voda 16 februari 2015 21:16 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 China considers taking more actions about steel pipe trade disputeXinhua quoted an official of China's Ministry of Commerce as saying that the ministry will consider taking possible actions in response to a ruling by the World Trade Organization panel about a steel pipe trade dispute. An official said that China will seriously evaluate the WTO panel report and consider taking possible actions. In December of 2013, the MOC decided to impose provisional anti-dumping measures on imported high-performance stainless steel seamless tubes from the European Union, Japan and the United States for substantial damage to Chinese industry. The remarks of the official, who is in charge of the treaty and law department of the MOC, came one day after the WTO panel made public its rulings over the trade dispute. The official said that the panel supports China's standpoints on issues such as the concrete analysis about price reduction and price impact. However, China has reservations on the panel's rulings about issues such as the dumping margin and fair comparison. Source - Xinhua Aanbevelingen 0 ” Quote Reageren Niet oké
voda 16 februari 2015 21:16 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 EUROFER update on automotive activity. Robust automotive activity throughout 2014 2. Recovery to continue in 2015 to 2016 3. Lower sales to Russia and emergers could weigh down on output. The EU car market continued to expand in the final quarter of 2014; passenger car sales grew 5.7% in the whole of 2014. With the exception of the Benelux and France, demand improved across the EU, most notably in Spain and the UK. Commercial vehicle demand weakened in November and December 2014 following vigorous growth of the market in the preceding months. Growth over the whole of 2014 was 7.6%. Meanwhile, export demand for premium segment cars gradually came under pressure in the third quarter of last year. The economic slump in Russia is specifically being felt by German manufacturers, whereas also UK producers experienced the impact of economic uncertainty on demand in their key export markets. Total automotive production including parts and components grew 3.5% YoY in Q3 2014, a minor slowdown in the growth compared with Q2. Output fell only in the UK, Sweden and Slovakia. First estimates for Q4 2014 signal a further mild deceleration in the YoY growth in activity to around 2.5%. All in all, automotive production is projected to have risen 5% in the whole of 2014. Prospects for 2015 and 2016 are for the recovery of the EU automotive sector to continue, albeit at a more moderate rate than registered in 2014. EU car sales are expected to benefit from improving consumer confidence and low oil prices and inflation boosting real household income. The outlook for car exports is however less benign. Car sales in Russia may fall sharply in 2015 and 2016 due to worsening economic conditions, with some analysts even citing a drop of around 30%. Market prospects are also clouded by the volatility of the rouble and restrictions in consumer credit. Slowing growth in other key emerging markets will also weigh down on automotive exports. Also commercial vehicle demand is seen growing less vigorously than in 2014. Improving business confidence and the steady recovery of the EU economy should translate into a further modest rise of commercial vehicle sales. Total automotive output is expected to increase by almost 4% in 2015. Output in Spain, Italy and in the Central European countries is seen rising rather strongly, whereas France will continue to struggle to stabilise output. Automotive activity is forecast to rise by a further 2.5% in 2016. Source – Strategic Research Institute Aanbevelingen 0 ” Quote Reageren Niet oké
voda 16 februari 2015 21:17 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 Taiwan launches WTO dispute over Indonesian steel dutiesReuters reported that Taiwan has complained at the World Trade Organization about Indonesia's plan to impose safeguard duties on flat rolled products of iron and non alloy steel. Safeguard duties are emergency tariffs that a country can impose temporarily to shield a specific sector from a sudden and damaging surge in imports. There are strict conditions for their use, which Taiwan accuses Indonesia of ignoring. Under WTO rules, Indonesia has 60 days to satisfy Taiwan by negotiating or clarifying its rules. After that period, Taiwan could ask the WTO to adjudicate on its complaint. Source – Reuters Aanbevelingen 0 ” Quote Reageren Niet oké
