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China to address unauthorized steel projects China will take tougher actions to crack down on unauthorized steel projects across the country, according to the latest rules released by the State Council. The new policy not only inherited previous rhetoric: projects across the country, according to the latest rules released by the State Council. The new policy not only inherited previous rhetoric about curbing overcapacity in the steel industry, known as an industrial backbone sector, but also required the National Development and ...

Export rebate rumors confirmed: A Commerce Ministry spokesman confirmed China will reduce export tax rebates on parts of steel products sometime this year in a bid to assist the national goal of saving energy and reducing emissions. He said Chinese exports of steel to Germany, Spain and Britain may be affected ...

Iron ore imports start dwindling: Iron ore imports into China began falling in May as domestic daily steel output fell to 1.81 million tons that month. Data showed China imported 56 million tons of iron ore in May, down 2.5 percent from a year before and some 20,000 tons from the previous month. Transaction ...

Hebei in Rush to Meet the Deadline: The Hebei government is striving to fulfill its target of eliminating outdated capacity by the end of September. The province has so far scraped 1.11 million tons of coke capacity, accounting for 88 percent of its planned target; 12.27 million tons of cement, 97.4 percent; 6.28 ...

Fujian employs punitive electricity fees: Fujian Province has decided to revoke the policy aimed at granting discounted electricity fees to heavy energy consuming sectors including steel and ferroalloy. Besides, electricity fees would be raised, starting from June 1, from 0.05 yuan per kilowatt per hour to 0.10 yuan for ...

Breakthrough in China's Finding Iron Ore Resources: A National Conference on Mining Development and Management held on September 18 showed a number of large or super large iron ore deposits have been discovered in China, totaling over 15 billion tons. Nearly 10 billion tons are harbored in the Anshan-Benxi area in northeastern ...

China Needs to Strengthen Monitoring on Steel Trade Protectionist: There is an urgent need for China to set up a monitoring system for possible trade remedies foreign countries would launch against Chinese-made steel in the future, in order to minimize the losses brought to the industry, said an official from the Ministry of Commerce. His ...

China Unlikely to Raise Steel Export Duty: China is unlikely to raise duties on exports of steel products in the short term, nor will pursue any policy to support them unless exports totally dry up, said a senior official of China's Customs. He added China's decision to cut export rebates on steel products in mid-July was ...

Hebei Steel to Cut Output by 1.5 Mln Tons: Hebei Steel confirmed from September to December the company will cut output by 1.5 million tons, 6 percent of its planned annual production. Affected facilities mainly come from Tangshan Steel, Handan Steel and Chengde Steel. As of mid-September, Hebei Steel raised the prices of ...

Shandong Devises New Setting for Steel: As China's pilot province in the frontier of steel restructuring, the Shandong government has raised the idea of highlighting coastal areas, optimizing inland facilities and, particularly, trying best to foster Rizhao Steel Project. To be more precisely, Shandong Iron and Steel ...

ASEAN Welcomes Chinese Mining Investment: Many ASEAN nations have expressed their willingness to invite Chinese enterprises to tap their vast and, in most cases, intact mineral treasures. They are impressed by China's strength in capital, technique and its experiences. ASEAN countries are rich in resources, such as gold, ...

Steel Logistic Standards Reviewed: Key standards on logistics for the steel industry have been approved by the Ministry of Finance for deliberation and implementation. The research, led by the Steel Logistics Committee of China Federation of Logistics & Purchasing, is set to constitute a scientific, methodical and ...

Foreign Miners Seek Monthly Contract: China Minmetals stressed its support for longer-term contracts amid rumors that the three international iron ore groups intend to replace the existing quarterly contracts with monthly ones. The group held a long-term contract facilitates an easy arrangement for logistics and ...

Steel Industry Forced to Cut Output: To fulfill their energy conservation and emission reduction goals, many steelmakers in Shanxi have vowed to lengthen the period of their production halts in the latter half of this year. According to a mandatory order, energy consumption per unit GDP in 2010 should go down by 5.2 ...

BF Closures may Propel Prices in Zhejiang: BF Closures may Propel Prices in Zhejiang Ningbo Iron and Steel surprised the steel community by temporarily closing a 2,500-cubic-meter blast furnace at a time when the steel market is beginning to perk up. The furnace won't be resumed until the end of this year, affecting at ...

Baosteel Warns Dips in Steel Prices: In view of weak demand at home and decreased steel exports resulting from the rebate tax changes, domestic steel prices may return to a downhill path soon, said Baosteel. In the latter half of this year, the overall economic situation and the steel market remain obscure with ...

Voices for Restructuring Elevated: The National Development and Reform Commission (NDRC) stressed the importance of structural adjustments and the transformation of the development mode in the steel sector at a meeting with participants including CISA and major steelmakers. The NDRC regarded restructuring, output ...

MIIT Issues Standards on Energy Efficiency: The Ministry of Industry and Information Technology published new standards on energy conservation activity covering sectors such as steel, electrolytic aluminum, synthetic ammonia, alkali, calcium carbide, cement and flat class. As these new standards were almost in parallel ...

Hebei to Make It a Steel Giant Province: Hebei Province unveiled a list of the province's top 100 enterprises in 2010 including 33 steel mills. Hebei Iron and Steel came to the No.1 with revenues of 177.09 billion yuan. The local government hopes to set up three to four large steel groups through mergers and acquisition...

China to Exploit Manganese Overseas: State-owned Guangxi Dameng Manganese, one of China's largest manganese ore producers, has signed a letter of intent with visiting South African business delegation led by President Zuma, in the hope of gaining an exclusive right to develop a manganese mine in the richest African ...

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