52 Week Range
As of on the Shenzhen Stock Exchange ∙ Minimum 15 minute delay
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Jiangsu Shagang's H1 Net Profit Up 116.5% Y/Y, Scraps Asset Acquisiton Plan
Securities Regulator Rejects Jiangsu Shagang's Proposal For Asset Acquisition
Securities Regulator Rejects Jiangsu Shagang's Asset Acquisition Proposal
JIANGSU SHAGANG CO., LTD. is a China-based company, principally engaged in the development, smelting, processing and distribution of ferrous metal products. The Company primarily provides spring steels, pipe base steels, high-quality steels, bearing steels, billets, and other steel materials. The Company distributes its products within domestic market and to overseas markets, with northern China as its major market.
Misc. Fabricated Products
Jinfeng Town, Zhangjiagang City
Chairman of the Board
Chief Financial Officer
Deputy General Manager, Director
Secretary of the Board, Director
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Return on Equity (TTM)
Chinese steelmaker Jiangsu Shagang Group has no plans to sell its entire stake in British-based data centre operator Global Switch but will consider bringing in international strategic investors to the company.
* Industry association expects mills' performance to fall in H1
China's biggest steel producer, China Baowu Steel Group, expects output to fall 5% in the first quarter of 2020 due to coronavirus disruptions, a company official said on Saturday.
Zhangjiagang Pohang Stainless Steel Co Ltd, a China-based joint venture of China's Jiangsu Shagang Group and South Korea's POSCO, said on Thursday it had shut down production lines for one week from Feb.20 due to the coronavirus outbreak.
China's iron ore imports in October fell for the first time in four months, customs data showed on Friday, as shrinking profit margins reduced demand for the raw material at steel mills.
Chinese steel maker Jiangsu Shagang Group Co Ltd bought a further 24% stake in Global Switch Holdings for 1.8 billion pounds ($2.21 billion), making it the largest shareholder with a 49% stake, the UK-based data center operator said on Tuesday.
Data centre provider Global Switch Holdings said on Tuesday Jiangsu Shagang Group Co Ltd bought a further 24% stake in the company for 1.8 billion pounds ($2.21 billion), making it the largest shareholder with a 49% stake.
China's leading steel companies have formed a group to investigate whether "non-market factors" are causing a record surge in iron ore prices and have called on the government to maintain market stability.
* March industrial profits +13.9 pct y/y (Jan-Feb -14 pct y/y)
Profits at China's industrial firms grew in March, rebounding from four months of contraction, adding to optimism the world's second-largest economy may be starting to stabilize.
China's industrial firms posted their worst slump in profits since late 2011 in the first two months of this year, data showed on Wednesday, as increasing strains on the economy in the face of slowing demand at home and abroad took a toll on businesses.
China's industry ministry on Tuesday said it would remove 11 steel firms from a list of qualified enterprises, effectively banning them from operating, and ordered another 17 to rectify environmental, safety and other breaches or face the same fate.
* Industrial waste such as steel slag increasingly being targetted
China's self-styled war on pollution is extending to a new front: the solid waste that makes up thousands of slag heaps around the country, a byproduct of its record steel output.
* September industrial profits up 4.1 pct y/y vs 9.2 pct in Aug
Profit growth at China's industrial firms slowed for the fifth consecutive month in September as sales of raw materials and manufactured goods further ebbed, pointing to cooling domestic demand in the world's second-biggest economy.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.