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Date:2012/02/09
More cash-rich Chinese manufacturers will surge into debt-stricken European nations as the spreading economic and financial crisis creates buying opportunities, said officials from the Ministry of Commerce.
"Chinese companies see attractive op...
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Date:2012/02/08
Overseas Chinese companies have in recent months gained more attention across the country as an increasing number of staff security issues make media headlines.
Senior management from some leading Chinese overseas companies believe the companies sho...
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Date:2012/02/14
Scheduled to be completed by late 2011, China's Henan Jiyuan Iron & Steel has ordered a wire rod outlet from Siemens VAI Metals Technologies for its first imported rod mill that will produce higher quality steel grade products.It is said tha...
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Date:2012/02/09
Chinese companies should intensify their drive to invest in Canada, especially in the energy sector, as there are tremendous opportunities, an official from the Ministry of Commerce said.
"We could anticipate the growth (of China's ...
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Date:2012/02/08
Small and medium-sized enterprises are unlikely to close on a large scale this year, and they will receive 3 billion yuan ($475.6 million) annually in central government support for the next five years, said the Ministry of Industry and Information T...
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Date:2012/02/14
Inner Mongolia Autonomous Region-based Chinese steelmaker Baotou Iron and Steel (Baogang Group) has announced that in 2011 it increased its focus on sales of wide and heavy steel plates, adjusting its product structure in line with market requirement...
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Date:2012/02/09
An association in China's major rare earth reserve region on Wednesday denied Japanese media reports claiming that it has agreed to cooperate on mineral business with its Okinawa counterpart.
Reports of a signed agreement of cooperation in the ...
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Date:2012/02/08
Accordingly, the domestic social steel inventories in Chinese 26 main cities increased by 1.536 million metric tons vs prior week to 17.371 million metric tons last week, signifying that the domestic steel inventories have surged up for six straight ...
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Date:2012/02/13
According to Chongqing Steel, their crude steel production in January hit 418,715 tonnes up 38.1% compared to 303,187 tonnes seen in the same period of last year and up 0.88% compared to 415,037 tonnes of last December.
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Date:2012/02/09
According to the data released by CISA (China Iron and Steel Association), Chinese registered steelmakers contributed a daily crude steel output of 1.495 million metric tons in late January, rising by 1.35% from middle January. Meanwhile, Chinese ave...
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Date:2012/02/08
Sichuan Province-based Chinese steel producer Panzhihua Gangcheng Group has announced that in January this year its total iron ore pellet output reached 117,600 mt, with an average daily output of over 4,000 mt, exceeding the company's targeted ...
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Date:2012/02/13
China, the world's largest iron ore importer and steel maker, saw its iron ore import fell 13.9% YoY to 59.32 million tonnes in January last year.
According to latest statistics released by the General Administration of Customs, the iron ore imp...
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Date:2012/02/09
National Development and Reform Committee (NDRC) issued the approval for collaborated steelmaking between Chinese Chongqing Steel and South Korean Posco as the initiation of plan construction which will be start in this June.This joint venture projec...
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Date:2012/02/08
Chinese steelmaker Chongqing Iron and Steel Group (Chongqing Steel) has announced that its planned joint venture steelmaking project with South Korean steel giant Pohang Iron and Steel Co. (POSCO) has been approved by China's National Developmen...
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Date:2012/02/10
In order to become a more open city, Chongqing is seeking to transform its Liangjiang New Area into a free trade zone, said a director of Chongqing Bonded Port Development Co Ltd at a recent meeting, the 21st Century Business Herald reported. Once es...
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Date:2012/02/09
It’s reported that Chinese steel mills are unwilling to cut prices further to gain orders and some even said that they will delay the delivery to the end of March.It’s known that Chinese steel mills have hiked the quotes of steel plates by US$10~US$1...
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Date:2012/02/08
Anhui Province-based Chinese steelmaker Maanshan Iron and Steel Co. (Masteel) has announced that in 2011 its sales of steel wheels and related parts totaled 200,000 mt, reaching a value of RMB 1.8 billion ($285 million). The company also stated that ...
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Date:2012/02/10
More than 80 percent of employers in China have planned to increase employees' salaries by more than 6 percent year-on-year in 2012, according to a survey conducted by Hays PLC released on Thursday.
The UK-based recruiting consulting company sai...
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Date:2012/02/08
The Chinese currency Renminbi, or the yuan, gained 89 basis points to 6.3027 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 f...
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Date:2012/02/08
Henan Province-based Chinese steel company Hanyang Hanye Special Steel Co., the largest wholly-owned subsidiary of Henan Longcheng Group, has announced that it has completed the delivery to China First Heavy Industries (CFHI) of 300 mt of 12Cr2Mo1R h...