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Date:2012/09/07
Spot iron ore prices hit their weakest in nearly three years, extending a market rout that began in July and which is likely to continue as poor steel demand drove Shanghai steel futures to a record low on Thursday.Iron ore prices have dropped 36 per...
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Date:2012/09/07
China's coal prices, already near a two-year low, are likely to fall further as industrial demand growth slows and imports add to pressure on domestic stocks, industry officials said Tuesday. Benchmark prices in China, the world's top produ...
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Date:2012/09/05
BEIJING, Sept. 4 Iron ore stockpiles continued to build up at 25 major ports during the week ending on Sept. 3 as Chinese steel makers posted widespread losses in the first seven months of the year, according to Xinhua's latest iron ore p...
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Date:2012/09/07
Wuhan Iron and Steel Corporation (Wisco),one of the giant iron & steel producer in the world has conducted new develop of enhanced corrosion-resistant steel plate for oil storage tanks.This new cutting edge innovation has also been approved and r...
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Date:2012/09/05
CHINA announced a series of new rules yesterday to fine-tune its iron and steel industry to make it more energy efficient and environmentally friendly.
The announcement, published by the Ministry of Industry and Information Technology, said the new r...
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Date:2012/09/06
China will launch a new round of safety inspections in collieries nationwide, said Yang Dongliang, head of State Administration of Work Safety, on Tuesday.
Yang stressed that the inspections would be a panoramic and thorough one. The announcement com...
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Date:2012/09/05
According to statistics, China exported 1.728 million tons of screws in the first half of this year, falling by 6% year on year while rising slightly by 0.8% from a half year earlier.In thee given period of time, the country’s average export prices o...
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Date:2012/09/06
It is reported that in July, 2012, Bayi Steel Mengku Iron Mine Co Ltd finished iron ore crushing of 323,100 tonnes, up 44,600 tonnes over prior year recording new high with monthly plan completion of 108%.
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Date:2012/09/05
Recently, China’s export quotes of steel flat products to South Korea have continued falling. Last week, China’s export quotes of boron-added hot rolled coils (HRC) to South Korea were at US$530/ton CFR, decreasing by US$10/ton from a week ago.At the...
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Date:2012/09/06
The State Council of China recently released the 12th Five-year Plan on energy saving and emission reduction and urged strict implementation by local governments.According to the Plan, by 2015, the energy consumption per CNY 10, 000 of China gross do...
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Date:2012/09/05
According to statistics, the Chinese steel industry’s profit rate was at 0.84% in the first half of this year, much lower than the profit rate of 2.19% in the same period of a year earlier.In fact, the Chinese steel enterprises have faced difficulty ...
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Date:2012/09/06
The 38 coal firms listed on the Chinese stock market reaped a combined net profit attributable to shareholders of RMB 53.71 billion in the first half of this year, reflecting a growth of 4.3% YoY.
The growth rate was 15.9 percentage points less than ...
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Date:2012/09/05
Yieh United Steel Corporation, one of the major stainless steel producers in Taiwan, has announced to remain the domestic and export prices for all its stainless steel products unchanged for September after cutting the prices for consecutive six mont...
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Date:2012/09/06
According to statistics, the inventories of stainless steel products totaled 190,016 tons in the Chinese Wuxi market in the last ten days of August, rising by 2.98% from ten days ago.Among them, 112,959 tons were cold rolled stainless steel products,...
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Date:2012/09/04
In the past few years, Baosteel Stainless Steel has curtailed costs of CNY 26 million in wastewater treatment and in the comprehesive utilization project of blast-furnace gas, the value added CNY 140 million.For the next stage, Baosteel stainless ste...
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Date:2012/09/06
China′s steel sector after a decade of rapid growth need to prepare for a tight margins and weak demand in the next 3 to 5 years, including possible shut down of inefficient mills. This warming comes after Baosteel’s comment over the price pressure f...
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Date:2012/09/04
This is the third time the steelmaker has cut its coke purchasing price in August. Prior to this, Hebei Steel cut its buying price in early and mid-August by Yuan 100/mt each time, amounting to a total price cut of Yuan 270/mt this month.
Hebei Stee...
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Date:2012/09/04
Chinese steel inventory overhang that has cut spot demand for iron ore and forced prices to their lowest levels since November 2009 may take as long as nine months to unwind, leaving it up to iron ore producers to cut output to shore up prices,...
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Date:2012/09/04
Chinese steel producers will suffer even bigger losses in August, following a 1.9 billion yuan ($299 million) loss last month due to falling prices, a senior official of industry group the China Iron and Steel Association (CISA) said on Thursday.
"Ch...
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Date:2012/09/04
Aggressive production cuts and a hot summer have helped shrink China's main coal stockpiles by about 14 percent in the last two months, shoring up prices that have fallen by a fifth over the same period and signalling the worst may be over for t...