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  • October 21, 2014
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  1. KRAKATAU POSCO puts premium on steelmaking excellence

    Posted Aug 18th 2014, 11:59am by Reports by Krystin Chu and Khay Inn Poh

    ... steelmaker KRAKATAU POSCO has thereby made it a goal to provide Indonesia's technology-based sectors with premium-quality, clean steel slabs and plates. KRAKATAU POSCO is 70 per cent owned by South Korean firm POSCO, one of the world's largest steelmakers, and 30 per cent by Indonesia's state-owned steelmaker, Krakatau Steel. POSCO's arrival in Indonesia brought along ...

  2. Business - Commodities - industry

    Chinese steelmakers thrive as raw material costs plunge

    Posted Jul 14th 2014, 03:09am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Profit margins at mainland mills rise to highest in 18 months on cheaper raw material prices Steelmakers thrive as costs plunge Mainland steel producers have seen their profit margins surge to the highest in at least 18 months on the back of sharply lower raw material prices and robust demand, a trend expected to continue in coming months, analysts ...

  3. Rio Tinto pulls out Australian staff from Shanghai office

    Posted Jul 17th 2009, 12:00am by Martin Zhou

    ... of leaking information to Rio, which effectively represented the world's three biggest iron ore suppliers in their talks with mainland steelmakers, in return for bribes and other favours. ... But the longer it takes, the harder for smaller steelmakers.' Benchmark steel prices have risen 14 per cent in the past three months. ...

  4. Ore price expected to rise as demand for steel soars

    Posted Nov 21st 2009, 12:00am by Howard Winn

    ... Howard Winn Soaring demand for steel on the mainland will lead to a sharply higher price for iron ore next year, according to Macquarie Securities. 'The annual contract price could be up by more than 20 to 30 per cent, maybe higher,' Jim Lennon, ...

  5. Business - Commodities - RESOURCES

    Tough pollution rules may cut China's steelmaking capacity by 2pc

    Posted Apr 12th 2014, 12:59am by BLOOM

    ... steelmaking capacity will be eliminated this year, and that growth in steel output will slow to 3 per cent, down from 7.5 per cent last year. The biggest losers may be older, private mills the central ... more efficient steelmaking capacity in China". This year as many as 10 plants, with annual capacity of as much as 10 million tonnes, may close or scale back operations, Mysteel chief ...

  6. Business - China Business - DISPOSALS

    Chongqing Iron & Steel sells plant for 719.6m yuan to ease financial pressure

    Posted Oct 21st 2014, 09:20am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Chongqing Iron & Steel, a medium-sized Chinese steelmaker, is selling a cold-rolled sheet plant for 719.59 million yuan (HK$908.47 million) to ease financial pressure and replenish working capital, it said in a filing to the stock exchange on Tuesday morning. The Land Reserve Centre in the Changshou Economic and Technological Development Zone ...

  7. 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 payi ...

  8. Business - Commodities - industry

    Top Chinese steelmakers lose market share amid clampdown

    Posted Jan 15th 2014, 01:38am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com The share of the mainland's top producers is being eroded by private mills even as the government orders outdated capacity to be closed Market leaders losing out amid steel clampdown The mainland's fragmented steel ind ...

  9. Business - China Business - BOARDROOM

    Hebei steelmaker's chairman leaves under a cloud

    Posted Dec 13th 2013, 04:30am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Hebei steelmaker's chairman leaves under a cloud Executives of Hebei Iron and Steel, China's largest steel producer, declined to comment on state media's allegations that the resignation of the state-owned firm's chairman, Wang Yifang, might be linked to corruption. On Tuesday, Wang submitted his resignation as chairman ...

  10. Business - Commodities

    China steelmaking jump sparks rebound in freight rates after slump

    Posted Oct 16th 2013, 12:00am by BLOOM

    ... Bloomberg in London Mainland steel boom spurs surge in freight rates Freight traders are hiring record numbers of iron-ore carriers in the spot market as mainland steel production expands at the fastest pace in three years, spurring the biggest rally in s ...




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