Get started

Sinosteel appoints new gm

China’s State-owned Assets Supervision and Administration Commission (SASAC) has appointed a new gm for Sinosteel, one of the country’s largest iron ore traders.

January 24, 2013
By Generic people page

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

Xu Siwei, vp of China Minmetals, has been made gm of the Sinosteel group.

Jia Baojun was retained as chairman of its subsidiary Sinosteel Corp, a source from the company told Steel First.

A former senior executive from Wuhan Steel, Jia was first appointed president of Sinosteel group and chairman of Sinosteel Corp in May 2011, following the removal of then group president Huang Tianwen.

Huang’s removal was said to be linked to financial mismanagement of the company that led to it incurring massive debts.

Sinosteel used to be China’s largest iron ore importer. Based on the volumes for the first 11 months of 2012, China National Building Materials Corp is now the largest importer.

Sinosteel imported about 19 million tonnes of iron ore during the January- November period, 15.5% lower year-on-year.

What to read next
Lighting, Stage, Texture
Copper rattled by tariffs, clarity yet to come | Hotter Commodities
The global copper market has finally received the widely anticipated news that imports to the US will be tariffed from August 1. The finer details of the tariffs, including their scope, and whether key copper-exporting nations like Chile, Canada and Peru will be exempt, remain unclear.
July 10, 2025
 · 
By Andrea Hotter
Open consultation on Fastmarkets’ iron ore 61% Fe fines index specifications: pricing notice
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
July 10, 2025
 · 
By Shu Yi Zheng
Correction to Montreal steel scrap assessments on July 8
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]
July 8, 2025
 · 
By Christian Willbern
Wood, Lumber, Steel
Mexican rebar output recovers in May vs month prior
Mexico’s production and consumption of long steel fell year-on-year in May due to weakness in the country's construction sector, but posted a month on month gain, according to the latest data from the Mexican steel chamber, CANACERO.
July 8, 2025
 · 
By Ana Enis
Publication of Fastmarkets’ steel scrap No1 busheling, delivered mill Chicago assessment on Thursday July 3
This price is a part of the Fastmarkets scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.
July 3, 2025
 · 
By Amy Hinton
Correction to rationale of cobalt hydroxide payable indicator
Fastmarkets has corrected the rationale for its MB-CO-0021 cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets’ standard-grade cobalt price (low-end), which was published incorrectly on Wednesday July 2 due to a reporter error.
July 2, 2025
 · 
By Jon Stibbs