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Date:2013/09/29
The China Iron and Steel Association (CISA) has announced that in the first eight months of the current year the aggregate gross profit of its member enterprises amounted to RMB 8.087 billion ($1.308 billion), while in August alone the aggregate gros...
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Date:2013/09/26
According to data released by the National Bureau of Statistics (NBS), China’s seamless steel pipe output totaled 2.59 million tons in August.The daily output of seamless steel pipes averaged at 83,581 tons, remaining flat from a month ago but rising...
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Date:2013/09/29
It’s reported that the sticks of stainless steel stocks totaled 99,933 tons in the Chinese Foshan market in the first 10 days of September, falling by 5.86% from the previous 10 days.Among them, 45,045 tons were cold rolled stainless steel products, ...
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Date:2013/09/26
It’s reported that Chung Hung Steel, one of the major carbon steelmakers in Taiwan announced to raise its list prices for steel flat products for October.The company decided to hike its list prices for hot rolled, cold rolled steel products by NT$500...
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Date:2013/09/27
According to Xinhua China iron ore index report, stockpiles of iron ore at 25 major Chinese ports declined last week.Inventories of imported iron ore stood at 74.32 million tonnes from September 17 to 23 down 990,000 tonnes or 1.33% WoW.The country c...
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Date:2013/09/26
According to statistics, China’s exports of stainless steel flat products totaled 250,595 tons in August, soaring by 39.4% from a month ago.In August, Taiwan was the largest importer of the Chinese stainless steel flat products with 62,594 tons, fall...
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Date:2013/09/27
According to data released by China’s customs, the country’s seamless steel pipe exports totaled 451,345 tons in August, rising by 4% from a month ago and also increasing by 4% year on year.Among them, the exports of oil/gas line pipes totaled 199,18...
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Date:2013/09/26
Major steel companies will achieve profits of 20 billion yuan ($3.25 billion) for the year, more than a tenfold increase on last year, even though the industry faces problems, including overcapacity and rising costs, a leading industry figure said.
F...
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Date:2013/09/27
It’s reported that the Taigang Stainless, the largest stainless producers announced to cut domestic prices for austenitic hot rolled and cold rolled stainless coils by RMB500/ton and RMB700/ton respectively for October.After the adjustment, its list ...
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Date:2013/09/25
Statistics from CRU showed global stainless steel output proved to be 34.2 million tonnes in 2012, an increase of 2.5% over prior year. That in Western Europe and America presented negative growth.According to Stainless Steel Council of China Special...
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Date:2013/09/27
China's consumption of iron ore may reduce as its metal scrap supply increases in the future, but steel scrap use this year is expected to reduce because of policy and financial reasons, experts say.
Metal scrap, which can be used as a substitut...
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Date:2013/09/25
On September 23, Sichuan Province-based Chinese steelmaker Pangang Group Vanadium Titanium & Resources Co. announced its approval for its wholly-owned subsidiary Angang Group Investment (Australia) Co. to provide another $A30 million in sharehold...
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Date:2013/09/27
China's iron and steel industry earned 84.85 billion yuan ($13.87 billion) in the first seven months, an increase of 7.8 percent year-on-year, the National Development and Reform Commission said on its website on Wednesday.
The ferrous metal min...
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Date:2013/09/25
Major Chinese steelmaker Hebei Iron and Steel Group has announced that its subsidiary Hebei-based Wuyang Iron and Steel Co., Ltd (Wuyang Steel) recently signed a strategic cooperation agreement with Beijing-based Chinese company TSC Offshore. The two...
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Date:2013/09/27
Chinese steelmakers, already obsessed with low profit margins, have been told to increase their environmental investment to help the country reduce air pollution.
As part of an action plan to curb air pollution, the Chinese government is considering ...
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Date:2013/09/25
It’s reported that the Chinese steel mills started price negotiation for hot rolled coils with the Vietnamese buyers for October and November deliveries.The Chinese steelmakers planned to raise the HRC prices slightly but the price rise might be unfa...
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Date:2013/09/26
In the January-July period of this year, the aggregate gross profit of the Chinese iron and steel industry amounted to RMB 84.85 billion ($13.86 billion), increasing by 7.8 percent year on year, according to the data released by China's National...
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Date:2013/09/25
According to data released by China’s National Bureau of Statistics (NBS), the country’s rebar output totaled 18 million tons in August, rising by 1.8% from a month ago and soaring by 13.9% year on year.Besides, the country’s rebar output hit the new...
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Date:2013/09/26
According to statistics, China’s crude stainless steel output totaled 1.57 million tons in July, increasing by 7.2% from a month ago.In July, the country’s output of chromium-based stainless steel totaled 310,000 tons, rising by 10.8%; that of nickel...
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Date:2013/09/25
According to data released by the National Bureau of Statistics (NBS), China’s production of welded steel pipes rose slightly from July’s 4.23 million tons to 4.44 million tons in August, reflecting improved demand.In August, the daily welded steel p...