An insider from China's Ministry of Industry and Information Technology (MIIT) has disclosed that the ministry is carrying out checks on a second batch of domestic steel enterprises to see whether they conform with required standards in the ...
Tags: Steel Overcapacity, MIIT
In the first half of the current year, China's total crude steel output was 390 million mt, up 7.4 percent year on year, according to a report on overall Chinese industry in the given period released by China's Ministry of Industry and ...
Tags: Crude Steel Output, Mineral
It’s reported that the Chinese steel giant Wuhan Iron and Steel Corp. (WISCO) has acquired ThyssenKrupp Tailored Blanks successfully and the two parties have completed the relative transfer procedures. ThyssenKrupp Tailored Blanks ...
Tags: Tailored Blanks, Mineral
In July this year, the purchasing managers' index (PMI) of China's steel sector increased to 52.5 percent, exceeding 50 percent for only the second time since February this year, as announced by the China Steel Logistics Committee (CSLC) ...
Tags: Steel Sector, Mineral
On July 22, Beijing-based state-owned China Metallurgical Group Corporation (MCC) announced that the new high-speed wire rod production line of Sichuan Province-based Chinese steel producer Weiyuan Iron and Steel Co. has commenced ...
Tags: Weiyuan Steel, Wire Rod Line
The Chinese steel giant Baosteel has commissioned Mitsubishi Heavy Industries who is a Japanese multinational engineering, electrical equipment and electronics company to build 2030 mm cold rolling mill for expansion after ordering 2250mm ...
Tags: CR Mill, Construction, steel
In the first half of this year, the Chinese iron ore spot trading platform China Beijing International Mining Exchange (CMBX) recorded the conclusion of 84 deals for a total of 7.5594 million mt of iron ore, exceeding the 7 million mt ...
On July 8th, the list of 2013 Fortune Global 500 Companies was released. Baosteel was ranked No. 222 with operating revenue of 45,682.7million USD and net profits of 918.8million USD. It had been consecutively ten years that Baosteel was ...
Tags: Metallurgy, Mineral, Energy, steel
Reportedly, the Chinese steel giant Baosteel announced to cut its export prices for austenitic stainless steel coils by US$100/ton due to lower nickel prices. The official of Baosteel stated that the company decided to cut austenitic ...
Tags: Baosteel, Austenitic Stainless
It's reported that the Chinese steel giant Baosteel released its price policy for August. The company decided to remain its list prices for steel flat products including hot rolled, cold rolled and galvanized steel products unchanged for ...
According to report of the Latin American steel association (Alacero), Latin America’s steel imports from China totaled 1.2 million tons in the first five months of this year, accounting for 10% of global exports of steel from China. ...
Tags: Steel Imports, Mineral
Anshan Iron and Steel Group Corporation (Ansteel), a Liaoning Province based leading Chinese steel producer has commissioned Siemens to build a new slitting production line. This project is mainly to use the slitting line to cut high ...
Tags: Slitting Line
Shagang, a Jiangsu Province based and also largest reputable private owned leading Chinese steel enterprises has instructed WISDRI Engineering & Research Incorporation Limited to conduct an official hot run test on two cold rolled ...
Tags: CR Silicon Steel, Mineral
In the January-May period of this year, the aggregate gross profit of 65 major steel enterprises in China's Hebei Province totaled RMB 239 million ($39 million), down 91.5 percent compared to RMB 2.817 billion in the same period of last ...
Tags: Steel Enterprises, Mineral
According to announcement made by China Metallurgical Group Corporation (MCC), Tangshan Steel, one of largest leading Chinese steel company has commissioned WISDRI Engineering & Research Incorporation Ltd to build auto steel sheet ...
Tags: Steel Sheet, Steel, Construction