According to the China Iron and Steel Association (CISA), the gross profits of large and medium-sized steel enterprises in China totaled RMB11.3 billion in January-September period. The gross profits to sales rate was at 0.41%, the lowest ...
Tags: Steelmakers, Gross Profits
The China Iron and Steel Association (CISA) has stated that in the January-September period of the current year the total gross profits of large and medium-sized steel enterprises in China totaled RMB 11.3 billion ($1.85 billion), with a ...
Tags: CISA, steelmaker, gross profits
The world's second biggest steelmaker Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced its financial results for the first half ended September 30 of the financial year 2013-14, posting a net profit of JPY 115.6 billion ...
Tags: steel, Metallurgy, Mineral
Currently, the Korean steelmakers Posoc and Hyundai Steel have both cut its export prices of hot rolled coils (HRC) to US$560/ton FOB from US$570~US$580/ton FOB in September, affected by decreased HRC export prices offered by Chinese ...
Tags: Construction, steel
It's reported that the transaction prices of carbon steel finished steel wires have remained stable in the Taiwanese market recently. However, the demand is still weak. Industry sources said that the transaction prices of carbon steel ...
Tags: taiwan, steel, Steel Wire
The China Iron and Steel Association (CISA) has announced that in the first eight months of the current year the aggregate gross profit of its member enterprises amounted to RMB 8.087 billion ($1.308 billion), while in August alone the ...
Tags: Steelmaker, Mineral
Chinese steelmakers, already obsessed with low profit margins, have been told to increase their environmental investment to help the country reduce air pollution. As part of an action plan to curb air pollution, the Chinese government is ...
Tags: steel, Construction
Chinese steelmakers should reduce the amount of iron ore they buy through long-term contracts in favor of purchasing from the spot market, through trading platforms, the China Iron & Steel Association said Wednesday. "Mills should ...
Tags: Chemicals
It's reported that the Chinese steel mills started price negotiation for hot rolled coils with the Vietnamese buyers for October and November deliveries. The Chinese steelmakers planned to raise the HRC prices slightly but the price rise ...
Tags: HRC, Construction
It might sound ridiculous for a steelmaker to raise pigs, but Chinese steelmaking firms are showing unprecedented interest in non-steel businesses to cope with the challenge of low profits amid a downturn. Non-steel business turnover of ...
Tags: steel, Non-Steel, Construction
The China Iron and Steel Association (CISA) has announced that in the first seven months of the current year the aggregate gross profit of its member enterprises amounted to RMB 4.943 billion ($808 million). Meanwhile, in the given period ...
Tags: steel, Metallurgy, Mineral
As of August 27, inventory of iron ore at 25 major Chinese ports amounted to 73.431 million mt, indicating an increase of 1.866 million mt or 2.6 percent week on week, as announced by China's Xinhua News Agency on August 27. As of the ...
Tags: Iron Ore, Chinese Ports
An insider from China's Ministry of Industry and Information Technology (MIIT) has disclosed that the ministry is carrying out checks on a second batch of domestic steel enterprises to see whether they conform with required standards in the ...
Tags: Steel Overcapacity, MIIT
Zhang Changfu, vice chairman of the China Iron and Steel Asociation (CISA), has recommended the cancellation of the exemption from three percent import tax for wear-resistant steel as well as the cancellation of the exemption from 17 ...
It’s reported that China Steel Corp (CSC), the largest carbon steelmaker in Taiwan is going to release its list prices for steel bar and wire products for September. Industry sources predicted that CSC might remain its list ...
Tags: Steel Bar, Wires List