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  • Laiwu Steel increases steelmaking automation

    Date:2011/09/13

    The No. 1 and No. 2 converters of Shandong Province-based Chinese steelmaker Laiwu Iron and Steel Corporation (Laiwu Steel) are expected to achieve an annual production capacity of 2.7 million mt of crude steel, accounting for one fourth of the compa...

  • China MIIT increases capacity elimination targets amid hovering steel output in H1

    Date:2011/09/13

    According to Mr Zhu Jimin chairman of CISA, unveiling the high hovering output and low lingering profits for the Chinese domestic steel industry, new target of the backward capacity elimination issued by Ministry of Industry and Information Technolog...

  • Iron Ore-Spot prices steady post-holiday; Shanghai rebar falls

    Date:2011/09/13

    Spot iron ore prices held steady after a long holiday weekend, as reduced buying from steel mills and traders in China, the world's top buyer, was offset by ongoing tight supplies from India. Chinese steel mills and traders have slowed their pu...

  • China's CPI up 6.2 pct in August

    Date:2011/09/09

    China's consumer price index, a main gauge of inflation, eased to 6.2 percent in August, the National Bureau of Statistics (NBS) said on Friday. Source: Xinhua

  • China's steel output dip in Aug, Baosteel up Oct prices

    Date:2011/09/13

    China's crude steel output fell 0.9 percent to 58.75 million tonnes in August from the previous month as several steel mills reduced production due to maintenance, official figures showed. Data released by the National Bureau of Statistics on T...

  • Sinopec eyes unconventional oil & gas capacity

    Date:2011/09/08

    TIANJIN - Sinopec Corp, Asia's top refiner and China's second largest oil producer, aims to build some unconventional oil and gas production capacity as soon as possible, Vice President Zhang Jianhua said on Sept 8. Sinopec will also p...

  • China's inflation eases to 6.2 pct in August

    Date:2011/09/09

    China's inflation eased in August from a 37-month high as the country's economy cooled and global uncertainties lingered. The consumer price index (CPI), a main gauge of inflation, slowed to 6.2 percent in August, the National Bureau of St...

  • China's steel exports declined softly in August

    Date:2011/09/13

    According to the data compiled by China's customs, China's steel product exports totaled 4.19 million t in August, decreasing by 0.25 million t month over month while up 49.6% year over year. At the same time, China's overall steel pro...

  • China's yuan weakens to 6.3922 against USD on Friday

    Date:2011/09/09

     The Chinese currency Renminbi, or the yuan, weakened 33 basis points to 6.3922 per U.S. dollar on Friday, according to the China Foreign Exchange Trading system.  In China's foreign exchange spot market, the yuan is allowed to rise or...

  • Nation a 'world leader' in energy conservation

    Date:2011/09/08

    BEIJING - China has become a world leader in saving energy and reducing emissions, Sha Zukang, undersecretary-general of the United Nations, said after the opening ceremony of the High-Level Symposium on the United Nations Conference on Sustainable D...

  • Chinese coal demand set to slow in five years: Barclays

    Date:2011/09/12

    Chinese Coal demand is due to slow in the next five years, said a report from Barclays.“…important development has been a moderation in the trend growth of Chinese imports, with domestic production seeing good gains and, just as importantly, domesti...

  • China's Aug PPI rises 7.3% year-on-year

    Date:2011/09/09

    China's Producer Price Index (PPI), a major measure of inflation at wholesale level, rose 7.3 percent year-on-year in August, the National Bureau of Statistics said Sept 9.(Source:Xinhua)

  • Iron Ore-Spot prices hold firm, steel output resilient

    Date:2011/09/08

    Spot iron ore prices in the world's biggest buyer China held steady at around $190 per tonne on Thursday, supported by the country's resilient steel output as well as continued tight supply of the raw material from India.Chinese steel dema...

  • Chinese Wuxi market’s stainless steel stocks down by 0.38% in late August

    Date:2011/09/12

    According to report, the stainless steel stocks totaled 214,057 tons in in Chinese Wuxi market in late August, down by 0.38 from a month earlier.Among them, the inventory of cold rolled stainless steel decreased by 0.046% to 124,952 tons; that of hot...

  • Shanghai to build world's biggest expo center

    Date:2011/09/09

    Shanghai, China's economic center, plans to build a super-sized exhibition center that is likely to become the world's largest, a municipal official said Sept 8. The Shanghai municipal government has set up a headquarters to command constr...

  • China daily crude steel output down 2.2 pct in late Aug –CISA

    Date:2011/09/08

    China's daily crude steel output fell 2.2 percent to 1.905 million tonnes in the last 11 days of August from the preceding 10 days, industry consultancy www.cnchemicals.com said on Thursday, citing data from the China Iron & Steel Association (CISA...

  • China’ steel output up by 13% y-o-y in August

    Date:2011/09/12

    According to the data from the National Bureau of Statistics released on Friday, China’s output of finish steel products totaled 77 million tons in August, soared by 12.9% in comparison of that in the same period of last year.China’s total finished s...

  • Firms vulnerable in trademark protection overseas

    Date:2011/09/09

    As Chinese enterprises pick up the pace to go global, they find themselves frequently challenged in protecting trademarks overseas. In Sept 2004, Hisense Group, a leading home appliance maker in China, reported having its trademark registered by Ger...

  • China probes into steel tubes from EU, Japan

    Date:2011/09/08

    BEIJING - China's Ministry of Commerce on Sept 8 declared anti-dumping investigations into certain High-performance Stainless Steel Seamless Tubes from the European Union and Japan. The ministry said in a statement on its website ...

  • China’s steel demand to shrink 40% by 2050

    Date:2011/09/12

    One official of China’s government said that the country’s steel demand may fall by at least 40% by 2050, as steel demand is reaching its peak. The official said that steel demand would drop from a peak of 610 million tons in 2020 to 360 million tons...

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