iTube blog.
JAPAN'S STAINLESS STEEL MARKET UNDER PRESSURE FROM IMPORTS
Prices are slumping in Japan's secondary market for stainless steel sheet after a period of relative stability, as weakening Chinese demand and excess supply fuel a flood of imports from Taiwan and elsewhere.
Stainless steel imports from Taiwan nearly doubled on the year in January to about 4,000 tons, accounting for a quarter of total imports. Imported steel sells for about 260 yen ($2.31) a kilogram, more than 40 yen cheaper than the overall average.
This owes largely to supply gluts elsewhere in Asia. In mainland China, where demand is sluggish, steelmakers have expanded capacity and are exporting aggressively. This has caused rivals in nearby Taiwan and South Korea to lose market share and ramp up exports in turn, creating trade friction with Southeast Asia and Europe. Products blocked from those markets are apparently flowing into Japan, according to Nisshin Steel. The yen's recent appreciation is also playing a role.
U.S. STEEL IMPORTS DECLINE TO 2.2 MILLION TONNES IN FEBRUARY
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI)
reported that the U.S. imported a total of 2,212,000 net tons (NT) of steel in February 2016, including
2,079,000 net tons (NT) of finished steel (down 16.5% and 6.7%, respectively, vs. January final data).
Year-todate (YTD) through two months of 2016 total and finished steel imports are 4,860,000 and 4,307,000 net tons (NT), respectively, down 40% and 34% respectively, vs. the same period in 2015.
Annualized total and finished steel imports in 2016 would be 29.2 and 25.8 million NT, down 25% and 18% respectively vs. 2015.
Finished steel import market share was an estimated 26% in February and is estimated at 26% YTD.
Key finished steel products with a significant import increase in February compared to January are reinforcing bars (up 32%), tin plate (up 53%), structural pipe and tubing (up 12%) and sheets and strip all other metallic coatings (up 11%)
Year-todate (YTD) through two months of 2016 total and finished steel imports are 4,860,000 and 4,307,000 net tons (NT), respectively, down 40% and 34% respectively, vs. the same period in 2015.
Annualized total and finished steel imports in 2016 would be 29.2 and 25.8 million NT, down 25% and 18% respectively vs. 2015.
Finished steel import market share was an estimated 26% in February and is estimated at 26% YTD.
Key finished steel products with a significant import increase in February compared to January are reinforcing bars (up 32%), tin plate (up 53%), structural pipe and tubing (up 12%) and sheets and strip all other metallic coatings (up 11%)
FORTESCUE INTERESTED IN NEW ENERGY MINERALS
Fortescue Metal Group chairman Andrew Forrest says his company is considering possible investments in renewable energy amid the transition in China's economy.
"We are incredibly interested in lithium, graphite, copper. We are incredibly interested in renewables, in the recycling of nuclear waste," the iron ore billionaire said in an interview at the Boao Forum for Asia in Sanya, China. "But will we charge off in there without incredibly serious thought? No."
CLIFFS WANTS IRON PLANT IN MINNESOTA
Cliffs Natural Resources CEO Lourenco Goncalves on Wednesday said he wants to build a direct-reduced iron plant in Minnesota and strongly hinted he'd like to do it at the now half-built Essar Steel Minnesota site in Nashwauk.
Goncalves, speaking at Cliffs' annual breakfast briefing with Iron Range business and civic leaders, said the strongest future for his company and for Minnesota's taconite iron ore industry lies in producing products — namely direct-reduced iron — that can be used in electric arc furnace steel mills that now supply nearly two-thirds of the domestic steel market.
IRON ORE HAS FIRST WEEKLY LOSS IN FOUR
Iron ore sank toward $US50 a metric ton to post the first weekly loss in four amid a resurgent dollar and indications China's economy has yet to rebound, offering early vindication to forecasters including Goldman Sachs Group who'd argued that recent gains were unlikely to persist.
Spot ore with 62 per cent content in Qingdao fell 2.6 per cent to $US56.37 a dry ton on Thursday, dropping for a third day, according to Metal Bulletin Ltd.
After gyrating this month, including the biggest one-day gain on record, prices remain 29 per cent higher in 2016 following three years of losses on a global glut driven by rising low-cost supply and sinking steel demand in China.
There'll be no pricing on Friday.
