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Hebei Steel cuts November key steel prices

China's Hebei Iron & Steel Group has cut prices of its main construction steel products by up to 180 yuan ($27.04) a ton, Reuters reported on Tuesday, citing the China Securities daily. The firm, one of the country's top steelmakers in terms of output, cut its coiled rebar prices ...

tarwood looks to clean up in green energy industry

Robert F. Kennedy Jr, environmental advocate and senior adviser to Starwood Energy Group, said on Monday that the group is exploring investment opportunities in the Chinese utility-scale renewable generation industry in the booming green sector. "We are seeking investment ...

Sagging profits drive steel sector reforms

Industry in period of low growth, overcapacity weighing on prices China's steel industry is operating on a profit margin lower than all other industries, touching 3.5 percent, pushing the industry to reform its structure, a senior official said on Sunday. "The industrial average ...

China's Shougang halts operations in Beijing

China's major steelmaker Shougang said it plans to halt its main steelmaking operations in the Shijingshan district of Beijing by Dec 31, Reuters reported. The main facilities include ironmaking workshops, coking plants, steelmaking workshops and high-speed wire rod mills, which ...

Construction under way on Hebei aviation town

The construction of Hebei aviation town is under way smoothly The aviation city, located in Xinhua district, Shijiazhuang in Hebei province, covers an area of over 220 square kilometers and is endowed with a hefty 12 billion yuan of investment from the Ji Zhong Energy Group, an ...

Shenhua shortlisted in bid to develop Mongolian coalfield

A visitor passes by the exhibition stall of Shenhua Group in Beijing. The company, along with its Japanese partner, is bidding to develop a coalfield in Mongolia. A Jing / for China Daily Chinese mining giant among top six contenders to work at Tavan Tolgoi BEIJING - Shenhua ...

MIIT starts researches on financialization of iron ore market

The Ministry of Industry and Information Technology (MIIT) is researching how to combine business and finance in order to change China's inferior position in the iron ore market. Zhou Zixue, chief economist of the MIIT, announced the ministry's plan at forum held in Beijing, the ...

Industry steels itself for change in next 5 years

A view of a steel factory in Tangshan, Hebei province. Analysts said a developmental trend in China will see steel mills being relocated to coastal areas because of financial and environmental considerations. [Photo / China Daily] Production to move to coastal areas as sector ...

Consolidation conundrum for mills

A worker loads steel products at Kailida Steel in Tangshan, Hebei province. [Photo / China Daily] Hampered by lower demand, higher costs, steelmakers fear for the future TANGSHAN, Hebei - For over a year, what Bai Guolin has mostly done at work is roam around his steel factory in ...

Seawater plan selected to quench city's thirst

Beijing may divert seawater from nearby provinces as an immediate solution against the scarcity of water in the populated city. The government is "seriously studying" the different routes of seawater diversion and desalting methods, the water authority said yesterday. Some tests ...

Premier Wen urges Hebei to transform growth pattern

On March 10, Chinese Premier Wen Jiabao joined a panel discussion with deputies at the Third Session of the 11th National People's Congress from north China's Hebei Province in Beijing. In the discussion, Wen said he completely agrees with the report delivered by Wu Bangguo, ...

Steel industry discusses how to forge ahead

Industry leaders will debate strategy for the steel sector during the sixth China International Steel Congress, to be held in Beijing from May 8-12. This year's congress will focus on development strategies in the post-crisis era and will call on industry leaders to review the ...

Tangshan seeks highly skilled workers

Tangshan is seeking highly skilled workers at home and from abroad to develop its economy, said Wang Xuefeng, Party Secretary of the Community Party of China (CPC) Tangshan Municipal Committee. According to the talent exchange conference of the on-going 13th China Ceramics ...

China may double solar power goal amid Japan nuclear crisis

BEIJING, March 30 -- China may lift its 5-year goal for solar power capacity from five gigawatts (GW) to 10 GW by 2015, a National Energy Administration (NEA) official told Xinhua Wednesday. Shi Lishan, deputy director of the renewable energy department of the NEA, confirmed a ...

China embraces post-holiday passenger rush

BEIJING - Jiao Guobao and his wife stepped out of a crowded train that pulled into Beijing Western Railway Station before dawn Monday, almost two weeks before the Lantern Festival, the official end of China's Spring Festival holiday. The couple had spent only a week with their ...

Tax rebates removed, cut to curb exports

By Gong Zhengzheng (China Daily) Updated: 2007-06-20 08:17 The government will eliminate or cut tax rebates for more than 2,800 export items from July 1 - in the boldest move yet to rein in exports since it joined the World Trade Organization in 2001. The affected items account ...

Steel export growth to slow down

By Gong Zhengzheng (China Daily) Updated: 2007-07-31 09:15 Growth of steel exports from China, the world's top steel producer, will slow to 20 percent for the full year due to government efforts to curb breakneck growth in the first half of the year, according to an industry body...

Textiles quota lift does not promise surging export

(chinadaily.com.cn) Updated: 2007-07-19 09:56 The quota on Chinese textile exports to the European Union will be removed next year, a decision nailed down in meetings between the ministry of commerce of China and the trade commission of the EU last month, confirmed Sun Weibin, ...

Imports to hit $1tr by 2010

By Jiang Wei (China Daily) Updated: 2007-06-29 08:24 China is trying to bolster imports to more than $1 trillion by 2010 - up more than 25 percent from $792 billion last year - in an attempt to balance trade, the Ministry of Commerce said Thursday. The projected 2010 imports ...

China mulls curbs on coke export

By Gong Zhengzheng (China Daily) Updated: 2007-08-16 06:57 China, the world's biggest coke producer and exporter, is considering new curbs on overseas shipment of the fuel used to make steel, as part of its efforts to reduce pollution at home. Hou Shiguo, an official from the ...
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