industry

Chinese steelmakers responded calmly to the failed attempt by Rio Tinto and BHP Billiton to establish an iron ore production joint venture in Australia. China's largest construction steel producer Shagang said the failure would make little difference to its operation. Global ...
A large iron ore deposit consisting of five ore-forming belts was found in Golmud City, Qinghai Province, according to the Department of Land and Resources of Qinghai. The 200-meter long deposit is 4.66 to 11.35 meters thick with iron content of 43.16 percent on average, and has ...
China Iron and Steel Association's member producers made 14.17 million tons of crude steel in the last ten days of September, and steelmakers throughout the country produced roughly 16.78 million tons. Their daily output was 1.42 million tons and 1.68 million tons respectively, ...
Taiyuan Iron and Steel expected a 27- to 27.5-fold rise in its net profits during the first three quarters of this year, to 0.99 billion to 1.00 billion yuan. Its earnings were 0.173 yuan to 0.176 yuan per share. Third quarter net profits were 175 million to 192 million yuan, ...
As of the end of September, authorities in Shanxi Province had fulfilled their goals of eliminating outmoded capacity for the whole year 2010. The government has promised to remove 10.39 million tons of pig iron capacity, 200,000 tons of steel, 5.02 million tons of coke, 200,000 ...
China exported 3.01 million tons of steel products in September, an increase of 210,000 tons from August and up 21.86 percent year-on-year, and exported 230,000 tons of coke, up 190,000 tons from last year while importing 1.32 million tons of finished steel, down 30,000 tons from ...
Steelmakers in China's east-central Henan Province are beginning to feel the effect of the nationwide drive to save energy and cut emissions. They have been told to halve output in the rest of this year. Anyang Steel, a major local mill, has shut down two blast furnaces (400 ...
Handan Steel, a subsidiary of Hebei Iron and Steel shut down three 25 t converters (combine capacity 900,000 tons) on September 28, contributing to the early completion of Hebei Province's tasks to eliminate old capacity concerning 163 local firms in ten industrial sectors. At ...
Zhang Xiaogang, general manager of China's Anshan Iron and Steel Corporation, was elected as a vice chairman of the World Steel Association at a meeting in Tokyo, which, according to WSA practice, means he will assume the WSA chairmanship from October 2011, the first time for a ...
Baosteel and the Bank of China signed a strategic cooperation treaty, setting aside 80 billion yuan for a wide range of business including their go global projects. Steel mills in the Wuan area of Hebei began to restore production from September 27 after 20-odd days' shutdown, ...
Despite having achieved its goal of scraping 100,000 tons of coke capacity, the Yunnan government still has a long way to go when it comes to the local iron and steel sector. In the first seven months, the province eliminated 100,000 tons of pig iron capacity, which is just 5 ...
Xinyu Steel announced the mill has shut down all the three converters classified as obsolete by the Ministry of Industry and Information Technology, removing a total of a million tons of steel capacity. These facilities will be taken apart by the end of this year.
Replacing grade II rebar with grade III may reduce steel consumption by at least 20 percent, which means to save 20 million tons of steel, 32 million to 35 million tons of iron ore and 14 million tons coal per year. China produced 122 million tons of rebar last year, mainly grade ...
The Jiangsu Steel Price Index has officially made its debut to better monitor the tendency of the steel industry in the province and provide government officials and corporate executives with the in-depth analysis of the steel market for their decision-making. The index is ...
Industry and Information Technology minister Li Yizhong said China will continue to boost the restructuring of its industry and the transformation of economic development pattern over the next five years. We will focus on guiding and promoting mergers and acquisitions (M&A) to ...
Tangshan Steel is exploring ways to build itself as one of the world's cleanest steelmakers. The company has demolished three 400-cubic-meter blast furnaces, three wire rod mills and old electric furnaces, all ahead of schedule, and removed ill-designed buildings and structures ...
In the first eleven months, China imported 560 million tons of iron ore, six million tons less than the same period last year; while its import values went up $25.7 billion, or 170 billion yuan. Iron ore prices have risen from $60 per ton last year to today's $170 per ton or ...
China's crude steel output is forecast to reach 620 million tons this year with annual growth rates of 12 percent over the past five years. At present, there are several hundred steelmakers, small and large, in China with a combined production capability of more than 700 million ...
As of the end of November, the Liaoning officials had completed their mission to eliminate obsolete industrial facilities during the 11th Five-Year Plan period. By the end of 2009, the government had managed to remove 6.68 million tons of pig iron production capability and 1.4 ...
An iron ore belt with a preliminary reserve of 300 million tons and a prospective reserve of more than 1.5 billion tons has been found in Tajik Autonomous County of Taxkorgan, Xinjiang, according to the Bureau of Geology and Mineral Exploration of Xinjiang. Since 2007, the bureau ...
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