JAPANESE FERROUS SCRAP EXPORT PRICES TO KOREA RISE FURTHER
Japanese ferrous scrap export prices to South Korea continued to increase amid rising demand and tight supply.
South Korea's leading EAF mill, Hyundai Steel lifted its bidding price in its purchase tender this week, sources in Japan said Thursday.
Hyundai Steel placed a bid price of Yen 20,800/mt ($185/mt) FOB for H2 grade scrap, Yen 22,800/mt FOB for HS grade and Yen 23,300/mt FOB for Shindachi grade scrap, sources in Tokyo and Seoul confirmed.
These apply to cargoes for shipment by May 15. This bid price of Yen 20,800/mt FOB is in line with expectations by Japanese and Korean trading sources, which told Platts Wednesday they expected the South Korean mill to bid H2 scrap at Yen 20,500-21,100/mt FOB.
South Korea's leading EAF mill, Hyundai Steel lifted its bidding price in its purchase tender this week, sources in Japan said Thursday.
Hyundai Steel placed a bid price of Yen 20,800/mt ($185/mt) FOB for H2 grade scrap, Yen 22,800/mt FOB for HS grade and Yen 23,300/mt FOB for Shindachi grade scrap, sources in Tokyo and Seoul confirmed.
These apply to cargoes for shipment by May 15. This bid price of Yen 20,800/mt FOB is in line with expectations by Japanese and Korean trading sources, which told Platts Wednesday they expected the South Korean mill to bid H2 scrap at Yen 20,500-21,100/mt FOB.
VALEMAXES DEVEM TOMAR LUGAR DOS NAVIOS CAPESIZE, PREVÊ SCORPIO BULKERS
A entrada de novos Valemaxes no mercado vai impedir que os navios capesizes estimulem uma recuperação no abalado mercado de granéis sólidos, afirmou Robert Bugbee, presidente da Scorpio Bulkers.
O executivo disse que a empresa se preparava desde 2015, se desfazendo de capesizes, para a encomenda de 30 Valemaxes, por US$ 2,5 bilhões, feita por empresas chinesas neste mês, visando transportar minério de ferro da Vale.
O executivo disse que a empresa se preparava desde 2015, se desfazendo de capesizes, para a encomenda de 30 Valemaxes, por US$ 2,5 bilhões, feita por empresas chinesas neste mês, visando transportar minério de ferro da Vale.
ANGLO AMERICAN E PRUMO INVESTEM R$ 3,7 BILHÕES NO PORTO DE AÇU
A Prumo Logística informou nesta quinta-feira que investiu R$ 1,3 bilhão no Porto do Açu em 2015. Desde 2007, já foram aplicados R$ 10 bilhões no empreendimento.
Deste montante, R$ 6,3 bilhões foram investidos pela Porto do Açu Operações, subsidiária da Prumo Logística, e R$ 3,7 bilhões pela Ferroport, joint venture formada por Prumo e Anglo American, e pela Anglo American.
Deste montante, R$ 6,3 bilhões foram investidos pela Porto do Açu Operações, subsidiária da Prumo Logística, e R$ 3,7 bilhões pela Ferroport, joint venture formada por Prumo e Anglo American, e pela Anglo American.
VALE FARÁ ASSEMBLEIA EM ABRIL PARA DEFINIR REMUNERAÇÃO DE ACIONISTAS
A Vale realizará assembleia de acionistas em 25 de abril, que vai deliberar sobre alterações na política de remuneração a acionistas da mineradora.
No documento enviado à Comissão de Valores Mobiliários, a empresa propõe que a remuneração ao acionista ficará a critério do Conselho de Administração.
O grupo "deliberará sobre o montante a ser distribuído em função do contexto de negócios da companhia", diz o manual da assembleia.
Atualmente, a diretoria executiva da companhia propõe o pagamento até 31 de janeiro. A intenção é não divulgar valor mínimo a ser distribuído aos acionistas. Hoje a Vale o faz de acordo com o desempenho esperado da companhia no decorrer daquele ano.
Para 2016, a Vale já informou que pretende não pagar remuneração a acionistas, diante da volatilidade dos preços das commodities minerais.
