Baosteel Group | South China Morning Post
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  • Apr 18, 2015
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Baosteel Group

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.

Baoshan takes stake in PetroChina pipeline

The 5,220-kilometre pipeline will stretch from Xinjiang Uygur autonomous region in the northwest to northern Guangdong. Photo: Xinhua

Baoshan Iron & Steel and its parent Baosteel Group have agreed to invest a total of 10 billion yuan (HK$12.3 billion) to take a minority stake in PetroChina's third west-to-east natural gas pipeline construction.

Friday, 21 December, 2012, 3:46am

Baosteel moving plants out of Shanghai to cut pollution

Baosteel moving plants out of Shanghai to cut pollution

Baosteel Group, the mainland's second-biggest steel producer, has begun moving part of its production facilities out of Shanghai in response to the city's efforts to reduce pollution.

17 Nov 2012 - 4:18am

Baosteel's sell down could signal start of rethink by state-owned enterprises

Baosteel said the China Construction Bank share sale, with the aim of raising HK$4 billion, was a "market operation". Photo: Reuters

China's leading steel manufacturer Baosteel's share divestment in China Construction Bank last week signals large state-owned enterprises hit hard by overcapacity could need to further jettison non-core assets to generate liquidity, analysts said.

13 Sep 2012 - 3:06am

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.

The bonds were expected to be launched, subject to market conditions, following a series of investor conference calls and meetings, a person familiar with the terms of the deal said.

21 Feb 2012 - 12:00am

Shenzhen bank wins nod to sell stake to Baosteel

Shenzhen Development Bank has won shareholders' approval to sell a 5.44 per cent stake to Baosteel Group for 4.22 billion yuan to help ease its financial needs.

21 Dec 2007 - 12:00am

Baosteel eyes stake in 19b yuan mill

Baoshan Iron and Steel, the listed arm of the mainland's largest steelmaker, said it might buy its parent's stake in a planned 19 billion yuan steel mill when the time is ripe.

7 Sep 2007 - 12:00am

'Iron Lady' retires as Baosteel chief

Xie Qihua yields to younger leaders after building the firm into a 142b yuan group

Xie Qihua, known as the 'Iron Lady', has finally stepped down as chairwoman of Baosteel Group, China's No1 steelmaker, according to the official People Daily website.

16 Jan 2007 - 12:00am

Baosteel discusses listing plan with advisers

Baosteel Group, China's largest steelmaker, has started laying the groundwork for its long-awaited overseas listing by engaging in talks with financial intermediaries, industry sources said.

11 Jan 2007 - 12:00am

Baosteel leads way on reform

In keeping with moves to promote transparency, top steelmaker buys shares in rival on the open market

China's biggest steelmaker has acquired 5 per cent of the sixth-biggest in the first large purchase on the open market since the country began its shareholding reforms a year ago.

2 Jun 2006 - 12:00am

'Iron Lady' steels firm for global consolidation

Outgoing chief Xie Qihua has been on a buying spree driven by her ambition to see Baosteel end up as one of a handful of giants left standing

15 May 2006 - 12:00am