BHP forges long-term deal with Baosteel Jul 4, 2008
Johannesburg - BHP Billiton on Wednesday announced it has, together with its joint venture partners, signed an agreement to supply Baoshan Iron and Steel (Baosteel) with an additional 94 million tons of iron ore. Baosteel is a leading steelmaker in China. (Business Report, South Africa)
Most Asia markets rise as traders buy oil stocks in China, HK; Nikkei down for 5th day Jun 25, 2008
Baoshan Iron & Steel jumped 5. 9 percent, rebounding a 7. (International Herald Tribune -- Technology)
BHP Billiton seeks to follow rival's lead on ore prices Jun 24, 2008
Shares of its listed subsidiary, Baoshan Iron and Steel, fell 7. 8 percent Tuesday on fears that higher ore costs would erode profit. (International Herald Tribune -- Business)
Markets: Oil extends gains and Asian stocks drop Jun 24, 2008
Among the big movers in the region, shares in Baoshan Iron and Steel, also known as Baosteel, fell as much as 10 percent after it agreed on the highest price increase in at least a decade for iron ore term contracts with Rio Tinto. But the Australia-listed shares of the mining giant Rio Tinto gained 1. (International Herald Tribune)
Asian Stocks Rise After U.S. Durable Goods Orders Gain; Toyota, BHP Climb May 29, 2008
Baoshan Iron & Steel Co. lost 2. 6 percent to 12. (Bloomberg -- Asia)
Baosteel Will Increase Iron-Ore Purchases From Fortescue, May Buy Stake May 29, 2008
Baoshan Iron & Steel Co., the publicly traded unit of Shanghai-based, state-owned Baosteel, fell 3. 5 percent to 12. (Bloomberg -- Australia & New Zealand)
Most Asian markets gain after recent losses; Japan's Nikkei rises 1.5 percent May 27, 2008
6 percent, and Baoshan Iron & Steel, China's biggest steelmaker by capacity, fell 1. 5 percent. (International Herald Tribune -- Travel)
Fortescue ships its first iron ore and attracts interest in China May 15, 2008
Fortescue said a 180,000-ton shipment went to Baoshan Iron & Steel, the biggest Chinese steel maker, which according to media reports is one of several Chinese firms seeking a stake in Fortescue in a bid to lock in steady supply of raw materials. Andrew Forrest, Fortescue founder, said he would welcome any Chinese firm as an investor. (International Herald Tribune -- Business)
China Forms Company to Make Regional and Jumbo Jets May 12, 2008
Major state-owned Chinese firms, including the parent groups of Aluminum Corp of China Ltd (Chalco) , Baoshan Iron and state oil trader Sinochem International will each invest one billion yuan in the company. 1. (ABC News -- Wire)
Chinese launches plane firm May 12, 2008
Other investors include state-owned mineral firms such as Chalco, Baoshan and Sinochem. AVIC is developing the 90-seat ARJ21 jet which is due to begin testing later this year, with its first deliveries expected in 2009. (BBC News -- Asia-Pacific)
Commercial Aircraft Corp. established by Beijing May 11, 2008
Major state-owned Chinese firms, including the parent groups of Aluminum Corp. of China, Baoshan Iron & Steel and the state oil trader Sinochem International will each invest 1 billion yuan in Commercial Aircraft Corp. of China. Chinese airlines, which Airbus estimates will need about 2,650 new passenger jets in the next 20 years, have been placing big orders with Boeing and its European rival in recent years to help keep pace with rapid economic growth. (International Herald Tribune -- Business)
Tourism still thriving in "old" neighborhood May 8, 2008
The interest and charm of the district attracts tourists from home and abroad who come to see first-hand well known streets and companies, such as Commercial Press, the Oriental Library and Baoshan Road, all a part of a bright page in Shanghai's modern history ... No. 2 on Baoshan Road of Zhabei district is the site of the Shanghai Workers' General Union established on May 30, 1925. (Xinhuanet, China)
China may agree 85% iron ore price rise May 6, 2008