Em caso de pagamento, a Vale tradicionalmente faz a distribuição em duas parcelas, uma em abril e a segunda em outubro. A proposta agora é pagar a parcela inicial em outubro e a segunda até o fim de abril do ano seguinte.
O valor da primeira parcela será definido em função dos resultados acumulados do período pela companhia e da estimativa de geração de fluxo de caixa livre. O da segunda será determinado após a apuração do resultado do exercício social, disse a empresa.
ARCELORMITTAL SHRINKS IN THE U.S. BY SELLING UNITS TO BLACK DIAMOND CAPITAL MANAGEMENT
ArcelorMittal is selling off its LaPlace, Louisiana, and Vinton, Texas, long carbon facilities as the multinational steelmaker and mining company looks to shrink its footprint in the United States.
Connecticut-based Black Diamond Capital Management purchased the plants for an undisclosed sum. ArcelorMittal will continue to service them during the transition in ownership so there's no disruption to customers.
"The sale of LaPlace and Vinton is consistent with ArcelorMittal's stated strategy of selective divestment of non-core assets," ArcelorMittal North America executive vice president and CEO Jim Baske said. "I would like to thank the employees of LaPlace and Vinton for their commitment and efforts over the years, and wish them a successful future under new ownership."
The deal is expected to close in April.
CONSUMO DE AÇO LAMINADO RECUA 15% NA AMÉRICA LATINA
O consumo de aço laminado na América Latina teve queda de 15% em janeiro, segundo dados da Alacero, associação de aço do continente.
Também a produção de aço laminado caiu (9%), assim como a de aço bruto (17%).
Também a produção de aço laminado caiu (9%), assim como a de aço bruto (17%).
TRINIDAD TOBAGO REFUSES TO BY ARCELORMITTAL UNITY
The Trinidad and Tobago government says it will not purchase debt-ridden ArcelorMittal Point Lisas, a local subsidiary of the world's leading steel and mining company.
Finance Minister Colm Imbert said ArcelorMittal, which has been losing money since 2008, is in the process of winding up the company in accordance with the Companies Act and the next step would be to advertise that resolution, appoint a liquidator, meet with creditors and dissolve the company.
"If the government were to take on this liability now, we would have to absorb TT$3 billion in debt. It doesn't appear that it makes sense for the government to purchase the plant at this time; reason being the huge debt levels and also the absence of a market for the product," said Imbert.
NIPPON STEEL AND TECHINT MAY SPLIT USIMINAS WITHIN A YEAR
The controlling shareholders of Brazilian steelmaker Usiminas (USIM5.SA) could agree to split the company's assets and go their separate ways over the next year in a last ditch attempt to resolve an ongoing battle for control, a source familiar with the matter told Reuters.
The division would see Japan's Nippon Steel & Sumitomo Metal Corporation (5401.T) take the 4 million-tonne-per-year Ipatinga mill, while Italo-Argentine Techint would keep the Cubatao plant, which also has an annual capacity of 4 million tonnes but has been shut since the start of the year.
"Nippon has already concluded that it's necessary to have a divorce," the source said late on Wednesday on condition of anonymity. "This has to happen within a year, there's no longer a climate of conviviality or trust."
Nippon Steel in Brazil declined to comment. Spokespeople for Techint did not immediately respond to requests for comment.
NA USIMINAS, SÓCIOS AVALIAM DIVISÃO DA COMPANHIA
A falta de entendimento entre os controladores da Usiminas, Ternium/Techint e Nippon Steel, colocou a cisão da siderúrgica mineira de volta à mesa de negociação, sendo apontada agora como única solução para o imbróglio societário que já se arrasta há cerca de dois anos. As empresas, conforme fontes próximas à siderúrgica, estariam focadas em viabilizar essa alternativa. Se essa intenção sair do papel, a unidade de Ipatinga ficaria com o grupo japonês e Cubatão, nas mãos do grupo ítalo-argentino.
Uma fonte próxima à Usiminas disse que essa saída, que já foi estudada entre as partes no início de 2014, se desenha como a única opção ao litígio. Na época, um dos problemas apontados era que a Usiminas perderia competitividade, pois teria sua escala reduzida. Hoje, no entanto, a situação é outra, visto que a atividade primária em Cubatão está paralisada desde janeiro e a laminação por lá ocorre na medida em que há demanda.
