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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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Increase of U.S. sheet prices causes import market high pressure

   The US steel launched a new round price increases for sheet,   but the market for imported concerns intensified.     In the sheet, the U.S.sheet steel market raised the bottom prices. After the first three price increases, U.S.sheet steel market stalled for several weeks and then steel mills launched a new round of steel price increases last week, the range of 20-25 U.S. dollars / short ton, to prevent steel prices…

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July 6th, Material Shaped price weakness downing in Zibo market Shandong China

Zibo News: On the beginning of July 6th , Zibo market the price of big & small shaped profiles is slightly dropping in Zibo market, Shandong China .Market transactions of which is in general condition & low inventory.And part of the specification is incomplete.  As of press time, H-beam : the small size quoted in the RMB4590-4740 / ton, large size…

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the Shanghai Petroleum Steel Pipe Co., Ltd. Tempo pipe production line put into production for the domestic market

Recently, the Shanghai Petroleum Steel Pipe Co., Ltd. Tempo pipe production line put into production for the domestic market has added a new pipe.       The company was founded in 2002 by Shenyang Tempo Petroleum (Group) Materials and Equipment Co., Ltd., China Petroleum Pipeline Bureau, Pujiang Town, Minhang District, Shanghai Assets Management Co., Ltd. joint venture to build the first domestic ERW pipe production and processing base. Tempo Petroleum pipe production line put into operation, indicates that China ERW pipe manufacturing standards and technology has entered the ranks of the world’s advanced industry.        ERW Steel pipe is a high-frequency straight seam resistance welding pipes, acronym for the ERW, used to transport oil, natural gas and other gas-liquid objects, to meet the high and low demands present in the world’s transportation sector accounts for a significant tube position specializes in the production of steel Ontrend Industrial Limited main products are Tinplate,H BEAM IPE IPEAA, etc., the goal is to give all our customers enjoy the “good quality, better price, best service” 

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