Several Chinese industry sources believed that Baosteel, the state-owned parent of Baoshan Iron and Steel, might accept a premium on the top of the deal agreed with Vale after positive comments on steel prices by a Baosteel executive. Baoshan Iron and Steel President Fu Zhongzhe told the state-run China Securities Journal that the company's steel prices were likely to remain at a high level into the third quarter. (Sydney Morning Herald -- Business)
BHP, Rio Remind China Mills Of Spot Iron Price Clause -Indus Apr 21, 2008
Baosteel Group Corp., the parent of Shanghai-listed Baoshan Iron & Steel Co. ( 600019. SH), represented its units and other Chinese mills in agreeing to annual contract prices with Brazilian miner Companhia Vale Do Rio Doce (RIO) for 2008 that are 65% and 71% higher than 2007 prices, depending on ore quality. (CNNMoney.com)
ILOG Expands in China Apr 17, 2008
ILOG's customers include industry leaders like the China Construction Bank, CPIC, Baoshan Iron Corporation, Huawei and Shanghai Stock Exchange, and leading system integrator partners like Digital China, AsiaInfo and Neusoft. "ILOG's expansion in China is timely. There is a rising need for services and software to help Chinese companies better manage business change and complexity in this fast-moving economy," said Bounthara Ing, deputy CEO and executive vice president in charge of Asia Pacific... (PR Newswire)
China stocks slump to one-year low Apr 15, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
Rising yuan threatens small exporters in China Apr 10, 2008
"Big exporters like Baoshan Iron & Steel Co and shipping giant China Cosco Holdings know how to protect themselves against currency risk," said Matthew Kong, associate director of corporates at Fitch Ratings. "But not too many of the smaller firms are familiar with such instruments and they expose themselves to such risk.". (International Herald Tribune)
POSCO targets Daewoo Shipbuilding Apr 4, 2008
Taiwans China Steel Corp said in March it would raise its domestic steel prices 19% in the second quarter and Chinas Baoshan Iron and Steel hiked their product prices by a higher-than-expected 17-20. Separately, POSCO told the Korea stock exchange that the firm was considering buying a stake in a Chinese rival, as it seeks to expand its presence in the worlds largest but most fragmented steel market. (India Times)
Profit forecasts reduced for Chinese companies Apr 3, 2008
Baoshan Iron & Steel, the biggest Chinese steel producer, posted a surprise 3 percent drop in 2007 profit last week - the first annual fall since 2001. It faces a 65 percent jump in iron ore prices starting this month. (International Herald Tribune -- Business)
Major Asian markets rise after mixed day on Wall Street Apr 3, 2008
Baoshan Iron & Steel rose 5. 4 percent, after falling more than 27 percent in the past two weeks. (International Herald Tribune -- Sports)
Asian Stocks Rebound After Chicago Index Rises, Elpida Sets Price Increase Apr 1, 2008
Baoshan Iron, China's biggest steelmaker, tumbled 6. 2 percent to 11. (Bloomberg -- Asia)
China's key stock index drops 5.4% Mar 28, 2008
Steel shares were sharply lower, with Baoshan Iron and Steel falling 8. 99 percent to 13. (Xinhuanet, China)
Shanghai Stocks Dive, Rest of Asia Weakens Mar 27, 2008
State " Zip: Email: 12 ISSUES FOR $12.00 71% OFF! 24 ISSUES FOR $18.00 79% OFF! 36 ISSUES FOR $24.00 Best Deal! Print Send By V. Phani Kumar Asian markets mostly lost ground Thursday with Shanghai-listed stocks particularly weak, led by steel shares after Baoshan Iron & Steel Co. reported a drop in profit. Other markets in the region also declined as worries about the health of the U.S. economy and global financial markets hurt banking stocks such as Mizuho Financial Group in Tokyo, Commonwealth... (SmartMoney)
More mining alliances in China Mar 23, 2008
Speaking to reporters in Beijing, Albanese said he had no plans on this trip to meet executives from Baosteel Group, parent of Baoshan Iron and Steel, or from the China Iron and Steel Association. Albanese said Rio Tinto was without peer in discovering world-class mineral deposits, but these were expensive to exploit and required significant infrastructure investment. (India Times)
