Baosteel

Shanghai Baosteel Group Corporation, usually known as Baosteel is a state-owned steel company which is one of the biggest steel producers in the world, based on output. Its 2000 initial public offering in Shanghai was the largest in China at the time even though it was restricted to domestic investors.

LISTINGS

Fortescue weighs IPO for ore venture

8 Apr 2013

Chief executive Neville Power said in a media briefing at the Boao Forum yesterday that the group was studying the feasibility of an initial public offering of FMG Iron Bridge, an iron ore project...

3:17AM

Briefs, January 10, 2013

10 Jan 2013

Unaudited net profit at Baoshan Iron & Steel, the country's largest listed steelmaker, rose about 40 per cent last year to 10.3 billion yuan (HK$12.8 billion), helped by the sale of some...

4:21AM

Hard-hit state firms may follow Baosteel's lead in selling assets

13 Sep 2012

Leading steel-maker Baosteel's share divestment in China Construction Bank last week shows large state-owned enterprises hit hard by overcapacity could need to further sell non-core assets to...

11:44AM

Baosteel behind sale of CCB shares

8 Sep 2012

A shareholder sold a large chunk of China Construction Bank shares yesterday, hoping to raise up to HK$4 billion, term sheets showed, without naming the vendor.

2:55AM

Baosteel behind HK$4 billion sell-off of CCB shares

7 Sep 2012

A mainland shareholder sold a large chunk of China Construction Bank on Friday, hoping to raise up to HK$4 billion, according to term sheets seen by the South China Morning Post.

10:35PM

Villagers pay high price for steel plant project

7 Jun 2012

Thousands of residents in Zhanjiang, Guangdong, have been left jobless, homeless and unemployed as a result of the local government's plan to invest 70 billion yuan (HK$85.6 billion) to create an...

4:54PM

Opinion

Michael Cox

The last straw for Terry Wong?

2:53PM

Jake Van Der Kamp

iBonds are little help in easing inflation and a bad bet financially

3:55AM

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.

12:49PM

Baosteel calls in BOC for yuan bond offer

Baosteel Group, China's second-largest steel producer, has mandated Bank of China as lead manager and book-runner for a proposed yuan-denominated bond offering.

8:00AM

Milestone in shipbuilding unveiled

The largest bulk vessel ever built in a shipyard in southern China stood berthed at a Longxue Island dock in Guangzhou for a naming ceremony yesterday that marked a milestone in the mainland's...

10:08AM

Hebei Steel out in front

Hebei Iron & Steel Group has overtaken Baoshan Iron and Steel as the industry leader after a string of domestic mergers, the Ministry of Industry and Information Technology said.

7:04PM

Steelmakers pin hopes on rise in product prices

Shares in mainland steelmakers surged yesterday amid industry optimism about the coming months, with mills expecting a recovery that began in the second quarter would continue.

7:19PM

Baosteel raises costs of key products

Baoshan Iron and Steel (Baosteel) has raised prices for its major products 10 to 16 per cent for July delivery, the first increases in four months, industry sources said, signalling the mainland's...

6:08AM