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1. voda 15 januari 2016 17:18

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   Brazil charges Vale and Samarco for environmental crime in wake of dam disaster
   
   Bloomberg reported that Brazil's Federal Police accused Vale and its Brazilian joint venture with BHP Billiton of environmental crime related to a November dam collapse that destroyed a city in the country's southeast and sent waves of toxic mud downstream into the Atlantic Ocean.
   
   Seven company executives and engineers were also indicted, as well as consulting company Vogbr, which was responsible for technical reports on the stability of the dam operated by Samarco Mineracao, the company co-owned by the two global miners. Samarco's CEO Ricardo Vescovi is among the indicted, according to a police statement.
   
   The decision by the Brazilian police gives more ammunition to prosecutors seeking financial compensation from Samarco. The company has already been ordered to pay 20 billion reais for the recovery of a river and nearby communities following the accident, considered by the government the country's biggest environmental tragedy ever.
   
   Vale said in an emailed statement that it received the news of its indictment "with surprise'' because the causes of the accident are "still unknown".
   
   Samarco said it doesn't agree with the indictment of its professionals as there is no technical conclusion about the causes of the accident.
   
   Vogbr didn't immediately respond to phone calls and an email seeking comment.
   
   Source : Bloomberg
   

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2. voda 15 januari 2016 17:19

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   Rio Tinto warns of tough 2016 as iron ore market resumes slump
   
   RIO Tinto has slapped a global freeze on staff salaries and warned this year will be tougher than last as the broad commodities price rout becomes the “new normal”. Rio said there would be no pay rises for its 60,000-strong workforce a freeze that goes to the top and includes short and long-term incentive payments for all executives.
   
   A leaked email from Rio chief Mr Sam Walsh to staff says 2016 will be “even tougher” than last year and the miner must find further savings. Mr Walsh wrote “What we see ahead is very sobering. This situation is not temporary and our industry is moving into the new normal which means we must continue to be one step ahead.”
   
   He said “This decision was a very difficult one. I’m sure you are disappointed by it, as am I, but it is necessary given the market context.”
   
   Rio will also look to extract better deals from contractors and suppliers and has urged staff to make better use of technology to reduce the company’s travel bill. Mr Walsh said he had already cancelled a number of trips and asked his executive team to do the same.
   
   But for iron ore giant Rio Tinto there could be a silver lining of sorts in what is shaping to be an ugly 12 months. Mr Walsh says the carnage could provide opportunity for Rio to widen the gap against its fellow majors. He said "Rio Tinto can thrive when others falter.”
   
   Source : The Daily Telegraph
   

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3. voda 15 januari 2016 17:26

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   Door de 7,000 posts heen!!!
   
   En hoe staat het met de koers?
   
   Ik baal heel erg dat er zoveel AM beleggers volkomen een vermogen verliezen.
   
   Aan de nieuwsvoorziening heeft het echt niet gelegen. Hier zijn partijen bezig, om het aandeel kapot te maken.
   
   Waarom laat de heer L. Mittal niets horen? SCHANDALIG, naar mijn bescheiden mening!!!
4. joebeatt 15 januari 2016 20:01

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   quote:

   voda schreef op 15 januari 2016 17:26:

   Ik baal heel erg dat er zoveel AM beleggers volkomen een vermogen verliezen.
   
   Aan de nieuwsvoorziening heeft het echt niet gelegen. Hier zijn partijen bezig, om het aandeel kapot te maken.
   
   Waarom laat de heer L. Mittal niets horen? SCHANDALIG, naar mijn bescheiden mening!!!
   

   Ach Voda, come on! Zo'n reactie verwacht ik toch niet van zo'n ouwe rot. <):-) Je zit, net als ik, al zo lang in het "vak". Zo gaat het nu eenmaal op de beurs. Als particulier moet je rekening houden met dit soort zaken. En als je ervan overtuigd bent dat het aandeel kapot gemaakt wordt dan is dit het moment om in te stappen. AM gaat waarschijnlijk niet failliet. Dus kopen en opzij leggen, zou ik zeggen. Ik ben gisteren long gegaan. Meteen vandaag alweer een forse dreun gehad, maar ik wacht rustig af. Ontspannen en door de neus ademen, zou mijn tandarts zeggen.
5. voda 15 januari 2016 22:22

