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Growth of industrial profits at 6-year high
  Release time: 2018/01/30 17:17:00
Profits surged by 21 percent year-on-year to hit 7.519 trillion yuan($1.19 trillion), the fastest pace since 2011, when growth reached 25.4 percent, according to data released by the National Bureau of Statistics on Friday.In 2016, profit g

China's rustbelt province sees fast economic growth in 2017
  Release time: 2018/01/30 14:56:00
Gross domestic product in Liaoning, one of the three provinces in the traditional industrial zone, grew 4.2 percent to 2.39 trillion yuan($375 billion)last year, said Tang Yijun, acting governor of the province.As he delivered a government

Steel News

The increase in steel and coal prices has driven up profits in the indu...
  Release time: 2018/01/30 17:31:00
Industrial companies with annual revenue over 20 million yuan(about$3 million)reported total profits of more than 7.5 trillion yuan in 2017, up 21 percent from 2016, the NBS said in a statement.In 2017, profit in the mining sector more than

ArcelorMittal to spend C$70m to upgrade Quebec-based Contrecoeur mill
  Release time: 2018/01/25 14:17:00
The upgrade plans include expanding rolling capacity by 100 000 t/y by replacing two reheating furnaces at its Contrecoeur-East wire rod mill for about C$30-million, and its Contrecoeur-West bar mill at cost of about C$33-million.The Arcelo

Raw Material

FMG calls the bottom of iron ore price discounts
  Release time: 2018/01/30 17:40:00
The miner revealed its iron ore had achieved just 66 per cent of the benchmark iron ore price during the three months to December 31.A far cry from the period between 2014 and 2016 when Fortescue's product typically fetched between 86 per c

Shippers benefit as China laps up Brazilian iron ore
  Release time: 2018/01/03 17:20:00
To combat severe winter smog, China has slashed iron ore output, pushing steel mills in the world’s second biggest economy to import more high-grade ore.While Australia is the top iron ore exporter to China with 652 million tonnes exported

Equipment & Technology

High-Strength Steel On Display With Launch Of All-New 2019 Ram 1500
  Release time: 2018/01/19 16:59:00
According to Ram, this is the strongest 1500 to date, featuring more than 98 percent high-strength steel in the frame and 54 percent high-strength steel in the core body structure.The use of high-strength steel in the frame enables noise-,

China to invest $113b in railway in 2018
  Release time: 2018/01/03 17:08:00
About 702 billion yuan of the total amount will be used to build 4000 km of new rail tracks, including 3500 kilometers in high-speed railways next year.Among the total, high-speed railways will rise to 30000 km by 2020 and connect more tha

Steel End-users

Cut tariffs on imported cars cautiously
  Release time: 2018/01/30 17:42:00
Many potential buyers expect the tariff cuts will help bring down the retail prices of expensive imported cars.However, the number of cars China imports each year has soared from 70000 in 2001 to more than 1.07 million in 2016, so even thou

Chinese automaker Foton launches assembled trucks in Kenya
  Release time: 2018/01/25 14:09:00
Sun Qingzhong, General Manager of Foton Motor Kenya Ltd, said in Mombasa that the company which has been pushing for the globalization of its brands, has set a long-term strategic plan in Kenya and Africa.The Chinese automaker will also pro

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