-
Date:2011/08/30
China was tied for second place in global mining transactions in the first half of this year, after the United States, as the country pursued resources to fuel its economic growth, experts from consultancy company KPMG LLP told China Daily on Monday....
-
Date:2011/08/30
Local governments are unlikely to default on their debt, although some might face liquidity risks in repaying debts in the short term, economists said.
Xu Lin, head of the fiscal and financial department of the National Development and Reform ...
-
Date:2011/08/30
It is reported that Chinese steel giant Hebei Steel Group is planning to launch construction of its mining project at the open-pit iron ore mine in the town of Xiangtang in Tangshan, Hebei Province. The mine is the largest iron ore mine in Asia with ...
-
Date:2011/08/30
Guangzhou - Binchuan Metals Co has had weekly power blackouts this summer and uses 2,000 liters of diesel every month to fuel its own generators.
"This adds to our costs," said the head of its administrative department, surnamed Tang.
The...
-
Date:2011/08/30
Iron companies disclosed a total net profit of 9.98 billion yuan ($1.54 billion) in interim reports released by 27 steel enterprises listed on Shanghai and Shenzhen stock exchanges on Aug 29. The net profit belongs to the parent companies and is down...
-
Date:2011/08/29
Shanghai-based Chinese steel giant Baosteel signs a cooperation contract with Hebei-based Chinese automobile maker Great Wall Motor Company Limited, according to media reports.
Under the contract, the two parties will get together to develop the new...
-
Date:2011/08/30
China steel futures rose more than 1 percent on Tuesday, bouncing back from two-week lows in the previous session, supported by a bright demand outlook that
has kept steel production at a rapid clip.A brisk construction sector has strengthened steel...
-
Date:2011/08/30
Hong Kong's Census and Statistics Department announced Monday that the value of total retail sales of the city in July was provisionally estimated at 35.2 billion HK dollars (4.52 billion U.S. dollars), up 29.1 percent year on year.
According t...
-
Date:2011/08/29
Liaoning province-based Chinese steelmaker Benxi Steel Group announced that over 80,000 mt non grain-oriented silicon steel, such as 50BW600, 50BW800, 50BW1000 and 50BW1300 produced by Benxi Steel has been sold to over forty well known domestic home ...
-
Date:2011/08/30
Beijing-based Chinese steel producer Shougang Steel Group has announced that in the first half of the current year it achieved a total operation income of RMB 6.5 billion ($1 billion), down 54.36 percent year on year. Meanwhile, the net profit of Sho...
-
Date:2011/08/30
The Chinese currency Renminbi, or the yuan, strengthened 34 basis points to a record high of 6.3849 per U.S. dollar on Tuesday, according to the China Foreign Exchange Trading system.
In China's foreign exchange spot market, the yuan is allowed...
-
Date:2011/08/29
After the takeover by the Chinese steelmaker Shougang Group, Shougang Tonggang Group returned to profit after three consecutive years of loss amounting RMB 2.26 billion ($0.354 billion). In January-July period of 2011, the company registered a profit...
-
Date:2011/08/30
China-based Shougang Changzhi Iron & Steel Co., a subsidiary of Shougang Group, has recently started the trial-production in its new one million mt rebar production line.
The new production line is expected to produce rebar of 25 mm diameter
-
Date:2011/08/30
China's stocks opened higher on Tuesday with the benchmark Shanghai Composite Index up 0.63 percent to open at 2,592.6. The Shenzhen Component Index opened 0.75 percent higher at 11,457.93.
Source: Xinhua
-
Date:2011/08/29
Sichuan-based Chinese steelmaker Pangang Group Steel Vanadium & Titanium Co announced that once the underground exploration project is completed, it will produce 2 million mt of iron ore per year, which could meet the demand for 32 years of produ...
-
Date:2011/08/30
Beijing-based Chinese miner China Minmetals Corporation has said that it has recently signed a strategic cooperation framework agreement with the government of Yongzhou City, Hunan Province to produce rare earth metals and manganese resources in Yong...
-
Date:2011/08/30
According to the data released by Hefei Customs recently, in the first seven months of this year, Anhui province has exported 0.41 million t steel products, rising by 17.2% year over year. Among them, the plates, bars and sections are the main export...
-
Date:2011/08/29
China-based steelmaker Baosteel Group Xinjiang Bayi Iron & Steel Co. announced that its net profit for the first half of 2011 reached RMB 389 million ($ 60.97million), increasing by 18.73 percent year on year.
In Jan-June 2011, Bayi Steel's ...
-
Date:2011/08/30
In the week ending August 26, steel inventories in China increased to some extent, according to CBN Newswire. In particular, the aggregate inventory of wire rod, rebar, hot rolled coil, cold rolled coil and galvanized steel came to 13.84 million mt, ...
-
Date:2011/08/29
Reportedly, China’s Tianjin Metallurgy exported 10,500 tons of seamless steel pipes in the first half of this year.Furthermore, the company has targeted to export 30,000 tons of seamless steel pipes in the whole 2011.It’s analyzed that the company’s ...