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Date:2013/04/09
Global producers said they will continue to invest in China because the country's urbanization and industrialization will continue to support iron ore demand.
Fortescue Metals Group Ltd, Australia's third-biggest iron ore producer, will inv...
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Date:2013/04/08
Jiangling Motors Corp Ltd one of China's major carmakers has said that its auto sales increased 16.34% YoY to 25,600 units in March this year.In a statement filed with Shanghai Stock Exchange, the automaker saw its sales of Ford commercial vehic...
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Date:2013/04/03
Baoshan Iron and Steel Co Ltd, known as Baosteel , the nation's largest listed steel maker, has shown its resilience amid the economic slowdown after posting a 10.39 billion yuan (1.65 billion) net profit in the 2012 fiscal year, the Shanghai -b...
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Date:2013/04/09
China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan announced to raise its export prices for steel sheets by￥7,000/ton averagely to Japan for May-July shipments.In fact, CSC had increased its prices for hot rolled, cold rolled and pickle...
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Date:2013/04/08
According to the financial reports they released Tuesday, Bayi Iron and Steel Group as well as Hongxing Iron and Steel Co saw their profits slump 67.96% and 68.1% respectively in 2012 relative to the previous year, marking the latest signs that depre...
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Date:2013/04/03
China’s demand for iron ore this year is expected to reach 1.14bn tons with imports accounting for 770m tons, Li Xinchuang, deputy secretary-general of the China Steel Association, said during an industry conference yesterday.Imports have increased f...
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Date:2013/04/08
Taiwanese largest steelmaker, China Steel Corp. (CSC) reported that its operating revenue in 2012 was registered at NT$207.19 billion, while net income reached NT$5.81 billion.CSC announced that it will start renewing its blast furnace No.1 in the cu...
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Date:2013/04/03
On April 2, Liaoning Province-based Chinese steelmaker Angang Steel Co. (Ansteel) announced that its net profit for the first quarter this year is expected to reach RMB 550 million ($88.42 million). In 2012 and 2011, Ansteel recorded respectiv...
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Date:2013/04/03
Bayi Steel, a leading Chinese steel producer and also a subsidiary of Baosteel Group has already initiated its Nanjiang iron and steel base production project since the beginning of construction from two years back for expansion.This project is mainl...
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Date:2013/04/03
China’s Ministry of Commerce (MOC) has announced that during last week (March 25-31) the average steel price in China decreased by 0.2 percent compared to the previous week. In particular, in the given week prices of 12 mm diameter rebar, 80 m...
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Date:2013/04/01
According to data released by Taiwan’s customs, Taiwan’s import prices of small-diameter wire rods (diameters less than 14mm) averaged at NT$18,346/ton in February, rising by NT$861/ton from a month ago.Market insiders pointed out that the better mar...
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Date:2013/04/03
It is reported that Dragon Steel, a subsidiary of Taiwan's China Steel Corp. (CSC) announced the new billet price for April.Due to decreased rebar prices, Dragon Steel decided to cut its domestic billet prices by NT$400/ton for April. After the ...
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Date:2013/04/01
According to the annual reports of 12 public steel companies in China, 5 steel company's annual loss together had reached RMB11.454 billion (US$1.85 billion).The 5 steel companies are Angang, Magang, Anyang Steel, ST Shaogang and Chongqing Steel...
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Date:2013/04/03
It is reported that China’s Baosteel predicts the steel market will expect to improve this year but the steel production capacity will keep flat due to overcapacity problem would remain serious.The company is optimize to see the demand of its product...
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Date:2013/04/01
The global steel industry will probably suffer an overall loss this year because demand is not strong enough to boost prices, the vice president of Indian giant Tata Steel said yesterday.
Balasubramanian Muthuraman forecast on the sidelines of an Ind...
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Date:2013/04/02
Yunnan Province-based Chinese steelmaker Kunming Iron and Steel Co. Ltd. (KISC) has announced that it plans to issue medium-term bonds worth RMB 1.1 billion ($175 million) on April 9. The period of issuance of the short-term bonds is five years, with...
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Date:2013/04/01
It’s reported that the spot iron ore prices have remained stable recently.At present, the spot prices of Indian iron ore fines contain 63.5% Fe are at US$138.5~US$139.5/ton C&F, remaining unchanged from the previous.Meanwhile, it’s known that the...
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Date:2013/04/02
Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Co. Ltd, (WISCO), a subsidiary of Wuhan Iron and Steel (Group) Corp., announced that in March this year, its tire cord steel output amounted to 38,500 mt. In January- March 2013, the...
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Date:2013/04/01
It’s reported that the Chinese steelmaker Ansteel announced its financial result for 2012. In 2012, the company realized a net loss of RMB4.157 billion, slumping from a net loss of RMB2.146 billion in 2011. At the same time, the company’s operating r...
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Date:2013/04/02
As of March 29, inventory of the main finished steel products (plate, hot rolled coil (HRC), cold rolled coil (CRC), rebar and wire rod) in the major steel markets in China totaled 21.927 million mt, down 154,000 mt week on week and registering the s...