Baoshan Iron & Steel Co plans to commission a new 400,000-ton-a-year heavy plate line this month, hoping that one of its most profitable businesses can offset weaker sectors hit by the economic slowdown.
This will bring its annual capacity in Shanghai to 1.8 million tons for heavy plates, used mainly in shipbuilding, ocean industries and energy [...]
Baosteel Group Corp., China’s biggest steelmaker, is facing its “most difficult” period since its founding 30 years ago as global economies grapple with a slowdown and credit crisis, an executive said.
Baosteel’s output, sales and profit has plunged, and the company should cut capital expenditure, General Manager He Wenbo said in the Shanghai-based company’s regular newsletter.
Tags: [...]
China Steel Corp, Taiwan’s largest maker of the metal, is to cut prices by an average 23 percent for domestic customers, its first cut in almost three years, after a reduction in demand.
Prices of hot-rolled coil, a benchmark product, will drop by an average NT$7,840 (US$236) a metric ton, the company said yesterday. The reduction [...]
Baoshan Iron and Steel Co Ltd (Baosteel), the country’s largest steelmaker, has cut sale prices of its main products for December by as much as 1,000 yuan, making it the fourth such reduction this year.
In a notice to customers, the listed unit of the country’s largest steelmaker said it is reducing prices on five categories [...]
Baosteel Group, China’s largest steel producer, will follow other steel giants in cutting its output in December due to sagging demand and falling steel prices, the China Securities Journal reported on Tuesday.
The newspaper quoted an unnamed industry expert as saying Baosteel would prolong the maintenance of its blast furnace in Baoshan District of Shanghai, which [...]
Baosteel Group, China’s largest steel producer, will follow other steel giants in cutting its output in December due to sagging demand and falling steel prices, the China Securities Journal reported on Tuesday.
The newspaper quoted an unnamed industry expert as saying Baosteel would prolong the maintenance of its blast furnace in Baoshan District of Shanghai, which [...]
