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Date:2011/12/30
Shanghai Baosteel International Economic and Trading Co., a subsidiary of Shanghai-based Chinese steel giant Baosteel Group, has inked an agreement with the authorities in the district of Sanshui in the city of Foshan, in China's Guangdong Provi...
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Date:2011/12/30
Chinese steel producer Hebei Iron and Steel Group (Hebei Steel) has announced that it is targeting a crude steel output of 46 million mt and a total operating revenue of RMB 250 billion ($39.37 billion) in 2012. However, Hebei Steel has not yet...
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Date:2011/12/30
Chinese steelmaker Chongqing Iron and Steel Group has announced that in 2012 it plans to acquire all outstanding shares in Chongqing Steel Group Iron Company, to build a new steelmaking base in Jiangjin, and to establish a new terminal at Taizhou por...
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Date:2011/12/28
North-China based steelmaker Benxi Steel sees an 18.5% output value growth for the 2011 year, at RMB88.5 billion.The company predicted its output of iron concentrates, pig iron, crude steel and steel products will respectively reach 7.5 million tons,...
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Date:2011/12/30
Reportedly, China’s leading stainless steel producer Tisco realized 167, 005 tons of stainless steel sales volume via net work built since this year.The company built its stainless steel spot transaction platform in early 2011, based on its 2010 stat...
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Date:2011/12/28
According to statistics, China exported 42,000 tons of ferro-silicon in November, surged by 15.22% from October.Among them, 22,000 tons were exported to Japan, 10,000 tons were to South Korea, and 1,101 tons were to India.Meanwhile, the country’s exp...
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Date:2011/12/30
On the conference held in Shanghai, Ministry of Industry and Information Technology of China (MIIT) and other delegates unanimously agreed that China steel market generally performed stable since this year, but the downswing appeared from October whe...
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Date:2011/12/27
Taiyuan Iron & Steel Group (Tisco), the largest stainless steel maker in Taiwan planned to start the maintenance schedule in late December, after its stainless steel output hit 3 million tons this year.It’s said that the company will suspend the ...
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Date:2011/12/29
Beijing-based Chinese steelmaker Shougang Group's (Shougang) subsidiary Shanxi Province-based Changzhi Iron and Steel Co. (Changzhi Steel) has announced that in the current year up to December 16 its seamless pipe plant recorded an output of ove...
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Date:2011/12/27
Reportedly, Tianjin Qifeng announced to cut the prices for hot rolled (HR) strips by RMB40/ton averagely for domestic market on December 26th.After the adjustment, the ex-factory prices of Q195 HR strip in dimension of 2.5mm x 145mm~240mm are at RMB4...
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Date:2011/12/29
Continuous cast round billet for wheel production from Jiangsu Province-based Chinese steel producer Huaigang Special Steel Co., a subsidiary of Shagang Steel Group, has passed an inspection by German certification company TV Rheinland. The product h...
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Date:2011/12/27
As per reports, Shandong province has accelerated the pace of shifting business from inland to coastal areas following the appointment as a trial state to adjust steel product mix. This province has clearly pointed out that they will build a quality ...
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Date:2011/12/29
According to Gansu Province-based Chinese steel company Jiugang Steel Group Co. (JISCO), in the first eleven months this year the steel outputs of the steelmaking plant and rolling plant of its subsidiary Hongxing Iron & Steel Co. totaled 2.18 mi...
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Date:2011/12/26
The reserve requirement for banks may be further reduced next year to allow more lending but that does not signify a policy change, a former central bank official said on Sunday.
Wu Xiaoling, a former deputy governor of the People's Bank ...
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Date:2011/12/29
It’s reported that the spot prices of iron ore have remained stable recently.At present, the spot prices of Indian iron ore fine contain 63.5% Fe are at US$142~US$144/ton C&F, remained flat for consecutive three days.In fact, market participants ...
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Date:2011/12/26
Taxation authorities in China's far western Xinjiang unveiled a new rule Saturday exempting enterprise income tax to attract investment to the border cities of Kashgar and Horgos.
The new businesses are exempt from the enterprise income t...
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Date:2011/12/29
It’s reported that Laiwu Steel, a Shandong Province based Chinese steelmaker has developed a new ultra-thin steel plate for shipbuilding sectors.This new developed specification is at size of 6mm x 2600mm steel plate, which will be intensively promot...
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Date:2011/12/26
China's central bank said Saturday that it has signed a 10-billion-yuan ($1.58 billion) currency swap deal with the State Bank of Pakistan.
The agreement will last for three years and is extendable by mutual consent, according to a statem...
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Date:2011/12/28
According to report of the state-owned China Securities Journal, China’s consumption of steel products is expected to hit 646 million tons in 2012, higher than that in this year, Reuters reported.The report indicated that the China Metallurgical Indu...
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Date:2011/12/26
The railway ministry cut its construction spending for next year but will not stop investing in the rail sector, said a top railway official.
The Ministry of Railways plans to invest 500 billion yuan ($79 billion) on fixed assets next year, in...