THE country's main steel makers posted a loss of 12.77 billion yuan (US$1.87 billion) in November, the second monthly net loss after October, according to the latest data released by China Iron and ...
CHINESE steel makers, the largest producers in the world, may cut output by 20 percent next year even with China's 4-trillion-yuan (US$586 billion) stimulus plan, Shougang Corp has said ...
72 medium- and large-sized domestic steel makers in China saw the average costs of pig iron for steel-making fall 13.75% year on year to RMB 350.15 per ton in the first quarter (Q1) of 2009, the official Xinhua News Agency reported, said Luo Bingsheng, vice chairman of the China Iron and Steel Association (CISA),...
RMB 3.31 billion in the first quarter of 2009, including RMB 1.51 billion in the Jan-Feb period and RMB 1.8 billion in March, according to statistics from the China Iron and Steel Association (CISA). In the first three months of this year, 34% of the 72 medium- and large-scale domestic steel makers posted losses, while...
China Iron and Steel Association did not agree to the insufficient temporary 20% price cut offered by Rio Tinto Group, the world's second largest iron ore producer, and said Chinese steel makers should only pay 60% of iron purchases until a better arrangement can be reached, the China Business News reported on Wednesday.Rio Tinto offered a temporary 20% price discount to Asian steelmakers to try to reach a new...
BEIJING, Oct 24 - PrivateChinese steel maker Qianan Rongxin, one of two approved by the LME last month, does not immediately plan to export billets after a surge of material from China in the third...
FERROCHINA, a Chinese steel maker, said yesterday that it is unable to repay loans totaling 706 million yuan (US$104 million) because of the "current economic crisis." A further 4.52 billion yuan in loans ...
Four Chinese steel makers planned to cut output by 20 percent this month, sources said.Against the backdrop of sluggish market and business challenges, major steel makers including Hebei Iron and Steel Group...
China's 71 major steel enterprises saw profits increase by RMB 2.51 billion to RMB 3.55 billion in June, according to statistics released by the China Iron and Steel Association. The number of the companies that posted a loss fell to eight in June from 20 in May. The aggregate profit of the 71 major steel...
BEIJING, March 21 - China will concentrate more power in the hands of fewer auto and steel companies, the government has said in unveiling its most concrete plans yet for reform of the two industries....