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Date:2012/01/11
More government support is to be given to small and medium-sized enterprises (SMEs) in Southeast China's Suzhou city of Jiangsu province as the businesses are set to to face increasing difficulties this year.
The measures will include tax exemp...
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Date:2012/01/09
It is reported that the recombination of Jinan Steel, Laiwu Steel and Shandong Steel Group gets ratification. Convertible share of Laiwu Steel and Jinan Steel is adjusted to 1:2.41 while the latest share is 1:2.07.Jinan Steel issues an adjusted repor...
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Date:2012/01/05
Hebei Province-based Chinese steel giant Hebei Steel Group has announced that it plans to acquire stakes in seven local privately-owned steel enterprises.Accordingly, Hebei Steel will acquire 10% stakes in each of the steel companies, which will avai...
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Date:2012/01/11
China will set up an integrated system to control national energy use during the 12th Five-Year-Plan (2011-2015), a senior official said on Tuesday.
There has been some progress at the provincial level, and the central government will focus mo...
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Date:2012/01/09
Reportedly, Tangshan Ruifeng Steel announced the domestic price policy for steel strip on January 8th, 2012.The company decided to cut the ex-factory prices of Q195 hot rolled (HR) strip in dimension of 2.5mm x 145mm ~204mm by RMB20/ton to RMB3,910/t...
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Date:2012/01/04
Reportedly, Tangshan Ruifeng Steel announced the domestic prices for steel strip on December 31st. 2011.The company decided to cut the ex-factory prices of Q195 hot rolled (HR) strip in dimension of 2.5mm x 145mm ~204mm by RMB20/ton to RMB3,990/ton.M...
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Date:2012/01/10
Most Chinese businesses will face the toughest time this year since 2000, according to a research unit affiliated with the State Council, or cabinet.
Global demand is expected to keep declining, adding to the woes of many manufacturers t...
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Date:2012/01/08
China's steel industry may rebound faster than in other regions, which will be positive for iron ore and coal because of the nation's dependence on imports, according to Credit Suisse Group AG. The global steel market was in a "very weak st...
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Date:2012/01/04
Shenhua Shendong Coal Group's output of commercial coal reached 202 million tons last year, up 9.28 million tons year-on-year, while its output of raw coal reached 219 million tons, up 11.16 million tons, which have both hit a record high in Chi...
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Date:2012/01/10
Chinese Premier Wen Jiabao has urged the nation's financial sector to do more to support entrepreneurs and industry and strengthen its capability in supporting the real economy.
The real economy is defined as production activity in sectors such...
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Date:2012/01/08
Shagang Group has made a good performance in 2011, with sales revenue of CNY207.5 billion. Shagang has developed more than 180 high-end new products, realizing sales revenue of more than CNY50 billion. Shagang's quality wire rod and wide& he...
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Date:2012/01/04
As announced by Gao Fang, vice director of the Shandong Provincial Economic and Information Commission, in 2012 China's Shandong Province plans to launch mergers and acquisitions within the steel industry and other industries. However, Mr. Gao s...
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Date:2012/01/10
China is likely to face a trade deficit in 2012, partly driven by the deteriorating eurozone crisis and a possible debt default by Greece, economists warned on Monday.
Stephane Deo, managing director of European Economic Research with UBS AG, ...
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Date:2012/01/08
According to the forecast of the Stainless Steel Council of China Special Steel Enterprises Association, China's stainless steel output surged by 11% YoY to 12.5 million tonnes in 2011, hitting the highest level.Also, SSC predicted that China�...
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Date:2012/01/03
It’s reported that Benxi Steel exported 2.7 million tons of steel products in 2011, ranking No.1 in China.It’s known that the firm’s exports in 2010 totaled 2.8 million tons, surged substantially by 185.7% year on year.Meanwhile, Benxi Steel has aime...
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Date:2012/01/09
Talks on a China-Japan-Republic of Korea free trade agreement (FTA) are expected to start in the first half of this year, with May seen as the earliest date, following the conclusion in December of studies and research into its potential consequences...
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Date:2012/01/05
It’s reported that China’s Southwest Stainless Steel announced that it achieved the production target of 600,000 tons of stainless steel in 2011. Also, the firm posted sales revenue of RMB12 billion in 2011.Meanwhile, it’s known that the company’s 1,...
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Date:2012/01/03
The first congress of staff of Hebei Steel Group is held on December 27. Wang Yifang, president and GM of the group, speaks on the congress. When it comes to the plan for 2012, Mr. Wang points out that, the group is to focus on enhancing quality and ...
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Date:2012/01/05
It is reported that Premier Wen Jiabao pointed out three issues confronting China steel industry during his tour of inspection in Hunan on Jan.1-2, 2012. -Overcapacity. Premier Wen stressed that we ought to act decisively to facilitate M&A and sl...
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Date:2012/01/03
It is reported that Western Australia invited China to invest in a AUD 5.94 billion port and rail project that aims to open up a new iron ore province in the state Mid West after recent stripping a Mitsubishi Corp led venture of exclusive development...