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＇s crude steel output, consumption to hit record high in 2009

Baostecl, China＇s biggest steel giant, has announced to raise steel prices for Jan productions on the eve of annual iron orc price talk, after it returns to the negotiating table as the representative of Chinese steelmakers. The price hike, a routine for the steelmaker, has provoked controversies, according to International Finance News report.     

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.     

China Coal Energy＇s coal output down 0.8% in Dec

Jiangsu Shagang Group Co, China＇s largest privatelyowned steelmaker, recently signed a strategic cooperation framework agreement with China National Coal Group, parent of the country＇s second-largest coal miner China Coal Energy Co Ltd, sources reported.     

China＇s Tough Road to Economic Recovery

A series of economic data recently showed that in the context of the global economic recession, China＇s economy may take the lead in recovery.     

China＇s auto import volume down 30% in first 5 months

China＇s Sichuan Tengzhong Heavy Industry Machinery Co Ltd, which is reported having reached a tentative agreement on purchase of General Motors （GM） Hummer brand last week, said it has the financial resources and expertise to clinch the bid, China Daily reported June 12.     

A Second Look at China＇s Overtaking Japan As the World＇s No 2 Economy

On August 16th, the Japanese Cabinet Office released a serial of data on the GDP growth of the second quarter. Just several days before that, nearly all the media around the world were abuzz with the news that whether China or Japan would claim as the world＇s No.2 economy.     

Challenges Ahead of China＇s Econom

This year＇s slowdown is consistent with the purpose of macro-control, spelling good news for inflation mitigation,economic restructuring, energy saving and emission reduction. For the first three quart...     

China＇s GDP to Grow by 10.5% This Year

China＇s gross domestic product （GDP） is estimated to rexceed RMB20 trillion （about US$2.56 trillion） this year, up 10.5% over 2005, said Ma Kai, minister ofthe State Development and Reform Commission （SDRC）, in Beijing on Saturday.     

Report： China＇s power use falls 3.63% in April

China＇s nuclear power capacity is expected to reach about 5 percent of the country＇s total power capacity by 2020, according to National Energy Administration （NEA） on June 1 at a press conference.     

Industry group： China＇s cotton planting area down 11.34% for 2009

Cllina is a major player in the clothing market for decades. As a member of WTO, China＇s sales haVe witnessed a dramatic increase. This is mainly due to the increased business from the west. When doing business with China,     

industry expert： China＇s steel exporters face grim export conditions

It is reported that the Sate Council decided to increase export rebate rate on steel products from April 1st. Insiders viewed it would reverse gloomy sentiment on export and lead steelmakers to ship out more stockpiles. However, most analysts predicted that it would hardly to boost steel price as oversupply still prevails in the market.     

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.     

Capacity of China＇s steel enterprises shift to oversea coliectively

China＇s booming auto market demand may push steel demand in the country by 12% this year, lifting the prices of iron ore, according to Bloombcrg report, citing an industry expert.     

APausefor China＇s Cement Industry

Cement industry suffers excess prod uction
With the advent of global financial crisis, the Chinese government has laid out a stimulus package on infrastructure construction. Driven by the investment spree, China＇s cement makers are flocking to expand output capacity, which is now leading the industry into a much-higher-thanneeded state.     

China＇s reUance on coat to drop 7% by 2015

China Petroleum and Chemical Corp. （Sinopec）, the nation＇s largest oil refiner, said July 20 that it processed 101.45 million tonnes of crude oil in the first half of 2010, up 16.74 percent year on year due to strong growth of the Chinese economy.     

China＇s PMI： 52.4% in March

The Purchasing Managers＇ Index （PMI） of China＇s manufacturing sector rose for the fourth straight month in March to 52.4 percent, up 3.4 percentage points from a month earlier, the China Federation of Logistics and Purchasing （CFLP） announced.