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Date:2011/08/21
It’s reported that most Chinese steelmakers have suffered from high raw material costs and low profits in recent years. It’s analyzed that Chinese steelmakers have increased the production output due to the development of new plants and mergers in th...
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Date:2011/08/23
Mr. Allen Cao, General Manager of Tshingshan Mineral, the mineral procurement arm of Tsingshan Holding Group predicted that China would increase the nickel pig iron production by 25%~50% to reach 250,000 ~ 300,000 tons in 2011 from 200,000 tons in 20...
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Date:2011/08/22
BEIJING - China will grant tax rebates for its imports of natural gas, including piped gas from central Asia and seaborne shipments of liquefied natural gas (LNG), Reuters reported.The rebates will apply when import costs are above domestic wholesale...
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Date:2011/08/21
Zhang Shouguo, executive vice chairman of the China Shipowners Association (CSA), has stated in an interview with Bloomberg that Brazilian mining giant Vale is seeking to control the freight market just as it controls the iron ore market.
Vale is cur...
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Date:2011/08/23
Recently, the high iron ore imports have continued to squeeze the profits of Chinese steel industry.Besides, the trade protectionism has led Chinese steel industry to suffer from the anti-dumping crisis. The Wuhan Bureau of Commerce announced that Wu...
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Date:2011/08/22
It is reported that the stainless steel inventories in China's Wuxi Market in Jiangsu province have increased as traders and end users hold orders on hand on dropping nickel prices. Also, this is the first rise since the past three months. According ...
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Date:2011/08/21
Chinese steel mills encountered low profit operation with enlarged production scale these years and its crude steel output covered nearly 50% of the total output in global market. In the first half year, the key steel enterprises gained over CN...
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Date:2011/08/23
Data from research firm Beiging Antaike Information Development Co showed that there are two undergoing stainless steel projects will soon bring another 5 million tonnes of crude stainless steel over the next few years. It is also expected that Chine...
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Date:2011/08/22
Steel industry in China earned a combined profit of RMB 155 billion in the first half of this year, 22% more than in the same period of last year, according to statistics released by the National Development and Reform Commission.The profit of the fe...
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Date:2011/08/21
It is reported that Handan Iron & Steel Co Ltd under Hebei Iron & Steel Group lowered the inventory of imported iron ore from 1.97 million tonnes in June to 1.77 million tonnes in July enlivening CNY 260 million to increase active capitalThe ...
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Date:2011/08/23
Daye Special Steel Co Limited has released an outstanding half year performance result. It posts profits of CNY 300 million in H1 with the earnings growth of 8%,which is much higher than average sales profit rate of medium sized steel enterprises, an...
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Date:2011/08/22
Tsingshan Holding Group said that China is expected to raise its nickel pig iron output by between 25% and 50% to 250,000 to 300,000 tonnes in 2011 from 200,000 tonnes in 2010.Mr Allen Cao GM of Tshingshan Mineral, the mineral procurement arm of the ...
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Date:2011/08/21
Coke prices in Shandong largely hold stable recently except that in Rizhao, steel plants have accepted a slight increase.
Now second grade metallurgical coke in Shandong and Shanxi are screwed up by CNY 10 and CNY 30 respectively for one tonne to CN...
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Date:2011/08/23
Interfax-China reported that Chinese coke producers are facing losses of CNY 200 per tonne due to high coking coal prices.
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Date:2011/08/22
It is reported that the newest No 3 blast furnace of Pangang Group Panzhihua Steel & Vanadium Plant has produced pig iron over 1 million tonnes which marks a breakthrough in the technology of 2000 cubic meters of blast furnace smelting titanium v...
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Date:2011/08/19
It is reported that Taiyuan Iron & Steel Group (Tisco), the largest stainless steelmaker in China announced to increase the export prices of 300 series hot rolled (HR) stainless steel by US$50/ton to South Korea.Meanwhile, the company remained th...
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Date:2011/08/23
Chinese steel giant Baosteel Group has signed an agreement with the State-owned Assets Supervision and Administration Commission (SASAC) of Guangdong Province and Guangzhou City regarding the restructuring project for Guangdong Steel Group. Und...
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Date:2011/08/21
The Chinese economy will grow by 9.28 percent in 2011 if the United States can stay out of a double- dip recession and the eurozone can steer itself clear of a sovereign debt crisis this year, economists from China''s Xiamen University and the Nation...
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Date:2011/08/19
It’s reported that Tangshan Iron and Steel said that the company shipped 2,100 tons of alum zinc silicon coated steel products to Brazil and these products are to be compliance with Brazil's technical requirements. Alum zinc silicon coated steel was ...
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Date:2011/08/19
According to the interim financial report issued by Shandong Province, China-based steelmaker Laiwu Iron and Steel Corporation (Laiwu Steel), in the first half of the current year its operating revenue reached RMB 22.8 billion ($3.5 billion), up 21.1...