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Date:2011/09/02
According to the reported released by Luo Bingsheng, an official from CISA, the global iron ore demand has been suppressed by the current stagnant world economy. Beside, in January to July of this year the giant iron ore suppliers have overestimated ...
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Date:2011/09/01
China's Purchasing Managers' Index (PMI) rebounded to 50.9 percent in August from a 29-month low of 50.7 percent for July, the China Federation of Logistics and Purchasing (CFLP) said Thursday.
The August figure ended four consecutive mont...
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Date:2011/09/05
China's stocks fell Friday, as the benchmark Shanghai Composite Index dropped 1.09 percent, or 27.76 points, to 2,528.28.
The Shenzhen Component Index lost 1.1 percent, or 124.57 points, to finish at 11,228.3.
Source: Xinhua
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Date:2011/09/02
China will speed up opening up of its inland regions to the outside world and give full play to Xinjiang's role in the opening up to neighboring countries.
Chinese Vice-Premier Li Keqiang told officials and business leaders attending the ...
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Date:2011/09/01
Guangzheng Steel Structure filed its will invest 500 million yuan to build a construction material and steel structure production base in Wuhan, reports Shanghai Securities News.The factory will be built in two phases and will take two years. The Uru...
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Date:2011/09/03
Henan Province-based Chinese steelmaker Anyang Iron and Steel Co. has announced that its No. 2 plant has produced AG500ZG steel tube blanks on its 1780 mm line for the first time. The first batch of the products in question totaled 148.81 mt of ...
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Date:2011/09/02
China's cross-border trade settlements in yuan hit 1.63 trillion yuan (254.69 billion U.S. dollars) by the end of July since the program's launch in July 2009, a central bank official said on Thursday.
The People's Bank of China (PBOC...
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Date:2011/09/01
SteelHome and SteelGuru announced that they have signed a MoU for bilateral cooperation for sharing information and resources in the areas of steel, metals and raw materials.The MoU was signed in August 2011 in Shanghai by Mr Wu Wenzhang president of...
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Date:2011/09/03
Sichuan Province-based Chinese steelmaker Pangang Group's cold rolling mill recorded an output of 93,300 mt in August, according to local newspaper Panzhihua Daily. The qualification rate of its galvanized products and wire rod products in Augus...
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Date:2011/09/02
Slowing food prices may lower China's Consumer Price Index (CPI) in August and decrease the possibility of a benchmark interest rate hike in September, Economic Information Daily reported citing analysts on Sept 1.
China's CPI may rise by a...
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Date:2011/09/01
Reuters cited Ms Chen Ying Deputy General Manager of China's Baoshan Iron & Steel as saying that the company is currently buying iron ore based on quarterly prices calculated using Platts' iron ore index IODBZ00-PLT.Ms Chen did not spec...
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Date:2011/09/03
JINAN - China, the world's largest steelmaker and iron ore consumer, is further diversifying its overseas ore supplies by significantly increasing imports from non-traditional countries, an industry official said on Thursday.Iron ore imports fro...
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Date:2011/09/02
Experts welcomed China's appeal of a ruling by the World Trade Organization (WTO) claiming that the nation imposed restrictions on exports of nine raw materials, saying the move helps protect local industry.
They also said the nation is b...
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Date:2011/09/01
According to the China Federation of Logistics and Purchasing, in August this year the purchasing managers index (PMI) of the domestic manufacturing sector in China was 50.9, slightly up by just 0.2 points month on month. The index had fallen for fou...
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Date:2011/09/03
Some 77 major steel makers across mainland China earned a total profit of 8.59 billion yuan in July, a month-on-month drop of 35.45 percent, reports www.cnchemicals.com, citing the China Iron and Steel Industry Association (CISA). Profits of the 77 in the first...
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Date:2011/09/01
China will waive import duties for the fast-growing imports of equipment for coalbed methane (CBM) exploration and development projects during the 12th Five-Year Plan (2011-2015), making it the country's first exemption in the sector.
The...
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Date:2011/09/01
It’s reported that China’s export quotes of hot rolled coil (HRC) have remained flat over the past few weeks.It’s known that China offered the HRC quoted at US$735~US$740/ton CFR to India; however, the price was unfavorable to Indian buyers as it was...
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Date:2011/09/03
The China Iron and Steel Association will start publishing a weekly iron ore index on Oct. 1 as commodity-pricing services compete to have a bigger say over pricing of the raw material used in steelmaking.
"We are able to collect data from all domest...
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Date:2011/09/01
To support struggling small- and medium-sized enterprises (SMEs), China's State Council will hold a conference in September for SMEs to discuss policies for the sector's development, sources said Monday at the APEC SMEs Forum.
SMEs are expe...
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Date:2011/09/01
Accordingly to data of the Customs, China imported 54,851 tons of aluminum scrap in July, dropped by 19.02% year on year and it decreased by 6.52% from June.It’s analyzed that the decreased aluminum scrap imports were caused by declined supply as the...