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China Steel News. Service for global professionals. Constantly updated news and information about China.
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  • US moves to place new duties on steel from China 1 Jan 2010 04:34 GMT
    ... is imposing new duties on imports of steel pipes from China, the latest sign of trade tensions between ... will affect about $2.8 billion worth of Chinese imports. A group of U.S. steelmakers and the ...

  • A decade of news: Property taxes, hospital sale, steel, economy are top stories in Duneland 1 Jan 2010 04:33 GMT
    ... The Top 10 new storys of the decade in ... in crisis for the domestic and regional steel industry. The problem was not simply depressed ... spurred by high prices and an insatiable Chinese appetite for steel, the bottle falls out of ...

  • China denounces U.S. trade ruling on steel pipes 1 Jan 2010 05:11 GMT
    ... Post Staff Writer Friday, January 1, 2010 BEIJING -- China condemned on Thursday a U.S. agency ruling ... U.S. International Trade Commission's Wednesday ruling that Chinese subsidized imports had harmed or threaten to ...

  • US to impose duties on Chinese steel pipes 1 Jan 2010 00:12 GMT
    ... States has ratcheted up trade tensions with China by saying it will slap penalty duties on imported Chinese steel pipes to offset state subsidies -- ... state subsidies -- a move slammed by Beijing. The US International Trade Commission (ITC) issued ...

  • Top 10 Pittsburgh business stories of 2009 1 Jan 2010 05:35 GMT
    ... 30,000 jobs. Major corporations such as U.S. Steel Corp., Allegheny Technologies Inc., Alcoa Inc. and Kennametal ... plant, because of the global recession. The steelmaker plans to replace two 50-year-old coke batteries ... nuclear power plants it will build in China. Chrysler gives termination notices to 19 Western Pennsylvania ...

  • China slams US duties on steel pipes 1 Jan 2010 01:47 GMT
    ... duty decision, also the largest case against China worth $2.8 billion, will further escalate trade ... to 15.8 percent on the import of steel pipes from China, which was proposed by ... case that the US has initiated against Chinese products, and comes three months after President Barack ...

  • China slams US duties on steel pipes 2010-01-01 07:52 1 Jan 2010 02:52 GMT
    ... MOFCOM 'resolutely opposed' to trade protectionist measure China yesterday decried a US decision to impose ... ranging from 10 to 16 percent on Chinese steel pipes, the biggest US trade case to ...

  • Duties target China steel 1 Jan 2010 04:32 GMT
    ... is imposing new duties on imports of steel pipes from China, the latest sign of trade tensions between ... will affect about $2.8 billion worth of Chinese imports. A group of U.S. steelmakers and the ...

  • China criticizes US anti-dumping duties on pipes 1 Jan 2010 08:23 GMT
    ... BEIJING (AP) -- China on Thursday criticized a U.S. decision to ... U.S. decision to slap antidumping duties on Chinese-made steel pipes, demanding that Washington reverse the ...

  • BR-Prep-Business Report 1 Jan 2010 10:21 GMT
    ... 460-thousand that economists expected. (The Associated Press) (US-China-US-Trade) China is criticizing a U-S decision to ... U-S decision to slap antidumping duties on Chinese-made steel pipes. The Commerce Ministry is calling on ...

  • Asia Free-Trade Zone Raises Hopes, and Some Fears About China 1 Jan 2010 01:42 GMT
    ... tires at a storage warehouse in Hefei, China. The new Asian free-trade area encompasses 1.9 ... in Southeast Asia are concerned that cheap Chinese goods may flood their markets, once import ... the Chinese Academy of Social Sciences in Beijing. Mr. Sothirak, who was Cambodia's minister of ...

  • U.S. International Trade Commission rules in favor of U.S. steel industry on subsidized Chinese imports 1 Jan 2010 06:57 GMT
    ... ruled Wednesday that a surge of subsidized Chinese steel has harmed or threatens to harm the ... volume of the steel pipes imported from China more than tripled from 2006 to 2008, ...

  • Steel Output Rises Again 1 Jan 2010 12:41 GMT
    ... According to the data released by World Steel Association (Worldsteel), global crude steel production for the ... facilities by producers. Crude steel production in China, the largest producer and consumer of crude steel, ... demand in the last quarters, forcing global steelmakers to lower production levels. U.S. Steel Corp. ...

  • FACTBOX - China and ASEAN to launch world's 3rd biggest trade zone 1 Jan 2010 02:10 GMT
    ... China and the 10-member Association of South East ... and will be lowered more slowly. A Chinese official said when the FTA is fully ... and Chris Buckley and Lucy Hornby in Beijing; Writing by Ed Davies, Editing by Dean ...

  • FACTBOX-China and ASEAN to launch world's 3rd biggest trade zone 1 Jan 2010 02:56 GMT
    ... JAKARTA, Jan 1 - China and the 10-member Association of South East ... and will be lowered more slowly. A Chinese official said when the FTA is fully ... and Chris Buckley and Lucy Hornby in Beijing; Writing by Ed Davies, Editing by Dean ...


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"2010 will be a key year to solidify the economic recovery and overcome the international financial crisis."
— Chinese central bank Governor Zhou Xiaochuan

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Markets

Exchange Rates:

Chinese Renminbi:
USD 1 = CNY 6.8270
EUR 1 = CNY 9.7794

Hong Kong Dollar:
USD 1 = HKD 7.7552
EUR 1 = HKD 11.1089

Macau Pataca:
USD 1 = MOP 7.9860
EUR 1 = MOP 11.4395

Taiwan Dollar:
USD 1 = TWD 31.9740
EUR 1 = TWD 45.8012

USD 1 = EUR 0.6981
EUR 1 = USD 1.4325

Closing Stocks:
Shanghai A: 3,437.46(0.44%)
Shenzhen A: 1,261.26(0.61%)
Hang Seng: 21,872.50(1.75%)
Taiwan Taiex: 8,188.11(0.93%)

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This Day in History

Jan. 1

The United States and China established diplomatic relations, 30 years after the foundation of the People's Republic.
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