Steel Sector articles & resources on Made-in-China.com

China Makes Headway in Steel Capacity Cut

Aug 11, 2016

Efforts to reduce China's steel production overcapacity are forging ahead according to plan, the top economic planner said Wednesday. In a medium-term roundup of the drive, the National Development and Reform Commission (NDRC) said, in an ...

Tags: steel production, overcapacity

New Economy Needs Renewed Focus on Soft Skills

Mar 23, 2016

As China rebalances its economy, some are concerned that the expected slowdown in investment might lead to job losses. Yin Weimin, minister for human resources and social security, told a news conference on February 29 that 1.3 million ...

Tags: Soft Skills, coal sector

CISA Tells China Iron Ore Importers to Keep Close Eye on Steel Credit Crunch

Dec 18, 2015

China's iron ore importers need to keep a close eye on the country's steel mills as they mull output cuts and shutdowns amid a year-end credit crunch, the China Iron and Steel Association said Thursday. Prices of iron ore derivatives ...

Tags: iron ore, Steel

Goldman Sachs Lowers 2017 Iron Ore Price Forecast $5/Dmt to $35/Dmt CFR China

Dec 18, 2015

Investment bank Goldman Sachs late Wednesday lowered its iron ore price forecast for 2017 by $5/dmt to $35/dmt CFR China after a faster-than-expected softening in seaborne prices. "Iron ore prices have reached our $40/dmt forecast one ...

Tags: iron ore price, steel

China to Bring Iron and Steel Sector Back to a 'Basically Balanced Level' by 2017

Mar 24, 2015

China will accelerate the overhaul of its overly-invested iron and steel sector to bring it back to a "basically balanced level" by 2017, the industry ministry said. The Ministry of Industry and Information Technology (MIIT) said it would ...

Tags: Steel Industry, Iron Steel

Govt Is Supposed to Support China's Steel Industry

Mar 9, 2015

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

Chinese Steelmakers Eyes on Overseas Markets

Nov 10, 2014

Although dwindling domestic demand and excess capacity have shrunk profit margins for most Chinese steelmakers, it has inspired some to tap overseas markets for sustained, long-term growth. Hebei Iron &Steel Co, China's second-largest ...

Tags: Chinese Steelmakers, Iron, Steel

Chinese Investment to Encourage Foreign Funds

Nov 6, 2014

The Chinese government on Tuesday began to solicit public opinion on a catalogue of industries to guide foreign investment. The draft axes the number of sectors that limit foreign investment from 79 to 35 and cuts the number of items that ...

Tags: Chinese Investment, Foreign Funds

The PMI for The Chinese Steel Sector Was at 46.0 Percent in October This Year

Nov 4, 2014

In October this year, the purchasing managers index (PMI) for the Chinese steel sector was at 46.0 percent, up by 2.4 percentage points as compared to September, but still remaining below the 50 percent threshold, as announced by the China ...

Tags: Steel Sector, PMI

Economic Growth in The EU Has Remained Soft So Far This Year

Nov 4, 2014

Economic growth in the EU has remained soft so far this year, with a particularly disappointing performance of the euro area in the second quarter, according to the Economic and Steel Market Outlook 2014-2015/Q4 2014 Report from the ...

Tags: Steel market, Steel Demand

Nacionales and Metaldom Completed Their Merger

Oct 21, 2014

Dominican steelmakers Industrias Nacionales (Inca) and Metaldom completed their merger, the companies said Wednesday, and will now be known as Gerdau Metaldom. According to Gerdau, which controls 79.97 percent of Inca, "the first ...

Tags: steelmakers, Mineral

Third Country Imports Remained on a Rising Trend in July and August

Oct 15, 2014

The latest EU customs statistics show that third country imports remained on a rising trend in July and August, according to the European Steel Association (EUROFER). During the July-August period, finished steel imports of the EU rose 32 ...

Tags: Low-Priced Imports, Fragile Recovery

Turkey's Iron and Steel Exports Totaling $689.58 Million in August

Oct 12, 2014

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in August this year Turkey's foreign trade deficit increased by 13.5 percent to $8.36 ...

Tags: Metallurgy, Mineral, Energy, Steel

The Purchasing Managers Index for The Chinese Steel Sector Was at 43.6 Percent

Oct 9, 2014

In September this year, the purchasing managers index (PMI) for the Chinese steel sector was at 43.6 percent, down by 4.8 percentage points as compared to August, still below the 50 percent threshold and falling to the lowest level of the ...

Tags: Steel Sector, PMI

The Focus of The Talks Held by Jsw Steel Chairman Was The Issue of Industrial Policy

Sep 9, 2014

Matteo Renzi, Italian prime minister, and Enrico Rossi, president of the region of Tuscany, held talks at the weekend with JSW Steel chairman Sajjan Jindal, as the Indian giant considers investing in some of the country's steel assets. The ...

Tags: Metallurgy, Mineral, Energy, Steel

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