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Steel Companies Swing Back to Profit

Sep 16, 2016

China's steel industry improved its profitability in the first seven months, due to rising steel prices, an industry insider said Saturday. Although sales revenues of 373 steel companies fell 11.91 percent to 1.5 trillion yuan (225 ...

Tags: Steel Companies, steel industry

Li Pledges to Cut Back on Overcapacity

Dec 4, 2015

Premier Li Keqiang has pledged "firmer resolve and greater efforts" to tackle the long-standing problem of industrial overcapacity as "old growth drivers" such as manufacturing and investment continue to struggle. China is experiencing a ...

Tags: high-tech industries, Overcapacity

Retail Fuel Prices Will Be Lowered Slightly

Jul 8, 2015

Global woes drag crude prices, as demand continues to decline in China Retail fuel prices will be lowered slightly from Wednesday to better reflect the global fall in crude prices and the glut in the market, the nation's top economic ...

Tags: Gasoline Price, Crude Prices

Industry Partners Joined Hands to Set up The Steel E-Commerce Research Center on Monday

May 20, 2015

The China Steel and Iron Association and several industry partners joined hands to set up the Steel E-commerce Research Center on Monday, with an eye on upgrading and transforming the industry reeling from low profits. The research ...

Tags: Steel Companies, Online Success

Steel Mills Change Exports Due to Stagnant Market

Apr 30, 2015

First-quarter steel exports surged 40.7 percent to 25.78 million metric tons as mills responded to weak domestic demand and falling prices, the China Iron and Steel Association said on Wednesday. "Although domestic steel companies face ...

Tags: Steel Mills, steel exports

Chinese Steelmakers Eyes on Overseas Markets

Nov 10, 2014

Although 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

Russian Steel Member Companies' Finished Steel Output Rises in May

Jul 8, 2014

Russkaya Stal (Russian Steel), a non-prot association of Russian domestic steelmakers, has reported that its main member enterprises produced 4.77 million mt of finished steel in May this year, up 2.5 percent from April and also increasing ...

Tags: Metallurgy, Mineral, Steel

Wu Wenzheng:The Overcapacity Problem in China Cannot Be Resolved in The Short Term

Apr 23, 2014

Speaking at SteelHome's 10th Steel Development Strategy Conference held in Shanghai over the weekend, Wu Wenzheng from SteelHome indicated that the overcapacity problem in China cannot be resolved in the short term, adding that many steel ...

Tags: Overcapacity Problem, crude steel demand

Mechel Provides for an Increase in Coking Coal Supplies to China's Baosteel

Apr 15, 2014

Mechel, one of the leading Russian mining and steel companies, has announced that its contract with Baosteel Resources, the raw materials-focused wholly-owned subsidiary of Chinese steelmaking major Baosteel, which provides for an increase ...

Tags: mining, steel companies, Mechel

Worldsteel Has Revised Down 2014 Global Apparent Steel Consumption Growth Forecast to 3.1%

Apr 10, 2014

According to the short range outlook of the World Steel Association (worldsteel) for 2014 and 2015, the worldsteel Economics Committee has revised down its global apparent steel consumption growth forecast to 3.1 percent from the growth ...

Tags: Apparent Steel Use, Worldsteel

64 CEOs of European Steel Companies Have Urged The Heads of State and Governments

Mar 14, 2014

The European Steel Association (EUROFER) has stated that 64 CEOs of European steel companies have urged the heads of state and governments in Europe to restore the balance between industrial, energy and climate policies in order to preserve ...

Tags: Steel, Mineral, Energy, industrial

The Profitability of Steelmakers Based in China's Hebei Province Remained Low in 2013

Mar 6, 2014

The profitability of steelmakers based in China's Hebei Province remained low in 2013, with 16 percent of key steel companies in the province suffering losses, according to media reports citing the recent 2014 board meeting of the Hebei ...

Tags: steelmakers, steel industry

Mexico Is Excluded From Application of Trade Safeguards Regarding 4 of Exported Products

Feb 20, 2014

Now that Mexican President Enrique Pera Nieto has signed the Pacific Alliance between Mexico, Peru, Chile, Colombia and Costa Rica, Mexican steel companies await notice that Mexico is excluded from the application of trade safeguards ...

Tags: Steel Exporters, Mineral

Chinese Iron Ore Demand Slackens Amid Slower Steel Production

Feb 12, 2014

Iron ore demand intensity in China will fall further amid continuous drops in steel market prices and lower steel outputs, the China Iron and Steel Association (CISA) said in its monthly report published on its official website. Chinese ...

Tags: Iron Ore, Steel, Low Steel

Ongoing Urbanization Will Still Strongly Support Demand for Iron Ore and Steel Products

Jan 20, 2014

ZHANG CHENGLIANG/CHINA DAILY Although China's economic growth is slowing down, ongoing urbanization will still strongly support demand for iron ore and steel products for a long time. "We have confidence in China's iron ore demand because ...

Tags: Iron Ore, Steel

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