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Date:2013/04/10
The China Iron and Steel Association (CISA) has stated that in late March (Mar. 21-30) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1.6758 million mt, up 0.49 percent compared t...
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Date:2013/04/09
On April 7, Hunan Province-based Chinese steelmaker Hunan Valin Iron and Steel Co. issued its final financial results for 2012, indicating a net loss of RMB 3.25 billion ($518 million), compared to a net profit of RMB 70.14 million in 2011. In...
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Date:2013/04/10
China’s Ministry of Commerce (MOC) has announced that during last week (April 1-7) the average steel price in China decreased by 0.1 percent compared to the previous week. In particular, in the given week prices of 10 mm steel plate, 6.5 mm di...
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Date:2013/04/09
On April 7, Henan Province-based Chinese steelmaker Anyang Iron and Steel Group Co. announced that it will issue short-term bonds worth RMB 1.5 billion ($239 million) on April 15.The period of issuance of the short-term bonds is one year, with China ...
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Date:2013/04/07
A list of 45 Chinese steel enterprises that meet national iron and steel industrial standards was published Tuesday in the latest move to tackle excess production capacity that has plagued the sector.
The Ministry of Industry and Information Technolo...
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Date:2013/04/10
On April 8, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Co. Ltd (WISCO), a listed subsidiary of Wuhan Iron and Steel (Group) Corp., announced that it is establishing a joint venture with Tebian Electric Apparatus Stock India Co. (TBE...
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Date:2013/04/09
The Dashihe iron ore mine owned by Shougang Mining Co., a subsidiary of Beijing-based Chinese steelmaker Shougang Group, produced 118,200 mt of iron ore concentrate in March this year, exceeding the target for the month in question by 200 mt, as anno...
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Date:2013/04/07
In March this year, China’s State Council issued its new regulatory policy on the domestic real estate market, indicating that local governments should issue specific policies based on the State Council’s regulations. As of March 31, most cities in C...
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Date:2013/04/10
Hunan Province-based Chinese steelmaker Shengli Xianggang Steel Pipe Co. has announced that production operations in the first phase of its RMB 600 million ($96.46 million) steel pipe project are expected to begin in the second half of the current ye...
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Date:2013/04/09
Asian seaborne iron ore strengthened Monday after staying stable the last three trading days as buying interest resumed while tight spot ore availability and stronger rebar futures also gave a boost to prices.Platts assessed the 62% Fe Iron Ore Index...
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Date:2013/04/07
Chinese steel giant Angang Steel Co. (Ansteel) announced on April 2nd that it turned profitable in the first quarter this year with net profit expected to reach RMB 550 million.Ansteel dedicated its reform in the management and operations, focusing o...
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Date:2013/04/10
On April 9, Qinghai Province-based Chinese steelmaker Xining Special Steel Co. announced that it is investing RMB 10 million ($1.6 million) to establish a wholly-owned subsidiary in the city of Geermu in Qinghai Province for the purpose of strengthen...
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Date:2013/04/09
On April 8, Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group announced that in the first quarter of the current year its subsidiary Hebei Iron and Steel Group Mining Co. (Hebei Steel Mining) produced 1.8421 million mt of iron ore co...
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Date:2013/04/07
It’s reported that Inner Mongolia-based Chinese steelmaker Baogang announced to its crude steel output totaled 2.6372 million tons in the first quarter of this year, rising by 9.39% year on year.In the given period of time, the company’s production o...
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Date:2013/04/10
It’s reported that the Chinese steelmaker Baosteel’s crude stainless steel output was at around 100,000 tons in this March, lower than the average monthly output of 115,000~120,000 tons in 2012, due to weak demand.The official of Baosteel said that o...
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Date:2013/04/08
Hebei Province based Chinese steelmaker Hebei Iron and Steel Group has announced that in the first 3 months of this year its subsidiary Shijiazhuang Iron and Steel Co exported 82,000 tonne of finished steel up 16% YoY.In the given period, Shijiazhuan...
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Date:2013/04/07
Chung Hung Steel, one of the major re-rollers in Taiwan announced to cut its export prices for hot rolled coils (HRC) by US$10~US$15/ton for May deliveries.At the same time, the company announced to keep the CRC prices unchanged for May deliveries.Th...
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Date:2013/04/09
China's steel industry has to change from the capacity expansion-driven to the innovation-driven development model as the country upgrades its industrial structure, said Xu Lejiang, chairman of Baosteel Group Co, the country's largest liste...
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Date:2013/04/08
Baoshan Iron & Steel Co, China's most profitable steelmaker, said the glut in nation's steel market would not change in the short run and this would continue to weigh on the company's earnings this year.Baosteel posted JPY 191.14 b...
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Date:2013/04/07
According to statistics, the stocks of stainless steel products totaled 179,754 tons in the last 15 days of March, falling by 6.7% from the previous 15 days.Among them, 97,889 tons were cold rolled stainless steel products, decreasing by 6.02%; 81,86...