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Date:2012/09/25
China's steel output saw a drop in August and prices of steel products have continued to fall, data from the National Development and Reform Commission (NDRC) showed Thursday.
Crude steel production shed 1.7 percent year on year in August, contr...
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Date:2012/09/24
State-owned China Shipping is planning to order up to 20 new supertankers for the fleet of a joint venture aimed at giving Beijing more control over its energy supply chain but which will add to the vessel glut in the struggling freight market.China ...
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Date:2012/09/25
China's steel prices rebounded dramatically this week due to the economic stimulus policies announced by the government recently, after the market was gloomy for 13 months, analysts said on Thursday. Average steel prices were at 3,810 yuan ($604...
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Date:2012/09/21
China's coal output in the first eight months hit 2.57 billion tonnes, up 4.4 percent, although its coal output growth rate fell 7.9 percentage points year on year during the period, the China National Coal Association (CNCA) announced Wednesday...
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Date:2012/09/24
Shagang may raise its ex-factory prices of construction steel products by RMB100~RMB150/ton averagely for the last 10 days of September, according to the market participants’ estimates.It’s known that the whole Chinese steel market has rebounded afte...
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Date:2012/09/25
China's coal stocks surged 37-69% year on year in August at mines, major coal ports and key power plants, latest China National Coal Association data showed Friday.
The country's coal miners held 87.85 million mt of stocks at the end of Aug...
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Date:2012/09/20
China’s Ministry of Commerce (MOC) has announced that during last week (September 10-16) average steel prices in China increased by 0.5 percent compared to the previous week, indicating the first week-on-week increase in five months. In partic...
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Date:2012/09/24
The export prices of carbon steel hot rolled coil (HRC) from China to Middle East and South America for October have released around US$530~US$560/ton CFR. On the other hand, the export prices from South Korea, Brazil and Russia to the same regions a...
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Date:2012/09/25
Hebei province-based Chinese steelmaker Xuanhua Steel, a subsidiary of Hebei Iron and Steel Group has announced that it produced 191,000 mt of finished steel for export in Jan-Aug, increasing 98,000 mt year on year. Practically, boron added wi...
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Date:2012/09/20
The Daqin Railway Line, China's largest coal transportation railway, will be closed for 10 to 15 days from Oct. 8 for maintenance work, the Ministry of Railways announced on Monday.
The 653-kilometer Daqin Railway Line began operations in 1992 a...
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Date:2012/09/24
Taigang Stainless, the largest stainless producer in China announced to hike its domestic prices for 304 grade stainless steel products by RMB300~RMB1, 000/ton for October, driven sharply rising nickel prices.It’s known that the firm decided to raise...
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Date:2012/09/25
It’s reported that Chinese Baosteel announced to cut the list prices for steel wire products by RMB140~RMB320/ton averagely for October.It’s learned that Baosteel decided to cut the list prices for cold heading steel wires by RMB140/ton and to decrea...
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Date:2012/09/20
Taiyuan Iron & Steel Group (Tisco), the largest stainless steel producer in China announced to raise the export quotes for its 300 grade stainless steel products to South Korea by US$80/ton for November delivery.Meanwhile, Tisco offers price cut ...
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Date:2012/09/21
Driven by the QE3 monetary policy, the international raw material prices have surge sharply, pushing up the steel product prices.It’s known that the iron ore prices have soared sharply by US$11.5/ton since last week until this Wednesday. The spot pri...
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Date:2012/09/25
It’s reported that the Chinese steel giant Baosteel has suspended the operations at its Luojing works.It’s known that there are two Corex ironmaking units at Luojing works with the annual production of 3 million tons.However, the Luojing works has su...
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Date:2012/09/20
It is reported that investors have shifted back their focus to sluggish Chinese demand after profit gains fed by the Federal Reserve's move that lifts the US economy last week, resulting rebar futures at the Shanghai Futures Exchange (SHFE) drop...
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Date:2012/09/21
Reportedly, the rebar futures price on the Shanghai Futures Exchange (SHFE) rose again on Wednesday since the previous trading day on signs of an increasing steel demand in China that have prompted mills to restock iron ore and life prices that fell ...
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Date:2012/09/25
The Chinese steel futures price at the Shanghai Futures Exchange (SHFE) fell more than 4% last Thursday, the sharpest single day drop ever after a straight 11 months of contraction in Chinese manufacturing activity which fogged the prospects for stee...
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Date:2012/09/20
It is reported that Chinese steel prices have experienced a sharp increase with almost 2% rise since this Monday. It's analyzed that the Quantitative Easing 3 (QE3) by the US Federal Bank market and stimulus by Chinese government to build 25 lin...
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Date:2012/09/21
According to report, BHP Billiton, the world’s largest mining company, said that China’s iron ore demand has reduced by more than 50%.The company’s chief commercial officer said that China has completed the first phase of economic development, making...