Putting behind the gloom of 2012 Chinese economy and industry seems to be warming up for an auspicious entry into 2013 at long last. Q4 has seen sudden turn of events kindling hopes of revival in Chinese steel industry backed by impressive ...
Tags: Chinese Economy, steel industry, infrastructure projects, China
On December 31st, Hubei Province-based major Chinese steel producer Wuhan Iron and Steel Group announced that its Quebec, Canada based iron ore mining JV, Bloom Lake Mine, achieved an annual profit of RMB 350 million in 2012. The Bloom ...
Tags: Wuhan Iron and Steel Group, iron ore, mining, company news
Steelhome website publishes monthly report on China Steel Market, International Steel Market, HRC/CRC, Construction Steel, Medium Plate, Stainless Steel, Iron Ore, Coke, Scrap and Ferroalloy each month. Summary: I China CR/HR ...
Tags: China Steel Market, International Steel Market, Construction Steel
According to the data released by China’s National Development and Reform Commission, in the January to October period of this year the aggregate gross profit of the Chinese iron and steel industry amounted to CNY 113.1 billion (USD ...
Tags: iron, steel industry, China, statistics
On December 31, Hubei Province-based major Chinese steel producer Wuhan Iron and Steel Group (WISCO) announced that it has completed supplies of 20,000 mt of steel plates for crude oil storage tanks in the Dagang district of Tianjin, built ...
Tags: WISCO, steel plates, crude oil storage tanks, China
On December 31, Hubei Province-based major Chinese steel producer Wuhan Iron and Steel Group (WISCO) announced that its Quebec, Canada-based iron ore mining joint venture, Bloom Lake Mine, achieved an annual profit of RMB 350 million ($56 ...
Tags: WISCO, iron ore mining, joint venture, Bloom Lake Mine, annual profit, 2012
Steel market in China rode the crest throughout December however the tide seemed to be ebbing during the week with winter lull setting in. Encouraged by the incentive of National Development & Reform Commission's approval for a slew of ...
Tags: China, steel market, soft, rebar futures
According to statistics released by China’s National Development and Reform Commission (NDRC), the country’s iron and steel industry realized gross profits of RMB113.1 billion in the first 10 months of this year, slumping by ...
Tags: China, NDRC, iron, steel, gross profits
2012 can be certainly be christened as a Doomsday year in Chinese steel industry with market buried under an avalanche of overcapacity pushing prices down by more than 12 % YoY. The malaise is evident from the fact that the estimated ...
Tags: Chinese steel industry, overcapacity pushing prices, steel market, China
China Daily reported that if the lottery system allowing people to purchase automobiles in first-tier cities was expanded to all major cities across the country, it would be a big damper for the country's steel industry. China's steel ...
Tags: lottery system, automobile, steel industry, China
China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan is going to release its list prices for March. Market participants forecasted that CSC might raise its steel plate prices by more than NT$500/ton for March, driven by ...
Tags: CSC, carbon steelmaker, Taiwan, prices
A Chinese steel company is set to open a pipe mill this spring,bringing hundreds of jobs to an area already thriving from the oil and gas industries and injecting a multi-billion dollar boon to surrounding cities and towns over the next ...
2013 had crackling opening in China with steel leaping by 1%on the first working day.Even though it was not a surprise since the tempo had been set at the beginning of Q4 with the resounding economic pouring in.Ensuing optimism on raw ...
This summer,Fives DMS commissioned a cold rolling mill for TISCO at its plant in Taiyuan(that was able to achieve a maximum speed of 1,200 meters per minute for cold rolling stainless steel. This pulverizes the previous world record,which ...
Fitch Ratings forecasts that after a period of severe destocking in 2012,raw steel production in China will grow 3%to 4%in 2013.But the ratings agency also believes that Chinese steel demand has likely peaked and should grow at less than ...