On January 28, Chongqing-based Chinese steelmaker Chongqing Iron and Steel Co. announced an estimated net profit of RMB 100 million ($16 million) for 2012, compared to a net loss of RMB 1.471 billion ($234 million) in 2011. Chongqing ...
Tags: Chongqing Steel, China, Mineral
In 2012, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 5.5578 trillion ($885 billion), increasing by 5.3 percent compared to 2011, according to China's National Bureau of Statistics ...
Tags: China, Industrial Enterprise, Mineral
Reportedly, the Chinese industrial companies’ profits surged by 17.3% year on year to RMB 895.2 billion in December 2012, according to data released by the National Bureau of Statistics (NBS). In 2012, the Chinese industrial ...
Tags: industrial companies, China, China economy
On January 29, Jiangxi Province-based Chinese steelmaker Xinyu Iron and Steel Co. issued its estimated financial results for 2012. According to its preliminary calculations, Xinyu Steel recorded a net loss of RMB 950-1,050 million ...
Tags: Steel, China, steelmaker, iron
Minmetals Development Co., China’s largest integrated steel trading and logistics services provider announced that its sales forecast report recently. According to its report, Minmetals Development expected that it may loss RMB ...
Gansu Province-based Chinese steelmaker Hongxing Iron and Steel Co., a subsidiary of Gansu-based Jiuquan Iron and Steel Group (JISCO), has announced that it has raised funds worth RMB 8.058 billion ($1.28 billion) by issuing 2.172 billion ...
Tags: Jisco Hongxing Steel, Mineral, steelmaker
In the January-November period last year, Jilin Province-based Chinese steelmaker Tonggang Group, a subsidiary of Chinese steel giant Shougang Group, produced 4.2312 million mt of pig iron, 3.8242 million mt of crude steel, and 4.0152 ...
Tags: Crude Steel, Tonggang Group, Mineral, China
On January 25, Shandong Province-based Chinese steelmaker Rizhao Steel Holding Group Co. announced that in 2012 it supplied a total of 210,000 mt of hot rolled coil (HRC) to Anhui Province-based Chinese steel structure manufacturer Honglu ...
Tags: Rizhao Steel, HRC supplier, steelmaker
WISCO Logistics Co., logistics subsidiary of Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Co. (WISCO), plans to create the largest logistics center for steel trading in central China, as reported by Chinese media ...
On January 23, Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group announced that in 2012 its subsidiary Hebei Iron and Steel Group Mining Co. produced 7.22 million mt of iron ore concentrate, up 2.11 percent year on year. ...
Beijing-based Chinese integrated steel trading and logistics services provider Minmetals Development Co. Ltd has issued its financial results for 2012, indicating a net loss of RMB 350 million ($56 million), compared to a net profit of RMB ...
Tags: Minmetals, steel trading, steel market
The 1,080 m3blast furnace No. 1 of Xuzhou, Jiangsu-based Chinese steelmaker Huahong Special Steel Co. has successfully commenced smelting, marking the official start of production in the first phase of the special steel project in question, ...
On January 23, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) announced that in 2012 its fixed asset investments amounted to RMB 13.3 billion ($2.13 billion), up 52.7 percent compared with RMB 8.709 ...
Tags: Baogang, steelmaker, Iron Steel
China's Ministry of Industry and Information Technology (MIIT), the National Development and Reform Commission (NDRC) and the State-owned Assets Supervision and Administration (SASAC) have launched a merger and reorganization scheme for ...
Tags: steel sector, steel, cement
Fujian Province-based Chinese steelmaker Fujian Sangang (Group) Co., Ltd has announced that in 2012 its total crude steel output totaled 6,977,700 mt, up 22.06 percent compared with2011. In addition, in 2012 the company achieved a gross ...
Tags: crude steel output, crude steel, steelmaker