Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

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Thematic (Sector/Industry)

<ul><li>Beijing-based Sinosteel Corp. was restructured and merged into China Baowu Steel Group Corp. Ltd.</li><li>Baowu Steel Group took Sinosteel into its stewardship in October 2020 as the SASAC-owned company ran into debt trouble.</li><li>Formed after the reorganization of the former Baosteel and Wuhan Iron and Steel in 2016, China Baowu has carried out <a href="https://www.caixinglobal.com/2021-07-15/baowu-solidifies-global-steelmaking-crown-with-major-acquisition-101740889.html" target="_blank" rel="noopener">a series of</a> strategic mergers and restructurings in recent years, becoming the world’s largest steelmaker.</li></ul>

Beijing-based Sinosteel Corp. was restructured and merged into China Baowu Steel Group Corp. Ltd.Baowu Steel Group took Sinosteel into its stewardship in October 2020 as the SASAC-owned company ran into debt trouble.Formed after the reorganization of the former Baosteel and Wuhan Iron and Steel in 2016, China Baowu has carried out a series of strategic mergers and restructurings in recent years, becoming the world’s largest steelmaker.

China Baowu Steel Officially Takes Over Sinosteel

Cross Asset Strategy

Social relief /: Why China’s social relief efforts have fallen short
Vaccines /: Germans will soon be able to access BioNTech shot on mainland, ambassador says
China-Australia /: China, Australia pledge to refresh soured relations

Social relief /: Why China’s social relief efforts have fallen short
Vaccines /: Germans will soon be able to access BioNTech shot on mainland, ambassador says
China-Australia /: China, Australia pledge to refresh soured relations

CX Daily: Why China’s Social Relief Efforts Have Fallen Short

Equity Bottom-Up

Sinosteel Engineering & Technology / Equity Bottom-Up

<ul><li>China’s Sinosteel Corp. has struck a deal with the Cameroonian government to begin production of iron ore at a mine, becoming the latest Chinese firm to tap the valuable resource in West Africa.</li><li>According to a company statement, Sinosteel obtained a permit to exploit the Lobé mine after signing a contract with Gabriel Dodo Ndoke, Cameroon’s minister of mines, industry and technological development</li><li>The state-owned mining giant will invest about $700 million to develop the Lobé mine, which is estimated to have about 600 million tons of iron ore reserves</li></ul>

China’s Sinosteel Corp. has struck a deal with the Cameroonian government to begin production of iron ore at a mine, becoming the latest Chinese firm to tap the valuable resource in West Africa.According to a company statement, Sinosteel obtained a permit to exploit the Lobé mine after signing a contract with Gabriel Dodo Ndoke, Cameroon’s minister of mines, industry and technological developmentThe state-owned mining giant will invest about $700 million to develop the Lobé mine, which is estimated to have about 600 million tons of iron ore reserves

Sinosteel Gets Permit to Exploit Iron Ore in Cameroon

China

Sinosteel Engineering & Technology Co., Ltd. operates a metallurgical engineering company. The Company provides engineering services and projects and supplies equipment and spare parts in the metallurgical industry.

Sinosteel Engineering & Technology (000928 CH)

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Sinosteel Engineering & Technology (000928 CH)

China Baowu Steel Officially Takes Over Sinosteel

Beijing-based Sinosteel Corp. was merged into China Baowu Steel Group Corp. Ltd. It took Sinosteel into its stewardship in October 2020 as the...

Caixin Global

Sinosteel Gets Permit to Exploit Iron Ore in Cameroon

China’s Sinosteel Corp has struck a deal with the Cameroonian government to begin production of iron ore at a mine, becoming the latest Chinese...

Caixin Global

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

China Baowu Steel Officially Takes Over Sinosteel

Beijing-based Sinosteel Corp. was merged into China Baowu Steel Group Corp. Ltd. It took Sinosteel into its stewardship in October 2020 as the...

Caixin Global

CX Daily: Why China’s Social Relief Efforts Have Fallen Short

Why China’s social relief efforts have fallen short. Germans will soon be able to access BioNTech shot on mainland, ambassador says. China,...

Caixin Global

Sinosteel Gets Permit to Exploit Iron Ore in Cameroon

China’s Sinosteel Corp has struck a deal with the Cameroonian government to begin production of iron ore at a mine, becoming the latest Chinese...

Caixin Global