CORRECTED - CORRECTED-Rio wants more mining partnerships with ... Mar 23, 2008
Speaking to reporters in Beijing, Albanese said he had no plans on this trip to meet executives from Baosteel Group, parent of Baoshan Iron and Steel Co Ltd (600019. SS: , , ), or from the China Iron and Steel Association. (Reuters)
Rio Tinto wants more China partnerships Mar 22, 2008
Speaking to reporters in Beijing, Albanese said he had no plans on this trip to meet executives from Baosteel Group, parent of Baoshan Iron and Steel Co Ltd, or from the China Iron and Steel Association. Albanese said Rio Tinto, the world's second-biggest mining company, was without peer in discovering world-class mineral deposits, but these were expensive to exploit and required significant infrastructure investment. (Sydney Morning Herald -- Business)
Japanese, Korean Markets Rise Mar 21, 2008
Steel makers led gains, helped by news that China's economic planner has approved plans by Wuhan Iron and Baoshan Iron , or Baosteel, to build new steel production bases. Baosteel gained 5. (Rapid City Journal, SD)
* China Steel Corp raises prices Mar 7, 2008
On Feb. 25, Baoshan Iron Co (_), China's biggest steelmaker, said it would increase hot-rolled steel prices by as much as 20 percent in the second quarter. Nippon Steel Corp of Japan announced on Feb. 22 that it would hike prices by US$191 for domestic customers and by between US$200 and US$250 for exports. (Taipei Times, Taiwan -- World)
Hormel opens innovation center in China Feb 29, 2008
The center will be housed in a 5,000-square-foot facility adjoined to Hormel's processing plant in the Baoshan district of Shanghai. The center will both test and manufacture new products. (Twin Cities Business Journal, MN)
BHP, Mitsubishi May Win Doubling of Contract Coking Coal Price on Demand Feb 28, 2008
Asian steel mills including Nippon and Baoshan Iron & Steel Co. have raised prices for steel products to pass on higher raw material and fuel costs. Steel demand in China increased 46 million tons to 434. (Bloomberg -- Australia & New Zealand)
* Steel prices set for a big increase Feb 27, 2008
Baoshan Iron Co (_), the publicly traded unit of China's largest steelmaker, yesterday said it will raise prices for hot-rolled products by 20 percent and cold-rolled steel by 17 percent next quarter. This story has been viewed 584 times. (Taipei Times, Taiwan -- World)
Chinese to reject Rio's price bid Feb 22, 2008
The official China Daily reports that producers, including Jiangsu Shagang Group, Laiwu Steel and Baotou Steel, had already raised prices on a range of steel products in anticipation that Baoshan Iron and Steel (Baosteel) and Shougang Group would do so possibly as soon as this week. It quoted an unnamed industry source as saying Baosteel had already decided in an internal meeting on Thursday to raise its prices, and that the new price would fully cover its cost increases resulting from the... (Sydney Morning Herald -- Business)
Chinese shares down 3% after Wall Street decline Feb 22, 2008
89 yuan and Baoshan Iron and Steel lost 3. 86 percent to 17. (Xinhuanet, China)
China Takes A Shine To Rio Feb 6, 2008
For the last few months rumors have been flying about potential counter bidders for Rio Tinto, from Blackstone Group (nyse: - - ) to Baoshan Iron , to a Chinese sovereign wealth fund. Beijing seems to be behind this latest investment. (Forbes)
Markets this morning: China leaps higher Feb 4, 2008
China Petroleum & Chemical, or Sinopec, hit the 10% daily upside limit, as did Baoshan Iron & Steel and Jiangxi Copper. Copyright 2008 The Associated Press. (USA Today -- Money)
* Chinese emergency fund opened for farmers Feb 2, 2008
Shanghai-based Baoshan Iron Co (_), China's biggest steel maker, did not appear to be affected so far by the power shortages. But more than 50 others in eastern China and elsewhere were cutting production because of power rationing, shortages of coal and other raw materials and blocked transport, mysteel. (Taipei Times, Taiwan -- World)
BHP/Baosteel Deal Drives Shippers Higher Jan 31, 2008
