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Chinese Steelmakers
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India Fomento to Ship Its 1st Iron Ore Since Mining Ban Nov 5-15: Sources
Nov 4, 2015West coast Indian miner Fomento Resources has offered a cargo of 57%-Fe iron ore fines material through a spot tender Thursday, making this the first iron ore shipment the miner will send out of Goa after the state's mining bans were ...
Tags: Fomento Resources, seaborne prices, Iron Ore
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Govt Is Supposed to Support China's Steel Industry
Mar 9, 2015Chinese steelmakers are facing more headwinds this year as economic growth slows and need government support to tackle long-term overcapacity, the chairman of Anshan Iron & Steel Group said. China's steel sector has been struggling with ...
Tags: Steel, Metallurgy, Mineral
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Chinese Steelmakers Eyes on Overseas Markets
Nov 10, 2014Although dwindling domestic demand and excess capacity have shrunk profit margins for most Chinese steelmakers, it has inspired some to tap overseas markets for sustained, long-term growth. Hebei Iron &Steel Co, China's second-largest ...
Tags: Chinese Steelmakers, Iron, Steel
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Overall Sales Revenues of China's 88 Large and Medium-Size Steelmakers Totals RMB 2.4142tn
Oct 21, 2014According to the China Iron and Steel Association (CISA), in the January-August period this year the overall sales revenues of China's 88 large and medium-size steelmakers - all CISA members - totaled RMB 2.4142 trillion ($393.19 billion), ...
Tags: Steelmakers, Metallurgy
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NSSMC Has Announced Its Financial Results for The First Quarter Ended June 30
Aug 12, 2014The world's second biggest steelmaker Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced its financial results for the first quarter ended June 30 of the financial year 2014-15, posting a net profit of JPY 48.3 billion ...
Tags: NSSMC, announce, financial results
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China's Steelmakers Overall Sales Down 0.53 Percent Month on Month
Jun 30, 2014According to the China Iron and Steel Association (CISA), in May this year the overall sales revenue of China's 80 large and medium-size steelmakers - all CISA members - totaled RMB 316.655 billion ($51.66 billion), down 0.53 percent month ...
Tags: Steelmakers, Iron, Steel
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SGX Will Launch Coking Coal Swaps Contracts in July Settled Against Prices Produced by TSI
May 9, 2014The Singapore Exchange (SGX) will launch two coking coal swaps contracts in July settled against prices produced by The Steel Index (TSI), to capitalize on growing interest in steel raw materials derivatives, the exchange said in a ...
Tags: Coking Coal, coking coal futures
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The Seaborne Iron Ore Market Reversed Losses as an Influx of Buying Activity Emerged
Apr 21, 2014The 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
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Chinese Steelmakers Cut Their Scrap Purchase Prices Steadily This Week
Mar 17, 2014Chinese 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
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Spot Sales Amount to an Average of 25% of Australian Coal Majors' Books in 2013
Feb 24, 2014Around a quarter of Australian metallurgical coal is sold on a spot basis following a significant increase in production and the fact that the primary buyer, China, prefers short-term pricing, an analysis of Platts data and a survey of ...
Tags: Coal Market, Spot Pricing
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Commission Encourages Chinese Steelmakers to Boost Global Footprint
Feb 7, 2014Commission encourages Chinese steelmakers to boost global footprint Chinese steelmakers that have lost money because of volatile global iron ore prices should invest more in foreign mineral resources to gain greater pricing power, the ...
Tags: NDRC, Chalco, steelmaker, persist
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Platts Assessed 99.7% Manganese at $2,170-2,220/Mt FOB China Thursday
Jan 20, 2014Electrolytic manganese metal prices remained stable for two consecutive weeks as a fall in spot supply balanced waning demand from international buyers. Platts assessed 99.7% manganese at $2,170-2,220/mt FOB China Thursday, unchanged from ...
Tags: Electrolytic manganese, Manganese
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Baotou Steel Union Will Raise Us$4.9 Billion Private Share Placement
Jan 7, 2014It is reported that one of the biggest Chinese steelmakers Baotou Steel Union will raise US$4.9 billion private share placement in order to buy assets from its parent and replenish working capital. The Inner Mongolia-based company said in ...
Tags: steel, metallurgy
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Chinese Steelmakers' Profits Will Remain Low Next Year
Dec 13, 2013Chinese 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
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China's Automotive Industry Develops Rapidly
Dec 9, 2013The World Steel Association (worldsteel) co-hosted with the China Iron and Steel Association (CISA) and the China Council for the Promotion of International Trade, Automotive Industry Committee (CCPIT-Auto) a major one day conference on ...
