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Date:2012/04/14
Vancouver, British Columbia-based iron ore exploration company Alderon Resources Corporation has announced that it has signed a definitive subscription agreement with China's largest steel producer, Hebei Iron & Steel Group Co. (Hebei Steel)...
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Date:2012/04/08
According to the latest figures issued by China's Federation of Logistics and Purchasing (CFLP), in March this year the purchasing managers index (PMI) of the Chinese steel industry was up 6.5 percentage points month on month, rising to 49.3 per...
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Date:2012/04/18
China's GDP is forecast to grow 8.6 percent this year if the government eases its monetary policy, the Hongkong and Shanghai Banking Corp Ltd said in a report released on Tuesday.
The government reported 8.1-percent growth in the first qua...
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Date:2012/04/14
Chinese Shagang announced to raise its ex-factory prices of construction steel by RMB50~RMB100/ton for the middle of April.The company raised the ex-factory prices of rebar and high-speed wire by RMB50/ton respectively, increased that of coiled reinf...
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Date:2012/04/08
China's Chongqing Iron and Steel Co Ltd plans to issue new shares in private placements to fund a massive restructuring, including an issue to its parent company to buy steel plants from the group.
The larger Chongqing Iron and Steel group has ...
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Date:2012/04/18
Accordingly, the domestic social steel inventories in Chinese surveyed cities had continued its downward trend in last week with the week-over-week decrease of 0.305 million tons from prior week to 17.45 million tons, indicating that the domestic ste...
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Date:2012/04/12
It’s reported that the many stainless producers in China have continued to reduce the production in April due to weak prices in domestic spot market.It’s known that Tsingshan Group, the largest private stainless steelmaker in China will cut its produ...
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Date:2012/04/05
Reportedly, Chinese Hunan Valin Steel returned to gain, supported by the government’s subsidy.According to the company’s 2011 financial report, its 2011 net profits reached RMB70.136 million, surging significantly by 102.67% from a loss of RMB2.644 b...
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Date:2012/04/18
China Iron and Steel Association (CISA) forecasted a huge loss in Chinese steel sector in the Q1 due to the higher raw material costs and weak demand. According to an official of CISA, this is the first time that the whole Chinese steel sector suffer...
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Date:2012/04/12
Reportedly, Chinese Baosteel announced its May price policy for steel wire on April 11st, 2012.The company decided to keep its list prices of steel wire products unchanged for May, remaining flat for consecutive two months.It’s known that Baosteel re...
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Date:2012/04/05
Reportedly, Chongqing Steel planned to spend RMB 1.925 billion for the relocation of its old steelmaking equipment assets including a 1,350 cubic meters blast furnace, three 80 tons converters, two billet con-casting machines and a high-speed wire ro...
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Date:2012/04/18
Reportedly, Chinese stainless steel mills’ oversupply has been threatening the nearby countries.According to the latest statistics, the capacity utilization rate of the Chinese stainless facilities was only at 61.3%, caused by surged output and weak ...
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Date:2012/04/11
Baosteel Group Xinjiang Bayi Iron & Steel Co Ltd has announced plans to issue RMB 1.75 billion worth of 365-day unsecured bills on the interbank market on Apr. 17, sources reported.
Coupon rate will be determined in the process of book-building....
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Date:2012/04/03
China’s Tianjin Haigang Steel planned to commission its new galvanized strip production line located in the Shuangtang, Tianjin at the end of April of 2012. It’s known that the company mainly produces cold rolled strip, picked strip and galvanized st...
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Date:2012/04/17
Reportedly, Handan Steel, a state-owned iron and steel enterprise has made it public that the company produced a total of 45,179 tons of cold rolled (CR) steel coils and sheets in March, including 36,000 tons for overseas customers. It is said that t...
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Date:2012/04/11
It’s reported that the Chinese steelmakers have increased the export quotes of H section steel to South Korea since April, driven by higher input costs and surged domestic prices.It’s said that Masteel hiked the export quotes of medium-size H section...
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Date:2012/04/03
It’s reported that Chinese steelmaker said that its sales volumes of stainless steel products totaled 1.353 million tons in 2011, up slightly by 0.8% from a year ago.Meanwhile, its stainless steel sales acquired 5.2% of the total sales volumes in 201...
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Date:2012/04/17
It’s reported that Wuhan Iron and Steel Corp. (Wisco) released its price policy for May. The company decided to raise the list prices of hot rolled (HR) steel and medium heavy plates by RMB40/ton and RMB60/ton for May.Meanwhile, Wisco decided to rema...
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Date:2012/04/10
Reportedly, Hebei Steel, one of the major steelmakers in China has started the construction works of its new projects in Caofeidian Logistics ParkIt’s known that the company invested around RMB6.8 billion in Caofeidian Logistics Park, aiming to build...
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Date:2012/04/01
China's Purchasing Managers Index (PMI), a preliminary readout of the country's manufacturing activity, rose for four consecutive months to the highest level since October, indicating the economy is on path of steady growth.
PMI climbed to...