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Date:2011/11/17
A unit of the Bank of China , one of the country's top four banks, is planning to kick off an iron ore swaps business next year in a bid to tap growing demand for hedging from steel mills and traders, two sources familiar with the matter said.Th...
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Date:2011/11/15
Chengde Steel Company of Hebei Steel Group successfully developed 300 tonnes of 25mm HRB600 high-strength earthquakeproof rebar recently, with all indicators qualified. Henceforth, China itself can produce high-strength rebar of 600 MPa yield strengt...
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Date:2011/11/15
Since China entered the World Trade Organization 10 years ago, national economic restructuring has substantially improved, with the service industry playing a more important role in the growth of gross domestic product (GDP).
According to the ...
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Date:2011/11/17
Hebei Province-based Xingtai Iron & Steel Corp. (Xingtai Steel), China's leading high-quality special steel wire and bar producer and a special steel supplier for the automotive and other industries, has started stainless and special steel p...
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Date:2011/11/15
Shanxi based Taiyuan Iron and Steel Group has stepped into the exploration of underground operation of its Ekou Iron Ore Mine, which hint that the 190 million tonnes of underground reserves will be prospected. In September 2011, Northern Engineering ...
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Date:2011/11/15
The Chinese currency Renminbi, or the yuan, weakened 135 basis points to 6.3436 against the U.S. dollar on Tuesday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or ...
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Date:2011/11/16
Since China's State Council approved a pilot plan on structural adjustment of the steel industry in Shandong Province, the provincial authorities have been studying and drawing up specific implementation plans related to the elimination of backw...
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Date:2011/11/15
Bloomberg cited Mr Michael Heffernan a client adviser with Austock Securities Ltd as saying that iron ore may extend its increase this month as steelmakers in China, the world’s biggest consumer, return to the market. He said that “The current recove...
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Date:2011/11/15
China's Ministry of Commerce (MOC) said on Monday that its oil industry will keep improving the circulation system to target a crude oil sales volume of 530 million metric tons in 2015.
The industry aims to sell 290 million metric tons of...
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Date:2011/11/16
Hebei Province-based Xingtai Iron & Steel Corp. (Xingtai Steel), China's leading high-quality special steel wire and bar producer and a special steel supplier for the automotive and other industries, has started stainless and special steel p...
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Date:2011/11/15
Recently, China’s imported iron ore prices have stayed in upward trend.It’s known that the prices of Indian iron ore fine contain 63.5% Fe increase to US$142~US$145/ton CFR on this Monday from US$140~US$142/ton CFR on last Friday.It’s said that the t...
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Date:2011/11/15
China's stocks opened lower on Tuesday following Wall Street slumps overnight, with the benchmark Shanghai Composite Index down 0.11 percent to open at 2,525.95.
The Shenzhen Component Index opened 0.14 percent lower at 10,631.05.
U.S. stocks f...
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Date:2011/11/16
According to Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Co. (WISCO), its high strength automotive steel has been approved by Asia's largest bus manufacturer, Henan Province, China-based Zhengzhou Yutong Bus Co. following compre...
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Date:2011/11/14
On November 10, the new ultra-thick slab caster of Jiangxi Province-based Chinese steelmaker Xinyu Iron and Steel Co. (Xinyu Steel) produced its first batch of 420 mm x 1,870 mm slab - the first time in the world 420 mm thickness has been produced by...
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Date:2011/11/15
China and Myanmar companies signed Saturday the agreement on cooperation in telecommunication technology transfer in Nay Pyi Taw, the new capital of Myanmar.
The signing ceremony on transferring broadband wireless access technology for Myanmar was h...
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Date:2011/11/16
BEIJING - Greening China's heavily polluting and energy-consuming industries will cause short-term losses but bring huge economic and social benefits in the long run, says a leading environmental think tank. The China Council of Internation...
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Date:2011/11/14
According to Gansu Province-based Chinese steel company Jiugang Steel Group Co. (JISCO), on November 10 production operations commenced at two new hot air furnaces at its Lanzhou, Gansu-based subsidiary Yuzhong Iron and Steel Co (Yu Steel). A Ga...
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Date:2011/11/15
China's currency should play a greater role in a possible future international monetary system that could be developed after eliminating the "wild swings" of the US dollar and euro, Robert Mundell said Monday.
"As the largest trading nation, th...
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Date:2011/11/14
It is said that the Chinese steel giant, Baosteel may set up a steel service center in South Korea as the firm currently provides automobile steel to General Motor Korea and the volume is gradually increasing. It’s known that General Motor Korea is b...
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Date:2011/11/14
It’s reported that the prices of 304 series stainless steel products decreased slightly by RMB200/ton in Chinese market this week; while, the prices of 200 and 400 series products remained flat.It’s analyzed that the quotes of stainless steel product...