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Date:2013/07/01
Chinese steelmakers are dealing with a substantial oversupply problem that will likely force them to transform the way they do business.
A report posted on the China Iron and Steel Association (CISA)'s website on Monday said that a weak economic...
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Date:2013/06/27
Chinese imports of coal to generate electricity for summer is increasing demand for shipping as its stockpiles drop, according to Commodore Research & Consultancy.Two Capesizes and three Panamaxes were booked to carry coal to China today, compare...
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Date:2013/07/02
China's purchasing managers' index (PMI) for its domestic manufacturing sector was at 50.1 percent in June this year, down 0.7 percentage points compared to May, according to the figures released by China's National Bureau of Statistic...
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Date:2013/07/01
Jiangxi Province-based Chinese steelmaker Pingxiang Special Steel unexpectedly halted production on June 24 amid significant financial losses, shortages of cash and diverging views among investors as regards the future development of the company, as ...
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Date:2013/06/27
According to data of Taiwan’s customs, Taiwan’s wire rod exports totaled 19,041 tons in May, rising by 34.6% from 14,143 tons in April.Among them, 5,257 tons were exports to China, 3,682 tons were to Thailand and 3,522 tons were to Korea.Meanwhile, t...
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Date:2013/07/02
In May this year, China's aggregate metallurgical coke and ferroalloy outputs were up seven percent and 12.4 percent year on year respectively, as announced by China's National Development and Reform Commission (NDRC). Meanwhile, the countr...
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Date:2013/06/28
Reuters reported that China is set to release new plans soon to slim down bloated industries from steel to shipbuilding, but applying measures on the ground will be tough after years of lax oversight during a stimulus-fueled rush to expand in Asia�...
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Date:2013/06/27
According to data released by China’s National Bureau of Statistics (NBS), China’s rebar output totaled 16.84 million tons in May, higher than 16.49 million tons in April.The country’s daily rebar output averaged at 543,065 tons in May, down by 1.18%...
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Date:2013/07/02
It’s reported that Quintain Steel, one of the major wire rod producers in Taiwan announced to remain its list prices unchanged for July.After the announcement, its prices for blast furnace (BF) Al-killed wire rods are t NT$23,600/ton; those for rimme...
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Date:2013/06/28
As of June 25, 2013, Jiangsu Province-based Meishan Mining Co a subsidiary of Baosteel Group, has produced 2.2 million tonnes of crude ore, 1.4436 million tonnes of concentrates. The company also sold 1.48 million tonnes of concentrates and exported ...
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Date:2013/06/27
Major Chinese steelmaker Baosteel has held a meeting with Chinese power generation and electric equipment manufacturer Shanghai Electric Group focused on continuing the strategic cooperation between the two sides.
Shanghai Electric Group has seven li...
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Date:2013/07/02
Reportedly, Inner-Mongolia based Baotou Iron and Steel (Baogang) said that it sold more than 180,000 tons of steel products for the wind power sectors in the first five months of this year.Meanwhile, Baogang expected to receive commercial opportuniti...
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Date:2013/06/28
It is learnt from International Trading Company of Wuhan Steel Group that they have triumphantly becoming a global silicon steel supplier for Schneider Electric, another new overseas end users exploration for its high-end steel products following its...
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Date:2013/06/27
The recent soaring of the Shanghai Interbank Offered Rate (Shibor) has weakened investors' confidence in the capital markets and caused a sharp decrease in the Chinese stock market, while tighter controls on release of capital by banks in China ...
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Date:2013/07/01
Sichuan Province-based Chinese state-owned steel producer Panzhihua Iron and Steel (Pangang Group) has stated that in the current year up to June 26 its vanadium steel plant produced a total of 2,652,800 mt of crude steel, 13,800 mt above its targete...
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Date:2013/06/28
It’s reported that the spot iron ore prices have continued falling recently.At present, the spot prices of Indian iron ore fines contain 63.5% Fe to China have dropped to US$115.25~US$116.25/ton CFR, falling by US$1.5/ton from the previous US$116.75~...
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Date:2013/06/26
In May, China’s steel output rose by 7.3% and is up by 8% in 2013 so far. That is in contrast to a 4.7% decline in the European Union, a 5% decline in North America and a 1.7% decline in the Commonwealth of Independent States. On the face of it, a wo...
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Date:2013/06/28
According to statistics of China’s customs, the country’s exports of hot rolled coils (HRC) and sheets totaled 491,474 tons in May. The daily output was at 15,854 tons, falling by 2.8% from a month ago and decreasing by 14.6% year on year.In May, the...
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Date:2013/06/26
According to statistics released by the Chinese customs, China’s exports of stainless steel flat products totaled 175,089 tons in May, decreasing by 11.1% from a month ago.In May, the exports made to Taiwan, Korea and Vietnam dropped by 8.9%, 18.9% a...
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Date:2013/06/26
As of June 24, inventory of iron ore at 25 major Chinese ports amounted to 75.18 million mt, indicating an increase of 520,000 mt or 0.7 percent compared to June 17, as announced by China's Xinhua News Agency.
As of the same date, the Xinhua-Chi...