Asia Economy news, Markets and Business Trends - Made-in-China.com

China PMI in January Falls to 50.4

Feb 1, 2013

Data from CFLP and State Statistics Bureau shows that China official PMI index falls to 50.4, lower than the expected index 50.4. PMI in December is 50.6. Though manufacturing PMI pulled back slightly in January, it still remains a ...

Tags: China, PMI, economy

Taiwan Manufacturing PMI Set New Records

Feb 1, 2013

Data published by HSBC today shows that Taiwan manufacturing PMI is 51.5, high over last month, setting a new record in the past 10 months. Index more than 50 means that manufacturing activities are expanding. On the contrary, a low index ...

Tags: China, Taiwan, PMI

Rechi Precision Is Going to Increase Its Purchase Volume of CRNGO Sheets

Feb 1, 2013

It is reported that Rechi Precision, the major air conditioner compressor motor manufacturer in Taiwan, is going to increase its purchase volume of CRNGO sheets from Taiwan's China Steel Corp. (CSC) for its production need. It is said ...

Tags: Steel Corp, steel service center, steel

JFE Steel Planned to Raise Domestic Prices for Construction Steel Products

Feb 1, 2013

Reportedly, Japanese JFE Steel planned to raise its domestic prices for construction steel products by 15,000 yuan/ton for April contracts. It's learned that the price rise will be mainly applied to the commodity grade plates, pipes and ...

Tags: Steel, construction steel, JFE Steel

Korea's H Beam Sale Volumes Dropped in 2012 Due to Sluggish Global Economy

Feb 1, 2013

Korea’s H beam sale volumes dropped in 2012 due to sluggish global economy. According to the Korea Iron & Steel Association (KOSA), Korea’s sales volumes of H beams totaled 3.206 million tons in 2012, down by 0.1% year on ...

Tags: H beam, Iron, Steel

Ansteel Anticipates Announced a Total Net Loss of RMB 4.16 Billion, Compared with 2011

Feb 1, 2013

Liaoning Province-based Chinese steelmaker Angang Steel Co. (Ansteel) has issued its estimated financial results for 2012, announcing a total net loss of RMB 4.16 billion ($662 million), compared with a net loss of RMB 2.146 billion in ...

Tags: Ansteel, steelmaker, steel prices

Hebei Steelmaker Issued Its Preliminary Financial Results for 2012

Feb 1, 2013

On January 31, Hebei Province-based Chinese steelmaker Hebei Iron and Steel Co., Ltd issued its preliminary financial results for 2012. Accordingly, Hebei Steel has posted an estimated net profit of RMB 13.8-345.7 million ($2.2- 55 ...

Tags: Hebei Steel, steelmaker, steel prices

CISA Has Stated That in 2012 The Aggregate Net Profit of Its 80 Member Steel Enterprises

Feb 1, 2013

The China Iron and Steel Association (CISA) has stated that in 2012 the aggregate net profit of its 80 member steel enterprises in China totaled RMB 1.581 billion ($252 million), down 98.22 percent year on year. Meanwhile, last year the ...

Tags: Steel Association, CISA, steel enterprises

HISGC Announced Its Financial Results for 2012 ,Indicating a Net Loss of RMB 380 Million

Feb 1, 2013

On January 31, Zhejiang Province-based Chinese steelmaker Hangzhou Iron & Steel Group Company (HISGC) announced its preliminary financial results for 2012, indicating a net loss of RMB 380 million ($61.3 million), compared to a net profit ...

Tags: Steel posts, steelmaker, steel industry

Xining Special Steel Estimated a Net Profit of RMB 20-50 Million for 2012 Compared in 2011

Feb 1, 2013

On January 31, Qinghai Province-based Chinese steelmaker Xining Special Steel Co. issued its estimated financial results for 2012. Accordingly, Xining Special Steel has estimated a net profit of RMB 20-50 million ($3.2-8.1 million) for ...

Tags: Special Steel, steelmaker, steel industry

Ma'Anshan Steel Has Estimated a Net Loss of RMB 3.72-3.95 Billion for 2012

Feb 1, 2013

On January 31, Anhui Province-based Chinese steelmaker Ma’anshan Iron and Steel Co. (Masteel) issued its anticipated financial results for 2012. Accordingly, Ma’anshan Steel has estimated a net loss of RMB 3.72-3.95 billion ...

Tags: Masteel, steelmaker, Steel

Japanese Automobile Production in December 2012 Totaled 702,285 Units

Feb 1, 2013

Japanese automobile production in December 2012 totaled 702,285 units, decreasing by 145,965 units or 17.2 percent compared to the same month of the previous year. December was the fourth straight month of decrease following year-on-year ...

Tags: automobile output, automobile production, automobile industry

Solid Financial Results Coupled with Positive Reports Are Boosting Confidence in IT

Feb 1, 2013

Despite some caution about the fortunes of BlackBerry, Facebook and Apple, solid financial results from tech vendors coupled with positive reports about the economy are boosting confidence in IT, with share prices of computer, consumer ...

Tags: Earnings, DOW, Market

ACE Has Registered Net Income of $765m or $2.22 Per Share

Feb 1, 2013

Property and casualty underwriter ACE has registered net income of $765m or $2.22 per share, for the fourth quarter of 2012, up by 4% from $735m or $2.15 during the same quarter last year. Income excluding net realized gains or losses ...

Tags: Property underwriter, casualty underwriter, reinsurance

JAPU Has Issued a Background Paper on Iraq's Budget for 2013

Jan 31, 2013

By John Lee. The United Nations’ Joint Analysis Policy Unit (JAPU) has issued a background paper on Iraq’s budget for 2013. The Government expenditure for 2013 totals IQD 138.4 Trillion ($ 118.3 Billion), with an increase of ...

Tags: United Nations, Iraq's budget, Iraq economy