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Date:2012/07/27
China's Shanxi province launched a scheme last week to link coal and power companies, encouraging them to work together, a source from state-owned Shanxi International Coal Energy Group said Tuesday.
Under the scheme, the operation to get coal ...
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Date:2012/07/25
Recently, some steelmakers in China have reduced the export quotes of H beams to South Korea by US$10/ton. It’s said that some South Korean H beam importers planned to conclude the orders.It’s known that as the H beam prices have fallen in the Chines...
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Date:2012/07/26
Spot iron ore prices extended their losing streak to touch an eight-month low on Wednesday, as free-falling prices and a gloomy demand outlook kept Chinese buyers at bay.Iron ore prices, down by more than a third since a record peak in mid-February, ...
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Date:2012/07/25
It’s reported that Chinese steel giant Baosteel may release its tinplate domestic prices for September this week. It’s predicted that the firm might cut the tinplate prices for September.It’s known that Baosteel remained its August list prices of ele...
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Date:2012/07/26
China, the world’s biggest steel producer, is exporting at the highest level in two years, exacerbating a global glut that may hurt competitors from ArcelorMittal (MT) to U.S. Steel (X) Corp. Monthly shipments abroad rose to 8.7 percent of domestic o...
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Date:2012/07/25
Reportedly, Chinese domestic steel plate prices fall further after a slump last week due to the weak demand and price drop of hot rolled coils (HRC). It is foreseen that the prices are likely to go down further this week.The quotation for grade Q235B...
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Date:2012/07/26
Sichuan Province-based Chinese steel producer Pangang Group has stated that, despite the difficult situation in the steel industry, its subsidiary Xichang New Steel Enterprises Co. managed to turn a profit in the first half of the current year. Accor...
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Date:2012/07/25
Shenhua Group Corp. Ltd., China’s largest coal producer by volume, plans to invest RMB 10 billion ($1.58 billion) to build six coal railway transportation lines within Inner Mongolia Autonomous Region, the regional government announced on July 22.
Sh...
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Date:2012/07/26
According to customs statistics, the export volume of stainless steel coil from Tisco in H1 of 2012 has sharply boosted by 39.18% from a year ago and total export volume is nearly 140,000 tons It is expected that the Tisco attempts to dilute its high...
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Date:2012/07/25
China's imports of coal in June jumped by 98% YOY to 27.19 million mt (MT), China Customs data released over the weekend showed.The country imported 8.55 MT of thermal coal in June (excluding lignite), rocked by 154% from last June; coking coal ...
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Date:2012/07/26
Angang Steel Company Limited and Beijing Shougang Co., Ltd. will cut the August prices of its major products.
On July 12, China's biggest listed steelmaker, Baoshan Iron & Steel Co., Ltd. and other steel mills decided to cut prices by 10 to ...
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Date:2012/07/25
Reuters reported that China's slowing demand for steel is driving Chinese steel exports to the highest level in more than three years, flooding the Asian markets.China boosted first half steel exports to 27.26 million tonnes, the highest for a s...
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Date:2012/07/26
Chinese government will accelerate the pace of solar power installations after 2015, part of a program including funds from the state to cap carbon emissions while satisfying the nation’s demand for electricity. The State Council said it aims to boos...
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Date:2012/07/25
Xinjiang-based Chinese steelmaker Bayi Iron and Steel Co issued its financial results for the first half of the current year announcing a net profit of CNY 190 million down by 51.13%YoY.In the January to June period this year, the operating revenue o...
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Date:2012/07/26
Sinopec Corp, the largest refiner in Asia by capacity produced 163 million barrels of crude oil in the first half of 2012 reflecting a YoY increase of 4.33%.The refiner saw its domestic crude oil output rose 1.16% YoY to 152 million barrels, while th...
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Date:2012/07/24
During the first six months of this year, China had produced approximately 357.20 million tons of crude steel, up 1.8% year over year. Meanwhile, China’s steel product output rose by 6.1% from previous year to 467.44 million tons. And the cok...
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Date:2012/07/26
Chinese imports of bituminous thermal coal from South Africa, Colombia and the US in June increased significantly on month, mainly at the expense of falling volumes delivered from Indonesia, according to Chinese customs data released Tuesday.
Price-s...
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Date:2012/07/24
It is reported Chinese Ministry of Commerce has appealed WTO’s panel finding it has been unfairly imposing tariffs on grain-oriented flat-rolled electrical steel. The WTO’s panel report that issued in June was failed to interpret properly relevant re...
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Date:2012/07/24
It’s reported that Benxi Steel announced to cut the price of steel flat products by RMB50~RMB150/ton averagely for August.The firm decided to reduce the ex-factory prices of hot rolled (HR) steel plates and coils by RMB150/ton, to cut the ex-factory ...
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Date:2012/07/24
As the biggest stainless steel enterprise equipped with globally biggest capacity and most up-to-date technology and equipment, Taiyuan Iron & Steel Group (Tisco) made in public that it is going to build 1 million ton of CR silicon steel capacity...