The Ministry of industry and information technology issued the "Standard conditions for the steel industry (Revised edition of 2012)" to promote the structural adjustment and industrial upgrading of the steel industry.

Decided by the prior period, since September 1st, the standard transaction fees of rebar and wire rod futures contract were reduced to the transaction amount of zero point four five and zero point four in ten thousand.

On September 11th, the Qingdao Bureau for Environmental Protection announced the environmental impact report about Qinggang steel mills relocation project and planed to put into operation within three years, with a total investment of 16.408 billion yuan.

On September 25, 300 tons per year steel joint projects of Agricultural division two Fengtai smelting Co. Ltd. lay foundation for the agricultural division two heavy industrial park, with a total investment of 8.4 billion yuan.

On September 28 Wuhan Iron and Steel Group and ThyssenKrupp companies in Germany signed an agreement about the formal acquisition of its laser welding group.

                                                                                                    XINSTEEL NEWS