US flat-rolled prices may be slowly inching up as a result of the increases announced last week, though at least some market sources said their primary effect has been to stall late-year price erosion. "It's tightened the range back up, ...
Tags: Construction, steel, Steel Sheet
China Petrochemical Development Corporation (CPDC) is expected to shutdown its Acrylonitrile (ACN) plant for maintenance turnaround this month. "The Da-Sheh based ACN plant is expected to remain off-steam for around 15 days from October ...
Tags: Metallurgy, Mineral, Energy, Chemicals
China's auto sales rose 19.66 percent year on year with 1.94 million units sold in September, the China Association of Automobile Manufacturers (CAAM) announced Friday. The volume is a 17.4 percent monthly increase. Auto output hit ...
Tags: Auto Sales, Automobile Makers
China's output of secondary non-ferrous metals, those recycled from scrap metals, rose 3.67 percent year on year in 2012 to exceed 10 million tonnes, almost one-third of its output of primary non-ferrous metals, an industry association said ...
Tags: Non-ferrous Metals, Scrap Metals
ChinaCache International Holdings Ltd. (Nasdaq: CCIH) declared that agreement has been inked with SmarTone to offer the latter CDN and other service. SmarTone is a leading 3G and 4G telecom service provider, operating branches in Hong ...
Tags: 3G, 4G, telecom service, Electrical, Electronics
Chongqing Iron and Steel (SHSE: 601005) announced on October 9 that monthly output of steel products hit 429,700 tons in September, growing 42.12% over a year earlier. Total output of steel products hit 40.77 million tons in the first ...
Tags: Iron, Construction, Steel
US investment bank Goldman Sachs is said to have sold out shares controlled in Chinese automaker Geely Automobile Holdings Ltd. (SEHK: 0175). Sources said on October 8 that Goldman Sachs would sell a total of 580 million shares ...
Tags: Auto, Transportation
Shanghai Zhenhua Heavy Industries has recently signed about CNY 2.9 billion contracts with home and foreign clients. The company signed a contract to sell 34 automatic rail-mounted gantry cranes with PSA Singapore, reaching CNY 500 ...
Book balance of investments made by insurance companies in equity assets is required to be not higher than 30% of total assets by the end of the previous quarter, compared with not higher than 25% in the past, according to a draft ...
Tags: Insurers'Investment, insurance, Service
CSPC Pharmaceutical Group Limited (SEHK: 1093) declared that major shareholders Jinling Investment Limited and Joyful Horizon Limited will sell 362 million and 138 million of its shares respectively for CNY 4.05 per share, taking up 13.07% ...
Import quota of crude oil for non-state-owned operation will be 29.1 million tons in 2014, according to the Ministry of Commerce.
Tags: Metallurgy, Mineral, Energy, Crude Oil
TCL Corporation predicted net profits attributable to shareholders will be CNY 950 million to CNY 1.15 billion in the first three quarters of 2013, growing about 95% to 136% over a year earlier. Net profits are predicted to hit CNY 320 ...
Tags: TCL, Consumer Electronics
Greenland Hong Kong issued USD 700 million bonds to expire in 2016, with annual interest rate of 4.75%, and the interests will be paid every half a year. Net raised capital of CNY 695 million will be used for refinancing for existing ...
Engaged in software development and system integration, PCI-Suntek Technology Co., Ltd. (SHSE: 600728) revealed that it will also participate in establishing a private bank. The company said that the private bank will be formed with other ...
Tags: Private Bank, economy, software
The Chinese steelmaker Baosteel announced to remain its domesprices unchanged for Novembertic coil . It's learned that the company decided to keep its prices for hot rolled and cold rolled carbon steel products unchanged for November. ...
Tags: Baosteel, Steel, Construction