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Date:2013/02/06
China's Ministry of Commerce (MOC) has announced that during last week (January 28-February 3) the average steel price in China increased by 0.2 percent compared to the previous week.
In particular, in the given week prices of 6.5 mm dia...
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Date:2013/02/04
In January this year, the average prices of residential housing in 100 major cities in China rose by one percent compared to December, rising to RMB 9,812 per square meter, as announced on February 1 by the China Index Academy, a Beijing-based real e...
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Date:2013/02/06
The new alloy steel bar project of Chinese steel producer Tianjin Rongcheng Iron and Steel United Group Co., Ltd officially commenced production on February 2, as announced by Beijing-based state-owned Metallurgical Corporation of China Ltd (...
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Date:2013/02/01
It is reported that Chinese Wuhan Iron & Steel Group (Wisco) has announced to achieve 100% iron ore self-sufficiency within 3-5 years based on its domestic and overseas projects. Currently, China needs approximately 32 million tons/year of iron o...
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Date:2013/02/05
China's purchasing managers' index (PMI) for its domestic manufacturing sector was at 50.4 percent in January, down 0.2 percentage points compared to December last year, according to the figures released by China’s National Bureau o...
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Date:2013/02/01
It is reported that Tang Steel, one of the group unit of China's HBIS, has produced its first lot of HRB 500 high strength rebar successfully from its No.2 roll plant for its oversea customer recently. The diameter of the rebar production is 25 ...
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Date:2013/02/05
As of February 1, 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 15.491 million mt, up 695,000 mt compared to the previous w...
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Date:2013/02/01
Liaoning Province-based Chinese steelmaker Angang Steel Co. (Ansteel) has issued its estimated financial results for 2012, announcing a total net loss of RMB 4.16 billion ($662 million), compared with a net loss of RMB 2.146 billion in 2011. A...
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Date:2013/02/01
On January 31, Shandong Province-based Shandong Iron and Steel Co. issued its anticipated financial results for 2012. Accordingly, Shandong Steel has estimated a net loss of RMB 3.57 billion ($568 million) for 2012, compared to a net profit of...
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Date:2013/02/01
On January 31, Hebei Province-based Chinese steelmaker Hebei Iron and Steel Co., Ltd issued its preliminary financial results for 2012. Accordingly, Hebei Steel has posted an estimated net profit of RMB 13.8-345.7 million ($2.2- 55 million) fo...
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Date:2013/02/01
Jiangsu Province-based Chinese steelmaker Zhangjiagang Yangtze Cold Rolling Co., a subsidiary of Shagang Group, has carried out a successful hot run test on its new continuous pickling line unit No. 1, which is part of its 1,420 mm cold rolling proje...
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Date:2013/01/30
On January 29, Jiangxi Province-based Chinese steelmaker Xinyu Iron and Steel Co. issued its estimated financial results for 2012. According to its preliminary calculations, Xinyu Steel recorded a net loss of RMB 950-1,050 million ($151-167 mi...
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Date:2013/01/29
As of January 25, inventory of the main finished steel products (plate, hot rolled coil (HRC), cold rolled coil (CRC), rebar and wire rod) in major steel markets in China totaled 14.796 million mt, up 450,000 mt compared to the previous week and cons...
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Date:2013/02/01
The China Iron and Steel Association (CISA) has stated that in 2012 the aggregate net profit of its 80 member steel enterprises in China totaled RMB 1.581 billion ($252 million), down 98.22 percent year on year. Meanwhile, last year the total ...
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Date:2013/01/30
Gansu Province-based Chinese steelmaker Hongxing Iron and Steel Co., a subsidiary of Gansu-based Jiuquan Iron and Steel Group (JISCO), has announced that it has raised funds worth RMB 8.058 billion ($1.28 billion) by issuing 2.172 billion shares to n...
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Date:2013/01/29
On January 28, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Co. (WISCO) announced that it has set up a trading office in the Russian capital Moscow after receiving approval from Russia’s justice ministry. Accordingly, the esta...
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Date:2013/01/31
According to statistics, Chinas imported 4.974 million tons of scraps in 2012, falling by 26.5% year on year, the lowest level since 2008.Among them, 3.08 million tons were from Japan, rising by 32.2%; 1.073 million tons were from the US, slumping by...
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Date:2013/01/30
On January 29, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Co. (WISCO) announced that it has won a tender to supply steel pressure pipes and pressure plates for Kajiwa Hydropower Station, located on the Muli River in Sichuan ...
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Date:2013/01/29
Feng Hsin, one of the major steel long produce manufacturers in Taiwan announced to remain its list prices for rebar, scraps and section steel unchanged for this week.After the price announcement, the company’s latest prices for rebar are at NT$18,90...
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Date:2013/01/31
Liu Jianxun, general manager of Jiangxi Province-based steel producer Pingxiang Steel (Pinggang), has announced that the company’s sales revenue in 2012 amounted to RMB 38.3 billion ($6.14 billion), while its net loss for the year was RMB 1.2 billion...