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Date:2011/10/11
Bloomberg reported that coal for generating power rose at China Qinhuangdao port as inventories plunged to the lowest level in two years as utilities bought more before winter. According to data from the China Coal Transport and Distribution Associat...
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Date:2011/10/10
The price of iron ore on the domestic market has dropped since the middle of September and is expected to continue to do so over the next few months, according to data provider www.cnchemicals.com.
The price slump is primarily attributable to two factors. The fir...
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Date:2011/10/11
The recently constructed Jingji Tower, which is 441.8 meters high, is the tallest building in Shenzhen. Baosteel Steel Structure Co., Ltd. provides 50,000 tonnes of steel structure parts for the construction of the building, covering four fifths of t...
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Date:2011/10/10
The National Audit Office (NAO) said Sunday that it is auditing the country's top three steel companies to ensure that they have implemented a steel industry plan issued in 2009.China published the Blueprint for the Adjustment and Revitalization...
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Date:2011/10/11
Hebei Province-based Chinese steel producer Wenfeng Industrial Group plans to invest about $205 million in an iron ore project and port project in Chile, marking the first significant attempt by a Chinese investor to invest in Chilean projects.Matias...
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Date:2011/10/09
According to the up-to-date news released by CISA, China's 77 registered steelmakers made an overall profit of 8.456 billion yuan in August, decreasing by 1.5% as compared to previous month. Meanwhile, the sales profit rate had hit a record low ...
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Date:2011/10/11
According to Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baotou Steel), in September the company's outputs all exceeded the targeted volumes. Accordingly, in September Baotou Steel produced 881,600 mt of pig iron and ...
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Date:2011/10/09
CHINA will reduce retail prices for gasoline and diesel by 300 yuan (US$47) per ton starting October 9, the country's top economic planner said today. The benchmark retail price of gasoline will be cut by 0.22 yuan per liter and diesel by 0.26 y...
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Date:2011/10/11
Analysts said Tuesday that China's newly launched official iron ore price index is unlikely to be that influential.The China Iron and Steel Association (CISA) published Monday its first official iron ore price index for the first week in October...
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Date:2011/10/09
A program to promote sales of energy-efficient consumer goods launched by the Chinese government has reduced emissions by 14 million tonnes of carbon dioxide a year since it was implemented, official data showed. The National Development and Reform C...
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Date:2011/10/09
The process of opening-up linking the Xinjiang Uygur autonomous region with China's central and south Asian neighbors is set to accelerate, as the State Council on Saturday unveiled guidelines giving more support to the construction of two econo...
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Date:2011/10/09
Commodity Online recently reported that the iron ore price in the international market is likely to remain above USD 150 per tonne till 2020 as the demand from the world’s largest consumer, China, remains firm. The decline in India exports is also pr...
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Date:2011/10/09
China's coal output amounted to 2.46 billion tonnes in January-August of 2011, disclosed Wei Pengyu an, an official with the National Energy Administration (NEA). Wei predicted that coal supply and demand would keep bala nced in this winter as c...
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Date:2011/10/08
Recently, the transaction prices of wire rod have remained stable in Taiwanese market despite of weak demand. It’s known that the demand for wire rod from Taiwanese screw industry has become weak recently due to Europe and the US debt crisis.However,...
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Date:2011/10/09
China plans to limit the mining of coal used in steel-making under regulations that the National Energy Administration will issue soon, the China Securities Journal reported, citing people that it didn't identify. Companies seeking government ap...
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Date:2011/10/08
Global demand and prices for raw materials, iron ore, chrome ore, coal and ferrochrome for making steel is likely to continue to increase. The Chinese steel industry has a record steel output in 2011 to meet soaring demand from infrastructure and soc...
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Date:2011/09/29
Global miners have stated that annual iron ore imports to China will increase to1 billion mt in 2015, up over 60 percent from 619 million mt in 2010, according to Reuters, as China continues to maintain high demand in spite of economic difficulties e...
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Date:2011/10/09
The value of industrial production of Macao continued to fall in 2010 due to the protracted decline in exports, with that of the manufacturing sector decreasing by 24.6 percent year-on-year, according to figures released by the city's Statistics...
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Date:2011/10/07
The Chinese government will subsidize sales of energy-saving building materials in more rural areas as part of the country's efforts to improve living conditions of people in the countryside. The pilot subsidy program will be extended and implem...
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Date:2011/09/29
Han Qing, an official at Chinese steel giant Shougang Steel Group, has revealed that the company is planning to acquire a high grade open-pit magnetite iron ore deposit located in West Africa in cooperation with US Global Investors, a mutual fund com...