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BEIJING - The yuan appreciation is likely to have a negative impact on the steel industry in the short term despite lowering the import costs for iron ore, industry experts said on Tuesday. "A stronger yuan would give Chinese steelmakers greater purchasing power for raw materials due to lower import costs," said Zhang Lin, a senior analyst with Beijing-...
The Toronto G20 Summit has ignored warnings over trade finance and taken an inadequate approach to the Doha Round of trade negotiations, threatening the global economic recovery. In a statement issued today, the International Chamber of Commerce (ICC) secretary-general Jean Rozwadowski said despite the G20's recognition at previous summits of the major...
HONG KONG: China Metal Recycling, the largest scrap-metal recycler in China, plans to list on the Shanghai stock exchange by as early as 2013, the South China Morning Post said on Monday. The company's plans were still at an initial stage, Chairman and Chief Executive Jacky Chun said at a media briefing, according to the paper. "We are looking for an A...
China Mobile, the world's largest mobile-phone carrier, is looking for acquisitions in Africa but does not have any targets at the moment, its chief executive told Reuters on June 26. The company would be willing to take either a minority or majority stake in a local African operator, Wang Jianzhou said on the sidelines of the Fortune Global Forum in C...
CHONGQING - The Chinese mainland and Taiwan are set to sign a historical trade pact on Tuesday afternoon, a significant step to bring economic ties closer and usher in a new era for the development of cross-Straits relationships. Chen Yunlin, president of the Beijing-based Association for Relations Across the Taiwan Straits (ARATS), welcome...
BEIJING - China said Monday it would impose anti-dumping duties on certain iron or steel fasteners imported from the European Union (EU) beginning Tuesday. "China decided to impose anti-dumping duties ranging from 6.1 percent to 26 percent on imports of certain iron or steel fasteners from the EU," said a statement on the official website of...
China's exports after June or July may feel the effect of the European debt crisis, China Business News reported Zhao Jinping, a researcher at State Council's development and research center, as saying. The Asian country's foreign trade will maintain growth of about 20 percent this year, the newspaper cited Huo Jianguo, a researcher at the commerce m...
BEIJING -Hebei Iron and Steel Group is in discussions with Atlas Iron Ltd for a stake in the Ridley magnetite project in Western Australia, sources familiar with the matter said on Monday. "Hebei Steel does not have any overseas mining resources and is looking at the Ridley project in Australia to bolster its iron ore supplies," said the source. The...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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