Decline in demand to limit steel production
  Release time: 2016/12/14 17:36:00
Demand is estimated at 660 million metric tons, down 1.5 percent from the 2016 level(which is estimated at 667 million tons), said the report, released on Monday by the China Metallurgical Industry Planning and ...

Joint action can cut steel overcapacity
  Release time: 2016/12/14 17:35:00
Such rhetoric and protectionist measures, however, will not help resolve the global steel overproduction issue.However, the United States and some European Union member countries have blamed China for the global...

SOEs ease strain with debt swap deals
  Release time: 2016/12/13 09:09:00
Shanghai-listed Shandong Gold Group Co signed a contract with Industrial and Commercial Bank of China to convert its 10 billion yuan of debts into equity.While Shanxi Coking Coal Group’s debt-to-equity contract...

China outperforms target
  Release time: 2016/12/13 09:05:00
Over 2600 coal mines, whose annual capacity was lower than 300000 tons each, have been closed.The target of cutting 45 million tons of steel was met in October, while coal reached the target yesterday, Xu said.

Decline in demand to limit steel production
  Release time: 2016/12/13 09:02:00
Demand is estimated at 660 million metric tons, down 1.5 percent from the 2016 level(which is estimated at 667 million tons), said the report, released on Monday by the China Metallurgical Industry Planning and ...

POSCO chairman Kwon showed mind to serve consecutive tenure
  Release time: 2016/12/12 09:34:00
Accordingly, the board of directors is expected to organize immediately the CEO Candidate Recommending Committee, which will undertake an examination of qualifications on a single candidate for chairman Kwon.If ...

China expresses concern about EU steel protectionism
  Release time: 2016/12/12 09:11:00
China is paying close attention to and worried about the European Union(EU)'s tendency toward steel protectionism, said Wang Hejun, a senior official of the Ministry of Commerce.The EU has frequently resorted to...

Baotou steel industry targets Sudanese market
  Release time: 2016/12/08 09:00:00
This is the first time a company from Baotou has exported sucker rods, a type of steel cable used in oil wells, to Sudan, and marks the growing importance of the African market to Chinese industry.Found Petroleu...

Creditor meeting held for Dongbei Special Steel bankruptcy
  Release time: 2016/12/05 09:52:00
The company entered bankruptcy restructuring on Oct.The declaration of credits concluded while processes such as debt recognition and appraisal of properties and funds are under way.The court agreed that the com...

Listed steel companies see profit surge in H1
  Release time: 2018/09/19 13:57:00
　　BEIJING, Sept. 9 (Xinhua) -- China's listed steel firms reported a surge in earnings in the first half of this year amid continued government efforts to cut overcapacity in the sector. 　　Steel companies l...

China to impose additional tariffs on U.S. products worth 60 bln USD
  Release time: 2018/09/19 13:56:00
The new tax rates will take effect at 12:01 p.m.Beijing time on Sept.24, said the commission.S.unilateralism and trade protectionism with tariffs in order to stem the friction from escalating.The United States, ...

ArcelorMittal Boosts Essar Steel Bid to $5.8 Billion
  Release time: 2018/09/12 09:21:00
An investor group including Russia’s VTB Capital had put in a second-round bid of 370 billion rupees, according to court documents.An Indian court had asked ArcelorMittal to repay bad loans in group companies--...