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China’s steel consumption to hit 750m tons by 2015
China’s annual consumption of crude steel is expected to reach 750 million tons by 2015, according to the industry’s five-year plan issued Monday. Annual demand for crude steel will peak…
China’s steel consumption to hit 750 mln tonnes by 2015
China’s annual consumption of crude steel is expected to reach 750 million tonnes by 2015, according to the industry’s five-year plan issued Monday. Annual demand for crude steel will peak…
Nippon Steel, Wuhan Steel launch joint venture in central China
China’s Wuhan Iron and Steel (Group) Corp. and Japan’s Nippon Steel Corp. announced the launch of a new joint venture on Thursday. The steelmakers each have a 50-percent stake in…
Steelmakers seek deal with ore miners
Iron ore prices may further decline amid weak demand and high stockpiles, and they could shift to a new pricing mechanism, a top official from China’s steel lobby said. Zhang…
Chinese steel compamies see low profits in January-September period
Steel companies made low profits in the first three quarters of this year, restricted by rising costs and decreased demand, an industrial group said Monday. Profits for China’s 77 major…
Baoshan earns less
BAOSHAN Iron and Steel Co, China’s biggest publicly traded steelmaker, yesterday said third-quarter profit fell 51 percent as rise in raw material costs outpaced product price gains. Net income fell…
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