World Steel Association：china＇s steel use to go down 5%

China＇s apparent steel use, predicted to see a five percent decline in 2009, will lead the recovery for the whole world with a total steel use decline of 14,9 percent, the World Steel Association said here on April 27. The World Steel Association （Worldsteel）, which represents 180 steel producers, national and regional steel industry, forecasted that worldwide ap- parent steel use is expected to decline by 14.9 percent to 1,018.6 million metric tons （mmt） in 2009 after declining by 1.4 percent to 1,197 mmt in 2008.     

China steel association opposes Rio-BHP iron ore JV

A global iron ore oversupply, lower spot prices, and huge stockpiles in China＇s domestic iron ore market will improve the odds of Chinese steel mills in securing more cuts in its iron ore price negotiation with overseas suppliers, Du Wei, an Umetal analyst told Xinhua on June 4, China Iron and Steel Association （CISA） refused on May31 to accept the iron ore price cut between 33 percent and 44 percent reached between Rio Tinto and Japan＇s Nippon Steel Corp, and insisted on a price cut of more than 40 percent in the annual contracts of iron ore.     

Chinese equities edge down at midday with renamed steelmaker＇s tumble

Crude steel production in China, the world＇s largest steel maker, rose 14 percent to a record last year, further complicating this year＇s iron ore negotiations. Steel output rose to 568 million tons in 2009 from 500 million tons in 2008, the National Bureau of Statistics said in a statement on January 21.     

Chinese equities edge down at midday with renamed steelmaker＇s tumble

Crude steel production in China, the world＇s largest steel maker, rose 14 percent to a record last year, further complicating this year＇s iron ore negotiations. Steel output rose to 568 million tons in 2009 from 500 million tons in 2008, the National Bureau of Statistics said in a statement on Januarv 21.     

World＇s leading coal-based PP project to begin trial production next year in NW China

China＇s apparent oil consumption in the first seven months this year was down by 0.6 percent year on year, but at slower pace, according to the China Petroleum and Chemical Industry Association （CPCIA）.     

Australian gov＇t_approves China＇s Baosteel investment of Auuila

China could see a drop in steel products price on the domestic market in the fourth quarter due increasing stockpiles of rolled steel and billet, warned the China Iron ＆ Steel Association （CISA） on November 3.     

Steelmaker eyes ore stake

China＇s apparent consumption of crude steel is likely to reach 596 million tons this year, a year-on-year increase of 5.6 percent, according to a steel association official.     

Steelmaker eyes ore stake

China＇s apparent consumption of crude steel is likely to reach 596 million tons this year, a year-on-year increase of 5.6 percent, according to a steel association official.     

Small steel mills face ＂big＂ problems

China produced 49.37 million tonnes of crude steel in November, down 4.6 percent from October, according to preliminary figures from consultancy Custeel. But the November output was still up 40 percent compared with the same month last year, and the month-on-month dip is unlikely to allay government concerns that the sector is producing far more than the market needs. Custeel, affiliated with the China Iron and Steel Association, said total Chinese output from January to November is expected to reach 521.84 million tonnes, up 13 percent from the year-ago period.     

China＇s steel makers to continue price talks beyond deadline： CISA

The Hebei provincial government has grabbed the initiative to reform its steel industry to compete with the big boys, particularly Shanghai-based Baoshan Iron and Steel, or Baosteel. Hebei Iron ＆ Steel Group, the holding company controlled by the provincial government, is believed to have asked its unlisted and listed subsidiaries to work out the details of a merger plan.     

LISIA： flooding in China＇s products hurt indonesian steel industry

Indonesian Iron Steel Industry Association （LISIA） has proposed the Trade and Industry Ministry as well as Finance Ministry to postpone the duty free agreements to 2018 from the designed effective date of January 2010, saying the flooding in China＇s steel products would largely injure the country＇s steel industry. Meanwhile, the Indonesian government has imposed safeguard tax on imports of steel nails and wire from China and Malaysia. The duties will last for three years, applicable from 1 October to 30 Sept 2012, with the rate of 145%, 115% and 85% of import value for eachof three years.     

