-
Date:2013/01/18
China exported 2.1779 million tons of stainless steel products in the first 11 months of this year, soaring by 18.83% year on year.Accordingly, it’s estimated that the country’s exports of stainless steel products would be at 2.33 million tons in the...
-
Date:2013/01/22
Zhou Zhongshu, president of Beijing-based Chinese state-owned metals and mineral trading group China Minmetals Corporation, has announced that in 2012 China Minmetal’s operating revenue amounted to RMB 325 billion ($51.75 billion), down 8.5 percent y...
-
Date:2013/01/18
It’s reported that the majority of the steel mills in China posted lower profits in steel production in 2012, suffered by high raw material cost, weak market demand and oversupply problem. As results, the profit of steelmakers in Hebei province, nort...
-
Date:2013/01/17
Reportedly, China’s Baosteel and Korean auto components maker GNS Automotive planned to launch new auto sheet plant located in Hwaseong city, south of Korea’s industrial hub of Incheon. Meanwhile, the two companies have already signed MOU to build ne...
-
Date:2013/01/22
As of January 18, total iron ore inventory at 30 major Chinese ports amounted to 70.65 million mt, down 3.85 million mt week on week, according to China’s National Bureau of Statistics. Meanwhile, the total iron ore inventory on the given date was 27...
-
Date:2013/01/18
Jiangsu Province-based Chinese steelmaker Shagang Group has announced that in 2012 its sales revenue amounted to RMB 218 billion ($34.6 billion), up five percent year on year. Meanwhile, in 2012 the group achieved pre-tax profits of over RMB 5...
-
Date:2013/01/22
As of January 18, 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 14.346 million mt, up 329,000 mt compared to the previous week and cons...
-
Date:2013/01/17
According to data released by Taiwan’s customs, Taiwan imported 31,169 tons of wire rods in December, soaring substantially by 60.7% from a month ago. The import prices averaged at NT$17,805/ton, decreasing by NT$543/ton from November.Among them, the...
-
Date:2013/01/18
Chongqing-based Chinese steelmaker Chongqing Iron and Steel Co. (Chongqing Steel), a subsidiary of Chongqing Iron and Steel (Group) Co., has signed a shipbuilding steel supply agreement amounting to a total of 200,000 mt for 2013 with Jiangsu Provinc...
-
Date:2013/01/21
Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) has announced a sales revenue target of RMB 59 billion ($9.46 billion) and a consolidated net profit target of RMB 510 million ($81.7 million) for 2013. Additionally, B...
-
Date:2013/01/16
Last week, the wire rod prices rose in the Taiwanese domestic market, driven by rising raw material prices.At present, the transaction prices of single rolling mills’ Al-killed wire rods are at NT$22,000/ton; those of rimmed wire rods are at NT$21,50...
-
Date:2013/01/18
On January 16, Zhejiang Province-based Chinese steelmaker Hangzhou Iron & Steel Group Company (HISGC) announced that its sales revenue and net profit in 2012 totaled RMB 91.281 billion ($14.6 billion) and RMB 803 million ($128.7 million) respecti...
-
Date:2013/01/21
The China Iron and Steel Association (CISA) has stated that in early January (Jan. 1-10) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1,674,900 mt, up 3.8 percent compared to la...
-
Date:2013/01/16
Taiwan's China Steel Corp. (CSC) is going to release its January galvanized steel coil leeway allocation this week.Due to CSC’s price hike of NT$500/ton and some shortage sizes in the market, it is said that the reselling prices of CSC's GI...
-
Date:2013/01/18
China Nonferrous Metal Industry's Foreign Engineering & Construction Co., a subsidiary of Chinese state-owned metals company China Nonferrous Metal Mining (Group) Co., has announced that on January 13 it signed a $712 million dollar contract...
-
Date:2013/01/21
It’s reported that China Nonferrous Metal Industry's Foreign Engineering & Construction Co. said that the company has signed an agreement valued US$712 million with Iranian Butia Steel to establish a steel plant in Iran.Under the agreement, ...
-
Date:2013/01/16
It’s reported that the Chinese Rizhao Steel recently hiked its H beam export quotes substantially.The company increased export prices of boron-added H beam by US$30~US$35/ton to around US$580~US$585/ton CFR.Meanwhile, it’s predicted that the other st...
-
Date:2013/01/17
Taigang Stainless, the largest stainless steel producer in China announced to raise its domestic prices for stainless steel coils by RMB500/ton for February shipments.After the adjustment, the company’s ex-work prices for 304 grade hot rolled stainle...
-
Date:2013/01/21
Chinese Xinjiang-based Bayi Steel announced its financial results for 2012.In 2012, Bayi Steel realized sales revenues of RMB25.586 billion, falling by 4.88% year on year. Its sales profits slumped by 67.77% year on year to RMB155 million.The company...
-
Date:2013/01/16
The Chinese steelmaker Shagang released its estimated adjusted financial result for 2012 on January 11st, 2013.In 2012, the company realized a net profit of RMB13~RMB40 million, slumping by 85%~95% from a net profit of RMB278 million in a year ago.In...