China Steel News
-
Iron ore will fall another 8 percent in the next several months as steel mills in China, the biggest importer, shut down because of maintenance, power rationing and squeezed profits, according to Deutsche Bank AG.
-
Iron ore extended losses for a fifth day to a five-month low on speculation Chinese mills are drawing on stockpiles as declining steel prices cut their profits, according to Macquarie Research.
-
Growth in demand for steel in China, the world’s biggest consumer, is set to rebound from a four-year low, supporting earnings for mills and the iron ore producers that supply them.
-
A group led by China Steel Corp. and Posco agreed to pay $1.1 billion for 15 percent of ArcelorMittal Mines Canada Inc. to secure supplies of iron ore from two mines.
-
China Steel Corp. , Taiwan’s biggest maker of the metal, is in talks with five groups to buy stakes in iron ore and coal mines to reduce its reliance on raw material suppliers as it increases production.
-
China Steel Corp. , Taiwan’s largest steelmaker, had a 71 percent decline in fourth-quarter profit after failing to pass on increased costs.
-
China Steel Corp., Taiwan’s biggest maker of the metal, said it signed a strategic alliance agreement with Sinosteel Corp. as the Taiwanese market slowed.
-
Baosteel Group Corp., the parent of China’s biggest listed steelmaker, expects a moderate increase in steel demand this year, General Manager He Wenbo said.
-
China Steel Corp., Taiwan’s largest steelmaker, is in talks with iron ore suppliers to cut first- quarter prices amid declining demand.
-
China Steel Corp., Taiwan’s largest steelmaker, swung to a loss in the fourth quarter as weak demand forced it to cut production.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page