News and Trends

News and Trends

  • In the first five months, China's state-owned enterprises achieved a profit of 830.1 billion yuan, a year-on-year decrease of 10.4%2025-06-10

    & nbsp & nbsp& nbsp& nbsp& nbsp& nbsp& nbsp& From January to May 2012, the economic operation of state-owned and state-controlled enterprises in China (hereinafter referred to as state-owned enterprises) included in the scope of this month's report showed a slowdown in the growth rate of total operating income and payable taxes, while the realized profits continued to decline. 1、 Main Economic Benefit Indicator (1) Total Operating Revenue. From January to May, state-owned enterprises achieved a total operating revenue of 161943.2 billion yuan, a year-on-year increase of 11.3%, and a month on month increase of 3.7% in May compared to April. (1) Central enterprises (including central management...)

  • The first phase of the tiered electricity pricing plan in five provinces and cities will not see an increase in electricity consumption2025-06-10

    & nbsp & nbsp& nbsp& nbsp& nbsp& nbsp& nbsp& Beijing: No price increase for electricity consumption within 2880 kWh per year. The Beijing Municipal Development and Reform Commission has recently announced the implementation of a tiered electricity pricing policy, which will be implemented for residential electricity consumption starting from July 1st. After the implementation of tiered electricity pricing, the monthly electricity consumption of Beijing residents is divided into three levels, and the electricity price increases in each level. The first level of electricity is a monthly electricity consumption not exceeding 240 kilowatt hours (kWh), covering 83% of residential users, and the electricity price remains at the current level. Provide free electricity consumption of 15 kilowatt hours per household per month for urban and rural "low-income households" and rural "five guarantee households". The second level of power is 241-400

  • Ministry of Land and Resources: Newly established mines cannot be approved if they do not meet the green mining standards2025-06-10

    & nbsp & nbsp& nbsp& nbsp& nbsp& nbsp& nbsp& According to a report by China National Radio, the Ministry of Land and Resources stated on the 14th that newly established mines that do not meet the green mining standards will not be approved. Dong Zuoji, Director of the Planning Department of the Ministry of Land and Resources, introduced that national level green mines have established nine conditions, including legal mining, environmental protection, and land reclamation. During the 13th Five Year Plan period, China is expected to achieve the development goal of establishing a basic pattern of green mines. Dong Zuoji stated that by 2015, more than 600 pilot mines will be built, forming a standard system and supporting policy measures; From 2015 to 2020, we will comprehensively promote the pilot experience and achieve great success ..

  • Latest News on Baosteel Zhanjiang Project2025-06-10

    & nbsp & nbsp& nbsp& nbsp& nbsp& nbsp& nbsp& Baosteel Zhanjiang Iron and Steel Co., Ltd. was established on May 25, 2011 at Jinhai Hotel in Zhanjiang, Guangdong Province. Baosteel Zhanjiang Iron and Steel Co., Ltd. was established on March 17, 2008 with the approval of the State Council to carry out preliminary work for the environmental relocation project of Guangzhou Iron and Steel. The National Development and Reform Commission also requires Baosteel to merge and restructure Shaogang Group (hereinafter referred to as "Shaogang") and Guangzhou Iron and Steel Group (hereinafter referred to as "Guangzhou Iron and Steel"), establish a new company under Baosteel Holdings, and eliminate 10 million tons of outdated steelmaking capacity in Guangdong Province in conjunction with the construction of the Zhanjiang Iron and Steel Project ..

  • Steel dynamics in Fangchenggang, Guangxi2025-06-10

    & nbsp & nbsp& nbsp& nbsp& nbsp& nbsp& nbsp& On the morning of March 12th, Fangchenggang City held a plenary meeting of the overall command center for the promotion of steel, nuclear power, and Jinchuan projects. Xi Yang, member of the Standing Committee of the Municipal Party Committee and Executive Vice Mayor, Xu Zheng, member of the Standing Committee of the Municipal Party Committee and Secretary of the Political and Legal Affairs Commission, and Zhu Haiyan, Deputy Director of the Standing Committee of the Municipal People's Congress, attended the meeting. At the meeting, Zhu Haiyan read out the "Notice of the Communist Party of China Fangchenggang Municipal Committee and Fangchenggang Municipal People's Government on Adjusting the General Command for the Promotion of Steel, Nuclear Power, and Jinchuan Projects in the City". The owners of the "three major projects" reported on the progress of the projects and their investment plans for 2012. The leader of the command center for the preliminary work of the "Three Major Projects" ..

