Coke enterprises in Shanxi, the nation’s top coal and coke producer, are required to further cut production by 60-70 percent till June next year, after price plunged recently as the steel market remains weak, sources with Shanxi Coke Industry Association said recently.
Coke-making enterprises could limit production to the largest extent and even stop production, expect [...]
Copper fell by the exchange-imposed daily limit in Shanghai and headed for the largest weekly decline in a month as a global recession erodes demand for raw materials. The metal in London fell to the lowest in more than three years.
Crude oil plunged below $50 a barrel, sending the Reuters/Jefferies CRB Index of 19 raw [...]
Shanghai’s industrial production grew 3.8 percent in October from a year ago to 199.4 billion yuan (US$29.2 billion), the slowest expansion this year, the Shanghai Statistics Bureau said yesterday.
The rise was down from September’s 6.4 percent and August’s 9.2 percent and came against the backdrop of the global financial crisis which eroded production demand in [...]
China Shenhua Energy Co Ltd., a listed company of the nation’s largest coal producer Shenhua Group, said its commercial coal output in October reached 16.2 mln tons, growing 13.5 pct comparing with the same period of last year.
In a statement filed with the Shanghai Stock Exchange, the company said that it sold 19 mln tons [...]
Industrial enterprises each with an annual sales income of at least 5 million yuan (733,138 U.S. dollars) in the Chinese mainland posted a year-on-year growth rate of 14.4 percent in value-added output in the first 10 months this year, the National Bureau of Statistics said on Thursday.
The growth rate was 0.8 percentage points lower than [...]
Chinese steel makers, the largest producers in the world, may cut output by 20 percent next year even with China’s 4-trillion-yuan (US$586 billion) stimulus plan, Shougang Corp has said.
“The steel market needs time to recover even with the stimulus plan,” Shougang’s Chairman Zhu Jimin said on Monday at a conference. “No one can tell how [...]
