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Jilin Longjiapu coal mine accident claims 9 lives

The accidenthappened at around 8 pm Beijing time and was triggered by a 2.3 magnitudeearthquake which trapped the 19 miners, the release noted, saying that tencould be rescued but nine miners died.Though emergencyrescue work was completed Mo...


China’s Shagang lifts scrap buying price by $10-15/t

“Shagang’sdecisionis within market expectations, given the decline in deliveries of steel scrap to its works,”a Shanghai-based market watcher said. “But despite Shagang’s increase in its procurement price, it’s hard to see the su...


NBS: China’s H1 FAI up 5.8%, property up 10.9%

Among the total FAI, that from the state-owned enterprises grew faster by 6.9% on year, though the privately-owned enterprises remained the core contributor, providing about Yuan 18trillion or 60.3% of the total, or up 5.7% on year for H1.Am...


FLASH: CHINA’S JAN-MAY FAI UP 5.6%, PROPERTY UP 11.2%

China's fixed asset investment in general grew 5.6% on year to Yuan 21.76trillion ($3.15trillion) for January-Mayand the funding into the property market went up 11.2% on year to Yuan 4.6trillion during the period. A detailed story will be p...


DCE iron ore ends down after roller-coaster week

Only days earlier on Wednesday, the contract had refreshed its five-and-half-year high of Yuan 911.5/dmt but market jitters on Thursday led the contract to lose Yuan 40.5/dmt from Wednesday to the end of the daytime session at Yuan 868/dmt....


NBS: Industrial capacity utilization at 76.4% in Q2

Thus, the average industrial capacity utilization rate in all industries nationwide stood at 76.2% in the first half year, sliding by only 0.5% on year.Among all industries the NBS tracks, the average capacity utilization rate in the mining...


FLASH: CHINA'S JAN-MAY STEEL OUTPUT UP 10.2% YOY

China's crude steel output grew 10.2% on year to nearly 405 million tonnes over January-May, with the May volume up 10% year on year to about 89 million tonnes. A detailed report will be posted soon....


FLASH: CHINA'S H1 IRON ORE IMPORTS DIP 5.9% YOY

China's iron ore imports fell by 5.9% on year to 499 million tonnes over January-June. A detailed story will be posted soon....


NBS: China's Jun daily steel output refreshes record high

In June, China’s crude steel output maintained a fastgrowth, jumping by 10% on year to 87.53 million tonnes, and the daily outputrefreshed the record high, hitting 2.92 million tonnes/day, according to NBS’sdata published on July 15. Th...


NBS: China’s Jan-May FAI up 5.6%, property up 11.2%

The yearly growth of private-sector FAI during January-May also edged down by 0.2 percentage point from the first four months to 5.3% and totaled Yuan 13.08 trillion, according to NBS. However, private investment still accounted for a domina...