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Dong Ling is the largest steel trader and zinc manufacturer in Western China. It declared bankruptcy in late July 2024 as a result of slowing sales of rebar and weaker steel prices due to a slowing real estate market in China. It is unclear if the bankruptcy is for reorganization or for going out of business. [1]
By 2008 raw materials such as Iron ore prices grew and China had to reluctantly agree to price increases by the three largest iron ore producers in the world; BHP, Rio Tinto and Vale. [4] During the 2007–2008 financial crisis , the Chinese steel mills won price reprieves as demand from their customers slowed.
The steel mill was one of the largest sources of pollution in Beijing, and discussions to relocate it began in 2004 and continued off and on thereafter. [ 4 ] : 49 The mill was relocated to Caofeidian District in Tangshan over the period 2005 to 2010, [ 4 ] : 49 with the old site in Beijing being turned into Shougang Park . [ 8 ]
These prices are more an indication than an actual exchange price. Unlike the prices on an exchange, pricing providers tend to give a weekly or bi-weekly price. For each commodity they quote a range (low and high price) which reflect the buying and selling about 9-fold due to China's transition from light to heavy industry and its focus on ...
In 2008, 2009, 2015 and 2016 output fell in the majority of steel-producing countries as a result of the global recession. In 2010 and 2017, it started to rise again. Crude steel production contracted in all regions in 2019 except in Asia and the Middle East. India is the 2nd leading producer of iron and steel industries. [citation needed]
Taiwan's defence ministry raised the alarm on Thursday about a renewed surge of Chinese military activity around the island and live fire drills, accusing Beijing of policy instability that ...
AMSTERDAM (Reuters) -China remains an important growth market for French-Italian semiconductor STMicroelectronics, despite increasing U.S-China tensions over semiconductors, the company's chief ...
The company operated Shougang Group's first steel plant in Shijingshan District.The plant closed in 2009. [2] On 23 April 2015 Beijing Shougang Limited acquired 51% stake of "Jingtang United Iron and Steel" from the parent company, a steel plant in Caofeidian District, Tangshan, Hebei Province, for 9.718 billion RMB cash, plus the 100% stake of a division in Guizhou Province.