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Date:2011/08/10
On August 6, Wuwei, Gansu Province-based Chinese steelmaker Wuwei Jinan Special Steel Co. started construction of facilities which will produce stainless and alloy steel billet and stainless wire rod. The new facilities are being built in Wuwei New E...
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Date:2011/08/11
A copper-molybdenum deposit with total reserves of over 50,000 mt has been discovered near the city of Chifeng in China's Inner Mongolia Autonomous Region. The mine is located in Baituying, near the town of Aohan, Chifeng, and was discovered by ...
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Date:2011/08/15
According to the latest release of the China’s National Bureau of Statistics, July witnesses 116.96 million tonnes of crude iron ore churned out in China.The quantity is 5.7% less than that in June and 21.7% higher than that in the same period last y...
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Date:2011/08/10
Bloomberg reported that China's largest shipping companies are lobbying the government to foil Vale SA's plan to build a USD 2.3 billion fleet of the world's biggest iron ore carriers that will haul the steelmaking material to the nation. Mr Zhang Sh...
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Date:2011/08/11
It is reported that China's spot stainless steel prices have dipped as the nickel prices slumped at LME cause by the concern on the US and European debt crisis.Traders indicated that Taiyuan Iron & Steel Group's benchmark 304 series stainless col...
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Date:2011/08/12
Coking coal prices in China's Shanxi Province have risen by RMB 70-80/mt ($11-12/mt) over the past month under the influence of the restructuring of the coal industry in the neighboring province of Hebei which has caused a reduction in coking coal pr...
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Date:2011/08/10
Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Company announced Tuesday that the company's net profit surged to 1.98 billion yuan ($307.69 million) between January and June, an increase of 45.85 percent year-on-year. In its half-year report ...
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Date:2011/08/11
It is reported that Alloy steel billets and wire rod rolling production line with annual capacity of 0.3 million tonnes was started construction at Wuwei Industrial Park on August 6th.As per report, this project covers an area of 148.42 acres with th...
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Date:2011/08/09
According to statistics, China imported 2.778 million tons of scrap in the first half of this year, down by 9.1% year on year.Among them, 1.178 million tons were imported from the US, up by 31%; 1.031 million tons were from Japan, down by 23.6%, all ...
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Date:2011/08/11
JMB reported that Japanese and Chinese delegations from the steel industries and governments held 18th steel dialogue in Tokyo.As per report, Chinese officials from Ministry of Commerce and Ministry of Industry and Information Technology of China att...
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Date:2011/08/09
On July 27 in Beijing, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baotou Steel) inked a strategic partnership agreement with China Railway Material Group Co., involving supply of steel rails.
As one of the major steel rail pro...
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Date:2011/08/09
In line with the guidelines of China's State Council on mining development, the government of the Chinese province of Gansu has decided to close down 42 coal mines in the province by the end of 2011. The mines in question are located near the c...
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Date:2011/08/05
On July 28, Chinese state-owned metals and mineral trading company China Minmetals Corporation signed a joint development agreement with the government of the county of Qilian in China's Qinghai Province to explore mineral resources in the county. &n...
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Date:2011/08/04
According to Natixis Commodity Markets, China's stainless steel production may rise as much as 15% in 2011. As a result, it may bring up the demand for nickel, the key ingredient of steelmaking. Also, NCM said that the strong output of stainless stee...
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Date:2011/08/05
In the first six months of the current year, Chinese steelmaker Shandong Iron & Steel Group Co.'s Laiwu Special Steel Division achieved sales revenues of RMB 4.153 billion ($0.645 billion) and net profits of RMB 180 million ($27.95 million). Laiw...
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Date:2011/08/03
China is likely to export 45 million tons of steel products in 2011, up 5.7 percent compared with last year, the Ministry of Industry and Information Technology said on Tuesday on its website.
The ministry said that imports were likely to be 16 mill...
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Date:2011/08/05
Xining Special Steel posted 200-percent year-on-year growth in net profits for the first half of 2011 to 232 million yuan, reports www.cnchemicals.com, citing a company filing. The figures were in line with previous expectations of growth ranging from 159 perc...
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Date:2011/08/03
The Chinese currency Renminbi, or the yuan, weakens 20 points to 6.4419 per U.S. dollar on Tuesday, according to the China Foreign Exchange Trading system.
The yuan hits a record high of 6.4399 per U.S. dollar on Monday.
In China's foreign exchange ...
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Date:2011/08/05
Iron ore prices took the ascendant course in August. The already scuttled supply from India during monsoon and the unending imbroglio in Karnataka got another shot with the blanket ban on mining in Bellary Karnataka. This region alone accounts for a ...
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Date:2011/08/03
China's stocks ended lower Tuesday on renewed worries about both the domestic and global economy, with the benchmark Shanghai Composite Index down 0.91 percent to close at 2,679.26.
The Shenzhen Component Index edged down 0.59 percent to finish at 1...