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Date:2011/09/06
A groundbreaking ceremony has been held in Taiyuan in China's Shanxi Province for the new stainless steel processing center of Shanxi-based Chinese steelmaker Taiyuan Iron and Steel Co. (TISCO) and Jiangsu-based Daming Metal Products Co.(Daming)...
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Date:2011/09/06
According to the report released by Xu Lejiang, the incumbent president of Baosteel, almost 95% of the global multinational investment programs in steel industry belong to joint venture and this trend may continue in future. He po...
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Date:2011/09/06
The foreign trade division of Brazil's government announced Tuesday that it will place an anti-dumping duty of $743 per metric ton on imported steel pipes used in oil and gas exploration from China. The duty will be applied for five years.
In o...
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Date:2011/09/06
Eastern Ganzhou city has ordered three rare earth mines to halt production by year-end, according to local mining authorities.
The city issued a notice telling three of its eight major rare earth producing counties to halt production by the en...
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Date:2011/09/05
It’s reported that China’s Baosteel successfully developed high quality of SUP9 spring steel after six times of trial production. The company said it was quite satisfied with the result of the test production and it would give the company more confid...
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Date:2011/09/06
A new electricity pricing system for electric vehicles is likely to be established in pilot cities to boost China's fledging new-energy vehicle industry, experts said.
New-energy vehicles will become big electricity consumers and provide ...
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Date:2011/09/05
CHINA is increasing iron ore imports from countries outside the major producing regions of Australia and Brazil to diversify supply away from the players that dominate the sector.
The economic powerhouse has reported that iron ore imports from count...
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Date:2011/09/06
China is playing a greater role in helping to maintain world economic growth, but needs currency reform and a re-balancing of its growth model. That's according to an IMF "Spillover Report", looking at the external effect of China's domesti...
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Date:2011/09/05
By 2015, Shanghai Baosteel Construction Co. (BSC), a division of giant Chinese steelmaker Baosteel Group, plans to triple its sales revenue to RMB 8 billion ($1.254 billion) as compared to 2011 levels, according to its business plan for the 2011-15 p...
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Date:2011/09/06
China's consumer prices were expected to increase at the slower pace of about 6 percent in August, driven down by stabilized food prices, economists said.
The consumer price index (CPI), a main gauge of inflation, is likely to have fallen to abo...
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Date:2011/09/05
It is reported that Hebei Province-based Chinese steelmaker Xingtai Iron and Steel Co No 7 continuous converter has produced steel for application in tire cords.Quality tests on the steel in question have been successful
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Date:2011/09/05
Gansu Province-based Chinese steelmaker Jiuquan Iron and Steel Co. (Jiuquan Steel) has stated that its water consumption per metric ton of steel produced has hit a record low this year for the successive second year. In the January-July period ...
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Date:2011/09/03
It is reported that Chinese steel giant Baosteel Group's Special Steel Business Unit has succeeded in developing high quality SUP9 spring steel.After carrying out trial production six times, the surface quality of the product is stable and physi...
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Date:2011/09/05
Shanxi Taigang Stainless Steel posted a net profit of RMB838 million in the H1 of 2011, up by 3.5% year on year. In the meanwhile, its sales revenue grew by 5.57% from a year earlier to RMB45.84 billion and the steel production volume increased 0.35%...
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Date:2011/09/02
Hong Kong stocks closed 0.25 percent higher Thursday along with the market optimism that the economic stimulus measures will ease the worries on economic recession in the U.S.
The benchmark Hang Seng Index gained 50.48 points, or 0.25 percent, to cl...
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Date:2011/09/01
Outbound direct investment (ODI) for August rebounded with "double-digit" growth year-on-year following July's sharp drop, the Ministry of Commerce said on Wednesday.
The rebound comes after the Japanese earthquake and tsunami, as well as...
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Date:2011/09/05
Handan Iron and Steel Group (Hansteel), a subsidiary of Chinese steelmaking giant Hebei Iron and Steel Group, has announced that in the January-August period of the current year it has established new direct supply relationships for its cold rolled p...
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Date:2011/09/02
China's stocks fell Thursday, as the benchmark Shanghai Composite Index edged down 0.44 percent, or 11.30 points, to 2,556.04.
The Shenzhen Component Index lost 0.39 percent, or 44.62 points, to finish at 11,352.86.
Source: Xinhua
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Date:2011/09/01
China and the Philippines aim to double bilateral trade to $60 billion in 2016, indicating that economic cooperation is a priority as the countries put aside the South China Sea dispute that has strained ties.
Securing a number of deals with China o...
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Date:2011/09/05
It is reported that Chinese steelmaker Xinjiang Bayi Iron and Steel a subsidiary of Baosteel Group started the blast furnace shell installation of its South Xinjiang Project blast furnace no 1 which is being constructed by China 19th Metallurgical Co...