China Watch

  • Jiangxi tungsten miners halting output Dec 10, 2008

    Tungsten miners in Jiangxi province have agreed to halt output until around mid-February to help firm up concentrate prices.

  • Shanghai Jinneng puts silicon exports to US on ice Dec 02, 2008

    Shanghai Jinneng International Trade Co. Ltd., the Chinese silicon trading house with the lowest U.S. anti-dumping duty, has halted exports to the United States due to low prices.

  • Big cobalt producers exit spot market Oct 22, 2008

    At least three major cobalt producers in China have exited the spot concentrates import market for the rest of the year.

  • Baosteel slices December pricing by up to $146/tonne Oct 21, 2008

    Baosteel Group Corp. Ltd. has slashed ex-works flat product prices by up to 1,000 yuan ($146) per tonne for December production as Chinese steelmakers take action to run down stockpiles.

  • Guangxi tin, lead, zinc smelters shut Oct 09, 2008

    Several smelters in Guangxi province, are the latest to be shut down by Chinese authorities as a result of an arsenic poisoning incident, sources said.

  • Tonghua’s new 400,000T mill set for trial run in Dec. Oct 08, 2008

    Tonghua Iron & Steel (Group) Co. Ltd. plans to start trial production at its 400,000-tonne-a-year non-grain-oriented electrical steel project this December.

  • China maintains opposition to BHP-Rio tie despite Australia ‘go’ Oct 06, 2008

    China’s steel industry’s opposition to BHP Billiton’s bid to take over fellow Anglo-Australian miner Rio Tinto continues despite Australian authorities concluding the combination wouldn’t distort the seaborne iron ore market.

  • Hebei Steel sees year-end start of Beijing trading arm Sep 11, 2008

    China’s Hebei Steel Group, the newly merged entity of Tangshan Iron & Steel Group and Handan Iron & Steel Group Co. Ltd., will set up a trading arm in Beijing by the end of this year."For the time being, we are working out of Tangshan city (Hebei province) as it is not convenient to do any renovation while Beijing is still holding the Paralympics, but we will probably move both the iron ore import and steel export businesses to Beijing by the end of this year," a Hebei Steel import and export executive said.Hebei Steel’s merger has been moving at a fairly good pace compared with the Anben Iron & Steel Group Corp. and Shandong Iron & Steel Group mergers, which haven’t been making much progress.Hebei Steel comprises seven steel companies Tangshan Iron & Steel, Handan Iron & Steel, Chengde Iron & Steel Co. Ltd., Hengshui Steel Sheet Co., Shougang Jingtang United Iron & Steel Co. Ltd., Wuyang Iron & Steel Co. Ltd. and Xuanhua Iron & Steel Co.In July, it produced 3.07 million tonnes of steel, up 13.1 percent from the same month last year, and 2.64 million tonnes of finished steel, a 10.3-percent increase, according to its Web site.

  • Hengshui Steel moves to triple cold rolled output Sep 11, 2008

    Hengshui Steel Sheet Co. plans to triple its cold-rolling capacity to 800,000 tonnes a year, a company executive said.The company—20-percent owned by Handan Iron & Steel Group Co. Ltd., which is merging into Hebei Steel Group—will target sheet as its core product, he said.It currently operates a 250,000-tonne-a-year cold-rolling mill, including a 100,000-tonne tinplate line that started on April 15 and produced up to 150,000 tonnes as of August. Plans for another line will begin after the cold-rolling expansion is done, he added.

  • Xiangtan Steel plans to lift crude capacity by a third Sep 11, 2008

    Xiangtan Iron & Steel Group Co. Ltd. plans to raise its crude steel capacity by 33 percent to 8 million tonnes a year, an executive of the major Chinese plate producer said."We are going to add new steelmaking facilities, which could be commissioned by October next year," the executive said.The expansion will include a 120-tonne converter and a continuous slab caster. As part of its expansion plan, the Hunan-based mill also is scheduled to start a 5-meter heavy and wide plate mill by November 2011.Construction hasn’t yet started, according to China Metallurgical Construction Group Corp., China’s leading steelmaking facilities contractor, which has been awarded the contract to install the new steelmaking and rolling facilities.Xiangtan’s crude steel capacity currently stands at 6 million tonnes per year and it operates two plate mills with a combined capacity of up to 3 million tonnes a year. The company is a unit of Hunan Valin Steel Group, which produced 11.12 million tonnes of crude steel last year.

  • Sichuan rebuilding effort will need 37 million tonnes of steel Aug 20, 2008

    China’s earthquake-hit Sichuan province will need 37 million tonnes of steel for reconstruction efforts in the next three years, according to local provincial officials.

  • Wuhan, Anshan net up; costs surge Aug 13, 2008

    Wuhan Iron & Steel Co. Ltd. and Anshan Iron & Steel Co. Ltd. reported net income rose significantly in the first half of the year, though margins were hit by ballooning costs of steelmaking raw materials.

  • Tax-free copper tolling said doubtful Aug 07, 2008

    Chances are slim that China will resume tax-free tolling of imported copper concentrates this year, although discussions are still under way, sources said.

  • ArcelorMittal play for bigger China Oriental stake seen failing Aug 06, 2008

    Market sources are doubtful that ArcelorMittal SA, Luxembourg, will succeed in its bid to take over Hong Kong-listed China Oriental Group Co. Ltd., although the world’s top steelmaker is keeping its hopes alive.

  • Ten crude indium smelters in Hunan ordered to close Aug 05, 2008

    Environmental concerns have led Chinese authorities to shut 10 crude indium smelters with a combined monthly output of 500 to 700 kilograms in Hunan province, market sources said.

  • Power woes hit Shandong steel output Aug 05, 2008

    Steel mills in eastern China’s Shandong province have been forced to cut output due to an electricity shortage.

  • Steel facing more pre-Olympics cuts Jul 31, 2008

    The Chinese government will order further steel production cuts at plants near Beijing if air pollution reaches an unacceptable level ahead of the Olympic Games.

  • Hike in China's steel export tax seen unlikely Jul 23, 2008

    Contrary to recent European market speculation, most Chinese steel exporters say it is unlikely that China’s government will raise steel export taxes soon.

  • Zinc output cuts not necessary, top smelters say Jul 17, 2008

    China’s biggest zinc smelters have decided not to proceed with a rumored third-quarter production cut because they think the market is strong enough to justify current output levels, industry sources said.

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