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Shougang Steel may ink Tonggang deal this month

Shougang Steel Group is likely to acquire a majority stake in Jilin-based steelmaker Tonghua Iron & Steel Group (Tonggang) this month, according to a Tonggang official. The restructuring deal will bolster cash-strapped Tonggang, the official said. "Shougang President Zhu Jinmin ...

Tangshan Steel, Baotou may halt some output

Tangshan Iron & Steel Group, part of China's biggest steelmaker, and Baotou Iron & Steel Group may shut plants for maintenance this month, cutting production as prices fall, an analyst said. Tangshan Steel, the main unit of Hebei Iron & Steel Group, may reduce hot-rolled coil ...

Steel firms nervous over talk of rebate cut

Chinese steel producers are worried over a possible export rebate cut by the Chinese authorities amid growing export risks imposed by trade remedy measures from the United States and the European Union. Wu Genping, the official of the General Administration of Customs, said the ...

Ansteel to bring Pangang under its umbrella

BEIJING - Anshan Iron and Steel Group (Ansteel) has received approval from the State-owned Asset Supervision and Administration Commission to bring Pangang Group under its fold, a source familiar with the matter said on Monday. Angang Steel Co Ltd, the listed unit of Ansteel, is ...

Zhangbei to host world's largest solar power project

It is reported that the government of Zhangbei County and the Hebei New Power Development Company, a subsidiary of GD Power Development Co., have reached a contractual agreement to establish the largest solar power project in world history there in Zhangbei. Once established, the ...

Ore price hikes force mills to appeal for govt support

Iron ore contract costs may rise 65% on strong domestic demand Estimates that iron ore contract prices may go up have put further pressure on Chinese steel mills, forcing them to appeal to the government to solve the problem at a national level. JPMorgan on March 12 revised its ...

China steelmakers want govt in ore talks

The vice president of the China Iron & Steel Association (CISA) and the heads of more than 10 Chinese steelmakers wrote a joint letter to Premier Wen Jiabao on March 11, asking him to take up the issue of rising iron ore import prices at a national level, the China Securities ...

Hebei Steel eyes more acquisitions

Hebei Iron & Steel Group is planning more mergers and acquisitions in China and abroad as part of a government drive to improve the country's mills. "We want to make further progress on mergers and acquisitions," Chairman Wang Yifang said at a press conference in Beijing Thursday...

Hebei wants unified iron ore imports

Hebei Iron and Steel Group has proposed to the Ministry of Industry and Information Technology (MIIT) that a national iron ore company be formed to centralize iron ore imports, according to sina.com.cn. A senior executive from the nation's second largest listed steel mill, said ...

China should cut foreign ore to 1/3 of needs

China, the biggest buyer of iron ore, should reduce supplies by foreign companies to just one-third of its requirements by 2015 by boosting domestic output and investing overseas, the China Iron & Steel Association said. Imports rose 4.1 percent in the first half from a year ago, ...

Hebei Steel still China's top mill in H1

SHANGHAI- China's Hebei Iron & Steel Group remained the country's biggest steel producer in the first half of the year after raising crude steel output by 26 percent from a year earlier, the company said on Thursday. It said in a statement posted on its website that it produced ...

9,200 openings available at Hebei job fair

A total of 9,200 openings will be offered at this year's Hebei Summer Job Fair in Shijiazhuang, the province's capital, the Yanzhao Metropolitan Daily reported. Shanghai Mitsubishi Elevator and Great Wall Motor Co Ltd are among 545 companies offering 9,200 positions at the fair. ...

Construction underway for Hebei Agricultural Park

Hebei Agricultural University s Agricultural and Business Logistics Park Builders have broken ground on a park Hebei government officials consider one of their most important projects of 2010. Construction of Hebei Agricultural University s Agricultural and Business Logistics ...

China steel output up on production restart: CISA

China's crude steel production recovered quickly in late September as some mills in northern Hebei province resumed output, Reuters reported on Thursday according to industry data. China Iron & Steel Association (CISA) data showed daily crude steel output was 1.678 million tons ...

CISA moves to trim ore imports

China's requirements may remain at or even top last year's level, Rio says China's iron ore imports this year will not exceed last year's, with domestic ore production touching 1.1 billion tons, the China Iron and Steel Association (CISA) said. Shan Shanghua, secretary- general ...

Solar industry players hit by rising orders

A worker assembles solar battery panels at a factory in Nantong, Jiangsu province. Experts said at the 2010 China (Chengdu) New Energy International Forum and Fair that the government should take more steps to develop the domestic solar energy market. [Zhang Xiaoyu / for China ...

International cooperation summit begins Sept 16

Chen Guoying, mayor of Tangshan and deputy secretary of the CPC Tangshan municipal committee, delivering a speech. (by Zou Baokun) The International Cooperation Summit on Port Industries was held in Caofeidian, Tangshan in Hebei province on September 16. The meeting attracted ...

China works to ease iron ore supply strains

China, a country hungry for iron ore, is ramping up its mineral exploitation efforts and upgrading its steel-making industry's structure as it deals with its iron-ore supply dilemma. China produces more than a third of the world's steel and imports 68 percent of the world's steel ...

China steel output rose 2% in early November: CISA

China's massive steel sector produced 2 percent more crude steel in the first 10 days of November than in late October, data from the China Iron & Steel Association (CISA) showed on Thursday. The country's average daily crude steel output stood at 1.601 million tons in the first ...

China's Hebei Steel alliance to add new capacity

Hebei Iron & Steel Group, China's biggest steel maker, has signed an alliance agreement with five domestic steel mills in a move that will boost its production capacity, the China Securities Journal reported on Friday. The consolidation will add new production capacity of more ...
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