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China Offshore Iron Ore Equities Will Rise From Currently 60 Million Tonnes

Dec 14, 2012

Sina Finance quoted Mr Zhu Jimin chairman of China Iron & Steel Association as saying that China offshore iron ore equities will rise to 150 million tonnes in 2015 from currently 60 million tonnes, reported on December 8th. According ...

Tags: iron, steel, offshore iron ore equity, China

China May Maintain Its Annual Economic Growth Target at 7.5% Next Year

Dec 14, 2012

Bloomberg reported that China may maintain its annual economic growth target at 7.5% next year in a sign the new leadership headed by Xi Jinping won't tolerate a bigger slowdown from the lowest goal since 2004. Nine of 16 analysts ...

Tags: annual economic growth target, lowest goal, evidence growth

Hong Kong's Gold Shipments to Mainland China Slid More Than 30% on The Month

Dec 14, 2012

Hong Kong's gold shipments to mainland China slid more than 30% on the month to 47.478 tonnes in October the lowest since February. Data from the Hong Kong Census and Statistics Department showed the net gold flow in the first ten ...

Tags: Hong Kong, gold shipments, gold market, gold industry

Taiwan's Export Value of Iron and Steel and Articles Decreased by 19.6%

Dec 14, 2012

According to the statistics released by the Taiwan Ministry of Finance, in November this year Taiwan's export value of iron and steel and articles made from iron and steel amounted to USD 1.2 billion, decreasing by 19.6% compared to the ...

Tags: aiwan Ministry of Finance, export value, iron, steel

Production at Ramu Nickel Cobalt Project Will Reach Its Full Capacity

Dec 14, 2012

Reuters reported that production at Ramu nickel cobalt project in Papua New Guinea, China’s single-largest mining investment in the country, will reach its full capacity in one or two years, slightly later than initially planned, an ...

Tags: cobalt project, mining investment, nickel, cobalt

Nan Shan Life Widened The Lead on Fubon Life in First Year Premium Revenues

Dec 14, 2012

Nan Shan Life widened the lead on Fubon Life in first year premium (FYP) revenues from NT$500 million (US$16.67 million) in October to NT$2.8 billion (US$93.3 million) in November, also challenging the leader Cathay Life fiercely after ...

Tags: Nan Shan, FYP revenues, Cathay Life

PMI of China's Steel Sector Was 49.2 Percent, Down 3.5 Percentage Points

Dec 14, 2012

In November this year, the purchasing managers' index (PMI) of China's steel sector was 49.2 percent, down 3.5 percentage points compared to the previous month, as announced by the China Steel Logistics Committee (CSLC) which is part of the ...

Tags: stainless steel, steel scrap, steel pipe, steel

65 Key Steel Mills Reverse The Deficit of 721 Million Yuan Seen in September

Dec 14, 2012

According to Hebei Metallurgy Industry Association, the profit of 65 key steel mills aggregated CNY 1.358 billion reversing the deficit of 721 million yuan seen in September, owing to warming steel market. Data show that the total profit ...

Tags: buy steel pipe, steel scrap price, iron ore price news, steel wire

Shanghai Steel Futures Jumped 1.6% on Monday,Snapping a Week Long Fall

Dec 14, 2012

Reuters reported that shanghai steel futures jumped 1.6% on Monday, snapping a week long fall, following more evidence that China's economy is on the mend The most briskly traded rebar contract for May delivery on the Shanghai Futures ...

Tags: steel scrap price, stainless steel, buy steel pipe, iron ore price news

The CBC Will Strive to Obtain Renminbi-Business Quota Higher

Dec 14, 2012

With the cross-Taiwan Strait currency clearance mechanism ready for launch, Perng Fai-nan, governor of the Central Bank of China (CBC), said yesterday (Dec. 12) that the CBC will strive to obtain renminbi-business quota higher than Hong ...

Tags: Taiwan, better treatment, Renminbi business

Shanghai Steel Futures Jumped 1.6% on Monday,Snapping a Week-Long Fall

Dec 14, 2012

Reuters reported that Shanghai steel futures jumped 1.6% on Monday, snapping a week-long fall, following more evidence that China's economy is on the mend, although demand for raw material iron ore is likely to stay subdued along with ...

Tags: steel bar, steel scrap price, stainless steel, steel pipe

A Certain Sovereign Wealth Fund From The Middle East Has Invested in Taiwan's Stock Market

Dec 14, 2012

Perng Fai-nan, governor of the Central Bank of China (CBC), confirmed for the first time yesterday (Dec. 12) that due to the need of deployment, a certain sovereign wealth fund from the Middle East has invested in Taiwan’s stock ...

Tags: CBC, sovereign wealth fund, Middle East, stock market

WISCO Won AD Lawsuit of Coated Steel Plate/Coil Against Brazil

Dec 14, 2012

At present, the DECOM of Ministry of Development, Industry and Foreign Commerce of Brazil published an announcement that the anti dumping investigation of the coated steel plate/coil imported from China is settled with zero tax rate, which ...

Tags: steel pipe, steel plate, steel strip, high carbon steel

Wuhan Iron and Steel Corp Second 7 Meters Large Scale Coke Oven Was Put Into Operation

Dec 14, 2012

Started from December 2011, Wuhan Iron and Steel (Group) Corp second 7 meters large scale coke oven was finally put into operation on November 28th 2012. As the most advanced coke oven made at home, the new coke oven is capable to produce ...

Tags: steel pipe, steel scrap, high carbon steel, steel roll forming

Caofeidian Port Is Now Earning a Growing Reputation

Dec 14, 2012

Caofeidian Port is now earning a growing reputation as one of China's key coal transfer ports by accelerating construction and upgrading of relevant facilities, industry sources said. Facility construction or expansion projects to boost ...

Tags: coal, coal mining news, iron ore price news, buy steel pipe