Industry & Market
Industry & Market
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Iron Ore Seems to Have Hit Steel Companies in The Small and Medium Segments The Hardes
Jan 6, 2013Business Standard reported that the shortage of iron ore seems to have hit steel companies in the small and medium segments the hardest. According to recent data by the Joint Plant Committee, the non alloy and carbon steel segment saw ...
Tags: iron ore, India, non alloy, carbon steel segment
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US Judge Gave Preliminary Approval to a USD 1 Billion Plus Settlement
Jan 6, 2013PTI reported that a US judge gave preliminary approval to a USD 1 billion plus settlement with Toyota Motor Corp in cases involving problems of sudden, unintended acceleration by its vehicles. Attorney Mr Steve Berman in a statement said ...
Tags: US judge, Toyota Motor Corp, acceleration, vehicles
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China Privately Has Close to Finalizing The Acquisition of Australia's Sundance Resources
Jan 6, 2013APP reported that China privately owned Hanlong Group has close to finalizing the acquisition of Australia's Sundance Resources, a mining firm that controls a major iron ore mine in West Africa. Such a move would give China a stronger ...
Tags: China, Hanlong Group, acquisition, Sundance Resources, mining
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China Saw Its Oil Processing Volume Climb 9.1% YoY to 41.61 Million Tonne in November
Jan 6, 2013China Knowledge reported that China, the world's second-largest oil consumer, saw its oil processing volume climb 9.1% YoY to 41.61 million tonne in November. According to a statement released by the National Development and Reform ...
Tags: oil processing, energy, China, oil consumer, growth, oil refining
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The Chinese Ministry Would Not Approve The Environmental Impact Report
Jan 6, 2013English.caixin reported that the Chinese ministry of environmental protection would not approve the environmental impact report for a section of a rail line in Sichuan Province until its concerns were addressed. The section of line a ...
Tags: Chinese ministry of environmental protection, report, rail line
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Rare-Earth Signed Agreements with 12 Inner Mongolia Based Upstream Rare Earth Enterprises
Jan 6, 2013China's Inner Mongolia Baotou Steel Rare-Earth Group one of the largest producers of rare earth minerals in the world, announced that it has signed agreements with 12 Inner Mongolia based upstream rare earth enterprises and their ...
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Yusco Increased Its Export Prices for Stainless Steel Products
Jan 6, 2013Yieh United Steel Corp one of the major stainless steel producers in Taiwan announced to hike its domestic prices for stainless steel products for by NTD 300 to NTD 1,500 per tonne for next January. Also, Yusco increased its export prices ...
Tags: Yieh United Steel Corp, Arts, Crafts, prices for stainless steel
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WISCO Completed Supplies of 20,000 Mt of Steel Plates for Crude Oil Storage Tanks
Jan 6, 2013On December 31, Hubei Province-based major Chinese steel producer Wuhan Iron and Steel Group (WISCO) announced that it has completed supplies of 20,000 mt of steel plates for crude oil storage tanks in the Dagang district of Tianjin, built ...
Tags: WISCO, steel plates, crude oil storage tanks, China
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WISCO's Canadian Iron Ore Achieved an Annual Profit of RMB 350 Million in 2012
Jan 6, 2013On December 31, Hubei Province-based major Chinese steel producer Wuhan Iron and Steel Group (WISCO) announced that its Quebec, Canada-based iron ore mining joint venture, Bloom Lake Mine, achieved an annual profit of RMB 350 million ($56 ...
Tags: WISCO, iron ore mining, joint venture, Bloom Lake Mine, annual profit, 2012
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TISCO Announced That Construction Started on Its Underground Mining Project
Jan 6, 2013On December 30, Shanxi Province-based Chinese steelmaker Taiyuan Iron and Steel (Group) Co. (TISCO) announced that construction started on its underground mining project at its Ekou iron ore mine in Shanxi on December 27. The total ...
Tags: TISCO, Ekou iron ore mine, Shanxi, December
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Chinese Regulators Have Announced The Export Quota for Rare Earth Metal Production
Jan 6, 2013Chinese regulators have announced the export quota for the country’s rare earth metal production today. For the first half of 2013, the Ministry of Commerce said that it will allow just over 15,500 tonnes to leave the country. ...
Tags: rare earth metal, Ministry of Commerce, China, price
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HSBC's China PMI for December Has Registered The Highest Level Since May 2011
Jan 6, 2013The HSBC’s final reading for the purchasing managers' index (PMI) for China’s manufacturing sector in December rose to 51.5, well above the preliminary reading of 50.9 published in the middle of the month and November's final ...
Tags: HSBC, China, PMI, manufacturing
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Iron Ore Inventory at 30 Major Chinese Ports Amounted to 73.14 Million Tonne
Jan 6, 2013According to China’s National Bureau of Statistics, total iron ore inventory at 30 major Chinese ports amounted to 73.14 million tonne, down by 670,000 tonne WoW, constituting the ninth consecutive WoW. Meanwhile, the total iron ore ...
Tags: China's National Bureau of Statistics, iron ore inventory, iron, China
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Yusco Hikes Its Domestic Prices for Stainless Steel Products for January
Jan 6, 2013Yieh United Steel Corp (Yusco), one of the major stainless steel producers in Taiwan announced to hike its domestic prices for stainless steel products for by TWD 300 per tonne o TWD 1,500 per tonne for January. Also, Yusco increased its ...
Tags: stainless steel, Yieh United Steel Corp, Taiwan, steel products
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Inventory of The Main Finished Steel Products Totaled 11.88 Million Mt, up 107,000 Mt
Jan 6, 2013As of December 28 this year, inventory of the main finished steel products (plate, hot rolled coil (HRC), cold rolled coil (CRC), rebar and wire rod) in 26 major steel markets in China totaled 11.88 million mt, up 107,000 mt compared to the ...
Tags: hot rolled coil, cold rolled coil, rebar, wire rod, China
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