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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. Shares in Panzhihua Steel units surge on takeover expectations

    Posted Aug 16th 2008, 12:00am by Carol Chan

    ... Carol Chan The shares of Panzhihua Iron & Steel Group's three Shenzhen-listed units jumped their 10 per cent daily limit yesterday on speculation Anshan Iron & Steel Group is planning a takeover after revealing that it has bought at least 1.33 billion yuan (HK$1.51 billion) worth of shares in the companies. Liaoning-based Anshan Steel, the parent of listed Angang Steel, ...

  4. 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 ...

  5. Renowned filmmaker gets top award

    Posted Aug 08th 2008, 12:00am by Staff Reporter

    ... Ng Kang-chung Director Ann Hui On-wah is the first Hongkonger and woman to take the top honour in the Fukuoka Prize since it was set up in 1990. The 61-year-old was named the grand prize winner in recognition of her contribution to Asian culture. Born in Anshan, Liaoning, Hui is one of the city's most socially conscious directors, tackling issues from Vietnamese boatpeople ...

  6. Once a graveyard for state-run industry, Liaoning is struggling back to prosperity

    Posted Jul 17th 2008, 12:00am by Staff Reporter

    ... of the country than any other region,' said one official in the steel town of Anshan. 'There never would have been a boom in the coastal cities if not for the bust in the northeast.' While ... in 2003, cities from Shenyang to Anshan have bulldozed old factories and replaced them with residential towers and shopping malls. The SOEs that survived have nearly all been transformed ...

  7. Maanshan expects strong half, unclear future

    Posted Apr 19th 2008, 12:00am by Carol Chan

    ... Carol Chan Mainland steelmakers are expected to report strong first-half earnings this year as rising product prices could entirely offset the increase in costs, though there will be uncertainties in the second half, industry major Maanshan Iron & Ste ...

  8. Results

    Posted Oct 14th 2008, 12:00am by Staff Reporter

    ... Today Interim: Quasar Communication Technology Holdings 3rd Quarter: Maanshan Iron & Steel Final: New World Development Tomorrow Final: Hua Yi Copper Holdings, Solartech International Holdings October 16 Interim: Hsin Chong Construction Group 3rd Quar ...

  9. In Brief

    Posted Sep 11th 2008, 12:00am by Staff Reporter

    ... Anshan Iron pays 1.46b yuan to raise stake in Panzhihua units Anshan Iron & Steel Group spent 1.46 billion yuan (HK$1.67 billion) raising its stake in Panzhihua Iron & Steel ... for the initial stake in Panzhihua New Steel & Vanadium, Sichuan Changcheng Special Steel and Chongqing Titanium. Anshan Steel is providing financial support for Panzhihua Steel's group ...

  10. Sizzling economy's backbone is its up-and-coming private enterprise

    Posted Jul 17th 2008, 12:00am by Staff Reporter

    ... is likely to be those young and emerging private enterprises. The economy of Anshan has long been carried by state-owned Anshan Iron and Steel Group, traditionally accounting for more than 50 per ... and Germany,' said chief executive Guo Songsen. 'But there are a lot of roads in China.' Vice-mayor Wang Zhongzhe sums it up: 'Anshan steel is growing fast, but private companies ...




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