EUROPEAN STEEL PRICES RISE IN MARCH
European flat product transaction values rebounded, in March, as import pressure from non-EU suppliers declined.
In March’s issue of the European Steel Review, MEPS reports that European selling values increased, from relatively low levels, this month, after falling for much of last year.
Western European steelmakers announced their second price hike, since the start of the year. Buyers appear to be placing orders at the higher price level due to a lack of attractive import offers.
Quotations from Chinese mills rose significantly, this month. The introduction of preliminary antidumping duties on cold rolled coil from China and Russia also hampered import penetration from overseas suppliers.
In Germany, customers reported that order intake had improved. French service centres noted that flat product market activity remained firm, in March.
Positive price movements have been recorded in Italy. UK selling figures were boosted by improved distribution activity.
In March’s issue of the European Steel Review, MEPS reports that European selling values increased, from relatively low levels, this month, after falling for much of last year.
Western European steelmakers announced their second price hike, since the start of the year. Buyers appear to be placing orders at the higher price level due to a lack of attractive import offers.
Quotations from Chinese mills rose significantly, this month. The introduction of preliminary antidumping duties on cold rolled coil from China and Russia also hampered import penetration from overseas suppliers.
In Germany, customers reported that order intake had improved. French service centres noted that flat product market activity remained firm, in March.
Positive price movements have been recorded in Italy. UK selling figures were boosted by improved distribution activity.
UK STEEL UNION HEAD HEADS TO MUMBAI TO MEET TATA BOARD
Community, one of the largest unions representing Tata Steel workers, has launched an emotional campaign, as its head prepares to travel to Mumbai to meet with the Tata board ahead of a board meeting on Tuesday, which unions believe could determine the future of Port Talbot, one of Tata Steel’s major UK plants.
The union has released a video featuring present and past workers of the plant, and family members and children, in which they recount the importance of the plant to their lives, including giving jobs, homes, putting “food on the table” and building “lives and communities”.
“It’s part of our identity. It’s who we are. We won’t let it die,” says one of the workers featured in the online video. General Secretary of Community Roy Rickhuss is due to arrive in India on Monday, along with Stephen Kinnock, the MP for Port Talbot, and two steel workers.
NLMK (RUSSIA) NET PROFIT INCREASES 25%, TO US$ 967 MILLION
In 2015, Russian steelmaker NLMK Group's net profit increased by 25 percent year on year to $967 million.
IMPORT PRICE OF IRON ORE IN GERMANY FALLS 29.6%
In February this year the import price of iron ore in Germany decreased by 29.6 percent year on year.
TURKEY'S IRON ORE IMPORTS FALL 28%, TO 599,226 T
In January this year, Turkey's iron ore imports totaled 599,226 metric tons, falling 28 percent compared to the same month of 2015.
SCOTTISH STEEL PLANTS DEAL AGREED
The "back to back" agreement, which was confirmed on Thursday morning, involves the Scottish Government buying the Clydebridge and Dalzell plants from Tata Steel, and immediately selling them on to Liberty.
The sale will be done under the same terms with no cost to the taxpayer.
Liberty will take responsibility for reopening, operating and investing in the two sites as part of its wider strategy to build an integrated and sustainable steel business across the UK.
Business minister Fergus Ewing said: "When Tata Steel mothballed the Dalzell and Clydebridge plants, I said we would leave no stone unturned in the quest to find an alternative buyer.
LIBERTY WILL BUY TWO OF TATA STEEL'S SCOTTISH ASSETS
Liberty House, a steel and metals group located in India, will acquire two of Tata Steel’s Scottish assets.
Under the deal, the Clybridge and Dalzell steel plants will first be sold to the Scottish government, and then on to Liberty House, on the same terms. Liberty House also acquired assets from Lord Swraj Paul’s Caparo Group last year, as it builds up its portfolio in the UK steel industry.
ARCELORMITTAL TO SELL TWO OF IT U.S. OPERATION (LAPLACE AND HARRIMAN)
Steel giant ArcelorMittal said Thursday it has agreed to sell two of its U.S. steel operations to Black Diamond Capital Management for an undisclosed sum.
The transaction includes the sale of the LaPlace, La., steel facility, along with a rolling mill in Harriman, Tenn., which produces long steel products such as billets, angles, flats, channels and beams.
