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Date:2012/08/27
China's largest coal mining company, Beijing headquartered stated owned China Shenhua Energy Company issued its operational results for July and the first 7 months of 2012.In July this year, China Shenhua Energy's commercial coal output amo...
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Date:2012/08/23
Jiangsu Province-based Chinese steelmaker Huaigang Special Steel Co., a subsidiary of Shagang Group, has announced that in the January-July period of this year its sales revenues totaled RMB 7.232 billion ($1.14 billion), down 23.36 year on year.&nbs...
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Date:2012/08/24
In August, Chinese steel mills have either cancelled or deferred shipments of up to 4 million mt of iron ore from miners after iron ore prices decreased to their lowest levels in two and a half years, according to a report by Reuters.
"I do not think...
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Date:2012/08/23
Chinese steel mills, suffering from weak demand at home, have either defaulted on supply contracts or have deferred taking shipment of as much as four million tons of iron ore this month after a rapid decline in prices, traders said.The bulk of that ...
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Date:2012/08/24
The projects are expected to save the country an equivalent of 300 million tons of coal during the five-year period, according to the document published Tuesday at the Chinese government website.
In a previously unveiled blueprint for energy-saving ...
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Date:2012/08/23
According to statistics released by the National Development and Reform Commission (NDRC), China’s steel output growth slowed and the steel product prices kept falling in this July.Though the country’s crude steel output rose by 4.2% year on year in ...
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Date:2012/08/24
China Shenhua Energy Co Ltd, the country's largest coal producer, said yesterday that its commercial coal output rose 9.1% YoY to RMB 25.20 million metric tons in July this year.
Last month, the company sold 31.60 million metric tons of coal, 1...
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Date:2012/08/23
China's coal imports totaled 20.21 million mt in July this year, up 15.3 percent year on year but down 10.3 percent from the 22.52 million mt recorded in the previous month, as announced by the Chinese customs authorities on August 21.
The drop ...
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Date:2012/08/22
Jilin Province based Chinese steelmaker Shougang Tonggang Group has announced that on August 14th 2012 it signed a strategic cooperation agreement with Jilin Provincial Coal Industry Group Company through which the two sides will jointly face economi...
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Date:2012/08/22
Although the nickel prices at LME have hovered around USD 15,000 to USD 15,500 per tonne, the stainless makers may probably cut the prices further due to weak demand.It's known that the selling prices of the 304 grade stainless steel with 2B fin...
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Date:2012/08/22
Iron ore swaps suffered another heavy round of selling pressure Monday as prices converged around the $100/dmt mark for contracts through to early 2013, despite thinner volume on a public holiday in Singapore. The $4-5 drop in swaps prices arou...
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Date:2012/08/21
According to statistics released by the China Iron and Steel Association (CISA), China’s daily crude steel output totaled 1.97 million ton in the first 10 days of August, up rising by 1.1% from 1.947 million tons in ten days earlier.This is belying m...
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Date:2012/08/22
It’s reported that Taigang Stainless, the largest stainless producer in China announced to cut the domestic prices for its stainless steel products by RMB300~RMB700/ton averagely for September.After the adjustment, the firm’s September domestic price...
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Date:2012/08/17
The price index for 63.5-percent-grade iron ore imports fell one point at 121 points during the week ending on August 13 from the previous week. The index for 58-percent-grade imports remained at 102 points for the week but is down 14 percent this ye...
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Date:2012/08/20
Reportedly, the export prices for Chinese wire rod have dropped by another US$30/ton since end of last month because of weak demand in native market.China's local stockiest did not intend to book too early in the sluggish market and an unclear f...
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Date:2012/08/22
China's Shengli Oil & Gas Steel Pipe Holdings (Shengli) has stopped negotiating a joint venture with IRI, a pipe distributor in Colombia since the two parties can’t agree to extend the timeframe for incorporation of the JV Company. The initi...
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Date:2012/08/17
As China continues to grow, so too do its energy demands. A report by Greenpeace released this month titled "Thirsty Coal: A Water Crisis Exacerbated By China's New Mega Coal Power Bases", reveals some of the more disheartening effects of the Ch...
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Date:2012/08/20
Reportedly, the output of stainless steel in China could oversupply about 4 million tons by the end of 2015. So far, the Chinese stainless steel market suffers serious stagnancy as a result of the sharp fluctuation in nickel price and weak demand fro...
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Date:2012/08/22
According to data released by Stainless Steel Council of China Special Steel Enterprise Association (CSSC), China’s crude steel output totaled 7.082 million tons in the first half of this year, rising by 5.25% in comparison of that in the same period...
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Date:2012/08/17
The Chinese government may pilot the long discussed new coal resource tax to be levied by means of ad valorem in the fourth quarter of 2012, if the trial scheme gets nod from relevant government departments.According to the preliminary discussions, i...