steel

Trump’s steel tariffs fuel Apac uncertainty

Retaliatory tariffs, a stronger dollar and several u-turns from the Trump administration are creating an uncertain outlook for 2025 and is pushing up the price of gold; meanwhile, Hong Kong and China are lodging complaints to the WTO.

February 11, 2025

Steel industry secures pathfinding transition finance

Bank of China has tapped the European bond market to finance steel projects in Hebei province, in a first of a kind issuance involving a financial institution.

October 17, 2023

China steel merger a ‘rip-off’

The mega-merger of two Chinese steelmakers has a lot of benefits for the country. But it is a terrible deal for shareholders.

September 23, 2016

Posco sells $743 million of treasury shares

The shares are sold to a small group of investors through a club deal at a 4.76% discount.

September 11, 2013

Indian government raises $279 million from steel company sell-down

The sale of a 5.8% stake in Steel Authority of India enables the government to meet its revised divestment target for the current fiscal year, but only with a little help from other state-owned entities.

March 27, 2013

Steel Pipe Industry prices Indonesia’s first IPO this year

The Indonesian maker of steel pipes attracts strong demand from both domestic and international investors as it aims to raise $88 million.

February 07, 2013

Hong Kong IPOs attract fervent retail demand

PanAsialum, a Chinese manufacturer of aluminium products, and Time Watch, a watch manufacturer, raise a combined $264 million from their offerings, while this year's first Indonesian IPO gets underway.

January 30, 2013

China backs Russia’s IRC with $238 million investment

General Nice and Minmetals Cheerglory have agreed to buy a 36% stake in the Hong Kong-listed iron ore mining company.

January 18, 2013

Posco Specialty Steel withdraws IPO due to poor demand

The Korean company decides not to proceed with its offering of up to $426 million, which could have been the biggest in Korea this year.

December 03, 2012

SK Telecom trims Posco stake on second attempt

After cancelling a block trade at the end of last month, SK Telecom returns with a bigger deal during the weekend, raising $391 million.

October 09, 2012