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   quote:

   joebeatt schreef op 15 januari 2016 20:01:

   [...]
   Ach Voda, come on! Zo'n reactie verwacht ik toch niet van zo'n ouwe rot. <):-) Je zit, net als ik, al zo lang in het "vak". Zo gaat het nu eenmaal op de beurs. Als particulier moet je rekening houden met dit soort zaken. En als je ervan overtuigd bent dat het aandeel kapot gemaakt wordt dan is dit het moment om in te stappen. AM gaat waarschijnlijk niet failliet. Dus kopen en opzij leggen, zou ik zeggen. Ik ben gisteren long gegaan. Meteen vandaag alweer een forse dreun gehad, maar ik wacht rustig af. Ontspannen en door de neus ademen, zou mijn tandarts zeggen.
   

   Tja, mijn opa, die kapper was, schoor vele klanten nog met zo'n bloedscherp lang mes.
   Toen bewogen de klanten echt niet! Ik heb het als klein jongetje meegemaakt! Ik heb mij vroeger 1x geprobeerd met zo'n mes te scheren, oh, my god, wat een bloedbad! Overgestapt op zo'n elektrisch apparaat, pas later op nat scheren met de veilige Gillette mesjes :-)
   
6. [verwijderd] 16 januari 2016 13:11

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   voda schreef op 15 januari 2016 17:26:

   Door de 7,000 posts heen!!!
   
   En hoe staat het met de koers?
   
   Ik baal heel erg dat er zoveel AM beleggers volkomen een vermogen verliezen.
   
   Aan de nieuwsvoorziening heeft het echt niet gelegen. Hier zijn partijen bezig, om het aandeel kapot te maken.
   
   Waarom laat de heer L. Mittal niets horen? SCHANDALIG, naar mijn bescheiden mening!!!
   

   Laat de moed niet zakken, Voda. Ik vermoed dat we er goed uitkomen, zeker zij die AM onder de 8 euro hebben gekocht. Ja, iedereen zou natuurlijk willen op 3 euro te hebben gekocht. Dat zijn de echte geluksvogels. Ik zit erin voor 4,20 en slaap 's-nachts uitstekend, omdat ik weet een goede lange termijninvestering in handen te hebben. Ja, de mensen die nu tegen deze koers uitstappen zijn natuurlijk WEL het kind van de rekening. Je moet als belegger nu eenmaal geduld hebben in deze keiharde wereld. Dit geduld wordt bij AM in mijn visie op termijn (en dan bedoel ik één tot twee jaar) zeker beloond. Beleggen is nu eenmaal investeren en blijven zitten. De huidige beurs is zeer gevaarlijk voor eendagsvliegen. Die worden door de shorters vroeg of laat kapotgemept.
7. [verwijderd] 18 januari 2016 09:33

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   LONDEN (AFN/RTR) - Staalconcern Tata Steel, de Indiase eigenaar van het voormalige Hoogovens in IJmuiden, schrapt ruim duizend banen in Groot-Brittannië. Dat meldde televisiezender Sky News zondag, zonder bronnen te bij naam te noemen.Volgens Sky komt het banenverlies bovenop een vorig jaar aangekondigde reorganisatie waardoor bijna 1200 Britse banen verloren gaan bij Tata Steel. Reden voor de nieuwe ontslagronde zijn de aanhoudend lage prijzen die voor staalproducten worden betaald, aldus het televisiestation. Met name in Groot-Brittannië kampt de staalindustrie met relatief hoge energiekosten. - See more at: www.eurobench.com/Beursnieuws/ANP-170...
8. voda 18 januari 2016 16:45

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   Venezuelan steel mill Sidor increases production in 2015
   
   According to media reports, steel output at Venezuela’s state run steelmaker Sidor rose 2.7 percent in 2015. Sidor produced 1.06 million tonnes of steel, while average steel output during the year was 89,005 tonnes. December’s steel output reached 86,916 tonnes, 31.6 percent up from 66,031 tonnes in November.
   
   Despite the increased steel output in December and in 2015, Sidor’s output levels reached about a fourth of its capacity.
   
   Wire rod production at Sidor declined 26.8 percent in 2015 to 138,480 tonnes. Rebar output, which was mainly destined to housing programs, rose 12.1 percent to 118,031 tonnes. Sidor’s tinplate output diminished 25 percent in 2015 to 13,414 tonnes.
   
