China is promoting mergers among its largest producers to combat chronic overcapacity, boost its influence over prices and create fewer, more profitable mills
2 min read1 Nov 2016Shanghai Baosteel Group Corp. and Wuhan Iron & Steel Group Corp. had a combined market value of $16.3 billion, and capacity of more than 70 million tonnes
2 min read27 Jun 2016The Visa Steel Ltd stock zoomed 20% to `16.38its highest trading permissible limitfor the day on BSE
1 min read10 Jun 2016The credit of commodity-linked firms has become one of the biggest risk in global markets
3 min read4 Jan 2016The company is also looking to merge Visa Bao Ltd, a joint venture of Baosteel and Visa Steel, with itself
1 min read22 Aug 2015The merger will result in Baosteel, world's second-largest steelmaker, getting close to 10% stake in Visa Steel
3 min read2 Jul 2014Aquila rejects rival $1.45 billion all-share offer; Aquila boss Tony Poli plans to accept Baosteel, Aurizon bid
2 min read18 Jun 2014India slips to world’s 4th largest steel maker’ spot in 2010
1 min read30 Jun 2011Posco Q2 profit near 2-year high; slow H2 seen
1 min read13 Jul 2010The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared