Economy
Economy
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Bayi Steel Indicated a Net Profit of RMB 155 Million,Down 67.77 Percent
Jan 21, 2013On January 17, Xinjiang-based Chinese steelmaker Bayi Iron and Steel Co. (Bayi Steel), a subsidiary of Chinese steel giant Baosteel Group, issued its financial results for 2012, indicating a net profit of RMB 155 million ($25 million), down ...
Tags: Bayi Steel, Nanjiang Steel, steelmaker
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China's Crude Steel Output Indicats an Increase of 2.3 Percent Compared with Dec 2012
Jan 21, 2013The China Iron and Steel Association (CISA) has stated that in early January (Jan. 1-10) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1,674,900 mt, up 3.8 percent ...
Tags: crude steel output, crude steel, Iron, Steel
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In 2013 The Company Expects to Achieve Annual Sales Revenue of RMB 26.8 Billion
Jan 21, 2013Henan Province-based Chinese steelmaker Anyang Iron and Steel Group Co. has announced that it plans to produce 7.75 million mt of crude steel, 8.3 million mt of pig iron and 6.7 million mt of finished steel in 2013. Meanwhile, in 2013 the ...
Tags: Anyang Steel, Steel, steelmaker
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Baogang Group Announced a Sales Revenue Target of RMB 59 Billion
Jan 21, 2013Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) has announced a sales revenue target of RMB 59 billion ($9.46 billion) and a consolidated net profit target of RMB 510 million ($81.7 million) for 2013. ...
Tags: Baogang Group, steelmaker, steel
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The Total Value Added of The Industrial Enterprises Above Designated Size Was up by 10.0%
Jan 21, 2013In December 2012, the total value added of the industrial enterprises above designated size was up 10.3 percent year-on-year (the following growth rates of value added are real growth rates, after deducting price factors), 0.2 percentage ...
Tags: Industrial Production, value, heavy industry
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Shagang Group Announced That in 2012 Its Sales Revenue Amounted to RMB 218 Billion
Jan 18, 2013Jiangsu Province-based Chinese steelmaker Shagang Group has announced that in 2012 its sales revenue amounted to RMB 218 billion ($34.6 billion), up five percent year on year. Meanwhile, in 2012 the group achieved pre-tax profits of over ...
Tags: steelmaker, steel, finished steel
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Majority of The Steel Mills in China Posted Lower Profits in Steel Production in 2012
Jan 18, 2013It's reported that the majority of the steel mills in China posted lower profits in steel production in 2012, suffered by high raw material cost, weak market demand and oversupply problem. As results, the profit of steelmakers in Hebei ...
Tags: Steel, Steel Mills
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Chinese Imports to Japan’s Reduction Expand in November
Jan 17, 2013On December 10, Chinese customs office published the report of the November trade statistics, the report shows that Chinese imports to Japan fell 15.1% compared with the last year, a decrease of 10.2%, the reduction is keeping expanding. ...
Tags: trade statistics, Imports, reduction
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CSC Is Going to Release Its Price Policy for Steel Wires and Bars for March
Jan 17, 2013China Steel Corp. (CSC), the largest carbon steel maker in Taiwan is going to release its price policy for steel wires and bars for March. Industry sources expected that CSC would hike its prices for steel wires and bars for March ...
Tags: steel wires, Steel Corp, carbon steel maker
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Tung Ho Steel's Sales Revenues in The Fourth Quarter of 2012 up Slightly
Jan 17, 2013Tung Ho Steel, one of the major electric furnace mills and steel long products suppliers in Northern Taiwan announced that its sales revenues in the fourth quarter of 2012 totaled NT$8.631 billion, up slightly from a quarter ago. The ...
Tags: Steel, steel products, rebar
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Australian Dollar Rose Steadily as Chinese Stocks Started Week with Strong Performance
Jan 15, 2013The Australian dollar rose steadily yesterday as Chinese stocks started the week with a strong performance. However, it was well down on Friday. The Shanghai Composite index was up 2.1 per cent, buoyed by remarks from the head of China's ...
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Australian Shares Rose Slightly as Global Equity Markets Remained Supported
Jan 15, 2013Australian shares rose slightly yesterday as global equity markets remained supported by tentative signs of improvement in China's economy. Fund managers tipped continued yield-based demand for Australian equities in particular, although ...
Tags: China, shares, global equity markets, economy
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Rodex Fasteners's Sales Revenue in Last December Down by 4.34% Month on Month
Jan 15, 2013Rodex Fasteners, one of the major stainless steel fasteners makers in Taiwan, has announced its sales revenue in last December totaled NT$122 million, down by 4.34% month on month. In the fourth quarter of last year, the ...
Tags: stainless steel fasteners, Rodex Fasteners, flat market
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Wisco Announced to Leave Its List Prices for Medium Heavy Plates Unchanged for February
Jan 15, 2013The Chinese steel giant Wuhan Iron and Steel Group (Wisco) announced to leave its list prices for medium heavy plates unchanged for February. Taiwanese dealers said that Wisco’s list prices of medium heavy plates usually reflect ...
Tags: medium heavy plates prices, steel giant, medium heavy plates
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Froch Enterprise's December Sales Revenue up by 2.99% From a Month Ago
Jan 15, 2013Froch Enterprise, one of the major stainless steel flat products service centers and welding pipe makers in Taiwan, has announced its December sales revenue totaled NT$849 million, up by 2.99% from a month ago. The company explained ...
Tags: stainless steel flat products, stainless steel, steel prices
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