   Source : Steel Orbis
   
9. voda 18 januari 2016 16:46

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   Indian pig iron exports in Jan-Sep 2015 total 441,000 tonnes
   
   India's pig iron exports totaled 441,000 tonnes in January-September 2015, down 32.8% from the same period of 2014, averaging 49,000 tonnes per month, when its cumulative exports translated into an annualized 590,000 tonnes, according to Indian trade statistics.
   
   Of the total, Thailand took the largest quantity of 245,000 tonnes or 55.5%, up 14.2%; Taiwan the second largest of 44,000 tonnes or 10.0%, down 16.8%; and Saudi Arabia the third largest of 35,000 tonnes or 8.0%, down 34.4%. As a result, the top thee destinations together accounted for 73.5% of the total.
   
   In September 2015, India's pig iron exports fell off to an all-time low of 2,800 tonnes in total, down 96.1% from the same month of the previous year. Of the total, Bhutan took the largest amount of 1,000 tonnes, up 401.9%.
   
   Source : The TEX Report Ltd
   
10. voda 18 januari 2016 16:47

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    Tokyo Steel cuts steel scrap purchase prices in January
    
    The Tex reported that Japan's Tokyo Steel Mfg Co has reduced what the company pays for locally available ferrous scrap at all its facilities, effective with Jan 8 arrivals. A price reduction of JP Y500 per tonne applies to all grades of seaborne/overland arrivals at the Tahara, Okayama and Kyushu works besides the Takamatsu steel center. A price reduction of JPY 300per tonne applies to the shredded grade C and another price reduction of JPY 500 per tonne applies to other grades for overland arrivals at the Utsunomiya works.
    
    As a result, the new delivered prices of No2 HMS are JPY 16,000 per tonne for seaborne/overland arrivals at the Tahara works; JPY 14,500 per tonne for seaborne/overland arrivals at the Okayama works; JPY 15,500 per tonne for seaborne/overland arrivals at the Kyushu works; JPY 15,500 per tonne for overland arrivals at the Utsunomiya works; and JPY 14,000 per tonne for seaborne/overland arrivals at the Takamatsu steel center.
    
    Tokyo Steel's purchase price reduction of local ferrous scrap has taken effect for the first time in nearly two months at the Tahara, Kyushu and Utsunomiya works since Nov 3 last year, and for the first time in about two weeks at the Okayama works and the Takamatsu steel center since Dec 26 last year.
    
    Source : The TEX Report Ltd
    
11. voda 18 januari 2016 16:48

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    ZHAOGANG.COM raises funds to expand after tripling on line steel trading volumes in 2015
    
    Shanghai Daily reported that ZHAOGANG.COM, which trades steel and iron products online, said last week that it raised CNY 1.1 billion (USD 167 million) in a latest round of financing and that it plans to list domestically within two years.
    
    Shanghai-based Zhaogang will use the capital raised to upgrade its online platform.
    
    Mr Wang Dong, founder and CEO of Zhaogang, said “It expects to launch its initial public offering in the domestic market within two years.”
    
    In 2015, Zhaogang’s trade volume hit more than 32 million tonnes, triple the pervious year’s level.
    
    Source : Shanghai Daily
    
12. voda 18 januari 2016 16:49

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    Warren Steel Holdings shut down for good
    
    WKBN last week reported that Warren Steel Holdings will not reopen its doors as company officials had hoped moving into 2016. The plant located at 4000 Mahoning Ave., Warren, closed November 30, but production was expected for resume before the end of March.
    
    Worker Adjustment Retraining Notification letters were sent January 11 to the plant’s 162 employees. According to the WARN notice, a drop in demand, poor economic conditions, and loss of financing forced the closure. The company also noted they received a disconnect notice from the utility company.
    
    Warren Steel Holdings makes steel in square, round and rectangle shapes.
    
    Source : WKBN
    
13. voda 18 januari 2016 16:49

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    Steel market in ASEAN region to grow by 6% during 2015-19 - TechNavio
    
    Commodityonline.com reported that , according to market research analysis by TechNavio, ASEAN steel market is likely to witness moderate growth at a CAGR of around 6% during 2015-2019 period. The automotive industry, mechanical machinery, and infrastructure and construction industries are the primary users of steel and have been driving the growth of the ASEAN steel market. The infrastructure and construction sector accounts for more than 52% of the global steel consumption.
    
