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

Asaplus Resources Continues to Trade at a 5% Premium

Jan 7, 2013

Asaplus Resources continues to trade at a 5% premium to its IPO entry price one month on from listing. The company listed on November 16th 2012 following a a successful IPO which offered 10 million shares at USD 0.20 to raise USD 2 million. ...

Tags: Resources, Silverstone Project, iron ore, ore resources

Worse Days for Hindalco Seem to Be Over.

Jan 6, 2013

ET reported that with the commencement of Mahan smelter and Utkal alumina refinery in nearly three months' time, worse days for Hindalco seem to be over. The management of the company expects the Mahan smelter to start production by ...

Tags: Mahan smelter, Utkal alumina refinery, captive coal, coal industry

Major Global Investment Banks Predict That China's Economy Will Grow More Than 8% in 2013

Jan 6, 2013

Yonhap reported that major global investment banks predicted Wednesday that China's economy will grow more than 8% in 2013, picking up from the slower growth pace this year. Goldman Sachs expected a modest recovery in the Chinese gross ...

Tags: global investment banks, China's economy, gross domestic product, China

The Chinese Long Product Price Index CLPPI Has Gone up by 1 Point

Jan 6, 2013

The Chinese Long Product Price Index CLPPI has gone up by 1 point last week whereas the Chinese Flat Products Index CFPPI has also gone up by 27 points. The overall price index CHISPI inclined by 16 points. Class 21-Dec ...

Tags: Chinese Long Product Price, Chinese Flat Products, steel market

Change Is on 28th December as Compared to 21st December 2012

Jan 6, 2013

Iron ore fines FOB India Grade Change Fe 63.5/63% 8% Fe 63.5/62.5% 9% Fe 63/62% 9% Fe 62/61% 9% Fe 61/60% 9% Fe 60/59 % 10% ...

Tags: Iron Ore, metal market, steel price, India

South Korea's Machinery Industry Is Expected to Rise 5.1% YoY to KRW 453.7 Trillion

Jan 6, 2013

Yonhap reported that output of South Korea's machinery industry is expected to rise 5.1% YoY to KRW 453.7 trillion (USD 424 billion) next year, with its growth likely to turn around slightly on a possible recovery in the global economy. ...

Tags: South Korea, machinery industry, global economy, industry trend

The Port of Milwaukee Could Still Match The Amount of Revenue It Generated Last Year

Jan 6, 2013

The Business Journal reported that despite a slight decline in Great Lakes shipping this year and the loss of intermodal container service by Canadian Pacific Railway, the Port of Milwaukee could still match the amount of revenue it ...

Tags: Great Lakes shipping, intermodal container service

Iron Ore Is Rallying The Most in About 2 Years as Analysts Predict That China

Jan 6, 2013

Economic Times reported that iron ore is rallying the most in about 2 years as analysts predict that China, the biggest buyer, will import a record amount in 2013 as its accelerating economic growth spurs demand for steel. According to ...

Tags: iron ore, China, 2013, steel

The Competition Commission of India Has Given Its Approval to The Acquisition

Jan 6, 2013

Business Line reported that the Competition Commission of India has given its approval to the acquisition of Future group's Pantaloon brand business by Aditya Birla Nuvo. Aditya Birla Nuvo Ltd, through a subsidiary, had proposed to acquire ...

Tags: Competition Commission of India, Future group, Pantaloon, retail

The UAE Economy Is Expected to Grow at a Rate Between 3.25% to 5% in 2013

Jan 6, 2013

According to experts interviewed by Gulf News, the UAE economy is expected to grow at a rate between 3.25% to 5% in 2013 in a world still grappling with economic and financial challenges. And much of that growth is a result of government ...

Tags: UAE economy, inflation, UAE, finance

A Temporary Arrangement Has Been Reached to Provide Relief

Jan 6, 2013

Business Standard reported that a temporary arrangement has been reached to provide relief to the exporters over imposition of export duty of 20% on galvanized steel in Kolkata port As per report, the port authorities have allowed ...

Tags: steel, Kolkata port, Hdg Export Shipmen, steel market

Providence Seems to Favor Indian Mills at The Onset of Q4

Jan 6, 2013

Providence seems to favor Indian mills at the onset of Q4. Market is piquantly abuzz with expectation of price hike in long and flat by at least INR 500-1000 per tonne. If the import parameters seem to be favoring the flat producers with ...

Tags: Indian mills, India, Indian economy

London Copper Rose More Than 2% on Wednesday

Jan 6, 2013

London copper rose more than 2% on Wednesday, headed for its biggest daily rise since mid-November, as the US Congress struck a deal to avert a fiscal disaster and upbeat China data indicating steady improvement in the world's top copper ...

Tags: London, copper, copper consumption, metal induatry

The Progress of The Taconite Project Feasibility Study It Is Carrying out with TATA Stell

Jan 6, 2013

New Millennium Iron Corporation announced that the progress of the Taconite Project Feasibility Study it is carrying out jointly with TATA Steel. An interim report has been submitted by the Study Manager. Certain sections remain to be ...

Tags: New Millennium Iron Corporation, TATA Steel, steel market, India

Shanghai Steel Futures Extended Last Week's Rally and Rose Nearly 2%

Jan 6, 2013

Reuters reported that Shanghai steel futures extended last week's rally and rose nearly 2% on Monday, buoyed by upbeat Chinese manufacturing data and higher raw material prices. The most active rebar futures contract on the Shanghai ...

Tags: Shanghai steel futures, China, steel market, Chinese manufacturing data