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Date:2012/02/27
According to Liu Zhenjiang, an official from CISA, in order to cope with Chinese iron ore import problems, China iron ore association will carry out four measures to curb the domestic iron ore market.
Firstly, in order to cultivate a healthy iron ore...
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Date:2012/02/27
Taiyuan Steel post a production of 5.61 million tonnes in its iron ore concentrate production in 2011 up 100,000 tonnes as compared to 2010.For 2012 Taiyuan Steel set production target this year at 5.9 million tonnes. In addition with the commissioni...
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Date:2012/02/27
Heilongjiang Province based Chinese steel company Jianlong Iron and Steel Group has announced that in 2011 its main business revenue reached CNY 72.1 billion up 41% YoY while it produced 12.36 million tonnes of crude steel, 23% more than in the previ...
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Date:2012/02/27
China's Ministry of Land and Resources has announced figures for new proven reserves of coal and iron ore discovered in China in 2011.Accordingly, newly discovered large and medium size coal and iron ore deposits in China in 2011 amounted to 47 ...
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Date:2012/02/26
Reportedly, East China based steelmaker Shandong Steel has started its restructuring schedule for Rizhao Steel. The project is expected to be completed by 2013.After restructuring, Rizhao Steel’s annual capacity should reach 8.5 million tons. And the...
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Date:2012/02/24
According to Xinhua-China iron ore price index recently, the domestic imported iron ore stockpiles in Chinese 25 main ports reached 99.50 million metric tons on February 20, dropping by 0.47 million metric tons compared to previous week. At the same ...
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Date:2012/02/26
According to the report, the director of general of industry body Eurofer said China’s steel output will keep rise over the next five years.Currently, China produced around 150~200 million tons of overcapacity of steel from total of 750 million tons ...
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Date:2012/02/23
At a time that the European Union has begun an anti-subsidy investigation into China's exports of steel products, Chinese companies are contending with an oversupply of such products in their domestic market, said analysts.
They sai...
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Date:2012/02/26
According to Shanghai based Chinese steel giant Baosteel Group, the hot rolling mill of Baosteel Special Steel Business Unit has overcome technical difficulties and successfully produced ultra-thin and ultra-wide stainless steel hot rolled plate with...
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Date:2012/02/23
China plans to play a dominant role in establishing a huge shopping center in Cancun, Mexico, to promote bilateral trade between the two countries, industry sources said on Wednesday.
Investment in the project, to be called "Cancun Dragon Mart", is e...
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Date:2012/02/24
Thirty-one provinces have announced their GDP growth targets for 2012 and only Hainan province set a higher growth rate than last year, the Beijing News reported on Thursday.
Some provinces set the target much lower than 2011. For example, the ...
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Date:2012/02/23
China's industrial activity rebounded to a four-month high in February but is still contracting amidst the ongoing eurozone debt crisis, according to preliminary data.
In response, experts said they expect China to adopt further eas...
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Date:2012/02/24
China recorded $3.1 billion of "hot money" outflow in 2011 after adjusted by $40 billion of cross-border net payment, the State Administration of Foreign Exchange (SAFE) said on Thursday.
The outflow of speculative funds, or "hot money," from China ...
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Date:2012/02/23
Visiting Chinese Vice President Xi Jinping called here on Wednesday for more efforts in boosting trade and economic cooperation between China and Turkey.
Xi made the call when addressing a Sino-Turkish business forum in Istanbul. This is the final m...
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Date:2012/02/24
China plans to accelerate geological exploration and survey work for oil and natural gas to ease its rising reliance on energy imports, the Ministry of Land and Resources said on Thursday.
The ministry is drawing up strategies to achieve breakt...
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Date:2012/02/23
China will continue to implement a proactive fiscal policy this year amid complicated economic environments both at home and abroad, Minister of Finance Xie Xuren said Wednesday.
In an article published on the ministry's website, Xie emphasized...
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Date:2012/02/24
China will develop rare-earth-based new materials during the 2011-2015 period, in an effort to boost manufacturing capacity, according to a five-year plan for the new materials industry released on Wednesday.
The government will "make full use of it...
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Date:2012/02/23
Chinese stocks opened lower Thursday, with the benchmark Shanghai Composite Index down 0.08 percent to open at 2,401.74.
The Shenzhen Component Index opened at 9,859.43, down 0.03 percent.
Source: Xinhua
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Date:2012/02/24
The Chinese currency Renminbi, or the yuan, strengthened 66 basis points to 6.2965 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 ...
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Date:2012/02/23
The Chinese currency Renminbi, or the yuan, weakened 0.43 basis points to 6.3031 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 o...