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Date:2013/01/30
In 2012, China’s overall finished steel export volume amounted to 55.7321 million mt, up by 14.02 percent year on year, as stated by the China Iron and Steel Association (CISA). Three main product categories, including cold rolled products (cold roll...
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Date:2013/01/29
In 2012, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 5.5578 trillion ($885 billion), increasing by 5.3 percent compared to 2011, according to China's National Bureau of Statistics (NBS).
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Date:2013/01/31
China’s Ministry of Commerce (MOC) has announced that during last week (January 21-27) the average steel price in China increased by 0.1 percent compared to the previous week.
In particular, in the given week prices of 80 mm x 43 mm x 5 mm ch...
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Date:2013/01/30
An official from a large Chinese steel scrap processing enterprise has stated that they have received information that the Chinese government will reintroduce a VAT refund policy for domestic steel scrap processing enterprises for 2013, with a VAT re...
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Date:2013/01/28
It’s reported that the spot iron ore prices have continued rising recently.At present, the spot prices of Indian iron ore fine contains 63.5% Fe are at US$149.5~US$150.5/ton, rising by US$1/ton from a day ago while falling by around US$10/ton from th...
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Date:2013/01/31
On January 29, Jiangsu Province-based Nanjing Iron and Steel Union Co.(NISCO) issued its anticipated financial results for 2012. Accordingly, Nanjing Steel has estimated a net loss of RMB 580 million ($92 million) for 2012, compared to a net p...
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Date:2013/01/30
According to report, Chinese steelmakers keep replenishing iron ore that may push up iron ore price this week. But the profits may be cut since buyers may wait until the February holiday.Currently the buyer looks to buy at price about US$143~US$144/t...
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Date:2013/01/28
Hebei Province-based Chinese steelmaker Tangshan Iron and Steel Co., a subsidiary of Hebei Iron and Steel Group, has announced that its mill No. 2 has successfully produced its first batch of 25 mm HRB 500 high-strength rebar, amounting to a total of...
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Date:2013/01/31
On January 29, Liaoning Province-based Chinese steelmaker Benxi Iron and Steel (Group) Co. (Bengang) announced an estimated net profit of RMB 100-150 million ($16-24 million) for 2012, down by 81.15-87.43 percent year on year, with earnings per share...
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Date:2013/01/30
According to data released by China’s National Bureau of Statistics, the iron ore stocks at 30 major Chinese ports totaled 70.1 million tons as of January 25th, falling by 550,000 tons from a week ago.Among them, the iron ore imported from India drop...
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Date:2013/01/28
Hebei Province-based Chinese steelmaker Shijiazhuang Iron and Steel Co., a subsidiary of Hebei Iron and Steel Group, has issued its output results for 2012. Accordingly, Wang Liping, general manager of Shijiazhuang Steel, stated that in 2012 t...
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Date:2013/01/31
On January 29, Guangxi Zhuang Autonomous Region-based Chinese steelmaker Liuzhou Iron and Steel Co., Ltd issued its financial results for 2012. Accordingly, Liuzhou Steel has posted an estimated net profit of RMB 121 million ($19 million) for ...
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Date:2013/01/29
As of January 25, total iron ore inventory at 30 major Chinese ports amounted to 70.1 million mt, down 550,000 mt week on week and constituting the third consecutive week-on-week decrease, according to China’s National Bureau of Statistics. Meanwhile...
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Date:2013/01/28
German plantmaker SMS Meer has announced that it will supply a wire rod outlet for the special steel rolling mill of Jiangsu Province-based Chinese steelmaker Shenyuan Special Steel.
The mill has an annual production capacity of more than 180,000 mt ...
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Date:2013/01/31
In 2012, Sichuan Province-based Pangang Xichang Steel & Vanadium Co., a subsidiary of Sichuan-based Chinese steel producer Pangang Group, produced 5.98 million mt of pig iron, 5.4 million mt of crude steel and 21,100 mt of vanadium products, as a...
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Date:2013/01/29
In the January-November period last year, Jilin Province-based Chinese steelmaker Tonggang Group, a subsidiary of Chinese steel giant Shougang Group, produced 4.2312 million mt of pig iron, 3.8242 million mt of crude steel, and 4.0152 million mt of f...
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Date:2013/01/28
On January 25, Shandong Province-based Chinese steelmaker Rizhao Steel Holding Group Co. announced that in 2012 it supplied a total of 210,000 mt of hot rolled coil (HRC) to Anhui Province-based Chinese steel structure manufacturer Honglu Group, up 3...
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Date:2013/01/29
The China Iron and Steel Association (CISA) has stated that in mid-January (Jan. 11-20) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1,612,500 mt, down 3.73 percent compared to ...
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Date:2013/01/28
Anhui Province-based Chinese steelmaker Ma’anshan Iron and Steel Co. (Masteel) has announced that testing of 128 of its newly-developed steel wheels with 1.25 meter diameter for high-power train locomotives has been successfully completed in trials c...
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Date:2013/01/25
Reportedly, China aims to bring around 60 of total steel capacity under the control of its top 10 steel mills by 2015 as part of the plan to restructure its industries. The Ministry of Industry and Information Technology (MIIT) announced the encourag...