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Yingye May Invest in Australian Mine

Hebei Jingye Group is in talk with its Australian partner over the issue of equity distribution related to a joint venture iron ore project in Australia. This private mill, to which Hebei Iron and Steel Group holds 10 percent of shares, needs to import more than four million tons ...

High-quality Auto Panel Steel Debuts in Hebei

Hebei Iron and Steel Group Handan Steel Plant has rolled out the province's first piece of DC06 type extra-deep drawing IF steel, labeled as the highest steel grade used in the auto industry at home. Handan Steel has been in a position to produce 90 percent of all types of auto ...

Tangshan Steel Kicks off Direct Steel Sales

For the first time in history, Tangshan Steel sold 500 tons of galvanized steel directly to Zhuhai Gree Electric Appliances on March 10. The products in question are 0.65 mm and 0.75 mm thick, and 1,150 mm, 1,200 mm and 1,250 mm wide. The company's monthly output of home ...

Hebei Steel Concludes New Cooperation Deals

Hebei Steel has signed strategic cooperation agreements with 37 domestic companies in various fields to secure order intake of 10.25 million tons this year, 30 percent of the company's total sales volume. The group's steel output reached 44.78 million tons last year, up 6.4 ...

Bayi Steel Sets Production Goal

Xinjiang Bayi Steel, a subsidiary production unit of Baosteel, has received approval from local officials for the building of Baicheng Steel and Yili Steel bases, which will add five million tons to current capacity when they become operational in 2012. Baosteel has agreed to ...

Bayi Steel Wins Railway Order

Bayi Steel has won a tender by an overwhelming advantage to supply 248,000 tons of steel this year for the Lanzhou-Xinjiang High-speed Railway project, the longest, high standard passenger railway in China s western region. This followed the deal the company signed to provide 235...

Baosteel among the World's Most Admired Firms

Baosteel ranks seventh place among the metals industry category of Fortune Magazine's recently published 'most admired companies' list for 2010 with its overall scores at 6.38, 0.02 point higher than the previous year. POSCO, Arcelor Mittal and ThyssenKrupp are the top three ...

Panzhihua Steel to Expand Iron Ore Output

Panzhihua Steel Vanadium and Titanium has obtained the green light from the National Development and Reform Commission for its expansion plan that will help to increase the output of virgin ore by 10 million tons, iron concentrates by 2.84 million tons, titanium concentrates by ...

Chinas industrial output up 19.2% in November

BEIJING, Dec. 11 (Xinhua) -- China\'s industrial output growth accelerated to 19.2 percent in November year on year, following a 16.1-percent increase in October, data from the National Bureau of Statistics showed Friday. The figure increased 10.3 percent year on year over first ...

Chengde Steel Supports Japan in Earthquake Relief

Chengde Steel has melted and rolled out the first 1,000 tons of vanadium-bearing high strength coiled bar with the components acceptance rate all meeting the standards required by a Japanese contractor engaging in the post-quake reconstruction work in eastern Japan. Shipment of ...

Wisco to Set up Tinplate JV

Nippon Steel and Wuhan Iron and Steel (Wisco) have formally agreed to set up a joint venture for tin plate production in Hubei. The total investment for the JV is estimated at $277 million, and would be the largest JV project in the Province.

Wisco s HR Sheet Sold to South Korea

A cargo of 15,500 tons of hot rolled thin sheet produced from Wuhan Steel's CSP production line will be arriving at South Korea's Posco Group. This is the second time the Chinese steelmaker sells such a product to Posco. The CSP line in question can produce super-thin strip with ...

China to further boost domestic consumption in 201

BEIJING, Dec. 9 (Xinhua) -- China\'s State Council said Wednesday that the government will continue to tap into the domestic market for a stable and relatively rapid economic growth next year. Policies to boost consumption will be further strengthened and most of the current ...

Chinas currency regulator says to promote trade ba

BEIJING, Dec. 8 (Xinhua) -- China\'s exchange rate regulator said Tuesday it would work to promote balance of payment next year by stabilizing exports while expanding imports. The promotion of balance of payment should be the fundamental of the work in 2010 in order to safeguard ...

China to continue fiscal and monetary policies nex

BEIJING, Dec. 7 (Xinhua) -- China would continue to adopt the proactive fiscal policy and moderately easy monetary policy next year and endeavor to improve the economic growth quality, according to the Central Economic Work Conference Monday. Chinese President Hu Jintao and ...

Mainland, Taiwan experts start talks on long-awaited economic pact

BEIJING, Jan. 26 (Xinhua) -- Experts from the Chinese mainland and Taiwan held their first talks here Tuesday to pave the way for a long-awaited pact that is expected to boost cross-Strait economic ties. The experts' meeting would prepare for formal discussions on the proposed ...

China's SOE watchdog pushes for value creation mindset

BEIJING, Jan. 15 (Xinhua) -- China's large state-owned companies with high sales and substantial assets may no longer be deemed "successful" under new government performance measurements. Huang Shuhe, vice chairman of the State-owned Assets Supervision and Administration ...

China's new loans rise to 379.8 bln yuan in December

BEIJING, Jan. 15 (Xinhua) -- China's new yuan-denominated lending in December rose to 379.8 billion yuan (55.6 billion U.S. dollars) from November's 294.8 billion yuan, the People's Bank of China, the central bank, said Friday.

China s 09 economic results released

According to preliminary data, China's gross domestic product (GDP) reached 33.54 trillion yuan in 2009, up 8.7 percent year-on-year. The growth rate was 0.9 percentage point lower than the previous year. The growth of GDP stood at 6.2 percent in the first quarter, 7.9 percent in ...

China's move to raise bank reserve ratio draws global response

BEIJING, Jan. 13 (Xinhua) -- The decision of the People's Bank of China (PBOC), the central bank, to increase the deposit reserve requirement ratio has drawn worldwide attention and fluctuations in global markets. The PBOC decided on Tuesday to raise the deposit reserve ...
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