[Ferro-Alloys.com]Coal overcapacity slashed 15pc in the past two years, while that in iron and steel has been cut 10-15pc after successful government-led supply side reforms
[Ferro-Alloys.com]China's crude oil imports rose 19.4% on the year to a historic high of 40.64 million mt, or 9.61 million b/d, in January, rebounding from December, preliminary data released Thursday by the General Administration of Customs showed.
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[Ferro-Alloys.com]Mexican domestic steel producers have raised their prices for hot- and cold-rolled sheet by around 3% for February deals, according to market sources.
[Ferro-Alloys.com]The net profit attributable to equity holders for 2017 will increase by an amount between
Rmb1.7 billion and Rmb1.9 billion, representing an increase between 170.33% and 190.37% as
compared with 2016.
[Ferro-Alloys.com]Hong Kong-listed China Molybdenum expects group net profit for 2017 to increase by as much as 1.70 billion yuan ($268.8 million) to 1.90 billion yuan, nearly tripling its net profit year-on-year.
[Ferro-Alloys.com]The miner issued a market update Friday citing a 60% price increase in molybdenum since its 2016 price of US$6.70, recently topping US$11.00 per pound -- a level not seen in four years.