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  • China’s steel sector PMI climbs to 49.0 percent in November

    Date:2013/12/03

    In November this year, the purchasing managers index (PMI) of the Chinese steel sector stood at 49.0 percent, increasing by 1.5 percentage points as compared to October, but staying below 50 for the third consecutive month, as announced on December 1...

  • China’s exports of seamless steel pipes up in October

    Date:2013/12/02

    According to data released by China’s Customs, China’s exports of seamless steel pipes totaled 394,373 tons in October, rising by 6% from a month ago and up by 1% year on year.In the January-October period, the country exported 4.27 million tons of s...

  • China’s residential housing prices maintain uptrend in Nov

    Date:2013/12/03

    In November this year, the average prices of new residential housing in 100 cities in China rose by 0.68 percent month on month to RMB 10,758 per square meter, as announced on December 1 by the China Index Academy, a Beijing-based real estate researc...

  • MOC: Average finished steel price in China remains stable

    Date:2013/11/29

    China's Ministry of Commerce (MOC) has announced that during last week (Nov. 18- 24) the overall average finished steel price in China remained stable week on week.   In the given week, average prices of 12 mm diameter rebar and 6.5 mm diam...

  • Chinese mill profits decline in October and may rise next year

    Date:2013/12/03

    According to report from China Iron & Steel Association, the 86 members steel mills’ October profit dropped to RMB 1.716 billion, down by 47.5% from September of RMB 3.266 billion, the highest in the year. 18 members reported losses in October, c...

  • Chinese industrial enterprises’ gross profits up 13.7% in Jan-Oct

    Date:2013/11/29

    In the January-October period this year, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 4.62632 trillion ($755.9 billion), increasing by 13.7 percent year on year, according to data released by C...

  • Chinese Shagang remains HRC prices flat for December

    Date:2013/12/03

    It’s reported that the Chinese steelmaker Shagang announced to remain its list prices for Q235 hot rolled coils (HRC) and medium heavy plates unchanged for December.However, Shagang hiked its prices for SPHC HRC by RMB50/ton.After the adjustment, its...

  • Chongqing Steel completes asset restructuring

    Date:2013/11/29

    Chinese steelmaker Chongqing Iron and Steel Co. (Chongqing Steel), a subsidiary of Chongqing Iron and Steel (Group) Co., has announced that 1.996 billion of its shares were issued to Chongqing Steel Group on November 25, marking the completion of Cho...

  • Baosteel remains tinplate prices unchanged for next Jan

    Date:2013/12/03

    Reportedly, the Chinese steelmaker Baosteel announced to remain its list prices for tinplate unchanged for next January. Also, Baosteel kept its tinplate list prices flat for consecutive three months.It’s learned that the Baosteel’s unchanged prices ...

  • Chinese steel enterprises’ gross profits down 47.46% in Oct from Sept

    Date:2013/11/29

    In October this year, the aggregate sales revenues of large and medium-sized steel enterprises in China amounted to RMB 309.144 billion ($50.74 billion), increasing by 0.96 percent month on month, while their aggregate gross profit totaled RMB 1.716 ...

  • China's crude steel production accelerates

    Date:2013/11/29

    China's crude steel output rose 8.3 percent year on year to 652.48 million tonnes in the first ten months of 2013, faster than the 2.1-percent increase seen in the same period last year, the country's top economic planner said Thursday. Out...

  • China’s crude steel output up 8.3% in Jan-Oct

    Date:2013/11/28

    In the first 10 months of the current year, China's crude steel output amounted to 652.48 million mt, up 8.3 percent year on year, as announced by China's National Development and Reform Commission (NDRC) on November 26. The growth rate in ...

  • Iron ore inventory increases at Chinese ports in November

    Date:2013/11/28

    As of November 25, inventory of iron ore at 25 major Chinese ports amounted to 81.11 million mt, indicating an increase of 1,631,000 mt or 2.05 percent week on week, as announced by China's Xinhua News Agency on November 26. As of the same date,...

  • China’s Shankou Steel Pipe to build welded pipe facility in Ghana

    Date:2013/11/27

    The China-Africa Development Fund (CAD Fund) has signed a cooperation agreement with Shandong Province-based Chinese pipe producer Shankou Steel Pipe Group, as reported by China's Xinhua News Agency on November 26. Accordingly, both sides will c...

  • Chinese fundamentals support long-term iron ore outlook

    Date:2013/11/28

    Australian iron ore development company BC Iron has said that stronger iron ore prices and lack of decline in Chinese steel production, typically associated with the December quarter, supports a robust long-term iron ore outlook. Additionally, China&...

  • China’s shipbuilding output down 25.4 percent in January-October

    Date:2013/11/25

    In the January-October period of the current year, the aggregate shipbuilding output in China (from a total of 80 shipbuilding enterprises) amounted to 34.80 million deadweight tons (dwt), down 25.4 percent year on year, according to the figures rele...

  • Moody’s downgrades POSCO due to high level of debt

    Date:2013/11/26

    International credit ratings agency Moody's has announced that it has downgraded South Korea-based steelmaker POSCO's foreign currency bond rating to Baa2 from Baa1, with a stable rating outlook. Moody's said that POSCO's high le...

  • Tangsteel’s CR and HDG products receive certification from Malaysia

    Date:2013/11/28

    On November 27, Hebei province-based Chinese steelmaker Hebei Iron and Steel Group Co. announced that the low carbon cold rolled and hot dip galvanized (HDG) products of its subsidiary Tangshan Iron and Steel Co. (Tangsteel) have received certificati...

  • Taiwanese GMTC's Q3 sales revenue to drop slightly

    Date:2013/11/22

    Gloria Material Technology Corporation (GMTC), the first specialty steel manufacturer in Taiwan, has announced its third-quarter sales revenue totaled NT$2.749 billion, falling slightly from NT$2.796 billion in the second quarter. The company also sa...

  • Ansteel to issue short-term bonds worth RMB 1.2 billion

    Date:2013/11/26

    On November 25, Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Co. (Ansteel) announced that it plans to issue short-term bonds worth RMB 1.2 billion ($196.7 million) on November 28. This will be the company's third short-term b...

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