Residents in Tangshan are very familiar with the concept of oversupply. A severe glut in the steel industry has put many jobs at risk in the northeastern Chinese city that counts the metal as one of its primary exports. But the oversupply ...
Tags: Housing Market, Crashing Down
Jiangsu Province-based Chinese steelmaker Shagang Iron and Steel Co. has announced that it will issue its first set of short-term bonds in the current year on May 8, worth a total of RMB 2 billion ($326 million), for a term of 365 days. ...
Tags: steelmaker, Iron, Steel
The seaborne iron ore market reversed losses Thursday, as an influx of buying activity suddenly emerged in the spot market. Platts assessed the 62% Fe Iron Ore Index at $116.25/dry mt CFR North China Thursday, up $1.50/dmt from Wednesday. ...
Tags: Iron Ore, Interest Resurfaces, spot market
Spot LPG prices retreated slightly in South China this week due to rising supply, local traders said Friday. Propane-rich imported LPG cargoes traded at around Yuan 6,700-6,750/mt ($1,090-1,098/mt) in the Pearl River Delta and around Yuan ...
Tags: LPG Prices, Guangdong Market
The ferrous scrap market in eastern China remained quiet this week, keeping in step with the rebar market's trend. Demand from steelmakers has not fully recovered as the finished steel markets have remained sluggish. Media reports that ...
The ferrous scrap market was stable in eastern China this week, in tandem with the finished steel and rebar futures markets, market participants said Friday. Most traders were bearish, expecting further price cuts in the short term. ...
Tags: Ferrous Scrap, Rebar, finished steel
Not content with selling gas domestically, some of China's private gas distribution companies are becoming increasingly ambitious and are planning to enter the LNG import business, competing directly with state-owned LNG buyers such as ...
Tags: Gas, LNG Imports, Natural Gas
East China's ferrous scrap prices fell sharply this week amid weaker raw material, finished steel and steel futures markets in the first-half of the week. Platts assessed heavy scrap over 6 mm at Yuan 2,320/mt ($377/mt) on a delivered ...
Tags: Ferrous Scrap, Raw Material, Steel Markets
Chinese steelmakers cut their scrap purchase prices steadily this week, following the downward trend in futures and steelmaking raw materials markets, led by Shagang Group, the country's largest scrap consumer in eastern China's Jiangsu ...
Tags: Steelmakers, Iron Ore, raw materials
Machine-tool maker Goodway Machine Corp. and its subsidiary, Awea Mechantronic Co., Ltd., made more money than expected last year. Goodway and the subsidiary together generated after-tax net income of NT$534 million (US$17.8 million), or ...
Tags: tool maker, medical-equipment, Machine-tool
China's iron ore import prices are likely to come under pressure in March, as the expected increase in domestic steel output is unlikely to offset the impact of persistent iron ore oversupply in China, the China Iron & Steel Association ...
Tags: Iron Ore, Steel Demand
Jiangsu Province-based Chinese steelmaker Shagang Iron and Steel Co. has announced that in 2013 it recorded an operating revenue of RMB 10.7 billion ($1.75 billion), down 11.56 percent, while it achieved a net profit of RMB 26.2524 million ...
Tags: Shagang, net profit, reducing costs and revising product structure
Jiangsu Province-based Chinese steelmaker Shagang Group has announced that it plans to construct bonded warehouse facilities as well as shearing facilities in Jiulong Steel Logistics Park in Jiangsu. Accordingly, Shagang Group will invest ...
Tags: Shagang, steelmaker
Government incentives help focus efforts on power plant development Chinese solar panel makers are looking to invest in solar power farms to boost earnings after a drop in panel prices due to oversupply. Hit hard by trade disputes as ...
Tags: Solar Panel, Energy
Having grown into the world’s factory through an abundance of cheap labor, China is now rushing to introduce industrial robots in response to rising wages and a worker shortage created by its one-child policy. The casting industry ...