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Shijiu Digs New Deal in Guangxi

By: Fu Lingli MCC Shijiu Construction Co., Ltd. (Shijiu) announced that it won the bidding for a nickel works and signed the contract with Guangxi Beihai Chengde Nickel Industry Co., Ltd. on October 21, 2009. Under the project, facilities will be built for nickel chrome ...

The Largest BF in South of China Commissioned by CISDI

By: Tao Haiyin On October 16, 2009, a completion and commissioning ceremony was held for No. 8 blast furnace of Shaoguan Iron & Steel Group Co., Ltd., which was undertaken by CISDI Engineering Co., Ltd. (CISDI). Chairman & Party Secretary Yu Ziquan and President Lu Jianhua of ...

SPX Guests Visit BTS

By: Feng Bocheng On December 29, 2009, a delegation of SPX, one of the Fortune 500 companies of USA, conducted a visit to the Manufacturing Company of MCC Baosteel Technology Services Co., Ltd. (BTS). The delegation was headed by Procurement Manager Simon. He learned in details ...

WISDRI Bags Contract from SAIL

By: Xu Xueqing, Ma Lan A contract signing ceremony for the secondary refining units (SRU) of SAIL BSP was convened in Bhilai of India on March 8, 2010. This works is to be undertaken by WISDRI Engineering & Research Incorporation Ltd. (WISDRI). Overseas Director Xu Xueqing of ...

National Building Inspection Center Incepted in CRIBC

Upon approval by Certification and Accreditation Administration of the People's Republic of China (CNCA), the National Supervision and Inspection Center for Quality and Safety of Industrial Buildings and Structures (NSICQSIBS) was formally established on March 22, 2011, in MCC ...

CCCC successfully completed the first transnational M&A

On 9th August 2010, CCCC completed the acquisition of a 100% interest (the Acquisition ) in Friede Goldman United, Ltd. ( F&G ), one of the world s leading providers of design services for offshore drilling rigs. It is CCCC s first transnational M&A, which can be considered as an ...

New Actions for Wealth Management of Bank of China: Link Domestic Investment with Overseas Stocks

On January 11, spokesman of Bank of China (BOC) Wang Zhaowen briefed the press that following the products of overseas wealth management, wealth investment management and the uniform service in Asia Pacific areas of BOC Wealth Management launched in December 2005 by BOC, again, ...

OPEC Oil Prices Rebound Over 40 Dollars

The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) rebounded above 40 dollars again to 40.01 U.S. dollars per barrel last week, the Vienna-based oil cartel said. The prices saw an overall upward tendency last week, with an increase of about 9.7 ...

Crude Oil Declines Amid Gloomy Supply, Demand Fundamentals

Crude prices moved lower Wednesday, after the U.S. government posted a massive crude surplus and OPEC lowered its forecast for oil demand. The Energy Information Administration said crude oil inventories rose by 5.6 million barrels last week as demand for gasoline and other fuels ...

Crude Oil Up As Equity Rises, Dollar Weakens

Crude oil edged up on Thursday as the rallying stocks and falling dollar outweighed another lower forecast for world energy demand and rising unemployment data. Light, sweet crude for June delivery rose 60 cents to settle at58.62 U.S. dollars a barrel on the New York Mercantile ...

Crude Prices Hit Six-Month High on Encouraging Consumer Confidence Data

Crude prices hit six-month high on Tuesday after a report showed that U.S. consumer confidence rose to the highest level since September. The Conference Board, a New York-based research group, said Tuesday that U.S. consumer sentiment index surged in May to 54.9, more than ...

Crude Prices End Higher on Hopes of Rising Demand

Crude prices ended higher on Thursday on rising hopes that the demand for oil was picking up along with the economy. Light, sweet crude for July delivery gained 34 cents to settle at 71.37 U.S. dollars a barrel on the New York Mercantile Exchange. Oil got support from separate ...

Major Fluctuations in China's 2009 Consumer Prices

Concerns over possible inflation in China had been increasing this year as the government had frequently stressed inflation expectation management. China's policy-makers had made controlling inflationary expectations one of their priority tasks at a State Council executive ...

Chinese Vice Premier Urges More Competitive Textile Firms

Chinese textile companies should step up product innovation and industry restructuring to become more competitive, Vice Premier Zhang Dejiang said Tuesday. Zhang made the remarks at the opening of the China International Trade Fair for Apparel Fabrics and Accessories in Beijing. ...

China's Steel Makers to Raise Products Prices on Rising Production Costs

Wuhan Iron and Steel Group, China's third-largest steel maker, said it would raise prices on key steel products by 500 yuan (73 U.S. dollars) per ton from May on rising raw materials costs. Other major steel makers including Baosteel and Anshan Iron and Steel Group are also set ...

Steel Prices to Remain High

Steel prices will continue to remain at high levels this year, with mild fluctuations, on the back of rising raw material costs and a shortage of iron ore, a top industry association official said on Wednesday. The big three global miners, BHP Billiton, Rio Tinto and Vale, are ...

Metal Recycling May Ease Steel Makers' Import Dependence

Recycling scrap metals is a way to reduce Chinese steel mills' dependence on imported ore and ease pressures from the surging iron ore prices, industry experts said. The proposal comes amid reports that Chinese steel mills have accepted global miners' quarterly pricing system for ...

China's First Inland Bonded area Passes State Check

The first phase of China's first inland bonded area, in the southwest of the country, passed state appraisal on Tuesday, enabling it to open for business by the end of the month. An authentication team from the State Council examined the infrastructure construction, customs ...

China's Steel Output in 2010 May Hit New High

China's steel output in 2010 might hit a new high of 620 to 630 million tonnes, a 10 percent increase year on year, Minister of Industry and Information Technology Li Yizhong forecast at a forum Monday. China's steel output reached 269 million tones in the first five months of ...

June Exports Hit Record High

China's exports for June hit a record high since July 2008 and the trade surplus also surged to the highest this year, but economists insisted such strong momentum cannot be sustained and there is little possibility that the yuan will gain by large margins, as widely expected ...
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