Baosteel News

Industry

China steel behemoth gets finishing touches

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 2016
Industry

China eyes steel merger to create rival to ArcelorMittal

Shanghai 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 2016
Market

Visa Steel stock soars as much as 20% on JV firm’s merger plan

The Visa Steel Ltd stock zoomed 20% to `16.38its highest trading permissible limitfor the day on BSE

1 min read10 Jun 2016
Market

What commodities will look like in 2016

The credit of commodity-linked firms has become one of the biggest risk in global markets

3 min read4 Jan 2016
Companies

China’s Baosteel to pick up 5% stake in Visa Steel

The company is also looking to merge Visa Bao Ltd, a joint venture of Baosteel and Visa Steel, with itself

1 min read22 Aug 2015
Companies

Visa Steel to merge Baosteel JV with itself

The merger will result in Baosteel, world's second-largest steelmaker, getting close to 10% stake in Visa Steel

3 min read2 Jul 2014
Companies

Australia’s Aquila bows to Baosteel’s $1 billion bid

Aquila rejects rival $1.45 billion all-share offer; Aquila boss Tony Poli plans to accept Baosteel, Aurizon bid

2 min read18 Jun 2014
Companies

POSCO Q3 profit up 6%, meets forecast

POSCO Q3 profit up 6%, meets forecast

1 min read21 Oct 2011
Companies

India slips to world’s 4th largest steel maker’ spot in 2010

India slips to world’s 4th largest steel maker’ spot in 2010

1 min read30 Jun 2011
Companies

Posco Q2 profit near 2-year high; slow H2 seen

Posco Q2 profit near 2-year high; slow H2 seen

1 min read13 Jul 2010
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Budget

The 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

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