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  • Taiyuan Steel sales revenue increases by 11pct in H1

    Date:2011/07/29

    It is reported that Taiyuan Iron and Steel Group reported its sales revenue during the January to June period of the current year reached to USD 9.6 billion which was up by 10.11%YoY.As per report, its stainless steel output in the given period amoun...

  • Hainan iron ore output quantity reaches 2 million tonnes in H1 of 2011

    Date:2011/08/02

    It is reported that in the H1 of 2011, Hainan largest iron ore producer Hainan Mining Holdings Co Ltd achieved general volume of mining and stripping 6.8973 million tonnes of which finished iron ore output reached 1.9939 million tonnes with iron ore ...

  • Iron ore price negotiations - Southern Chinese miners to rise August contract price

    Date:2011/08/01

    August iron ore contract price is under negotiation between suppliers and steel mills in South China.Chinese miners expect a rise of as high as CNY 30 to CNY 50 adding spot quotation for imported iron ore at Chinese ports and domestic mined iron ore ...

  • Guangzhou metal firm deepens loss

    Date:2011/07/29

    Shanghai-listed Guangzhou Iron and Steel Co Ltd released its semi-annual report on Thursday, which showed a loss of 129 million yuan ($20.00 million) during the first half of this year, deeper than last year's overall loss of 97.89 million yuan. A pl...

  • China's stocks close lower Friday

    Date:2011/08/01

    China''s stocks closed slightly lower Friday, with the benchmark Shanghai Composite Index down 0.26 percent to close at 2,701.73 points. The Shenzhen Component Index slid 0.79 percent to finish at 11,990.43. Aggregated turnover shrank to 155.24 bill...

  • Panggang Vanadium to reorganize for survival owning to price surge of iron ore

    Date:2011/08/02

    It is reported that the largest steel company Pangang Vanadium & Titanium in Southwest China under the control of Anshan Iron and Steel Group Corporation H1 operation revenue finished at CNY 23.73 billion up by 14.08%Yoy while the net profits att...

  • Global iron ore price dips, China's up

    Date:2011/07/29

    The Baltic Dry Index, which largely reflects the movement of the global iron ore price, has dropped over 20 percent since the beginning of this year, indicating a weakening global iron ore market.The index closed at 1,317 points on  July 25, dow...

  • HK records 2.9 bln HKD fiscal deficit in June

    Date:2011/08/01

    The Financial Services and Treasury Bureau said Friday that local government expenditure in June was 24 billion HK dollars (about 3.08 billion U.S. dollars), with revenue of 21.1 billion HK dollars, resulting in a deficit of 2.9 billion HK dollars. ...

  • China's stocks close slightly higher, supported by coal companies

    Date:2011/08/02

    China's stocks began August slightly up, putting an end to a two-day losing streak, which was helped by strong gains by coal companies. The benchmark Shanghai Composite Index rose 0.08 percent to close at 2,703.78. The Shenzhen Component Index edged...

  • Steel demand to stay stable

    Date:2011/07/29

    China and auto makers will support steel for the rest of 2011, ArcelorMittal and Nippon Steel said on Wednesday, allaying concerns that the third quarter will mark more than just a seasonal dip. American producers US Steel and AK Steel sparked a shar...

  • GDP rating system a world first

    Date:2011/08/01

    The Chinese Academy of Sciences published the country''s first quality assessment system for GDP on Friday. The assessment system rated the 2010 GDP for 31 provinces by their contribution to local economic growth, social development, environmental ...

  • HK stocks close 0.99 pct higher

    Date:2011/08/02

    Hong Kong shares ended higher on Monday, with the weighted index rising 223.12 points, or 0.99 percent, at 22,663.37. The benchmark Hang Seng Index traded between 22,651 and 22,808.33. Turnover totaled 63.04 billion HK dollars (about 8.09 billion U....

  • Iron Ore-Spot offers remain high, deals slow

    Date:2011/07/29

    Spot iron ore prices stood firm on Thursday as low supplies of high-grade Indian ores encouraged miners to ask for higher prices, while Chinese steel mills were increasingly reluctant to pay for costly purchases."We are trying to keep our inventorie...

  • CISA will roll out its own iron ore price index in H2

    Date:2011/08/01

    According to the report released by Zhu Jimin who is the incumbent president of CISA and Shougang Group, CISA will issue its own iron ore price index in the second half of this year, which is calculated on the basis of the home-made iron ore price in...

  • China's July PMI down to 50.7%, fourth consecutive fall

    Date:2011/08/02

    China's manufacturing purchasing managers' index (PMI) for July fell to 50.7 percent, the fourth consecutive decline and a 29-month record low, said the China Federation of Logistics and Purchasing on Monday. The PMI figure fell from 50.9 percent in...

  • Seamless steel pipe prices reamain stable in China

    Date:2011/07/29

    Recently, the prices of seamless steel pipe have remained stable in China due to stable billet prices in the middle China as well as the steady market demand.At the same, the prices of seamless steel pipe have kept unchanged in Tianjin market due to ...

  • China's stocks slightly down Thursday

    Date:2011/07/29

    China''s stocks closed lower Thursday with the benchmark Shanghai Composite Index down 0.54 percent to close at 2,708.78. The Shenzhen Component Index slid 0.26 percent to finish at 12,085.92. Aggregated turnover expanded to 170.04 billion yuan (26....

  • NDRC:China's coal exports stood at 8.682 million t in H1

    Date:2011/08/02

    According to the data released by NDRC on July 29, China's coal exports amounted to 8.682 million t in January-June of this year, which had accounted for 22.8% of the entire coal export quota. Among them, 4.076 million t were to Japan, 3.193 million ...

  • China's average daily crude steel output is to hit 1.9499 million t in early July

    Date:2011/07/29

    According to the data released by CISA (China Iron and Steel Association), China's registered steelmakers have contributed a daily crude steel output of 1.623 million t in middle July, down 0.2% as compared to early July. Meanwhile, China's average d...

  • Forex reserve pileup not direct cause of inflation

    Date:2011/07/29

    China's foreign exchange regulator said on Thursday that a buildup of foreign exchange reserves is not the direct or major cause of the country's current inflation woes.  The State Administration of Foreign Exchange (SAFE) made the remarks in re...

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