    The supply shortage in this region is anticipated to deter the growth of the market during the forecast period. Mining mills in this region have suffered from unsustainably high operating cost and the reliance on electric arc furnace steelmaking, which has limitations on the raw material used by steel makers. With the steel supply overhauling demand, this has resulted in reduced profit margins for steel manufacturers in the ASEAN region.
    
    One of the major trends is the growth in the renewable energy industry. In addition, throughout the region robust demand for steel in the infrastructure and construction, oil and gas, and automotive industries has been witnessed. Thus, the combination of trends and drivers is expected to propel the growth of the market during the forecast period, the report said.
    
    According to the report, the ASEAN steel market is driven by many factors. One of the major drivers in this market is the growth in end-user industries. Continuing rapid growth in end-user industries, such as the automotive, construction, and infrastructure industries, will boost demand for steel in the ASEAN region.
    
    Source : commodityonline.com
    
14. voda 18 januari 2016 16:52

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    Unfair and unnecessary demands persist as negotiations resume with ArcelorMittal - USW
    
    When USW negotiations for a new contract with ArcelorMittal resumed on January 4, 2016, our committee was hopeful that the tentative agreement our union reached with U.S. Steel would lead the company to change its approach to bargaining in the New Year. Unfortunately, that is not the case. While ArcelorMittal has dropped its demand for active employees to pay monthly premiums for medical coverage, the company continues to propose drastic changes to the designs of our active and retiree benefits plans and tripling our retirees’ healthcare premiums.
    
    Many of the protections of our contracts were negotiated specifically to prevent employers from unilaterally changing them, and the company’s proposals are geared toward giving management more control.
    
    For example, the company cannot currently change benefits or increase premiums on retirees without mutual agreement from our union, but the company’s insistence on eliminating lag dates and selecting vendors at its sole discretion pose a great threat to our ability to protect our benefits in the future.
    
    Similarly, although the company has backed off its demand to reduce vacation rates of pay, ArcelorMittal is now insisting on the right to force workers to schedule vacations when it suits management.
    
    USW said “As we have pointed out in previous updates and discussed at membership meetings, the company’s demands would immediately lower the standards of living for our members and retirees. These proposals are clearly designed to undermine our ability to defend what we have earned in future negotiations.”
    
    It added “In order for us to continue to fend off these demands and the company’s relentless and endless attempts to reverse decades of collective bargaining progress, we must continue to stand together.”
    
    Source : Strategic Research Institute
15. voda 18 januari 2016 16:54

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    Tata Steel says any announcement will be made to workforce first
    
    A spokesperson from Tata Steel has told ITV News that any announcement concerning their work will be made "directly to the workforce at the right time".
    
    Tata Spokesperson said “The crisis in the steel industry, and other foundation industries, is an International one and has been going on for a great time. It's a matter that has been a constant concern to the industry and unions, and one we've been engaged with with governments on various levels.”
    
    Their comments come as ITV News understands 1,050 jobs could go with 620 in Port Talbot and 115 in Llanwern.
    
    TATA steel are expected to make an announcement about jobs today.
    
    Source : ITV News
    
16. voda 18 januari 2016 16:54

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    Gerdau India starts supplying steel for leaf springs
    
    Business Line reported that Gerdau, a global supplier of special steels, has recently developed facilities at its Tadipatri plant in Anantapur district of Andhra Pradesh to produce steel for Leaf Springs. The first consignment was supplied to the Leaf Spring manufacturing customer on January 15th.
    
    Mr Sridhar Krishnamoorthy, Managing Director, Gerdau Steel India said in a statement that its goal was to continually broaden the product offering to customers.
    
    Gerdau has more than 45,000 employees and industrial operations in 14 countries with operations in the Americas, Europe and Asia, which together represent an installed capacity of more than 25 million tonnes of steel per year.
    
    Leaf springs are used in the suspension for heavy commercial vehicles such as vans and trucks, SUVs, and railway carriages. The leaf spring acts as a linkage for holding the axle in position and thus separate linkages are not necessary. It makes the construction of the suspension simple and strong.
    