voda 16 februari 2015 21:18 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 WTO rules against China in steel pipes row with Japan and EUA World Trade Organization panel has largely ruled against China in its row with Japan and the European Union over Beijing's anti dumping duties on imports of steel pipes. Japan and the EU went to the trade body in 2012 and 2013 to protest the anti dumping measures imposed by China on imports of such pipes. Japan had complained about the effect of the measures on exports to China from companies such as Nippon Steel & Sumitomo Metal Corp. The WTO said that the three member panel, set up in 2013 to rule on the dispute, on Friday upheld many of the claims but did not side with the complainants in all matters. China must now take necessary steps to comply with the anti-dumping agreement on imports of the pipes, which are used mainly for superheaters and re heaters of supercritical boilers in power plants. However, Beijing can also appeal the ruling within the next 60 days. The panel noted that Japan and the EU had presented claims opposing the determination by China's Ministry of Commerce that dumping of imports had hurt the Chinese industry. The plaintiffs argued China's consideration of the price effects of the imports was inconsistent with terms of the anti-dumping agreement. According to the panel, the complainants claimed that by applying provisional measures for a period exceeding four months without meeting terms of the anti-dumping agreement, China acted inconsistently. The panel upheld those claims. But the panel rejected the complainants' claims that China was required and failed to assess whether price undercutting by the subject imports had the actual effect of placing downward pressure on domestic prices. The EU, meanwhile, defended the interest of companies including Tubacex SA of Spain and Salzgitter AG of Germany. Source – Japan Times Aanbevelingen 0 ” Quote Reageren Niet oké
Porscheknakker 16 februari 2015 21:19 auteur info Porscheknakker Lid sinds: 24 jul 2003 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 1637 Gegeven: 503 Aantal posts: 12.615 Hee Voda, wanneer vier jij Carnaval?Op dit moment ben ik net thuis gekomen en heb ongeveer 30 pils op.Af en toe moet je de aandelenwereld ff vergeten. Aanbevelingen 0 ” Quote Reageren Niet oké
voda 16 februari 2015 21:20 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 Ukraine sees less ferrous exports earnings in January 2015In January Ukrainian metal companies exported USD 748.7 million worth of ferrous metals, down by 34.3% YoY. Ferrous metals amounted to 25.07% of the total export volumes in January against 26% in January 2014. Ferrous imports fell by 60%, to USD 46.24 million. Metal wares exports in January fell by 25.3%, to USD 87.62 million, while imports decreased by 54.3%, to USD 29.78 million. Source – Metal Ukraine Aanbevelingen 0 ” Quote Reageren Niet oké
voda 16 februari 2015 21:21 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 ILVA gets EUR 400 million in CDP loansANSA reported that the cash strapped ILVA steel manufacturer will receive EUR 400 million in State backed loans from the national government's Cassa Depositi e Prestiti. Earlier, the mayor of Taranto where ILVA is located said cabinet had approved a EUR 260 million bridge loan. Extraordinary commissioners are now managing ILVA as the troubled plant goes through a massive environmental cleanup and financial turnaround project. Source - ANSA Aanbevelingen 0 ” Quote Reageren Niet oké
voda 16 februari 2015 21:21 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 Glencore sees mixed results in Q4, cuts 2015 capex budgetGlobal commodities giant Glencore saw mixed metals and coal production figures at its Latin American operations in Q4 2014. According to Glencore's latest production report, Company wide figures show general declines, with the exception of copper, nickel, ferrochrome, cobalt and palladium. Copper; Glencore's copper output dropped 7% to 397,400 tonnes in the fourth quarter from 426,100 tonnes in the year ago period while production for the full year was up 4% to 1.55 MT. In Chile, production at the Collahuasi mine its JV with Anglo American in northern Tarapacá region totaled 48,600 tonnes of copper in concentrates in the quarter, a 22% decline from Q4 2013. Full year production was up 7% to 196,000 tonnes. The growth was attributed to higher ore tons milled and marginally higher grades. In Peru, the group's share from the 33.8% controlled Antamina mine declined 36% to 28,300 tonnes of copper in concentrates in