It also includes the Vinton facility, located in El Paso, Texas which produces rebar and grinding media, also long steel products.
VOLUME OF IRON ORE EXPORTED FROM BRAZIL TO CHINA GOES UP 31%
The volume of iron ore exported by Brazil to China increased 31% in the first 2 months of this year.
The information is from the Brazilian government.
The information is from the Brazilian government.
EXPORTAÇÃO DE MINÉRIO DE FERRO DO BRASIL PARA A CHINA CRESCE 31%
O volume de minério de ferro do Brasil exportado para China aumentou 31% no primeiro bimestre.
A informação é do MDIC (Ministério do Desenvolvimento).
A informação é do MDIC (Ministério do Desenvolvimento).
DIFFERENCE OF IRON ORE PRICE BETWEEN BRAZIL AND AUSTRALIA INCREASES TO US$ 2.60
The difference of iron ore price between Brazil and Australia went up to US$ 2.60 per tonne.
The information is from NMB.
The information is from NMB.
DIFERENÇA DO PREÇO DO MINÉRIO DE FERRO DO BRASIL E DA AUSTRÁLIA É DE US$ 2,60
A diferença entre o preço do minério de ferro do Brasil e da Austrália subiu para US$ 2,60 por t.
A informação é da NMB.
A informação é da NMB.
MINÉRIO DE FERRO CAI PARA US$ 56,37
O preço do minério de ferro recuou 2,6% nesta quinta-feira e foi cotado a US$ 56,37 por t.
A cotação é para o produto 62% Fe negociado em Qingdao, segundo o Metal Bulletin.
A cotação é para o produto 62% Fe negociado em Qingdao, segundo o Metal Bulletin.
IRON ORE WENT DOWN TO US$ 56.37
Iron went down 2.6% this Thrusday, to US$ 56.37
The price is for the product 62% Fe negotiated in Qingdao, according to Metal Bulletin.
The price is for the product 62% Fe negotiated in Qingdao, according to Metal Bulletin.
quarta-feira, 23 de março de 2016
TURKEY'S CRC IMPORTS FALL 16%
In January this year, Turkey's cold rolled coil (CRC) imports totaled 47,879 metric tons, falling by 16.6 percent compared with the same month of 2015.
UKRAINE EXPORTS US$ 58.4 MILLION OF STEEL PIPES
In the January-February period this year, Ukraine exported $58.43 million worth of steel pipes.
JUSTIÇA SUSPENDE PEDIDO DE PRISÃO PARA EXECUTIVOS DA SAMARCO
O Superior Tribunal de Justiça (STJ) suspendeu o inquérito instaurado pela Polícia Civil para apurar as responsabilidades do rompimento da barragem de Fundão, que ocorreu em novembro do ano passado em Mariana (MG).
Com a decisão, o andamento dos processos de pedidos de prisão preventiva de sete pessoas, incluindo o ex-presidente da Samarco Ricardo Vescovi, ficam paralisados.
VALE SIGNS CONTRACT WITH PAN OCEAN (SOUTH KOREA) TO SHIP 32 MILLION T OF IRON ORE
Pan Ocean, from South Korea, has entered into a long term contract of affreightment (COA) with Brazil’s mining giant Vale to ship iron ore from Brazil to the Asian region including China and Malaysia.
VALE FECHA CONTRATO COM SUL-COREANA PARA TRANSPORTAR 32 MILHÕES DE T DE MINÉRIO DE FERRO
A empresa sul-coreana PanOcean informou nesta quarta-feira (23) que fechou um contrato de afretamento (COA, na sigla em inglês) com a Vale para transportar 32 milhões de toneladas de minério de ferro por ano para a companhia brasileira.
Segundo a Reuters, o acordo, que tem duração de 20 anos, tem um valor de US$ 362,5 milhões.
Segundo a Reuters, o acordo, que tem duração de 20 anos, tem um valor de US$ 362,5 milhões.
GEORGIA'S IMPORTS OF STEEL TUBES FROM TURKEY WENT UP 2.3%
In the first two months, Georgia's imports of steel tubes and pipes from Turkey amounted to 8,869 mt, up 2.3 percent year on year.
