In January this year, China exported 248,114 mt of stainless flat steel, up 19 percent compared to 208,340 mt in December and up 70 percent year on year. The growth is mainly attributed to the strong demand from Asian markets as well as low ...
Tags: Stainless Steel, Mineral
Major Chinese steelmaker Baosteel has announced that it has signed a cooperation agreement with Netherlands-based Nedschroef Group, a leading global producer of fasteners. Accordingly, Baosteel's high-strength cold forging steel will be ...
Tags: Baosteel, steelmaker
The Aluminum Corporation of China's 2013 alumina and refined aluminum production costs fell by 9% and 5%, respectively, year on year, the Hong Kong-listed producer said in its annual report filed with the Hong Kong Stock Exchange late ...
Tags: Aluminum Production, Mineral
The depreciation of the Chinese renminbi (RMB) in the last few days is likely to benefit the Chinese clothing sector, according to experts. In mid-February 2014, the exchange rate was US$ 1 = 6.06 yuan, which has depreciated to 6.15 ...
Tags: Clothing Sector, RMB Depreciation
The rally in the gold price lost some steam on Wednesday, after traders booked profits from the metal's strong showing in February and a stronger dollar curbed demand. In lunchtime trade on the Comex division of the New York Mercantile ...
Tags: Gold Market, Precious Metals
Ever since the Japanese government passed the Act on Special Measures concerning the Procurement of Renewable Energy in July, 2012, the amount of grid-connected installation in Japan continued to increase. A research division of TrendForce, ...
Tags: PV Systems, PV Installation
BASF will build a new world scale production plant to manufacture specialty amines at its existing wholly-owned site in the Nanjing Chemical Industry Park in China. The plant, which is scheduled to come on stream in late 2015, will have ...
Tags: BASF, Specialty Amines
Jiangxi Province-based Chinese steelmaker Fangda Special Steel has announced its preliminary plans to carry out 40-day maintenance work on its 450 m3 blast furnace No. 3 from March 15. The production halt during the maintenance work is ...
Sichuan Province-based Chinese steelmaker Panzhihua Iron and Steel Co. (Pangang Group) has announced that it plans to issue short-term bonds worth a total of RMB 3 billion ($483.9 million) on March 4. This will be the company's first ...
Hunan Province-based Chinese steelmaker Hunan Valin Iron & Steel Co. (Hunan Valin Steel) has announced that in 2013 its net profit amounted to RMB 106 million ($17.26 million), compared to a net loss of RMB 3.254 billion in 2012. Valin ...
Tags: Valin Steel, Mineral
In February this year, the purchasing managers index (PMI) for the Chinese steel sector stood at 39.9 percent, down by 0.8 percentage points as compared to January, falling to the lowest level since September 2012, as announced by the China ...
Tags: Steel Sector, Mineral
Global Logistic Properties Limited (“GLP”), the leading provider of modern logistics facilities in China, Japan and Brazil, is expanding its relationship with COFCO, China’s largest supplier of agricultural and food ...
Tags: Global Logistic Properties, COFCO
Chinese automobile manufacturer Zhejiang Geely Holding has acquired UK-based electric-vehicle startup Emerald Automotive for an undisclosed amount. According to Emerald, Geely will invest a minimum of $200m to help the company develop ...
Tags: Electric Vehicle, Geely Group
Chemical tanker Bochem Oslo is preparing to load a substantial volume of ethanol from Rotterdam before heading to Fujairah, in the United Arab Emirates, as multi-year low European prices beat competition from the US and Brazil, market ...
Tags: Vessel, Rotterdam Ethanol
The U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE) are honoring 127 organizations for their commitment to protecting the environment through superior energy efficiency. Recipients of the 2014 Energy Star ...
Tags: Electrical, Electronics, Certification, EPA