Baoshan Iron , better known as Baosteel, signed an agreement with BHP Billiton (nyse: - - ) to buy 94 million tons of iron ore, although how much China will pay for the ore is still up in the air. Iron ore is one of the main ingredients in steel production. (Forbes -- Markets)
BHP Signs 10-Year Agreement to Supply Iron Ore to China's Baosteel Corp. Jan 30, 2008
Baoshan Iron & Steel Co., the listed unit of Baosteel, closed little changed at 15. 10 yuan from yesterday's 15. (Bloomberg -- Australia & New Zealand)
Harsh winter in China heightens economic fears Jan 29, 2008
In Shanghai, cargo ships docked at the Baoshan Port were delayed by snow that has hurt operations. Coal shipment delays have intensified power shortfalls. (International Herald Tribune -- Business)
China Counts Cost of Snowy Winter Chaos Jan 29, 2008
Cargo ships docked at Shanghai's Baoshan Port were also delayed by snow that has hampered operations. PRICE OF WILD WEATHER. (Planet Ark, United States)
Winter storms snag Chinese economy Jan 28, 2008
At least 10 container ships were stuck in the Shanghai port of Baoshan, unable to unload, because of the snow and several were back up at sea. On Sunday, China ordered urgent steps to fight the transport chaos. (International Herald Tribune)
Heavy snowfalls close 4 Shanghai expressways Jan 28, 2008
Cargo ships docked at Shanghai's Baoshan Port were also delayed by snow. Editor: Gao Ying. (Xinhuanet, China)
China shares yoyo in rocky rebound as Asia recovers following Fed cut Jan 23, 2008
40 yuan, while Baoshan Iron & Steel rose 6 percent to 16. 28 yuan. (International Herald Tribune)
China Stock Index Set for Longest Losing Streak in Seven Weeks; ICBC Falls Jan 17, 2008
Baoshan Iron & Steel Co. slid on concern demand for raw materials will drop ... Among materials producers, Baoshan Iron & Steel, the country's biggest maker of the alloy, slid 0. (Bloomberg -- Asia)
China A-shares tumble after reserve hike; key index closes below 5,200 -UPDATE Jan 17, 2008
Baoshan Iron Co Ltd (SHA 600019) declined 3. 79 pct to 17. (Forbes -- Markets)
Hour-by-hour forecast Jan 3, 2008
Melbourne, FL 32935 Last Updated: 01/03/08 07:15:48 EDT. C) Relative Humidity: 55% Visability: 10 miles (16 km). (Florida Today)
Chinese industrial firms post 36.7% gain Dec 28, 2007
Baoshan Iron & Steel, the biggest steel maker in the nation, said profit halved in the third quarter on higher costs for raw materials. China on Wednesday announced export tariffs on more steel products from Jan. 1 as the nation sought to rein in its record trade surplus. (International Herald Tribune -- Business Asia)
Borrowing costs spur rise Dec 26, 2007
Baoshan Iron & Steel led gains by steel makers on speculation that prices of the alloy will rebound ... Baoshan Steel, the biggest steel maker in China, advanced 2. (International Herald Tribune -- Business Asia)
China A-shares close mixed; Pacific Insurance surges on debut - UPDATE Dec 25, 2007
Steelmakers rose, with Baoshan Iron Co Ltd (SHA 600019) up 0. 47 yuan at 17. (Forbes -- Markets)
EU threatens to impose tariffs on steel from China Dec 15, 2007
The EU began an inquiry into whether Chinese exporters, including Baoshan Iron & Steel and Wuhan Iron & Steel, sell flat-rolled steel in the EU below cost, a practice known as dumping. The inquiry covers 1. (International Herald Tribune -- Business)
China Oriental agrees to takeover Dec 14, 2007
ArcelorMittal already holds about 29% stake in Hunan Valin Steel Tube and Wire Co, which trades in Shenzhen, and has 12% of a Shanghai-based venture with Nippon Steel Corp and Baoshan Iron & Steel Co that supplies auto sheets. Mittal is also still waiting for approval for his 2006 accord to buy a 38% stake in state-owned Laiwu Steel Corp after the Chinese government last year tightened scrutiny of acquisitions by overseas companies. (The Star Online, Malaysia -- Business)
Asian stocks rise as worries recede Dec 7, 2007
Baoshan Iron & Steel slid after The China Daily said its parent would not bid for Rio Tinto Group. MSCI's regional index had dropped as much as 11 percent from its Nov. 1 record on concern rising losses tied to investments in U.S. subprime, or higher risk, mortgages will slow growth in the largest market for Asian exports. (International Herald Tribune -- Business Asia)
