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Date:2012/04/16
It’s reported that Xinxing Jihua Group, Chinese state-owned ferrous metal smelting company announced that its total operating revenue in the first quarter of current year reached RMB47.97 billion, surging by 42.75% in comparison of that in the same p...
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Date:2012/04/10
The Chinese steelmaker Masteel based in Anhui Province announced that it has won a contract from PetroChina Company Limited (PetroChina) to supply 100,000 tons of X80 pipeline steel for part of the third line of China's west-east natural gas tra...
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Date:2012/04/01
China's central bank said Saturday it will ensure a reasonable level of social financing, a measure of funds raised by entities in the real economy, as it maintains a prudent monetary policy this year.
The People's Bank of China said it wi...
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Date:2012/04/09
Reuters quoted traders said Chinese steel mills are unlikely to snap up iron ore cargoes in the spot market when China returns on Thursday after a three-day break with a blurry demand outlook capping steel prices. The physical market for the steel ra...
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Date:2012/04/01
Accordingly, the domestic social steel inventories in Chinese surveyed cities have continued its downward trend in this week with the week-over-week decrease of 1.56% from prior week to 17.8877 million tons, indicating that the domestic steel invento...
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Date:2012/04/01
China's foreign exchange regulator on Saturday raised its 2011 fourth-quarter current account surplus to $60.5 billion from the preliminary figure of $59.8 billion.
The State Administration of Foreign Exchange (SAFE) also revised the full-year ...
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Date:2012/03/31
Mr Hu Mingyang, adviser of the Special Steel Enterprises Association, said on March 25th 2012 at a molybdenum conference that China's stainless steel production capacity would reach 26 million tonnes per year by 2015, supporting the development ...
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Date:2012/03/29
The Chinese currency Renminbi, or the yuan, weakened to 6.293 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 by 0.5 perce...
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Date:2012/03/31
It is reported that a group based in Washington DC, that represents manufacturers and steel workers, unveiled two billboards in Oakland that criticize the use of steel from China for parts of the new eastern span of the Bay Bridge.Mr Scott Paul, the ...
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Date:2012/03/29
According to the data released by MOFCOM on March 27, Chinese domestic steel price increased by 0.3% last week as compared to prior week. In detail, the price for medium plate with thickness of 10mm, hot rolled sheet with thickness of 3mm and welded ...
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Date:2012/03/30
Chinese stocks opened slightly higher on Friday, with the benchmark Shanghai Composite Index up 0.17 percent to open at 2,256.04.
The Shenzhen Component Index edged up 0.09 percent to open at 9,426.64.
Source: Xinhua
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Date:2012/03/29
Reportedly, the Chinese government is leaning to keep providing tax rebates to producers and exporters of semi-finished aluminum products in 2012, aiming to help to promote the exports in overseas markets.It’s known that the Chinese exporters of semi...
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Date:2012/03/30
According to the data released by CISA (China Iron and Steel Association), Chinese registered steelmakers have contributed a daily crude steel output of 1.622 million metric tons in middle March of this year, rising by 3.2% from early March. Meanwhil...
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Date:2012/03/29
According to report of China Iron and Steel Association (CISA), the medium-large -size steel enterprises in China realized margin losses of RMB548 million in this February, slumping by 106.62% from that in the same period of a year earlier.In the fir...
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Date:2012/03/30
Chinese steel producer Wuyang Iron and Steel Co a subsidiary of Chinese steel group Hebei Steel Corporation has won the bidding to supply wide steel plate products to the Lufeng 7-2 oilfield project.The project, owned by China National Offshore Oil C...
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Date:2012/03/28
Chinese stocks opened lower on Wednesday, with the benchmark Shanghai Composite Index down 0.26 percent to open at 2,341.
The Shenzhen Component Index slid 0.42 percent to open at 9,800.29.
Source: Xinhua
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Date:2012/03/30
It’s reported that Chinese Ansteel singed a joint venture agreement with the International Society of Steel Institutes (ISSI) for ferric oxide powder project.Under the agreement, Ansteel Industry Group Ltd, the subsidiary of Ansteel will hold shares ...
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Date:2012/03/28
According to Xinhua-China iron ore price index, the domestic imported iron ore stockpiles in Chinese 25 main ports reached 97.72 million metric tons on March 26, decreasing by 0.58 million metric tons compared to previous week. At the same time, the ...
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Date:2012/03/29
The US-China Business Council (USCBC) announced Wednesday US exports to China reached $103.9 billion in 2011, the first time it had passed the 100-billion-dollar mark.
China remained America's third-largest export market. As a buyer of US goods...
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Date:2012/03/28
It is reported that Xinjiang Uyghur autonomous region-based Chinese steelmaker Bayi Iron and Steel Co a subsidiary of major Chinese steel group Baosteel has revised its financial figures for 2011.Accordingly, its net profit for 2011 has been revised ...