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Date:2013/09/30
What does China's factory sector growing at its strongest pace in six months have in common with the U.S. Federal Reserve's decision to keep buying bonds? Both failed to boost commodity prices much.The flash HSBC Purchasing Managers' I...
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Date:2013/10/09
In September this year, the purchasing managers' index (PMI) of China's steel sector decreased to 49.2 percent, down 4.2 percentage points month on month, as announced by the China Steel Logistics Committee (CSLC) which is part of the China...
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Date:2013/10/10
A successful hot run test has lately been carried out on the round billet continuous casting machine No. 1 of Anhui Province-based Chinese steel pipe producer Wuhu Xinxing Pipes Co., a wholly-owned subsidiary of Chinese pipe maker Xinxing Ductile Iro...
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Date:2013/09/30
China’s industrial profits accelerated sharply in August on a yearly basis, thanks to a lower comparative base, suggesting a steady growth momentum after a slowdown in the beginning of the year.National Bureau of Statistics said that industrial profi...
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Date:2013/10/09
China's purchasing managers' index (PMI) for its domestic manufacturing sector was at 51.1 percent in September this year, up 0.1 percentage points compared to August, rising for the third consecutive month on month-on-month basis, accordin...
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Date:2013/10/10
China's Ministry of Commerce (MOC) has announced that during the week ending September 29 the average finished steel price in China declined by 0.3 percent week on week.
In particular, in the given week average prices of 12 mm rebar, 80 mm x 43 ...
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Date:2013/09/30
Are global iron ore prices headed for a squeeze? A recent report from Citi Research paints a bleak outlook for the key steel-making raw material. Citi expects prices to decline in the fourth quarter, with a three-month price forecast of $115 a tonne,...
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Date:2013/10/09
China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan is going to release its prices for carbon steel wire rods and bars for December.Industry sources predicted that CSC might remain its prices for carbon steel wire rods and bars unchanged...
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Date:2013/10/10
As of October 7, inventory of iron ore at 25 major Chinese ports amounted to 73.27 million mt, indicating an decrease of just 58,000 mt or 0.08 percent week on week, as announced by China's Xinhua News Agency.
As of the given date, the Xinhua-Ch...
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Date:2013/10/08
Reuters reported that China's central bank is planning to increase the number of firms allowed to import and export gold and will also ease restrictions on individual buyers of the precious metal.The People's Bank of China said that the new...
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Date:2013/09/30
According to Ministry of Commerce, China steel price decreased 0.2% in the week ending September 22, 2013 versus the previous week.Domestic steel price continued dropping due to reduced orders and poor market transactions. Among them, 145*2.5mm HR st...
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Date:2013/10/10
On October 9, major Chinese steelmaker Hebei Iron and Steel Group announced that its Hebei-based subsidiary Wuyang Iron and Steel Co. (Wuyang Steel) recently delivered 1,215 mt of 80 mm thick Q354GJB-Z25 steel plate to Shanghai for use in the constru...
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Date:2013/10/08
Baosteel, Chinese steel giant, was included in 2013 China Most admired Companies, released by Fortune magazine. Ranking 15th, Baosteel is the only steelmaking enterprise in the list.On September 26, Furtune Magazine publisized the list of 2013 China&...
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Date:2013/09/29
According to estimates made by the China Iron and Steel Association (CISA), the county’s daily crude steel output averaged at 2.144 million tons during September 11-20, rising by 0.7% over the first 10 days of September.Meanwhile, CISA’s 86 member mi...
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Date:2013/10/10
China's imminent launch of its first iron ore futures contract could pose a threat to the $28 billion swaps market in the commodity by exploiting massive untapped hedging potential at home.The contract to be offered by the Dalian Commodity Excha...
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Date:2013/10/08
According to report of the Latin American Steel Association, China’s exports of finished steel products to Latin America totaled 3.5 million tonnes in the first eight months of this year, soaring by 27% year on year.China’s finished steel exports mad...
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Date:2013/09/29
Chongqing Iron and Steel Co and South Korean partner POSCO will build a 3-million-ton-a-year plant in the southwestern Chinese city.
The two partners signed a deal in Chongqing on Sunday for the 50-50 venture, which will use POSCO-developed FINEX tec...
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Date:2013/10/08
After three year efforts, Maanshan Steel successfully sold pipeline steel to Italy-wholly-owned Marcegaglia China Company Lt. By now, the steelmaker has supplied over 10,000 tonnes pipeline steel to the client, which is the result of Maanshan Steel&#...
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Date:2013/09/29
Baosteel Stainless, the second largest stainless steel producer in China announced to cuts its austenitic hot rolled and cold rolled stainless coil domestic prices by RMB500/ton and RMB700/ton for October.After the adjustment, the company’s list pric...
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Date:2013/09/29
In the January-August period this year, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 3.48639 trillion ($569.7 billion), increasing by 12.8 percent year on year, according to data released by Ch...