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Maanshan Iron & Steel Co Ltd (600808.SS)

600808.SS on Shanghai Stock Exchange

2.65CNY
22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Maanshan Iron & Steel to return to profit in H1
Wednesday, 13 Jul 2016 05:21am EDT 

Maanshan Iron & Steel Co Ltd <600808.SS><0323.HK> :Says it expects H1 to return to net profit of about 450 million yuan ($67.26 million) versus net loss of 1.2 billion yuan year ago.  Full Article

Maanshan Iron & Steel announces no dividend payment for 2015
Wednesday, 30 Mar 2016 08:00pm EDT 

Maanshan Iron & Steel Co Ltd:To pay no dividend to shareholders for 2015.  Full Article

Maanshan Iron & Steel issues 2015 net profit outlook below I/B/E/S estimates
Friday, 29 Jan 2016 07:00pm EST 

Maanshan Iron & Steel Co Ltd:Sees net profit for 2015 to be a loss of 4,823,530,000 yuan, compared to net profit of 2014 (220,620,000 yuan).Comments that decreased sales of steel business is the main reason for the forecast.2015 reported net income of a loss of 1,453.56 million yuan – Thomson Reuters.  Full Article

Maanshan Iron & Steel to set up joint venture with ASCO INDUSTRIES
Tuesday, 27 Oct 2015 08:00pm EDT 

Maanshan Iron & Steel Co Ltd:To invest 24 mln euros to set up joint venture in Maanshan, Anhui, with France-based company ASCO INDUSTRIES.To hold 75 pct stake in the JV, which to be engaged in steel rod and bar business.  Full Article

Maanshan Iron & Steel issues 2015 2nd tranche mid-term bills
Thursday, 6 Aug 2015 08:00pm EDT 

Maanshan Iron & Steel Co Ltd:Issues 2015 2nd tranche mid-term bills worth 2 bln yuan.Maturity on Aug. 6, 2018.Coupon rate of 4.8 pct.  Full Article

Maanshan Iron & Steel issues 2015 first tranche mid-term bills
Thursday, 9 Jul 2015 08:00pm EDT 

Maanshan Iron & Steel Co Ltd:Issues 2015 first tranche mid-term bills worth 2 bln yuan.Maturity on July 9, 2018.Coupon rate of 5.07 pct.  Full Article

Maanshan Iron & Steel to acquire stake in joint venture from Jinxi Axle
Thursday, 28 May 2015 08:00pm EDT 

Maanshan Iron & Steel Co Ltd:To acquire 50 pct stake in a 50 pct owned joint venture from Jinxi Axle.The joint venture based in Maanshan and has engaged in development, production and sale of axle business.The company to wholly owned the joint venture after transaction.Transaction price of 174,211,000 yuan.  Full Article

Maanshan Iron & Steel announces shareholding change
Friday, 22 May 2015 08:00pm EDT 

Maanshan Iron & Steel Co Ltd:Magang (Group) Holding Co., Ltd decreased stake in the company to 45.535 pct from 50.47 pct during May 14 to May 22.  Full Article

Maanshan Iron & Steel to acquire 50 pct stake in Maanshan-based company
Wednesday, 25 Mar 2015 08:00pm EDT 

Maanshan Iron & Steel Co Ltd:The company received approval to acquire 50 pct stake in a Maanshan-based railway transportation equipment company, from Jinxi-based axle company.Other terms not disclosed.  Full Article

Maanshan Iron & Steel announces no dividend payment for 2014
Wednesday, 25 Mar 2015 08:00pm EDT 

Maanshan Iron & Steel Co Ltd:To pay no dividend to shareholders for 2014.  Full Article

China's Maanshan Steel to cut output 20 pct over next three years

SHANGHAI, April 8 China's Maanshan Iron & Steel plans to cut its steel capacity by about 20 percent over the next three years as it tries to a weather a slowing economy and an industry-wide supply glut, a company executive said on Friday.