Iron and steel output in China in 2017 is expected to fall due to the shrinking demand of steel consumption industries and continuing efforts to cut overcapacity, according to a report. Decline in demand to limit steel production Demand ...
A slowdown in China is the greatest threat to the global economy, Harvard economist Kenneth Rogoff told BBC in a curious interview in late September. "The [Chinese] economy is slowing down much more than the official figures show." As the ...
Tags: Chinese economy, global economy
Efforts to reduce China's steel production overcapacity are forging ahead according to plan, the top economic planner said Wednesday. In a medium-term roundup of the drive, the National Development and Reform Commission (NDRC) said, in an ...
Tags: steel production, overcapacity
China's steel production capacity is likely to peak in 2016 as capacity is eliminated, gradually outpacing additions, Fitch Ratings has predicted. The rating agency expects China's steel production capacity to increase to about 1.17 ...
Tags: steel production, Steel
China's iron ore demand is falling, but its share of imports from mining giants Australia and Brazil is rising, which is squeezing smaller miners and curbing their supply. China imported 453.1 million mt of iron ore in January-June, with ...
China will accelerate the overhaul of its overly-invested iron and steel sector to bring it back to a "basically balanced level" by 2017, the industry ministry said. The Ministry of Industry and Information Technology (MIIT) said it would ...
Tags: Steel Industry, Iron Steel
Global crude steel production in November this year slightly increased by 0.1 percent year on year, amounting to 130.5 million metric tons, while a 4.5 percent decrease was observed on month-on-month basis, according to the World Steel ...
Tags: Crude Steel Output, Mineral
Because of the slowdown of real estate and less investment in infrastructure construction, China’s steel and iron demand will show a slight growth in 2015. According to the report by China Metallurgical Industry Planning and Research ...
In October this year, China's crude steel output amounted to 67.52 million mt, down 0.3 percent year on year, as announced by China's National Bureau of Statistics (NBS) on November 13. During the given month, the average daily crude steel ...
Tags: Crude Steel, crude steel output
Shanghai-based Chinese steelmaker Baoshan Iron and Steel Co. Ltd (Baosteel) has issued its financial report for the first nine months of the current year, announcing an operating revenue of RMB 143.592 billion ($23.39 billion), up 0.93 ...
Ukrainian mining and steel producing group Metinvest has announced its results for the third quarter and the first nine months of the current year. According to its results, Metinvest's crude steel production decreased by 42 percent to ...
Tags: mining, crude steel
Alacero, the Latin American steel association, has reported that in the January-August period of this year apparent finished steel use in Latin America and the Caribbean totaled 46.2 million mt, up one percent as compared with the same ...
Tags: Finished Steel, crude steel
Argentina’s crude steel production increased 0.3 percent year-over-year in September to 463,800 mt, according to the country’s steel chamber, CAA . Meanwhile, September crude steel production decreased 0.8 percent ...
Tags: Argentina, Crude Steel Production, Energy
Swedish specialty steel producer SSAB has posted its financial results for the first nine months of the current year, reporting a net profit of SEK 418 million ($56.9 million), compared to a net loss of SEK 849 million in the corresponding ...
In the January-September period of the current year, China's crude steel output amounted to 618.00 million mt, up 2.3 percent year on year, as announced by China's National Development and Reform Commission (NDRC). The growth rate in ...