Q4 2014, while full year production was down 22% to 116,400 tonnes due to planned lower grades and recoveries. Other South American copper assets – which include Chile's Lomas Bayas and Alto Norte, Peruvian mine Antapaccay and Argentina's Alumbrera – saw an 8% increase in copper in concentrates output to 281,100t in 2014. Gold, Silver; Company wide gold production totaled 267,000 oz in the fourth quarter, flat from the year ago period, while full year output was down 6% to 955,000 oz. In Peru, the group's silver in concentrates share from Antamina fell 34% to 984,000oz in 4Q14 from 1.5Moz. Gold production at Glencore's other South American mining assets declined 2% while silver output fell 26% to 386,000oz and by 13% to 1.90Moz, respectively, in Q4 and 2014. Zinc, Lead, Nickel; Glencore's zinc production grew 15% to 388,800 tonnes in Q4 2014, while full year output was marginally higher at 1.39 MT. Lead production was up 4% to 84,200 tonnes in the quarter and nickel output rose 14% to 25,900 tonnes. Glencore's lead and zinc production in Latin America comes from Sinchi Wayra in Bolivia, AR Zinc in Argentina and the 97% owned Los Quenuales operation in Peru, as well as Antamina.Nickel production in Latin America comes from the group's 85.3% owned Falcondo operation in the Dominican Republic, which was put on care and maintenance in October last year. Source – Business News Americas Aanbevelingen 0 ” Quote Reageren Niet oké
voda 16 februari 2015 21:22 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 ArcelorMittal finishing steel mill assets auctionedThe remaining tools, spare parts and other physical assets of the former ArcelorMittal finishing steel mill in Hennepin were offered for sale during a two day global online auction on February 11th and 12th 2015. Items ranged from small mechanical and electrical pieces to several large overhead electric cranes weighing 100 tons. More than 1,400 lots of various materials were offered. The 800 acre site was originally built and run by J&L Steel, which began operations in 1967. Since then, it has passed through the hands of other owners including LTV Steel, ISG and ArcelorMittal; it is now held by IPS Steel. At its peak, the cold roll steel mill employed more than 600 workers. When the mill's closing was announced in 2008, employment was at 285. The plant closed in 2009, with more than 1,000 truckloads of machinery removed that year. The sale was handled by Global Online Auctions. Bidding began the evening of February 10 and closed on February 12th 2015. A plant tour and inspection of lots available was held on February 10. Mr Kishan Sutariya, project manager for IPS Steel said that “Some of the buildings are no longer cost efficient to heat or cool as well as maintain. We are going to remove those and leave all the cement pads, so we can build more efficient buildings back on top. Our vision for this site is to have multiple businesses sharing all the resources that it has to offer.” Source – BCR News Aanbevelingen 0 ” Quote Reageren Niet oké
voda 16 februari 2015 21:23 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 ArcelorMittal update on situation in EuropeSteel shipments in Q4 2014 decreased by 2.2% to 9.6 million tonnes as compared to Q3 2014. Flat and long product steel shipment volumes decreased by 2.9% and 1.6%, respectively, due to minor production issues; export volumes were reduced in order to maintain domestic shipment levels. Sales in Q4 2014 decreased by 6.9% to USD 9.0 billion as compared to Q3 2014, primarily due to lower average steel selling prices (-5.1%), as well as lower steel shipments as discussed above. Average steel selling prices for flat and long products decreased by 5.3% and 6.2%, respectively. EBITDA in Q4 2014 increased by 6.6% to USD 557 million as compared to USD 523 million in Q3 2014 on account of lower costs. EBITDA in 4Q 2014 was 36.6% higher than Q4 2013, reflecting improved market conditions, lower costs and the benefits of cost optimization efforts. Operating performance for Q4 2014 was impacted by impairment charges of USD 57 million, related to the closure of mill C in Rodange, Luxembourg. Operating loss for Q4 2013 was impacted by impairment charges of USD 62 million, primarily related to the sale of the Company's 50% stake in the joint venture Kiswire ArcelorMittal Ltd in South Korea and certain other entities of its Steel Cord business in the US, Europe and Asia. In addition, operating performance for Q4 2013 was impacted by restructuring charges of USD 353 million, primarily related to the announced industrial and social plan for the finishing facilities at Liege Belgium. Source – Strategic Research Institute Aanbevelingen 0 ” Quote Reageren Niet oké
