-
Shanxi Taigang Stainless Steel Co (Tisco), one of China’s major stainless producers and headquartered in Taiyuan City in North China’s Shanxi province, plans to purchase a controlling 51% share of Linyi Xinhai New Materials Co (Xinhai), located in Linyi City in East China’s Shandong province, according to an official announcement
-
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
-
Local authorities in Wuhu City in East China’s Anhui province have introduced emergency restrictions on the operative capacity of blast furnaces in use at local steelmakers, according to a September 5 document released by Wuhu City Environmental Protection Bureau seen by Mysteel.
-
More details have emerged about plans by Baowu Steel Group Corporation, China’s top steelmaker by capacity, to install a third blast furnace and converter at its Zhanjiang works in South China’s Guangdong province, Mysteel has learned. These were contained in an August 28 post released by Guangdong Economic and Information Commission announcing that the project is open for public review over August 28-September 27.
-
Fushun Special Steel Co, based on Northeast China’s Liaoning province, posted a net loss of Yuan 69.54 million ($10.2 million) for the first half of 2018, down by a huge 217% on year, according to the company’s semi-annual financial report.
-
Two major steelmakers in Anhui province in East China will be halting some upstream facilities for maintenance next month but the stoppages are not related to market chatter that the Anhui provincial government will order all steelmakers it supervises to cut operative capacities on their blast furnaces by 20-30% from October, Mysteel is told.
-
Releasing its list prices for September sales on Monday, Yieh United Steel Corp (Yusco), one of Taiwan’s largest integrated stainless makers and headquartered in Kaohsiung in Southwest Taiwan, will be cutting these by another TWD 500-1,000/tonne ($16.3-32.6/t) from August, a company official confirmed on September 3.
-
Shanxi Taigang Stainless Steel Co (TISCO), the listed arm of Taiyuan Iron & Steel Group Co, has no intention to increase its steel output much amid the persisting concern on domestic oversupply, according to TISCO’s interim report released on August 31.
-
Jianlong Beiman Special Steel Co in Northeast China’s Heilongjiang province, targets to export 214,000 tonnes of steel, realizing a revenue at $150 million for 2018 after it resumed operations in November 2017 after restructuring, an official from the company confirmed last Friday.
-
The debt-stricken Bohai Steel Group in North China’s Tianjin municipality has entered into bankruptcy and restructuring proceedings, an official from the State-owned Assets Supervision and Administration Commission of Tianjin confirmed on Tuesday.
-
Fangda Special Steel Technology Co (Fangda Special Steel), the listed arm of Jiangxi Fangda Iron and Steel Group headquartered in East China’s Jiangxi province, posted a net profit of Yuan 1.3 billion ($190.8 million) during the first half of this year, up by a huge 85.4% on year. The steelmaker’s interim report released on August 18 mainly attributed the jump in profits to a rise in the company’s output and to the buoyant steel market.
-
Zenith Steel Group Co, headquartered in Changzhou in East China’s Jiangsu province, posted a 9.5% year-on-year decline in its crude steel output to 4.64 million tonnes over January-June, mainly because of government’s frequent restrictions on local steel mills during the period, a company official explained on Thursday.
-
Changzhou Eastran Special Steel Co, headquartered in East China’s Jiangsu province, plans to build new upstream facilities to lift both production volume and environmental protection performance, according to an official announcement released by Jiangsu Economic and Information Technology Committee on August 2.
-
Jiangxi Fangda Steel Group, one of China’s most profitable steelmakers headquartered in Nanchang, East China’s Jiangxi province, has called off the acquisition of the state-owned Xining Special Steel Group on having failed to reach an agreement with the latter’s stakeholders, a Xining Special Steel official confirmed on August 3.
-
Zenith Steel Group Company, a leading producer of high-quality and special steel bar and wire rod in China, mulls relocating its steel capacities to the coastal city Nantong in East China’s Jiangsu province, a Zenith official confirmed a post by the Nantong government on July 31.
-
China's Ministry of Commerce (MoC) is launching a preliminary antidumping investigation into imports of stainless steel semis (slabs and billets) and hot-rolled stainless coil and plate from Indonesia, the European Union, Japan and South Korea, according to an official notice posted on its website Monday.
-
Liuzhou Iron & Steel Group (Liugang), headquartered in Liuzhou city in South China's Guangxi Zhuang Autonomous Region, has formally taken control of Guangxi Iron and Steel Group, an entity established a decade ago to realize a new integrated steelworks in the coastal city of Fangchenggang in the same region.
-
Tsing Tuo Group, a subsidiary of Tsingshan Holding Group in Fujian province, South China, has commenced hot run trials on a new continuous caster for stainless stabs at its works in Ningde city in the same province, according to the company's post on July 9.
-
Releasing their revised list prices for sales in July, stainless steel producers in Taiwan are raising prices by TWD 500-1,000/tonne ($16-33/t) from one month earlier, mainly to offset the pressure they face from rising input costs and the devaluation of the New Taiwan dollar.
-
Many overseas investors have already or are exploring steel investment opportunities in the ASEAN region as many ASEAN countries are with great market potential with their fast-growing economies, Mysteel understands from the market sources.
