Latest news on China Wheel Steel markets

China welcomes US investment despite trade war

China is committed to improving its investment environment to welcome all foreign investors including those from the US, China's Ministry of Commerce (MoC) said at a routine press conference in Beijing on July 12.

Ansteel to form steel wheel JV with Thyssenkrupp, Jingu

Ansteel, a major Chinese steelmaker in Anshan city, Liaoning province, Northeast China, is establishing a joint venture with German steelmaker Thyssenkrupp and Chinese steel wheel manufacturer Zhejiang Jingu, an announcement from Jingu showed on Thursday and Ansteel officials confirmed on Friday.

Australia initiates probes on China's railway wheels

Australia's Anti-Dumping Commission has initiated an anti-dumping and countervailing investigation on certain railway wheels imported from China, according to an announcement on its official website released on April 18.

Shagang shareholder buys into Fangda Special Steel

Chinese financier Li Feiwen, the second largest shareholder in East China steel giant Jiangsu Shagang Co, has bought a near 8% share in Fangda Special Steel Technology Co, a maker of special steel springs, bars and other specialty longs chiefly for automotive applications and headquartered in Nancha

Da Ming to set up steel processing JV with Japan's Hanwa

Hongkong-listed Da Ming International Holding will set up a steel processing and distribution joint venture with Japan's trading company Hanwa Co to better share resources, optimize operations, and upgrade technology, according to a release by Da Ming on March 19.

Chinese special steel may see stronger demand in 2018

China's special steel market will see a bright 2018 on stronger demand against tighter supply compared with last year, according to Chen Qiang, general manager of one of the country's largest special steel trading firms, Shanghai Qiangqi Trading Co.

China's steel mills' profit up 180% over Jan-Nov

China's steel mills and mini mills reported a combined Yuan 313.9 billion ($47.8 billion) profit over January-November, or a spiking 180.1% increase year on year, according to the latest release from China's National Statistics Bureau (NBS) on December 27.

Baosteel's 2017 auto sheet sales over 12 million tonnes

Shanghai-based Baoshan Iron & Steel (Baoshan Steel), the listed arm of China Baowu Steel Group, has sold over 12 million tonnes of auto sheet so far in 2017, or a new high for the company, a company official confirmed on December 27.

Shangang's Rizhao works gets Yuan 4.1 billion new fund

The new integrated Rizhao steelworks under the Shandong Iron & Steel Group Co (Shangang) will be granted a total of Yuan 4.1 billion ($62 million) from its major shareholders mainly for its second-stage construction, a company official confirmed on December 26.