Latest Shagang Group Stories

2009-04-20 05:00:00

BEIJING, April 20 /PRNewswire-Asia-FirstCall/ -- General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), one of China's leading non-state-owned producers of steel products and aggregators of domestic steel companies, today announced that the Company's chairman and chief executive officer Mr. Henry Yu has been named vice president of the China Chamber of Metallurgical Industry (the "Chamber"). Founded in 2006, the Chamber connects non-state-owned metals...

2008-09-15 06:00:29

By Tom Miles The shake-out of bidders for the Brazilian iron ore miner Namisa has left contenders with deep pockets and big appetites, sources familiar with the bidding said, signaling that the owner, CSN, may sell a majority stake. Some analysts estimate that the sale could value Namisa, the smaller of CSN's iron ore units, as high as $10 billion. But at least one analyst said that price expectations were getting out of hand. CSN has taken advantage of a hot iron ore market and has...

2008-07-24 12:00:53

Research and Markets (http://www.researchandmarkets.com/research/92da82/pollution_report_o) has announced the addition of the "Pollution Report of China Steel Industry, 2007-2008" report to their offering. China's crude steel output was 489 million tons in 2007, representing an increase by 16.7% against the previous year. In 2008, the output is expected to reach 540 million tons, rising 10.4% over last year, indicating that the growth rate of China's crude steel output in 2008 will be...

2008-07-10 12:00:52

By Andrea Holecek, The Times, Munster, Ind. Jul. 9--Spurred by world demand, total global crude steel production jumped more than 58 percent to 1.34 billion metric tons in 2007, from 848 million metric tons in 2000. Nancy Gravatt, spokeswoman for the American Iron and Steel Institute, said the primary reason for huge increase in global steel production is demand from emerging nations. In 2007, steel production increased more than 7 percent from a year earlier. "There's tremendous...

Word of the Day
  • A beast of burden; also, a beast in general.
'Jument' ultimately comes from the Latin 'jugum,' yoke.