voda 16 februari 2015 21:24 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 ArcelorMittal update on production of mining(a) Own iron ore and coal production not including strategic long term contracts; (b) Iron ore and coal shipments of market priced based materials include the Company's own mines, and share of production at other mines, and exclude supplies under strategic long term contracts. Own iron ore production (not including supplies under strategic long term contracts) in Q4 2014 increased by 5.8% to 16.7 million metric tonnes as compared to Q3 2014. This reflects seasonal improvements in Liberia and strong performance in Canada, offset in part by lower Brazilian and Ukrainian production. Own iron ore production (not including supplies under strategic long-term contracts) was 8.8% higher than Q4 2013, primarily due to higher production from Canadian mining operations following their expansion and subsequent efficiency gains. Market price shipments in Q4 2014 decreased by 0.9% to 9.9 million metric tonnes as compared to Q3 2014, primarily driven by lower shipments from Mexico and Brazil offset in part by improved shipments in Liberia. Shipments at market price in Q4 2014 were 3.4% lower than 4Q 2013 primarily due to lower shipments in Mexico, Ukraine and Brazil offset in part by increased shipments in Canada following the successful commissioning and ramp up of the expanded concentrator. Own coal production (not including supplies under strategic long term contracts) in Q4 2014 decreased 3.6% to 1.7 million tonnes as compared to Q3 2014, and 14.5% lower than Q4 2013 primarily due to lower US and Russian production. EBITDA in Q4 2014 decreased by 16.4% to USD 232 million as compared to USD 278 million in Q3 2014. EBITDA for Q4 2014 was positively impacted by USD 79 million gain on disposal of Kuzbass coal mines in Russia. Underlying EBITDA in Q4 2014 decreased by 44.8% as compared to Q3 2014, primarily due to lower seaborne iron ore market prices (17.7%) and lower market price shipment volumes, offset in part by improved cost performance. EBITDA in Q4 2014 was 60.1% lower (or 73.7% lower on an underlying basis) as compared to Q4 2013, primarily due to lower seaborne iron ore market prices (44.8%) and lower market priced shipments, partially offset by lower costs. Operating loss for Q4 2014 was impacted by USD 63 million impairment charges related to costs associated with the write down of the Volcan iron ore mine in Mexico. Operating performance for Q4 2013 was impacted by USD 61 million impairment charge related to costs associated with the discontinued iron ore project in Mauritania. Source – Strategic Research Institute Aanbevelingen 0 ” Quote Reageren Niet oké
voda 16 februari 2015 21:24 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 ArcelorMittal SA posts annual loss on glutArcelorMittal South Africa reported a fourth consecutive annual loss blaming a global glut and declining commodity prices but forecast better results in the H1 of 2015. The unit of the world's top steelmaker said while it sees international prices remaining depressed, it plans to produce at full capacity and reduce costs. The company reported a headline loss of 57 cents per share for the year to end December, compared with a loss of 56c a year earlier. Headline earnings are the main measure of profitability in South Africa. The steel maker also said because of the global steel glut, cheap Chinese imports were still finding their way into the South African market. Local challenges, such as the near-daily power cuts as the state-run electricity utility Eskom struggles to keep up with demand and maintenance, also weighed on production. The protracted mining and metals and engineering strikes also put pressure on the steel industry. Source – BDlive Aanbevelingen 0 ” Quote Reageren Niet oké
voda 16 februari 2015 21:25 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 quote:330ix schreef op 16 februari 2015 21:19:Hee Voda, wanneer vier jij Carnaval?Op dit moment ben ik net thuis gekomen en heb ongeveer 30 pils op.Af en toe moet je de aandelenwereld ff vergeten.Nooit, moet met een BMW i8 speed nieuws plaatsen! :-) Aanbevelingen 0 ” Quote Reageren Niet oké
