Global expertise a scarce asset for employers

China needs to attract more workers who are savvy and well-versed in the ways and culture of international business, experts say.

European steel industry in deep crisis - Report

It is reported that the European steel industry is in deep crisis. Several major corporations have already announced thousands of layoffs due to overcapacity and shrinking markets. The whole industry in Europe is being completely reorganized.

Chinese domestic steel Angle price on August 21

Steel & Tube Holdings profit up by 19pct FY

Steel & Tube Holdings, the steel building products firm whose majority shareholder exited its holding last October, posted a 19% gain in full-year profit, meeting estimates, as costs fell more than sales. The Lower Hutt-based company in a statement said that profit was USD 15.6 million, or 17.8% a share, in the 12 months ended June 30th from USD 13.1 million, or 14.9%, a year earlier. Sales fell to USD 393 million from USD 405 million. Profit of USD 15.3 million was expected, according to F

Chinese steelmakers raise prices for September delivery

Buoyed by robust transactions since July, the nation's leading steelmaker, Baoshan Iron and Steel Co Ltd (Baosteel), raised the ex factory price of hot rolled coils by CNY 150 (USD 24.5) per metric tonne for September delivery on Aug 13, and steel pipe stee lthe price of other major products was marked up by CNY 120 per tonne.

Steel news