Tag: china

E United Group will budget TWD 10 billion to build a nickel-iron alloy plant in Ningde of Fujian province in China.

POSCO is now the world’s No. 2 stainless steel producer, after expanding the capacity of its Chinese stainless steel JV. The company also intends to list the JV in Hong Kong or Shanghai after 2013. Zhangjiagang Pohang Stainless Steel (ZPSS) has completed construction on additional facilities

Zhangjiagang Pohang Stainless Steel (ZPSS), POSCO`s stainless steel production subsidiary in China, became the first foreign company in China to establish a 1 million-ton steel production line in the country.

After an assessment conducted by Industrial Minerals, results have shown that the price of heavy rare earth elements (REE) has more than doubled over the last two weeks. Dysprosium oxide, used in magnets, lasers and nuclear reactors, has increased from a level of USD 700-USD 740/kg, to a top level of USD 1470/kg.

According to new full-year figures from the International Molybdenum Association, the global use of molybdenum has rocketed to a new high of 474 million lbs, exceeding the peak use of 470 million lbs in 2007. China had the greatest demand for molybdenum in 2010;

BUTTING has officially opened their new 130,000m² production centre in Tieling, China. The opening took place in the presence of the regional party chairman, the managing directors of BUTTING, Mr. Hermann Butting and Mr. Markus Bartsch, and the managers of BUTTING China

Dongfeng Shipbuilding Co. has begun construction on a new stainless steel sheet production line in the city of Wulanchabu in Inner Mongolia, China. The USD 1.19 billion project has a designed annual capacity of 1 million mt.

Yieh United Steel Corporation will spend TWD 3.58 billion to install a new stainless continuous pickling, annealing, and cold rolling production line at its China production base. Designed to produce 700,000tns, the new production line is designed to increase the company’s cold rolled capacity to 2.1 million tns from the current 1.4 million tns. The new line is scheduled for completion in 2013.

PetroChina has begun laying a pipeline that will send crude oil from northwestern China and Kazakhstan to feed its new refinery currently under construction in southwestern Sichuan. The pipeline is scheduled to commence operation in 2012 and will wind 878km from Lanzou city to Pengzhou city in Sichuan.