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Net profits generated by Jiangsu Shagang Co, the Shenzhen-listed arm of China’s largest privately-owned steelmaker, Jiangsu Shagang Group, during January to September this year reached nearly Yuan 1 billion ($145 million), up by 169% over the same period in 2017, according to the company’s third quarter financial report released on October 18.
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Shanghai Futures Exchange, China’s nonferrous and steel futures exchange, will adopt new quality standards for the delivery of its rebar and hot-rolled coil futures contracts on November 1.
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Production and sales of automobiles in China in September dropped at a faster pace on year compared with August, losing 11.7% and 11.6% respectively, according to the latest data from China Association of Automobile Manufacturers (CAAM) published on October 12. On month however, the results were higher by 18% and 14% respectively.
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Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker, announced on October 15 to raise its steel scrap procurement prices by Yuan 60-80/tonne ($8.6-11.6/t), the first price adjustment in one and a half months, as it has been running at low stocks.
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Anshan Iron and Steel Group (Angang) in Northeast China’s Liaoning province has decided to keep its flat steel list prices unchanged for domestic sales in November, or the fifth month in a roll, by taking into consideration of the possible thinning demand in cold winter but less output at the
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Baoshan Iron & Steel (Baoshan
Steel),the listed arm of China Baowu Steel Group, announced on October 10
to roll over its hot-rolled coil list prices for November domestic sales for
supplies from all its three steelworks, indicating the company’s cautiousness
about the near-term flat steel market outlook.
Baoshan Steel does not provide
actual list prices for
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Specification：DC51D＋AZ (Q/BQB 425-2009) Unit: Yuan/tonne
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Specification：DC51D+Z、CR1、DX51D、SGCC、St01Z、St02Z、St03Z (Q/BQB 420-2009) Unit: Yuan/tonne
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Specification: SPHC Unit:yuan/tonne
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Specification：DC01(St12) (Q/BQB 403-2009) Unit: Yuan/tonne
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Specification: Q235B Unit: Yuan/tonne
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Note: Exchange rate in September 1US$=RMB 6.8736; Exchange rate in July 1US$=RMB 6.8025; price excluding 16% VAT
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The local government of Xingtai City in North China’s Hebei province is beefing up efforts to reduce excesssteel capacity and accelerate the relocation of industrial enterprises from urban centres in response to provincial and central government pressure to improve air quality, market sources said.
In a post on its website earlier
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Jiangsu Shagang Group, China’s largest privately-owned
steel producer and based in East China’s Jiangsu province, kept its long steel
prices flat again for sales over September 21-30, the company announced on Friday, meaning that
the mill’s list prices have remained unchanged for the entire month of
September.
Based on the mill’s new price policy, Shagang’s
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The city government of Yuncheng
city in North China’s Shanxi province has signed a framework agreement with a steelmaker
from another province for the construction of a 2.5 million tonnes/year
cold-rolled coil/sheet facility in Yanhu District in central Shanxi, a deal
that meshes neatly with the province’s aspirations to be a manufacturing hub
for new
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Alliance Steel (M) SdnBhd, a China-invested greenfield integrated steel project in Kuantan in East Malaysia, has just begun trials on a new sections mill for rolled H-beams, according to a company Wechat post on September 19.
Trials on the mill, which began on Tuesday, “marked another remarkable milestone achieved by
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The uptick in
China’s markets for vanadium raw materials and alloys has given a strong lift
to Shenzhen-listed Pangang Group Vanadium Titanium & Resources Co (Pangang
V&T), the country’s leading vanadium and titanium supplier headquartered in
Panzhihua city, Southwest China’s Sichuan province, and new regulations to
improve the quality of rebars are seen boosting its
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China’s four state-owned enterprises including three major steel mills including China Baowu Steel Group Co have set up an asset management joint venture expected to provide professional assistance in the country’s steel industrial consolidation and concentration via the means of acquiring, investing, or managing those heavily-indebted steel mills on the
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By 2020, the eleven major steel enterprises in Anyang city in Central China’sHenan province will be amalgamated into just four conglomerates, an Anyang government official has confirmed. The eleven mills – comprising state-owned Anyang Iron & Steel and ten privately-owned steel and iron producers – together produced 17.5 million tonnes
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Jiangsu Shagang Group, China’s largest privately-owned steel producer and based in East China’s Jiangsu province, has decided to roll over all its long steel prices for sales during September 11-20, the company has declared. The September 11 announcement ends Shagang’s string of price hikes for five consecutive sales periods, Mysteel