CHINA'S DEBT COULD DERAIL STEEL PLAN
China's campaign to slim down its bloated industries could be derailed by more than $1.5 trillion of debt in its steel, coal, cement and non-ferrous metal sectors, which threatens to overwhelm local banks.
Tackling industrial overcapacity has become a priority for Beijing to make its slowing economy more efficient and address a supply glut that has hammered coal and steel prices.
China is providing more than 100 billion yuan ($15 billion) in the next two years to handle layoffs from coal and steel, but that will only be made available once debts have been settled.
Critics say there is no clear mechanism for tackling the debt burden, which will put huge strain on the weakest sections of the banking sector.
STEELMAKERS IN INDIA SEEK GREATER IMPORT PROTECTION
The steel industry in India wants the government to raise further barriers to cheap imports from China, Japan and South Korea but officials appear wary of possible complications from providing additional support.
Indian steelmakers, like their peers around Asia and beyond, are suffering despite low iron ore prices. Citing weakening finances and falling profitability, Standard & Poor's lowered its rating on Tata Steel's debt by a notch in January while Moody's Investors Service did likewise for JSW Steel last month; JSW's revenues declined 23% in the nine months to December.
Steel imports into India rose 75.5% in the fiscal year that ended in March 2015 and were up another 24% in the current fiscal year through January. Chinese imports in particular have more than doubled in volume over the past three years.
Indian steelmakers are hardly alone in calling foul. Their counterparts in the
ANGLO AMERICAN HAS STTLED PREMIUM HARD COKING COAL NEGOTIATIONS WITH NIPPON STEEL US$ 3 HIGHER
Mining company Anglo American has settled second-quarter premium hard coking coal negotiations with Japanese mill Nippon Steel & Sumitomo Metal Corp, $3 higher quarter on quarter at $84/mt FOB Australia, the first benchmark increase in 10 quarters, market sources said Wednesday to Platts.
This price applies to Anglo American's flagship premium low-vol and mid-vol brands German Creek and Moranbah North. Both coal categories were priced at $81/mt FOB Australia in Q1.
This price applies to Anglo American's flagship premium low-vol and mid-vol brands German Creek and Moranbah North. Both coal categories were priced at $81/mt FOB Australia in Q1.
SCOTLAND'S GOVERNMENT CLOSE TO DEAL TO SAVE TATA STEEL UNITY
Efforts to secure the future of two of Scotland's steelworks are at a critical phase as the two parties close in on a deal, the First Minister has said.
Tata Steel's mothballed plants at Clydebridge and Dalzell require new operators and the Scottish Government is confident that an agreement can be reached that would see Liberty House take over operations.
Nicola Sturgeon told MSPs: "Negotiations with Liberty House and Tata Steel and the Scottish Government are continuing as we speak to secure the basis for an agreement which would see Liberty House buy and operate the Dalzell and Clydebridge steel plants.
"The final due diligence on that agreement is taking place at present. The agreement would be facilitated by the Scottish Government and involve us buying the plants and then immediately selling them on to Liberty for the same consideration.
TNG SIGNS AGREEMENT WITH DOWNER TO IRON PROJECT IN AUSTRALIA
TNG hA signed an initial agreement with Downer EDI to take part in the development, construction and operation of the Mount Peake vanadium-titanium-iron project in the Northern Territory in Australia.
Last year TNG completed a definitive feasibility study for Mount Peake, confirming a potential world-class project capable of generating outstanding returns.
Last year TNG completed a definitive feasibility study for Mount Peake, confirming a potential world-class project capable of generating outstanding returns.
PORT OF HOUSTON AUTHORITY RECORDED A MIXED FEBRUARY AS STEEL IMPORTS CONTINUED TO DROP
The Port of Houston Authority recorded a mixed February as steel imports continued to drop from record highs, following the path of oil.
Overall the Port Authority saw nearly 3 million tons of cargo in February, executive director Roger Guenther told the Port Commission during its regular meeting on Tuesday.
MITSUI PREVÊ QUE TERÁ PREJUÍZO DE US$ 620 MILHÕES
A japonesa Mitsui, que tem associações com a Vale, prevê prejuízo de US$ 620 milhões em 2015.
Esse será o primeiro prejuízo da Mitsui em anos.