Yabbedabbedoe 16 februari 2015 22:01 auteur info Yabbedabbedoe Lid sinds: 06 jan 2012 Laatste bezoek: 17 feb 2025 Aanbevelingen Ontvangen: 9 Gegeven: 141 Aantal posts: 140 ArcelorMittal has published the following news:16 Feb 2015ArcelorMittal Kryvyi Rih supplies rebar for new Volkswagen dealer centre in Ukraine ArcelorMittal Kryvyi Rih has supplied more than 700 tons of 8-28mm rebar for the construction of a new, flagship Volkswagen car showroom, Volkswagen Center Kryvyi Rih, which will open in Kryvyi Rih, Ukraine, in February 2015. To read more on this News item, go to:corporate.arcelormittal.com/news-and-... Aanbevelingen 0 ” Quote Reageren Niet oké
voda 17 februari 2015 16:34 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 JSW announce crude steel output in January up by 1pct YoYJSW Steel Limited has reported crude steel production for January 2015, at 11.20 lac tonnes showing a growth of 1% over corresponding month of previous year. Source - Strategic Research Institute Aanbevelingen 0 ” Quote Reageren Niet oké
voda 17 februari 2015 16:34 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 Steel suppliers protest removal of taxes on imported raw materials in Sri LankaColombo Page reported that Sri Lanka's steel suppliers took to the streets to protest the removal of a tax imposed on imported raw material saying the measure hurts the local industry. The National Iron Suppliers organization staged a protest in Madampe demanding the government resolve several issues they have faced due to the removal of the tax by the previous government. The protesters commenced their protest at Sudu-wella in Chilaw and arrived up to Madampe Town and blocked the Colombo- Chilaw Railway line. They demanded the new government to provide solutions to the problems arisen due to the removal of tax. The protesters say due to the removal of the import tax the iron and discarded material of local suppliers are either not purchased by the manufacturers or purchased for low prices. The protesters request the Government to pay attention to these problems and find solutions. Source - www.colombopage.com Aanbevelingen 0 ” Quote Reageren Niet oké
voda 17 februari 2015 16:34 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 Essar Ports to build three iron ore berths at Vizag portThe Hindu reported that a year after it signed concession agreement Visakhapatnam Port Trust will hand over Ore Handling Complex and other facilities to Essar Vizag Terminals Limited, a wholly-owned subsidiary company of Essar Ports Limited, for development and operation of 3 world-class iron ore berths. Mr MT Krishna Babu, chairman of Visakhapatnam Port, said that “With the BOT operator achieving financial closure, we are waiting for it to pay upfront fee of INR 220 crore for handing over the existing facilities. We are expecting them to take possession of the facilities next month.” The project, for which concession agreement was signed in December, 2013 is estimated to involve an investment of INR 1200 crore. Though it was originally estimated at INR 845 crore, delay resulted in escalation of cost. Visakhapatnam Port, one of the premier ports on the East Coast, is doing exceedingly well in handling iron ore. As on January 26th, it handled a throughput of 46.5 million tonne of which 6.8 million tonne was iron ore. The port received 55% of total iron ore handled by all major ports during the financial year, which itself is a new record. As per the agreement, once the facilities are handed over the Essar, it will commence work to complete the construction and commission all 3 berths in 3 years. The three berths will have a total capacity of 23 million tonne per annum. Essar Ports, which has facilities at Hazira and is developing a new terminal at Paradeep, has big plans for investment in the port sector. Visakhapatnam Port has already awarded work to expand the existing container terminal with a natural depth of 16.5 metres to Visakha Container Terminal Private Limited, a JV of DP World and United Liners Agencies of India Private Limited, at a cost of INR 633 crore. Mr Babu said that with BOT operator achieving financial closure, VPT is waiting for it to pay upfront fee of INR 220 crore for handing over the existing facilities. Source - The Hindu Aanbevelingen 0 ” Quote Reageren Niet oké
