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Shanghai Daily,上海日报
Latest news:


Dialog agrees steel glut a global issue

BOTH China and the United States recognized that steel overcapacity is a global issue that requires a global solution, a senior Chinese official said in Washington on Wednesday. At a press briefing after ...

July 21, 2017, Friday

Railway to cut travel time

A worker is seen in Qingyang Tunnel, a rail tunnel on the new high-speed railway to link Jinan and Qingdao in Shandong Province. The railway, when completed by next year, will cut travel time between the two cities to 1 hour from 2.5 hours now. ...

July 17, 2017, Monday

Top B2B steel trader raises US$72.5m

ZHAOGANG, China’s biggest B2B platform for steel trading, said yesterday it had raised 500 million yuan (US$72.5 million), with the Russia-China Investment Fund as one of the major investors. RCIF is ...

July 14, 2017, Friday

Steel overcapacity cut ahead of target

CHINA has fulfilled the year’s task of cutting steel capacity over the first six months, boosting the nation’s industrial upgrading, the state-asset regulator said yesterday. The nation has reduced steel ...

July 12, 2017, Wednesday

Steel prices gain in June, but supply clouds outlook

CHINA’S iron ore prices gained since late June boosted by supply-side reform and a fall in low-quality steel production, but analysts do not see larger gains soon as supply remains high after a surge ...

July 7, 2017, Friday

Italian firm UFI to open new plant in China

ITALIAN auto filter supplier UFI Group announced today that it will invest and open a new plant in China next year, as the company sees the rising demand of oil and water filters for the new-energy vehicles. “The ...

July 6, 2017, Thursday

Rio shareholders vote for Yancoal

RIO Tinto shareholders have approved the sale of a suite of Australian coal assets to China-backed Yancoal Australia for US$2.69 billion, ending a bidding war with commodities trader Glencore. The sale ...

June 30, 2017, Friday

Toshiba to sue partner over chip unit sell-off

TOSHIBA Corp said yesterday that it is suing its joint venture partner Western Digital over the US company’s opposition to a plan to sell the Japanese electronics and energy giant’s memory chip unit. Toshiba ...

June 29, 2017, Thursday

Rio sticks with revised Yancoal offer

RIO Tinto yesterday recommended shareholders accept an improved offer from Yancoal for its Australian coal assets, after the China-backed firm trumped a fresh bid from Swiss commodities giant Glencore. Rio, ...

June 27, 2017, Tuesday

China a big buyer of German machine tools

CHINA placed orders totaling 2 billion euros (US$2.2 billion) for German machine tool producers last year, up 25 percent from a year ago, as bolstered by China’s efforts to enhance manufacturing quality ...

June 23, 2017, Friday


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