Angang Steel Co Ltd

Type: Company
Name: Angang Steel Co Ltd
Nationality: China
Web Address: http://www.ansteel.com.cn/
Fact Sheet: Fact Sheet for Angang Steel Co Ltd
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Karara secures $400m loan (Geraldton Newspapers)

Karara Mining Limited has attracted more than $400 million in bank finance to bolster its operations for the next three years.The operator of a significant iron ore project 200 kilometres east of Geraldton has executed documentation with China Development ... [Published Yahoo! News Australia - Aug 29 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

Karara adds to debt with $428m loan (The West Australian)

Gindalbie Metals' loss-making Karara magnetite project has been loaded up with more debt after signing a $US400 million ($428 million) loan facility with China Development Bank and Bank of China.The new loan was announced this morning, just three months ... [Published West Australian - Aug 28 2014]
First reported Aug 16 2014 - Updated Aug 16 2014 - 1 reports

Gindalbie shares fall further after $640m impairment announcement

Gindalbie Metals has seen the value of its stake in Karara Mining cut by about $640 million.Shares in the company were placed in a trading halt on July 31, pending the announcement.They fell more than 17 per cent when trading reopened on the back of the ... [Published News.net - Aug 16 2014]
First reported Aug 14 2014 - Updated Aug 14 2014 - 2 reports

Ansteel sees increased revenue and output in H1

On August 13, Liaoning Province-based Chinese steelmaker Angang Steel Co. (Ansteel) announced that it achieved an operating revenue of RMB 38.177 billion ($6.18 billion) in the first half of the current year, up 3.4 percent year on year. In the given ... [Published SteelOrbis - Aug 14 2014]
First reported Aug 14 2014 - Updated Aug 14 2014 - 1 reports

ANGANG STEEL : H1 Net down 17.81%

SHANGHAI , August 14 , SinoCast -- Angang Steel gained CNY 38.18 billion incomes in the first half of the year, up 3.4% year on year; it made CNY 577 million net profits, down 17.81%, and achieved CNY 0.08 earnings per share.The company produced 10.98 ... [Published 4 Traders - Aug 14 2014]
First reported Aug 14 2014 - Updated Aug 14 2014 - 3 reports

[I-bank focus]UOBKH lifts Angang Steel (00347) to HK$5.9

] UOB Kay Hian raised its target price for AngangSteel (00347) to HK$5.9 from HK$3.5, and upgraded the stock to "hold" from "sell".The research house said 1H net profit fell 18% yoy to RMB577m due to margin squeeze. Itsimproved operational efficiency ... [Published etnet.com.hk - Aug 14 2014]
First reported Aug 13 2014 - Updated Aug 13 2014 - 1 reports

Ansteel, COSCO in Talks on Setup of Logistics JV

Ansteel Group and COSCO Group are in talks over establishment of a logistics venture so as to ensure smooth shipment of Australian magnetic iron concentrate from Karara mine to China. Ansteel vice general manager shows that the two have reached an initial ... [Published Individual.com - Aug 13 2014]
First reported Aug 13 2014 - Updated Aug 13 2014 - 1 reports

BRIEF-China Angang Steel's H1 net profit down 17.8 pct

Reuters  –Aug 13 (Reuters) - Angang Steel Co Ltd* Says H1 net profit down 17.8 percent y/y at 577 millionyuan(93.77 million US dollar)Source text in Chinese: http://bit.ly/1sRsuZBFurther company coverage:(1 US dollar = 6.1531 Chinese yuan)(Reporting by ... [Published Yahoo! Malaysia - Aug 13 2014]
First reported Aug 12 2014 - Updated Aug 12 2014 - 3 reports

Kobe Steel and Angang start China JV

Kobe Steel and China's Angang Steel Company, a subsidiary of Anshan Iron & Steel Group Complex, have established a joint venture known as Kobelco Angang Auto Steel Co in China to produce and sell cold-rolled high-strength steel sheet for automobiles. ... [Published Just-Auto - Aug 12 2014]
Entities: Kobe Steel Ltd, China, Steel
First reported Aug 12 2014 - Updated Aug 12 2014 - 1 reports

[I-bank focus]BofAML lifts Angang Steel (00347) to HK$5.8

] BofA Merrill Lynch lifted its target price forAngang Steel (00347) to HK$5.8 from HK$5.6 due to higher forecast EPS in 2015, andmaintained its "neutral" rating.The research house noted that Angang announced last week that its 51%-owned JV with Kob ... [Published etnet.com.hk - Aug 12 2014]
First reported Aug 11 2014 - Updated Aug 11 2014 - 4 reports

