‘We must create large, globally-competitive steelmakers through further consolidation of the industry,’ said Luo Bingsheng, executive vice chairman and secretary general of the China Iron & Steel Association (CISA).
Market Analysis
China’s steel industry is among the world’s major industries and is registering the fastest growth rate not only in terms of production but consumption also [...]
JP Morgan announced in its report yesterday that “The Stimulus Package‿of Chinese government would help iron and steel demand to recover by the second half of year 2009.
It’s also predicted in the report that steel price would rebound from the bottom in the first quarter of next year.
Analysts indicated that present stage should be the [...]
China To Halt Ore Imports From Brazil Miner Vale -Report
Last Update: 9/26/2008 8:07:32 AM
RIO DE JANEIRO (Dow Jones)–China will halt imports of iron ore from Brazilian
mining giant Companhia Vale do Rio Doce (RIO) after the miner asked Asian
steelmakers to pay higher prices, according to a report by Web site Shanghai
Daily that cited the China Securities [...]
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