-
Date:2011/08/29
According to the data released by CISA (China Iron and Steel Association), China's registered steelmakers have contributed a daily crude steel output of 1.633 million t in middle August, up 0.21% as compared to early August. Meanwhile, China...
-
Date:2011/08/30
Sichuan province-based Chinese steelmaker Pangang Group has said that it has managed to increase efficiency in its new blast furnace no. 3 of its vanadium molten iron mill, decreasing iron loss and coke usage.
As of August 22, the iron extracted fro...
-
Date:2011/08/29
China has now become the largest steel maker and they need more coking coal for their large capacity. As Mongolia is affluence with coal, state-owned steel makers are targeting the project in the area. Not only the state-owned large steelmakers but a...
-
Date:2011/08/29
Markets often show perverse and unexpected behavior. There are times when the market anticipates bad news about a stock. When the bad news is announced, the price rises because the news is not as bad as anticipated. At other times the market anticipa...
-
Date:2011/08/30
Chinese steelmaker Xinjiang Bayi Iron and Steel, a subsidiary of Baosteel Group, started the blast furnace shell installation of its South Xinjiang Project's blast furnace no. 1, which is being constructed by China 19th Metallurgical Co. on Augu...
-
Date:2011/08/29
TPCO America, the US subsidiary of China-based Tianjin Pipe Company, broke ground on a 500,000 metric ton-a-year seamless pipe mill in Gregory, Texas Friday. Construction of the project is expected to take about two years, and the company aims to hav...
-
Date:2011/08/29
China is targeting 3 gigawatts (gW) of roof-mounted solar power generating capacity by 2015 and 25 gW by 2020, Reuters reported, citing the China Securities Journal.
If the goals are confirmed, they suggest a third of China's solar power capacit...
-
Date:2011/08/30
The 27 listed Chinese steel makers, including Bao Steel Group, saw combined net profit of 9.98 billion yuan ($1.56 billion) in the first half of this year, down 15.7 percent, according to data provider Wind Information.The decline was primarily due t...
-
Date:2011/08/29
According to the interim financial report, in the first half of this year, Hebei Province-based Chinese steel producer Hebei Steel Group saw a year-on-year increase of 11.64 percent in its net profit, reaching RMB 803 million ($125.7 million). Meanwh...
-
Date:2011/08/29
In a bid to cool down real estate speculation, officials are building a database, to be shared among 40 cities, where information about property ownership will be readily accessible.
"The shared database will involve two procedures," an offici...
-
Date:2011/08/29
The Chinese currency Renminbi, or the yuan, strengthened 67 basis points to a record high of 6.3883 per U.S. dollar on Monday, according to the China Foreign Exchange Trading system.
In China's foreign exchange spot market, the yuan is allowed t...
-
Date:2011/08/29
China's stocks opened lower on Monday with the benchmark Shanghai Composite Index down 0.64 percent to open at 2,595.47. The Shenzhen Component Index opened 0.89 percent lower at 11,464.88.
Source: Xinhua
-
Date:2011/08/29
Hong Kong shares ended lower on Friday, after the choppy trading in a relatively tight range on the weak sentiment as investors awaited the U.S. Federal Reserve Chairman Ben Bernanke's speech that may hint at how the Fed can stimulate the econom...
-
Date:2011/08/25
According to data released by China’s Customs, China imported 3.7431 million tons of bauxite in June, up by 26.12% year on year. In addition, the county’s bauxite imports totaled 24.4736 million tons in the first seven months of this year, surged by ...
-
Date:2011/08/26
Wuhan Iron and Steel Company (WISCO) and Angang Steel Company disclosed their semi-annual reports, reports www.cnchemicals.com, citing a company filing.WISCO posted a 14.73 percent year-on-year increase in net profit to 1.226 billion yuan in the first half of ...
-
Date:2011/08/25
Jilin Province-based Chinese steelmaker Shougang Tonggang Group has commenced production of checkered steel plate after successfully completing trial production.
The specifications tested include 4.2 mm 1,250 mm, 4.25 mm 1,250 mm, and 4.5 mm 1,25...
-
Date:2011/08/26
According to the most recent financial results issued by twenty-one major steel producing companies in China, in the first half of the current year the total sales income of these companies came to RMB 361 billion ($57 billion), rising by 27.58 perce...
-
Date:2011/08/25
According to China's Ministry of Commerce, in the week ending August 21 steel prices in the Chinese market rose by 0.4 percent from the previous week. In particular, in the week in question the sales prices of 6.5 mm high speed wire rod and 12 mm reb...
-
Date:2011/08/26
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 physical and chemical te...
-
Date:2011/08/25
On August 23, Chinese state-run company China Northern Locomotive and Rolling Stock Industry (Group) Corporation (CNR) stated that its subsidiary Beijing Feb. 7th Railway Transportation Equipment Co. signed a contract for the supply of 16 shunting lo...