Complete weather forecast Dec 7, 2007
Jackson, MS 39201 Last Updated: 12/07/07 07:45:24 EDT. C) Relative Humidity: 74% Barometer: 30. (The Clarion-Ledger)
Asian Stocks Rise to One-Month High on U.S. Growth Outlook; Samsung Gains Dec 6, 2007
Baoshan Iron & Steel Co. slid after the China Daily said its parent won't bid for Rio Tinto Group ... Baoshan Steel, the listed unit of Baosteel Group Corp., China's biggest steelmaker, dropped 0. (Bloomberg -- Asia)
China's Baosteel says no plan for Rio bid Dec 6, 2007
On Tuesday, a smaller paper, the 21st Century Business Herald, had quoted Mr. Xu as saying Baosteel, whose listed arm is Baoshan Iron & Steel Co., was considering a bid of at least $200-billion (U.S.) for Rio Tinto. BHP Billiton, the world's largest mining house, has approached third-ranked Rio Tinto with a $125-billion all-share takeover proposal. (Globe and Mail -- Business)
Chinese steel makers consider a bid for Rio Tinto Dec 5, 2007
Its listed arm, Baoshan Iron & Steel, which accounts for more than 75 percent of the parent's output, has a market value of just $35 billion, which might force it to seek partners if it wanted to make a bid for Rio. Shares of Baoshan Iron & Steel, the listed unit of Baosteel, rose 77 yuan, or 5. (International Herald Tribune)
China's Odds With Rio, Lehman's NYSE Move, Spacs' Win Dec 5, 2007
Baoshan Iron & Steel Co. and the country's largest steel producer by market value, climbed 5 ... Baoshan, for one, is a Shanghai-based unit of Baosteel Group Corp., a state-owned company. (Bloomberg -- Columnists)
Asian Stocks Drop for First Time in Four Days; BHP Billiton, Rio Decline Dec 4, 2007
Limiting declines, shares of Baoshan Iron & Steel Co., China's biggest steelmaker, jumped 4. 8 percent to 15. (Bloomberg -- Asia)
China A-shares close higher led by steelmakers - UPDATE Dec 4, 2007
Baoshan Iron Co Ltd (SHA 600019) soared 0. 77 yuan or 5. (Forbes -- Markets)
China's Baosteel may launch Rio Tinto bid Dec 4, 2007
Its listed arm, Baoshan Iron and Steel Co, which accounts for more than 75 percent of the parent's output, has a market value of just $35 billion, which might force it to seek partners if it wanted to make a bid for Rio. "It's still unclear whether Baosteel would do it on its own, to take a minority stake and gain a stable supply of iron ore," said Helen Lau, a China steel analyst at Daiwa Securities in Shanghai. (International Herald Tribune -- Business)
Report: Shanghai's Baosteel may head bid by Chinese steelmakers for Rio Tinto Dec 4, 2007
Shares in Baoshan Iron & Steel, Baosteel's publicly traded unit, surged 5. 2 percent Tuesday to 15. (International Herald Tribune)
China's Baosteel mulls Rio Tinto bid: report Dec 4, 2007
Shares in Chinese steel makers rose on the report, with Baoshan Iron and Steel Co., a unit of Baosteel, up 5. 15 per cent by midday. (Globe and Mail)
Will Baosteel launch bid for Rio Tinto? Dec 4, 2007
Its listed arm, Baoshan Iron and Steel Co, which accounts for more than 75 per cent of the parent's output, has a market value of just $35-billion, which might force it to seek partners if it wanted to make a bid for Rio ... 1 per cent by 11:00 (GMT), while in Shanghai, Baoshan Steel closed up 5. (Globe and Mail -- Business)
China A-shares close mixed; China Railway soars in debut - UPDATE Dec 3, 2007
30, after it announced plans to place 120 mln additional A-shares with Baosteel Group, parent of Baoshan Iron Co Ltd, at 35 ... Baoshan Iron Co Ltd (SHA 600019) gained 0. (Forbes -- Markets)
Will rising costs affect 9MP projects? Dec 3, 2007
Reuters reported recently that Chinese steel producer Baoshan Iron and Steel Co had announced that it was raising cold-rolled steel product price by 4% to 4,796 yuan per tonne while hot-rolled steel products was raised by 8% to 4,042 yuan per tonne from this quarter. The wire service, quoting an analyst, said this was to reflect the increase in the cost of production. (The Star Online, Malaysia)
