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Date:2012/03/05
Jiangsu Province based Chinese steelmaker Wujin Stainless Steel Pipe Co has announced that it has been certified as an official supplier to South Africa headquartered global petrochemical group Sasol.This follows similar certification received by Wuj...
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Date:2012/03/01
According to the data released by MOFCOM on February 29, Chinese domestic steel price increased by 0.4% last week as compared to prior week. In detail, the price for rebar with diameter of 12 mm and high speed wire rod with diameter of 6.5 mm had inc...
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Date:2012/02/28
According to major Chinese steel producer Hebei Iron and Steel Group, the steelmaking plant No. 3 of its subsidiary Handan Iron and Steel Group (Hansteel) has successfully produced SPHE-R hot rolled (HR) steel sheet, with all indicators meeting the r...
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Date:2012/03/05
China's annual coke demand is estimated to reach around 440 million-450 million mt in 2012, up about 3% year on year, a release out Thursday from the China Coking Industry Association said. The estimate has been based on the forecast that China&...
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Date:2012/03/01
According to Beijing-based Chinese steelmaker Shougang Group, after its underground Xingshan iron ore mine was put into production at the end of July last year its daily iron ore output exceeded 10,000 mt, whereas its designed annual output capacitie...
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Date:2012/02/27
Arnoud Willems, a partner at US law firm Sidley Austin LLP, is filled with excitement these days after successfully helping Chinese shoemakers win an anti-dumping case. His clients will be compensated with millions of dollars in tax refunds.&nb...
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Date:2012/03/03
Iron ore prices will trend lower this year with slight fluctuations, and the import price may fall below USD 110 a tonne as the domestic market continues to contract. Mr Wang Xiaoqi vice chairman of the China Iron and Steel Association told a trade c...
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Date:2012/03/01
Steel production will increase by 7 percent this year to reach 730 million tons, according to a report by the Ministry of Industry and Information Technology (MIIT) Wednesday.
Apparent consumption of crude steel will total 690 million tons in 2012, w...
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Date:2012/02/27
China will maintain its existing business tax incentives and gradually digest changes caused by value added tax (VAT) reform, senior tax officials said on Friday.
The current reduction in the sales tax will continue after the levy is replaced by the...
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Date:2012/03/03
China's steel demand will continue to subside this year due to a possible domestic slowdown and faltering global economic recovery. China's crude steel consumption may hit 690 million tonnes this year, while its output is expected to rise b...
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Date:2012/03/01
Jiangyin Xingcheng Special Steel Co.,Ltd recently initiated its new alloy materials project, with total investment of US$ 200 million. It is reported Hong Kong CITIC Pacific Ltd invested US$ 200 million on this project with registered capital of US$ ...
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Date:2012/02/27
China will continue to face a tight power supply this year due to increasing demand and stagnant growth in new power plants, according to an electrical power industry association.
The nation will face a possible shortfall of 30-40 million kilowatts ...
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Date:2012/03/01
A World Bank report that urged China to speed up reform in State-owned enterprises (SOEs) has met with mixed responses from Chinese experts.
In a report published on Monday, the Washington-based lender suggested further reform of Chinese...
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Date:2012/02/29
It’s reported that Chinese Baosteel decided to raise its domestic prices of 304 grade hot rolled stainless steel products by RMB400/ton for March deliveries due to tight supply.It’s known that the company remained the domestic prices of austenitic co...
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Date:2012/02/27
The Chinese currency Renminbi, or the yuan, weakened against the U.S. dollar Monday.
The central parity rate of the yuan weakened by 20 basis points to stand at 6.2985 against the U.S. dollar on Monday, according to the China Foreign Exchange Tradin...
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Date:2012/03/01
China will be alert to threats posed by the trade task force in the United States to investigate and crack down on what it claims are unfair practices by Washington's trading partners, officials from the Ministry of Commerce warned on Wednesday....
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Date:2012/02/29
Reportedly, Tangshan Ruifeng Steel announced the domestic price policy for steel strip on February 28th, 2012.The company decided to hike the ex-factory prices of Q195 hot rolled (HR) strip in dimension of 2.5mm x 145mm ~204mm by RMB40/ton to RMB4,03...
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Date:2012/02/27
Chinese stocks opened higher Monday, with the benchmark Shanghai Composite Index up 0.32 percent, or 7.78 points, to open at 2,447.41.
The Shenzhen Component Index opened at 10,157.18, up 0.33 percent, or 33.03 points.
Source: Xinhua
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Date:2012/03/01
China's manufacturing activities bounced back to a five-month peak in February, supported by quickened production, indicating a stable expansion of the whole economy along with the global business upswing.
The Purchasing Managers Index (PMI), a...
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Date:2012/02/29
Shandong Taishan Steel adjusted stainless steel ex-works price for March 2012 of which the price of 3.0mm to 6.0mm * 1520mm 304 HR stainless steel was stabilized at CNY 20,000 per tonne.All prices above cover 17% VAT and to be valid from March 1 2012