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Arcelor Mittal april

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  1. Archie Steelman 23 april 2018 14:42
    Na zo veel mooie dagen groen is het vreemd dat er weer een rood kleurtje komt en dat maakt dat er hier ietwat stilte ontstaat. Maar straks wordt het weer groen toch....
  2. ijzervreter 23 april 2018 15:59
    Londense jongens zijn geraakt door US-opmerking dat zij Rusal (USSR) niet zullen straffen als de oligarch zijn aandelen verkoopt. Gevolg: grootste daling in de prijs van grondstoffen voor Aluminium in 5 jaar! Die Trump jongens schieten alle kanten op. Soms zit het mee, soms zit het flink tegen.

    Nu staan ze rond de 1% in de min. (Was 2%). Het stof daalt weer. De markt rimpelt nog na... Op naar toch nog groen?
    Het is allemaal sentiment. Het raakt AM voor geen meter, maar toch zie je de onrust in zo'n parallel markt.
  3. forum rang 10 voda 23 april 2018 16:48
    ArcelorMittal must clear entire debt of UGSL and KSS to qualify for bidding - NCLT

    Times of India reported that ArcelorMittal will have to ensure that the outstanding debt of Uttam Galva and KSS Petron are repaid to be in the race for Essar Steel. A detailed reading of the 89-page order by the National Company Law Tribunal (NCLT) reveals that the ArcelorMittal Group was in control of both Uttam Galva and KSS Petron, which were non-performing assets (NPAs), when the resolution process began. Uttam Galva has outstanding loans of INR 5,654 crore, while KSS Petron has INR 1,340 crore. (ie total of INR 6994 crores)

    The tribunal observed that ArcelorMittal has been a promoter of Uttam Galva since 2009 and the company was an NPA in the books of Canara Bank and PNB as of March 2016. Also, on the date of commencement of corporate insolvency resolution process, August 2, 2017, ArcelorMittal was connected to both the defaulting companies. The order said “In order to become eligible, overdue amounts to lenders, in both the cases of KSS Petron and Uttam Galva Steels, should be paid by ArcelorMittal before being eligible to bid as provided in Section 29A itself.”

    From the order, it can be discerned that the NCLT is of the opinion that even when bids are put in by promoters who are in default, they should have an opportunity to participate provided they pay back the entire outstanding debt.

    Source : Times of India
  4. forum rang 10 voda 23 april 2018 16:52
    ArcelorMittal likely to gain EU approval for Ilva acquisition - Report

    Reuters quoted two people familiar with the matter as saying that ArcelorMittal, the world’s largest steelmaker, is on track to win EU antitrust clearance to acquire Italian peer Ilva after agreeing to sell a number of significant assets across Europe. As per report ArcelorMittal has offered to sell its only galvanized steel plant in Italy, as well as units in Romania, Macedonia, the Czech Republic, Luxembourg and in Belgium.

    Sources said that is a far bigger package of sales than originally planned as the company bowed to regulatory demands in its quest to buy Europe’s biggest capacity steel plant. The galvanized steel plant in Italy, Piombino mills, for example, makes 800,000 tonnes a year of the product.

    The EU competition enforcer has been concerned that the deal may reduce competition in some flat carbon steel products and result in higher prices for customers in southern Europe.

    The European Commission is scheduled to decide on the deal by May 23

    Steel service center S.Polo Lamiere said it had provided industry feedback on ArcelorMittal’s concessions to the Commission. Mr Tomasso Sandrini CEO told Reuters that “The global feedback was that those remedies were considered sufficient by the different operators in the market, so the feedback the Commission received from stakeholders was positive.”

    The size of the divestments has prompted worries in some countries where the businesses to be sold are located.

    Source : Reuters
  5. forum rang 10 voda 23 april 2018 17:01
    EU extends anti dumping duties on Chinese steel ropes
    Steel News - Published on Mon, 23 Apr 2018

    European Commission on April 20th 2018 extended anti dumping duties on steel ropes and cables from China for another five years. In a statement, the commission said that anti-dumping duties of 60.4 percent have been in place since 1999 and this was the third expiry review, extending measures at the same level for a further five years. It added the products consigned from Morocco and the Republic of Korea were also subject to these duties.

    It said that "The expiry review investigation found evidence that dumping from Chinese companies would continue should measures be allowed to lapse, which would have a negative financial impact on the EU steel industry.”

    The commission said that "The global surplus in steelmaking capacity has driven down steel prices to unsustainable levels in recent years and had a damaging impact on the steel sector, as well as related industries and jobs.”

    It added the EU uses full potential of its trade defense toolbox to ensure a level-playing-field for its producers and their ability to maintain jobs in the sector.

    Source : Strategic Research Institute
  6. forum rang 10 voda 23 april 2018 17:19
    quote:

    nieneute schreef op 23 april 2018 17:17:

    en we blijven erin geloven :-)
    En ik blijf hier Staal Nieuws plaatsen, tot ik niet meer kan!!
    (ik zit allang niet meer in AM)
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