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Date:2012/11/13
At the end of October this year, the total steel inventory held by Hebei Province-based Chinese steelmaker Handan Iron and Steel (Hansteel) amounted to 128,600 mt, down by 50,000 mt or 30 percent as compared with the end of October 2011, as announced...
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Date:2012/11/08
China’s Ministry of Commerce (MOC) has announced that during last week (October 29-November 4) average steel prices in China indicated only slight changes compared to the previous week.
In particular, in the given week prices of 145 mm 2.5 m...
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Date:2012/11/12
On November 8, China's Ministry of Commerce (MOC) announced its decision to impose 9.2-14.4 percent antidumping (AD) duty on certain stainless steel seamless pipes imported from the European Union (EU) and Japan. The AD duty will be effective fo...
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Date:2012/11/13
Chinese steel producer Wuhan Iron and Steel Group has reportedly put plans to build a steel mill in Brazil on hold, after breakdowns in negotiations for infrastructure investment, according to Reuters. Speaking to reporters, Wuhan chief executiv...
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Date:2012/11/08
Gansu Province-based Chinese steelmaker Hongxing Iron and Steel Co., a subsidiary of Gansu-based Jiuquan Iron and Steel Group (JISCO), has issued its financial results for the first three quarters of this year. In the given period, Hongxing Ir...
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Date:2012/11/09
Changzhou, Jiangsu Province-based Chinese steelmaker Zenith Iron and Steel Group has announced that in the first three quarters of the current year its operating revenue increased by 12.77 percent year on year to RMB 50.3 billion ($7.98 billion). The...
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Date:2012/11/08
Guangzhou Province-based Chinese pipe producer Panyu Chu Kong Steel Pipe Co. has announced that, for the purpose of increasing working capital, optimizing capital structure and reducing operating costs, it will issue short-term bonds worth RMB 300 mi...
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Date:2012/11/09
The major steelmakers in China produced 1.5195 million tons of crude steel in the last 10 days of October, falling by 5.39% from the previous 10 days, according to statistics released by China Iron and Steel Association (CISA).Accordingly, the countr...
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Date:2012/11/07
Australia-based miner Sundance Resources has announced that Hanlong Mining, a subsidiary of Sichuang Province-based Chinese industrial conglomerate Sichuan Hanlong (Group) Co., has secured additional funding worth $438 million. Together with the fund...
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Date:2012/11/08
Iron ore shipments to China from Port Hedland in Western Australia hit a record 17.6 million mt in October, some 2.5 million mt higher than the previous month, data released by the Port Hedland Port Authority showed.The export figure bettered the pre...
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Date:2012/11/07
The government of China’s Shandong Province has issued details of its plans for the merging and reorganization of steel producers in the province.
Accordingly, the provincial government plans to continue to promote the expansion of leading lo...
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Date:2012/11/06
China exported 930,600 tons of stainless steel plates in the first nine months of this year, slumping by 31.45% year on year, according to statistics released by the China’s Customs.Among them, 258,000 tons were cold rolled stainless steel sheet, fal...
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Date:2012/11/07
According to the data from Stainless Steel Council of China Special Steel Enterprises Association (SSC), China produced 11.41 million tons of crude stainless steel from January to September this year, rising about 9.4% or 981,100 tons from the same p...
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Date:2012/11/06
China’s government stimulus and a projected increase in steel output will support iron ore prices at about $120 a metric ton next year, said Masami Iijima, chief executive officer of Japan’s biggest trader in the raw material. “I think we saw the flo...
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Date:2012/11/07
Reportedly, western China based steelmaker Bayi Steel has just announced that it is planning to acquire 110% share of Nanjiang Steel Baicheng Co., Ltd. with RMB481 million (about US$77 million).The said firm was established in 2010 with a designed ca...
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Date:2012/11/05
In October this year, the purchasing managers index (PMI) of China’s steel sector was 52.7 percent, up 9.2 percentage points compared to the previous month, as announced by the China Steel Logistics Committee (CSLC) which is part of the China Federat...
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Date:2012/11/07
In the first three quarters of this year, the major listed Chinese steelmakers suffered a significant overall net loss amid extremely unfavorable steel market operating conditions. According to the figures released by Shanghai Stock Exchange and Shen...
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Date:2012/11/05
Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) has announced that in October this year its crude steel output totaled 872,500 mt. Meanwhile, the company’s combined semi-finished and finished steel output was 865,300...
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Date:2012/11/07
As of Friday, November 2nd 2012, iron ore inventory at 36 Chinese ports totaled around 93.30 million tons, down by 1.45 million tons from a week earlier.Of the total stockpiles, around 6.10 million tons iron ore was imported from India, down 600,000 ...
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Date:2012/11/05
Guangxi Autonomous Region-based Chinese steelmaker Liuzhou Iron and Steel Co. has announced that in October this year it produced 1.0137 million mt of finished steel, equivalent to 112.6 percent of its output target for the month.
In the given...