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Chinese Steelmakers
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Chinese Steelmakers' Gross Profits Totaled RMB11.3 Billion in January-September Period
Nov 18, 2013According to the China Iron and Steel Association (CISA), the gross profits of large and medium-sized steel enterprises in China totaled RMB11.3 billion in January-September period. The gross profits to sales rate was at 0.41%, the lowest ...
Tags: Steelmakers, Gross Profits
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Gross Profits of Enterprises in China Totaled RMB 11.3 Billion in Jan-Sept
Nov 12, 2013The China Iron and Steel Association (CISA) has stated that in the January-September period of the current year the total gross profits of large and medium-sized steel enterprises in China totaled RMB 11.3 billion ($1.85 billion), with a ...
Tags: CISA, steelmaker, gross profits
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NSSMC Announces Its Financial Results for The First Half Ended September 30
Oct 31, 2013The world's second biggest steelmaker Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced its financial results for the first half ended September 30 of the financial year 2013-14, posting a net profit of JPY 115.6 billion ...
Tags: steel, Metallurgy, Mineral
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Korean Steelmakers Cut Its Export Prices of HRC in September
Oct 23, 2013Currently, the Korean steelmakers Posoc and Hyundai Steel have both cut its export prices of hot rolled coils (HRC) to US$560/ton FOB from US$570~US$580/ton FOB in September, affected by decreased HRC export prices offered by Chinese ...
Tags: Construction, steel
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Transaction Prices of Finished Steel Wire Have Remained Stable in The Taiwanese Market
Oct 16, 2013It's reported that the transaction prices of carbon steel finished steel wires have remained stable in the Taiwanese market recently. However, the demand is still weak. Industry sources said that the transaction prices of carbon steel ...
Tags: taiwan, steel, Steel Wire
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CISA announced That The Aggregate Gross Profit Amounted to RMB 8.087 Billion
Oct 9, 2013The China Iron and Steel Association (CISA) has announced that in the first eight months of the current year the aggregate gross profit of its member enterprises amounted to RMB 8.087 billion ($1.308 billion), while in August alone the ...
Tags: Steelmaker, Mineral
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Chinese Steelmakers Have Been Told to Increase Their Environmental Investment
Oct 6, 2013Chinese steelmakers, already obsessed with low profit margins, have been told to increase their environmental investment to help the country reduce air pollution. As part of an action plan to curb air pollution, the Chinese government is ...
Tags: steel, Construction
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Chinese Steelmakers Should Reduce The Amount of Iron Ore They Buy
Sep 27, 2013Chinese steelmakers should reduce the amount of iron ore they buy through long-term contracts in favor of purchasing from the spot market, through trading platforms, the China Iron & Steel Association said Wednesday. "Mills should ...
Tags: Chemicals
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The Chinese Steelmaker Remained The HRC Export Prices to Vietnam Unchanged
Sep 25, 2013It's reported that the Chinese steel mills started price negotiation for hot rolled coils with the Vietnamese buyers for October and November deliveries. The Chinese steelmakers planned to raise the HRC prices slightly but the price rise ...
Tags: HRC, Construction
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It Might Sound Ridiculous for a Steelmaker to Raise Pigs
Sep 16, 2013It might sound ridiculous for a steelmaker to raise pigs, but Chinese steelmaking firms are showing unprecedented interest in non-steel businesses to cope with the challenge of low profits amid a downturn. Non-steel business turnover of ...
Tags: steel, Non-Steel, Construction
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The Gross Revenue of Chinese Steelmakers Has a Slight Increase in Jan-July
Aug 30, 2013The China Iron and Steel Association (CISA) has announced that in the first seven months of the current year the aggregate gross profit of its member enterprises amounted to RMB 4.943 billion ($808 million). Meanwhile, in the given period ...
Tags: steel, Metallurgy, Mineral
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The Inventory of Iron Ore at Chinese Ports Has a Significant Increase
Aug 29, 2013As of August 27, inventory of iron ore at 25 major Chinese ports amounted to 73.431 million mt, indicating an increase of 1.866 million mt or 2.6 percent week on week, as announced by China's Xinhua News Agency on August 27. As of the ...
Tags: Iron Ore, Chinese Ports
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MIIT Thus Aims to Tackle The Steel Overcapacity Issue in China
Aug 12, 2013An insider from China's Ministry of Industry and Information Technology (MIIT) has disclosed that the ministry is carrying out checks on a second batch of domestic steel enterprises to see whether they conform with required standards in the ...
Tags: Steel Overcapacity, MIIT
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CISA Has Recommended Cancellation of Exemption From 3% Import Tax for Wear-Resistant Steel
Aug 6, 2013Zhang Changfu, vice chairman of the China Iron and Steel Asociation (CISA), has recommended the cancellation of the exemption from three percent import tax for wear-resistant steel as well as the cancellation of the exemption from 17 ...
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CSC Is Going to Release Its List Prices for Steel Bar and Wire Products
Jul 19, 2013It’s reported that China Steel Corp (CSC), the largest carbon steelmaker in Taiwan is going to release its list prices for steel bar and wire products for September. Industry sources predicted that CSC might remain its list ...
Tags: Steel Bar, Wires List
