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Date:2011/11/22
Chinese steel giant Baosteel Group has stated that hot run tests have been carried out at its subsidiary Baosteel Structure (Jiangsu) Co.'s steel structure project which has a designed annual output capacity of 150,000 mt. The project, which has...
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Date:2011/11/20
According to major Chinese steel producer Hebei Iron and Steel Group, the cold rolling mill of its subsidiary Handan Iron and Steel Group (Hansteel) has successfully produced ultra-thin DC03 grade cold rolled sheet. The product in question, with...
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Date:2011/11/21
Inner Mongolia-based Chinese steelmaker Baogang Group has announced that in the first 10 months of the current year its comprehensive energy consumption per metric ton of steel produced was down by 12 kg of standard coal year on year to a total of 69...
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Date:2011/11/18
According to CISA, Chinese steel price index averaged 122.72 in the end of October, down 9.58% as compared to previous month, which is the lowest level of this year. Meanwhile, Chinese steel market has continued its downward trend in the first two we...
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Date:2011/11/21
Chinese steelmaker Chongqing Iron and Steel Co. (Chongqing Steel) has announced that it will go ahead with its comprehensive program for the exploitation and utilization of vanadium and titanium resources, which is expected to cost a total investment...
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Date:2011/11/18
China's third West-to-East gas pipeline is expected to become operational by the end of 2013 and will carry about 30 billion cubic meters (bcm) of gas annually, mainly from Central Asia to southeastern China's Fujian province, a company sou...
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Date:2011/11/21
Shenzhen-listed Chinese steelmaker Beijing Shougang Co. has said it will swap its steel assets with assets worth about RMB 18 billion ($2.85 billion) belonging to affiliate company Hebei-based Shougang Qian'an Iron and Steel Co. (Qian'an St...
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Date:2011/11/18
The Chinese government should cut tax and loosen regulation of its financial system to solve problems that small- and medium-sized enterprises (SMEs) are currently facing, according to attendants at the China Hi-tech Forum in Shenzhen on Nov 17.
The...
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Date:2011/11/21
It is reported that Handan Steel affiliated to Hebei Steel Group has successfully produced ultra thin drawing steel DC03, the yield strength, tensile strength, strain hardening index and plastic strain ratio of which reached highest level in global m...
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Date:2011/11/18
The People's Bank of China (PBOC), the country's central bank, on Thursday mildly surprised traders by ceasing liquidity injection in open market operations amid speculations that a selective loosening in policy is imminent.
Completing its...
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Date:2011/11/18
China's Ministry of Finance announced Thursday that the country will start replacing its turnover tax with a value-added tax (VAT) in the transport sector and some service sectors in Shanghai starting from Jan 1.
The announcement came after the...
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Date:2011/11/17
Chinese steel producer Hebei Iron and Steel Group (Hebei Steel) has announced that it is planning to issue 3.8 billion shares at a price of RMB 4.28 ($0.677) per share, with the total funds raised from the share issuance not to exceed RMB 16.92 billi...
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Date:2011/11/17
Shanghai-based Chinese steel giant Baosteel has stated that it will increase it focus on sales of steel products used in household appliances.
According to Baosteel, with demand from downstream industries expected to slow down in the uncertain econom...
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Date:2011/11/16
The prices of carbon steel hot rolled (HR) product in China went up sharply on November 11st, affected by destocking and production cut. Additionally, steel spot prices and future prices soared up as well, with the largest one-day rise even reached a...
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Date:2011/11/17
Hebei Province-based Chinese steel producer Shougang Jingtang United Iron & Steel Co (Shougang Jingtang) has announced that its iron making plant has exceeded its pig iron output targets for September and October, following the good performance r...
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Date:2011/11/15
The 12th Five Year Plan for China's coal industry is expected to be issued soon, industry sources reported. The Chinese government plans to proceed with the consolidation in its coal industry during the 12th Five Year Plan Period (2011-2015), an...
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Date:2011/11/16
According to statistics, the stainless steel stocks totaled 135,678 tonnes in Chinese Foshan market on October 30th 2011, down by 3.22% from ten days ago. Among them, 62,708 tonnes were cold rolled stainless steel products, down by 2.92% and 72,970 t...
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Date:2011/11/17
JISCO released its high carbon ferrochrome purchase price (FeCr 55C 1000) for November shipments, setting it at CNY 7800 per tonne (payment by cash) after a week of tender, down CNY 350 from October. Tender volume is said going to rise as the price i...
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Date:2011/11/15
BEIJING - China's power consumption rose 11.35% in October from a year earlier, slowing from September's 12.2% growth, the National Energy Administration (NEA) said Tuesday.The country's total power usage reached 379.7 billion kilowatt...
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Date:2011/11/15
According to the data released by China Customs recently, in January to October of this year, Chinese overall coke and semi-finished coke exports amounted to 3.11 million metric tons, surging by 17.17% year over year. Meanwhile, in October alone Chin...