steel

Why Is China Importing So Much Iron?

Quartz's Gwynn Guilford reports that China's year-on-year imports surged to 10.9% in July at $168 billion and all because of iron ore imports, speculated to serve as collateral for bank loans: But wait—what exactly was...

Abandoned Steel Mills Threaten Public Health

Falling prices, weak demand and mounting debt in China’s steel industry have led to a series of closures and mergers in recent years, leaving many mills abandoned. At China Dialogue, Gao Shengke reports that health risks...

CDT Money: Time to Call the Bottom?

A breeze of cautious optimism wafted into the Chinese economy this week despite a seventh consecutive quarter of slowing GDP growth, as better-than-expected September data signaled that the world’s second largest economy...

Australia's China Challenge

Since overtaking Japan in 2009, China has been Australia’s largest export market, outweighing South Korea, India, the US and UK (in third through sixth places) combined. While growing reliance on this trade is a source of...

Blood on the Hands at a Bleeding Steel Mill

From Caijing Magazine: Time seems to stand still in Tonghua, a gritty factory city in an isolated corner of Jilin Province, near the Chinese-North Korean border. Bypassed by highways, an antiquated railway is the city’s...

Steel Workers In China Protest Plant Purchase

From AP: Hundreds of steel workers in central China trapped a government official in their factory’s office compound for four days, angry at the official’s role in the state-run plant’s privatization, the local...

Details of Steel Executive’s Death Emerge

From Caijing.com.cn: The beating death of a steel company executive during a riot at state-owned Tonghua Iron & Steel Co. Ltd. on July 24 in Jilin Province has been widely blamed on workers protesting a company...

Rust-Belt Rumblings

After irate workers beat a company manager to death in riots at a steel plant in Tonghua, Jilin, a planned merger for the firm has been scrapped. From Straits Times: Last Friday, privately-owned firm Jianlong Heavy Machinery was...

One Killed in China Steel Riot

The BBC reports that workers beat a manager to death during the riot at a steel plant in Tonghua: About 100 people were hurt in violence in the north-eastern city of Tonghua after workers heard that Jianlong Steel would buy a...

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