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Muyu Xu

China churns out record daily steel output in June - Reuters calculation

15 Jul 2019

BEIJING China's daily crude steel output rose to record levels in June, according to Reuters calculations, even as anti-pollution production curbs pushed whole-month production slightly lower, official data showed on Monday.

China refiners curb fuel output after massive new plants stoke glut

08 Jul 2019

SINGAPORE/BEIJING China's fuel producers are making extended curbs to their output in the third quarter after supply from mammoth new refineries stoked an already-sizeable glut, potentially dragging on crude oil demand from the world's biggest importer of the commodity.

China plans pilot nuclear reactor for heating in northeast

17 Jun 2019

BEIJING/SHANGHAI China plans to build a pilot small-scale nuclear reactor that could replace coal or gas to heat towns and cities in its colder northern regions, an official with the state-owned developer in charge of the project said on Monday.

Chinese steel mills chase low grade ore, discount at 2.5-year-low

12 Jun 2019

BEIJING Chinese steel mills facing a slump in profit margins are scrambling for lower grade iron ore to cut costs, squeezing supplies and halting a long-standing market trend toward higher grade ore.

Steely ambition: China's Baowu eyes moving blast furnaces to Cambodia

23 May 2019

BEIJING China's top steel maker Baowu Group is studying plans to relocate blast furnaces from remote Xinjiang to Cambodia in a bold example of China's heavy industry shifting excess capacity overseas, a source familiar with the firm's plans said.

UPDATE 1-Steely ambition: China's Baowu eyes moving blast furnaces to Cambodia

23 May 2019

* Other firms have targeted Indonesia and Thailand (Add comments from Cambodia Ministry of Commerce)

Steely ambition: China's Baowu eyes moving blast furnaces to Cambodia

22 May 2019

BEIJING China's top steel maker Baowu Group is studying plans to relocate blast furnaces from remote Xinjiang to Cambodia in a bold example of China's heavy industry shifting excess capacity overseas, a source familiar with the firm's plans said.

Exclusive: Tanker unloads Iranian fuel oil at China port after near five-month trek - data

16 May 2019

SINGAPORE/BEIJING A tanker carrying Iranian fuel oil in violation of U.S. sanctions has unloaded the cargo into storage tanks near the Chinese city of Zhoushan, according to ship tracking data on Refinitiv Eikon.

RPT-Back on the menu: Chinese steel mills regain taste for high-grade iron ore

13 May 2019

* Steelmakers gear up output to cash in on recovering margins

Back on the menu: Chinese steel mills regain taste for high-grade iron ore

10 May 2019

BEIJING/SINGAPORE Chinese steelmakers are regaining their appetite for high-grade iron ore despite record-high ore prices, mill managers and traders say, as recovering profit margins spur plants to seek efficiency gains and ramp up output.

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