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Date:2013/05/27
BaoSteel announced that it has established an industrial online supermarket. BaoSteel Co Ltd material and spare part procurement department, after adequate market research and planning, based on procurement and supply chain system and procurement E c...
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Date:2013/05/27
Reportedly, iron ore stockpiles at Chinese ports keep rising on dropping iron ore demand by unfavorable economic conditions.Inventories of imported iron ore at 25 major Chinese ports totaled 72.49 million tons from May 14-20, increased by 0.81% from ...
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Date:2013/05/24
An expert said that rising stockpiles of iron ore at Chinese ports indicates dropping iron ore demand due to unfavorable economic conditions. Inventories of imported iron ore at 25 major Chinese ports stood at 72.49 million tonnes from May 14 to May ...
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Date:2013/05/27
Jiangsu Province-based Shagang Group has announced that by May 24 it will have shipped a further 70,000 mt of X80M grade line pipes to Russia, completing deliveries of a total of 250,000 mt for the contract in question. On May 10, a shipment of 30,00...
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Date:2013/05/22
It’s reported that Baosteel Stainless and Ningbo Baoxin Stainless Steel, the two subsidiaries of the Chinese steel giant Baosteel Group released its export prices for May recently.It’s learned that Baosteel Stainless decided to cut its export prices ...
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Date:2013/05/23
It’s reported that Feng Hsin, one of the major steel long product makers in Taiwan announced to cut its scrap purchasing prices on May 22nd, affected by poor rebar sales.The company decided to reduce scrap purchasing prices by NT$200/ton to NT$10,500...
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Date:2013/05/27
Shandong Province-based Chinese steelmaker Rizhao Steel Holding Group Co. has announced that on May 23 its high-speed wire rod project No. 3 in Yingkou in Liaoning Province successfully underwent a hot run test and produced its first batch of wire ro...
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Date:2013/05/22
Affected by the price dip of steel flat products in the Taiwanese steel market, the prices of carbon steel pipes have already decreased NT$600/ton in May. It’s known that the Taiwanese steel pipe mills have offered some promotions to stimulate the de...
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Date:2013/05/23
Iron ore will fall another 8 percent in the next several months as steel mills in China, the biggest importer, shut down because of maintenance, power rationing and squeezed profits, according to Deutsche Bank AG. Prices may fall about $10 a dry metr...
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Date:2013/05/27
According to a report released by China's Ministry of Finance on May 22, in the January-April period of the current year the aggregate gross revenue of China state-owned enterprises totaled RMB 14.0015 trillion ($2.28 trillion), up 10.2 percent ...
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Date:2013/05/22
Reportedly, Taigang Stainless, the largest stainless steel producers in China planned to increase its export price by US$10/ton for July shipment. After prices adjustment, the export prices for 430 grade cold rolled and hot rolled stainless steel wer...
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Date:2013/05/23
China imported 32.28 million mt of iron ore from Australia in April, up 27% year on year and up 0.3% from March, data released Wednesday by the General Administration of Customs showed.Australia remained the top supplier of iron ore to China, account...
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Date:2013/05/24
Under the pressure of massive debt, the spin-off of the former Ministry of Railways' state owned company China Railway Corp is set to issue bonds to finance railway investment.CRC said on May 16 it would issue CNY 20 billion of five year notes o...
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Date:2013/05/21
Magang (Group) Mineral Resource Industry, the mining subsidiary of Magang, expects to produce 5 million tonnes of finished products (processed iron ore products, not in the initial state of crude ore, including concentrates, pellet, sintered ore) in ...
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Date:2013/05/23
On May 21, Xinjiang autonomous region-based Chinese steelmaker Xinjiang Kingtec Steel Co., a subsidiary of state-owned company Xinjiang Cathay International Group, announced that its planned issue of enterprise bonds worth a total of RMB 550 million ...
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Date:2013/05/24
East China's Anhui province witnessed a sharp fall in profits of its energy industry in the first quarter, the Bureau of Statistics of Anhui Province announced yesterday.Profits fell over 60% in the province's energy and new energy industri...
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Date:2013/05/21
According to the statistics released by the Taiwan Ministry of Economic Affairs, in April this year Taiwan's basic metal and basic metal product export orders amounted to $2.3 billion, down 3.1 percent compared to the previous month and falling ...
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Date:2013/05/23
Taigang Stainless, the largest stainless steel producer in China announced to cut its domestic prices for austenitic hot rolled coils (HRC) and cold rolled coils (CRC) by RMB500/ton and RMB800/ton respectively for June in order to reflect lower nicke...
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Date:2013/05/24
As per the latest release of worldsteel, the production of hot metal through blast furnaces globally increased by 4.4% YoY during January to April 2013 periodBut the numbers confirm that China is driving this growth, where hot metal production in 4 m...
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Date:2013/05/21
Due to the slack demand from the South Korean pipe-making industry, with no sign that Chinese domestic hot rolled coil (HRC) price stopped falling, Chinese HRC export to South Korea is facing a hard time.Currently, Chinese HRC including Boron is quot...