China's latest figures on industrial activities indicated that the world's second largest economy faced worsening overcapacity despite a slew of measures and repeated warnings from the leadership. Analysts said overcapacity was posing a ...
Tags: Overcapacity, China's Economy
According to report from China Iron & Steel Association, the 86 members steel mills’ October profit dropped to RMB 1.716 billion, down by 47.5% from September of RMB 3.266 billion, the highest in the year. 18 members reported losses ...
Tags: overcapacity, iron and steel, profit
China's crude steel output rose 8.3 percent year-on-year to 652.48 million tons in the first ten months of 2013, faster than the 2.1-percent increase seen in the same period last year, the country's top economic planner said Thursday. ...
Tags: Construction, Metallurgy, Mineral, Energy, Crude Steel
China is expected to overtake the United States to become the world's largest oil importer in the 2020s as emerging economies, instead of developed ones, will claim most of the world's energy supplies, a report says. China will be the ...
Tags: Oil Importer, Oil, Metallurgy, Mineral, Energy
With the development of the industry, there are the scale of office stationery in China.According to the introduces of the president of a council,there are more than 700 stationery enterprises with the big proudction scale.And the crisis of ...
Brazil Steel Institute (IABr) has revised its forecast regarding the expected decline in Brazil's steel imports in 2013, from a drop of 14.4 percent to a fall of just 0.5 percent. Thus, Brazil's steel imports are expected to total 3.8 ...
Tags: Steel Imports, Mineral
In a move designed to combat overcapacity in the steel sector, China will relocate some factories and encourage more companies to invest in overseas projects, said an official with the country's top planning agency. Li Zhongjuan, an ...
Tags: Metallurgy, Mineral, Energy
China's economic planners are taking an increasingly hawkish stance on the overcapacity issue, reportedly mulling a "white list" for the next campaign. Several central ministries, including the National Development and Reform Commission, ...
Tags: overcapacity, White List
China will raise the threshold on new coal mines and halt approval on those that do not meet specified requirements, in the latest effort to regulate the oversupplied sector. New coal mines with annual output below 300,000 tons and ...
Tags: Coal Mine, Metallurgy, Mineral, Energy
Finland-based steelmaker Ruukki has announced that it has completed employer-employee negotiations, resulting in the cutting of 95 production jobs. The negotiations were initiated in October due to overcapacity and weakened market ...
Tags: Ruukki, cut, production, job
When the world was digesting news of Detroit’s bankruptcy in July, the biggest ever by a municipality in the US, attention in China turned to the highly indebted government of Jiangsu province. Provincial, city and county authorities ...
Tags: Bond Markets, Local Officials
China's central bank said on Tuesday that it will continue its hands-off stance on the money market, as it maintains a "stable" monetary policy that facilitates the nation's essential structural reforms. The central bank "will neither ...
Tags: Central Bank, Hands-off Policy
As the Chinese economy firms with recent upbeat data, analysts expect a reform package to be unveiled in a key plenum this weekend to bring changes not only to China but to reinvigorate the global economy, which has been in a slow recovery. ...
Tags: China's Reform
China's total production of 10 major non-ferrous metals grew at a faster pace in the first three quarters than a year earlier, according to official data, indicating the country's overcapacity problem. Combined output grew 9.8 percent ...
Tags: Metallurgy, Mineral, Energy, non-ferrous metals
The Switch introduces new game-changing drive train technology to the shipbuilding sector. The Switch, a Finnish manufacturer of permanent magnet motors, generators and converters, announced today the launch of its next-generation drive ...
Tags: Transportation, Shipbuilding, logistics