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Largest Smelter Sees Big Profits

Oct 31, 2016

Baosteel Group, the largest steel smelter in China by output, has predicted yearly profit growth of six to eight fold this year. The company registered 8.1 billion yuan ($1.2 billion) of profits in the first three quarters, up 174.6 ...

Tags: Iron, Steel, Steed Bar, Medium Plates, Cold-Rolled Sheets

Steel Prices in China Rise Mildly

Oct 12, 2016

Steel prices in China, the world's biggest steel producer and consumer, rose mildly last week as market sentiment improved slightly but demand remained subdued, latest industry data showed. China's steel industry has long been plagued by ...

Tags: Steel

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

China Makes Headway in Steel Capacity Cut

Aug 11, 2016

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

Steel Prices Increased Starting in March of 2016

May 15, 2016

China still faces severe steel oversupply, and a recent price surge is only due to temporary market expectations, a senior official said on Thursday. Steel prices increased significantly starting in March and declined mildly in May, as ...

Tags: steel oversupply, steel

CSC of Taiwan Chalks up 54% Monthly Growth in Pretax Profits of NT$346 M.

Sep 21, 2015

Mainly benefiting cost savings from utilization of in-stock raw materials procured earlier at lower prices, Taiwan-based China Steel Corp. (CSC), the island's largest steelmaker by size, therefore chalked up a 54-percent growth in pretax ...

Tags: raw material, global market, coking coal, iron ore

China Steel Market Reaction to Interest Rate Cut

May 11, 2015

Steel markets in China showed little reaction to the central bank's third interest rate cut in six months Sunday, May 10, with some citing the small magnitude of change as a reason. Spot offers for 18-25 mm diameter HRB400 rebar, a key ...

Tags: Steel Market, Iron Steel

Hand Tools Manufacturer in China

Oct 22, 2014

Hand tools manufacturer in China producing the product category most often mostly Fastening Tools products, such as basic hand drill, impact wrench sets and modular, etc., but these products have a high growth potential. Currently, the ...

Tags: Hand Tools, Hardware

Cevital Files a Binding Bid to Acquire Lucchini's Steelmaking Plant

Oct 22, 2014

Algerian food processor Cevital has filed a binding bid to acquire Lucchini's steelmaking plant in Piombino in Italy's Tuscany region, as announced by Lucchini on October 20. Lucchini added that special commissioner for Lucchini, Piero ...

Tags: food processor, Algerian Group

The Spot Price of Charge Chrome Down a Week Ago

Oct 20, 2014

The spot price of South Africa-origin charge chrome (48-52% Cr) was assessed by Platts at 79-80 cents/lb CIF on Friday, down from 80-81 cents/lb CIF China a week ago, on slow demand and ample supply. A deal was confirmed at 80 cents/lb ...

Tags: Ferrochrome, Chrome Import, Metallurgy

Inventory of Iron Ore at 33 Major Chinese Ports up 0.54% as of September 15

Sep 18, 2014

As of September 15, inventory of iron ore at 33 major Chinese ports amounted to 109.65 million mt, up 590,000 mt or 0.54 percent compared to the inventory level recorded on September 8, as announced by China's Xinhua News Agency on ...

Tags: Iron Ore, Metallurgy

China's Finished Steel Output Increased Slightly

Sep 15, 2014

In August, China's finished steel output increased slightly, while domestic finished steel prices continued to soften in the given month due to slower economic growth, with the finished steel price decreases contributing to significant ...

Tags: finished steel, Iron Ore

Baogang Registered an Operating Revenue of RMB 14.672 Billion in The First Half of 2014

Aug 29, 2014

Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang) has announced that in the first half of the current year it registered an operating revenue of RMB 14.672 billion ($2.38 billion), down 23.70 percent year on year, ...

Tags: Baogang, steelmaker

Fujian Sangang Issued Its Financial Results for The First Half of The Current Year

Aug 27, 2014

Fujian Province-based Chinese steelmaker Fujian Sangang (Group) Co. issued its financial results for the first half of the current year on August 25, announcing a net loss of RMB 43.1284 million ($7.01 million) compared to a net loss of RMB ...

Tags: Fujian Sangang, Financial Results, Metallurgy

China's Average Daily Crude Steel Output Exceeded 2.2 Million Mt

Aug 25, 2014

Speaking at the 2014 China Coal, Coke & Steel Industries Conference (CCIC) held in Qingdao on August 21, Wang Xiaoqi, vice chairman of the China Iron and Steel Association (CISA), stated that in the first seven months of the current year ...

Tags: Crude Steel, Metallurgy

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