Steel Plant Accident Kills 2, Injures 13

Reuters reports an accident at a steel plant in Shanghai has killed two workers and injured 13 others. The plant is owned by Baosteel, one of China’s largest steel companies: Two workers were killed and 13 injured when a...

China Boom Falters as Steel Softens

After the chairman of China’s leading steel manufacturer expressed doubt about the growth of the industry in China’s current economic situation, Australia lost hope that China would save it from the global economic...

China Top Steel Maker In Its Lowest – Reuters

From Reuters (link) Baosteel, China’s top steel maker, reported a 55.4 percent fall in first-quarter earnings on Saturday, its worst quarterly profit in 14 quarters, as high iron ore costs and low steel prices eroded margins. Baoshan Iron and Steel Co. Ltd., the world’s sixth-largest steel maker by output, posted net earnings of 1.37 billion […]

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