China's listed steel companies posted a net profit of 5.85 billion yuan ($960 million) in the first three quarters, reversing an industry-wide loss from a year earlier, China Securities Journal reported over the weekend. A total of 33 ...
Tags: Solid Profits, Steel
China's manufacturing sector is gradually gaining strength and paving the way for a steady economy, two surveys showed Friday, though mixed signals remain in areas including new orders. China's official Purchasing Managers' Index (PMI) ...
The country's largest flat-rolled alloy steel producer, Wuhan Iron and Steel (Group) Corp, said Sunday that it will respond in a proactive manner to an anti-dumping investigation launched Friday by the US Commerce Department. Xinhua News ...
Tags: Steel Firm, US Probe
President Xi Jinping's visit to a recycling company Monday drew renewed attention to environmentally friendly industries. Xi said recycling is a sunrise industry and that garbage is a misplaced resource, during his visit Monday to a ...
China's top price regulator has imposed penalties on a local gold and jewelry industrial association and five jewelry firms in Shanghai for price-fixing practices, China News Service reported Monday. The National Development and Reform ...
Tags: Gold Retailers
The Chinese government has been cutting back on subsidies to manufacturers of LED chips, a reason some companies are blaming for their poor first quarter results. This points to a change in approach to policies over the once-hyped sector ...
Tags: LED industry, LED Sector, LED
South Korea has diversified its sources of rare earth minerals in order to diminish reliance upon monopoly supplier China,which currently accounts for over 90%of global production. Global Times reported last month that South Korea's ...
Tags: South Korea, rare earth minerals, Japan, China
China is delivering on its promise to consolidate its mining industry with the formation of a new rare earth mega miner. According to a report by Global Times, the “mega-corporation”, named China North Rare Earths (Group) ...
Tags: Asia, China, Rare Earth, USA
The USA's largest rare earth producer Molycorp (NYSE:MCP) is mounting a credible challenge to Chinese rare earth dominance by dramatically scaling up output and potentially increasing its global market share to 30% from 4% at present. ...
Tags: rare earth, rare earth producer, rare earth operations
Global Times reported that the purchase management index (PMI) for China's steel distribution sector dropped 5.1 percentage points month-on-month to 45.2 percent in November, which indicates that steel prices may decline further in the ...
Tags: purchase management index, Global Times, steel, Beijing Lange Steel
Global Times reported that state owned Sinosteel Corporation refused to comment Thursday on a report about losses incurred at its overseas businesses, but experts said it was another case of Chinese companies failing to conduct due ...
Tags: overseas businesses, magnetic separation, mining project
Parks, lakes and rivers around the country will be alive with the sounds of drummers pounding out furious beats and racers vigorously urging their dragon boats across the water to celebrate the traditional Dragon Boat Festival (duanwujie). ...
Tags: Dragon Boat Festival, one of the country's oldest festivals