Steel

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Toyo Kohan announces outcome of takeover bid for shares of Fuji Technica & Miyazu

Friday, 5 Feb 2016 02:00am EST

Toyo Kohan Co Ltd:Says Toyo Kohan Co Ltd acquired 11,812,852 shares of Fuji Technica & Miyazu Inc during the period from Jan. 7 to Feb. 4.Acquisition price at 7,395 million yen in total.Settlement date starts from Feb. 12.Says the acquirer (Toyo Kohan) will hold 86.14 pct voting rights in Fuji Technica & Miyazu after the transaction.

ArcelorMittal gives EBITDA guidance for 2016

Friday, 5 Feb 2016 01:00am EST

ArcelorMittal SA:EBITDA is expected to sequentially decline in Q1 2016‍​.Company expects FY 2016 EBITDA to be in excess of $4.5 billion.

ArcelorMittal plans $3 billion capital increase

Friday, 5 Feb 2016 01:00am EST

ArcelorMittal SA:Planned to raise $3 billion in fresh capital in a bid to reduce debt in the face of weak steel and mining sectors.

Maruichi Steel Tube revises consolidated full-year outlook and raises year-end dividend forecast for FY 2016

Thursday, 4 Feb 2016 07:00pm EST

Maruichi Steel Tube Ltd:Says the company lowered the consolidated full-year outlook for revenue to 144,500 mln yen from 145,300 mln yen for the fiscal year ending March 31, 2016.Operating profit forecast increased to 17,100 mln yen from 16,900 mln yen.Ordinary profit forecast increased to 18,700 mln yen from 18,500 mln yen.Net profit forecast increased to 13,100 mln yen from 12,900 mln yen.Earnings per share increased to 156.60 yen from 153.65 yen.Says revenue outlook lowered due to the change of sale volume and sales unit prices.Says it raised the year-end dividend forecast to 50 yen per share from 49.5 yen per share for the fiscal year ending March 2016.

Zhejiang JIULI Hi-tech Metals to acquire stake in Huzhou-based company

Thursday, 4 Feb 2016 07:00pm EST

Zhejiang JIULI Hi-tech Metals Co Ltd:To acquire 70 pct stake in a Huzhou-based stainless steel tube manufacturing company, which wholly owned by Feng Yongsen, for 5,400,931 yuan.

General Steel Holdings Inc announces change in management team

Thursday, 4 Feb 2016 08:30am EST

General Steel Holdings Inc:Has dismissed the Company's current Chief Executive Officer, Yunshan Li, effective immediately.Henry Yu, Chairman of General Steel, has been appointed as interim Chief Executive Officer pending the appointment of a permanent successor.

Hanza AB merges Estonian production units, 80 employees affected

Thursday, 4 Feb 2016 04:30am EST

Hanza AB:Continues to develop clusters - merger of factories in Estonia.To transfer and merge Arukula unit with the Group's other operations in Tartu, Estonia​​ ‍.Decision affects 80 employees in Arukula ‍.Decision is expected to result in limited one-time costs, which essentially will be charged during H1 2016​ ‍.Merger is expected to have a positive effect on Hanza group's earnings as of Q3 2016​.

HOKUETSU METAL issues year-end dividend outlook of 10.50 yen per share for FY 2016

Thursday, 4 Feb 2016 12:30am EST

HOKUETSU METAL Co Ltd:Issues year-end dividend outlook of 10.50 yen per share, from an undetermined value, for the fiscal year ending March 2016.

KFM Kingdom Holdings Ltd says Sun Kwok Wah Peter appointed as CEO

Wednesday, 3 Feb 2016 09:57am EST

KFM Kingdom Holdings Ltd:Says Chung Sin Ling has resigned as the chief executive officer of the company.Sun Kwok Wah Peter has been appointed as the chief executive officer of the company.

Novo Group Ltd announces disposal of 4mln shares

Wednesday, 3 Feb 2016 07:57am EST

Novo Group Ltd:The offeror has, subject to completion, disposed of 4mln shares.Says disposal at hk$2.08 per share to an independent third party.

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