Chinese mills profit from strong prices in H1

Thu, 29 Jul 2010 01:27:00 GMT
More Chinese mills are reporting that their first-half 2010 profits benefitted from steel price increases and improved sales in early second quarter. Guangzhou Iron Steel (Guanggang), in southern C...
Tags: Steel

Major-mill output continues to drop: CISA data

Thu, 29 Jul 2010 01:16:00 GMT
The 77 member mills of the China Iron Steel Association (CISA) produced a total of 13.46m tonnes of raw steel in the second ten days of July. This was equivalent to 1.35m tonnes/day, down 3% from t...
Tags: Steel

China steel rebound signals bottoming of shipping rates

Wed, 28 Jul 2010 05:37:00 GMT
The smallest profits in the commodity shipping market in 18 months may be ending as a rebound in steel and iron ore prices signal improving Chinese demand that will ease the transport glut. Deutsch...
Tags: Steel

CISA: 77 steel enterprises' profit shank by 40% within June

Wed, 28 Jul 2010 03:13:00 GMT
According to CISA’s (China IronSteel Assciation) investigation on 77 steel enterprises, the total production profit shrank by 40% month-on-month to 6.25 billion Yuan in June caused by the con...
Tags: Steel

Chinese steel exports approach record levels

Wed, 28 Jul 2010 01:52:00 GMT
Chinese exports of flat products reached 3.6m tonnes in June this year, second only to the 3.8mt exported in August 2008, analysts at the London-based Iron Steel Statistics Bureau tell. The June ex...
Tags: Steel

Taigang raises stainless 304 domestic prices

Wed, 28 Jul 2010 01:35:00 GMT
China’s largest stainless producer, Shanxi Taigang Stainless Steel (Taigang), raised its 304 grade domestic stainless list prices by RMB 500/tonne ($74/t) this week after keeping them unchang...
Tags: Ferro ChromeSteel

NDRC: Chinese Steel Industry Profits Up 5.3 Times in The First Five Months of 2010

Tue, 27 Jul 2010 02:44:00 GMT
China's National Development and Reform Commission (NDRC) released new operational data for domestic industries with high energy consumption, and also points out that domestic steel prices fell dow...
Tags: Steel

Mysterious Rebound of 5pct in Just 1 Week

Tue, 27 Jul 2010 01:24:00 GMT
The steel prices in China recorded an impressive rebound last week. The nearly more than 3 months long hiatus was broken if not with a bang but certainly remarkable. A momentary rebound was on the ...
Tags: Steel

Baosteel Predict Steel Demand to Slow Down

Tue, 27 Jul 2010 01:14:00 GMT
Aboard member of China largest steel maker, Baosteel, predicts demand for steel and consequently iron ore will continue to slow for the rest of the year due to softening in the construction and aut...
Tags: Steel

China Steel Price Rebound May Extend to August

Tue, 27 Jul 2010 01:13:00 GMT
China steel market starts to rebound this week after three consecutive months price fall since mid April. Recently, over 20 steelmakers announced to lift their EXW prices. Mr Liu a steel trader unv...
Tags: Steel