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BEIJING, Aug. 4 (Xinhuanet) -- Rising domestic iron ore production and slowing steel demand have hit some foreign miners and affected the global market, industry leaders said on Tuesday.China's iron ore imports dropped for the third straight month to 47.2 million tons in June, while spot prices have dropped to about 2 per ton after peaking at 5 per ton in April.The country's iron ore imports rose 4 percent year-on-year in the first half of this year, figures from the China Iron & Steel Association (CISA) showed. But domestic ore output increased by 28 percent year-on-year to 485 million tons in the same period, with output rising 37.6 percent in the second quarter from the first quarter."Rising domestic ore production is the main factor that drove down imports, largely impacting supply and demand on the global market," CISA vice-chairman Luo Bingsheng said.The figures form part of the bad news for international mining companies in Australia and Brazil that provide more than half of the ores to China.Iron ore imports from Australia, Brazil and India accounted for 62.3 percent of the country's total ore consumption last year.Brazilian company Vale already predicted in June that the share of imported ores in China would drop this year.About 40 percent of Chinese steel mills have to make cutbacks or put plants on maintenance, blaming increasing costs of imported ores and declining steel prices. Oversupply in the industry will continue to lower production, further driving down ore imports in the third quarter, Luo said.The CISA will also reduce the number of licensed iron ore importers to regulate the imported ore market."We will announce new rules for the industry soon, which include higher standards on the environment, energy consumption and capital requirement," Luo said.

BEIJING, Aug. 22 (Xinhua) -- Wuhan Iron and Steel Company Ltd., the listed subsidiary of China's third largest steel maker, said Sunday that its net profit rose 90.43 percent year on year to 963.53 million yuan (141.7 million U.S. dollars) during the first half of the year as strong economic growth boosted steel demand and prices.The company's first-half-year sales reached 34.36 billion yuan, up 50.72 percent from one year earlier, it said in a statement delivered to the Shanghai Stock Exchange.However, costs also climbed in the first six months compared with a year earlier because of increases in raw material prices, it said.Production costs for steel products gained 47.12 percent year on year to 31.18 billion yuan. Further, the company's steel output in the first half of the year gained 29.75 percent year on year to 8.04 million tonnes.China's producer price index, a major gauge of inflation at the wholesale level, rose 6 percent in the January-June period, according to statistics released by the National Bureau of Statistics.However, the company was likely to face a "difficult time" in the second half of 2010 and meeting its full-year profit target would become a "challenging task" as demand from auto, home appliance and real estate sectors experienced "drastic changes" since July, leading to more restrained sales and falling prices, it said.Company officials also worried that high prices of iron ore, coal and electricity would further push up production costs and squeeze profit margins.On Friday, the price of its shares fell 2.87 percent to 4.73 yuan on the Shanghai bourse.

KABUL, July 20 (Xinhua) -- Chinese Foreign Minister Yang Jiechi on Tuesday called for continued support of the international community to the war-torn Afghanistan."We want to see a peaceful, stable and independent Afghanistan that enjoys development and good neighborhood," Yang said addressing one-day international conference on Afghanistan in the Afghan capital Kabul."We should respect Afghanistan's sovereignty, and work together for the realization of Afghanistan run by the Afghans," he stressed.To achieve the goal, he proposed four points including ensuring security, political reconciliation, speeding up economic reconstruction and enhancing international cooperation."We call on international community to channel more assistance to infrastructure and other projects that will bring immediate benefit to ordinary Afghans," Yang said.He added that it is important to enhance coordination between regional and international cooperation so that they will complement and reinforce each other.The international community, he said, should remain committed to bringing durable peace and stability to Afghanistan. He also urged the international community to provide more help to Afghanistan in capacity-building and human resources development.China had contributed more than 900 million Yuan (over 123 million U.S. dollars) besides canceling 19.5 million U.S. dollars worth of debt owed by Afghanistan from 2002 to 2009.The first ever international conference hosted by post-Taliban Afghanistan with the participation of United Nations Secretary General Ban Ki-moon and some 40 foreign ministers among other delegates from over 70 countries and international organizations wrapped up with renewing support to Afghanistan.

BEIJING, Aug. 23 (Xinhua) -- The Chinese government Monday strongly condemned the hostage-taking of Chinese tourists by a former police officer in Manila and demanded the Philippine government thoroughly investigate the incident. A bus with 21 Hong Kong tourists aboard was hijacked in the Philippine capital of Manila Monday morning. After negotiations, six hostages were freed. On Monday night, Philippine police launched a rescue operation and a number of hostages were killed and injured.In a press release, the Chinese Foreign Ministry said Foreign Minister Yang Jiechi had telephoned his Philippine counterpart Alberto Romulo on the hostage-taking incident.During the conversation, Yang said the Chinese government had been highly concerned over the incident and had asked the Philippine government to spare no efforts in carrying out the rescue operation under the prerequisite of guaranteeing the safety of hostages.Yang said that the Chinese government was shocked about the incident, deplored the slaying of Hong Kong tourists, and strongly condemned the brutality against innocent tourists.The Chinese government demands the Philippine government launch a thorough investigation into the incident and inform the Chinese side of related details as soon as possible, he said.The Chinese government also demands the Philippine government do all it can to save the injured hostages and properly handle the remaining problems of the incident, Yang said.

ZHOUQU, Gansu, Aug. 15 (Xinhua) -- Amid sirens and blaring horns, people across China Sunday stood in tribute to victims of a massive mudslide in a remote northwest town.Chinese leaders, students, workers and members of the public paused for three minutes from 10 a.m. Sunday, a week after the devastating mudslide hit Zhouqu County, in Gannan Tibetan Autonomous Prefecture of Gansu Province.At least 1,248 people have died and 496 are listed as missing.Chinese President Hu Jintao, top legislator Wu Bangguo, Premier Wen Jiabao and other top Chinese leaders stood and paid silent tribute to the victims at the beginning of a meeting by the Standing Committee of the Political Bureau of the Communist Party of China Central Committee held in Beijing on Sunday morning.DEEP GRIEFAt the Dongjie Village in Zhouqu, more than 5,000 rescuers and villagers stood still on the debris of mudslide, bowing their heads in commemoration of those killed in the disaster.A huge black banner hung in front of the mourners, and wreaths lay on the ground. The white lettering on the banner read, "Mourning in deep grief for deceased compatriots of the Zhouqu massive mudslide.""I only feel sad as I stand on the debris of our homes," said villager Zhang Xiujuan."Although my husband, my son and I survived, I lost more than 30 relatives in the mudslide," she said.In Dongjie, two thirds of the families were buried when the mudslide struck. And 368 of the 848 villagers died in the disaster.Before and after the three-minute tribute, rescuers including troops and medical workers continued to clear the debris, searching for bodies and spraying disinfectant in the area.Some survivors sat silently on the debris, still holding out hope that the bodies of relatives could be found.