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Date:2013/10/17
On October 15, the Chinese government announced on its website that China is to focus on restructuring the iron and steel industry in the provinces of Shandong, Hebei, and Liaoning, and in certain other provinces. Accordingly, concentrating dispersed...
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Date:2013/10/21
The Chinese government announced on October 15 that China is to restructure the iron and steel industry in certain provinces especially in Shangdong, Hebei, and Liaoning.The major tasks for the local governments are on concentrating dispersed steel c...
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Date:2013/10/22
It’s reported that the Chinese steelmaker Baosteel announced to remain its list prices for steel wire products unchanged for November.The prices for cold heading steel wires, spring steel wires, bearing steel wires have all remained unchanged for Nov...
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Date:2013/10/17
The Chinese government has announced that it will no longer approve to construct any coal mine projects with annual capacity below 300,000 tons. The coal mine projects with the annual capacity below 900,000 tons which face gas and coal outbursts will...
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Date:2013/10/18
China, the world's largest iron ore importer and consumer with annual consumption of more than 1 billion metric tons, is expected to import more iron ore in the coming months, Ministry of Commerce spokesman Shen Danyang told a news briefing on T...
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Date:2013/10/22
Wuyang Steel, a subsidiary of Hebei Iron and Steel Group has contracted to supply 3000 tons of steel plate for construction of Guangzhou East Tower as tallest building in Southern China along with landmark building West Tower at 100,000 tons and 200,...
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Date:2013/10/17
The Chinese steelmaker Hebei Steel estimated a net profit of RMB36.74~RMB146.9 million for January-September, slumping by 60%~90% year on year.Hebei Steel said that the slump in net profits was caused by the imbalance between demand and supply and th...
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Date:2013/10/18
China's Tianjin-based Bohai Commodity Exchange (BOCE) has stated that it has decided to launch an iron ore spot trading platform in early November this year and that it expects to establish a new pricing system of iron ore.
The Bohai Commodity E...
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Date:2013/10/16
Reportedly, the Chinese steelmaker Shagang announced to remain its rebar ex-work prices unchanged for deliveries during October 11-20, starting from early October.After the adjustment, its prices for HRB400 rebar with diameter 16mm-25mm are at RMB3, ...
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Date:2013/10/18
Kobe Steel, Ltd. and China's Angang Steel Company Limited, a leading subsidiary of Anshan Iron & Steel Group Complex signed a joint venture agreement today, October 17, in Anshan, Liaoning province, to establish a joint venture in China to p...
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Date:2013/10/16
Major Chinese steel producer Wuhan Iron and Steel (Group) Corp. (WISCO) has announced that its subsidiaries Wuhan Iron and Steel Co. Limited and Hubei-based Chinese steel producer Echeng Iron and Steel (Echeng Steel) have signed a contract with China...
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Date:2013/10/16
Chinese steel producer Hebei Iron and Steel Group has announced its estimated financial results for the first three quarters of the current year. Accordingly, for the first nine months this year the company has announced an estimated net profit ...
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Date:2013/10/16
The Chinese government has announced that it will no longer grant approval for construction of coal mine projects with designed annual capacities below 300,000 mt. Meanwhile, approval will also be denied for coal mine projects with annual capacities ...
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Date:2013/10/14
China's crude steel overcapacity and bulging stocks could start to depress steel and iron ore prices in Asia if there are no fresh stimulus measures forthcoming from Beijing to help all that steel find a home.Many of the infrastructure projects ...
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Date:2013/10/16
Dalian Commodity Exchange (DCE), one of the four futures exchanges in mainland China, has announced that it will launch trading of iron ore futures on October 18.
According to the DCE, trading will be for iron ore containing 62 percent Fe, in units ...
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Date:2013/10/14
A large group of Traditional Owners witnessed iron ore from their country being loaded on a ship yesterday, bound for China.Sherwin Iron, which has begun operating at a site 150 kilometres east of Mataranka, is sending 200,000 tonnes of ore overseas ...
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Date:2013/10/16
Stockpiles of iron ore at 25 major ports in China rose last week as market participants continued their wait-and-see attitude, according to a Tuesday report by the Xinhua News Agency.
Inventories of imported iron ore stood at 74.84 million tonnes at ...
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Date:2013/10/14
China accelerated plans to internationalise its currency yesterday by agreeing to swap euros and yuan with the European Central Bank in a deal that is set to be China’s second largest to date.The bilateral currency swap agreement between the European...
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Date:2013/10/15
The China Iron and Steel Association (CISA) has announced that in late September (Sept. 21-30) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1.788 million mt, up 0.5 percent comp...
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Date:2013/10/14
Xinhua reported that 10 miners were confirmed dead after their bodies were recovered on Tuesday, 10 days after a coal mine in North China's Shanxi province flooded late last month.The accident occurred at 3:10 am on September 28th at the Zhengsh...