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China's steel giant Baowu completes mega merger with Magang
State-owned Baowu Steel Group, China's largest steel producer, inked an agreement on Thursday with Magang (Group) Holding Co., Ltd. to secure a 51-percent stake in the latter.
Iron ore prices in China find it difficult to continue uptrend in long run, association
Iron ore prices in China will find it difficult to continue the uptrend in the long run, despite the continuous rise in June this year, the China Iron and Steel Association (CISA) predicted.
China to cap crude steel production capacity in Hebei, Tianjin: paper
Crude steel production capacity in Hebei province and Tianjin will be capped at 200 million metric tons and 15 million tons by 2020, as China strives to optimize the iron and steel industry, China Daily reported Wednesday.
Steel prices in China expected to rise in March, Lange Steel
Steel prices in China are expected to rise amid fluctuations in March as the demand has improved a lot and environmental protection efforts have capped supplies, said Wang Guoqing, director of the Lange Steel Information Research Center.
China steel mill makes world's largest seamless forging piece
A Chinese steel mill on Tuesday rolled off the world's largest seamless ring forging piece, which was developed especially as the key part of a nuclear power unit.
Steel prices in China go up last week on demand recovery
Some analysts believed that in the short term, the domestic steel prices will likely continue the uptrend as the fundamentals of supply and demand are relatively good.
China's steel prices to maintain strong in short term on rising demand
Steel prices in China will likely maintain strong in the short term due to the recovery in downstream demand, said some industry insiders.
China to further M&As in steel industry
China will further promote mergers and acquisitions (M&As) in the steel industry to better control capacity, allocate resources and strengthen risk management.
China completes five-year steel de-capacity task in advance, eyeing structural optimization
China has completed the five-year de-capacity task in the steel sector in advance and cut 150 million metric tons (tonnes) of steel capacity after three years of efforts, according to a meeting of the China Iron and Steel Association (CISA) on Monday.
Chinese steel producers' profits surge as capacity slashed
Chinese steel producers saw their profits surge in the first 11 months of 2018 as the sector's overcapacity was slashed amid the supply-side structural reform, according to an industry association.
Steel prices in China continue dropping on weak demand
Spot steel prices in China recently continued dropping within a narrow range due to weak demands from the steel consumers.
China's steel prices hold steady in October
China's steel prices remained stable in October, as China's iron and steel industry has maintained solid growth momentum, according to data from an industry association.
China to accelerate cross-regional, cross-ownership M&As of steel enterprises
The Chinese authorities are studying policies to further help promote the merger and reorganization of the steel enterprises, on the basis of completing the crude steel de-capacity task for the 13th Five-year Plan period (2016-2020) two years in advance.
China likely to complete de-capacity task for 2016-2020 two years in advance
China is expected to complete the de-capacity task for the 13th Five-year Plan period (2016-2020) two years ahead of schedule, the Xinhua-run Economic Information Daily reported on Wednesday.
Baosteel's nets up 34.96pct on yr to RMB15.747bln in Q1-Q3
China's Shanghai Baoshan Iron and Steel Co., Ltd (600019.SH) announced that it achieved a net profit of 15.747 billion yuan in the first three quarters of 2018, up 34.96 percent year on year.
China likely to export 70 million tons of steel in 2018, report
China is expected to export 70 million metric tons (tonnes) of steel this year, the Xinhua-run cnstock reported on Friday.
2nd ministerial meeting on steel excess capacity held in Paris
The Second Ministerial Meeting of the Global Forum on Steel Excess Capacity was held Thursday in Paris, France.
Hebei puts cap on steel capacity to fight pollution
North China's Hebei Province will cap its steel capacity at 200 million tonnes by 2020 in its fight against air pollution.
China’s steel industry profits increase over 150 pct on yr in H1, CISA
Profits of about 380 Chinese steel producers skyrocketed 151.15 percent year on year to 139.273 billion yuan in the first half of this year, new data showed on July 25.
Ansteel to buy out Chaoyang Steel at RMB5.9 bln
Angang Steel Company Limited (000898.SZ) said on Wednesday it planned to purchase a 100-percent stake in Chaoyang steel held by its controlling shareholder, Ansteel Group at 5.9 billion yuan.
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