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Date:2012/02/23
According to the data released by MOFCOM on February 21, Chinese domestic steel price decreased by 0.7% 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:2012/02/23
China's Shandong province has decided to cut the number of steelmakers to five or six by 2015, down from 21, according to the steel industry restructuring guidelines released by the provincial government Monday. According to the guidelines, Shan...
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Date:2012/02/22
Accordingly, the domestic social steel inventories in Chinese 26 main cities increased by 0.51 million metric tons vs prior week to 19.00 million metric tons last week, signifying that the domestic steel inventories have surged up for eight straight ...
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Date:2012/02/23
China's second largest seamless steel tube and pipe manufacturer Hengyang Valin Steel Tube Co., a subsidiary of Hunan Province-based Chinese steelmaker Valin Group, has announced that its 444.5 mm 82.5 mm A517 Grade Q tube used in the legs of o...
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Date:2012/02/22
It is reported that China’s Masteel said that it received around 13,200 tons of pre-painted galvanized steel (PPGI) orders in January, more than the peak figures of 11,400 tons recorded in last year.It’s analyzed that the sharply increase was contrib...
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Date:2012/02/21
According to the data released by CISA (China Iron and Steel Association), Chinese registered steelmakers contributed a daily crude steel output of 1.5645 million metric tons in early February, rising by 5.55% from late January. Meanwhile, Chinese av...
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Date:2012/02/23
According to statistics released by the China’s customs, China exported 79,070 tons of stainless flat products in January, decreasing from 94,510 tons in last December, touching 22-month low.It’s analyzed that fewer working days due to Chinese New Ye...
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Date:2012/02/22
Chinese Heibei Steel released the price policy for March delivery on February 21st. The company decided to hike the March list prices of steel flat products by RMB50~RMB120/ton averagely.Among them, the list prices of medium heavy plates increased by...
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Date:2012/02/21
It’s reported that Chinese government announced to impose mining taxes on six mineral commodities including molybdenum, effective from February 1st.Most Chinese molybdenum miners are getting prepared and saying that they are ready to absorb the minin...
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Date:2012/02/22
Chinese stocks opened mixed Wednesday, with the benchmark Shanghai Composite Index down 0.04 percent to open at 2,380.5.
The Shenzhen Component Index opened at 9,709.93, up 0.15 percent.
Source: Xinhua
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Date:2012/02/22
It’s reported that Ansteel announced to raise the March list prices of steel flat products by RMB50~RMB350/ton averagely.Among them, the list prices of hot rolled steel plates and coils increased by RMB110/ton; that of of cold rolled steel plates and...
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Date:2012/02/21
Taiyuan Iron&Steel Group (Tisco) announced that its newly developed forged steel round bars for shipbuilding has been approve by China Classification Society (CCS)’s standard requirements. Thus, all of Tisco’s forged steel round bar products are ...
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Date:2012/02/22
The Chinese currency Renminbi, or the yuan, weakened 28 basis points to 6.2988 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or...
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Date:2012/02/21
The Chinese currency Renminbi, or the yuan, weakened 22 basis points to 6.296 against the U.S. dollar on Tuesday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fa...
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Date:2012/02/21
It’s reported that Chinese Xiangtan Steel announced its price policy for the second half of February.The company decided to cut the ex-work prices of drawing wire rod by RMB200/ton. The latest ex-work prices of BL1 drawing wire rod with diameter of 6...
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Date:2012/02/22
The rising value of new contracts signed by Chinese companies in Africa is aiding the recovery of Chinese offshore construction contractors. Many suffered large losses in the political turbulence that affected North Africa and the Middle East last ye...
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Date:2012/02/21
China will keep its foreign trade policies stable this year as it's facing a severer foreign trade situation, deputy minister of commerce Zhong Shan said Monday.
Zhong said the country will encounter bigger challenges due to uncertainties cloud...
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Date:2012/02/20
Vice-President Xi Jinping reiterated China's support for Europe as it addresses the debt crisis when he arrived in Ireland on Saturday for a three-day visit.
"China will continue to support, in its own way, efforts of the EU, the European...
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Date:2012/02/22
The World Bank said on Tuesday its President Robert Zoellick will visit China from Feb 26 to 28 to help present a major joint report about China's economic opportunities and challenges for the years ahead.
The report, jointly prepared by ...
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Date:2012/02/21
Export tax rebates will be increased this year in response to an export decline triggered by the European debt crisis.
The move, which Commerce Ministry officials said will be implemented when the time is appropriate, will be the first increas...