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China steelmakers likely to raise prices in Sept

Big Chinese steelmakers are likely to raise their product prices in September after a rebound in the steel market over the last several weeks, the China Securities Journal said on Monday. The newspaper cited traders and analysts as saying that a pickup in market steel prices that ...

Anti-trust law treats 'all firms equally'

BEIJING - China has "never discriminated" against foreign companies by using different standards in handling cases of mergers and acquisitions (M&A) involving the anti-trust law since its implementation in 2008, said a senior official of the Ministry of Commerce on Thursday. ...

China July steel output down 3.7% at 51.74m tons

China's output of crude steel in July reached 51.74 million tons, up 2.2 percent from a year ago but down 3.7 percent from June, figures from the National Bureau of Statistics showed on Wednesday. The figure amounts to 1.67 million tons a day, down from 1.79 million tons in the ...

Steelmakers restock as iron ore buys rise

SHANGHAI - Iron ore imports by China, the largest buyer of the steelmaking ingredient, rose for the first time in four months in July, indicating steelmakers are restocking after depleting inventories. Imports gained 8.5 percent to 51.2 million metric tons in July, from 47.2 ...

Pan-Beibu Gulf members ink port agreements

NANNING - Port companies from China and Southeast Asian countries inked agreements to strengthen cooperation at the fifth Pan-Beibu Gulf (PBG) Economic Cooperation Forum which closed here on Friday, as part of the efforts to construct the PBG logistics network. These agreements, ...

China's machinery sector may cool in step with economy

Beijing - China's machinery industry has rebounded during the first half of this year, but the momentum is likely to slow as the country's economy cools. The machinery industry has grown by 37 percent during the first six months of 2010, with a total output value of 6.59 trillion ...

China iron ore imports up 9% in July

China's imports of iron ore in July rose 9 percent from June to 51.2 million tons, customs figures showed on Tuesday. The increase followed three consecutive monthly declines to 47.2 million tons in June, with Chinese customers holding back on purchases amid fading domestic ...

Steel exports may falter after policy change

Chinese steel exporters may see hurdles later this year, as the country is set to limit exports in high polluting, high energy-consuming, and resource sectors, according to media reports Monday. China is to lower or scrap export tax rebates on exports in such sectors, and lift ...

Steel price down despite iron ore price hike

BEIJING: International suppliers are raising iron ore prices. But as experts have pointed out, this does not necessarily mean a rise in steel prices. In the first four months of this year, the price of imported iron ore in the Chinese market rose by 26 percent, which pushed up ...

June exports hit record high

BEIJING - China's exports for June hit a record high since July 2008 and the trade surplus also surged to the highest this year, but economists insisted such strong momentum cannot be sustained and there is little possibility that the yuan will gain by large margins, as widely ...

China, Venezuela sign agreements on oil, hydropower projects

CARACAS - China and Venezuela on Saturday signed a series of agreements to help the latter develop its oil and hydropower industries. Under the agreements, the two countries will set up an oil exploiting and processing joint venture in Venezuela's Orinoco reserves belt. China ...

Iron ore price hikes threaten disruption of China's steel market: ministry

BEIJING - A senior Chinese industry official has warned major iron ore producers that huge price hikes are likely to damage China's steel market and relations between iron ore and steel producers.China's steel mills were under "great pressure" from soaring iron ore prices, which ...

US investigates alleged sops for extrusion firms

BEIJING - The United States Commerce Department said on Thursday it will investigate whether Chinese aluminum extrusion manufacturers have received government subsidies and dumped products at rates below the average market price in the US. But the department didn't say whether it ...

China to curb farm produce speculation

China's National Development and Reform Commission (NDRC) said Monday it will curb speculation in farm produce, prices manipulation, and supplies monopolies, and investigate criminals when severe market disruption is spotted. The NDRC said specific definitions and punishment are ...

HK and Guangdong sign cooperative agreement

HONG KONG - Donald Tsang, chief executive of Hong Kong, and Huang Huahua, governor of Guangdong province, signed the first framework agreement on Hong Kong-Guangdong cooperation in Beijing on Wednesday in the presence of Vice-President Xi Jinping. At the ceremony, Tsang said the ...

China slaps duties on US, Russian silicon steel

BEIJING: China has imposed countervailing duties on grain-oriented electrical steel produced in the United States, as well as anti-dumping duties against Russian and US steel, its customs administration said. US producers will be assessed for anti-dumping duties of up to 64.8 ...

China near-term steel demand high, growth low

SHANGHAI: China's steel consumption is expected to remain high but grow slowly in the short term, the chairman of China's Baosteel said on Thursday. Over the long term, Xu Lejiang added, China's demand for steel-making raw materials, including iron ore and coking coal, will shift ...

Google, Rio Tinto cases not damage investment env't

BEIJING - China would stick to its policies of attracting foreign capital and the country's investment environment would not be damaged by the Google and Rio Tinto cases, a senior official said here Friday. Chen Jian, vice minister of Ministry of Commerce, made the remarks in ...

China's iron ore talks with Vale, BHP 'pointless'

China's talks with the world's biggest iron-ore miners are "pointless" as its steelmakers have to accept the higher terms Vale SA negotiated with Japan this week, Jiangsu Shagang Group Co Chairman Shen Wenrong said. "We have no options," Shen, who heads China's largest privately ...

Employees in Rio Tinto case appeal terms

SHANGHAI - Three of the four employees of mining giant Rio Tinto who were jailed by a Shanghai court last month for taking bribes and stealing commercial secrets have decided to appeal their jail terms, their lawyers said Wednesday. But Stern Hu, the Australian national who ...

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china

Bill Gates talks nuclear
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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Merck to put $1.5b in R&D
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world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
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Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
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trade

sports

Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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