An industry group representing Chinese iron ore miners aims to satisfy 50% of the country's annual iron ore consumption with domestic supply by 2025, up from the current 30%, via consolidation and expansion of mining companies, a senior ...
Tags: Iron Ore, Domestic Supply, Chemicals
On March 6, Chinese steel giant Baosteel Group stated that its Xinjiang-based subsidiary Bayi Iron and Steel Co. (Bayi Steel) actively focused on the Central Asian market amid sluggish domestic market conditions last year. In 2013, Bayi ...
Tags: Bayi Steel, Substantial Growth
China's iron ore import prices are likely to come under pressure in March, as the expected increase in domestic steel output is unlikely to offset the impact of persistent iron ore oversupply in China, the China Iron & Steel Association ...
Tags: Iron Ore, Steel Demand
The transaction prices of L8 and L10 steelmaking pig iron in northern China's Hebei province stood at Yuan 2,460-2,510 ($400-408) /mt on March 3, down 1.6% from Yuan 2,500-2,550/mt on January 28, with the widely expected post-holiday ...
Tags: Pig Iron, Steel Market
In February this year, the purchasing managers index (PMI) for the Chinese steel sector stood at 39.9 percent, down by 0.8 percentage points as compared to January, falling to the lowest level since September 2012, as announced by the China ...
Tags: Steel Sector, Mineral
On February 26, Shanghai-based Chinese steel gaint Baosteel Group announced that Xinjiang-based steel producer Nanjiang Steel Baicheng Co. put its coke oven No. 2 into operation on February 24. Nanjiang Steel Baicheng is wholly owned by ...
Tags: Nanjiang Steel, Mineral
Heilongjiang Province-based Chinese steelmaker Beiman Special Steel Co. has announced that it has signed a strategic cooperation agreement for 2014 with its largest customer, Baosteel Group Changzhou Roll Manufacture Company, a wholly-owned ...
Tags: Special Steel, Mineral
Xinchuang Li, deputy secretary general of the China Iron and Steel Association (CISA), has stated that the issue of overcapacity in China's steel industry has become very serious, while adding that slow economic growth and economic ...
Tags: Steel Industry, Overcapacity
Chinese steel mills' credit woes have further depressed domestic silicomanganese prices, market sources said Monday. Domestic silicomanganese prices were pegged by the sources at about Yuan 6,600/mt ($1,083/mt), about Yuan 200-300/mt ...
Tags: Steel Mills, Mineral
Austrian plantmaker Siemens Metals Technologies has announced that in the last quarter of 2013 three continuous slab casters were put into operation at Chinese steel producer Taiyuan Iron and Steel Group Corp (TISCO). Two of the casters ...
Tags: Siemens Metals, plantmaker
According to industry statistics, in 2013 China's common wire rod exports reached 27,274 mt, up 1.02 percent, its hot rolled stainless steel wire rod exports amounted to 84,927 mt, up 17.10 percent, hot rolled alloy wire rod exports totaled ...
Tags: Wire Rod Imports, Mineral
Iron ore supply may exceed demand growth rates in China later in 2014 as the nation has recorded slow steel production rates since the start of the year and is currently operating at an annualized rate of 730 million mt, BHP Billiton CEO ...
In January this year, the purchasing managers index (PMI) for the Chinese steel sector stood at 40.7 percent, down sharply by seven percentage points as compared to December last year, remaining below 50 for the fifth consecutive month and ...
Tags: Steel Sector, Mineral
According to Shanghai-based Chinese steel giant Baosteel Group, locking shafts for car shock absorbers produced by Shanghai Best Fastening Systems Co. have been approved by Tenneco (Beijing) Ride Control Systems Co. The shafts in question ...
Tags: Wire Rod, Shock-Absorber
China imported a record 86.83 million mt of iron ore in January this year, up 21.29 million mt year on year and up 13.45 million mt month on month, according to the Chinese customs authorities. Average daily iron ore imports in January ...
Tags: Iron Ore Imports, Mineral