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Beijing Shougang H1 net profit up 50%

2018-08-20 08:50:00 Cost & Profit

Beijing Shougang Co., Ltd, a leading listed steel firm in China, saw its net profit rise 50.12% on the year to 1.42 billion yuan ($20...

Shandong Iron & Steel H1 net profit surges 2.8 times on yr

2018-08-17 17:25:00 Production & Sales,  Cost & Profit

Shandong Iron and Steel Group Co., Ltd reaped a net profit of 1.68 billion yuan ($244 million) over January-June in this year, surgin...

Chongqing Iron & Steel swings to profit in H1

2018-08-17 11:32:00 Company,  Cost & Profit

Chongqing Iron and Steel Co., Ltd swung to profit of 763 million yuan ($110.8 million) in the first half of this year, compared with ...

South Africa's Exxaro H1 profit lifts boosted by coal performance

2018-08-16 17:07:00 Company,  Cost & Profit,  International

Exxaro Resources said on August 16 half-year profit rose 8%, boosted by a strong performance in its core coal business. ...

Yancoal Australia H1 net profit at AUD 361 mln

2018-08-16 09:36:00 Company,  Cost & Profit

China's Yancoal Australia Ltd, the largest pure-coal producer in Australia, profited AU$361 million ($259.92 million) in the first ...

Whitehaven posts record profits of A$525.6 million

2018-08-15 17:17:00 Company,  Cost & Profit,  International

Coal miner Whitehaven Coal has reported a record net profit after tax of A$525.6 million ($379.8 million) for the 2018 financial year...

Liuzhou Iron & Steel H1 net profit soars 5.16 times on yr

2018-08-15 15:23:00 Cost & Profit,  Steel Products

Liuzhou Iron and Steel Co., Ltd gained a net profit of 2.04 billion yuan ($259.5 million) in the first half of 2018, surging 5.16 tim...

SDIC Power H1 net profit up 21.74% on yr

2018-08-15 13:59:00 Cost & Profit

SDIC Power Holding Co., Ltd earned a net profit of 1.57 billion yuan ($227.6 million) over January-June this year, increasing 21.74% ...

Shanxi Coking H1 net profit rockets 41.38 times on yr

2018-08-14 11:54:00 Cost & Profit

Shanxi Coking Co., Ltd, a publically traded coke manufacturing conglomerate in northern China's Shanxi province, earned a net profit ...

India's Tata Steel Q1 profit more than doubles

2018-08-14 08:46:00 Company,  Cost & Profit,  International

Tata Steel Ltd's quarterly net profit more than doubled, but still came in well below market expectations, hurt by rising expenses an...

German steel giant Salzgitter records strong half-year profits despite U.S. tariffs

2018-08-14 08:28:00 Company,  Cost & Profit xinhuanet. com

Salzgitter profits more than doubled during the first half of 2018 in spite of the recent imposition of punitive U.S. tariffs on Euro...

Lingyuan Iron & Steel H1 net profit up 84.85% on yr

2018-08-13 11:53:00 Company,  Production & Sales,  Cost & Profit

Lingyuan Iron & Steel Co., Ltd registered a sharp year-on-year increase of 84.85% in net profit to 749 million yuan ($115.23 mi...

Coal India Q1 net profit surges 61% YoY to Rs 37.86 bln

2018-08-13 09:04:00 Company,  Cost & Profit,  International

Coal India on August 11 reported 61% year on year rise in net profit at Rs 37.86 billion ($54.97 million) for June quarter. ...

Shaanxi Coal Industry rakes in earnings of 5.94 bln yuan in H1

2018-08-10 14:49:00 Company,  Cost & Profit

Shaanxi Coal Industry Co., Ltd, a listed firm with Shaanxi Coal and Chemical Industry Group as main operator, raked in net profit of ...

Zenith Steel H1 operating revenue rises 4.54% on yr

2018-08-10 08:36:00 Company,  Cost & Profit

Zenith Steel Group Co., Ltd gained operating revenue of 60 billion yuan ($8.79 billion) in the first half of this year, up by 4.54% y...

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Editors Recommendations

1 China's top six coastal power plants see declines in coal use, stocks 2018-08-20

China's six major coastal power plants saw drops in both coal consumption and stocks, due mainly to decreased power load and adverse weather conditions. As of August 20, the six's thermal

2 China Coal Daily Track (Aug 20) 2018-08-20

Thermal coal Domestic market Production area Thermal coal sales were robust in Yulin city of Shaanxi amid good demand from the neighboring plants and some central China provinces,

3 China Jul power consumption up 6.8% on yr 2018-08-20

China's electricity consumption rose 6.8% year on year to 648.4 TWh in July, showed data released by the National Energy Administration (NEA) on August 17. The residential segment consume

4 Record high coke prices in China breeds hoarders, turns off buyers 2018-08-20

A rally that has sent coke prices to a record high in China has prompted sellers in the world's top producer to hoard stocks of the steelmaking ingredient amid fears of further steps by Beijing to cur

5 Sentiment weakens in China thermal coal market; faster retreats simmering 2018-08-20

The sentiment weakened largely in spot thermal coal market at northern China ports late last week, with lots of traders rushing to undercut stocks in hand to stave off losses as much as possible, trad

6 Chinese traders pause import coal buying on multi-factors, sources 2018-08-20

Some Chinese traders have temporarily suspended buying in the seaborne import thermal coal market, resulted from a combination of sparse import quotas, weakening Chinese yuan and flat domestic market.