MITSUI ANNOUNCES ITS FIRST ANNUAL LOSS
Japan's Mitsui & Co is set to post its first annual loss since being established in 1947 after a slide in energy and metal prices forced it book 260 billion yen ($2.3 billion) in writedowns, it said on Wednesday.
Like major international oil and mining companies, Japanese trading firms have been caught flat-footed by the rout in commodities brought about by softening demand in top consumer China, where economic growth has slowed.
The Tokyo-based company said it expected a net loss of 70 billion yen for the financial year ending on March 31, having earlier forecast a profit of 190 billion yen, following hefty one-off losses in its copper and other resource assets.
VALE OFERECE SSFG POR US$ 60
A Vale ofereceu SSFG por US$ 60 a tonelada nesta quarta-feira.
A informação é da NMB.
A informação é da NMB.
VALE OFFERS SSFG AT US$ 60
Vale offered SSFG this Wednesday at US$ 60 per tonne.
The information is from NMB.
The information is from NMB.
MINÉRIO DE FERRO DO BRASIL SOBE PARA US$ 61,30
O preço do minério de ferro brasileiro subiu nesta quarta-feira para US$ 61,30 a tonelada
A informação é da agência NMB.
A informação é da agência NMB.
BRAZILIAN IRON ORE GOES UP TO US$ 61.3
Brazilian iron ore price went up to US$ 61.3 per tonne this Wednesday.
The information is from NMB.
The information is from NMB.
MINÉRIO DE FERRO CAI A US$ 57,87
O preço do minério de ferro recuou 0,8% nesta quarta e foi a US$ 57,80 por t.
A cotação é para o produto 62% Fe negociado em Qingdao, segundo o Metal Bulletin.
A cotação é para o produto 62% Fe negociado em Qingdao, segundo o Metal Bulletin.
IRON ORE FALLS TO US$ 57.87
Iron ore went down 0.8% this Wednesday, to US$ 57.8 per tonne.
The price is for the product 62% Fe negotiated in Qingdao, according to the Metal Bulletin.
terça-feira, 22 de março de 2016
COMPRAS DE DISTRIBUIDORES DE AÇO CAEM 21% E VENDAS RECUAM 11%; PREVISÃO É OTIMISTA PARA MARÇO
A compras feitas pela rede de distribuição de aço em fevereiro recuaram 21,1% em relação ao visto no mesmo intervalo do ano passado para 224,9 mil toneladas, de acordo com dados do Instituto Nacional dos Distribuidores de Aço (Inda). Em relação a janeiro, o recuo foi de 7,9%.
As vendas, por sua vez, caíram 11% em fevereiro na relação anual, para 242,9 mil toneladas. Ante janeiro houve uma alta de 0,6%. Com isso os estoques atingiram 906,4 mil toneladas, queda de 1,9% em relação ao mês imediatamente anterior. O giro, assim, ficou em 3,7 meses.
As importações caíram 86,3% em fevereiro na relação anual para 24,3 mil toneladas. Ante janeiro houve um recuo de 19,9%.
Para março, o Inda estima um aumento de vendas e de compras de 4% em relação a fevereiro.
BRAZILIAN SALES OF FLAT STEEL BY DISTRIBUTORS FALL 11%
Brazilian sales of flat steel by local distributors declined 11 percent in February, year-on-year, to 242,900 mt,
VALE STOCKS WENT UP 1.85%
Vale stocks close this Tuesday with an increase of 1.85%.
These stocks went up even in a negative session for the Brazilian Stock Exchange, that registered a decrease of 0.32%.
These stocks went up even in a negative session for the Brazilian Stock Exchange, that registered a decrease of 0.32%.
AÇÕES DA VALE FECHAM COM ALTA DE 1,85%
O Índice Ibovespa fechou nesta terça-feira em queda de 0,32%.
No entanto, as ações da Vale tiveram alta de 1,85%. Esses papéis chegaram a ter alta mais acentuada durante as negociações, mas refrearam a alta depois do meio-dia.
No entanto, as ações da Vale tiveram alta de 1,85%. Esses papéis chegaram a ter alta mais acentuada durante as negociações, mas refrearam a alta depois do meio-dia.
USIMINAS E CSN INFORMAM A DISTRIBUIDORES REAJUSTE DE 10% A 12%
O reajuste do preço do aço visto no mercado chinês vai chegar ao mercado interno brasileiro até o final de abril, afirmou o presidente do Instituto Nacional dos Distribuidores de Aço (Inda), Carlos Loureiro.
