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Date:2012/07/01
Reportedly, Chinese steel giant Baosteel announced to remain the tinplate list prices unchanged for August.In fact, the market participants expected Baosteel to cut tinplate prices for August as the firm reduced its July list prices for most steel pr...
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Date:2012/07/04
Imported iron ore prices dipped in the week ending July 2 due to continued waning demand and overall economic woes, according to the Xinhua-China Iron Ore Price Index released Tuesday.
The price index for 63.5-percent-purity iron ore imports fell one...
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Date:2012/06/28
According to media report, steel trading companies in Shanghai, China are facing severe challenges in financing. It is said that the inventory has increased and the banks implement tight credit control in the wake of the incidents in Jiangsu and Zhej...
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Date:2012/06/28
According to data released by the National Development and Research Commission, China’s crude steel output totaled 296.26 million tons in the first five months of this year, increasing by 2.2%year on year.In May alone, the country’s crude steel produ...
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Date:2012/06/27
Recently, China’s export quotes of shipbuilding plates have dropped further.It’s said that a Chinese steelmaker offered shipbuilding plates quoted at US$660/ton CFR to South Korea, decreasing by US$10~US$15/ton.It’s analyzed that the price dip was ca...
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Date:2012/06/27
It’s reported that the Chinese steelmakers may cut output in the next two months as prices have dropped. The outputted steel is expected to reduce by 12% till the end of August. Since May 23, the prices of hot-rolled steel coil has dropped 1.2%, whil...
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Date:2012/06/26
It is reported that the stainless steel producers in China and Taiwan have reduced the output in June.Yieh United Steel Corp. (Yusco) and Tang Eng in Taiwan are estimated to cut the output by 50% while Baosteel in China is estimated to cut the output...
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Date:2012/06/19
Reportedly, China may open its energy sector to private investors in the fields of oil and gas exploration, coal gas pipelines and power grids.Private investors may be allowed to participate in the oil and gas exploration including the oil and gas pi...
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Date:2012/06/26
Recently, China’s export quotes of H beams to South Korea have dropped further. At present, the quotes of small-size H beams offered by Chinese steelmakers to South Korea are at US$600~US$610/ton CFR and that of medium-size H beams is at US$700~US$71...
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Date:2012/06/12
It’s reported that China’s medium heavy plate export prices have dropped due to weak demand from overseas markets.It’s known that the export prices of commercial grade boron added medium heavy plates have decreased to US$600/ton FOB currently from US...
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Date:2012/06/18
It’s reported that the judges at World Trade Organization said in a ruling that China is unable to prove that imports of the US-made grain oriented flat rolled electrical steel manufactured by AK Steel and others had caused injury to Chinese steel ma...
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Date:2012/06/11
According to statistics released by China Iron & Steel Association (CISA), the daily crude steel output of the major steel mills in China was 1.612 million tons in the last 10 days of May, falling by 4.7% from the previous 10 days.Therefore, CISA...
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Date:2012/06/25
It is reported that China and Brazil have agreed to sign the new trade agreement which will allow two countries became the global strategic partnership for future business relationship. The trade agreement would encourage two countries to invest and ...
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Date:2012/06/18
It is reported that Hongkong-Zhuhai-Macao Bridge manufacturer has confirmed to order 14,391 tons wide heavy plate from Wuyang Steel belonging to China's largest steel group HBIS with up to date totaling 26,900 tons from Wuyang Steel. The in-cons...
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Date:2012/06/11
According to report of China Iron & Steel Association (CISA), the average prices of steel products decreased by more than RMB100/ton in the Chinese domestic market in May.Therefore, it’s forecasted that the Chinese steelmakers might face loss in ...
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Date:2012/06/25
The oversupply of steel products has hit the Chinese steelmakers’ profit margins and has caused the imported iron ore pile up at the main ports in China, according to report of the China Iron and Steel Association (CISA).As a result, the Chinese stee...
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Date:2012/06/16
Chinese steel giant Wuhan Iron and Steel Corp. (Wisco) released to cut its list prices for July.The company decided to cut the list prices of hot rolled (HR) steel products by RMB150t/ton and to decrease the list prices of cold rolled (CR) steel prod...
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Date:2012/06/09
According to Hebei Province-based Chinese steel producer Jinxi Iron and Steel Group, the push-pull pickling production line of its subsidiary Foshan Jinxi Jinlan Cold Rolled Sheet Co. has been commissioned. The push-pull pickling production line...
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Date:2012/06/23
According to statistics, the stainless steel stock totaled 187,804 tons in the Chinese Wuxi market in the first ten days of June, falling by 2.32% from the previous ten days.Among them, 113,582 tons were cold rolled (CR) stainless steel products, dec...
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Date:2012/06/16
It’s reported that the Chinese steel giant Baosteel released its list prices for steel wire products for July on June 13rd, 2012.The company decided to cut the list prices of most steel wire products by RMB100~RMB250/ton averagely for July.The new pr...