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Date:2011/10/18
According to Shanghai-based Chinese steel giant Baosteel, its special steel division has permanently shut down a continuous billet caster. Commissioned in March 1997, the continuous billet caster in question produced 4 million mt of large-size billet...
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Date:2011/10/18
Chinese domestic steel producer Rizhao Iron and Steel Co. (Rizhao Steel) has said that it has settled its dispute with Australian miner Mount Gibson Iron Limited regarding iron ore supplies. At the end of 2008, due to Rizhao Steel's failure...
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Date:2011/10/18
China Shenhua Energy said coal output and coal sales in September rose 19.5 percent and 29.4 percent year-on-year to 22.7 million tons and 32.6 million tons, respectively, reports www.cnchemicals.com, citing a company filing.
Coal exports in September decline...
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Date:2011/10/17
According to Jiangxi Province-based Chinese steelmaker Jiujiang Iron and Steel Co. (Jiujiang Steel), a subsidiary of Jiangxi Pingxiang Iron and Steel Co., the drying of its new 1,080 m3 blast furnace commenced on October 13.
Construction work on the ...
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Date:2011/10/18
China Coal Energy Co Ltd<601088><1088>, the country's second-largest coal miner by revenue, produced 190,000 tons of coke in September 2011, reflecting a year-on-year increase of 26.7%. Last month, the company's commercial coal ...
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Date:2011/10/17
Based on the data issued by China's National Bureau of Statistics, in September this year the domestic producer price index (PPI) in China rose by 6.5 percent year on year, unchanged from the PPI increase rate registered in the same period of la...
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Date:2011/10/13
China Nickel Resources Holdings Co Limited, principally engaged in the manufacture and sale of nickel resources products and trading of iron ore, is planning to buy an 80% equity stake in Indonesian iron nickel ore firm PT Yiwan Mining for some HK$2....
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Date:2011/10/18
Shaoguan Steel issues II grade metallurgical coke (A<13%; S<0.7%; M40>82%; M7) purchasing price from Shanxi province at CNY 2,310 per tonne, down CNY 10 per tonne from that of September. The price adjustment is set to take effect from Octobe...
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Date:2011/10/17
China's new local currency loans in September this year totaled RMB 470 billion ($73.7 billion), while at the end of September broad money (M2) supply in China came to RMB 78.74 trillion ($11.5 trillion), up 13 percent compared to the same perio...
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Date:2011/10/13
Spot iron ore prices fell to $150~160/ton, the lowest point since November 2010. The price fall is mainly due to slow demand in China. The recent tight credit has hindered growth in construction market, which is the largest consumer for steel product...
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Date:2011/10/18
Tisco released purchase price for November high carbon ferrochrome (FeCr 55C 1000), setting it at CNY 8050per tonne, down CNY 300 from October policy. The price above includes 17% VAT, delivered to the plant, 50% payment in cash.
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Date:2011/10/16
Accordingly, as the situation for China’s steel industry going worse, many show a negative prospect for the domestic steel market. This may put great pressure for profitability of steel industry in the whole year. On one hand, high iron ore price has...
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Date:2011/10/13
Chongqing Iron and Steel produced 404,300 tons of steel in September, up 38.4 percent year-on-year, reports www.cnchemicals.com, citing a company filing.For the first nine months, the steelmaker produced a total of 4.14 million tons of steel, an increase of 55...
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Date:2011/10/18
According to Nanjing-based Chinese steelmaker Baosteel Meishan Iron and Steel Co., Ltd. (Meishan Steel), in the January-September period of the current year its sintered blended ore shipments reached 3.326 million mt with a smaller average standard d...
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Date:2011/10/16
Anshan Iron and Steel Group Co., a unit of China's third-biggest steelmaker, is seeking partners to invest in its first project in India as domestic overcapacity pushes the company to expand overseas. "The India market has much room to grow," th...
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Date:2011/10/13
China's average daily crude steel output stood at 1.930 million tonnes in the last 10 days of September, up 0.6 percent from the preceding 10 days, data from the China Iron & Steel Association showed on Wednesday.
Average...
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Date:2011/10/18
Iron ore miners have given steel mills in top importer China the option to buy the raw material cheaper for fourth-quarter contracts, sources at mills said on Friday, following a fall in spot rates to 11-month lows. Quarterly contracts are usually ba...
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Date:2011/10/16
China's Anshan Iron & Steel Group is set to produce 20 million mt of crude steel this year, operating at just over 83% installed capacity, and output may continue at a similar level in 2012 as slowing economic growth hampers higher levels, a...
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Date:2011/10/13
Inventories of iron ore at 25 of China's major sea ports dropped 1.1 percent to 93.18 million metric tons in the week ending on Oct 10 from the previous week, according to the Xinhua-China Iron Ore Price Index released on Tuesday.Last week'...
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Date:2011/10/17
Guangdong Province-based Chinese steel producer Jinxi Jinlan Cold Rolled Sheets Co. has announced that it has successfully carried out trial production at its new 1,450 mm six-roller reversible cold rolled mill.
With an annual capacity of 200,000 mt,...