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Date:2013/05/23
It’s reported that Benxi Steel released its price policy for June recently.The company decided to cut the prices for hot rolled plates/coils by RMB200/ton. Also, it reduced the prices for cold rolled sheets/coils and galvanized steel sheets by RMB100...
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Date:2013/05/24
Shanghai-based Chinese steelmaker Baoshan Iron and Steel Co. Ltd (Baosteel) has announced that as of May 21 it has completed its share buyback program.
The company has spent a total of RMB 5 billion ($806 million), including commissions, to buy back ...
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Date:2013/05/21
According to statistics released by China Iron and Steel Association (CISA), China’s daily crude steel output totaled 2.193 million tons in the first 10 days of May, rising by 3% from the previous 10 days.Meanwhile, the CISA member mills’ daily crude...
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Date:2013/05/22
China's Ministry of Commerce (MOC) has announced that during last week (May 13-19) the average steel price in China decreased by 0.4 percent compared to the previous week.
In particular, in the given week prices of 500 mm x 200 mm H-beam, 12 mm ...
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Date:2013/05/24
At the end of the first quarter of this year, the liabilities of 30 major listed steelmakers in China totaled RMB 759.476 billion ($122 billion), up RMB 26.9 billion ($4.3 billion) year on year, as stated by Sheng Zhicheng, deputy secretary-general o...
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Date:2013/05/21
On May 17, construction work started on the blast furnace project at Chinese steel producer Baosteel's Zhanjiang steel base, as announced by Beijing-based state-owned China Metallurgical Group Corporation (MCC). CISDI Group Co., a subsidiary of ...
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Date:2013/05/22
On May 20, Shandong Province-based Chinese steelmaker Rizhao Iron and Steel Co. announced that it has supplied 1,700 mt of rebar for the Chuma highway project in China's Anhui Province since April 20. The highway project in question extends over...
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Date:2013/05/21
Construction work has been completed on the metal packaging production line project of Qian'an, Tangshan, Hebei Province-based Siwen Kede Matal Packaging Technology Co. and production operations have commenced, as announced by the local governme...
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Date:2013/05/22
As of May 20, inventory of iron ore at 25 major Chinese ports amounted to 72.49 million mt, indicating an increase of 585,000 mt or 0.81 percent on week-on-week basis, as announced by China's Xinhua News Agency.
As of the same date, the Xinhua-C...
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Date:2013/05/20
Hebei Province-based Chinese steel producer Tangshan Iron and Steel Co., a subsidiary of Hebei Steel Group, has witnessed an increasing trend in monthly sales of hot rolled electrical steel from March to May this year, as announced by Hebei Steel Gro...
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Date:2013/05/20
Due to slow demand for steel, China's steel makers have been selling iron ores back into the market.Some traders estimated that over the past two weeks, Chinese mills have resold up to 3 million tons of iron ores back into the spot market.These ...
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Date:2013/05/20
Iron ore market continued on the corrective course by the weekend chipping of 5% value in May.A thudding 18% fall since February there doesn’t seem to be any light down the tunnel. Surprisingly the import volume touched an all time high of 67 million...
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Date:2013/05/17
The China Iron and Steel Association (CISA) has stated that in April this year China's average aggregate daily crude steel output totaled 2.1883 million mt, up 2.32 percent month on month, constituting the highest level in recent years, while ov...
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Date:2013/05/20
On May 16, Tianjin, China-based Tianjin Metallurgical No. 3 Steel & Youfa Iron and Steel Corp.'s blast furnace No. 2, designed by Huatian Engineering and Technology Co., a subsidiary of China Metallurgical Group Co. (MCC), successfully produ...
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Date:2013/05/17
Hebei Province-based Chinese steelmaker Chengde Iron and Steel Co., a subsidiary of Hebei Iron and Steel Group, has announced that in April of the current year its rebar plant produced 50,293 mt of rebar, including precision rolled rebar, SAE1008B re...
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Date:2013/05/20
As the largest importer of raw material in the world, manufacturing activity in China is one of the most significant key drivers of shipping companies’ performance. When manufacturing activity falls, China will import less dry bulk raw materials, suc...
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Date:2013/05/16
According to the report “China – Latin America Monitor” issued by Alacero –Latin American Steel Association- for the first quarter of 2013, a new trend might be arising when destinations of steel flows from the Asian country to the region are conside...
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Date:2013/05/20
According to data released by China’s Ministry of Industry and Information Technology (MIIT), the steel enterprises in the Chinese Hebei provinces realized the aggregate gross profits of RMB9.02 billion in the first quarter of this year, jumping by 3...
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Date:2013/05/16
Iron ore prices will remain strong into 2014 on sustained demand in China, the largest producer of steel, and as an increase in global supply takes longer than expected, according to Morgan Stanley. While the price has averaged $135 a ton this quarte...
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Date:2013/05/20
According to local sources, the stocks of stainless steel products totaled 186,083 tons in the first 10 days of May, rising by 4.18% from the previous 15 days.Among them, 100,569 tons were cold rolled stainless steel products, rising by 2.37% and 85,...