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

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

    ... year through a partial merger of Anshan Iron and Steel and Benxi Iron and Steel, aimed to raise its crude capacity to 30 million tonnes by 2010, Anshan chairman Liu Jie said. Last year its output reached 18.4 million tonnes, of which 6.5 million came from Benxi. Anshan's capacity will rise from 15 million tonnes this year to 16 million next year. Steel companies have been ...

  2. Bengang, parent in share deal

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

    ... 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 ... a similar move by Anshan's A and H-share subsidiary Angang New Steel in issuing 12.74 billion yuan worth of A shares to its parent firm to help pay for 19.69 billion yuan of assets. ...

  3. Anhui attempts to lift itself out of the doldrums

    Posted May 27th 2006, 12:00am by Staff Reporter

    ... Irene Wang Province seeks to reduce its reliance on agriculture with outside investment About a century ago, Hu Bingheng left his home in the sleepy Anhui village of Longchuan to establish a thriving arm of the family tea business in Taizhou, a city in th ...

  4. Maanshan profits decline 48pc after product prices fall

    Posted Aug 02nd 2006, 12:00am by Eric Ng

    ... Eric Ng Maanshan Iron & Steel posted a 48.75 per cent year-on-year drop in net profit to 1.09 billion yuan in the first half of this year, hurt by sharp falls in product prices last year despite a marked recovery in the second quarter this year. Outpu ...

  5. Chemical plant blast kills at least 14

    Posted Jun 18th 2006, 12:00am by Minnie Chan

    ... Minnie Chan An explosion at an Anhui chemical plant has killed at least 14 people and injured 30, official media said yesterday. However, villagers who live nearby said the casualty toll could be higher. It was unclear how many people were at the plant in ...

  6. Housing a bonus, but also holds risks for steelmakers

    Posted May 01st 2006, 12:00am by Raymond Li

    ... Raymond Li Li jianshe, steel industry executive Over the past 14 years, Hong Kong-listed Maanshan Iron and Steel Co has cranked up its production by nearly five times to 9.75 million tonnes in response to a surge in fixed-asset investment, especially in t ...

  7. Steel giants invest in Australia mines

    Posted Apr 13th 2006, 12:00am by Eric Ng

    ... by lower steel prices and higher raw materials costs. Angang New Steel chairman Liu Jie said yesterday parent Anshan Iron & Steel Group had signed a preliminary agreement with Australia's ... but Mr Liu said Anshan had no plan to participate. Mr Su said Maanshan Iron would take delivery this year of 2.5 million tonnes of iron ore from an Australian mine operated by BHP Billiton. ...

  8. Bengang buying parent's assets to unite production

    Posted Sep 30th 2006, 12:00am by Staff Reporter

    ... facilities from its parent for nine billion yuan while Anshan Iron & Steel, the second-largest steel producer, bought steel production assets worth 19.6 billion yuan from its parent. ... on the steel sector, one of seven industries experiencing overcapacity. Benxi Steel, traded as A and B shares, had earlier publicised a merger with Anshan Iron & Steel to create China's ...

  9. Coastal Greenland to lift China land bank despite slump

    Posted Jul 31st 2006, 12:00am by Andy Chen

    ... Greenland is active mainly in Beijing, Shanghai, Wuhan and Anshan. Mr Cheng said about 20 per cent of its sales in Beijing and Shanghai, where residential property fetch about 9,700 yuan per square metre, were to investors. However, in Wuhan and Anshan, where homes cost about 3,200 yuan per square metre, most of its customers were end-users. Mr Cheng expects Coastal Greenland's ...

  10. Baotou Steel to buy assets from parent

    Posted Nov 03rd 2006, 12:00am by Carol Chan

    ... in the industry to curb overcapacity and improve competitiveness. Other steel giants including Baosteel Group, Anshan Iron & Steel and Wuhan Iron & Steel Group have completed asset injections ...




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