Evraz Share Discussion Threads

[neilyb675] 05/2/2014 10:27

up 3.7% LIVE

[neilyb675] 05/2/2014 06:45

J.P.Morgan 5th Annual Global Emerging Markets Corporate Conference
24 - 26 February Miami

[neilyb675] 03/2/2014 19:10

Global steel industry set for recovery By Tanya Powley, Manufacturing Correspondent "The global steel industry is expected to make a recovery this year led by a rebound in Europe and the rest of the world, offsetting a slowdown in Chinese growth. World production of steel will rise by 3.6 per cent in 2014, with growth finally returning to Europe after bottoming out last year, according to a Financial Times poll of 15 steel analysts. A 2.4 per cent year-on-year increase in output in Europe, following six years of decline, will partly offset a slowdown in China as the world's biggest steel producer moves from an investment to a services-driven economy. Chinese steel production is expected to rise year-on-year by just 4 per cent, compared with about 6 per cent in 2013, according to top steel analysts. Matthew De Morgan, chief executive officer of Duferco, the world's biggest steel trader, said: "The steel sector will have a better 2014 in terms of volumes and we are past the bottom from this perspective, but the pricing outlook is not spectacular." The research supports forecasts by the World Steel Association that growth rates for Chinese steel consumption will drop below the rest of the world for the first time since 2006. The industry body expects world steel demand excluding China to rise by 3.5 per cent year on year, surpassing growth of 3 per cent in China. Overall global growth last year was 3.1 per cent. John Lichtenstein, global managing director of Accenture's metals industry group, said: "This pattern will probably persist for the indefinite future as China shifts to a services and consumer-driven economic growth model, and growth in the other emerging economies takes stronger hold." The bulk of new steel production capacity growth is instead expected to come from regions such as India, the Gulf, Latin America and former Soviet states over the next few years, according to Brian Levich of Metal Bulletin Research. The pick-up in European output will provide a boost to companies' earnings, particularly Europe-based steelmakers such as ArcelorMittal and ThyssenKrupp, which have been hit by weak demand on the continent in the construction and car industries. In recent months, steel companies have become more optimistic on the outlook. In November, Lakshmi Mittal, chief executive of ArcelorMittal, said it had passed the bottom of its two-year slump, while Tata Steel also noted modest improvements.

"All the indicators are moving in a positive direction; therefore, we are cautiously optimistic about the prospects for 2014," said Mr Mittal, the Indian billionaire. "But top steel analysts warned there remained significant problems in the steel sector that would continue to weigh on profits and prevent a full recovery. Seth Rosenfeld, analyst at Jefferies, said the industry remained "structurally impaired" by significant excess production capacity and low pricing power. "Following years of demand destruction, a key risk for 2014 is that steelmakers may be too aggressive in restarting idled capacity in an effort to capitalise on current strength and take market share," he said. "Should this happen, volumes may pick up but prices will remain depressed." While analysts foresee a strengthening of the recovery in steel output, they are far from predicting a return to the days of rapid global growth seen before the financial crisis. World steel output between 2003 and 2007 rose more than 6 per cent a year for six years in a row, driven by a surge in production and consumption in China. Between 2000 and 2012 the country tripled its share of world steel output from 15 per cent to 46 per cent."

[neilyb675] 03/2/2014 18:05

Exercise by Lanebrook Limited of 33,944,928 Warrants which granted Lanebrook Limited the right to subscribe to 33,944,928 new Ordinary Shares of the Issuer during the Exercise/Conversion Period, from 17 January 2014 until 17 April 2014.

[neilyb675] 03/2/2014 18:04

Roman bought 15 million more.

[hedgehog 100] 12/1/2014 21:01

Please note that I have just started a thread for this sector, which may be of interest to readers:

BASE METALS & INDUSTRIAL MINERALS: Shares & Sector (BASE)


Please feel free to contribute your ideas, info., charts, & discussion.

[wapper] 09/9/2013 12:10

Substantial BUY .

[brucie5] 29/8/2013 09:57

Yup. A bowl if ever I saw one.

[careful] 29/8/2013 09:54

markets may be relieved there was no cash call.
results looked ok.
could make progress from here on if markets behave.
assets crept up a bit as did bet debt.
no damage done in weaker markets.
still priced for worst case

[brucie5] 29/8/2013 09:43

Any comments on these results? Market seems happy..?

[saltaire111] 23/8/2013 18:25

The chart suggests that the results will be better than the market expects.

Salty

[careful] 23/8/2013 13:44

rsults will be interesting.
seeing the share price collapse from over 400p to todays 128p in 18months is dramatic.

net assets of £3.51bn against a cap of £1.9bn.
turnover £9.3bn.

maybe gearing is a bit high but this could/should double if things are ok on the 29th.
i will tune into webcast to listen.

[brucie5] 23/8/2013 13:29

Good to see this top of the leader boards this am, though large questions remain presumably about what results will reveal shortly. In the meantime, benefiting from sectoral revival, and oversold share price ?

[careful] 12/8/2013 11:35

this type of stock rises very quickly when sentiment changes.
i presume someone on the inside knows something about results or corporate activity.

[hvs] 09/8/2013 16:24

Wait for the results.

It will NOT be NICE

As always the CITY and its HEDGEIES STINK.