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  • August 30, 2014
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  1. Business - China Business - MANUFACTURING

    Tangshan mill closure reflects wider problems in Chinese steel industry

    Posted Jul 24th 2014, 01:06am by Reuters

    ... governor Zhang Qingwei said in March that at least 16 mills had shut in the province because they had been unable to pay their bills. The steel industry is also in trouble in other provinces. ... Reuters in Tangshan, Hebei Debt-laden steelmakers lose financial lifelines as overcapacity pushes many into near bankruptcy Steel town's troubles a sign of wider problems in sector ...

  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 - 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 ...

  4. 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 ...

  5. 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. ...

  6. Business - Commodities - COMMENT

    Chinese puzzle: steel output up but coal supply down

    Posted Aug 27th 2014, 01:28am by Reuters

    ... with the current weak prices a further incentive for steel mills to source from overseas. Reuters ... Clyde Russell Guesswork required on how raised production coincides with falls in coal output and imports Clarity in short supply as China's steel output rises Something does ...

  7. Business - Commodities - industry

    Hebei's July steel output drops 6pc

    Posted Aug 22nd 2014, 01:21am by Reuters

    ... period. A crackdown on credit and a collapse in steel prices have also put many of the province's steel enterprises at risk of bankruptcy, and at least 16 mills have suspended production. ... Reuters in Beijing Province sees result of drive to shut polluting plants and weaker demand Hebei's July steel output drops 6pc Hebei, the top steel province on the mainland, saw ...

  8. Business - Commodities

    China's Baosteel says national 2013 steel output higher than official data

    Posted Aug 04th 2014, 05:50pm by Reuters

    ... hundreds of mills with colossal debts. Many are on the brink of closure. “The harsh market situation has forced China’s steel enterprises to experience first hand the negative impact ... tonnes, putting their average utilisation rate at just 60 per cent. Xu said Chinese steel mills would continue to struggle in the second half of the year amid financing difficulties, rising ...

  9. 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 ...

  10. Business - Commodities - industry

    China's steel industry burdened by overcapacity, workers baulk at shutting plants

    Posted Aug 11th 2014, 03:56am by Eric Ng

    ... the economics of the steel sector," Sanford Bernstein analyst Vanessa Lau said in a research report. After visiting steel mills and local government officials in Tangshan, Lau said industry figures ... plants to lift output, with their blast furnace utilisation rate rising to 97 per cent from 86 per cent in March, according to industry portal mysteel.com Medium-sized and large steel mills ...




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