voda 17 februari 2015 16:42 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 WTO rules against China in anti dumping caseA WORLD Trade Organisation dispute panel upheld most parts of a complaint against China in a case brought by Japan and the EU challenging Chinese anti dumping duties on high performance seamless stainless steel tubes. Japan brought the complaint in December 2012 to object to China hampering firms such as Nippon Steel & Sumitomo Metal from selling the tubes, which are used in coal fired power plants. The EU, home to exporters such as Tubacex in Spain and Salzgitter in Germany, joined the case against China in June 2013. Mr Cecilia Malmstrom EU trade commissioner said that “In international trade we all need to play by the rules. I am glad that the WTO panel confirms this today, asking China to bring its customs duties in line with the WTO obligations. I hope to see China reacting to this ruling immediately and restoring fair trading conditions for EU producers.” The EU said that the ruling was of systemic importance because it highlighted recurrent shortcomings in China's application of the trade rules, following another dispute where the EU challenged Chinese anti-dumping duties on X-ray scanners. WTO rules allow countries to apply anti dumping duties against unfairly priced imports, but there are strict conditions about applying the rules and calculating whether the goods are actually being dumped. China's Ministry of Commerce said that we will earnestly assess the report and consider possible future steps. China is also under new pressure from the US, which launched a new complaint at the WTO last week to challenge Chinese subsidies supporting billions of dollars of exports. Canada has also escalated a trade row with China by asking the WTO to adjudicate in a dispute about China's anti dumping duties on cellulose pulp. Source - Reuters Aanbevelingen 0 ” Quote Reageren Niet oké
voda 17 februari 2015 16:42 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 ThyssenKrupp operating targets achieved in Q1 2014-2015The industrial and technology group ThyssenKrupp achieved its operating targets in the Q1 of the 2014 to 2015 fiscal year and confirmed its forecast for the full year. Sales, adjusted EBIT and net income increased in part significantly. In a continuing challenging economic climate, order intake came to EUR 10.1 billion down 5% from the prior year. This decrease was mainly due to a major contract at Marine Systems in the prior year quarter. All other capital goods businesses recorded stable to significantly higher order intake YoY. The Elevator Technology business area once again achieved record orders. Sales rose by 11% YoY to EUR 10 billion. On a comparable basis (excluding portfolio and exchange rate effects) sales were up 5% from the prior year. The main reason for this was strong organic growth in the capital goods businesses. Adjusted EBIT from continuing operations in the Q1 climbed by 29% to EUR 317 million (prior year EUR 245 million). The main driver behind this improvement was the successful implementation of efficiency measures. The ThyssenKrupp Group generated net income of EUR 43 million in the 1st quarter (prior year EUR (70) million); after deduction of minority interest, net income was EUR 50 million (prior year EUR (65) million); earnings per share came to EUR 0.09 (prior year EUR (0.12)). Free cash flow before divestments in the Q1was as expected lower than a year earlier at EUR (651) million but fully within the forecast corridor. Among other things the normalization of inventories after the relining of a blast furnace at Steel Europe, the strike at AST in Italy and major contracts at Materials Services led to a temporary increase in net working capital. The Group's net financial debt therefore increased by EUR 535 million to EUR 4.2 billion in the reporting quarter, but was around EUR 390 million lower than a year earlier. The full year outlook for 2014 to 2015 remains unchanged. On a comparable basis, the Group's sales are expected to grow by a single-digit percentage rate. Adjusted EBIT will improve to at least EUR 1.5 billion. With the exception of Steel Americas, all business areas will generate clearly positive contributions. Based on operating progress, ThyssenKrupp expects at least a clear improvement towards break even EBIT at Steel Americas. The Executive Board also expects a substantial improvement in net income (prior year EUR 195 million). There will also be significant progress in cash generation from operating activities: Free cash flow before divestments should be at least break even. Performance of the business areas in the Q1 2014 to 2015 All business areas achieved YoY improvements in Q1 adjusted EBIT; the only exception was Materials Services, which was impacted by the strike at AST in Italy. All business areas with the exception of Steel Americas made a positive contribution to earnings; Steel Americas generated break even earnings. The adjusted EBIT of the capital goods businesses came to EUR 337 million in the first three months. Including Steel Americas