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Date:2013/08/07
It’s reported that August is the peak period time for electric furnace (EF) rebar mills in Taiwan to have the annual maintenance.It’s known that at least four rebar mills will suspend production for 7~15 days for the annual maintenance. Accordingly, ...
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Date:2013/08/07
Wuhan Iron and Steel Group (Wisco), a Hubei Province and reputable large state-owned integrated steel company has owned 60% shares and begins its biggest iron ore project in Liberia Africa, mainly to achieve nearly 1 million tons of iron ore in the f...
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Date:2013/08/05
The Chinese steelmaker Shagang announced to raise its domestic prices for hot rolled coil (HRC) by RMB170/ton for August.After the adjustment, its list prices for Q235 HRC with thickness of 5.5mm are at RMB3, 700/ton with 17% VAT.Besides, Shagang hik...
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Date:2013/08/06
Reuters reported that Shanghai steel futures edged up on Thursday, backed by official data showing manufacturing activity in China unexpectedly picked up in July, but the modest gains reflect a tentative outlook for steel demand in the world's t...
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Date:2013/08/01
China's iron and steel industry reported a loss of 699 million yuan (about 113 million U.S. dollars) in June, the first monthly deficit that the overcapacity-troubled industry has seen this year.
For the first half, the profits of members of the...
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Date:2013/08/05
According to data released by China Customs, China’s exports of seamless steel pipes totaled 425,632 tons in June, decreasing by 9% from a month ago and falling by 12% year on year.In the first half of this year, the country’s exports of seamless ste...
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Date:2013/08/06
China Steel Corp. (CSC), the major blast furnace mill in Taiwan said that the company has saved its operating costs by NT$1.5 billion in the first quarter of this year and saved another NT$1.1 billion in the second quarter.In order to win for more ex...
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Date:2013/08/01
Domestic steel makers expanded their output blindly in the first half despite sliding profits, which led to a severely unbalanced demand/supply relationship and may damage their financial safety, a report warned on Monday.
The total assets of major C...
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Date:2013/08/05
According to statistics, the stocks of stainless steel products totaled 180,427 tons in the last 10 days of July, down by 0.79% from the previous 10 days.Among them, 91,197 tons were cold rolled stainless steel products, down by 0.01% and 89,230 tons...
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Date:2013/08/06
Zhang Changfu, vice chairman of the China Iron and Steel Asociation (CISA), has recommended the cancellation of the exemption from three percent import tax for wear-resistant steel as well as the cancellation of the exemption from 17 percent value ad...
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Date:2013/08/01
The steel and cement sectors are among the key targets of an overall plan to reduce overcapacity, which has been completed by the National Development and Reform Commission and the Ministry of Industry and Information Technology, the China Securities...
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Date:2013/08/02
Taigang Stainless, the largest stainless producer in China announced to remain its domestic prices for austenitic and ferritic hot rolled and cold rolled coils unchanged for August.After announcement, its ex-work prices for 304 grade hot rolled plate...
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Date:2013/08/06
On August 2, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Co. (WISCO) announced that the first phase of the Bong mine iron ore project in Liberia was successfully commissioned on July 30. WISCO owns a 60 percent stake in the p...
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Date:2013/08/01
On July 31, Hunan Province-based Chinese steelmaker Hengyang Valin Steel Tube Co. (Hengsteel), a subsidiary of Hunan Valin Iron and Steel Group Co., announced that in the first half of the current year its domestic order volumes amounted to 343,000 m...
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Date:2013/08/02
According to data released by the Hebei Metallurgical Industry Association, Chinese Hebei Province exported 7.2203 million tons of finished steel products in the first half of this year.In the given period of time, Hebei Province’s imports of finishe...
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Date:2013/08/06
In January-May this year, total gross profits of the ferrous metal smelting, rolling and processing sector in China were up 34.28 percent year on year, as announced by China's National Development and Reform Commission (NDRC). In the given perio...
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Date:2013/08/01
On July 29, Shanxi Province-based Chinese steelmaker Taiyuan Iron and Steel (Group) Co. (TISCO) announced that a successful hot run test was completed at its new ultra-fine steel slag production line No. 2 on July 22, with TISCO now possessing the wo...
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Date:2013/08/02
With growth already heading for a 23 year low, a hard landing would batter commodity markets, hurting mineral exporters like Australia, Brazil and South Africa and miners such as BHP Billiton Ltd and Rio Tinto Group, that have begun to slow expansion...
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Date:2013/08/06
In the first half of the current year, China's total crude steel output was 390 million mt, up 7.4 percent year on year, according to a report on overall Chinese industry in the given period released by China's Ministry of Industry and Info...
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Date:2013/07/31
A successful hot run test was carried out on July 28 on the new steel bar production facilities of Shaanxi Province-based Chinese steel producer Hanzhong Iron and Steel Co. (Hanzhong Steel), a subsidiary of Shaanxi Steel Group, as announced by Beijin...