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China steel, iron ore retreat again; volatility seen persisting

Steel and iron ore futures in China fell more than 4 percent on Tuesday, again recoiling after big gains in the prior session as Chinese steel producers boost output and exchanges keep a closer eye on commodity markets after recent ...

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China Steel Output Slumps to a One-Year Low as Prices Collapse

Steelmakers in China reined in production last month as prices collapsed and the onset of winter in the largest producer curbed demand already hurt by a cooling economy. Crude steel output fell 1.6 percent to 63.32 million metric tons from ...

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China steel, iron ore futures slip further on weak demand

Chinese steel rebar and iron ore futures both lost ground on Tuesday as traders worried about market prospects in coming months, with domestic demand still showing few signs of any seasonal improvement. Steel mills and iron ore miners are gathering ...

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China Steel pre-tax profit soars 54%

China Steel Corp, the nation’s biggest steelmaker, yesterday posted a 54 percent jump in pre-tax net profit on a consolidated basis for last month, a pick-up from a trough in July. Pre-tax profit soared to NT$346 million (US$10.58 million) last ...

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China Steel to move against dumping

China Steel Corp, the nation’s largest steelmaker, yesterday announced that it was preparing to lodge anti-dumping lawsuits against Chinese and South Korean peers to safeguard its interests. This would be the first anti-dumping lawsuit filed by local steelmakers after the ...

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China Steel Sentiment Index Stabilizes in September

Chinese steel market participants expect new steel orders during September to stay at similar levels to last month, though prices could soften slightly, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a headline reading of ...

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China Steel Eyes $300m Investment in Indonesia

Taiwan steel maker China Steel plans to establish a steel plant in Java or Sulawesi as part of its efforts to relocate some of its less profitable businesses out of the country to benefit from cheaper labor abroad. The company ...

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East China steel mills raise ferrous scrap prices for first time since Oct 2014

Steelmakers in eastern China raised their ferrous scrap buying prices Wednesday, the first increase since end-October 2014, following a rebound in rebar prices. China’s biggest scrap user Jiangsu Shagang Group raised its buying price by Yuan 100/mt ($16/mt), a company ...

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Slide in China steel snuffs iron ore rally, revives glut worries

A slump in Chinese demand for steel has poured cold water on a rally in iron ore this month, with prices for the raw material likely to drop over the rest of the year, traders and analysts said. Iron ore ...

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‘Worst Is Over’ for China Steel Sector as Supply Constrained

China’s steel industry will improve as supply is constrained by fewer capacity additions, closing of polluting plants and a strong export outlook, according to Argonaut Securities (Asia) Ltd. The world’s largest steel producer will also see demand accelerate in the ...

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