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Date:2012/08/09
After a brief rally in July end steel prices fizzled away in the first week with 2% drop. If July was rabble rouser for production touching 60.1 million tonne, August was an awakening call for the mills to prune production. Situation was precarious w...
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Date:2012/08/07
China will start a nationwide campaign to close several metal and non-metal mines and improve their safety, the Work Safety Committee of the State Council announced Friday.
The three-year campaign is aimed at consolidating the sector, regulating mini...
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Date:2012/08/08
In a bid to increase the product ratio of ferrite stainless steel, cut operating cost, decrease energy consumption, stabilize product quality, optimize stainless steel product mix, raise added value, Taiyuan Steel had decided to introduce stainless s...
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Date:2012/08/09
It’s reported that China’s iron ore inventories have emerged an upward trend at its major 25 ports during the week ended August 6th even the price tends to stabilize.Currently, the inventories of imported iron ore totaled 98.76 million tons...
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Date:2012/08/07
Yieh United Steel Corporation, one of the major stainless steel producers in Taiwan, announced to cut the list prices for 300 and 400 grades stainless steel products by TWD 1,000 per tonne for August 2012, in response to falling nickel prices and wea...
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Date:2012/08/08
China's petroleum and chemical industry is expected to grow at a slower pace this year, dragged down by the losses in oil refinery businesses and weakening raw materials demand from export-oriented sectors, an industry federation said Monday.
T...
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Date:2012/08/07
In the first half of 2012, Baosteel Stainless Steel cut energy cost of producing one tonne of iron by 2.49%, finishing 63.1% of its annual target of reducing energy cost, cutting cost by CNY 3.155 million accumulatively.
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Date:2012/08/07
Authorities in central China's Hunan Province have suspended the production licenses of more than 200 coal mine pits for safety reasons.At the conference on preventing coal mine gas outburst accidents held on Thursday, the provincial coal indust...
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Date:2012/08/08
Coal prices are falling so fast that China, the world's biggest producer, has cut capacity by more than Australia's entire coal output.
Slowing economic growth is sapping demand for fuel used to generate electricity, encouraging miners to h...
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Date:2012/08/07
Official data showed that coal delivered to southern China's Guangdong from other provinces dropped for the first time since late 2009 on a year to year basis in Jun, as imported coal is taking an increasing percentage in total supply for its pr...
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Date:2012/08/06
It is reported that Taiyuan Iron & Steel Group (Tisco) planned to invest and upgrade its existing stainless steel cold rolled production line. The new project will be able to contribute the annual production of cold rolled stainless steel approxi...
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Date:2012/08/06
China Iron and Steel Association (CISA) said on Tuesday that its member steel enterprises realized sales profits of RMB2.385 billion in the first half of 2012, slumping by 95.81% in comparison of that in the same period of a year earlier.
CISA owns 7...
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Date:2012/08/03
On August 1, Sichuang Province-based Chinese industrial conglomerate Sichuan Hanlong (Group) Co. announced that its subsidiary Hanlong Mining has received approval from China's National Development and Reform Commission (NDRC) for a takeover of ...
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Date:2012/08/06
About 16 percent of the electricity generated by wind farms in northern China went unused in 2011, causing a loss of 6.6 billion yuan ($1.03 billion), the State Electricity Regulatory Commission (SERC) said Thursday.
Unused wind-generated electricit...
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Date:2012/08/03
On August 2, the Development and Reform Commission of China's Shanxi Province announced that it has approved the feasibility research report for the new stainless steel cold rolling project of Shanxi-based Chinese steelmaker Taiyuan Iron and Ste...
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Date:2012/08/06
Chinese investment in Australia, China's biggest outward investment destination, will continue to rise due to huge demand for resources and as state-owned enterprises become more commercially minded, an industry report said Wednesday.
China'...
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Date:2012/08/03
According to the data released by MOFCOM, in last week Chinese domestic steel price dipped by 1.3% from prior week and by 3.4% from middle June.
Looking the market dynamics in detail, the price for rebar with diameter of 12 mm and high speed wire rod...
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Date:2012/08/06
China Electricity Council in a report on forecast of China's power demand and supply for 2012 released on Tuesday said that China's power demand is likely to bottom out in the second half of 2012 on a possibly recovering economy in China, b...
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Date:2012/08/03
According to the Land and Resources Department of Xinjiang, proven coal reserves in the Yili Basin in China's northwestern Xinjiang region now total 55.832 billion tonnes.
The coal deposits are mostly scattered in four coalfields of Yinan, Yibei...
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Date:2012/08/06
The launch of coking coal futures at Dalian Commodity Exchange in Northeast China has been delayed, possibly until late August, due to slow approval procedures, said sources close to the matter Wednesday.
A spokeswoman of DCE was not immediately avai...