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.Saturday, 4 January, 2014, 2:03am
I have a friend who works in a 'dirty' business, but it's also one of the most environmentally friendly. He works in the scrap metal industry.22 Nov 2010 - 12:00am
China says it will intensify efforts this year to consolidate the steel industry.
In a policy document, the Ministry of Industry and Information Technology said the country 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.14 Jul 2010 - 12:00am
The chief of Angang Steel, the largest Hong Kong-listed mainland steel producer, has blasted the three foreign iron ore mining majors for not being willing to 'share' market risks and profits, leaving half the mainland's steel industry in the red while making huge profits themselves.22 Apr 2010 - 12:00am
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, the global head of commodities research for Macquarie, said at a conference in Hong Kong yesterday.21 Nov 2009 - 12:00am
Anglo-Australian iron ore supplier Rio Tinto Group has relocated several of its Australian analysts who worked at its Shanghai office, where four of its employees were detained by mainland secret police on spying charges earlier this month, a source said.
The latest development came as calls mounted for the mainland to enhance the transparency of its handling of the case.17 Jul 2009 - 12:00am
Investors' hopes for an early recovery in the mainland steel industry look overly optimistic.
Since the Hong Kong stock market bottomed in late October, the shares of locally listed mainland steel companies have rebounded handsomely, with both Angang Steel and Maanshan Iron & Steel comfortably outperforming the H-share index (see the first chart below).30 Jan 2009 - 12:00am
Beijing's worst polluter, the Shougang steelworks, shut one of its four giant blast furnaces yesterday, a key step in delivering clearer skies for the Olympics and for the state-owned behemoth's relocation away from the capital.
After more than 35 years of operation, the fires were doused in the plant's No4 furnace, Xinhua reported.6 Jan 2008 - 12:00am
The mainland's top state economic planning agency has called on provincial governments to shut 77.76 million tonnes of steel production at backward mills by 2010, about 14 per cent of the nation's current capacity, as part of its efforts to cut pollution and save energy.28 Dec 2007 - 12:00am
ArcelorMittal, the world's largest steelmaker, has received approval to increase its stake in Shenzhen-listed Hunan Valin Steel Tube and Wire, to tap the world's biggest market of the alloy.19 Dec 2007 - 12:00am