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Date:2012/11/19
China's commodity imports for October appear to present a mixed picture, with strength in oil and weakness in iron ore and copper, but the overall message should be that economic momentum is once again accelerating.There is always a risk in read...
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Date:2012/11/16
China produced 602.225 million tons of crude steel in the first ten months of this year, rising by 2.1% year on year, according to statistics released by the National Bureau of Statistics.In the given period of time, the country’s output of steel pro...
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Date:2012/11/19
It is reported that the weak seasonable demand in cold winter has hindered the construction market and the prices of construction steel when the most active rebar futures contract on Chinese Shanghai Futures Exchange traded 0.44% lower at RMB 3,650/t...
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Date:2012/11/15
In October this year, China’s aggregate iron ore output totaled 124.853 million mt, down 4.209 million mt or 3.26 percent compared to September, as announced by China’s National Bureau of Statistics. Meanwhile, aggregate iron ore output in China in t...
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Date:2012/11/19
According to Chinese mainland Special Steel Enterprises Association stainless Committee, the first nine months of 2012 mainland crude stainless steel production was 11.407 million tons, a year-on-year increase of 9.4%. On the other hand, the import o...
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Date:2012/11/15
Zhejiang Province-based Chinese steelmaker Taigang Stainless Steel Group Co., Ltd has issued details of its investments in two stainless steel projects - a stainless steel technology R&D center and a cold rolled stainless steel in-depth processin...
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Date:2012/11/19
Reportedly, China’s State Reserves Bureau (SRB) has started its new taking-in spree on Thursday of 100,000 tons volume for both aluminum and zinc from local smelters.Market analysts said it is a signal that the market of the metals have hit bottom, t...
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Date:2012/11/15
On November 13, China’s Ministry of Commerce (MOC) announced that during last week (November 5-11) average steel prices in China indicated a slight increase of 0.1 percent compared to the previous week. In particular, in the given week prices ...
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Date:2012/11/16
Reportedly, Beihai Chengde Ferronickel Stainless Steel announced that it has successfully commissioned the 1,700 mm stainless steel hot rolled coil (HRC) production line.It’s expected that the new HRC production line will be able to produce 800,000 t...
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Date:2012/11/15
In the January-October period of the current year, fixed asset investments in the overall Chinese domestic ferrous metallurgy industry (including both ferrous metal mining and production) amounted to RMB 541 billion ($86.8 billion), up 7.8 percent on...
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Date:2012/11/16
Recently, the transaction prices of the blast furnace (BF) killed wire rods are expected to rise in the Taiwanese market in the near future, driven by jumped transaction prices of electric furnace (EF) killed wire rods.In fact, the transaction prices...
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Date:2012/11/15
Chinese Shengxi New Material Technology has started the construction of its new coated steel project in Liu’an, Anhui.It’s expected that the coated steel project valued US$480 million will bring annual taxes revenues US$9.62 million.Meanwhile, the ne...
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Date:2012/11/16
Hebei Province-based Chinese steel producer Shougang Jingtang Iron and Steel, a subsidiary of Shougang Group, has said that in October this year it produced 708,200 mt of hot rolled steel strip, 5,500 mt more than the output target for the month. &nb...
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Date:2012/11/15
According to media report, Chinese Shagang, the largest steel manufacturing privately-owned company in China made it public its steel price policy for long steel products for mid November 2012, effective from November 11, in connection with its early...
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Date:2012/11/16
With the disruption of supplies from India, concerns over slowing economic growth in China, and the effects of large stockpiles forcing the price of iron ore through a series of supposed "price floors", the iron ore industry has faced a turbulent tim...
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Date:2012/11/15
Reportedly, the construction of Chinese Masteel's first steel trading center, Masteel Material Technology Company officially began on November 9th 2012 in Chongqing city.The factory occupies 14103 square meters and is estimated to complete the c...
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Date:2012/11/16
German plantmaker SMS Meer has announced that Jiangsu Province-based Chinese steelmaker Jiangsu Tianhuai Steel Pipe has recently commissioned its new 20" premium quality finishing (PQF) tube rolling plant, after a construction period of around two ye...
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Date:2012/11/14
Reuters reported that Wuhan Iron and Steel Corp. (Wisco) has postponed its plan to build a steel mill in Brazil after the negotiations for infrastructures ruptures.Deng Qilin, the chief executive of Wisco said that its Brazilian partners did not prov...
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Date:2012/11/14
Anhui Province-based Chinese steelmaker Masteel (Hefei) Iron and Steel Co. Ltd, a subsidiary of Maanshan, Anhui-based steel producer Maanshan Iron and Steel Co. Ltd (Masteel), has announced that its environmental relocation project report has been ap...
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Date:2012/11/14
It is learned that several industry analysts said their prediction against iron ore prices for the next year is averaged at US$120/ton, a slight drop from US$126/ton this year due to weak steel demand from China and it will even keep declining to US$...