First-quarter steel exports surged 40.7 percent to 25.78 million metric tons as mills responded to weak domestic demand and falling prices, the China Iron and Steel Association said on Wednesday. "Although domestic steel companies face ...
Tags: Steel Mills, steel exports
Chinese steelmakers are facing more headwinds this year as economic growth slows and need government support to tackle long-term overcapacity, the chairman of Anshan Iron & Steel Group said. China's steel sector has been struggling with ...
Tags: Steel, Metallurgy, Mineral
On December 19, Beijing-based Chinese steelmaker Shougang Iron and Steel Co. announced that its net asset value is expected to increase by an estimated RMB 3.4 billion ($0.55 billion) due to its holding company BAIC Motor Corporation Ltd ...
Tags: steelmaker, Metallurgy
In its financial report for the first half of the current year issued on August 12, Beijing-based Chinese steelmaker Shougang Iron and Steel Co. announced that it recorded a net profit of RMB 9.3602 million ($1.5 million) for the given ...
In its preliminary financial report for the first half of the current year, Beijing-based Chinese steelmaker Shougang Iron and Steel Co. has announced that it expects to record a net profit of RMB 0-10 million ($0-1.63 million) for the ...
Tags: China, Shougang Steel, Metallurgy, Mineral
Beijing-based Chinese steelmaker Shougang Group has announced that on June 18 it plans to issue short-term bonds worth RMB 6 billion ($0.98 billion) for a term of 365 days, in its first short-term bond issue in the current year. Huaxia Bank ...
Tags: Shougang, Short-Term Bonds
Shougang, one of the major steel producers in China planned to remain its crude steel output unchanged at 33 million tons in 2014 due to uncertainties on steel prices. Last year, Shougang’s crude steel output was at 33 million tons ...
Tags: steel, metallurgy
China's Shougang Group plans to maintain its crude steel output at 33 million mt in 2014 amid uncertainties on steel prices, a company source said Friday. The state-owned steelmaker has six 2,500-cubic meter blast furnaces at Caofeidian, ...
Tags: Shougang, Crude Steel Output
Chung Hung Steel, one of the major carbon steel flat product manufacturers in Taiwan is expected to raise its prices for next January, supported by higher demand from Southeast Asia, Europe and the US and Chinese steel mills’ ...
Tags: steel, metallurgy, Taiwan
It is reported that Chinese Shougang announced both hot rolled and cold rolled price were unchanged in January 2014. For carbon, low alloy, diamond plate, steel remained stable. Currently, Q235 material 4.75mm*1500*C factory price hot ...
Tags: steel, price, metallurgy
Jin Wei has been appointed as president of Beijing-based state-owned Chinese steelmaker Shougang Group by the municipal government of Beijing, as announced by China's Xinhua News Agency on December 11. Wang Qinghai was the previous ...
Tags: Jing Wei, Shougang Group, appointment
It’s reported that the Chinese steelmaker Shougang announced to keep its list prices for steel flat products unchanged for December. After the announcement, its list prices for Q235 hot rolled coils (HRC) with size of 4.75mm x 1,500mm ...
It's reported that the Chinese steelmaker Shougang announced that its operating revenues totaled RMB7.001 billion in January-September period, falling by 11.05% year on year. Meanwhile, Shougang posted a net loss of RMB391 million for the ...
Tags: steel, Construction
The South East Asia Iron and Steel Institute (SEAISI) said today, October 28, that the ASEAN (Association of Southeast Asian Nations) region is a significant net importer of steel products, pointing out that the region is not ...
Tags: Steel Plant, Mineral
Beijing-based Chinese steel producer Shougang Group has announced that in the first three quarters of the current year its operating revenue amounted to RMB 7.001 billion ($1.14 billion), down 11.05 percent year on year. Meanwhile, the ...
Tags: Shougang Group, steel