In May 24th, the Guangxi Fangchenggang iron and steel base project in Guangxi, China’s south coast, and the Guangdong Zhanjiang iron and steel base project were officially approved. The two major steel projects are expected to be formally started at the end of this month. Guangdong Zhanjiang iron and steel…
In May 24th, Taiwan Sinosteel Co., Ltd. convened the 7~8 monthly domestic steel pricing conference. The US economy will continue to recover. Under the inflation and cooling down, the federal government will introduce quantitative easing policy to stimulate the economy and employment. The G8 conference hopes that Greece will remain…
Data released by the State Administration of Foreign Exchange yesterday showed that in April 2012, bank generation of foreign exchange was $110 billion 200 million, bank generation sold foreign exchange of US $113 billion 900 million, and bank generation sales deficit was $3 billion 700 million. This is a deficit…
He Jianzhong, a spokesman for the Ministry of transportation, said at a regular press conference 24 that the investment scale of fixed assets in the whole year is expected to be flat or slightly increased with last year. He said that we should seize the opportunity to expand domestic demand,…
According to the report, Rio Tinto PLC iron ore department head of SamWalsh24 day said that the plan to increase its iron ore output to 3.5 million tons by 2015, he expected to reach 4.5 million tons of iron ore production by 2016. Walsh said the company’s iron ore mining…
China Steel Association in May 24th issued a monthly analysis report that, although the two quarter is the peak of the steel consumption season, but as the growth of the main steel industry growth continues to fall, the slow growth of steel demand, the market supply and demand contradiction intensifies,…
Since May 20th, the national development and Reform Commission and the Ministry of railways have raised the price of domestic railway freight, and the average freight rate of railway goods has increased by 1 points per ton, with an average increase of 9.5%. Although the current market for the adjustment…
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