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Date:2014/01/13
Frigid winter has finally caught up with an effervescent iron ore market eclipsing new heights with each passing months. However December was different as imports dropped 5.7% in December, off the previous month's record-high, as slowing steel d...
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Date:2014/01/13
Reuters reported that China's iron ore imports dropped 5.7% in December, off the previous month's record high as slowing steel demand towards year end curbed purchases of the steelmaking raw material in the world's top consumer. But su...
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Date:2014/01/10
Chinese steel futures drifted to near contract lows on Thursday, as poor demand in the world'stop consumer weighed on prices.The most-traded May rebar contract on the Shanghai Futures Exchange ended 0.2 percent lower at 3,456 yuan a tonne, not f...
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Date:2014/01/08
China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan will release its prices for AP plates (materials without mill certificate) for February on January 15th. It’s learned that CSC might raise its prices for AP plates by NT$200~NT$300/ton....
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Date:2014/01/10
According to statistics, China’s scrap imports totaled 362,000 tons in November, rising by 16% year on year and increasing by 12.2% from a month ago.Among them, 190,000 tons were from Japan, falling by 28%; 118,000 tons were from the US, soaring by 3...
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Date:2014/01/06
It is reported that one of the biggest Chinese steelmakers Baotou Steel Union will raise US$4.9 billion private share placement in order to buy assets from its parent and replenish working capital.The Inner Mongolia-based company said in a statement ...
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Date:2014/01/08
Iron ore sales to China from Australia’s Port Hedland climbed in December as the world’s biggest buyer boosted inventories, undeterred by a temporary halt in shipments because of a tropical cyclone.Cargoes from the world’s largest ore-export terminal...
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Date:2014/01/10
China’s Bohai Commodity Exchange hopes to increase its influence on the pricing of iron ore with a plan to make yuan-denominated contracts available to overseas investors, but the latest effort to capitalize on the internationalization of the Chinese...
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Date:2014/01/06
Reuters reported that Chinese steel production is moving from its heartland in Hebei province in the wake of government efforts to tackle pollution near Beijing, but Shanghai could be paying the price as steel mills around the commercial capital ramp...
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Date:2014/01/08
Business Standard reported that less than a year ago, several brokerages discontinued actively tracking industrial and cyclical stocks as demand weakened and economic growth plummeted to a 10 year low. These sectors are now seeing a revival of intere...
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Date:2014/01/10
It’s reported that Chung Hung Steel, one of the major re-rollers in Taiwan may has positive sales profits in the fourth quarter and help the company to become slightly profitable in whole 2013, driven by better market demand in the given period of ti...
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Date:2014/01/06
China Metallurgical Group announced it had successfully completed a test run at its Nanjing Steel's bar project. Meanwhile, the company indicated that the project will meet the growing market demand. According to the company’s development strate...
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Date:2014/01/08
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 Dec. 31 to Jan. 6 period, inventories of imported iron ore stood at 85.43 million tonnes, up 1.23 ...
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Date:2014/01/10
According to report released by the China Iron and Steel Association (CISA), the combined profits of the CISA’s 86 member mills totaled RMB16.2 billion in the January-November period, jumping from a loss of RMB800 million in the same period of 2012.B...
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Date:2014/01/06
Taiwan's rebar price in 2013 dropped by about 9.5% compared to a year earlier due to weak demand from the construction industry.The average price for CNS560-SD280 rebar price was about NT$17,391/ton (about US$584/ton) in whole 2013 which had dro...
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Date:2014/01/08
Chinese imports of copper and iron ore likely fell in December from the month before due to a cash crunch and as growth momentum slowed, but shipments of crude oil are expected to have risen as some refineries restarted after maintenance.Following a ...
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Date:2014/01/09
resource analyst says despite significant increases expected in production from the state's iron ore miners, prices for the commodity should remain firm.James Wilson from Morgans says up to 60 million tonnes of new iron ore is expected to ...
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Date:2014/01/06
Tisco, one of the major stainless steel mills in China, has announced that the company will keep its listed price flat in January, 2014 for domestic market. After Tisco's new price announcement, its new base price for 304 2B coil base price will...
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Date:2014/01/07
Based on a recent Steelease survey of major steel downstream industries, the steel-PMI was 49.98 in December, down 0.4 MoM, but up 1.16 YoY. After being seasonally adjusted, the reading was 51.24 in December, up 1.07 MoM, and up 1.08 YoY. Business ac...
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Date:2014/01/09
According to statistics, Japan’s exports of small-size wire rods with diameters smaller than 14mm totaled 141,094 tons in the January-November period, rising by 8.9% year on year.Meanwhile, the average export prices were at NT$22,102/ton, dropping by...