Arcelor Mittal

India long way off achieving medal success

The Indian community in London was agog at the appearance of Bollywood hero Abhishek Bachchan at Omega House, in the heart of Soho, the other night.

Wednesday, 15 August, 2012, 11:15pm

Steel giant phasing out Guangzhou production

Guangdong's steel giant is shifting its 15 million tonnes a year operation out of Guangzhou to an industrial hub 400 kilometres away.

The 35 billion yuan (HK$39.8 billion) move by the Guangdong Iron and Steel Group is seen as part of the company's long-awaited restructuring, while at the same time helping the environment.

12 May 2010 - 12:00am

Banks told to tighten lending to outdated steel producers

Beijing has asked banks to cut loans to steel mills operating with outdated facilities and those adding production without real demand, as part of its efforts to rein in overcapacity.

14 May 2009 - 12:00am

No rebound in steel until second quarter of next year, say experts

The mainland steel industry, the world's largest, would not see a significant rebound in demand until the second quarter of next year, even though Beijing had promised a series of measures to help, analysts and steelmakers said yesterday.

16 Dec 2008 - 12:00am

Steelmakers agree to cut output

Several major mainland steelmakers have agreed to cut production after prices have fallen more than 20 per cent from their peak and show no signs of rebounding even at the end of the lean season.

9 Oct 2008 - 12:00am

ArcelorMittal to dilute stake in China Oriental

ArcelorMittal, the world's largest steel producer, will seek to dilute its stake in China Oriental Group, a Hong Kong-listed mainland steel-maker, to meet regulatory requirements on a public float.

6 Feb 2008 - 12:00am

China Oriental dispute benefits all parties

The takeover battle over Hong Kong-listed steelmaker China Oriental Group that lasted for a few months has left everyone a winner; shareholders have seen the stock skyrocket and ArcelorMittal, the world's largest steelmaker, has gained a foothold in the mainland's fast-growing steel market.

17 Dec 2007 - 12:00am

ArcelorMittal stake deal upset as Laiwu Steel signals an end to sale

ArcelorMittal, the world's largest steelmaker, faces a new setback in its acquisition of a stake in Laiwu Steel, with the seller now signalling a reluctance to proceed with the sale.

14 Dec 2007 - 12:00am

Arcelor eyes majority stake in China Oriental

ArcelorMittal, the world's largest steelmaker, may raise its stake in Hong Kong-listed China Oriental Group to 73 per cent, potentially becoming the first foreign firm to take control of a mainland steelmaker, sources said.

23 Nov 2007 - 12:00am

ArcelorMittal buying 28pc of China Oriental

Steel giant ArcelorMittal has agreed to buy 28 per cent of mainland steelmaker China Oriental Group for US$647 million as it steps up expansion in the world's biggest market for steel.

8 Nov 2007 - 12:00am

ArcelorMittal courts steel cord producer

ArcelorMittal, the world's largest steelmaker, said it would pay US$26.6 million for 90 per cent of Rongcheng Chengshan Steelcord, a mainland producer of tyre wire, as it steps up expansion in the world's biggest steel market.

16 Oct 2007 - 12:00am

Lifestyles of the rich and famous

Bill Gates

Birthday: October 28, 1955

Nationality: American William Henry Gates III was rated the world's richest person from 1995 to 2007. His personal fortune is estimated at US$56 billion (HK$436 billion).

2 Oct 2007 - 12:00am

Iron Princess shows mettle in bid for firm

China Oriental vice-chairman toughs it out

Diana Chen Ningning, one of the mainland's richest women, usually likes to keep a low profile. But her hostile and increasingly acrimonious bid for Hong Kong-listed steelmaker China Oriental Group has made that a little difficult.

27 Aug 2007 - 12:00am

Nanjing Steel to revive troubled plant in Jiangsu

Nanjing Iron & Steel United, controlled by mainland conglomerate Fosun International, has won approval from top policymaker the National Development and Reform Commission to revive a troubled steelmaker, the Economic Observer reported.

The restructuring of Tieben Iron & Steel would still need the approval from the State Council, the paper said without giving details.

26 Jun 2007 - 12:00am

Nanjing Iron bemoans curbs on foreign investors

A ban on overseas steelmakers owning more than 50 per cent of a mainland steel manufacturer is making it difficult to attract foreign investment and technology transfers to the industry, according to the chairman of Nanjing Iron and Steel United.

15 Mar 2007 - 12:00am