Angang Steel Company Limited

Angang Steel shares drop as weaker growth hits

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

Tuesday, 17 April, 2012, 12:00am

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 steelmakers listed in Hong Kong was cast in doubt.

Is the Anshan, Liaoning-based maker of high-end steel products weathering rising raw-material costs well enough to warrant a 'buy' call?

21 Apr 2008 - 12:00am

China Eastern may fly high on yuan surge, Angang and Magang face mixed fortunes

China Eastern Airlines: Today

China Eastern Airlines Corp (670), whose shareholders voted down a management-favoured stake acquisition by Singapore Airlines and Temasek Holdings in January, may have turned a profit last year of 603 million yuan (HK$671.7 million) on the yuan's strong appreciation, which helped cut its US dollar-denominated debt.

14 Apr 2008 - 12:00am

Mainland steel shares rally on expectation mills will raise prices

Shares of mainland steel companies shot higher yesterday as investors got a better picture of the industry's possible fortunes this year while speculating that mainland mills will follow their Japanese counterparts to pass on higher raw material costs.

20 Feb 2008 - 12:00am

Company profile - Angang Steel

Angang Steel is the biggest Hong Kong-listed Chinese steelmaker by value. Its principal activity is the production and sale of billets, wire rods, thick plates, cold rolled sheets and large steel products. It operates solely in the domestic market.

11 Jun 2007 - 12:00am

Angang earnings soar to 7.1b yuan

Angang Steel, the largest Hong Kong-listed mainland steel producer, beat its own profit forecast as earnings rose sharply last year, thanks to higher product prices and its acquisition of its parent firm's assets.

11 Apr 2007 - 12:00am

Chongqing Iron to sell A shares

Shares in Hong Kong-listed Chongqing Iron & Steel jumped 9.49 per cent after the medium-sized mainland steelmaker announced a plan to sell shares in Shanghai next month to fund expansion of its production capacity.

31 Jan 2007 - 12:00am

Angang plans to build 22.6b yuan steel plant in Liaoning

Angang New Steel, the listed unit of China's second-largest steelmaker, plans to invest 22.6 billion yuan to build a steel production plant in northeastern Liaoning province to improve its product mix.

Angang said it planned to invest eight billion yuan in the project this year, 12 billion yuan next year and 2.6 billion yuan in 2008.

12 Aug 2006 - 12:00am

Angang New Steel

The group's principal activities are the production and selling of billets, wire rods, thick plates, cold rolled sheets and large steel products. It operates solely in domestic markets.

26 Jun 2006 - 12:00am

Angang eyes technology boost after profit falls

H share Angang New Steel will invest 1.1 billion yuan (about HK$1.02 billion) to upgrade its technological production this year after seeing net profit fall 32.26 per cent to 69.85 million yuan - under international accounting standards - for the first six months of this year.

18 Aug 1999 - 12:00am