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  • August 30, 2014
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  1. Steelmakers expect sales boost after tariffs' removal

    Posted Nov 14th 2008, 12:00am by Carol Chan

    ... Carol Chan Mainland steelmakers said Beijing's scrapping of some export tariffs on the metal would boost overseas sales and prices, but some analysts said the impact could be limited by the falling demand. As part of a 4 trillion yuan (HK$4.54 trilli ...

  2. Angang Steel forecasts slowing domestic demand

    Posted Aug 14th 2008, 12:00am by Carol Chan

    ... Carol Chan Angang Steel says it expects slower growth in steel demand on the mainland in the second half and anticipates a squeeze in industry profit margins as production costs rise faster than product prices. Growth in mainland steel consumption was exp ...

  3. Liaoning official chosen to head Anben Steel

    Posted Jan 05th 2008, 12:00am by Carol Chan

    ... Carol Chan The merger between steelmakers Anshan Iron & Steel Group and Benxi Iron & Steel Group is gaining momentum with the government's appointment of a chairman shortly ... Anshan Steel general manager, will be appointed combined group general manager, and Benxi Steel chairman Yu Tianchen will serve as group vice-executive general manager. The report said it would ...

  4. Panva lifts interest in Anshan gas venture

    Posted Mar 25th 2005, 12:00am by Denise Tsang

    ... in northeastern China after projects in Changchun and Qiqihar. The project has exclusive rights to provide piped-gas services to the 3.6 million population of Anshan, the third-largest city in Liaoning. ... to 81 per cent worth 111.96 million yuan. The decision to raise its stake in the project in Anshan came after a former partner, Shanghai Jian Shi Hai Jia Investment, backed away from a committed ...

  5. Bengang, parent in share deal

    Posted Apr 06th 2006, 12:00am by Eric Ng

    ... Eric Ng China steelmaker to pay for 10.3b yuan worth of assets through A-share issue Bengang Steel Plates yesterday unveiled a massive A-share issue plan to fund its acquisition of 10.3 billion yuan worth of assets from its parent firm as the group gets into shape to negotiate a better merger deal with bigger rival Anshan Iron & Steel Group Corp. Bengang, which has both ...

  6. Novo moves a third of listed shares to HK

    Posted Dec 04th 2010, 12:00am by Lulu Chen

    ... to 13.8 per cent this year. China has about 700 steel mills. Novo said it engaged in business with both state-owned companies like Anshan Iron & Steel Group and small and medium enterprises. ... regions. Novo is primarily engaged in importing iron ore from Australia and Brazil to China, and exporting Chinese steel products. 'A proportion of China's iron ore is imported through ...

  7. Steel giant to boost output amid demand at high-end

    Posted Mar 08th 2006, 12:00am by Eric Ng

    ... Eric Ng Anben Iron and Steel Group, China's second-largest steel producer, plans to raise its crude steel production capacity by 65 per cent in the next five years to meet surging ... asked by the government to close down outdated facilities, particularly those churning out overabundant low-end construction steel. About 20 per cent of China's steel production ...

  8. News - China Insider - AIR POLLUTION

    Winners and losers as China tackles winter smog

    Posted Dec 11th 2013, 03:20pm

    ... offenders were the capital, Shenyang and Anshan, home to one of the largest steel producers in China. The cities were fined 34.6 million yuan and 7.8 million yuan respectively. ... Olivia Rosenman olivia.rosenman@scmp.com As a polluted haze of thick, winter smog settles over China’s north eastern provinces, local governments and employers are dealing with the problem ...

  9. Anshan Steel puts US plan on hold

    Posted Aug 20th 2010, 12:00am by Eric Ng

    ... Eric Ng Anshan Iron & Steel Group, one of the mainland's top producers of the alloy, has put its plan to invest in a US steel plant on hold in the face of political opposition. ... opportunities in raw material procurement, sales network build-up and plant construction,' Chen said yesterday. Anshan agreed in May to pay US$175 million for a 14 per cent stake in a construction ...

  10. Angang Steel shares drop as weaker growth hits

    Posted Apr 17th 2012, 12:00am

    ... yuan in losses in the first quarter, the official China Securities Journal reported yesterday, citing a China Iron & Steel Association source. Mainland gross domestic product expanded 8.1 ...




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