Deng Qilin, president of China Iron and Steel Association (CISA) as well as the general manager from WISCO pointed that CISA hoped to conclude the iron ore price specially for China rather than follow the price signed by other Asian steel enterprises and international mines.

CISA and relevant departments are studying how to control the excessive
imported iron ore and strengthen the management of import licenses.

Deng Qilin showed that the contract signed by China and three major
mines should come into effect from annual January 1 and next year’s
talks would be also led by CISA. Li Yizhong, minister from MII said in
the annual conference of International Steel Association that presently
the manufacturing enterprises and traders qualified the iron ore import
reached 112, so MII and Ministry of Commerce are trying to reduce the
licenses further. The insider of industry claimed that the first batch
of enterprises that were removed licenses was 10, but the detailed list
was still unknown.

Source: MetalBiz

Search to find what you want

• Stocks in China, prices of steel products in Q4 result: CISA warns

    China could see a drop in steel products price on the domestic market in the fourth quarter due increasing stockpiles of rolled steel and billet, warned the China Iron & Steel Association (CISA) Tuesday.

• CISA: iron ore negotiations will normally

    The 2010 iron ore pricing negotiation between Chinese steel producers and ore giants are going on in a “normal and natural” manner, Beijing Morning Post cited Deng Qilin, vice chairman of China Iron and Steel Association (CISA) and general manager of Wuhan Iron & Steel Group (Wugang). Deng’s words scotched

• CISA: iron ore is no capacity for increase

    Luo Bingsheng, executive vice president from China Iron and Steel Association (CISA) said in the world steel conference that “China’s excessive imports of iron ore reached about 50mln tons, therefore, the price is no space for rising”. The data from Customs indicated that China’s imported iron ore was 405mln tons around

• CISA: iron ore import price proposal or to

    The head of the China Iron and Steel Association (CISA) has refuted previous media reports that the National Development and Reform Commission rejected its proposal to unify the iron ore import price, the Beijing Times reported today. CISA chairman Shan Shanghua said the association is still pushing for a unified price

• Small and medium-sized Chinese steel mills more

    China Metallurgical News reported that recently Q2 economic climate index has been released by www.ce.cn and National Bureau of Statistics of China posting at a lower level. Mr Lixinchuang executive VP of CMIPRI said that the small and medium sized steel enterprises presented a better performance than the large ones this year. Mr

• Small and medium-sized Chinese steel mills more

    China Metallurgical News reported that recently Q2 economic climate index has been released by www.ce.cn and National Bureau of Statistics of China posting at a lower level. Mr Lixinchuang executive VP of CMIPRI said that the small and medium sized steel enterprises presented a better performance than the large ones this year. Mr

• Small steel producers more profitable, but less sustainable

    According to statistics released by the China Iron and Steel Association (CISA), in the first half of 2009, 71 large and medium-sized steel enterprises achieved revenue of 955.03 billion yuan from their main business, down 28 percent year-on-year; their profits totaled 1.73 billion yuan, down 98 percent year-on-year. In contrast, some

• China 2009 crude steel production estimated at 600 million tonnes, association top

    China would produce 600 million tonnes of crude steel this year, far higher than last year’s 500 million and this year’s target output of 460 million, said the China Iron and Steel Association (CISA). China’s daily crude steel output remained at a high level in the first 10 days of

• Iron ore price negotiations – CISA sees 10pct hike in 2010

    Metal Biz reported that while analysts forecast a boosted steel demand in 2010, the China Iron & Steel Association also sees a 10% rise in 2010 to 2011 fiscal year’s iron ore contract prices, as steel production will need more iron ore. According to analysis from officials of CISA, China

• The deadlock of Sino-Australian iron ore negotiations in domestic steel mills led to losses

    Some research institutes said that the effort made by China to ask Australian ore makers to reduce more price did not benefit domestic steel mills, instead lift their purchasing cost. China hopes to get more beneficial price from Australian manufacturers, but its efforts backfired. The body pointed out that some steel mills

• CISA: iron ore price negotiations still in progress

     China is still in talks with the world’s major iron ore firms for the annual supply deal, Friday’s Shanghai Securities News reported, citing Shan Shanghua, secretary-general of the China Iron & Steel Association (CISA).  CISA demands all steelmakers around the country accept one unified iron ore import price once the price

• CISA: iron ore price negotiations still in progress

     China is still in talks with the world’s major iron ore firms for the annual supply deal, Friday’s Shanghai Securities News reported, citing Shan Shanghua, secretary-general of the China Iron & Steel Association (CISA).  CISA demands all steelmakers around the country accept one unified iron ore import price once the price

• RPT-China steel group says on ore imports disability

     The China Iron and Steel Association (CISA), the de facto negotiator for the country’s steel mills in annual term iron ore price talks, said on Friday that excess iron ore imports are a serious hindrance in the talks.  CISA, the country’s steel industry group, expects the country’s crude steel production to

• CISA says speculation on iron ore imports should be punished

    Deng Qilin, president of the China Iron and Steel Association (CISA) and also general manager of Chinese steelmaker Wuhan Iron and Steel Co. (WISCO), stated on February 6 that efforts would be made to strengthen discipline in China’s iron ore importing activities so as to improve China’s efforts at the

• Profit in China steel companies to take 20 billion yuan in July

     Chinese steel mills’ profit in July is expected to exceed 20 billion yuan (2.93 billion U.S. dollars), as the monthly growth of steel prices rose to an eight-year high, analysts said Monday.  Steel prices jumped in July, prompting profit in steel enterprises to expand, according to Xu Xiangchun, chief analyst with