Anshan Iron & Steel Group Corporation

Novo moves a third of listed shares to HK

Novo Group, a steel and coal trading company, is to transfer about 26.9 per cent of its shares listed in Singapore to Hong Kong in order to tap into the capital markets of both regions.

Saturday, 4 December, 2010, 12:00am

Layoffs and pay cuts worry Wen

Mass layoffs and pay cuts were among the issues of greatest concern for Premier Wen Jiabao, state media reported yesterday after the leader toured the northeastern rust-belt province of Liaoning.

During the tour, he asked local authorities to do everything in their power to help enterprises survive the economic crisis.

23 Mar 2009 - 12:00am

Steel giant to boost output amid demand at high-end

Anben Iron and Steel Group, China's second-largest steel producer, plans to raise its crude steel production capacity by 65 per cent in the next five years to meet surging demand for high-end products.

This is despite a target to shut 25 per cent of its capacity by 2010 to raise efficiency and cut pollution and raw material consumption.

8 Mar 2006 - 12:00am

In Brief

Emperor places 129m shares to independents

Emperor International Holdings has placed 129.49 million shares to independent investors at $1.80 per share, to raise about $228.4 million. The placing shares amount to about 15 per cent of the existing share capital and about 13.04 per cent of the enlarged share capital.

Huaneng tariffs on excess output increase

7 Jan 2005 - 12:00am

Anshan invests in foreign tools

Anshan Iron and Steel (Group) plans to purchase US$150 million worth of foreign equipment for a new casting project, the China Business Times says. The semi-continuous casting project had been approved by the State Council and was scheduled to start production in 2000, the newspaper said yesterday. The project would boost the firm's output of high value-added steel products, it said.

27 Nov 1997 - 12:00am

Listing not the answer

JUST because China's state sector has been much maligned does not mean that no state enterprise is up to scratch.

Given the size of the state sector, it is not difficult for the China Statistical Information and Consultancy Service to work out a list of enterprises which show a profit.

2 Sep 1994 - 12:00am

Luxembourg to develop steel works

A LUXEMBOURG company is finalising plans to refurbish China's biggest steelmaker following the issue of a guarantee by the Luxembourg Government to China.

The plan by Paul Wurth, a privately owned Luxembourg steel technology firm, to modernise Anshan Iron and Steel in Liaoning province was announced by Luxembourg's Minister of the Economy Robert Goebbels.

17 Mar 1994 - 12:00am

Steely silence from Magang

''WHY has your company been chosen as one of the nine Chinese enterprises to be listed in Hong Kong?'' someone asked over the lunch that ended the three-day visit to Maanshan Iron and Steel Co (Magang).

16 Aug 1993 - 12:00am

Steel alliances sought ahead of GATT

CHINA'S iron and steel industry is seeking foreign co-operation to improve efficiency and quality to counter the intense foreign competition expected when the country re-enters the General Agreement of Tariffs and Trade (GATT).

11 Aug 1993 - 12:00am