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Angang Steel

Angang Steel Company (Hong Kong stock code 0347.HK) produces steel products, including hot rolled products, cold rolled products, medium plates and other products.

METALS

Angang Steel to sell loss-making plants to parent Anshan

22 Nov 2012

Angang Steel has agreed to sell two loss-making steel plants to its parent in exchange for cash and a profitable trading business, the second move in a week aimed at shoring up its bottom line...

3:39AM

Weak market hammers Daye Special Steel and Angang Steel

26 Oct 2012

The slowdown in the mainland's steel industry reduced profit at Daye Special Steel, a Shenzhen-listed subsidiary of Citic Pacific, and created losses for Angang Steel, which is listed in Hong Kong...

2:50AM

Briefs, October 25, 2012

25 Oct 2012

Citic Bank shareholder selling 458m shares

4:53AM

Angang Steel shares drop as weaker growth hits

17 Apr 2012

Angang Steel shares dropped as much as 5 per cent yesterday on a profit warning and weaker-than-expected economic growth on the mainland.

12:49PM

Angang's accounting raises eyebrows

28 Sep 2011

Angang Steel, the listed unit of state-owned Anshan Iron & Steel Group, has raised the estimated useful life of its assets, in a move analysts say will artificially boost the company's bottom-...

8:40PM

Furnace shutdown a threat to Angang output

1 Apr 2011

Angang Steel, the listed unit of one of the mainland's largest steel producers, may see its output fall for the first time in at least 11 years after one of its 10 blast furnaces was shut down due...

6:54AM

Opinion

Alex Lo

Rankings belie the real purpose of universities: to educate

5 comments

12:54AM

Howard Winn

Way to go

2:01AM

Angang loses some of its hard edge as No1 steel performer

When its net profit for last year fell short of a mean estimate of 21 analysts polled by Thomson Financial, Angang Steel's long-standing reputation as the best performer among mainland...

1:59AM

Angang Steel to reduce exports as new levy eats into margins

Angang Steel, the listed arm of the mainland's second-largest steelmaker, plans to reduce its exports this year as new government policies have made them less profitable than domestic sales....

1:35AM

Angang Steel drops after downgrade

Shares in Angang Steel, the listed arm of the mainland's second-largest steelmaker, plunged 8.21 per cent yesterday in Hong Kong after some analysts downgraded the stock's rating following the...

1:27AM

Angang blames 17.5pc profit drop on export-tax rebate reduction

Angang Steel, the Hong Kong- and Shenzhen-listed arm of the mainland's No3 steelmaker, said third-quarter profit fell 17.5 per cent after Beijing cut export-tax rebates.

9:27AM

Angang Steel cleared for dual rights issue to raise 20b yuan

Angang Steel announced last night it had been given approval for the first dual A and H-share rights issue to raise up to 20 billion yuan to finance a production plant in Liaoning province.

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6:31AM

Angang revives dual bid for issue of rights shares

Angang Steel, the mainland's third-largest steel producer by output, saw its share price fall as much as 3.18 per cent after it unveiled a second attempt to launch the first dual A and H-share...

1:26AM