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Date:2012/07/23
China's slowing demand for steel is driving Chinese exports of the metal to the highest level in more than three years, flooding the Asian market with supplies at a time when producers such as South Korea's POSCO are grappling with thinning...
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Date:2012/07/18
BEIJING, July 17 Iron ore stockpiles at 25 major ports in China continued to climb in the week ending July 16, as an economic slowdown discouraged steel factories from expanding production, according to Xinhua's latest iron ore price repo...
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Date:2012/07/20
Xinjiang Bayi Iron & Steel, a subsidiary of the Baosteel Group, China's largest iron and steel producer, reported a profit decline of more than 50 percent in the first half of the year as a result of falling demand amid the country's sl...
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Date:2012/07/23
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 pr...
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Date:2012/07/18
China, the supplier of 90 percent of the world's rare earths, cut mining rights for the materials by about half to 65 nationwide to help the industry consolidate and create bigger producers.
Rare earth mining rights in Ganzhou, Jiangxi province,...
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Date:2012/07/20
China steel futures sagged to a contract low on Thursday as demand in the world's top consumer showed no signs of recovery, dragging down spot iron ore prices to the weakest since November.Iron ore is now down 26 percent from a year ago, but tra...
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Date:2012/07/18
Ukraine's energy and coal industry ministry on Friday signed an agreement with China Development Bank securing a $3.656 billion credit line to help the country switch its power plants over to coal from gas, the ministry said. As part of the agre...
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Date:2012/07/19
According to the data released by MOFCOM, in last week Chinese domestic steel price dipped by 0.4% from prior week, indicating that the domestic steel price has declined for four consecutive weeks.
Looking the market dynamics in detail, the pr...
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Date:2012/07/18
Chinese Baosteel has announced to cut its export prices of stainless hot rolled coils by around USD 120 per tonne while it remained the export prices of stainless cold rolled coils unchanged, applied for September 2012 deliveries.According to the off...
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Date:2012/07/18
China Shenhua Energy Co., the listed subsidiary of the country's largest coal miner China Shenhua Group, said Saturday it produced 25.4 million mt (MT) of commercial coal in June, up 2.4%YOY.
It was the first single digit year-on-year increase ...
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Date:2012/07/18
Shanghai-based Baosteel Group, China's third largest steel mill by production capacity, denied a report about the shutdown of its recently launched project at Zhanjiang Port in South China's Guangdong Province. "Everything is on the right t...
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Date:2012/07/16
According to the data released by NBS, in January-June of this year, China’s overall crude steel output amounted to 357.21 million t, increasing by 1.8% compared to the same period of last year. In June along, China’s crude steel had reached 6...
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Date:2012/07/18
According to the data released by CISA (China Iron and Steel Association), Chinese registered steelmakers have contributed a daily crude steel output of 1.6574 million tons in early July of this year, increasing by 0.44% from late June. Meanwh...
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Date:2012/07/16
Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group has issued its financial results for the first half of the current year, announcing an estimated net profit of RMB 98.8-395 million ($15.6-62.5 million), down 60-90 percent year on ye...
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Date:2012/07/17
Unconventional energy source is proving to be attractive outside the sector as well
With China having put shale gas near the top of the government agenda for energy security concerns, the scramble for this game-changing unconventional gas is ...
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Date:2012/07/16
The largest coal importer in southwest China’s Guangdong province Chaozhou City, Yatai Energy Co Ltd has stopped buying coal from abroad due to heavy losses caused by steep price fall and mounting stocks of the fuel it has imported, reported by sxcoa...
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Date:2012/07/17
According to report, China’s largest steelmaker Hebei Steel said that its forecast of net profits for the first half of this year will fall by more than 50% to RMB 98.8 million~ 395 million from RMB 803 million in the same period of last year. The co...
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Date:2012/07/16
According to customs, China exported steel products of 5.22 million tonnes in June 2012, up 21.4 percent over prior year and increasing by 10,000 tonnes from that in May. In January-June 2012, China¡ˉs steel products exports accumulated 27.2 mil...
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Date:2012/07/17
It is reported that China’s largest steelmaker Baosteel is to cut prices of main products by 4.6 %~5.6 % for August. This move follows the first reduction in 2012 this month, giving the image that the company has no confidence in the market in short ...
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Date:2012/07/16
China's coke exports in June were up 7%, or 10,000 mt, to 150,000 mt from 140,000 mt in June, but dropped 53.1% from the same month last year, according to a release Tuesday by China Customs Statistics. For January-June 2012, China's coke e...