Chaina

Strong Chinese participation in Aluminium Middle East 2015

The fourth edition of the biennial Aluminium Middle East, running until April 16 at the Dubai International Convention and Exhibition Centre (DICEC), has attracted the strong presence of Chinese companies who are eager to strengthen their relations with the Middle East which is among the fastest growing economic regions in ...

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China to cut 80 mt of steel capacity over 2015-17

Reuters – China will aim to cut as much as 80 million tonnes of excess steel capacity in the next three years to tackle a massive supply glut that has plunged much of the sector into crisis, a government official said on Saturday. Speaking at an industry forum, Luo Tiejun ...

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China’s iron ore stocks dwindle as price fall scares off buyers

Reuters – Stocks of imported iron ore at ports in China, the world's biggest consumer, have stuck at or below the 100 million tonne mark since the start of the year. They look set to fall further as a protracted price slump drives away buyers. Inventories of the steelmaking raw ...

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EUROFER welcomes EU anti-dumping measures against imports of SSCR from China and Taiwan

  EUROFER – The European Commission has imposed provisional anti-dumping duties of up to 25,2 % on stainless steel cold rolled flat products (SSCR) imports from PR China and up to 12,0 % on imports from Taiwan, following the complaint which was filed by EUROFER in May 2014.The Commission’s investigations ...

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Chinese rebar futures extend gains as steel mills cut output

    Reuters – Chinese rebar futures rose to their highest level in nearly three weeks on Tuesday as tougher environmental checks forced some steel mills to curb production just when demand in the world's top consumer is expected to start picking up. Some steel mills in the northern Chinese ...

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Citigroup: Iron Ore Will Breach $50 on China Demand

  Bloomberg – Iron ore will slump below $50 a metric ton as steel demand in China, the world’s largest producer of the alloy, remains fundamentally weak and mining companies’ costs extend declines, according to Citigroup Inc. Chinese steel demand shrank in January and February from a year earlier, the ...

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China steel firms turn overseas as domestic woes mount

Reuters – Laden with debt and struggling to make money as the world's No.2 economy loses momentum, China's steel mills do not appear obvious candidates for overseas expansion. But the country's crisis-hit steel sector is calling for strong government backing for plans to ramp up foreign acquisitions, as it looks ...

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10.1 % rise in world’s primary Aluminum production in February 2015

  ArabMetal – International Aluminium Institute (IAI) announced that the total world production of primary Aluminum up to 4.504 million tons February 2014, an increase of 10.1% compared to the production of 4.091 million tons for the same period of last year. According to production figures announced by the Institute, «Arab ...

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China plans to resolve steel industry overcapacity by 2017 and aims to build 3 to 5 giant steel mills by 2025

Xinhua – China will accelerate the overhaul of its overly-invested iron and steel sector to bring it back to a "basically balanced level" by 2017, the industry ministry said. The Ministry of Industry and Information Technology (MIIT) said it would aim to bring industrial average profit rate and return on ...

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China slowdown and Australian dollar fell iron ore, coal to fresh lows

  Slowdown in Chinese growth and lower Australian dollar against the US dollar, pushing the iron ore and coal prices to drop more in the coming period. Reuters reported that the key Asian mining markets are being thrown into crisis by China's slowdown and industrial reforms, with coal and iron ...

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