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Date:2013/03/22
On March 20, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Co. Ltd, (WISCO), a subsidiary of Wuhan Iron and Steel (Group) Corp., announced that it has received approval from China’s State-owned Assets Supervision and Administration Com...
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Date:2013/03/21
Yunnan Province-based Chinese steelmaker Kunming Iron & Steel Group Co. Ltd. (KISC) has announced that it plans to issue short-term bonds worth RMB 1.5 billion ($239 million) on March 22. The period of issuance of the short-term bonds is one year...
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Date:2013/03/22
Vancouver, British Columbia-based Canadian iron ore exploration company Alderon Resources Corporation has announced that China's largest steelmaker Hebei Iron and Steel Group Co., Ltd. (Hebei Steel) has contributed the remaining C$119.9 million ...
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Date:2013/03/21
It’s reported that the spot iron ore prices have dropped again recently.At present, the spot prices for iron ore fines contain 63.5% Fe are at US$135.25~US$136.28/ton C&F, down slightly by US$0.25/ton from the previous quotes of US$135.5~US$136.5...
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Date:2013/03/22
It is reported that China’s Anhui Shoukuang Dachang Metal Materials has got the approval of new bar/wire projects from the state’s National Development & Reform Commission to set up an annual production capacity to 3 million tons for long product...
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Date:2013/03/21
According to the World Steel Association (Worldsteel), in February this year the crude steel output of 63 countries surveyed across the globe reached 123.26 million mt, increasing by 1.2 percent compared to February 2012 and up four percent compared ...
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Date:2013/03/22
According to data, the stainless steel product stocks totaled 192,653 tons in the first 15 days of March, up by 1.5% from the previous 15 days.Among them, 104,158 tons were cold rolled stainless steel products, falling by 0.62%; 88,495 tons were hot ...
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Date:2013/03/20
On March 19, Beijing-based Chinese pipe producer Xinxing Ductile Iron Pipes Co. announced its financial results for 2012. Accordingly, in 2012 the company achieved an operating revenue of RMB 58.816 billion ($9.4 billion), up 11.97 percent, wh...
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Date:2013/03/22
Major Chinese steel companies achieved a total sales volume of 300.29 billion yuan ($47.74 billion) in January, up 16 percent year-on-year, according to data from the China Iron and Steel Association.
Eighty-six large and medium-scale producers poste...
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Date:2013/03/20
Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Co. (WISCO) has announced that it has won a tender to supply steel plate to China Petroleum Materials Co., Ltd for application in crude oil storage tanks aboard oil tankers. Accordingly, WI...
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Date:2013/03/21
It’s reported that Taigang Stainless, the largest stainless steel producer in China may cut its domestic stainless steel list prices for April shipments.Market participants forecasted that the company might reduce the prices by RMB1, 100/ton due to l...
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Date:2013/03/20
As of March 19, inventory of iron ore at 25 major Chinese ports amounted to 74.32 million mt, down 2.06 million mt or 2.7 percent on week-on-week basis, as announced by China’s Xinhua News Agency. As of March 19, the Xinhua-China Iron Ore Pric...
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Date:2013/03/21
It’s reported that Baosteel Stainless, one of the major stainless steel producers in China released its list prices for April.The company decided to cut its list prices for 304 grade cold rolled and stainless steel products by RMB800/ton and it decre...
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Date:2013/03/20
Reportedly, Chinese export price on cold rolled coils (CRC) fell by US$15~US$20/ton compared to the previous week due to the price decline of raw materials and the weak overseas orders.According to a CRC exporter in Shanghai that the export price for...
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Date:2013/03/21
It’s reported that Northern China’s Anshan Iron & Steel (Angang) cuts its April list prices. The company decided to cut list prices for hot rolled coil, steel plates and galvanized coils by RMB300/ton, RMB220/ton and RMB100/ton respectively. It i...
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Date:2013/03/20
According to estimates made by the China Iron & Steel Association (CISA), China’s daily crude steel output hit an all-time high of 2.085 million tons in the first 10 days of March, rising by 2.5% from late February.However, the daily crude steel ...
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Date:2013/03/21
China’s Ministry of Commerce (MOC) has announced that during last week (March 11-17) the average steel price in China decreased by 0.4 percent compared to the previous week. In particular, in the given week prices of 12 mm diameter rebar a...
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Date:2013/03/20
The stainless steel product stocks totaled 151,330 tons in the Chines Foshan market in the first 10 days of March, rising by 1.65% from late February, according to local sources.Among them, 76,243 tons were cold rolled stainless steel products, incre...
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Date:2013/03/20
Workers prepare reinforced steel bars for shipment in Nantong, Jiangsu province. China's demand for steel and iron ore is closely monito red as it largely serves as the secto r's barometer and affects the profitability of major mining firms...
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Date:2013/03/19
As of March 15, 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 22.508 million mt, up 192,000 mt week on week and constituting the 13...