7 Weekly global coal market news summary (Aug 13 – Aug 17) 2018-08-17

Japan utilities, Glencore set annual coal contract at $110/t apanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018-March 2

8 China Coal Daily Track (Aug 17) 2018-08-17

Thermal coal Domestic market Production area Prices increased by 10 yuan/t recently in Yuyang district, Yulin city, Shaanxi province due to good demand from coking plants that many miner

9 Premium coke hard to seek in Chinese market, source s 2018-08-17

Supplies of high-quality coke products are becoming increasingly hard to find in the Chinese market, as deepened environmental restrictions crimped supply of the steelmaking ingredient. A

10 Shanxi steel sales take hit from transport restriction 2018-08-17

Sales of steel products yet to be shipped out of Shanxi province before August 15 may keep on hold for a while. From August 15 to December 31, Shanxi decided to launch a special joint law

Most Read News Stories

1 China's hydropower growth outstrips thermal power in Jul, NBS 2018-08-14

China's hydropower generation posted a faster year-on-year growth than thermal power in July thanks to plentiful rainfalls in the month, official figures showed, though share of thermal power remained

2 Coal import by Indian power sector in Apr-Jun drops 14% YoY 2018-08-13

The import of coal by Indian power sector in the April-June quarter was 14% less than the amount imported in the same period last fiscal, Coal Minister Piyush Goyal said in a reply to a question in Ra

3 China's coking coal market embraces sharp jumps of some grades 2018-08-16

China's coking coal market embraced a sharp jump of some grades amid tight supply, while prices of most grades stayed unchanged on the whole. Price hikes have reached 100 yuan/t in total

4 China Jul coal production slides to yrs' low, but YTD output up 3.4% on yr 2018-08-14

China produced 281.5 million tonnes of raw coal in July, a 2% slip from a year ago, showed data from the National Bureau of Statistics on August 14, dropping to the trough since September 2016.

5 Mongolia Jan-Jul coal exports down 1.16% YoY 2018-08-16

Coal-rich Mongolia exported 20.82 million tonnes of coal over January-July, declining 1.16% from the previous year, showed data from the National Statistics Office of Mongolia. Du

6 Indonesian coal production at 37.11% of full-year target 2018-08-17

Indonesian coal production was recorded at 180 million tonnes on August 15, or 37.11% of the government's 485 million target this year. However, President Joko "Jokowi" Widodo has said he

7 China sheds 80 Mtpa coal capacity over Jan-Jul, achieving over half of target 2018-08-16

China phased out some 80 million tonnes per annum (Mtpa) of surplus coal production capacity over January-July this year, fulfilling 53.3% of the whole-year capacity cut goal of 150 Mtpa, sources lear

8 Coal India pushes back production target 1 bln tonnes by two years 2018-08-14

Coal India Ltd, the world's biggest miner, has pushed back its ambitious 1 billion tonnes production target by at least two years owing to the existing ground realities, a top official of the company

9 Japan utilities, Glencore set annual coal contract at $110/t 2018-08-15

Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018-March 2019 at $110/t, according to several people with knowledge of the matte

10 China's NDRC warns high steel margins mean meeting 2018 capacity cuts not "easy" 2018-08-17

China cut 80 million tonnes of coal production capacity and 24.7 million tonnes of steel capacity from January to July 2018, an official from the National Development and Reform Commission (NDRC) said

Most Read Analysis & Comments

1 China spot thermal coal market firms on utilities' active buying 2018-08-07

Spot thermal coal market showed signs of stabilizing at Bohai-rim ports in northern China, alongside utilities' active buying for the power generating fuel and strong sentiment among traders in uphold

2 Uncertainty rises towards Chinese coal market after price rally for days 2018-08-10

Chinese domestic thermal coal price headed up again after a brief fall in early August, leaving a wide uncertainty on market trend in the near future. The latest CCI index for 5,500 Kcal/

3 QHD coal stocks slide for 6 days; prices lack continued momentum 2018-08-09

Coal stocks at China's benchmark Qinhuangdao port have been on the drop for six consecutive days, down to 6.42 million tonnes on August 9, showed data from That was a 9.8% ret

4 Import coal price continues edging down, little supported by domestic upturn 2018-08-08

China's import thermal coal price is still edging down and gets little support from the recent pickup in the domestic market. Offer-bid spread for Indonesian thermal coal remained at $2/t

5 China thermal coal price falls below 600 yuan/t 2018-08-06

China's thermal coal prices dropped significantly during its peak season amid ample hydropower supply and high stocks of utilities and at ports. On August 3, Fenwei assessed the

6 Customs clearance delay beefs up China Jul coal imports 2018-08-09

China's coal imports totaled 29 million tonnes in July, soaring 49.05% from a year ago, the customs data showed on August 8, reaching the highest since January 2014. Traders said the main reason behin

7 Chinese domestic coal gains more momentum; expectations diverge on near-term market 2018-08-13

Chinese domestic thermal coal prices keep heading up, with a 10 yuan/t increase at Bohai-rim ports by last week, despite no clear changes in supply-demand fundamentals. By August 10, the

8 China will tighten grips on coke production in major production regions 2018-08-09

China plans to crank up capacity cutbacks in major coke production regions, said the environmental ministry in a draft plan recently, in response to the country's pledge to win the "Blue Sky Protectio

9 Chinese traders see losses easing on further upward strength of thermal coal 2018-08-10

Chinese thermal coal traders saw their losses, caused by previous sharp slumps of prices,easing gradually amid the recent upward strength at northern transfer ports. The mainstream

10 Resilient coke & weak coking coal to continue in China 2018-08-08

The current situation of a resilient coke market but weak coking coal market is set to last in China, with coke prices likely to further trend up, insiders said. Coking coal market is gener