    Source : Business Line
    
17. voda 18 januari 2016 16:55

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    US lifts sanctions on banking, steel, shipping with Iran
    
    Jan 16 The U.S. Treasury Department said it would allow non-Americans to do business with Iran in a wide range of sectors as international sanctions were lifted on Saturday as part of a nuclear deal.
    
    Non-Americans are now allowed to trade with major Iranian government entities and sell goods and services including automobiles, steel, coal, gold and insurance, Treasury said.
    
    Source : Reuters
    
    
18. voda 18 januari 2016 16:56

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    USW and ATI continue bargaining to find a path to settlement agreement
    
    The parties have continued to meet at USW headquarters last week, both with and without the presence of the Mediators, in an attempt to try to find a path to a settlement agreement and an end to the lockout. All the issues that were on the table at the start of the lockout are back on the table and under discussion, including new hire issues, active and retiree health care, scheduling, contracting out, VEBA funding and economics, along with certain local issues that the company refused to address during the summer.
    
    The company has moved on some minor issues, but they continue to argue for some of their more onerous ones. Premiums are still a topic of discussion along with schedules and contracting out. The discussions are further complicated by the announced idling of Midland and the GOES operations.
    
    The union anticipates that soon it will bring the full bargaining committee back to Pittsburgh as part of these discussions. ATI can demonstrate its seriousness about ending the dispute that it caused by putting a meaningful proposal on the table, a proposal that is realistic and returns us back to our jobs with a good agreement and the protections we need.
    
    This company has caused tremendous damage and hardship to our members and communities. While we are encouraged that the discussions have continued this week and we anticipate ongoing and further talks, we will not accept an agreement that is dictated by ATI on their terms. We urge them to finally come to their senses and begin to try to find a way out of the problems they have created with this destructive behavior. The union stands ready, as we always have been, to reach a fair agreement and to get the scabs out of our plants and our members rightfully back on their jobs where they belong.
    
    Source : Strategic Research Institute
19. voda 18 januari 2016 16:57

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    Indian steel firms to report subdued Q3 numbers on weak demand – Reliance Securities
    
    Press Trust of India reported that a Reliance Securities report said that Indian steel companies are set to report subdued numbers in the third quarter due to 5-8 per cent sequential decline in prices on the back of weak demand globally. It said “Domestic steel companies are expected to report subdued numbers in Q3FY16 due to 5-8 per cent sequential decline in steel prices on the back of sharp fall in prices, weak demand and increased pressure from cheap imports largely from China and CIS countries, which resulted in price cuts during the quarter.”
    
    The report said though some respite for non-integrated steel companies is expected from the fall in raw material prices, the quantum of steel price decline will be higher and operating margins are expected to decline.
    
    While the government has implemented a 20 per cent safeguard duty on steel for a period of 200 days in September last year, global prices continued their downward trend during the quarter.
    
    Further, while raw material prices have also corrected, the positive impact of the same comes with a lag. This coupled with weak domestic demand is expected to weigh on the performance of ferrous companies, it said.
    
    Reliance Securities said that the December quarter is once again expected to be a soft one for both ferrous as well as non-ferrous players.
    
    Source : Press Trust of India
    
20. voda 18 januari 2016 16:58

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    UK Government deeply concerned by job reports at Tata Steel
    
    ITV News reported that a spokesperson for the UK Government say they're deeply concerned by reports of potential job losses at Tata Steel in Wales. ITV News understands that the company will announce more than 700 job losses, with 620 in Port Talbot and 115 in Llanwern. While this remains unconfirmed by the company, these reports are deeply concerning and this must be a worrying time for the workforce.
    
    A Department for Business, Innovation & Skills Spokesperson said “The government continues to engage closely with Tata on how we can help during this difficult period. The government has taken clear action to help the industry, through cutting energy costs, taking action on imports, government procurement and EU emissions regulations, meeting key steel industry asks.”
    
    But some in Wales think the UK Government could have done more. Nia Griffith MP, Shadow Secretary of State for Wales, said “The Chancellor promised help for energy intensive industries to mitigate the effects of his carbon tax back in 2011, but only confirmed it a month ago. The UK Government has also been blocking further EU reform which would make it easier to tackle the dumping of Chinese steel. With the current crisis, the UK Government must do everything possible to provide the supportive environment that will enable the UK to compete on a level playing field and secure a future for the UK steel industry.”
    
    Source : ITV News