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Beijing and neighbor cities have already joined hands in battling pollution, and expertssay the city's successful 2022 Winter Olympics bid will boost the efforts. "The roadmap for intercity pollution control has been unveiled, and Beijing will offer the WinterOlympics athletes a better environment," ... Read More
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Iron ore market sentiment remained poor during last week. An offer was made for 62% Fe PB fines for August delivery over the globalORE platform at 55, which saw a best bid of just 51. According to The Steel Index, a prompt cargo of 62% MNP fines was offered at the same level. Australian Yandi Fines ... Read More
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Low steel prices will remain for the next 3 to 4 years due to oversupply of 450 million tons in steel market, most of it comes from China, said Rafael Rubio, general director of Latin America Steel Institute (Alacero). According to data of Alacero, 48% of global steel production belongs to China. ... Read More
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Economists say greater role for fiscal policy needed to counter downward cycle China's manufacturing activity continued to contract in June, but the persistent weakness showed a marginal improvement over May, a survey released on June 23 showed. The HSBC flash manufacturing purchasing managers index ... Read More
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Baosteel Group announced its latest price adjustment of major steel products in July, according to SMM sources. Prices were down 80 yuan per tonne for hot-rolled pickled products ...... Read More
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Austrian steel-based technology company voestalpine invested a record 1.18 billion euros (1.33 billion U.S. dollars) in facilities for the financial year 2014-2015, company CEO Wolfgang Eder said at an annual financial results press conference on Wednesday. Eder said the record sum was part of the ... Read More
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CNBC reported that China’s biggest steelmaker Baosteel Group Corp. has expressed an interest in Fortescue Metals Group (ASX:FMG) and has applied to Australia’s Foreign Investment Review Board (FIRB) for permission to recapitalize the Australian iron miner. As quoted in the market news: "With iron ... Read More
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Angang Steel Co. announced the latest price adjustment of major steel products in June, according to SMM sources. Prices were down 50 yuan per tonne for Common Cold-Rolled Products, and Medium & Heavy Plate. Prices were unchange...... Read More
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China produced less steel in the first quarter of 2015 as demand shrank amid a slowing economy and government moves to overhaul the saturated sector, new data showed on Wednesday. Output of crude steel slipped 1.7 percent from a year ago to 200.1 million tons in the January-March period, accounting ... Read More
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Egypt will impose an 8 percent import tariff on rebar - reinforced steel bars - for three years, the industry and trade ministry said on Sunday, extending temporary tariffs introduced last year to protect the domestic industry. A ministry statement said Egypt would also impose a 20 percent tariff on ... Read More
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