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China's listed steel companies perform well in H1, with sales hitting new highs
29 out of 31 steel companies listed on China's A-share market which have disclosed their performance predictions for the first half of the year as of last Friday expected their H1 performances to see year-on-year growth.
China Focus: Two Chinese steelmakers announce merger, become world's 3rd largest
China's two major steelmakers, Ansteel and Ben Gang Group Corporation, inked a deal on Friday to kick off their merger and restructuring that will create the world's third-largest steelmaker.
【Financial Str. Release】China raises export tariffs on steel products to push industrial upgrading
China will adjust export tariffs on some steel products as part of efforts to push upgrading and transformation of the industry.
China's listed steel firms forecast good performances in H1 on rising demand
Steel companies listed on China's A-share market are expected to achieve good results in the first half of the year, thanks to the robust demand from downstream sectors amid the domestic economic recovery, the Xinhua-run Economic Information Daily reported on Monday.
【Financial Str. Release】More than half of China A-share companies expect joyous H1 results
About 61.17 percent or 315 firms of the 515 China A-share companies are expecting optimistic financial results in the first half of this year, reported Xinhua-run Xinhua Finance Thursday.
China's crude steel output up 6.3pct y-o-y in May, association
China is estimated to have produced 98.08 million metric tons (tonnes) of crude steel in May, a year-on-year increase of 6.3 percent, according to the China Iron and Steel Association (CISA).
Steel prices in China expected to be stable on eased supply-demand relations
Steel prices in China are expected to continue a downtrend or be stable in the coming days, reversing the previously sharp uptrend, due to the eased supply-demand relations, the Xinhua-run Shanghai Securities News reported on Wednesday.
Downstream demand for steel in Q2 expected to remain high in China, association
Steel demand from the downstream sectors is expected to remain high in the second quarter in China, benefiting the domestic steel mills, according to China Iron and Steel Association (CISA) on Thursday.
Steel prices in China expected to rise further on increasing demand, report
Steel prices in China are expected to rise further on increasing demand from downstream sectors, the Shanghai Securities News reported on Tuesday.
China's steel base Hebei makes progress in cutting overcapacity
Hebei Province, China's leading producer of iron and steel, has made remarkable progress in reducing overcapacity amid an ongoing industrial upgrading, according to a work report from the provincial government.
China's steel consumption to increase 150-200 mln tonnes in 2021-2025: expert
China's steel consumption is expected to increase by 150-200 million tonnes during the 14th Five-Year Plan period (2021-2025), and the domestic iron and steel industry will usher in good development opportunities in 2021, industry experts said recently.
Chinese firm in Laos exports steel to Cambodia
A Chinese company in Laos, Khoukham Steel Industry Sole Co., Ltd, has recently shipped rebar to Cambodia, realizing the first exportation of steel produced in Laos.
China speeds up mergers and reorganizations of steel mills for higher concentration
With China's economy entering the period of transformation, its steel industry has also entered a period of adjustment and upgrading. Capacity rationalization and industrial restructuring are major features during the period. Restructuring of the industry is expected to be the highlight in the next three years.
China's key steel mills enhance production of high-performance steels, association
China's major steels mills have enhanced production of high-performance steels and embarked on the high-quality development path, according to the China Iron and Steel Association (CISA).
China vows to further cut outdated coal, steel capacity
China will continue to reduce its outdated production capacity of coal and steel this year, the country's top economic planner said Thursday.
China's steel market recovering on improving domestic demand
China's steel market is recovering with the steel price steadily rising thanks to the improvement in the steel demand from downstream sectors, the Xinhua-run Economic Information Daily reported on Monday.
China's steel output, inventory fall in March
China's steel output and inventory both fell in March, according to data from the China Iron and Steel Association.
Chinese steelmaker's acquisition of British Steel to boost China-UK co-op under BRI
Chinese steelmaker Jingye Group's acquisition of UK's second-largest steelmaker British Steel is expected to help boost cooperation between China and UK under the Belt and Road Initiative.
China's Pangang Group delivers 4,000t rails for Jakarta-Bandung railway
Pangang Group, a large steelmaker in southwest China's Sichuan Province, has recently delivered the first batch of 100-meter rails weighing nearly 4,000 tonnes for the construction of the Jakarta-Bandung high-speed railway project in Indonesia.
China's Jingye group completes acquisition of British Steel's assets in UK, the Netherlands
Chinese steelmaker Jingye Group on Monday completed the acquisition of British Steel's business and assets in Britain and the Netherlands, said the Chinese steelmaker in a statement.
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