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Date:2012/12/13
According to statistics released by the China Customs, China exported 230,400 tons of welded steel pipes in October, decreasing by 29.5% from a month ago.Among them, the exports of line pipes totaled 89,900 tons, slumping by more than 40%; those of o...
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Date:2012/12/17
It is learned that Chinese Hebei Iron & Steel Group will lead a group to buy Palabora Mining in South Africa which belongs to Rio Tinto by US$476 millons. Rio Tinto will sell 57.7% of Palabora for US$373 million to Hebei Iron & Steel Group, a...
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Date:2012/12/14
According to China’s National Bureau of Statistics, in the first 11 months of the current year total output of finished steel in China came to 870.41 million mt. Based on data from the Chinese customs authorities, in the January-November perio...
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Date:2012/12/13
It is reported that Taiwanese rebar mills’ allocation has been fully booked at the prices of NT$17,500/ton currently, driven by rising prices of iron ores and scraps and steelmakers’ price rise.It’s known that the Chinese Baosteel announced to hike i...
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Date:2012/12/17
Gansu Province-based Chinese steelmaker Jiuquan Iron and Steel (Group) Co. (JISCO) has announced that in the January-November period of this year the total iron ore output of itsJingtieshan mine amounted to 6,904,500 mt, up 525,500 mt or 8.24 percent...
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Date:2012/12/14
According to statistics, the stainless steel inventories in the Chinese Wuxi market totaled 188,142 tons in the Chinese Wuxi market in the first 10 days of December, down by 0.03% from the previous 10 days.Among them, 106,533 tons were cold rolled st...
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Date:2012/12/12
China ramped up production of industrial materials including copper and oil products last month, suggesting smelters and refiners are gaining confidence that the world's second-largest economy is on a recovery course. Copper output set a record ...
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Date:2012/12/17
It is learned that Chinese biggest steelmaker Baosteel will increase its steel price for January 2013 because the company thinks there are recovery on steel demand and stable local economy. The company will raise US$12.8/ton for hot rolled coils (HRC...
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Date:2012/12/14
The stainless steel stocks in the Chinese Foshan market totaled 124,272 tons in the first 10 days of December, down by 0.68% from 10 days ago, according to local resources.In the given period of time, the inventories of hot rolled stainless steel inc...
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Date:2012/12/12
Reportedly, the US scrap prices to Taiwan have continued falling recently.Last week, the transaction prices of the US HMS 80:20 (1&2) to Taiwan fell to US$365/ton C&F, decreasing by US$12~US$14/ton from US$377~US$379/ton C&F in a week ago...
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Date:2012/12/17
According to data released by China’s Customs, the country’s iron ore exports totaled 65.78 million tons in November, soaring by 16.7% from a month ago and hitting the highest level since this year.In November, the country’s iron ore import prices av...
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Date:2012/12/13
The Chinese steel pipe market is expected to face a difficult period of three to five years or even longer due to overcapacity, constrained profit margins and the daunting task of optimizing industry structure, as stated by Yan Zesheng, chairman of t...
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Date:2012/12/12
Zhu Jiming, chairman of Chinese steelmaker Shougang Group and vice chairman of the China Iron and Steel Association (CISA), has stated that China plans to more than double its annual supplies from captive overseas iron ore mines from the current 60 m...
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Date:2012/12/17
As reported by the China Iron and Steel Association (CISA) on December 14, officials from China’s Ministry of Industry and Information Technology (MIIT), the CISA and the China Association of Metal Scrap Utilization (CAMU) have stated that China’s an...
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Date:2012/12/13
In November this year, the average aggregate daily crude steel output of Chinese steelmakers totaled 1,916,000 mt, up 0.52 percent compared to October and rising by 13.7 percent year on year, according to the figures released by China’s National Bure...
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Date:2012/12/12
On December 10, China’s Ministry of Railways announced that in the first 11 months of the current year fixed asset investment in railway construction in China reached RMB 506.969 billion ($81 billion), up 3.1 percent, while fixed asset investment in ...
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Date:2012/12/13
The spot iron ore prices have surged sharply currently.At present, the spot prices of Indian iron ore fine contain 63.5% Fe to China are at US$124.5~US$125.5/ton C&F, soaring substantially by US$3/ton from the previous quotes of US$121.5~US$122.5...
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Date:2012/12/11
As of December 7 this year, inventory of the main finished steel products (plate, hot rolled coil (HRC), cold rolled coil (CRC), rebar and wire rod) in 26 major steel markets in China totaled 11.885 million mt, down 70,000 mt compared to the previous...
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Date:2012/12/12
According to data from China’s custom, China’s November iron ore imports increased by 17% from October and reached the highest level in about two years since the steelmakers are more willing to stock up on higher steelmaking profits.The total import ...
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Date:2012/12/11
According to statistics released by the China Iron and Steel Association (CISA), China’s daily crude steel output averaged at 1.96 million tons in the last 10 days of November, up by 0.4% from the previous 10 days.Previously, CISA estimated that Chin...