Bonds of Nanjing Iron & Steel Co., partly owned by Chinese billionaire Guo Guangchang, are set for their worst month on record as concern mounts the government’s campaign to reduce smog and overcapacity may exacerbate losses.
Baoshan Iron & Steel Co., China’s biggest publicly traded steelmaker, expects demand to improve in the second half as the government eases liquidity and policy restrictions, General Manager Ma Guoqiang said.
Gina Rinehart, Asia’s richest woman, built her fortune by heeding her own counsel. Now she’s testing that acumen by building her own iron ore railroad in Australia’s remote north -- just as prices enter a bear market.
Baosteel Group Corp., the parent of China’s largest listed steelmaker, may consider moving its main factory out of Shanghai to avoid energy consumption and environmental curbs, Chairman Xu Lejiang said.