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  • July 13, 2014
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  1. Business - Commodities

    Steel mills caught in credit squeeze

    Posted Mar 14th 2014, 01:06am by BLOOM

    ... Bloomberg in Perth Surge in stockpiles also adds to pressures on mainland operators as share values slide Steel mills caught in credit squeeze Chinese steel companies, the world's ... trouble accessing finance," said Yunde Li, chairman of Ishine, a unit of China Zhongsheng Resources, which processes iron ore in Shandong. Some of Ishine's steel mill customers could ...

  2. Mainland pushes to close smaller steel mills in sector consolidation

    Posted Jul 14th 2010, 12:00am by Howard Winn

    ... would close mills producing less than one million tonnes of steel a year while tightening environmental standards and clamping down on old and inefficient operations. In an effort to encourage ... industry for many years but have met with little success. One of the main problems hindering consolidation is that steel mills are viewed as a source of employment and taxes by provincial ...

  3. Business - China Business - industry

    Pollution heads south to Shanghai as steel mills driven from Beijing's environs

    Posted Jan 03rd 2014, 02:13pm by Reuters

    ... Reuters in Beijing Clean air campaign sees steel mills move closer to commercial capital Chinese steel production is moving from its heartland in Hebei province in the wake of government efforts to tackle pollution near Beijing, but Shanghai could be paying the price as steel mills around the commercial capital ramp up output. Stricter environmental checks in Hebei have also ...

  4. Baosteel seals deal on US$4b steel mill in Brazil

    Posted Jul 19th 2007, 12:00am by Staff Reporter

    ... venture to make steel slabs in Brazil, according to a statement on CVRD's website. The deal, which can secure raw material supply for Baosteel and boost domestic sales of iron ore for CVRD, the world's biggest iron ore producer, ended a long-running dispute over the joint-venture site with the state government of Maranhao, the originally planned location for the steel slab plant. ...

  5. Steel mills post first monthly loss in 6 years

    Posted Dec 06th 2008, 12:00am by Carol Chan

    ... Carol Chan The mainland steel industry in October registered its first monthly loss in six years as falling demand and lower steel prices amid the global financial crisis ate into profit. Seventy-one large and medium-sized steel mills posted a combined loss of 5.84 billion yuan (HK$6.58 billion) in October, the first monthly industrywide loss since 2002, according to the China Iron ...

  6. Virgin to use jet fuel made from steel mill waste gas

    Posted Oct 24th 2011, 12:00am

    ... specialist LanzaTech to develop an aviation fuel by converting waste gases from steel mills using special microbes. 'We have been following a number of paths in the past years, ... carbon emissions by about 50,000 tonnes a year. LanzaTech is in discussions with steel mills around London's Gatwick Airport over plans to start up another facility for the British carrier. ...

  7. Manager detained over molten steel spill deaths

    Posted Apr 24th 2007, 12:00am by Raymond Li

    ... Raymond Li A mid-level manager with a steel company in Liaoning province has been detained over a breach of safety regulations blamed for last week's molten steel spill, which killed 32 workers, a company source said yesterday. An employee with the Qinghe Special Steel Corp in Tieling said the director of one of the company's workshops where the spill occurred ...

  8. China's shortage of iron ore could force steel mills to shut

    Posted Apr 27th 2010, 12:00am by Howard Winn

    ... Howard Winn China is a facing a severe shortage of iron ore, which is likely to lead to higher prices and force some steel mills to stop production. 'A massive shortage of iron ore ... They have risen sharply this year on the back of a massive increase in steel production which has been driven by strong economic growth boosted by the 4 trillion yuan (HK$4.55 trillion) stimulus ...

  9. Chinese steel mills want bigger discount

    Posted May 27th 2009, 12:00am by Carol Chan

    ... that may further complicate the broken 40-year-old pricing system. The China Iron & Steel Association (Cisa), which is leading contract talks on behalf of the country's mills, had reached ... meeting yesterday to discuss the settlement and the negotiation tactics after Japanese steelmakers agreed on the contract prices, an executive of a steel mill said. After the price cut, the new ...

  10. Shaanxi merges three steel mills into one unit

    Posted May 13th 2009, 12:00am by Carol Chan

    ... Carol Chan Shaanxi's provincial government is responding to Beijing's calls for consolidation of the fragmented steel industry by merging its three mills into one company. Shaanxi Iron & Steel Group will control the operations of Shaanxi Longmen Iron & Steel, Shaanxi Lueyang Iron & Steel and Shaanxi Hanzhong Iron & Steel Group, according ...




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