"A Usiminas deu um comunicado oficial de aumento [do preço] de 10% a partir de 1º de abril, e também tivemos a comunicação oficial da CSN, que aumenta entre 10% e 12% a partir de 6 de abril", disse.
STOCKS OF VALE AND GERDAU GO UP
Vale and Gerdau stocks are up in the Brazilian Stock Exchange this Tuesday.
The Ibovespa Index was down 0.17% at noon, but Vale was up 2.38% and Gerdau had an increase of 4.1%.
The Ibovespa Index was down 0.17% at noon, but Vale was up 2.38% and Gerdau had an increase of 4.1%.
AÇÕES DA VALE E DA GERDAU ESTÃO EM ALTA NA BOLSA
As ações da Vale e Gerdau estão entre as maiores altas na BM&FBovespa nesta terça-feira.
Até o meio-dia, a Bolsa tinha leve queda de 0,17%, mas os papéis ON da Vale subiam 2,38% e a Gerdau PN subia 4,1%.
Até o meio-dia, a Bolsa tinha leve queda de 0,17%, mas os papéis ON da Vale subiam 2,38% e a Gerdau PN subia 4,1%.
AICHI STEEL, FROM TOYOTA, RESTARTS BAR MILL
| Toyota-affiliated Aichi Steel Corp. has restarted a bar mill that was damaged by a gas explosion earlier this year, the company has announced. |
The plant supplies specialty steel for Toyota engine, transmission and chassis components.
TOKYO STEEL RAISES PRICES OF STEEL BARS FOR APRIL IN 5%
Tokyo Steel Manufacturing , Japan's top electric arc furnace steelmaker, will raise prices of construction-used steel bars for April delivery by 5 percent in its first hike in over two years, reflecting a rebound in spot prices at home and abroad.
The company will increase prices for steel bars, including rebar, by 2,000 yen ($17.83) to 44,000 yen a tonne, it said in a press briefing on Tuesday.
That is Toyko Steel's first price hike since January delivery in 2014, possibly indicating that the market has bottomed out after slumping on oversupply.
Tokyo Steel's pricing strategy is closely watched by Asian rivals such as Posco, Hyundai Steel Co and Baosteel, which export to Japan.
TOKYO STEEL AUMENTA PREÇOS DE BARRAS EM 5%, NO PRIMEIRO REAJUSTE EM 2 ANOS
A Tokyo Steel Manufacturing, maior siderúrgica do Japão que utiliza fornos elétricos na produção de aço, vai aumentar preços de barras usadas em construção para entrega em abril em 5 por cento, no primeiro reajuste em mais de dois anos.
O aumento reflete uma retomada nos preços no mercado à vista no Japão e no exterior.
A companhia vai aumentar os preços da barras de aço em 2 mil ienes (17,83 dólares) para 44 mil ienes a tonelada, afirmou a empresa a jornalistas.
VALE DEVE AVALIAR SÓCIO MINORITÁRIO EM PROJETOS NO PARÁ, DIZ BANCO
O banco de investimentos Bradesco BBI afirmou nesta terça-feira (22) que a Vale poderia avaliar um sócio minoritário para o projeto de minério de ferro S11D ou para a mina de cobre Salobo, ambos no Pará, para reduzir o endividamento.
A análise do banco é que esses projetos poderiam atrair investidores apesar das condições de mercado desafiadoras.
A análise do banco é que esses projetos poderiam atrair investidores apesar das condições de mercado desafiadoras.
BILLINGTON, FROM UK, REPORTS STRONGEST ANNUAL RESULTS IN 5 YEARS
Structural steel firm Billington Holdings has reported its strongest annual results in five years and will reward shareholders with a 100 per cent increase in its dividend.
The Barnsley-based firm, which supplied the steel for the Royal Shakespeare Company’s award-winning Stratford-upon-Avon theatre, has been busy working on a number of major projects such as a new distribution centre for Next in Doncaster and a number of high rise commercial properties at Wellington Place in Leeds.
The group said revenue rose 26 per cent to £57m in the year to December 31 while pre-tax profits jumped 63 per cent to £3.1m,
Assinar:
Postagens (Atom)