Australian mining company Aquila Resources Ltd. announced Tuesday the cooperation agreement between Baoshan Iron & Steel Co., Ltd. (Baosteel), China's largest steelmaker, and Aquila has been approved by the Chinese government. The two companies signed a cooperative agreement for Baosteel to inves...
Baosteel Group, parent of China's largest steelmaker, Baoshan Iron and Steel Co<600019>, has secured approval from Chinese regulators to buy into Australian miner Aquila Resources Ltd, sources reported. Baosteel has proposed to buy up to a 15% stake in Aquila for A$285.6 million. Upon the completion of the...
November 12 MetalBiz--On November 11, Baosteel announced its price adjustment policy for December. After the price decreased for two consecutive months, the price of CR and...
SYDNEY, Oct 30 - Australia has given foreign-investment approval for Chinese steel-maker Baosteel <600019.SS> to take a 15 percent stake iron ore explorer Aquila Resources <AQA.AX>, Aquila said on Friday. The government will also allow...
Baoshan Iron and Steel<600019>, a leading steel producer in China known as Baosteel, will cut its prices for major steel products in November by RMB 250 to RMB 500 per ton, sources reported.According to a statement Baosteel released on Saturday, Baosteel will slash the prices of hot- and cold-rolled steel...
October 9 MetalBiz--It is reported that Baosteel as the largest steel manufacturer in China plans to form strategic alliance with AngloAmerican. According to the report, Baosteel has proposed...
* Cut Oct hot-rolled coil price to 4,342 yuan a tonne * Kept cold-rolled steel coil unchanged at 5,376 yuan/T SHANGHAI, Sept 7 - China's Baoshan Iron and Steel Co Ltd (Baosteel) has cut the...
August 31 MetalBiz--On August 30, reporters learned from Baosteel, the first steel giant, its net profit was 669mln yuan in H1, down 92.77% over the 9.225bln yuan in the same period last year...
SHANGHAI, Aug 28 - China's top steelmaker Baosteel posted an 89 percent drop in second-quarter net profit, hit by slow global demand and weak steel prices. The world's third-largest steelmaker's April-June net profit fell to...
August 28 MetalBiz--On August 27, Baosteel Group inked a shareholding co-operation agreement with Aquila, and then Baosteel Group will buy 15% stock of Aquila, becoming the second-largest...