-
Date:2012/08/31
Iron ore prices have fallen to their lowest since 2009, sending shares of miner Rio Tinto to three-year troughs as a slowdown in top consumer China threatened to further sap demand, putting the fortunes of miners at risk. The price of the steel-makin...
-
Date:2012/09/04
Coal prices in China are likely to rebound later this year as inventories decline and demand recovers along with the economy, leading producers China Shenhua Energy and Yanzhou Coal said on Monday.
China Shenhua, the country's largest coal produ...
-
Date:2012/08/29
It is reported that Taigang Stainless and Baosteel Stainless, the two largest stainless producers in China, have announced to cut the list prices of its stainless steel products by up to 4% for September 2012, due to falling nickel prices and sluggis...
-
Date:2012/08/31
Last week, the Chinese steelmakers started that export price negotiation of hot rolled coils (HRC) with Latin American buyers for October delivery.It’s said that the Chinese steel producers would raise the HRC export quotes to Latin America, supporte...
-
Date:2012/09/03
China's National Development and Reform Commission said Thursday it has approved Shanxi province's plan to replace its volume-based duty on coal producers with a price-based resource tax.
The change is expected to boost taxation reve...
-
Date:2012/08/29
Shaanxi Coal and Chemical Industry Group Co has said today that it will issue RMB 3.5 billion in unsecured bills with a maturity of 365 days on the interbank market on Sep. 4.
The company said that the bills will be issued at face value, and the cou...
-
Date:2012/08/31
Chinese steelmaker Shougang released its financial report for the first half of this year.In the first half of this year, Shougang’s net loss contributes to its shareholders amounted to RMB350 million, slumping by 214.28% from a net profit of RMB310 ...
-
Date:2012/09/03
Hanlong said its offer of AUD 0.45 per share of Sundance down from its initial offer of AUD 0.57 to buy all the remaining shares of the Australian firm has been accepted. Hanlong has been Sundance largest stakeholder since March 2011 controlling 18.6...
-
Date:2012/08/29
Combined coal stocks at China's four major Bohai Sea ports fell 570,000 tonnes or 3.4% week on week to 15.56 million tonnes (MT) Sunday, Qinhuangdao Port data released Monday showed.
Qinhuangdao Port's coal stocks stood at 6.51 MT Sunday, ...
-
Date:2012/08/31
It's reported that the South African ferrochrome producerMerafe Resources indicated in its report that China's ferrochrome production reached 1.58 million tons in the first half of this year, accounting for 33% of global output, growing by ...
-
Date:2012/09/03
According to the executive officer of Baostel, the firm predicts that the third quarter will be the most difficult period in this year, but the company still believes it can avoid losses in the period.He Wenbo, the Chairman of Baosteel pointed out th...
-
Date:2012/08/29
Taigang Stainless, the largest stainless producer in China released sales revenues of RMB50.142 billion in the first half of this year, rising by 9.39% year on year.In the given period of time, the company’s net profit attributable to shareholders wa...
-
Date:2012/08/30
Hebei Province-based Chinese steelmaker Handan Iron and Steel Co., a subsidiary of Hebei Iron and Steel Group, has announced that it has completed the production of 1,550 mt of color coated sheet booked by an Israeli buyer. The color coated sheets in...
-
Date:2012/09/03
Reportedly, the Chinese steel long product manufacturers have cut the export quotes of steel wire further recently as the steel wire prices have dropped in the Chinese domestic market.It’s learned that Shagang’s current quotes of high carbon steel wi...
-
Date:2012/08/29
Baosteel, the second largest steelmaker in China announced that its net profits rose to RMB8.39 billion from RMB2.01 billion in the same period of a year earlier, boosted by a one-off sale of assets to its parent Baosteel Group.However, the firm’s ne...
-
Date:2012/08/30
The China Iron and Steel Association (CISA) has issued China's steel import and export statistics for July this year.
In July this year, China's finished steel imports and exports totaled 1,158,000 mt and 4,319,700 mt, down 6.6 percent and ...
-
Date:2012/09/03
Chinese Ansteel reported its financial report for the first half of 2012 on August 27th.In the first half of 2012, Ansteel realized sales revenues of RMB39.378 billon, decreasing by 15.01% in comparison of RMB4.6334 billion in the same period of 2011...
-
Date:2012/08/29
According to data, the inventories of stainless steel totaled 184,523 tons in the Chinese Wuxi market in second ten days of August, down by 1.25% from the previous ten days.Among them, 108,487 tons were cold rolled stainless steel, decreasing by 3.51...
-
Date:2012/08/30
It’s reported that Chinese steel pipe producer Yulong Steel Pipe released its financial report for the first half of this year.In the first half of this year, the firm realized operation revenues of RMB1.1 billion, decreasing by 10.4% and it posted n...
-
Date:2012/09/03
Recently, China’s export quotes of hot rolled coils (HRC) to Indian are at US$535~US$540/ton CFR averagely, falling by US$5/ton from US$540~US$545/ton CFR early this month.Indian trader said that the local buyers are unwilling to purchase at this mom...