China's industrial muscle weakened by slowdown Nov 26, 2008
Maanshan Iron and Steel's $3 billion steel mill, which was opened to help meet China's seemingly insatiable appetite for growth, has ground to a halt ... Maanshan Iron and Steel recently opened a giant $3 billion steel mill on the outskirts of this city ... Three blast furnaces and a line that produces H-beams for construction were also temporarily shuttered here at Maanshan, about an hour west of Nanjing. (International Herald Tribune)
Rio, BHP May Cut Iron Ore Prices 15% Next Year as Steel Mills Cut Output Nov 6, 2008
Maanshan Iron & Steel Co. and Shougang Corp. have said they are cutting output. To contact the reporters on this story: in Melbourne at ; in Melbourne at. (Bloomberg -- Australia & New Zealand)
BHP, Rio Lead Plunge in Commodity Producers on Concern Demand Will Decline Oct 16, 2008
Maanshan Iron & Steel Co. fell as much as 11 percent. We are asking the miners to push their shipments backward because we have cut output,'' said Tan Yixin, iron ore manager at Shougang Corp., a Chinese steelmaker. (Bloomberg -- Australia & New Zealand)
Wits Basin Executes $45 Million Letter of Intent with London Mining Aug 23, 2008
announced today that London Mining Plc, a leading international mining and development company for the steel industry, has agreed in principle, subject to due diligence and finalization of definitive documentation, to become a 50/50 joint venture partner for the Company's iron ore project located near Maanshan, Anhui Province in the People's Republic of China. Under the terms of the agreement, London Mining would provide US$45,000,000 in exchange for a 50 per cent equity interest in the project. (MarketWatch)
China Stocks Mark Olympics With Dive Aug 8, 2008
And among steelmakers, Angang Steel Co. gave up 6% in Shenzhen, while Maanshan Iron Co. shed 5. 1. (SmartMoney)
Chinese infrastructure companies prepare for rise in demand after earthquake Jun 12, 2008
Apart from obvious beneficiaries in cement and infrastructure, like Anhui Conch and Maanshan Iron and Steel, other companies mentioned have been telecommunication equipment providers like ZTE and vehicle makers like Sinotruk. China has sketched out a blueprint for rebuilding that includes hospitals, roads, power grids and telecommunications. (International Herald Tribune -- Business)
Despite Strains, Sponsors Look for Olympic Boost Jun 2, 2008
The match was part of a family day with 800 children of Maanshan Iron Co. employees, one of a series of Olympic-themed BHP events meant to nurture ties with Chinese customers and officials. "This country is critical to our business," said Karen Wood, a BHP Billiton group executive. (ABC News -- Wire)
Shanghai Stock Market Slumps, Tokyo Higher Apr 18, 2008
Maanshan Iron & Steel Co. slipped 1. 7%, on top of its 4. (SmartMoney)
Shanghai Stocks Dive, Rest of Asia Weakens Mar 27, 2008
" Shares of Baoshan Iron & Steel, the mainland's largest steelmaker, tumbled 9%, after it reported a 3% decline in 2007 net income on higher costs, disappointing the market. Shares of other steelmakers also dropped, with Wuhan Iron & Steel Co. sinking 8.9% and Maanshan Iron & Steel Co. losing 5.4%. The performance in Shanghai also weighed on Hong Kong, where the Hang Seng China Enterprises Index fell 0.3% to 11,828.84. It was a zig-zag session for the benchmark Hang Seng Index , which ended 0.2%... (SmartMoney)
China's global trade surplus up 47% Jan 12, 2008
Qilai Shen / Bloomberg NewsA worker inspects stacks of train wheels at a factory in the Anhui province of Maanshan ... Qilai Shen / Bloomberg NewsA worker inspects stacks of train wheels at a factory in the Anhui province of Maanshan. (Los Angeles Times)
China A-shares close lower on consolidation; energy, steel firms retreat -UPDATE Nov 15, 2007
Maanshan Iron Co Ltd (SHA 600808; HK 0323) shed 0. 30 yuan to 8. (Forbes -- Markets)
Asian Stocks Rise Third Week, Led by Woodside, AU Optronics; Mizuho Falls Sep 8, 2007
Maanshan Iron & Steel Company Ltd., the publicly traded unit of China's sixth-biggest steelmaker, gained 13 percent to 12. 02 yuan. (Bloomberg -- Asia)
China stock indexes hit record highs Tuesday on gains by steel companies Aug 8, 2007
80 yuan, and Maanshan Iron & Steel rose 6 percent to 9. 60 yuan. (San Diego Union-Tribune -- Business)
China's Steel Subsidies Total $52 Billion, Report Finds Jul 31, 2007
The study incorporates data on many, but not all of China's largest steelmaking groups, including Angang, Baosteel, Laiwu, Maanshan, Shougang, and Wuhan. The full scope of the subsidy is greater than $52 billion, according to the report, because the number of groups studied was limited. (33Metalproducing)
Asian markets post modest gains Jul 2, 2007
71 yuan; Maanshan Iron & Steel gained 2. 4 percent to 6. (International Herald Tribune -- Business)
Australia's RAMS may raise $608 million Jun 21, 2007
China Oriental shares have lagged behind those of rivals like Maanshan Iron & Steel and Angang Steel, rising only 13 percent since its initial offering in Hong Kong more than three years ago. Including dividends, the steel maker's total returns were a negative 4 percent, the statement said. (International Herald Tribune -- Business Asia)
Steel exports may rebound on wider price gap Jun 11, 2007
"It's quite clear now that prices in the second half will fall," Li Jianshe, marketing manager of Maanshan Iron & Steel Co. "I don't think domestic supply can stop the growing pace.". The government has announced a range of measures, including reducing and removing export tax rebates, imposing and increasing export taxes on some steel products and billets, and requiring export licenses for certain products, to rein in China's swelling steel exports which had more than doubled in 2006. (Xinhuanet, China)
Hot market may cool: experts May 11, 2007
57 yuan, while Maanshan Iron , surged 9. 86 percent to close at 9. (People's Daily Online, China)