  • State owned Assets Supervision and Administration Commission plans to merge China Steel Group into Minmetals Group as a whole2025-06-10

    & nbsp & nbsp& nbsp& nbsp& nbsp& nbsp& nbsp& According to sources familiar with the matter, the State owned Assets Supervision and Administration Commission (SASAC) has basically finalized the merger of the struggling China Steel Group into Minmetals Group, but this plan still requires approval from the State Council. China Steel Group will pay the price for its previous impulsive expansion. Insiders recently revealed to the First Financial Daily that the State owned Assets Supervision and Administration Commission has basically finalized the merger of the struggling China Steel Group into Minmetals Group as a whole, but this plan still requires approval from the State Council. A former senior executive of China Steel Group told this newspaper that the asset structure of China Steel Group is similar to that of Minmetals Group, and if necessary ..

  • National Development and Reform Commission: New batch of steel projects based on reducing production capacity2025-06-10

    & nbsp & nbsp& nbsp& nbsp& nbsp& nbsp& nbsp& NBSP New Beijing News (Reporter Zhong Jingjing) Yesterday, the National Development and Reform Commission disclosed on its official website that the steel projects approved by the commission in Zhanjiang, Guangdong and Fangchenggang, Guangxi are both planned steel projects. The construction of these projects is based on the premise of reducing steel production capacity, in order to promote the structural adjustment of the steel industry. On May 25th, the official website of the National Development and Reform Commission revealed that it had approved three major steel projects, namely Fangchenggang in Guangxi, Zhanjiang in Guangdong, and Qiangang in Shougang. The total investment in the two steel bases, Fangchenggang in Guangxi and Zhanjiang in Guangdong, has exceeded 130 billion yuan. Zhanjiang Mayor Wang Zhongbing held it in his hand ..

  • The National Development and Reform Commission approved over 100 projects in one day to release water2025-06-10

    & nbsp & nbsp& nbsp& nbsp& nbsp& nbsp& nbsp& NBSP approved over 100 projects in a single day, concentrated in clean energy fields such as transportation and hydropower stations. According to a report by Huaxia Times, the executive meeting held by the State Council on May 23 sent a clear signal: to launch a batch of major projects that are of great significance to the overall situation and have strong driving force. This is the third time that a major project has been mentioned at the State Council level. On May 25th, the China Securities Regulatory Commission issued a document supporting the listing and refinancing of private enterprises, encouraging private capital to participate in securities firms, and injecting blood into economic development. In addition, the Ministry of Railways has just announced that it has obtained 2 trillion yuan in bank credit, which is a new round of stimulus investment ..

  • The scale of overcapacity in China's steel industry may continue to upgrade2025-06-10

    & nbsp & nbsp& nbsp& nbsp& nbsp& nbsp& nbsp& Recently, the National Development and Reform Commission announced on its official website that it has approved three major steel projects: Fangchenggang in Guangxi, Zhanjiang in Guangdong, and Qiangang in Shougang. Among them, the total investment of the two steel bases, Fangchenggang in Guangxi and Zhanjiang in Guangdong, has exceeded 130 billion yuan. The author remembered the picture of Zhanjiang Mayor Wang Zhongbing holding the approval document with a deep kiss and ink fragrance, which left a deep impression. However, it remains unclear whether these newly approved steel projects are aimed at controlling production capacity or high-level redundant construction? External opinions vary. As for production capacity, we know that China's steel production capacity is still high ..

  • ArcelorMittal launches' double punch 'attack in China2025-06-10

    & nbsp & nbsp& nbsp& nbsp& nbsp& nbsp& nbsp& On June 27th, ArcelorMittal, the world's largest multinational steel company, announced that it will establish a joint venture with Valin Group and Valin Pipeline (000932) to establish Valin ArcelorMittal Automotive Plate Company, once again launching a strong attack on the Chinese market. Valin Pipeline will own 34% of the shares in the new joint venture, while ArcelorMittal and Valin Group will each own 33% of the shares. The establishment of a new joint venture still requires final approval from relevant departments in China. In addition, ArcelorMittal will also cooperate with China Eastern Group (00581. HK) in the production of H-beams ..