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Price February.8 February.12 2010

February.8 February.12 2010 yuan RMB/ton Type Spec. Last Week(A) This Week(B) (A)/(B) % (A)/end of 2009 % mm Price Index Price Index Wire Rod 6.5 3800 110.37 3800 110.37 0.00 1.63 Rebar 12-25 3875 110.12 3859 109.66 -0.45 0.34 Plate 6 4355 119.12 4335 118.57 -0.55 2.30 HR Sheet 1 ...

Laiwu Steel 09 profit down 52 percent

Last year Laiwu Steel, a subsidiary of Shandong Iron and Steel Group, produced 4.93 million tons of pig iron, 5.93 million tons of steel, 6.91 million tons of merchant billet and steel products, had an operating revenue of 28.28 billion yuan, down 29 percent, and an attributable ...

Wisco speaks for seaside steel projects

Wisco general manager Deng Qilin has called for immediate approval from the central government of China's two seaside steel complexes Guangdong's Zhanjiang Steel project owned by Baosteel and Guangxi's Fangchenggang Steel project by Wisco, which have intentionally been delayed ...

Shougang 09 profit down 10 percent

Shougang posted an attributable net profit of 368 million yuan last year, down 10.44 percent from 2008; and an operating revenue of 22.79 billion yuan, down 7.04 percent. The decline, the mill claimed, was the outcome of stalling on export due to weak overseas demand, lower ...

Hebei Steel opens Hong Kong branch

Hebei Iron and Steel (Hong Kong) International Trade Co Ltd was officially inaugurated, marking a big step towards the group's aggressive overseas development strategy after Hebei Steel reached a raft of long-term purchase contracts with leading foreign iron ore suppliers such as ...

Chinese steelmakers named World Famous Brands

A name list of the world's top 500 Famous Brands was released in Tokyo on February 9. Among the nominees included thirteen Chinese steelmakers such as Shagang, Baosteel, Minmetals, Sinosteel, Hebei Iron and Steel, China Metallurgical Group, Shougang, Wuhan Iron and Steel, ...

Ansteel expands port services

Ansteel has agreed to further participation into the operations of steel- and iron ore-dedicated docks in Yingkou - home to Ansteel Bayuquan Steel New Apace - together with its four-decade long partner Yingkou Port Group after the first dock services cooperation agreement was ...

Price February.1 February.5 2010

February.1 February.5 2010 yuan RMB/ton Type Spec. Last Week(A) This Week(B) (A)/(B) % (A)/end of 2009 % mm Price Index Price Index Wire Rod 6.5 3831 111.27 3800 100.37 -0.9 1.63 Rebar 12-25 3900 110.83 3875 110.12 -0.71 0.8 Plate 6 4368 119.47 4355 119.12 -0.35 2.84 HR Sheet 1 ...

Shandong Steel Group simplifies public vehicles

Jinan Steel, now a listed subsidiary of Shandong Iron and Steel Group, announced it plans to absorb all the shares of Laiwu Steel, another listed arm of Shandong Steel Group, through a share-swap deal (each share of Laiwu Steel values 2.43 shares of Jinan Steel), and act as a ...

Benxi Steel develops X100 welded pipe steel

Benxi Steel successfully test rolled out X100 spiral welded pipe steel for the oil sector from its 2,300 mm continuous hot rolled machine. The steel produced this time was 15.3 mm thick, the thickest of similar products ever made at home, and will be trial used in the third ...

Baosteel strikes ferroalloy deal

Baosteel Resources Co Ltd signed a share transferring agreement on February 22 to take over 10 percent, or 11 million shares, of Jiangxi Yongsheng Mining and Metallurgy Co Ltd, China's third largest ferrovanadium producer and a leading ferromanganese supplier, clearing the way ...

Ansteel acquires CR shape controlling technique

Ansteel has overrun overseas long-term oligopoly by developing cold rolled shape controlling system, believed to be the mill's first unique technical brand that consists of 14 invention patents, ten practical new patents, five software copyrights and two academic publication ...

Price January .25 January.29 2010

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Chengde Steel Pipe allies with PCC

America's PCC Group, a leading producer of high-nickel alloy, nuclear pipeline and forging parts for spaceship and one of the world's top 500 enterprises, agreed to purchase 49 percent of Yangzhou-based Chengde Steel Pipe Group, China's biggest large-diameter seamless pipe ...

Benxi Steel to issue short-term bonds

Benxi Iron and Steel (Group) Co Ltd, rated by CCXI with AA+ for its long-term credit and A-1 for its financing bonds credit, will issue unsecured short-term (365 days) bonds on February 11 to raise three billion yuan.

handan Steel produces 8.91 million tons of steel in 2009

In 2009, Handan Steel produced 9.98 million tons of pig iron, up 61 percent; 9.56 million tons of steel, up 57 percent; and 8.91 million tons of steel produces, up 58 percent, and had sales revenue of 43.2 billion yuan. The mill plans to produce 10 million tons of steel and pig ...

Ansteel posts positive 09 results

In 2009, Ansteel's output of pig iron and steel both surpassed 20 million tons and its steel products output reached 19 million tons. The mill had an operating revenue of up to 80 billion yuan and a profit of 3.1 billion yuan. Its sales of medium shipbuilding steel grew by 13 ...

Chongqing Steel to achieve iron ore self-supply

By 2012, Chongqing Steel will have produced enough iron ore to cover its own demand, currently at five million tons per year, four million tons of which come from Australia and Brazil, exposing itself to the swings of iron ore price in the international markets. Among domestic ...

Liuzhou Steel 09 profits up 16 times

Despite a year-on-year fall of 9.07 percent in operating revenue to 26.5 billion yuan, Liuzhou Steel posted a far-greater-than-expected increase of 1,641.25 percent in net profits, at 270 million yuan, and earnings per share of 0.11 yuan last year.

Masteel develops energy efficient steel

As of the end of 2009, Masteel had applied 28 counts of patent for its scientific subject on the development and application of highly efficient construction steel. The mill has developed a number of such steel to date. It is estimated that the adoption of energy efficient steel ...
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