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  • CISA: China's average daily crude steel output down in mid-August

    Date:2013/08/30

    On August 29, the China Iron and Steel Association (CISA) announced that in mid-August (Aug. 11-20) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1.739 million mt, down 1.45 perc...

  • Hebei Steel sees 80.53 percent fall in net profit in H1

    Date:2013/08/30

    On August 28, Hunan-based Chinese steelmaker Valin Group announced the financial results of its subsidiary Hunan Valin Iron & Steel Co. (Hunan Valin Steel) for the first half of the current year. In the first half, Hunan Valin Steel registered a ...

  • Baosteel to invest further in Zhanjiang Steel project

    Date:2013/08/28

    The Chinese steelmaker Baosteel announced to invest further by RMB12 billion in its Guangdong Province-based Zhanjiang Steel project, mainly to support the construction of the project.It’s expected that the investment of the first RMB6 billion will b...

  • Chinese steelmakers' overall sales revenues up slightly in Jan-July

    Date:2013/08/30

    The China Iron and Steel Association (CISA) has announced that in the first seven months of the current year the aggregate gross profit of its member enterprises amounted to RMB 4.943 billion ($808 million). Meanwhile, in the given period the sales r...

  • WISCO’s net profit rises by 141 percent in H1

    Date:2013/08/28

    On August 26, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Co. (WISCO) issued its financial results for the first half of the current year. In the given period, WISCO's operating revenue amounted to RMB 44.398 billion ($7.25 bill...

  • Baosteel to invest further RMB 12 billion in Zhanjiang Steel project

    Date:2013/08/27

    Major Chinese steelmaker Baosteel has announced that it will invest a further RMB 12 billion ($1.96 billion) in its Guangdong Province-based Zhanjiang Iron and Steel Co. project, in order to support the construction of the project. Accordingly, the i...

  • Iron ore inventory at Chinese ports shows significant rise

    Date:2013/08/29

    As of August 27, inventory of iron ore at 25 major Chinese ports amounted to 73.431 million mt, indicating an increase of 1.866 million mt or 2.6 percent week on week, as announced by China's Xinhua News Agency on August 27. As of the same date,...

  • Baosteel’s steel product output to decrease in H2

    Date:2013/08/28

    Dai Zhihao, general manager of major Chinese steelmaker Baosteel, has stated that in the second half of the current year Baosteel's steel product output is expected to decrease due to overhaul work on its blast furnace No. 3 and on its hot and c...

  • Taigang Stainless raises stainless prices for September

    Date:2013/08/26

    Taigang Stainless, the largest stainless steel producer in China released its list prices for September.The company decided to hike the price for 304 grade cold rolled and hot rolled stainless steel products by RMB1,500/ton and RMB1,200/ton respectiv...

  • Chinese industrial enterprises’ gross profits up 11.1% in Jan-July

    Date:2013/08/29

    As announced by China's National Bureau of Statistics on August 27, in the first seven months this year the aggregate gross profits of large and medium-sized industrial enterprises in China reached RMB 3.00322 trillion ($490.5 billion), rising b...

  • Stainless steel stocks fall in Chinese Wuxi market

    Date:2013/08/28

    According to local resources, the stocks of stainless steel products totaled 165,114 tons in the first half of August, falling by 8.49% from the previous 15 days.Among them, 81,453 tons were cold rolled stainless steel products, falling by 10.68% and...

  • China’s exports of stainless steel flats up by 6% in July

    Date:2013/08/26

    According to data released by Chinese customs, China’s exports of stainless steel flat products totaled 179,752 tons in July, rising by 6.3% from a month ago.In July, the country’s exports of stainless steel flats made to Taiwan totaled 65,236 tons, ...

  • Shagang inks supply agreement for custom-made pipelines with Iranian client

    Date:2013/08/29

    It’s reported that Jiangsu-Province based Shagang, has inked an supply agreement with its client in Iran for 20,000 tons of pipeline with thickness of 15.7mm and width of 4,388mm after the deal with Iran for 120,000 tons of X70 pipelines custom-made ...

  • Tangshan Steel’s HDG sales double in Jan-Jul

    Date:2013/08/28

    Tangshan Steel, the subsidiary of Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group announced that its sales of hot dipped galvanized (HDG) products totaled 35,774 tons in the first seven months of this year, more than double from th...

  • Shougang sees net loss of RMB 269 million in H1

    Date:2013/08/26

    On August 22, Beijing-based Chinese steel producer Shougang Group announced its financial results for the first half of the current year. Accordingly, in the given period Shougang recorded a net loss of RMB 269 million ($43.94 million), compared to a...

  • Chinese Hebei Steel hikes rebar contract prices for August

    Date:2013/08/29

    It’s reported that the Chinese steelmaker Hebei Steel announced its rebar contract prices for August.Hebei Steel decided to raise its contract prices for HRB400 rebar with diameter of 18mm-25mm by RMB30/ton to RMB3, 480/ton for August.Industry source...

  • Chinese shipbuilding industry suffering from overcapacity as orders shrink

    Date:2013/08/27

    Mr Chen Bin an official from the National Development and Reform Commission the country's top economic planner said that shipbuilding industry faces a severe situation after the financial crisis in 2008, due to the dwindling global shipping mark...

  • Shandong Steel records reduced net loss in H1

    Date:2013/08/26

    Shandong Province-based Chinese steelmaker Shandong Iron and Steel Co. has announced its financial results for the first half of the current year. Accordingly, in the first half this year Shandong Steel's operating revenue amounted to RMB 36.714...

  • China’s welded steel pipe production fall in July

    Date:2013/08/29

    According to data released by the National Bureau of Statistics (NBS), China’s daily output of welded steel pipes averaged at 136,516 tons in July, decreasing by 9% from a month ago but rising slightly by 0.5% year on year.In July, China’s welded ste...

  • Quintain Steel hikes wire rod prices for September

    Date:2013/08/27

    It’s reported that Quintain Steel, one of the major wire rod producers in Taiwan released its list prices for September on August 23rd.Quintain Steel decided to raise the list prices for all its wire rod products by NT$1,000/ton for September, in ord...

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