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Date:2011/12/05
Interfax-China reported that about half of China iron ore miners have suspended production in the face of dwindling profit margins due to the low price of imported ore.Mr Zhao Peng analyst with industry consultancy Lange Steel said import prices fell...
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Date:2011/12/05
Jiuquan Steel released its high carbon ferrochrome purchase price (FeCr 55C 1000) for December shipments, setting it at CNY 7590 per tonne, down CNY 210 from CNY 7800 per tonne in November.The price above includes 17% VAT, delivered to the plant, ban...
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Date:2011/12/03
According to Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group), in the first 10 months of the current year Baogang Group's sales revenue totaled RMB 50.1 billion ($7.90 billion). Up to now, no company in the auton...
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Date:2011/12/01
China's Ministry of Lands and Resources has stated that in the next few years China should accelerate the development of domestic ‘crisis mines', especially iron, copper, aluminium, lead and zinc mines. Such mines, many of which were ...
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Date:2011/12/03
It’s reported that Chinese ferro-silicon makers have sought to raise the prices after National Development and Reform Commission (NDRC) announced to increase electricity fee.It’s known that NDRC’s rise in electricity fee have increased the production...
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Date:2011/12/01
Shanghai Securities News citing a spokesman from Aluminum Corporation of China that Baosteel Group, the parent of Baoshan Iron and Steel and China Railway Construction Corporation have signed an agreement to jointly participate in the exploration of ...
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Date:2011/12/03
Tianjin Pipe Corp. (TPCO), the largest seamless steel pipe maker in China released its price policy for December.The company decided to cut the prices of seamless steel pipe by RMB100/ton. After the adjustment, the ex-factory prices of seamless steel...
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Date:2011/12/01
It is reported that China's Taigang Stainless Steel hiked its bid prices of ferrochrome by CNY 300 per tonne to CNY 7,300 per tonne after failing the bid.A trader indicated that ferrochrome manufacturers are reluctant to sell the materials to Ta...
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Date:2011/12/02
China will resume the operation of all 54 bullet trains previously recalled over safety concerns starting from Dec 12, the Ministry of Railways (MOR) said Thursday.
A new operation schedule for the Beijing-Shanghai high-speed railway, on ...
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Date:2011/12/01
The stainless steel department of Taishan Steel this year turns market-oriented, substantially adjusting product structure and intensifying efforts on new product research. Consecutively, the mill develops the series 200, 300 and 400 stainless steel ...
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Date:2011/12/02
"Cut the price from 2 million yuan ($315,000) to 1.95 million yuan!" Huang Zhen told an agent at Homelink Real Estate Agency Co Ltd, with a tone of frustration.
It was the third time that Huang, 35, had cut the price in the past few months. "B...
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Date:2011/11/30
Baosteel Metal Co., a subsidiary of Chinese steel giant Baosteel Group, has announced that it plans to sell four wholly-owned subsidiaries, namely, Baosteel Hot Stamping Parts Co., Baosteel Wheel Co., Baosteel Hydro-forming Parts Co. and Yantai Baost...
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Date:2011/12/02
Authorities have turned down at least 10 billion yuan ($1.57 billion) in investment because it could harm the environment in a new development zone beside Bohai Bay, a senior official said on Thursday.
Experts and officials have voiced concern...
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Date:2011/11/30
China may soon raise power tariffs by 0.025 yuan per kilowatt hour to prevent widespread shortages over the winter and is also considering capping benchmark spot coal prices at 800 yuan ($130) a tonne in a move to thwart a coal price rally, a state n...
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Date:2011/12/02
Fresh PMI data confirmed slowdown in the world's second-largest economy, fueling speculation that Chinese policy makers may shift more focus to steering the economy through hard times.
Purchasing Managers' Index (PMI), a preliminary indica...
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Date:2011/11/30
Rio Tinto said that an upward trend in China's demand for more imported iron ore was intact despite signs of softening steel production, leading the global mining house to step up expansion work at its mines. Mr Tom Albanese CEO of Rio Tinto sai...
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Date:2011/12/01
Xinjiang-based Chinese steelmaker Bayi Metal Products Co. (Bayi Metal), a subsidiary of Chinese steel giant Baosteel Group, has commissioned its galvanized steel wire production line No. 3, as announced by Baosteel. The commissioning of the gal...
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Date:2011/11/30
It is reported that Shandong Province based Chinese mining company Sinosteel Fuquan Mining Co has announced the completion of the construction of its new iron ore dressing plant.The designed annual production capacity of the new iron ore dressing pla...
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Date:2011/12/01
Xinjiang-based Chinese steelmaker Bayi Iron and Steel (Bayi Steel), a subsidiary of Baosteel Group, has started installation of the roof of the billet reheating furnace within the scope of its South Xinjiang Project, as announced by China 19th Metall...
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Date:2011/11/29
China's largest coal producer, China Shenhua Group, has launched a project to research and develop combustible ice, a kind of natural gas hydrate, in the northwestern Qinghai province. Shenhua Group signed an agreement with the Qinghai provincia...