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Date:2012/03/29
Chinese companies are moving to take over more and more European companies, according to research by Ernst & Young Global Ltd released on Wednesday.
Ernst & Young reported that Japan and China led the pack in making investments in Europe in t...
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Date:2012/03/28
It is reported that Fortescue Metals Group the third largest Australian iron ore producer signed a contract with China Beijing International Mining Exchange to become the first overseas member of China iron ore spot trading platform. The iron ore spo...
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Date:2012/03/29
Xinjiang Uygur autonomous region, in Northwest China, is planning to increase trade with Kazakhstan by 18 percent this year, a senior official said Wednesday.
"As the economic relations between Kazakhstan and Xinjiang improve, the sales turnover wil...
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Date:2012/03/27
Recently, the Chinese steelmakers have sought to raise the export quotes of hot rolled coil (HRC) to reach US$645~US$650/ton FOB to Southeast Asia, up by US$5~US$10/ton from the quotes in early March.In fact, the steelmakers have faced difficulties t...
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Date:2012/03/27
According to statistics, the inventory of stainless steel in Chinese Wuxi market in mid-March totaled 212,030 tons, decreasing by 4.6% from a half month earlier.Among them, 130,571 tons were cold rolled stainless steel products, down by 2.97% and 81,...
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Date:2012/03/26
The Chinese currency Renminbi, or the yuan, gained 33 basis points to 6.2858 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading System.
It was a record high since the country started reforming its exchange rate format...
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Date:2012/03/21
China's most recent fuel price hike has triggered a fresh wave of inflation concerns among a cost-sensitive public that has seen soaring prices nip away at their incomes and drive up living costs.
To reflect price changes on the internati...
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Date:2012/03/26
According to the data released by NBS (National Bureau of Statistics), in January-February of this year, Chinese overall coke output reached 68.932 million tons, surging by 3.3% from prior year. Meanwhile, in February alone, the domestic coke product...
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Date:2012/03/20
China raised fuel prices for the second time this year, hiking gasoline and diesel by 6.5 percent to 7 percent effective on Tuesday, amid rising world crude oil prices and falling domestic inflation.
Prices went up by 600 yuan ($94.90) a metric...
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Date:2012/03/21
The United States said Tuesday it would maintain the existing anti-dumping duty on silicon metal from China, despite Beijing's repeated calls for Washington to drop protectionism.
The US International Trade Commission (ITC) said in a statement t...
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Date:2012/03/26
At an international symposium held in Shanghai on March 22, Zhang Changfu, vice chairman of the China Iron and Steel Association (CISA), stated that a new import iron ore pricing system should be formulated to create a win-win situation for both the ...
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Date:2012/03/20
Latin America and the Caribbean (LAC) has strong interest in using the Chinese renminbi as currency of settlement in bilateral trade, a senior Inter-American Development Bank (IADB) adviser said in Montevideo on Sunday.
As the LAC has been try...
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Date:2012/03/21
Australian iron ore miners, key beneficiaries of China's modern-day industrial revolution, on Tuesday signaled demand growth was finally slowing in response to Beijing's moves to cool its economy.
It was the strongest indication yet from an...
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Date:2012/03/26
Reportedly, China’s top steelmaker Baosteel had decided to sell its relevant assets of stainless steel and special steel division, with a purpose to optimize the assets structure of the big steelmaker.According to the report, the transaction price is...
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Date:2012/03/20
Chinese stocks opened lower on Tuesday, with the benchmark Shanghai Composite Index down 0.11 percent to open at 2,407.54.
The Shenzhen Component Index inched down 0.40 percent to open at 10,255.25.
Source: Xinhua
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Date:2012/03/21
The Chinese currency Renminbi, or the yuan, lost 63 basis points to 6.3092 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.
The yuan hit 6.2919 against the U.S. dollar on Feb. 29, a record high since...
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Date:2012/03/24
Hangzhou-based Chinese steelmaker Hangzhou Iron and Steel Co registered a net profit of CNY 300 million in 2011 down by 13.88%YoY. Earnings per share for the given year amounted to CNY 0.36.In 2011, the operating revenue of Hangzhou Steel totaled CNY...
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Date:2012/03/20
According to the data released by CISA (China Iron and Steel Association), Chinese registered steelmakers have contributed a daily crude steel output of 1.5858 million metric tons in early March of this year, rising by 2.49% from late February. Meanw...
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Date:2012/03/21
Chinese stocks opened higher on Wednesday, with the benchmark Shanghai Composite Index up 0.33 percent to open at 2,384.71.
The Shenzhen Component Index gained 0.35 percent to open at 10,152.30.
Source: Xinhua
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Date:2012/03/24
Chinese Shangang announced to raise the ex-factory prices of construction steel by RMB30~RMB100/ton averagely for the second half of March.The company decided to hike the ex-factory prices of rebar by RMB30ton and to increase the ex-factory prices of...