Taiwanese coating steel mills cautious about steel market in next Q1

The oversupply problem has made the Taiwanese coating steel mills worry about the steel market in the first quarter of next year even though some market participants expect the demand might become better next year.

Chinese domestic HR steel price on December 14

Chinese steel output growth in 2012 likely to be lowest since 2000

China is expected to witness 723 million tonnes of crude steel output this year, only a 3% YoY, lowest growth rate since 2000

Sinopec Adds Nigerian Prize to African Cache

An oil field off the Nigerian coast with substantial reserves and potential risks has become the latest foreign prize scooped up as part of China Petrochemical Corp.'s African expansion campaign.

Shougang Jingtang develops DP780 auto grade sheets

It is reported that Shougang Jingtang has successfully rolled high strength DP780 auto sheet, marking that this steel mills has the capability of producing high grade auto sheet and joined the army of advanced auto sheet producers. Source - www.steelhome.cn/en China steel information centre and industry database (www.steelguru.com)

China steel prices up 0.1% last week

According to Ministry of Commerce China steel price gained 0.1 percent in the week ending December 9, 2012 versus the previous week. Among them, both 12mm rebar and 6.5mm high speed wire rod increased 0.2% Source - www.steelhome.cn/en China steel information centre and industry database (www.steelguru.com)