On April 25, Shanghai-based Chinese steel giant Baoshan Iron and Steel Co. Ltd (Baosteel) issued its financial results for the first quarter of this year, indicating a net profit of RMB 1.628 billion ($262 million), up 33.3 percent on ...
Tags: Baosteel, Net Profit
The dollar has fallen sharply following news of slower economic growth in China. At 5pm AEST today, the Aussie was at $US1.0433, down from $US1.0546 on Friday afternoon. CMC markets foreign exchange dealer Tim Waterer said the currency ...
The Australian dollar fell sharply in Asian trading yesterday on news that economic growth in China, Australia's largest trading partner, was much slower than expected in the first quarter of this year. At 5pm AEST, the dollar was buying ...
Tags: Aussie Dollar, GDP growth
According to the short range outlook of the World Steel Association (worldsteel) for 2013 and 2014, worldsteel Economics Committee revised down its global apparent steel consumption growth forecast to 2.9 percent from its October 2012 ...
Tags: steel, Metallurgy, Mineral, Energy
Manufacturing activity in China expanded at its fastest pace in almost a year last month, according to latest industry data. The official purchasing managers' index (PMI) hit 50.9 in March, the highest since April 2012 when the figure ...
In March this year, the China HSBC Flash Manufacturing Purchasing Managers Index (PMI) increased to 51.7, higher compared to the final value of 50.4 in February, as announced by the HSBC. The sub-index measuring factory output rose in ...
The Australian dollar tumbled to its lowest level in eight months in Asian trading yesterday after China announced new measures to cool property prices, fuelling speculation that demand for Australia's commodities may weaken. The dollar ...
Tags: Australian dollar, commodities, trading
Ugur Dalbeler, chairman of IREPAS, the global association of producers and exporters of long steel products, as well as CEO of Turkish steelmaker Colakoglu Metalurji, has said that in 2013 the main problem in the steel industry will ...
Tags: steel products, steel, steel industry
The sharemarket rose yesterday as defensive and high-yield stocks had broad-based gains after stronger-than-expected German business confidence data brightened the eurozone economic outlook and US earnings reports beat expectations. The ...
Tags: earnings, stocks, sharemarket
Australian iron ore miner Atlas Iron has announced it shipped a record 1.74 million wet metric tons of iron ore in the quarter ended on December 31, up 25.9 percent compared to the same quarter of 2011. Atlas stated that iron ore prices ...
Tags: iron ore, iron ore miner, iron ore prices
In January this year, the China HSBC Flash Manufacturing Purchasing Managers Index (PMI) increased to 51.9, indicating a 24-month high and comparing to the final value of 51.5 in December 2012, as announced by the HSBC. The production ...
Tags: manufacturing sector, economy, HSBC
The Australian dollar was higher late in local trade after China's economy grew more quickly than expected in the fourth quarter, helping cement views that the world's second-largest economy is recovering from a more than two-year slowdown. ...
Tags: Dollar, Australian dollar, economy
Soaring demand from regular importers like China and Bangladesh has led to a major hike in cotton yarn export registrations in India,which now prevail at two-year high levels. According to a Business Standard report based on the ...
The Australian sharemarket closed higher, following an afternoon run on the back of economic data from China showing exports rose by 14.1 per cent. At the close, the benchmark S&P/ASX200 index was 14.9 points, or 0.32 per cent higher at ...
Tags: Shares, China exports, sharemarket, Ordinaries index
According to data released by China’s Customs, China exported 294,388 tons of welded steel pipes in November, rising by 28% from a month ago. Among them, the exports of line pipes totaled 139,555 tons, jumping by 55.2% from ...
Tags: China, welded steel pipes, export, Chinese economy