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Date:2013/08/12
In the January-July period of this year, China's total fixed asset investment (excluding rural households) amounted to RMB 22.1722 trillion ($3.6 trillion), up 20.1 percent year on year, the same as the year-on-year growth recorded in January-Ju...
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Date:2013/08/12
In July of the current year, China's producer price index (PPI) decreased by 2.3 percent year on year and was down 0.3 percent month on month, according to data released by China's National Bureau of Statistics (NBS) on August 9. In the Jan...
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Date:2013/08/12
It’s reported that the spot iron ore prices have continued rising recently.At present, the selling prices of Indian iron ore contain 63.5% Fe to China are at US$134.25~US$135.25/ton CFR, rising by US$1.5/ton from the previous selling prices.Meanwhile...
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Date:2013/08/08
The liquidators of Pioneer Iron and Steel Group have sued Ms Diana Chen Ningning, the granddaughter of a former Chinese minister, her mother and other parties for CNY 4.12 billion (HKD 5.16 billion).They allege this is the amount stolen from the bank...
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Date:2013/08/12
It's reported that China's iron ore imports hiked by17% to 73.14 million tons from 4 month low of 62.3 million tons in June, hitting a record high in July as steel demand surprisingly rebounded during the summer.Analysts were surprised by t...
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Date:2013/08/08
China's iron ore prices rose slightly in July driven by increases in steel prices in the domestic market, and are likely to remain volatile in the coming months as the steel output declines, an industry association said.The China Iron Ore Price ...
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Date:2013/08/09
It is reported that Wuhan Steel joins hand with Cherry to build an auto parts production base, which is expected to put into operation next year. The production base will be mainly engaged in auto stamping parts. Wuhan Steel takes shares in the produ...
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Date:2013/08/08
It’s reported that Chinese Zhejiang-based stainless steel pipe maker Jiuli Hi-tech Metals planned to initiate hot trails of large-diameter welded pipe mill with annual capacity of 20,000 tons in late September.It’s expected that the new mill will boo...
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Date:2013/08/09
The Ministry of Industry and Information Technology (MIIT) is reviewing a second batch of domestic steel firms.
The move aims to phase out mills that cannot meet certain standards.
The reviewing process for the second batch is scheduled to be complet...
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Date:2013/08/08
Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Group Co. (Ansteel) has announced that on August 6 construction work started on its high-strength galvanized auto steel sheet project in Yufu Industrial Park in Liangjiang New Area in C...
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Date:2013/08/09
China's oversupply of aluminum may escalate in the second half of 2013 as more new capacity is set to come on stream, further reducing the need for imports by the world's top consumer and producer of aluminum. According to official data, th...
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Date:2013/08/08
The auto parts joint venture plant of Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corporation (WISCO) with Chinese automobile manufacturer Chery Corporation has commenced production operations ahead of schedule, according to ...
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Date:2013/08/09
The Stainless Steel Tube Trade Advancement Committee (SSTTAC) said Wednesday that it has completed market research of Chinese trade practices in selling seamless stainless steel pipe and tube in the US market and the data confirms substantial underse...
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Date:2013/08/08
An insider from China's Ministry of Industry and Information Technology (MIIT) has disclosed that the ministry is carrying out checks on a second batch of domestic steel enterprises to see whether they conform with required standards in the Chin...
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Date:2013/08/09
Angang Steel Company, listed on Shenzhen Stock Exchange, announced on August 7 that its leading shareholder Anshan Iron and Steel Group Corporation has planned to increase the shareholding in the company, acquiring less than 2 percent shares within t...
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Date:2013/08/07
According to data released by the China Nonferrous Industry Association (CNIA), China’s aluminum production totaled 10.58 million tons in the first half of this yea,r rising by 7.9% year on year.It’s expected that China’s aluminum production will con...
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Date:2013/08/09
Major Chinese steelmaker Baosteel announced on August 8 that it has commissioned the third phase of grain oriented silicon steel project. The third phase with an annual production capacity of 300,000 mt helps Baosteel to reduce cost and improve marke...
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Date:2013/08/07
On August 6, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) announced that in July this year its outputs of pig iron, crude steel and finished steel amounted to 845,200 mt, 895,400 mt and 872,200 mt, up 4.49 percent...
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Date:2013/08/07
Henan Province-based Chinese steelmaker Zhongyuan Special Steel Co. has issued its financial results for the first half of the current year, indicating a net profit of RMB 32 million ($5.23 million), down 732.93 percent compared to the same period in...
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Date:2013/08/07
China's Ministry of Commerce (MOC) has announced that during last week (July 29-Aug 4) the average steel price in China declined by 0.2 percent compared to the previous week.
In particular, in the given week average prices in China of 12 mm reba...