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Wuhan Iron and Steel Co., Ltd.

Wuhan Iron and Steel Company Limited is principally engaged in the production and sale of iron and steel products. The Company primarily provides hot rolled products including hot rolled plates, medium thick boards, heavy sections, high speed wires and steel bars, as well as cold rolled products including cold rolled and coating boards and cold rolled silicon steel, among others. During the year ended December 31, 2007, the Company obtained approximately 49% and 46% of its total revenue from the sale of cold rolled products and hot rolled products, respectively. In 2007, the Company produced approximately 11.65 million metric tons of iron, 11.9 million metric tons of steel and 10.56 million metric tons of steel products. The Company mainly distributes its products in China’s domestic market.

  

News

Australian Market Report of January 6, 2011: OnCard (ASX:ONC) Signed Buffet Club Purchase Cooperation Agreement with Citic Bank (SHA:601998) (HKG:0998)

🕔1/6/2011 1:30:00 PM 10860

Australian Market Report of January 6, 2011 includes: OnCard International Limited (ASX:ONC) signed a Buffet Club Purchase Cooperation Agreement with China Citic Bank (SHA:601998) (HKG:0998); South Australia Government declares 'Major Project' status for Centrex Metals Limited's (ASX:CXM) deepwater port plan; Clough Limited (ASX:CLO) receive a letter of intent for CACT Project, offshore China; China Magnesium Corporation Limited (ASX:CMC) increase its interest in the Pingyao Magnesium Project to 90.7%.

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Australian Market Report of April 28, 2010: Shares Suffer from European Jitters

🕔4/28/2010 1:30:06 PM 8721

Asian markets this morning sharply plunged following the massive drop in US shares. Australian stock market shed 1.7 per cent in early trade, while Japan's Nikkei gave up more than 300 points, or 2.8 per cent. Asian shares fell on Standard & Poor's ratings downgrades of Portugal and Greece and worries that the debt problem of the two nations could put the recovery in Europe under pressure.

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Asian Markets Overview of December 16

🕔12/16/2009 1:30:09 PM 11318

Wall Street broke the four-day run of gains overnight as a higher-than-expected US Producer Price Index in November raised concerns on inflation. Asian markets ended mixed Tuesday. China's Shanghai Composite and Hong Kong's Hang Seng Index fell after China's State Council said it plans to cool the rapidly rising residential property prices in some cities.

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Asian Markets Overview of December 1

🕔12/1/2009 3:48:51 PM 10644

Asian shares were mostly steady on Tuesday after significant rebounds in the previous trading session. Yesterday the Dow index concluded the last trading day of November in positive territory. It was its fifth consecutive monthly gain, despite a bad news from Dubai.

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Asian Markets Overview of November 26

🕔11/26/2009 4:38:44 PM 12831

Asian stocks markets broadly dropped on Thursday despite Wall Street posted a solid gain overnight. Tokyo shares opened lower as the stronger yen continued to dampen investors' sentiment. In Hong Kong market, China Minsheng Banking Corp failed to lift the Hang Seng Index in its debut. Shanghai and Seoul shares also declined as their Asian peers.

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Australian Market Report of June 12: Resources Stocks Boosted

🕔6/12/2009 1:00:25 PM 13069

The Australian share market yesterday closed at a fresh seven-month high as resource stocks posted strong gains amid renewed attention to the proposed tie-up between Rio Tinto and BHP. The benchmark S&P/ASX200 index was up 22.8 points, or 0.57 per cent, to 4047.2, while the broader All Ordinaries index advanced 30.4 points, or 0.76 per cent, to 4046.7.

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Australian Market Report of May 5: Hopes for Global Recovery

🕔5/5/2009 1:00:57 PM 13514

The Australian shares posted strong gains yesterday. The benchmark S&P/ASX200 index ended 3% higher, or 113.4 points, at 3883. The broad-market All Ordinaries index was up 2.9%, or 108.1 points, at 3846. Today the local market is expected to extend its rally after the boost of overseas and rising commodities prices. Reserve Bank of Australia's interest rate decision will be the focus of the day.

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Asian Markets Overview of April 20

🕔4/20/2009 3:00:48 PM 11387

Today most Asian markets traded lower in the morning despite a positive lead from Wall Street. Tokyo stocks fell on the rising Yen, while South Korean investors sold shares to lock in profits from recent rallies. Hong Kong's Heng Seng Index opened lower, but soon rebounded following the surge in mainland China's Shanghai Composite.

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Australian Market Report of December 19: Pre-Christmas Not Really Quiet

🕔12/19/2008 1:00:28 PM 11755

Yesterday the Australian shares ended flat as weaker Commonwealth Bank and energy stocks weighed on the market. The benchmark S&P/ASX200 index was up 10.6 points, or 0.3 per cent, at 3,581.2, while the broader All Ordinaries index gained 6.7 points, or 0.19 per cent, to 3,521.7. It could be fairly quiet during the pre-Christmas sessions. But the local market may be hit by the dropping commodities prices and the fears on US auto industry as US government has admitted that orderly bankruptcy can be one of the options for the troubled automakers.

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Australia Market Report of August 25: Worries on Resources Eased

🕔8/25/2008 1:10:35 PM 9819

The Australian share market closed firmly in the black on last Friday, driven by a resurgent resources sector after the commodities index posted its biggest weekly gain in 33 years. US stocks rose on Friday as financial stocks gained and a plunge in oil prices soothed worries about inflation and consumer spending.

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