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 Sep 18 2014 - Updated Sep 18 2014 - 1 reports

Adams Hill Capital 2014 Q2 Investor Letter

Insider Monkey obtained Andrew Schwartz’s and Adams Hill Capital’s 2014 Q2 investor letter. Andrew Schwartz previously worked at Steven Cohen’s SAC Capital investing in basic materials, metals, mining, industrial, and energy shares. You can see their ... [Published InsiderMonkey.com - Sep 18 2014]
First reported Sep 17 2014 - Updated Sep 17 2014 - 2 reports

U.S. Steel Announces Strategic Actions, Updates Q3 View - Analyst Blog

The company noted that the amount saved through these actions will be redirected to other projects such as developing advanced high strength steel for the automotive and energy industries as well as to update and modernize its operations.U.S. Steel also ... [Published Nasdaq - Sep 17 2014]
First reported Sep 13 2014 - Updated Sep 13 2014 - 1 reports

Chinese steel giant Ansteel demolishes outdated coking furnaces

(Follow @steelguru on Twitter for important updates)Xinhua reported that Chinese steel giant Anshan Iron and Steel Group Corporation (Ansteel) began the process of dismantling six outdated coking furnaces as the company works to meet modern pollution ... [Published Steel Guru - Sep 13 2014]
First reported Sep 12 2014 - Updated Sep 12 2014 - 1 reports

Chinese iron-ore investments in Australia face cave-in

An iron-mining gambit by Asian investors to break Australian magnates' hold on the industry has backfired,  The Wall Street Journal  reported. Companies including China's Ansteel Mining and Japan's Mitsubishi (8058.TYO) have halted or scaled back plans ... [Published China Economic Review - Sep 12 2014]
First reported Sep 11 2014 - Updated Sep 12 2014 - 1 reports

Largest China presence at Hamburg summit

China will send its largest-ever delegation to the sixth meeting of the Hamburg Summit in Germany, scheduled for October 10-11.This event, titled "Hamburg Summit: China meets Europe," will draw a host of political, economic and academic leaders to discuss ... [Published Global Times - Sep 11 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 3 reports

Ansteel demolishing outdated furnaces

Chinese Anshan Iron and Steel Group Corporation (Ansteel) began the process of dismantling six outdated coking furnaces as the company works to meet modern pollution standards.Excavators and forklifts began taking apart four coking furnaces on Wednesday. ... [Published Global Times - Sep 11 2014]
First reported Sep 10 2014 - Updated Sep 10 2014 - 2 reports

Daiwa : lowers Angang Steel to "hold"

] Daiwa Research cut its target price for AngangSteel (00347) to HK$5.2 from HK$6.6 , and downgraded the stock to "hold" from "buy".The research house considers Angang to be a quality name in the China steel business, asit sees good visibility for an ... [Published 4 Traders - Sep 10 2014]
First reported Sep 09 2014 - Updated Sep 09 2014 - 1 reports

Ansteel Group to Buy into E United Group's Stainless Steel Mill in China

Ansteel Group, China's fifth-largest steel and iron supplier by size, will reportedly acquire a 60% stake in Lianzhong Guangzhou Stainless Steel Corp., a stainless steel maker fully owned by Taiwan-based E United Group, a conglomerate of steel, realty ... [Published CENS.com - Sep 09 2014]
First reported Sep 04 2014 - Updated Sep 04 2014 - 1 reports

Among the Fortune 500, size isn’t everything

Illustration: Lu Ting/GTA record 100 Chinese corporations made the Fortune Global 500 list this year, including 91 companies from the Chinese mainland.The list shows that Chinese companies are rising in international stature. However, according to a report ... [Published Global Times - Sep 04 2014]
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 25 2014 - Updated Aug 25 2014 - 1 reports

China's Direct Losses In The Australian Iron Ore Industry Hit $10 billion

Not many investors can afford to commit more capital after posting losses approaching $10 billion, with the added indignity of a local partner hurling insults, but that’s been China’s recent experience of the Australian iron ore industry.The money has ... [Published Forbes.com - Aug 25 2014]

Quotes

"If you haven't got your existing infrastructure in play, it makes things very difficult. BHP and Rio will kill it for a long long time; the price needs to drop below 60 in order to bother them. But companies in the seventies and eighties that can't reduce their costs and get extra tonnes out are really going to hurt. Companies that are suffering from infrastructure bottlenecks and can't get a product to port, for example, are going to be in trouble."
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."

More Content

All (44) | News (42) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
sort by: Date | Relevance
Adams Hill Capital 2014 Q2 Investor Letter [Published InsiderMonkey.com - Sep 18 2014]
U.S. Steel Announces Strategic Actions, Updates... [Published Nasdaq - Sep 17 2014]
U.S. Steel Announces Strategic Actions, Updates... [Published Zacks.com - Sep 17 2014]
Chinese steel giant Ansteel demolishes outdated... [Published Steel Guru - Sep 13 2014]
Global Structural Steel Industry Report 2014 [Published Individual.com - Sep 12 2014]
Chinese iron-ore investments in Australia face ... [Published China Economic Review - Sep 12 2014]
Largest China presence at Hamburg summit [Published Global Times - Sep 11 2014]
Ansteel demolishing outdated furnaces [Published Global Times - Sep 11 2014]
Chinese steel giant demolishes outdated coking ... [Published Namibia Press Agency - Sep 11 2014]
China to send largest-ever delegation to Hambur... [Published Individual.com - Sep 11 2014]
Chinese steel giant demolishes outdated coking ... [Published Xinhua News Agency - Sep 11 2014]
Daiwa : lowers Angang Steel to "hold" [Published 4 Traders - Sep 10 2014]
Daiwa downgrades China steel sector, Maanshan Iron [Published CCB International - Sep 10 2014]
Ansteel Group to Buy into E United Group's Stai... [Published CENS.com - Sep 09 2014]
Iron ore price collapse squeezing second-tier p... [Published Brisbane Times - Sep 08 2014]
Among the Fortune 500, size isn’t everything [Published Global Times - Sep 04 2014]
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]
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