US hot-rolled coil prices boosted to $540-$560/st.
The information is from Platts.
segunda-feira, 2 de maio de 2016
SCRAP CONTINUES TO RISE ON THE ORBIS STEEL INDEX
In the week from April 25 to May 1, on the Orbis Steel Index the scrap indexes continued to indicate upward movement.
ARCELORMITTAL AND ITALY'S MARCEGAGLIA IN ILVA BID IF BANK COMES IN
Anglo-Indian steel giant Arcelor Mittal and Italy's Marcegaglia steel group are reasy to bid for troubled steeelmaker ILVA is government bank Cassa Depositi e Prestiti (CDP) comes in with them, sources told ANSA Monday.
If CDP agrees to join, the remainder of the consortium will be 85% Arcelor Mittal and 15% Marcegaglia, they said.
The two groups had talks with CDP Monday outlining their plans.
They said they would make a binding offer by an end-May deadline if the government bank comes into a three-way consortium.
ILVA has been put up for sale after the court-ordered seizure of assets at its highly polluting Taranto plant, which is being cleaned up.
If CDP agrees to join, the remainder of the consortium will be 85% Arcelor Mittal and 15% Marcegaglia, they said.
The two groups had talks with CDP Monday outlining their plans.
They said they would make a binding offer by an end-May deadline if the government bank comes into a three-way consortium.
ILVA has been put up for sale after the court-ordered seizure of assets at its highly polluting Taranto plant, which is being cleaned up.
SAUDI STEELMAKER IN TALKS TO RENEGOTIATE US$ 2 BILLION DEBT
Saudi Arabia’s Al Tuwairqi Group is restructuring 7.5 billion riyals ($2 billion) of debt at one of its steel units, according to three people familiar with the matter, as a global surplus puts pressure on manufacturers from China to Europe.
Al Tuwairqi started talks with lenders to restructure the debt of Al Ittefaq Steel Products Co. in expectation that it would be unable to make payments, the people said, asking not to be identified as the information is private. It’s the second time since the financial crisis that the company has had to restructure debt, the people said. Al Ittefaq hasn’t defaulted on a payment and the debt is mostly held by banks in Saudi Arabia, two of the people said.
Steel companies around the world have been cutting jobs and production as a glut caused by slowing demand in China leads to a drop in profitability. The European steel industry has reduced 7,000 jobs since last autumn, according to Brussels-based trade association Eurofer. China’s steel exports surged 19.8 percent to 112.4 million metric tons in 2015, crushing global steel prices by 25 percent to 50 percent, according to Bloomberg Intelligence.
METAL TYCOON IS SEEKING US$ 1 BILLION TO RESCUE THE UK ARM OF TATA STEEL
Metal tycoon Sanjeev Gupta is seeking a $1bn ( pounds sterling 684m ) war chest to rescue the UK arm of Tata Steel and has lined up investment bank Macquarie as a backer.
Sources revealed that the entrepreneur behind Liberty House , who recently bought two Scottish steel mills from Tata, has privately calculated that he will need about $1bn in working capital to keep the various sites operational.
The jobs of thousands of steel workers are hanging in the balance ahead of tomorrow's deadline for initial bids.
Tata has told more than 190 suitors they have to submit letters of intent for the business, which are aimed at identifying the serious players.
Port Talbot was put up for sale last month by the Indian conglomerate, which decided to pull out of the UK altogether after rejecting a pounds sterling 100m rescue plan because it was 'unaffordable'.
PwC DIZ QUE HÁ "DÚVIDA SUBSTANCIAL" DE QUE SAMARCO VAI CONTINUAR A OPERAR
Auditora do balanço da Samarco Mineração, a PricewaterhouseCoopers (PwC) afirma que existe "uma dúvida substancial" quanto à possibilidade de a companhia continuar a operar. A mineradora vem trabalhando para retomar as atividades, suspensas após o acidente, mas ainda é incerto se e quando isso poderá ocorrer.
A análise está nas ênfases do relatório sobre as demonstrações financeiras de 2015, divulgado na quarta-feira, 27. No relatório em que aprova o balanço, a PwC aponta alguns focos de preocupação. Protagonista da maior tragédia ambiental do País a Samarco registrou prejuízo de R$ 5,8 bilhões em 2015, afetada por provisões de R$ 9,8 bilhões para a reparação de danos, o pagamento de multas e exigências feitas pelo governo frente ao rompimento da barragem de Fundão, no distrito de Mariana, em Minas Gerais, em novembro passado.
GERDAU CONCLUI CESSÃO DE AÇÕES PARA A ARCELORMITTAL
A Gerdau informa que concluiu nesta sexta-feira, 29, a cessão e transferência de 30 milhões de ações preferenciais (GGBR4) mantidas em tesouraria à ArcelorMittal, no âmbito do processo de aquisição de participações minoritárias em sociedades controladas.
Conforme já divulgado, a operação tem como objetivo viabilizar a simplificação e unificação das participações societárias de controladas do Brasil. O conselho de administração da siderúrgica já havia aprovado a aquisição de participações minoritárias na Gerdau Aços Longos S.A., Gerdau Açominas S.A., Gerdau Aços Especiais S.A. e Gerdau América Latina Participações S.A., tendo como contrapartes Itaú Unibanco S.A. e ArcelorMittal Netherlands BV. Essas aquisições de participações acionárias, no valor total de R$ 1,986 bilhão, permitirão à Gerdau deter mais de 99% do capital total de cada uma das controladas.
A companhia esclarece, ainda com relação aos objetivos e aos efeitos econômicos esperados da operação, considerando inclusive os valores pagos, que busca viabilizar a transformação dessas companhias, no futuro, em subsidiárias integrais e/ou à sua incorporação. Adicionalmente, consolida o recebimento de dividendos e proporciona maior facilidade de acesso ao mercado de capitais.
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