On March 5, Chinese Premier Li Keqiang delivered his government work report during the opening meeting of the second session of the 12th National People's Congress (NPC) in Beijing, stating that in 2014 China's GDP is expected to grow by ...
Tags: Steel Capacity, Mineral
The government of China's Xinjiang autonomous region has stated that it is committed to eliminating 2.4 million mt of backward steel capacity within two years and will not approve new projects in the steel industry, according to its program ...
Tags: resolving severe overcapacity, Xinjiang, Metallurgy, Mineral&Energy
Chinese steel mills' credit woes have further depressed domestic silicomanganese prices, market sources said Monday. Domestic silicomanganese prices were pegged by the sources at about Yuan 6,600/mt ($1,083/mt), about Yuan 200-300/mt ...
Tags: Steel Mills, Mineral
Mexican steel producer DeAcero released a request Thursday that the US Department of Commerce avoid trade disputes with Mexico and focus on the defense of NAFTA regions, which receive unfair imports from China and the European Union. In ...
Tags: DeAcero, Rebar Mills
China's drive to transform its economy, which includes reducing the role of energy-intensive industries and paring steel capacity, is driving up coal inventories at key ports as demand across a variety of sectors weakens. Inventories at ...
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
China's largest steel base, Hebei province, will cut 67.26 million metric tons of capacity by 2017 without putting too much emphasis on local growth in gross domestic product in order to create a sustainable development of the industry and ...
Tags: Steel Capacity, Pollution
Tangshan Iron and Steel Group Co Ltd is leading the effort to go abroad as the country's steel and iron industry struggles with overcapacity, reports Du Juan from Tangshan, Hebei province Against the background of the overcapacity problem ...
Tags: Steel Capacity, Mineral
Chinese steelmakers' profits will remain low next year as output remains high and demand growth slows, said industry experts. The ratings agency Moody's Investors Service said on Wednesday that its outlook for the Asian steel and coal ...
Tags: Steel Sector, steel capacity
The growth rate of China's steel demand will decline from 6.3 percent this year to 3.2 percent in 2014 in the wake of the country's economic transformation and the government's efforts to improve the environment. The nation's steel ...
Tags: steel, steel demand, China
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
Hebei said it eliminated 4.56 million metric tons of ironmaking capacity and 6.8 million tons of steelmaking capacity in three cities on Sunday, marking the start of the province's campaign to cut excess production capacity. On Sunday, a ...
Tags: Dismantles Iron, Steel
In a move to overhaul an inefficient industrial sector, Libya is considering the sale of Misrata-based steel plant Libyan Iron and Steel Co (LISCO), along with eight other state-owned companies from various sectors, Libyan Industry Minister ...
Tags: Metallurgy, Mineral, Energy
On October 15, the Chinese government announced on its website that China is to focus on restructuring the iron and steel industry in the provinces of Shandong, Hebei, and Liaoning, and in certain other provinces. Accordingly, concentrating ...
Tags: Metallurgy, Mineral, Energy, Restructure Steel