and despite the strike in Italy, the materials businesses generated a clear positive contribution of EUR 81 million. Components Technology reported a pleasing performance, profiting from positive currency translation effects and the continued recovery in car and wind turbine components. Order intake and sales each rose to EUR 1.6 billion (prior year EUR 1.4 billion). This represents YoY increase of 13 and 12% respectively. On a comparable basis orders and sales were up 9 and 8 percent respectively. Adjusted EBIT at EUR 67 million was 6% higher than the prior year figure (EUR 63 million). Elevator Technology continued its excellent performance and reported new records for order intake and orders in hand. Order intake and sales rose YoY by 4 and 11% to EUR 1.9 billion and EUR 1.7 billion respectively (prior year EUR 1.8 billion and EUR 1.5 billion respectively); on a comparable basis order intake was unchanged and sales increased by 7%. The new installations business performed particularly well in the USA, China and South Korea. The positive operating performance was also reflected in adjusted EBIT, which rose by 14% to EUR 178 million (prior year EUR 156 million). Steel Europe reported a decrease in orders and sales in the reporting quarter due to lower prices and volumes. There are two main reasons for this: Firstly the sustained decline in steel prices. Secondly volumes were impacted by production bottlenecks due to the delayed completion of a continuous caster modernization which in turn delayed the start up of a relined blast furnace. At EUR 2.1 billion, order intake was down 8% from the prior year figure (EUR 2.3 billion). Sales fell by 4% YoY to EUR 2.0 billion (prior year EUR 2.1 billion). On a comparable basis, order intake and sales also decreased by 8% and 4% respectively. However, adjusted EBIT climbed significantly by EUR 61 million to EUR 79 million (prior year EUR 18 million). Measures under the efficiency program Best in Class Reloaded had a positive impact on earnings, while lower raw material costs also contributed. Dr. Heinrich Hiesinger CEO of ThyssenKrupp said that “We are on course. Our earnings performance in the quarter shows that we are on the right track with the transformation of the Group. The economic environment remains uncertain and the geopolitical risks high. That is why we are continuing to concentrate on the things that we can influence ourselves and working hard to improve our efficiency.” Source - Strategic Research Institute Aanbevelingen 0 ” Quote Reageren Niet oké
voda 17 februari 2015 16:44 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 07 apr 2025 Aanbevelingen Ontvangen: 94580 Gegeven: 23075 Aantal posts: 386.301 Outokumpu reports mixed stainless demand pictureGlobal Stainless steel demand has improved from its year end 2014 lows but the outlook for the Q1 varies by region, states sector major Outokumpu in its latest annual accounts bulletin. In Europe, the Middle East and Africa, order intake is improving and underlying demand remains relatively healthy whereas the Asian market has remained soft at the beginning of the year. In the Americas, meanwhile, market conditions remain promising' overall but the pace of placing new orders is somewhat subdued given uncertainty over the nickel price. Mr Mika Seitovirta CEO of Outokumpu said that “Globally, real demand for stainless steel climbed 5.5% last year, with consumption up 4.7% in the Americas and 3.8% in Europe, the company points out. Of total consumption in 2014, the share taken by imports into the EU reached 30.6% while the figure for the North American Free Trade Agreement region was 18.9%. In 2014, company profitability was clearly improved.” But despite completion of the technical ramp up of its Calvert mill in the US state of Alabama, technical issues and delivery performance challenges in the second half of the year meant that the company cannot be entirely satisfied with the speed of our progress. Since the beginning of January, all cold rolling lines have been back in operation and we expect Coil Americas to step up its performance this year. As a result of a seamless co operation' between Calvert and the cold rolling mill in Mexico, Outokumpu increased its US market share from 15% to 18% last year, and from 20% to 22% for the entire NAFTA market. Worldwide, its stainless steel deliveries for the full year were down slightly at 2.554 million tonnes from 2.585 million tonnes in 2013. Source - Strategic Research Institute Aanbevelingen 0 ” Quote Reageren Niet oké
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