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Results 1 - 8 of 8 for anshan

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  1. Baosteel may acquire rival Panzhihua Steel

    Posted Jul 28th 2008, 12:00am by Carol Chan

    ... and Steel Association as saying. News of the planned acquisition will be a shock to Liaoning-based Anshan Iron & Steel and Hubei-based Wuhan & Iron Steel, both under the control of Sasac, as they have long been interested in a merger with Panzhihua Steel. Anshan Steel promised in May to provide funds to support Panzhihua Steel's listing plan, which included injecting its production ...

  2. Sticking points still plague Ansteel-Bengang union

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

    ... Carol Chan How long can merger negotiations last? As long as a decade, as illustrated by the lengthy talks between state-owned steelmakers Anshan Iron & Steel Group (Ansteel) and Benxi ... The possibility of a merger between Anshan-based Ansteel and Benxi-based Bengang, both in Liaoning province, emerged as early as 1997, but the first hurdle was the low profitability of the steel industry ...

  3. Wugang acquisition given green light

    Posted Jan 04th 2005, 12:00am by Eric Ng

    ... of an internal restructuring to streamline the company and reduce intra-group competition and connected transactions. Rivals Shanghai Baosteel Group and Anshan Iron and Steel Group are undergoing similar ... it the nation's second-largest steel producer, behind Shanghai Baosteel Group and ahead of Anshan. Wugang is also in merger talks with Chongqing Iron and Steel and Zhejiang province-based Hangzhou Iron ...

  4. Shougang to renew bid for stake in miner

    Posted Nov 04th 2008, 12:00am by Carol Chan

    ... in Australian miners to secure resources. Anshan Iron & Steel Group, the mainland's second-largest steelmaker, plans to boost its stake in Australian partner Gindalbie Metals by buying A$162 million worth of new shares instead of providing debt financing. Gindalbie did not say how much of a stake Ansteel would end up with if the deal went ahead. Anshan Steel currently holds 12.6 per ...

  5. Steel industry restructuring shifts focus to coastal areas

    Posted Oct 20th 2008, 12:00am by Carol Chan

    ... of tapping domestic resources and therefore were located near raw material bases- in regions including Anshan-Benxi in Liaoning province, Xichang-Panzhihua in Sichuan, Jidong-Lanxian county ... The cost advantage over inland delivery methods has pushed Angang Steel build its new 5 million tonne per year Bayuquan project at Yingkou Port, and not at its old Anshan city production base, said ...

  6. Liaoning steelmakers to merge amid profits squeeze

    Posted Mar 09th 2011, 12:00am by Ed Zhang

    ... Ed Zhang Rising costs, declining profits and nationwide overcapacity are pushing two of China's largest steelmakers towards a government-arranged merger, according to deputies now meeting in Beijing at the annual National People's Congress meeting. The companies, based in Liaoning, are Anshan Iron & Steel Group, or Ansteel, a producer of 30 million tonnes of steel ...

  7. State-owned firms to face faster cuts

    Posted Mar 14th 2005, 12:00am by Staff Reporter

    ... the country's two steel giants, Anshan Steel and Benxi Steel, were reviewing the possibility of a merger. It said Mr Li had given an ultimatum to the 179 state enterprises under the direct control ...

  8. Private firms find edge in steel deals

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

    ... A case in point is the prolonged merger between Anshan Iron & Steel Group (Ansteel) and Benxi Iron & Steel Group (Bengang), an exercise that began in 1997 but would straddle more than 10 ...



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