Rio Tinto arrests an “isolated”case

China＇s steel industry association said on July 31 that it plans this year to unify the spot and long-contract prices for the country＇s iron ore imports. It will also set a ceiling for charges levied by import trading firms, as part of an effort to regulate the market. The proposal was the top item of discussion at the steel industry body＇s twoday semiannual meeting, said Luo Bingsheng, deputy chairman of the China Iron and Steel Association （CISA）, at a press conference.     

New Trend Likely to Emerge in Steel Product Mix

China steel industry experiences swift growth in past several years, satisfying the development of national .economy by providing substantial long products for infrastructures and buildings construction and flat products for machine, ship and auto making. The flats output has been on the rise in the same period, while that of the longs has been on the decline. The capacity of HR and CR sheet plate and other high value added products swells and even exceeds market demand, as Mysteel （China＇s top indicates. Due to the economic steel information provider）＇s data downtown, industrial experts expect that a change in product mix is looming： more longs would be produced, but fewer flats would be.     

Auto：Booming Secondary and Third-Tier Markets

Slower growth
In 2008, China＇s auto output and sales growth has slowed, especially after the break of financial crisis. Auto industry revenue decreases because of declined export and slower domestic demand. Sharp decrease occurred to auto export, especially in the second half of last year. （See Chart 1）. China＇s car export amounted to 57,531 sets in the August, down by 18 percent compared to July, which is a rare monthly decline in recent years. In September, vehicle exports 49,600, with 13.77 percent chain drop and 15.70 percent year-on-year decline.     

China＇s textile industry output rises 10%

According to customs statistics, in 2009, China＇s textile and apparel exports amounted to US$171.332 billion, down 9.65 percent year on year, the industry＇s exports hovered at a low level of about 11 percent in the first 10 months, export decline narrowed 1.56 percentage points in November, but the recovery rate was slow. Export decline mainly concentrated in small enterprises.     

Sinosteel：Extraordinary Moves in Industry Chess

Among the Fortune 500 firms,more and more images from China emerge out.On the 2008 list,Sinosteel Corporation,a landmark group of China industries quietly squeezes into the candidate line.As the largest steel service ＆ trade enterprise,its sales reached at RMB 111.24 billion,with a year-on-year increase of 83.03 percent,and the profit grew by 180.03 percent.On the Sinosteel 2008 Work Meeting,the president Huang Tianwen uttered,＂In the coming year,we will work for US$20 billion sales,and look forward to getting a position in Fortune 500 firms for ourselves.＂     

An Overview of the Electronic Information Industry in 2008

With European, American and Japanese economies still in recession, external demand remaining weak, total revenues of China＇s electronic information industry witnessed a decline in the first four months of 2009, sliding 2.2 percent year-on-year, according to statistics released by China＇s Ministry of Industry and Information Technology on May 22.     

PC Market,Brighter in 2010？

Sharp reduction
Many Chinese PC producers＇ revenue has decreased greatly due to the influence of the crisis. Sales and profits witnessed a dramatically decrease in China＇s PC market. Lenovo, China＇s largest PC manufacturer, grew 17 percent in PC sales in the second quarter of 2008 in Greater China, declined by 8 percent from its first quarter, and the market share fell to 27.9 percent from 28.8 percent. Worse situation came across to other major PC producers. Founder, the second largest PC producer in China, decreased 11.36 percent year on year in PC sales volume. Similar decline happened to other peers in no exception.     

Chinese Demand for Gold Surges

Chinese demand for gold is surging and the annual demand in 2011 hit 761.05 tonnes (t).This amount is up 33.2 percent over the previous year according to recent data released by the China Gold Association. From gold jewelry to gold bars,Chinese demand for gold saw a boom in various fields in 2011.Among them,the consumption of gold jewelry amounted to 456.66t,a 27.9 percent increase over 2010.The consumption of gold bars increased to 213.85t,up 50.7 percent year on year and the consumption of gold coins hit 20.80t,up 25.2 year on year.The consumption of gold used in industry reached 53.22t,a 12.3 percent increase year on year.     

Conclusion of Survey on Current Conditions and Intention of Outbound Investment by Chinese Enterprises

Despite the challenging economic environment, Chinese overseas investment continued to grow in 2009.According to the data published by the Ministry of Commerce,outbound foreign direct investment (FDI) by Chinese enterprises amounted to 43.3 billion in 2009, a year-onyear increase of 6.5%. This growth occurred against the backdrop of a decline in global foreign direct investment by 30% ～40% compared to 2008.