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Date:2014/01/16
Supported by sufficient demand from downstream industries, the nation's leading steelmaker Baoshan Iron and Steel Co Ltd (Baosteel) has raised the ex-factory prices for its February mainstay products by between 50 yuan (8.27 U.S. dollars) to 150...
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Date:2014/01/17
Taiwanese China Steel Corp. (CSC) has decided to raise its domestic steel product prices by an average of 1.2% for March.According to the company, it would increase price on HRC by NT$450/ton and NT$360/ton on CRC, 500/MT on EG, and it will remain pr...
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Date:2014/01/16
Mr Michael Froman US Trade Representative announced that the United States is requesting that China enter into consultations regarding China's claim that it has brought its duties on US exports of grain oriented flat-rolled electrical steel (GOE...
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Date:2014/01/14
AP reported that China’s imports rose the most in five months in December, indicating that domestic demand will support economic growth, as the government claimed the title of the world’s biggest trader of goods.The customs administration said said t...
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Date:2014/01/16
Even as Chinese buyers started to show signs of life, there was little they could do topersuade any market vessels to come their way and elude the clutches of what is an extremely bullish Indian sub continent market at present.It was little surprise ...
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Date:2014/01/14
Shareholders of Indonesia's Bumi Resources, Asia's biggest thermal coal exporter, approved a crucial USD 1.3 billion debt for equity swap deal with China's sovereign wealth fund, CIC, even without the presence of its largest owner.Only...
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Date:2014/01/16
Stockpiles of iron ore at 25 major Chinese ports increased last week, according to Tuesday's Xinhua-China iron ore index report. At the end of the Jan. 7 to Jan. 13 period, inventories of imported iron ore stood at 88.57 million tonnes, up 3.14 ...
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Date:2014/01/14
Chinese iron ore futures fell 1 percent on Monday to their lowest since the contracts were launched in October as weaker steel prices curbed demand for the raw material. Spot iron ore dropped to its cheapest in more than five months on Friday and cou...
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Date:2014/01/16
Sinopec Engineering Group said it has entered into a deal to build a USD 3.1 billion plant in northern China to turn coal into petrochemicals, as Chinaseeks to reduce its reliance on petrochemical imports.Sinopec Engineering will be responsible for e...
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Date:2014/01/14
Feng Hsin Iron & Steel, one of the major electric furnace mills and also the carbon steel long product makers in Taiwan, registered sales revenue of NT$2.573 billion in December, down by 3.18% from a month ago.The company said its December operat...
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Date:2014/01/16
It is said that Taiwanese Feng Hsin has cut its rebar and scrap collection price unexpectedly today, which brought surprise to most market participants.The company said they will cut both its rebar and scrap collection prices by NT$200/ton, meaning i...
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Date:2014/01/14
According to report, China’s Baosteel announced it preliminary result for its net profit declined 44% to RMB5.781 billion in 2013 compared to a year earlier.The profit down may come from the sale of stainless and special steel assets in April 2012 to...
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Date:2014/01/15
China imported a total 820 million tonnes of iron ore in 2013, 10% higher than 2012 when inbound shipments rose 8.4% to 743 million tonnes. Interestingly, imports were above the 70 million level in four of the six months to December.So it was not sur...
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Date:2014/01/14
According to the latest data from the China Iron and Steel Association, the daily average production of crude steel in China was expected to be around 1.96 million tons in the second half of December last year. This is the first time to slump under 2...
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Date:2014/01/15
It’s reported that the Chinese steelmaker Shagang announced to cut its rebar prices by RMB130/ton for deliveries during January 11-20.After the adjustment, its ex-work prices for HRB400 rebar with diameters of 16mm-25mm are at RMB3, 460/ton.In additi...
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Date:2014/01/13
Hsin Kuang Steel, one of the major steel service centers in Taiwan, announced its combined sales revenue in last December totaled NT$829 million, increasing by 17.51% from November.Also, its combined sales revenue in the fourth quarter totaled NT$2.3...
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Date:2014/01/15
Reportedly, Baosteel Stainless, the second largest stainless producer in China announced to remain its export prices for austenitic stainless steel coils unchanged for January.After the announcement, its export offer prices for 304 grade hot rolled c...
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Date:2014/01/13
According to data released by the China Iron and Steel Association (CISA), the country’s daily crude steel output was estimated at 1.961 million tons in December 21-31 period, decreasing by 2.7% from 10 days ago.Besides, the country’s crude steel out...
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Date:2014/01/15
It is reported that China’s iron ore imports fell by 5.7% in December of 2013.Lower crude steel production in December and higher prices in November led to low volumes in December.Daily crude steel output in December totaled 1.99 million tons, down b...
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Date:2014/01/13
It’s reported that Wuhan Iron and Steel (Group) Corp. (WISCO) planned to produce 40.3 million tons of crude steel in 2014, up slightly by 1.6% from a year ago.Meanwhile, WISCO confirmed that its crude steel output in 2013 totaled 39.7 million tons, r...