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JSW Steel places $10M order for cranes
May 03, 2012
WMI Konecranes (India) has won an order to supply a total 21 heavy duty cranes to JSW steel worth Rs580M (US$10.8M).
CISA confident of sector-wide profit by end-H1
May 03, 2012
The China Iron & Steel Association (CISA) showed confidence in an industry wide turnaround by the first half of 2012 as profit returned in March as demand improved, amounting to a combined sector profit of RMB 1.77bn ($231M).
Chinese input costs rising
May 03, 2012
In 2011, production costs for Chinese steelmakers jumped 15% due to a combination of an increase in the resource tax on domestic ore and rising prices for fuel, say CISA.
Chinese exports grow in Q1 2012
May 03, 2012
China’s iron and steel sector has been facing severe challenges in the first quarter of 2012 as the sluggish demand and high raw material cost has continued weighing on the industry’s profitability since the beginning of this year.
Growth in Chinese steel consumption likely to be static for years
May 03, 2012
China’s iron and steel industry has entered a phase of excess production capacity resulting in gluts in production.
BMPCA meets in Sheffield
May 01, 2012