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Chinas Baosteel says Beijing to cap steel output this year
Mon, 04 Sep 2023 00:00:00 GMT
China will continue to cap steel output this year, the general manager of state-owned Baosteel 600019.SS said on Thursday, confirming the continuation of a two year old zero-growth policy designed to limit carbon emissions from polluting steel mills. Beijing has not said it would continue to cap steel output this year, raising questions about whether the policy would be dropped to help support the flagging economy. Speaking during a briefing on its first-half earnings, Baoshan Iron &

7 lessons for succeeding in metal fabricating
Fri, 11 Aug 2023 07:00:00 GMT
The founder and owner of Wisconsin-based Pro Metal Works shares some business lessons that have helped him build a metal fabrication shop with $19 million in annual

Chinas steel association proposes cancelling night trading of ...
Thu, 03 Aug 2023 00:00:00 GMT
The state-backed China Iron and Steel Association (CISA) has proposed cancelling the night trading of futures products, according to an update on the associations WeChat account. Although it did not give an explicit reason, the proposal follows a study on the market impact of futures on the steel industry and how to improve the mechanism by which market prices are formed. The association also proposed the prudent promotion of new product launches and the enhancement of the joint supervision

Metal fabrication shop adds two tube laser cutting machines with ...
Tue, 18 Jul 2023 10:50:00 GMT
If nimbleness is the key to survival for job shops looking to provide quick turnaround times, capital investments must follow. With the addition of two more tube lasers, Wisconsin-based Sharpe Products is making the most of that manufacturing

Metal fabricator finds flexibility in its bending department ...
Mon, 19 Jun 2023 09:50:00 GMT
Wisconsin-based metal forming and fabrication company Kapco finds success with two collaborative robots in front of two 40-ton press

Fortescue partners with world's largest steel maker to reduce ...
Wed, 14 Jun 2023 00:00:00 GMT
Fortescue, one of the worlds largest and lowest cost iron ore miners, has entered into a Memorandum of Understanding (MoU) with China Baowu Steel Group Corporation (China Baowu) to work together on reducing emissions associated with iron and steel

China steel body seeks speedy change to scrap standards
Thu, 18 May 2023 00:00:00 GMT
The government-backed China Iron and Steel Association (CISA) on Tuesday debated how to speed up the revision of standards for steel scrap to boost imports, the industry association said on its WeChat account on Wednesday. China has said it will increase steel scrap use in steelmaking to try to reduce reliance on iron ore imports and also cut carbon dioxide emissions. The worlds largest steel producer, with more than 70% of iron ore supply from abroad, has a target to reach peak carbon

Baosteel sees Chinas 2023 steel output flat to lower vs last ...
Sat, 29 Apr 2023 00:00:00 GMT
Chinas biggest listed steelmaker, Baoshan Iron & Steel Co 600019.SS, expects the countrys 2023 crude steel output to be flat or slightly lower than last year, an executive said on Friday, in line with broader market expectations. Chinas huge steel market is waiting for official confirmation that Beijing will continue a mandate started in 2021 to cap steel output to help it meet emissions goals. The comments on output were made by chairman Zou Jixin during a briefing after the release

China Q1 steel demand better than expected, says industry group
Thu, 27 Apr 2023 00:00:00 GMT
Chinas first-quarter steel demand grew 1.9% from a year earlier, more than expected, an industry group said on Wednesday, countering market views that weak demand has been a key reason for falling prices. Apparent steel consumption reached 243.42 million tonnes during the first three months, officials from the China Iron and Steel Association (CISA) said in a quarterly briefing, as the worlds No. 2 economy lifted tough COVID curbs that had hampered construction activity. The demand is

Number of Baosteel company news reports: 9
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