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China to Focus on Fundamentals & Economic Growth Takes Back in 2020

China to Focus on Fundamentals & Economic Growth Takes Back in 2020 In an extraordinary move, China has not set a target for its economic growth rate for 2020. In the annual government work report at the third session of the 13th National People’s Congress , Chinese Premier Li Keqiang categorically called stabilizing employment and…

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China Steel Corp Announces Price Changes for July & Q3

China Steel Corp Announces Steel Price Changes for July & Q3   On May 22nd, 2020, China Steel Corporation held a price meeting for domestic sales in the third quarter and July of 2020 and announced price adjustments for July 2020 and july-Septemer quarter. CSC said “This quarter, CSC would keep prices adjusted on monthly…

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Steel production capacity is still expanding under the context of excess

    Yesterday, “My steel net” annual meeting closed in Shanghai. The secretary general of China Steel Industry Association, Zhang Changfu introduced ar the annual conference that despite China’s excess steel production capacity, investment growth was apparent reproduction. Non-state-owned enterprises are the main investment, and investment hotspot is Bohai Sea area which has serious excess…

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Chinese steel exports to the US reduced substantially

Hit by series of trade survey, China¡¯s steel pipe producers who exports the steel pipe to the U.S. was drastically shrinking; Chinese other steel products export to the U.S. also began its dramatic decrease from 2009. Recently, the U.S. International Trade Commission issued a notice that the thin-walled rectangular steel which was originating in China,…

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Xu Lejiang consider that steel companies is still full of opportunities in the marginal profit era

Recently, Baosteel Group Chairman Xu Lejiang said the Chinese steel industry profit operating conditions expected is unlikely to change in the next two to three years, but iron and steel enterprises still have the opportunity to develop. Xu Lejiang consider that 2011 the greatest feeling of pressure are high costs of raw material, downstream demand…

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Oriental Bank of China ratings raised to international buy, target rose to 4.6 yuan

Bank of International issued a report, consider the adjustment of the second half of the domestic steel prices still possible, report on the China Oriental Group (00581) full-year forecast made a substantial adjustment in the report the company expects 2011 / 2012 earnings per share were 0.55 and 0.59 yuan, basically similar to previous expectations. corresponding to the 2011 / 2012 year earnings were 5.0 times and 4.7 times the company is trading below net asset per share, the valuation remain advantages the reportincrease the company’s investment rating to “buy”, raised the company’s target price to 4.6 HK dollars.          Reported that, thanks to the company’s excellent cost control, in the first half marked rise in raw material prices in the context of company profits rise, not fall, interim results better than expected, and, due to cost control powerful  gross profit per ton of steel increased significantly, socompany to maintain a high level of profitability.         Report added that the construction of steel-based product structure allows the company to significantly benefit the company product mix to large-scale H-beam  narrow steel and other common construction steel-based, cold-rolled  galvanized sheet steel and other industrial proportion is low.Since the first half, the domestic construction steel price trend was stronger in plate and strip, resulting in better profitability of construction steel in plate and strip.       The report concludes that the company’s profitability for the Hong Kong market in the best ordinary steel manufacturing companies, profitability was significantly better than the general Hong Kong-listed steel companies with the type of the report that the company’s low-cost production model is sustainable, so the companyfuture profitability will remain in the industry-leading.

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Chinese steel price index reflects stable market situation – 20 May, 2011

The Chinese Long Product Price Index CLPPI went up by 1 point on May 19th 2011 whereas the Chinese Flat Products Index CFPPI dropped by 1 point. The overall price index CHISPI remained stable on may 19th 2011. Class 18-May 19-May Change % CLPPI 7632 7633 1 0.0% CFPPI 7678 7677 -1 0.0% CHISPI 7658…

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Steel Painting pipe to Combat essential oil and gasoline Pipeline Corrosion

DUBAI, United Arab Emirates (UAE) — The Dow substance company – a mind in science and technology, has introduced a brand brand new top-coat and adhesive polyolefin provides for three-layer metal pipe coating systems. DOW HDPE12110G, a dark huge density polyethylene (HDPE) top-coat material, and AMPLIFY GR 320 sensible Polymer, a grafted adhesive resin will…

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More than 70% urban property market turnover shrinking dramatically which affect 50 industry such as steel pipe

    Last week, in the 35 cities of Chinese index academy’s monitoring, 26 city property market turnover drop year-on-year, more than seventy percent city property market turnover drop year-on-year, seven cities fell more than 50%. Among which Changsha has the largest drop of 76.43% year-on-year. In the key city, shenzhen has the biggest drop…

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Hot-rolled prices up and down dilemma

September is about to leave, due to insufficient purity, at first glance, a bleak market conditions, business undered heavied depression. Recent international financial market violent shocks, hot rolling downstream demand downturn has not changed, a situation of electronic dish sharply descreased….. All this makes the significant increase in market panic, therefore, around the country showing…

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