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Date:2012/07/09
Reportedly, Chinese steelmaker Shougang said on July 3rd that its daily output of rebar with diameters of 12mm has reached 3,331.11 tons, rising by 408.83 tons in a day earlier.Also, this was the first time that the firm’s daily output of rebar with ...
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Date:2012/07/05
China launched its first spot market for natural gas on the Shanghai Petroleum Exchange on Monday to cope with peak summer electricity use, Xinhua News Agency reported. The transaction volume on Monday reached 39.6 million tons.
It's the first ...
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Date:2012/07/09
The Special Steel Enterprises Association of China (SSEA) currently predicted that China’s stainless steel output would reach 26 million tons in 2015. However, the growth rate of the country’s apparent stainless steel consumption would slow down to 2...
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Date:2012/07/05
Mr Jose Carlos Martins, executive director for ferrous minerals and strategy, said that Vale, the world's largest iron ore producer, expects Chinese demand for the mineral to keep rising in coming years. Mr Martins said that China' demand f...
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Date:2012/07/06
According to the data released by MOFCOM, Chinese domestic steel price dipped by 0.3% from prior week in last week, indicating that the domestic steel price is still soft by and large.
Looking the market dynamics in detail, the price for hot-rolled s...
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Date:2012/07/05
Benxi Steel is going to put its CR stainless steel plant in Dandong city into commissioning this July. The plant is the wholly-owned subsidiary of Benxi Steel with total investment reaching CNY 2.0 billion after been completed and the designed capaci...
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Date:2012/07/06
Australia lowered estimates of global shipments of iron ore and metallurgical coal in 2012, as demand from China for imports of the steelmaking raw materials grew more slowly than expected. Government forecaster Bureau of Resources and Energy Economi...
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Date:2012/07/05
According to Xinhua-China iron ore price index, the domestic imported iron ore stockpiles in Chinese 25 main ports reached 97.46 million metric tons on July 2, increasing by 700 thousand tons compared to previous week. At the same time, the pr...
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Date:2012/07/06
China's domestic thermal coal market will remain challenging in the third quarter of this year due to lower power demand growth and higher hydro power utilization, according to Japanese brokerage Nomura. It also sees more non-coal-fired power al...
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Date:2012/07/04
Imported iron ore prices dipped in the week ending July 2 due to continued waning demand and overall economic woes, according to the Xinhua-China Iron Ore Price Index released Tuesday.
The price index for 63.5-percent-purity iron ore imports fell on...
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Date:2012/07/06
It is reported that for the 12th five year plan period, China targets 21 GW of installed capacity of photovoltaic power generation which surprised a number of PV makers whose businesses are currently struggling.China initially set a goal of 5GW and l...
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Date:2012/07/04
Hebei Province-based Chinese steelmaker Xuanhua Steel, a subsidiary of Hebei Iron and Steel Group, has announced that it has completed the production of 1,884 mt of 16 mm, 20 mm and 25 mm HRB 500 rebar in lengths of 10 m and 15 m which will del...
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Date:2012/07/06
Huadian Energy Co Ltd<600726><900937> announced yesterday that it expected to suffer a loss of RMB 321.5 million in the first half of this year.
Losses per share were estimated at RMB 0.16 in the period, said the company in a statement fi...
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Date:2012/07/03
According to the up-to-date news released by CISA, Chinese registered steelmakers’ overall sales income reached 310.158 billion yuan in May of 2012, decreasing by 2.05% compared to previous month. However, the actual profit just came to 1.403 ...
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Date:2012/07/06
It is reported that Taiyuan Iron&Steel Group (Tisco) and Shanxi Nonferrous Metals Group have jointly established the Shanxi Baotai New Metal Development Co., Ltd. The new firm is expected to become the world's largest titanium and stainless ...
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Date:2012/07/02
The Chinese currency Renminbi, or the yuan, strengthened 103 basis points to 6.3146 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise ...
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Date:2012/07/05
Inventories pile up amid declining energy demand, growth slowdown
Black mountains of coal stand sentinel in Qinhuangdao, 300 kilometers northeast of Beijing, in what was once called the largest coal port on Earth.
They grow ever higher due to a lack ...
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Date:2012/07/02
Chinese stocks opened higher Monday with the benchmark Shanghai Composite Index up 0.4 percent at 2,234.32.
The Shenzhen Component Index went up 0.79 percent to open at 9,575.09.
Source: Xinhua
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Date:2012/07/02
Accordingly, the domestic social steel inventory in Chinese 26 surveyed cities had ended its eighteen-month-long dip and reached 15.546 million tons in last week, rising by 0.119 million tons from prior week.
Concretely, the stockpiles for re...
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Date:2012/06/29
According to the data released by MOFCOM, Chinese domestic steel price inched down slightly in last week, indicating that the domestic steel price is still weak on aggregate.
Looking the market dynamics in detail, the price for 500*200 mm H-b...