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Date:2011/09/09
The People's Bank of China (PBOC), the country's central bank, auctioned 4 billion yuan ($626 million) in three-month bills at a yield of 3.16 percent on September 8. The yield on three-month bills remained unchanged from last week.
Hedgin...
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Date:2011/09/08
Chinese steelmaker Anshan Iron and Steel Group has decided to abandon its plan to build a pellet plant and a steel mill near Geraldton in Western Australia over concerns about high manufacturing costs and steel demand in Australia, an executive of An...
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Date:2011/09/12
RECENT turmoil in the global economy has yet to touch China's still-booming steel sector, which looks set to produce a record 700 million tonnes this year, keeping iron ore prices near record highs with Australian miners major beneficiaries. And...
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Date:2011/09/09
According to Chongqing-based Chinese steelmaker Chongqing Steel Group, in August this year it produced 524,800 mt of crude steel, up 15.67 percent compared to July and rising by 72.7 percent year on year. During the first eight months of the cu...
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Date:2011/09/07
State-owned China Shenhua Group made a profit from its pioneering direct coal-to-liquids (CTL) project in the first half of this year, raising hopes that the world's second largest oil consuming nation may expand forays into alternative fuel pro...
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Date:2011/09/12
According to Jiangxi Provincial Bureau of Geological and Mineral Exploration a new iron ore deposit with proven reserves of 110 million tonnes has been discovered in the Ganzhong region of China Jiangxi Province.The preliminary estimate for the regio...
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Date:2011/09/09
Sichuan-based Chinese steelmaker Pangang Group produced 769,500 mt of iron ore concentrate in August, its highest historical monthly iron ore concentrate output. Pangang's Baima iron ore dressing plant produced 229,370 mt of iron ore...
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Date:2011/09/07
On September 6, Liaoning Province-based Chinese steel producer Lingyuan Iron and Steel Corporation (Lingyuan Steel) announced that, considering the unprofitability of its medium-width cold rolled strip products, it has decided to halt production of t...
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Date:2011/09/09
According to the data released by MOFCOM on September 7, China's domestic steel price has inched down 0.1% for the week ended on September 4 compared to prior week. For instance, the price for high speed wire rod with diameter of 6.5 mm and reba...
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Date:2011/09/07
Spot iron ore prices for 63.5/63-percent grade in China were steady at $190 per tonne on Wednesday, as some steel mills suspended purchases of raw material until
they see a decisive lift in steel prices first, traders said."A few mills have started ...
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Date:2011/09/07
According to Beijing-based Chinese state-run company China Metallurgical Group Corporation (MCC), the No. 8 coke furnace project of Liaoning Province-based Chinese steelmaker Angang Steel has entered its testing phase prior to starting production.&nb...
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Date:2011/09/07
Hubei Province-based Chinese steel pipe producer Huangshi Xinxing Pipes commissioned a 616 cubic meter blast furnace at the beginning of September, according to local newspaper Huangshi Daily. The furnace will be able to produce 2,400 mt of molten ir...
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Date:2011/09/06
Reuters reported that the iron ore prices were offered up to about US$190/ton in China’s spot market on Tuesday.However, steelmakers are careful on purchasing due to the uncertainty in global economy outlook.Taking about half of world’s steel output,...
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Date:2011/09/07
Shandong Province-based Chinese steelmaker Laiwu Iron and Steel Co. (Laiwu Steel) has produced 65Mn high quality carbon structural steel hot rolled strip from its wide strip product line, according to the State-Owned Assets Supervision and Administra...
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Date:2011/09/06
Austria-based plantmaker Siemens VAI Metals Technologies has received an order from the Chinese steelmaker Maanshan Iron & Steel Co. Ltd (Masteel) to supply a twin ladle furnace. The twin ladle furnace will have a capacity of 300 mt and will...
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Date:2011/09/07
After Australia’s largest steel-maker BlueScope Steel announced to shut-down its number six blast furnace at Port Kembla and close its Western Port hot strip mill, China’s second-largest steel manufacturer Ansteel has decided to abandon it original p...
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Date:2011/09/06
Chinese steelmaker Lueyang Shanxi Steel Co. has announced that it has recently started construction of its 14 m2 shaft furnace pelletizing project at Wangjiaping in the city of Yan'an in China's Shanxi Province. After the project is c...
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Date:2011/09/07
Recently, the countries such as Australia, Brazil, India, and South Africa are the main iron ore exporters to China; however, China is looking for new sources such as Honduras, Mexico, Venezuela, Philippines, and Iran. Chinese steel makers are under ...
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Date:2011/09/06
Shanxi Province-based Chinese steelmaker Taiyuan Iron & Steel Co.'s (TISCO) subsidiary Taiyuan Stainless Steel Tube Co. has succeeded in producing the world's first extruded W-section steel, which will be mainly used to hold pipes in pl...
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Date:2011/09/06
China's stocks extended losses and slipped slightly on Tuesday, as the plunging European markets and the shrinking liquidity battered the investor sentiment. The benchmark Shanghai Composite Index fell 0.33 percent, or 8.22 points, to end at 2,4...