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Industrial SOEs See Healthy Gains in 2016
Mar 3, 2017China's State-owned industrial enterprises, which account for the majority of China's SOEs, ended two years of losses in 2016 and reaped good returns on the back of structural optimization. In 2016, the profits of State-owned industrial ...
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Merged Steel Giant to Get 2 HQs: Report
Nov 19, 2016China's Baosteel Group will have dual headquarters following its merger with smaller rival Wuhan Iron and Steel (Group) Corp, according to Shanghai-based newspaper The Paper. The newly merged steel giant will have headquarters in both ...
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Largest Smelter Sees Big Profits
Oct 31, 2016Baosteel Group, the largest steel smelter in China by output, has predicted yearly profit growth of six to eight fold this year. The company registered 8.1 billion yuan ($1.2 billion) of profits in the first three quarters, up 174.6 ...
Tags: Iron, Steel, Steed Bar, Medium Plates, Cold-Rolled Sheets
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Baosteel Has Issued Its Financial Report for The First Nine Months of The Current Year
Nov 3, 2014Shanghai-based Chinese steelmaker Baoshan Iron and Steel Co. Ltd (Baosteel) has issued its financial report for the first nine months of the current year, announcing an operating revenue of RMB 143.592 billion ($23.39 billion), up 0.93 ...
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Baosteel Has Issued Its Financial Report for The First Half of The Current Year
Aug 26, 2014Shanghai-based Chinese steelmaker Baoshan Iron and Steel Co. Ltd (Baosteel) has issued its financial report for the first half of the current year, stating that in the given period it achieved an operating revenue of RMB 97.598 billion ...
Tags: Baosteel, Financial Report, Metallurgy
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Mineral Resources Announced That It Acquired a 12.78 Percent Stake in Australia Resources
Jun 13, 2014Australia-based miner Mineral Resources has announced that it has acquired a 12.78 percent stake in Australia's Aquila Resources Limited, buying more than 52 million shares in the company. Mineral Resources stated that it has the financial ...
Tags: Mineral Resources, miner
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Australia's Atlas Iron in May Made Its First Iron Ore Sale for Delivery Into India
Jun 5, 2014Australia's Atlas Iron in May made its first iron ore sale for delivery into India and is looking to add other Asian and European destinations, it said in a presentation Tuesday. China has been Atlas' traditional offtake market, with the ...
Tags: Iron Ore, Iron ore prices
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Baostee Has Signed a Cooperation Agreement with Hubei Province
May 16, 2014Major Chinese steelmaker Baosteel has announced that it has signed a cooperation agreement with Hubei Province-based car producer Dongfeng Renault Automotive Co Ltd. The agreement will cover five separate projects during the 2014-15 period. ...
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Domestic Spot Prices of High Carbon Ferrochrome in China Were at Yuan 6,600-6,800/Mt
May 7, 2014China's Jiuquan Iron & Steel has cut its high carbon ferrochrome purchase price by Yuan 100/mt ($16/mt) on the month to Yuan 6,500/mt (80 cents/lb), including 17% VAT, for May deliveries, industry sources said Monday. The drop was larger ...
Tags: Jiuquan Steel, Ferrochrome
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Aquila Resources Limited Received a a$1.42 Million Takeover Offer
May 6, 2014Australia-based Aquila Resources Limited has announced that it has received a A$1.42 million takeover offer from Baosteel Resources Australia Pty Ltd (Baosteel) and Australian rail and logistics company Aurizon Operations Limited (Aurizon) ...
Tags: Baosteel, Aurizon, Aquila Resources
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Baosteel Announced an Operating Revenue of RMB 46.748 Billion
May 4, 2014Shanghai-based Chinese steelmaker Baoshan Iron and Steel Co. Ltd (Baosteel) has issued its financial report for the first quarter of the current year, announcing an operating revenue of RMB 46.748 billion ($7.63 billion), up 0.85 percent, ...
Tags: Baosteel, steelmaker
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Domestic Spot Prices of High Carbon Ferrochrome in China Were Unchanged
Apr 25, 2014Domestic spot prices of high carbon ferrochrome (50% basis Cr) in China were unchanged week-on-week at Yuan 6,600-6,800/mt (81-83.5 cents/lb) delivered with 17% VAT on Wednesday as the market waited for May purchase prices from the ...
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Mechel Provides for an Increase in Coking Coal Supplies to China's Baosteel
Apr 15, 2014Mechel, one of the leading Russian mining and steel companies, has announced that its contract with Baosteel Resources, the raw materials-focused wholly-owned subsidiary of Chinese steelmaking major Baosteel, which provides for an increase ...
Tags: mining, steel companies, Mechel
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Baosteel Has Issued Its Financial Report for 2013
Apr 2, 2014Shanghai Province-based Chinese steelmaker Baoshan Iron and Steel Co. Ltd (Baosteel) has issued its financial report for 2013, stating that in the given year it achieved an operating revenue of RMB 189.688 billion ($31.1 billion), down 0.76 ...
Tags: Steel, Baosteel, Metallurgy, Mineral
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Subsidiary Bayi Iron and Steel Actively Focused on The Central Asian Market
Mar 10, 2014On March 6, Chinese steel giant Baosteel Group stated that its Xinjiang-based subsidiary Bayi Iron and Steel Co. (Bayi Steel) actively focused on the Central Asian market amid sluggish domestic market conditions last year. In 2013, Bayi ...
Tags: Bayi Steel, Substantial Growth
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