October 9 MetalBiz--Valin Steel began to integrate its steel pipes business by raising capital from its subsidiary, Valin Steel Pipe. On October 9, an announcement from Valin said...
Fortescue Metals Group Ltd announced today that the purchase agreement it signed with Hunan Valin Iron and Steel Group has been approved by China's National Development Reform Commission (NDRC). The agreement specifies that Valin will purchase 260 million new shares of Fortescue at A$2.48 per share, for...
Apr.1 MetalBiz--The Australian Ministry of Finance published a notice on March, 31, which approved Valin Iron and Steel Group to buy FMG 535 million shares with 826...
China's Hunan Valin Iron and Steel Group has raised its shareholding in Australia-based Fortescue Metals Group Ltd (Fortescue) to 17.4% from 16.48%, according to a statement made yesterday by the Australian Securities Exchange (ASX), sources reported.Valin has acquired 35 million shares in Fortescue...
SYDNEY, March 9 - Australian iron ore miner Fortescue Metals Group <FMG.AX> will raise an additional A$86.8 million ($56 million) from China's Hunan Valin Iron and Steel Group though a share issue, it said on...
BEIJING, March 2 - China's Hunan Valin Iron and Steel Group, the second-largest shareholder in Australian iron ore miner Fortescue Metals Group <FMG.AX>, will acquire two Chinese steelmakers this year, a local newspaper reported on...
Feb. 25, 2009 (China Knowledge) - China's Hunan Valin Iron and Steel Group is in talks with Australia-based Fortescue Metals Group Ltd (Fortescue) on acquiring a 13% stake in the latter, sources reported.
November 10 MetalBiz--On November 5, US Department of Commerce made a preliminary decision to levy up to 99.14% anti-dumping tax on oil well pipe from China, which...
April 16 MetalBiz--Valin Iron & Steel announced that steel price sharply dropped y-o-y in Q1 2009, which led to Q1 loss up to 380mln -390mln yuan...
November 2 MetalBiz--Hengyang Valin MPM Co., a subsidiary of Chinese steel maker-Valin Steel, plans to invest 1.68bln yuan in a seamless steel pipe project, with construction period of two...