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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 ...

Cold chain opportunities galore for US companies: Imported fruit displayed at a supermarket in Beijing. China imports many agricultural products, like fruit, from the US. [Shao Xian / For China Daily] BEIJING - The shifting market dynamics of the food industry in China offer immense opportunities for American companies to boost ...

Steel prices set to firm up: Workers process a steel bar at a mill in Huaibei, Anhui province. [Wu He / For China Daily] Profit outlook for July still remains bleak despite sporadic rebounds BEIJING - Falling steel prices will continue to cloud the profit outlook for domestic steel mills in July, but there ...

Shipping bottoming on China steel rebound: An undated handout photograph shows Nippon Yusen KK's dry-bulk ship. Expectations for higher shipping costs suggest the 78 percent plunge in capesizes since June 2 doesn't point to a new global economic slump. [Nippon Yusen KK / Bloomberg News] Improving Chinese demand likely to ...

US eyes Chinese Net shoppers: Taobao.com has long been a platform for luxury items purchased abroad to be resold to domestic consumers. Export Today plans to provide logistics services through a partnership with the e-commerce giant and provide US products easier access to the Chinese market. [Photo / China ...

Minmetals begins restructuring: A Minmetals Land booth at a property show in Nanjing, Jiangsu province. China Minmetals Corp, China's largest steel and metals trader, has established China Minmetals Corporation Limited to accelerate the pace of its corporate restructuring. [Photo / Provided to China Daily] ...

DHL continues to deliver the goods in China: A cyclist rides past a DHL Worldwide Express advertisement in Shanghai. Due to strong economic growth, the logistics company sees China as an "essentially important" market. [Photo / Bloomberg] BEIJING - Despite concerns over a slowdown in China's economic growth, Deutsche Post ...

Dow Corning serves China's wind industry: A technician does testing in a Dow Corning lab. The company is expanding its clean energy business in China. [File photo] When Tom Cook attended China Wind Power 2009, the country's major exhibition for the industry, he was amazed by the booming sector showcased at the event in ...

New steel firm melting pot of consolidation: Jinan Iron and Steel Co Ltd (Jigang) will acquire Laiwu Steel Corporation (Laigang) through a share swap, paving the way for the backdoor listing of their controlling shareholder Shandong Iron and Steel Group Co Ltd (Shangang). According to statements the two steelmakers filed to ...

Shougang Steel profit down 10%: Beijing Shougang Steel Group realized a profit of 368 million yuan ($53 million) in 2009, down 10.44 percent year-on-year. Its earnings per share was 0.12 yuan, the company said in its annual report released Thursday, the National Business Daily reported. Its 2009 revenue was 22...

ChemChina paves road to recovery in Sichuan: New working area at Qingping Mine. [Provided to China Daily] Two years after the Wenchuan earthquake, China National Chemical Corporation's (ChemChina) operations in Sichuan province have made a strong recovery. The company was one of the earliest to start reconstruction after ...

Sinosteel launches sustainability report: The simultaneous launch of Sinosteel's Corporation Sustainability Australia Report in Beijing and Perth marks a major first for a Chinese enterprise involved in business activities in a developed country. [China Daily] Sinosteel, China's largest State-owned steel trader, launched ...

Four nuke plants to start by 2014: A Velan Inc RCP 1212 connecting valve at a worker's training room in Daya Bay, near Shenzhen. Nuclear power in China has undergone accelerated development in line with the country's goal of using cleaner energy sources.[Agencies] China Guangdong Nuclear Power Group (CGNPG), one ...

$1.4b expansion for joint Sinopec-BASF project: On the outskirts of Nanjing, capital of Jiangsu province, a joint project between China's largest refiner Sinopec and German chemical company BASF is undergoing a new round of expansion. A total of $1.4 billion has been budgeted for the expansion, making it the leading chemical ...

Sinosteel to buy iron ore from Brockman: A worker cuts steel bars at a mill in Huaibei, Anhui province. [CHINA DAILY] BEIJING - Iron ore trader Sinosteel Corp has agreed to buy future production from Australian miner Brockman Resources Ltd to secure raw material supplies for Chinese steel mills. Sinosteel, China's ...

Sany Heavy mulls Hong Kong IPO: Company hopes to boost capacity, continue plans for international expansion SHANGHAI: Construction machinery maker Sany Heavy Industry Co Ltd said on Monday it would seek an initial public offering (IPO) in Hong Kong after reporting 59.3 percent year-on-year growth in its net ...

Chengdu hosts high-tech meet: The global elite of the chemical-based advanced materials industry will meet in Chengdu, capital of Sichuan province, from May 6 to 8, for the third International Advanced Materials Summit (IAMS). The summit will be co-hosted by Chengdu city government, China National Chemical ...

Producers set to push up steel prices higher: A vendor at Zhengzhou Steel Market. Average steel prices in China are now at their highest point since August 2009, rising by 15 percent over the last month. Ma Jian / for China Daily Rising raw materials costs are forcing major steel mills to act BEIJING: China's third- largest ...

Technology key to keeping cutting edge: Billionaire blames small firms' excessive output on reluctance to invest A worker inspects a completed solar panel before packaging at a solar power factory in Wuxi,Jiangsu province. The effective demand for what the photovoltaic industry produces is huge. [Agencies] BEIJING - ...

Foot dragging slows Shanxi province steel consolidation: A worker stokes a steel furnace in a Shougang Group plant in Beijing. Shougang paid 500 million yuan for a 90 percent stake in Changzhi Iron & Steel in Shanxi province last year. [China Daily] Region is fragmented with over 200 steel mills, 18 of which produce less than 2m tons ...

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Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

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Li Na wins French Open women's singles title: History-making tennis legend Li Na notched the first-ever grand slam ...

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