Gindalbie's $640m writedown of Karara project could spell end

The spectacular decline of magnetite developer Gindalbie Metals has accelerated, with the struggling miner reporting a $640 million write-down of its stake in the Karara project.In a move that virtually removes any value for the company's stake in the ... [Published WA Today - Aug 11 2014]
First reported Aug 07 2014 - Updated Aug 07 2014 - 2 reports

Kobe Steel and Angang Steel establish joint venture to make automotive cold-rolled high-strength steel in China

The information on this Web site is presented "as is." Product availability, organization, and other content may differ from the time the information was originally posted. Changes may take place without notice. TOKYO, August 7, 2014 - Kobe Steel, Ltd. ... [Published Noodls - Aug 07 2014]

Quotes

Mr Morgan said that "The Australian producers are not yet at a level where they would think about things like shutting. The local miners were focused on reducing costs further. You don't tend to see people shut until they've made significant losses for a period of time."
"In terms of the current momentum you could see another $2-3 tonne decline but a relief rally is potentially likely later in the year" he told the ABC
"The new loan facility affirms the strong ongoing support Karara has received from existing relationship banks, together with the continued commitment of its shareholders AnSteel and Gindalbie."

More Content

All (46) | News (44) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
sort by: Date | Relevance
Iron ore producers and miners under pressure as... [Published Steel Guru - Aug 31 2014]
Iron ore producers, miners under pressure as sp... [Published Yahoo! News Australia - Aug 29 2014]
Iron ore producers feel the heat from lower prices [Published ABC Online - Aug 29 2014]
Karara secures $400m loan (Geraldton Newspapers) [Published Yahoo! News Australia - Aug 29 2014]
Karara adds to debt with $428m loan (The West A... [Published West Australian - Aug 28 2014]
China's Direct Losses In The Australian Iron Or... [Published Forbes.com - Aug 25 2014]
Baosteel first-half net drops 14.8% on weak ste... [Published Global Times - Aug 24 2014]
China's Baosteel first-half net drops 14.8 pct ... [Published Sharenet - Aug 22 2014]
Maanshan sees H1 loss more than double to CNY 7... [Published Steel Guru - Aug 22 2014]
[I-bank focus]BofAML ups Angang (00347) to "buy... [Published etnet.com.hk - Aug 19 2014]
Gindalbie shares fall further after $640m impai... [Published News.net - Aug 16 2014]
Ansteel sees increased revenue and output in H1 [Published SteelOrbis - Aug 14 2014]
ANGANG STEEL : H1 Net down 17.81% [Published 4 Traders - Aug 14 2014]
[I-bank focus]UOBKH lifts Angang Steel (00347) ... [Published etnet.com.hk - Aug 14 2014]
[I-bank focus]Jefferies lowers Angang Steel (03... [Published etnet.com.hk - Aug 14 2014]
Angang Steel (00347) interim net down 17.8% to ... [Published etnet.com.hk - Aug 14 2014]
Ansteel (000898.SZ) H1 net profits down 17.81pc... [Published Individual.com - Aug 14 2014]
Ansteel, COSCO in Talks on Setup of Logistics JV [Published Individual.com - Aug 13 2014]
Power Construction Corporation of China (A) (Ch... [Published FTSE - Aug 13 2014]
BRIEF-China Angang Steel's H1 net profit down 1... [Published Yahoo! Malaysia - Aug 13 2014]
Kobe Steel and Angang start China JV [Published Just-Auto - Aug 12 2014]
ANGANG STEEL : Teams up with 2 Sister Firms [Published 4 Traders - Aug 12 2014]
Kobe Steel and Angang Steel establish JV to mak... [Published Steel Guru - Aug 12 2014]
Gindalbie takes hit on Karara iron ore mine [Published Steel Guru - Aug 12 2014]
[I-bank focus]BofAML lifts Angang Steel (00347)... [Published etnet.com.hk - Aug 12 2014]
Gindalbie's $640m writedown of Karara project c... [Published WA Today - Aug 11 2014]
GINDALBIE METALS : Karara completes sale of tra... [Published 4 Traders - Aug 11 2014]
Gindalbie shares fall after $640 million impair... [Published ABC Online - Aug 11 2014]
Gindalbie takes hit on Karara iron ore mine [Published Argus Media - Aug 11 2014]
Gindalbie takes $640m hit on Karara (The West A... [Published Yahoo! News Australia - Aug 11 2014]
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