SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : SSTY - SureTrace Security Corp (Bulls Board)
SSTY 0.00010000.0%Mar 7 3:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: newxian11/22/2005 12:43:23 PM
  Read Replies (1) of 958
 
John;China To Limit Annual Steel Output To 450 MLN Tons.
Bush visit to China made great impact to the deal of SSTY, Boeing and steel export

au.news.yahoo.com

China To Limit Annual Steel Output To 450 MLN Tons

BEIJING, Nov 18 Asia Pulse - China, the world's No. 1 steel maker and consumer, will limit its annual steel output to the maximum of 450 million tons during the next five years, sources with the China Iron and Steel Association said.

The move aims to tackle the overproduction of steel in the country, China Business Times said Thursday, quoting the association's plan for the 11th five-year (2006-2010) due to be released in January next year.

Currently, China's steel output capacity stands at 500 million tons, far exceeding the domestic demand.

Since April this year, prices on domestic steel products market have plunged, with the price of hot-rolled plates and rolls shrinking by over 40 percent in some places compared with its highest level in the year.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext