E-commerce took off in the steel sector in 2013 as the ailing industry competes to cut costs, Dong Baoqing, an official at the Ministry of Industry and Information Technology, said at a -forum in Shanghai on Sa-turday. ...
Tags: Steel Firms, Mineral
China's largest steel base, Hebei province, will cut 67.26 million metric tons of capacity by 2017 without putting too much emphasis on local growth in gross domestic product in order to create a sustainable development of the industry and ...
Tags: Steel Capacity, Pollution
China will encourage Chinese steel enterprises suffering from overcapacity to transfer their businesses to overseas markets where the steel market is still very big, a top official was quoted in a statement published on the website of the ...
Tags: steel enterprises, steel industry
In order to sustain profits, the Indian steel companies such as JSW Steel, Essar Steel, and Mukand Steel plan to increase price by RS 1,500/ton in January, 2014. It’s learned that the price rise is driven by higher costs of iron ore ...
Tags: steel, metallurgy
Tangshan Iron and Steel Group Co Ltd is leading the effort to go abroad as the country's steel and iron industry struggles with overcapacity, reports Du Juan from Tangshan, Hebei province Against the background of the overcapacity problem ...
Tags: Steel Capacity, Mineral
Overcapacity and low prices are eating into steel companies' profits, an industry specialist said. Zhang Changfu, secretary-general of the China Iron and Steel Association, said on Sunday that the profits of China's steel companies in the ...
Tags: Steel Companies, Mineral
It is reported that Japan JFE steel announced to develop the first continuous hot galvanizing in Indonesia, the production line by JFE steel subsidiaries Indonesia JFE galvanizing steel companies to create and operate. The new plant will ...
Tags: JFE, steel, galvanizing steel
At the 75th Organization for Economic Co-operation and Development (OECD) Steel Committee meeting held recently in Paris, Alacero, the Latin American steel association, said the current situation in the steel industry is becoming critical ...
Tags: steel, metallurgy
Chinese steelmakers' profits will remain low next year as output remains high and demand growth slows, said industry experts. The ratings agency Moody's Investors Service said on Wednesday that its outlook for the Asian steel and coal ...
Tags: Steel Sector, steel capacity
In a move designed to combat overcapacity in the steel sector, China will relocate some factories and encourage more companies to invest in overseas projects, said an official with the country's top planning agency. Li Zhongjuan, an ...
Tags: Metallurgy, Mineral, Energy
China's economic planners are taking an increasingly hawkish stance on the overcapacity issue, reportedly mulling a "white list" for the next campaign. Several central ministries, including the National Development and Reform Commission, ...
Tags: overcapacity, White List
China's listed steel companies posted a net profit of 5.85 billion yuan ($960 million) in the first three quarters, reversing an industry-wide loss from a year earlier, China Securities Journal reported over the weekend. A total of 33 ...
Tags: Solid Profits, Steel
In another sign of the government's resolve to tackle the problem of excess industrial capacity, the Ministry of Land and Resources will reject applications for land acquisition by companies in sectors with low capacity utilization ratios. ...
Tags: Surplus Capacity, Mineral
China will further open its mining sector to overseas investors and encourage them to participate in resource exploration and utilization and the development of shale gas, said a senior official on Sunday. "The Chinese government has ...
Tags: Mining Industry, Mineral
Most domestic steelmakers are seeing an improvement in their third-quarter performance. Fifteen of the 20 listed steel companies that issued third quarter reports made profits, as opposed to last year, when up to 90 percent of the steel ...
Tags: Steel Industry, Steelmakers