Industry & Market
Industry & Market
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China's PMI Stayed at 50.6 Percent in December
Jan 7, 2013China's purchasing managers' index (PMI) for the manufacturing sector stayed at 50.6 percent in December, unchanged compared with November, according to China’s National Bureau of Statistics (NBS). In November, the figure rose to ...
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PMI of China's Steel Sector Rose to 55.5 Percent
Jan 7, 2013In December this year, the purchasing managers’ index (PMI) of China’s steel sector rose to 55.5 percent, up 6.3 percentage points compared to the previous month, as announced by the China Steel Logistics Committee (CSLC) which ...
Tags: PMI, China, steel sector, CSLC, CFLP
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Jiuli Steel Received an Order From Oman Oil Company Exploration & Production LLC
Jan 7, 2013On January 3, Zhejiang Province-based Chinese pipe producer Jiuli Stainless Steel Pipe Co. announced that it recently received an order from Oman Oil Company Exploration & Production LLC (OOCEP), a subsidiary of Oman Oil Company S.A.O.C ...
Tags: Zhejiang, pipe producer, Jiuli Stainless Steel Pipe, OOC
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Taigang Stainless Planned to Produce 3.4 Million Tonne of Crude Stainless Steel in 2013
Jan 7, 2013Taigang Stainless, the largest stainless steel producers in China planned to produce 3.4 million tonne of crude stainless steel in 2013, rising by 9.7% from 3.1 million tonne in 2012. In 2012, Taiyuan Iron & Steel Group the parent company ...
Tags: Taigang Stainless, stainless steel, stainless steel market, company news
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Hebei Steel Signed a Contract with China Railway Material Group Southwest CO.
Jan 7, 2013On January 4, Hebei Province-based major Chinese steel producer Hebei Iron and Steel Group announced that it has signed a contract with China Railway Material Group Southwest Co., Ltd for the supply of 200,000 mt of steel in the coming four ...
Tags: Hebei, steel producer, Hebei Iron and Steel Group, metro
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Iron Ore Prices Hit an Eight Month High This Week
Jan 7, 2013Business Times reported that iron ore prices hit an eight month high this week. Iron ore is seen as a proxy for industrial activity and construction in China. The commodity is critical for the profitability of mining groups, including ...
Tags: iron ore prices, iron ore, steelmakers, steel production
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Changbao Steel Tube Won a Tender to Supply OCTG to CNPC
Jan 7, 2013Jiangsu Province-based Chinese steel tube producer Changbao Steel Tube Co. has announced that it has won a tender to supply oil country tubular goods (OCTG) to China National Petroleum Corporation (CNPC). Accordingly, Changbao Steel Tube ...
Tags: Jiangsu, steel tube producer, Changbao Steel Tube, OCTG, CNPC
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The Largest Importer, Climbed to a 14 Month High in What Credit Suisse Group AG
Jan 7, 2013Bloomberg reported that to the price of iron ore delivered China, the largest importer, climbed to a 14 month high in what Credit Suisse Group AG described as one last hoorah. According to the Steel Index, ore with 62% content at the ...
Tags: iron ore, China, India, iron price, iron ore market
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The Market Showed a Satisfactory Trend of Glass Industry
Jan 7, 2013Yesterday the market showed a satisfactory trend, which allowed general coordination of supply and demand. By region, the South, Central and Southwest Chinese markets performed well; demand was ordinary in East China; and the performance ...
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The Stainless Steel Product Stocks in The Chinese Foshan Market Decreasing by 3.13%
Jan 7, 2013According to local sources, the stainless steel product stocks in the Chinese Foshan market totaled 117,166 tons in the last 10 days of December, decreasing by 3.13% from the previous 10 days. Among them, 54,624 tons were cold rolled ...
Tags: local sources, stainless steel, product stocks, Chinese Foshan market
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Taiwan's Walsin Lihwa Has Completed Construction of Annual Production and Pickling Plant
Jan 7, 2013Reportedly, Taiwan’s Walsin Lihwa has announced that the company has completed construction of its annual production by 350,000~400,000 tons of stainless strip annealing and pickling plant in Taichung in central Taiwan. Meanwhile, the ...
Tags: Taiwan, Walsin Lihwa, nnual production, stainless strip
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Posco and CSC Will Purchase a 15% Stake in Arcelormittal by US$ 1.1 Billion
Jan 7, 2013According to report, South Korea’s Posco and Taiwan’s China Steel Corp (CSC) said they will purchase a 15% stake in Canadian iron ore and pellet producer owned by ArcelorMittal by US$ 1.1 billion. It is joint venture with ...
Tags: South Korea, Posco, Taiwan, CSC, iron ore, ArcelorMittal
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The Taiwanese Steel Mills Have Hiked Rebar Prices in Order to Reflect Higher Scrap Prices
Jan 7, 2013Recently, the Taiwanese steel mills have hiked rebar prices in order to reflect higher scrap prices. It’s said that an electric furnace steel mill in northern Taiwan increased its rebar prices to NT$18,700/ton. At the same time, a ...
Tags: Taiwanese steel, rebar, prices, scrap prices
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Wei Chih Steel Has Developed Alloy Steel Bars with Specified Hardenability Bands
Jan 7, 2013Wei Chih Steel, one of the electric furnace mills in Taiwan announced recently that it has developed alloy steel bars with specified hardenability bands by the requests of JIS G4052 specification successfully. The actual available grades ...
Tags: Wei Chih Steel, Taiwan, alloy steel bars, hardenability bands
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Several Reports Claim The Island Could Become The World's Top Rare Earth Producer
Jan 7, 2013Greenland’s treasure trove of rare earth metals, the largest deposit outside of China, cannot be mined because the elements are connected to restricted radioactive materials. Several reports, such as The Epoch Times’ latest ...
Tags: oil, gas, Greenland, rare earth metals, China
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