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Date:2012/05/11
The Chinese currency Renminbi, or the yuan, lost 11 basis points to 6.2952 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fall b...
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Date:2012/05/19
Reportedly, a Chinese steel producer Xugang Iron and Steel Group in Xuzhou City, Jiangsu Province announced that it planned to construct steelmaking facilities with a blast furnace of over 4,000 cubic meter capacity, including converters, a rolling l...
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Date:2012/05/14
Reportedly, during the second meeting of China and Pakistan Joint Energy Working Group, Pakistan and China are working even closely to ink two agreements for building up two wind power projects in the private sector to be located in Sindh, Pakistan. ...
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Date:2012/05/11
According to the data released by MOFCOM, Chinese domestic steel price decreased by 0.2% in the week ended on May 6 from prior week. In detail, the price for medium plate with thickness of 100 mm, cold rolled steel sheet with thickness of 1 mm and hi...
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Date:2012/05/19
It is reported that the State Council of China decided to allocate subsidies of RMB 26.5 billion to encourage the use of energy-saving household appliances and products including air conditioners, flat-screen televisions, refrigerators, washing machi...
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Date:2012/05/13
Recently, some Chinese steelmakers have started the export price negotiation for hot rolled coil (HRC) with South Korea for June deliveryIt’s said that the Chinese steelmakers may hike the HRC export prices slightly for June deliveries.In South Korea...
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Date:2012/05/10
The Chinese currency Renminbi, or the yuan, lost 76 basis points to 6.2941 against the U.S. dollar on Thursday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fall...
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Date:2012/05/17
The State Council of China has decided to allocate RMB 26.5 billion ($4.19 billion) in subsidies to promote the use of energy-saving household appliances and products, including air conditioners, flat-screen televisions, refrigerators, washing machin...
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Date:2012/05/13
According to data released by China customs, China exported 4.67 million tons of finished steel in April, decreasing by 6.8% from the 21-month highs in March and falling by 2.3% year on year.However, the country’s crude steel output in April hit a ne...
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Date:2012/05/10
Chinese stocks opened mixed on Thursday, with the benchmark Shanghai Composite Index up 0.06 percent to open at 2,409.95.
The Shenzhen Component Index opened at 10,287.76, down 0.07 percent.
Source: Xinhua
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Date:2012/05/17
Currently, the spot iron ore prices have stabilized after the sharp dip. At present, the spot prices of Indian iron ore fines contain 63.5% Fe remained stable at US$140~US$142/ton C&F.It’s known that the spot iron prices have decreased by US$8~US...
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Date:2012/05/11
China's crude oil imports in April rose 3.3 percent year-on-year to 22.26 million tons, the lowest so far this year, according to data released on Thursday by the General Administration of Customs.
That's compared with 8.7 percent in ...
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Date:2012/05/10
Wuhan Iron and Steel Corp. (Wisco), a Chinese leading steel producer has initially developed and released 300 ton of new SAPH370-P hot rolled pickled sheet.The new product with thin gauge in thickness less than 1.8mm is mainly to replace the existing...
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Date:2012/05/16
The China Iron and Steel Association (CISA) has issued the shipbuilding plate output data for the top Chinese producers in the first quarter this year. Sichuan Province-based Chongqing Iron and Steel Group Company (CISC) ranked first in terms of...
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Date:2012/05/11
China's exports and imports rose less than estimated in April as weakness in Europe and a domestic slowdown weighed on trade, adding pressure on the government to ease policies to spur expansion.
Overseas shipments rose 4.9 percent from a ...
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Date:2012/05/10
Reportedly, Chinese Baosteel announced its price policy for June delivery on May 9th, 2012.The company decided to remain the ex-factory prices of most of its product such as hot rolled steel, pickled steel, cold rolled steel, hot dipped galvanized st...
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Date:2012/05/16
According to statistics, the inventory of stainless steel in Chinese Wuxi market totaled 199,454 tons in the first 10 days of May, falling by 4.17% from 10 days ago.Among them, 117,794 tons were cold rolled stainless steel, down by 5.22%; 81,660 tons...
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Date:2012/05/11
China's Producer Price Index (PPI), a main gauge of inflation at the wholesale level, fell 0.7 percent in April from a year earlier, the National Bureau of Statistics (NBS) said Friday.
The data marked another month of year-on-year declin...
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Date:2012/05/10
According to Xinhua-China iron ore price index, the domestic imported iron ore stockpiles in Chinese 25 main ports reached 97.76 million metric tons on May 7, increasing by 0.65 million metric tons compared to previous week. At the same time, the pri...
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Date:2012/05/15
Reportedly, Chinese Baosteel announced to keep its list prices of steel wire unchanged for June.Earlier, the company released to cut its list prices of steel flat products for June. It decided to decline the list prices of cold rolled steel productio...