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Examples
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Profit warnings from Angang Steel and Maanshan Iron & Steel sent shares of the two Chinese steel makers sharply lower as investors fretted a softening property market as well as higher raw material costs would continue to weigh on their profitability.
Asian Shares Mostly Up John Phillips 2012
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HONG KONG—Profit warnings from Angang Steel Co. and Maanshan Iron & Steel Co. sent shares of the two Chinese steel makers plunging on Tuesday, as investors fretted that a softening property market as well as higher raw material costs would continue to weigh on their profitability.
China Steel Makers' Shares Tumble Joanne Chiu 2012
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Angang Steel's profit warning came after rival Maanshan Iron said on Monday it expects its 2011 net profit to fall more than 50% from 1.10 billion yuan the previous year because of weakening demand for steel products as well as higher prices of fuel and raw materials, such as iron ore—a key material in steel making.
China Steel Makers' Shares Tumble Joanne Chiu 2012
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Angang Steel's Hong Kong and Shanghai shares fell 10.9% and 4.6% respectively, while Maanshan's were down 9.3% and 0.8%.
Asian Shares Mostly Up John Phillips 2012
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Hong Kong-listed shares of Chinese steel mills also declined, after Merrill Lynch cut the earnings estimates of Maanshan Iron
Gives Boost Michele Maatouk 2010
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Hong Kong-listed shares of Chinese steel mills also declined, after Merrill Lynch cut the earnings estimates of Maanshan Iron
Asian Investors Cautious Colin Ng 2010
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Inner Mongolia Baotou Steel lost 0.6% and Zhongjin Gold lost 2.9% and Maanshan Iron
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Hong Kong-listed shares of Chinese steel mills also declined, after Merrill Lynch cut the earnings estimates of Maanshan Iron
Gives Boost Michele Maatouk 2010
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Hong Kong-listed shares of Chinese steel mills also declined, after Merrill Lynch cut the earnings estimates of Maanshan Iron
Gives Boost Michele Maatouk 2010
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Hong Kong-listed shares of Chinese steel mills also declined, after Merrill Lynch cut the earnings estimates of Maanshan Iron
Asian Investors Cautious Colin Ng 2010
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