In order to keep the liquidity in the banking system adequate at a reasonable level, the People’s Bank of China (PBOC) conducted reverse repo operations in the amount of RMB 2 billion ($0.28 billion) through interest rate bidding on June 13, 20...
On June 12, color coated line No. 3 of 200,000 mt high-end color coated project at Chongqing production base came online, which exerted a positive impact on the group to further seize the market of high-end coated products and achieve high-quality de...
In the January-May period this year, the value-added industrial output of the ferrous metal smelting and rolling sector in China recorded a year-on-year rise of 5.0 percent, 0.5 percentage points slower compared to the increase in the first four mont...
In early June (June 1-10) this year, the average price in China of 16-25 mm HRB 400 rebar increased by RMB 62.7/mt ($8.8/mt) or 1.7 percent to RMB 3,664.9/mt ($512/mt), compared to prices in late May (May 21-31), as announced by China’s National Bu...
In the January-May period this year, China’s outputs of pig iron, crude steel and finished steel amounted to 374.74 million mt, 444.63 million mt and 557.06 million mt, increasing by 3.2 percent, 1.6 percent and 3.2 percent, year on year, respectiv...
Passenger vehicle retail sales in China amounted to 425,000 units in the June 1-11 period this year, down 10.0 percent year on year, while decreasing by 25.0 percent month on month, according to the China Passenger Car Association (CPCA).In the curre...
The China Iron and Steel Association (CISA) has announced that in early June (June 1-10) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - totaled 2.2311 million mt, up...
In the January-May period this year, the aggregate shipbuilding output in China amounted to 16.47 million dead weight tons (dwt), up 15.4 percent year on year, as announced by the China Association of the National Shipbuilding Industry (CANSI).In the...
Australian iron ore miner Fortescue Metals Group has announced that it has signed a memorandum of understanding with Chinese steel producer Baowu Steel Group to work together on reducing emissions from iron and steel production.The companies will exp...
