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Crude steel production to exceed 500m tons

Business | Metallurgical industry
2009-8-3

CHINA'S crude steel output will top 500 million tons this year, Luo Bingsheng, vice chairman of China Iron and Steel Association, said last Saturday. In the first half of this year, China made 266.58 million tons...

China set to trim steel output

Business | Metallurgical industry
2009-6-12

CHINA is ready for a breakdown with global miners in this year's iron ore price talks and would rather reduce steel output if supplies are disrupted, a senior industry group official said. The country would not...

Steel body urges more aid to restore demand

Business | Metallurgical industry
2009-2-24

THERE is a need for more government measures to revive China's steel demand because there is so far no clear sign of a major recovery, a China Iron and Steel Association official said yesterday. The volume of...

Baosteel to merge with large rivals

Business | Metallurgical industry
2009-2-21

BAOSTEEL Group Corp, China's biggest steel producer, will take over two rivals as part of the nation's plan to create bigger steel makers to gain bargaining power for iron ore, according to the China Iron and Steel...

Vow not to profit from ore sales

Business | Metallurgical industry
2009-2-20

CHINA'S major steel makers and trading firms yesterday agreed not to profit from iron ore sales as the industry seeks to further regulate trading of the metal. The companies, which are members of the China Iron...

Steel Makers Post Nearly US$1.9b Loss

Business | Metallurgical industry
2008-12-30

THE country's main steel makers posted a loss of 12.77 billion yuan (US$1.87 billion) in November, the second monthly net loss after October, according to the latest data released by China Iron and Steel Association...

Qi says hard times for steel to continue

Business | Metallurgical industry
2008-12-8

CHINA'S steel industry has entered a hard time after seven years of rapid expansion, and a turnaround is unlikely until the second quarter of next year, according to Qi Xiangdong, deputy secretary with China Iron...

China tells Vale to ditch iron increase

Business | Metallurgical industry
2008-9-17

IN its first official response to Vale's request for higher iron ore prices, China's steel industry group said the mining giant should immediately stop such unreasonable behavior that would hurt long-term interests...

Rising prices lift steel costs

Business | Metallurgical industry
2008-8-4

COSTS for China's large and medium-size iron and steel firms rose by more than 250 billion yuan (US$36.5 billion), or 57.57 percent, in the first half, the China Iron and Steel Association said. The cost hike...

Iron price index idea 'unfair and improper'

Business | Metallurgical industry
2008-7-1

THE China Iron and Steel Association said it approves of the 2008 iron ore contract prices agreed between Baosteel Group Corp and Rio Tinto but opposes the use of a price index to determine annual rates as proposed...