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Iron ore imbroglio turns more murky

A worker relaxes after unloading steel pipes at a mill in Nanjing. [Provided to China Daily] BEIJING - Chinese steel mills should focus more on diversifying their mining resources to thwart the monopoly of the three global miners on iron ore supplies as the boycott call sought by ...

Steel prices to remain high

Rising raw material costs, iron ore shortage seen as contributory factors BEIJING: 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 ...

Border trade signals a boom

Trucks line up as they wait to go through the port at Dandong, Liaoning province. The border trade between China and the Democratic People's Republic of Korea is booming in this coastal city. [Feng Yongbin and Chen Hao / China Daily] It was early in the morning, and like most ...

China needs to do more to step up to world level

The country must increase investment to develop new materials and products CHENGDU - China has made great steps in the research of new materials in its chemical industry since it adopted reform policies in the late 1970s. But it still has a way to go to catch up with the advanced ...

Metal recycling may ease steel makers' import dependence

BEIJING - 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 ...

Steel product prices may fall in June

A worker at a steel processing plant in Huaibei, Anhui province. Average steel prices in China had peaked the most in April since August 2009, with Mysteel's composite steel price index rising by 15 percent over the previous month. [Wu He / for China Daily] BEIJING - Steelmakers ...

Impact of yuan rise on hotels yet unclear

A Chinese culinary exhibition is held at the Shanghai Hotel earlier this year. For Shanghai, the immediate concern of hoteliers is to find beds for visitors flooding in to visit the World Expo. [China Daily] SHANGHAI: With the continuous influx of foreign visitors to China, ...

Fragmented steel sector to see production cutbacks

A worker checks product quality at a steel plant in Panzhihua, Sichuan province. By forcing steel mills to join hands, the Chinese government hopes they will be stronger force in talks with international miners. Xu Ruiping / for China Daily Around 300m tons of capacity to close ...

Logistics consortiums to dot the nation soon

A workers loads packages at the Nanjing Railway Station. China's express business is expected to grow at 23 percent annually over the next five years. Yang Duoduo / for China Daily Beijing - Large logistics consortiums are likely to emerge in China in the next five years as the ...

New boom set for trading hub

A woman sits at a silk store in the grand bazaar of Kashgar in the Xinjiang Uygur autonomous region, in this picture taken in early June. [China Daily] But poor infrastructure poses challenges for Kashgar. Cui Jia reports from Xinjiang. Kashgar is set to become an economic ...

Rebate removal to be hard on steel mills

Workers oversee production at a Hualin Steel Co Ltd plant in Hunan province. Exports of Chinese steel products surged to 17.9 million tons in the first five months, up 127 percent from a year earlier. [China Daily] Govt plan will trigger production cuts, force further consolidati...

Wen reassures foreign investors

German Chancellor Angela Merkel marvels at the terracotta warriors on Saturday in Xi'an, capital of Shaanxi province. She celebrated her 56th birthday in the city, where she received a taste of traditional Chinese hospitality and culture. [Wu Zhiyi / China Daily] XI'AN - Premier ...

Steel industry may sell inventories for a steal

Employees ride bicycles inside the Baoshan Iron & Steel Co Ltd plant in Shanghai.[Agencies] SHANGHAI - To sell, or not to sell? This is the question at hand for Yao Xinhong sitting on more than 4,700 tons of steel inventory. Yao, a marketing manager with Henan Zhongtian Iron & ...

Domestic iron ore, steel trends hit markets

Rising Chinese production, slowing demand impact foreign miners Beijing - Rising domestic iron ore production and slowing steel demand have hit some foreign miners and affected the global market, industry leaders said on Tuesday. China's iron ore imports dropped for the third ...

Sino-US partnership holds key to future

Jones: China and US should cooperate, share global wealth Video: Exclusive interview with Handel Jones SHANGHAI - Handel Jones has a bird's eye view of the huge and sprawling metropolis of Shanghai on both sides of the Huangpu River from his hotel room in downtown Shanghai. As ...

China good trade partner, says Cable

Vince Cable, UK Business Secretary, has welcomed China's currency moves. [Bloomberg] FARNBOROUGH, UK - British Business Secretary Vince Cable on Monday reiterated that China is a "good trade partner", and he looks forward to visiting the nation soon. Cable's endorsement comes ...

Domestic firms urged to explore ASEAN ventures

A visitor takes a look at a toy at the China-ASEAN education fair in Nanning, Guangxi Zhuang autonomous region. [Peng Huan / For China Daily] BEIJING - Chinese companies should look for more cooperation opportunities with the Association of Southeast Asian Nations (ASEAN) to ...

Iron ore imports decline

Bales of steel wire at a steel wholesale market in Shanghai. The rising price of imported ore has driven Chinese steelmakers to turn to domestic supply. [Photo / Agencies] BEIJING - Imported iron ore will account for 60 percent of China's ore consumption this year, down 2.4 ...

Waiting for the postman

Numerous parcels piled up in the office of Sto Express, the country's largest private express delivery company, in Hangzhou, capital of East China's Zhejiang province. [Photo / China Daily] BEIJING - Yao Yunchun, a 24-year-old auditor who frequently shops online in Hangzhou in ...

Golden weeks ahead for hotels

From left to right: Foreign visitors find it easy to find a hotel room in Lanzhou, Gansu province. [Ren Shishen / for China Daily] Kempinski's new hotel in Yinchuan, Ningxia Hui autonomous region. [Wang Xiaolong / for China Daily] The Taihu Hotel in Wuxi, Jiangsu province. [Cheng ...
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