On December 7th, West-east pipeline start to work with the third party. China National Petroleum Corporation （CNPC） sign a framework agreement with Guanghui energy. Guangghui Energy is currently the only one private energy enterprises, with “coal, oil, gas,” three kinds of resources at the same time. The cooperation way is that west east pipeline company […]

China Steel plate manufacturer showed positive changes in the operation with the effective promotion of steel reducing capacity, Steel plate price rebounded, such as API steel plate, carbon steel plate  price and so on. The whole steel plate manufacturer turned from deficits to profit this year. Deputy secretary of the national development and reform commission said on 25th […]

Oil and Gas Drilling Rig Count continuously increased in three weeks in United States, the fastest growth since 2011. FX168 reports: U.S. oil Service Company Hughes Beck released data on last Friday shows, until the week of 15th July 2016, the number of active oil and gas drilling rig count increased 6 to 357 at […]

England “Financial Times” reported on 14th July, China and Europe agreed to have a mutual agreement for China steel product, specially the steel line pipe, hot rolled steel coil and steel plate, steel profile etc. The agreement is to solve the “dumping steel” problem for China, get China steel market/China steel price a good position in Europe. […]

Steel Products Steel Plate Price Reduced from March to April, 2016 Steel plate price and related steel products price reduced from March, 2016, and it came slowly in April. Domestic steel PMI (Purchase Management Index) index dropped 0.8% to 50.6% in March. This was the fall after PMI rose for two months, but still above the […]

Bloomberg reported that Wilbur-Ross’s leading investment company will bet on Chinese steel industry. He will created a fund to invest Chinese steel industry. Include steel plates, pipeline pipes, and steel fittings and gas and oil pipes such as casing pipes, tubing pipes manufacturing. Even though this billionaire was working to cut off its relationship with this company, he lead the US Department of […]