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Date:2012/07/24
Iron ore inventories in China reached a record high of about 100 million metric tons due to shrinking downstream demand, but major global suppliers are still increasing output. The 30 major ports in China have total iron ore stocks of 97.92 million t...
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Date:2012/07/23
The Chinese coal market is expected to remain oversupplied in the second half of 2012 due to weak demand coupled with rapid growth in supply, an official from the China National Coal Association told reporters on Wednesday.
CNCA Deputy President Jian...
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Date:2012/07/19
Increasing numbers of private and foreign investors with money and technology will come to Yunnan province to unlock the area's rich reserves of minerals and energy sources, a senior official said
"From 2010 to 2020, another 500 tons of gold and...
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Date:2012/07/24
The Wuhan Iron and Steel Group has nearly halved its 2012 profit target to 1.6 billion yuan, dragged down by sluggish demand. Deng Qilin, general manager of the company, revealed the new target at an internal conference on Wednesday, attributing the ...
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Date:2012/07/20
According to Xinhua-China iron ore price index, the domestic imported iron ore stockpiles in Chinese 25 main ports reached 98.26 million metric tons on July 9, increasing by 350 thousand tons compared to previous week. At the same time, the price ind...
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Date:2012/07/19
Iron ore prices fell to the lowest point in almost two months as Europe's debt crisis slowed global growth and curbed demand in China, the world's biggest buyer.
Iron ore with 62 percent content delivered to the port of Tianjin fell 2 perce...
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Date:2012/07/24
Xinjiang Uyghur Autonomous Region is targeting annual coal output of 400 million tons by 2015, 231% increase from the 120.7 million tons produced in 2011, the provincial arm of the National Development and Reform Commission (NDRC) said on July 20.
Th...
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Date:2012/07/20
China imported 19.8 billion cubic meters of natural gas in the first six months of this year, up by 44.6 percent year-on-year, China Business News reported Thursday, citing data from the National Development and Reform Commission, China's econom...
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Date:2012/07/19
China's steel products used for construction slumped during the week from July 9 to July 13, China Securities News reported, citing data of www.cnchemicals.com, an online steel products spot-price trading platform.
As of July 13, prices for 25mm HRB335 ca...
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Date:2012/07/23
In last week, the domestic social steel inventory in Chinese 26 surveyed cities had inched up by 24000 t from prior week to 15.484 million tons.
Concretely, the stockpiles for rebar were 6.708 million metric tons in the domestic steel market, ...
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Date:2012/07/20
Settlement of BHP Mitsubishi Alliance labor unrest has proven to be nemesis for Australian miners. Hitherto tight supply had kept the levels afloat in the background of POSCO Anglo deal at USD 225 per tonne last month.
However HCC coking coal offers ...
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Date:2012/07/19
It's reported that China steel futures fell more than 1% to a contract low on Monday due to the weak demand in the steel market which is foreseen unlikely to recover until later this year.The most-traded rebar contract for January delivery on th...
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Date:2012/07/23
Wuhan Iron and Steel Corp. (Wisco) announced to cut the August list prices for most steel products by RMB50~RMB200/ton on July 17th.The company decided to cut the list prices of hot rolled steel and plates by RMB150~RMB200/ton and to reduce the price...
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Date:2012/07/20
China saw its electricity consumption rise 4.3% from a year earlier to 413.6 terawatt hours (TWhs) in June this year, according to statistics released by the National Energy Administration. The growth rate was 0.9 percentage points lower than the 5.2...
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Date:2012/07/19
Price offers for imported spot iron ore cargoes in top buyer China fell further on Wednesday after the benchmark rate hit its lowest since November, as a weak steel market thinned demand for the raw material.Chinese steel mills are slowly curbing pro...
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Date:2012/07/23
Wuhan Iron and Steel Corp. (Wisco) decided to cut its margin target for this year to RMB1.6 billion from the previous RMB3 billon after evaluating the market condition in the second half of this year, according to a senior official at Wisco.Since thi...
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Date:2012/07/20
The head of one of China's largest steel companies has said that it will make better use of both its overseas and domestic resources and increase international cooperation to follow a sustainable development path.
Shougang Group has iron ore and...
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Date:2012/07/23
China’s cross-regional electricity trade rose 14.87% YOY to 315.2 terawatt hours (TWh) in the first half (H1) of 2012, according to statistics released by the State Electricity Regulatory Commission (SERC) on July 16.
Inner Mongolia Autonomous Region...
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Date:2012/07/19
According to statistics, the stainless steel stocks totaled 116,258 tons in the Chinese Foshan market in the first ten days of July, falling by 3.54% from the previous ten days.Among them, 62,348 tons were cold rolled stainless steel, up by 1.28%; 53...
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Date:2012/07/20
Producers struggle as excess supply, falling demand push prices down China's coal industry is facing a severe downturn as the national economic slowdown has led to a slump in coal demand and prices. The Inner Mongolia autonomous region, which be...