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Date:2013/07/18
It’s reported that China’s steelmaker Lingyuan Steel estimated that its net profits would be at RMB30~RMB40 million for the first half of this year, in comparison of net profits of RMB232 million in the same period of a year ago.Lingyuan Steel indica...
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Date:2013/07/18
Forecasts by China's major steel mills showed a mixed earnings outlook.
As of July 14, half of the 34 domestically listed steel makers had released their first-half earnings forecast.
Four predicted growing profits, three expected to turn to pro...
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Date:2013/07/18
Iron ore producers and trade rs face a weak market with falling prices, and analysts believe these conditions will persist through the third quarter.
During the first four months of the year, about 2.13 million metric tons of iron ore were unloaded a...
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Date:2013/07/16
Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) has announced that it has decided to purchase all outstanding shares in its Guyang mine in order to optimize its own asset structure. In 2012, the mine's output of...
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Date:2013/07/17
China Knowledge reported that Xiamen Tungsten Co Ltd has said that its unaudited net profit decreased 77.69% year on year to RMB 71.18 million in the first half of this year. Basic earnings per share for the period were at RMB 0.1, less than the RMB ...
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Date:2013/07/16
In the first half of this year, China's total investments in real estate development amounted to RMB 3.6828 trillion ($597 billion), up 20.3 percent year on year, with this growth rate down 0.3 percentage points compared to the increase rate rec...
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Date:2013/07/17
China's Ministry of Commerce (MOC) has announced that during last week (July 8-14) the average steel price in China rose by 0.1 percent compared to the previous week.
In particular, in the given week prices in China of 50 mm x 50 mm x 5 mm equal...
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Date:2013/07/16
Major Chinese steelmaker Hebei Iron and Steel Co. Ltd has announced a net profit estimate of RMB 39.34-118 million ($6.42-19.25 million) for the first half of the current year, down 70-90 percent from the net profit recorded in the corresponding peri...
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Date:2013/07/17
As of July 15, inventory of iron ore at 25 major Chinese ports amounted to 74.29 million mt, indicating a decrease of 1.52 million mt or two percent week on week, as announced by China's Xinhua News Agency.
As of the same date, the Xinhua-China ...
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Date:2013/07/16
In the first half of the current year, China's producer price index (PPI) decreased by 2.2 percent on year-on-year basis, according to data released by China's National Bureau of Statistics (NBS) on July 15.
Meanwhile, In June this year, C...
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Date:2013/07/17
It’s reported that China’s major steelmaker Hebei Steel estimated that its net profits would be at RMB39.34~RMB118 million for the first half of this year, slumping by 70%~90% from the net profits in the same period of a year ago.Hebei Steel stated t...
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Date:2013/07/16
In June this year, the total industrial value-added output of China's large and medium-sized enterprises was up 8.9 percent year on year and increased by 0.68 percent month on month, according to China's National Bureau of Statistics. The y...
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Date:2013/07/17
According to data released by China’s National Bureau of Statistics (NBS), China’s gross domestic product (GDP) totaled RMB24.8009 trillion in the first half of this year, increasing by 7.6% year on year.It’s known that the country’s GDP in the first...
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Date:2013/07/15
It’s reported that China’s Shagang announced to raise its rebar ex-work prices by RMB80/ton for deliveries between July 11st and July 20th. Also, this is the first rise over the past three months.After adjustment, its prices for HRB335 and HRB400 reb...
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Date:2013/07/17
China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan is going to release its prices for steel wires and bars for September on July 19th. Although CSC already cut prices for July/August, many screw makers hope CSC could decrease price furt...
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Date:2013/07/15
On July 11, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Co. (WISCO) announced that year to date it has received five subsidies worth a total of RMB 43.0393 million ($7 million) from government authorities at local and provincial leve...
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Date:2013/07/16
On July 13, Liaoning Province-based Chinese steelmaker Lingyuan Iron and Steel Co. announced an estimated net profit for the first half of this year in the range of RMB 30-40 million ($4.9-6.5 million), compared to a net loss of RMB 232 million in th...
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Date:2013/07/15
China's foreign trade is facing severe challenges and difficulties will continue or even increase in the second half of the year, according to Yao Jian, spokesman for China's Ministry of Commerce (MOC).
Although it was previously believed t...
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Date:2013/07/15
Reportedly, the Chinese steel giant Baosteel announced to cut its export prices for austenitic stainless steel coils by US$100/ton due to lower nickel prices.The official of Baosteel stated that the company decided to cut austenitic stainless steel c...
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Date:2013/07/15
Beijing-based state-owned China Metallurgical Corporation (MCC) announced that steelmaker Shougang Jingtang has started cold load tests at its cold rolling (CR) plant No. 3 on July 8th.It’s known that the CR plant No. 3 was built by China MCC20 Group...