Tata Steel designs to invest in China no
Tata Iron and Steel Co., Ltd. General Manager and CEO Raman Mutu (B. Muthuraman) said it will not invest in China, he said that emerging markets are not worried about protectionism.
April 19 in Boao, Hainan, an interview with reporters, Mutu Raman clear that there is no equity investment in China.
Iron and steel companies in India, into China is the fastest pace of Mittal. At present, the world's largest steel producer Arcelor Mittal Group (ArcelorMittal, under the Mittal) is held by Hunan Valin Iron & Steel Company Limited (Shenzhen Stock Exchange code: 000932) 33.02% stake in the company's second majority shareholder. Mittal has also tried to acquire another Hong Kong-listed Chinese steel enterprises - China Eastern Group Holdings Limited (HKEx code: 00581), but has not been approved by Chinese government departments.
The Chinese government has been the iron alloy commerce as an significant strategic commerce, regardless of surplus capability in the commerce, but foreign iron alloy business to take part in possibilities tough to obtain.
Shanghai Baoshan Iron and Steel Group Co., Ltd. Xu Le Jiang, chairman of the day to attend a meeting of the Boao Forum, said that China currently has 660 million tons of steel production capacity, supply the whole industry, there are many backward production capacity. China steel structure needs to be adjusted in order to allow the healthy development of the industry as a whole.
"If you do not adjust for the upstream signal is also misleading. Ore you need so many? Do not need to." Xu Lejiang said. - 18758
April 19 in Boao, Hainan, an interview with reporters, Mutu Raman clear that there is no equity investment in China.
Iron and steel companies in India, into China is the fastest pace of Mittal. At present, the world's largest steel producer Arcelor Mittal Group (ArcelorMittal, under the Mittal) is held by Hunan Valin Iron & Steel Company Limited (Shenzhen Stock Exchange code: 000932) 33.02% stake in the company's second majority shareholder. Mittal has also tried to acquire another Hong Kong-listed Chinese steel enterprises - China Eastern Group Holdings Limited (HKEx code: 00581), but has not been approved by Chinese government departments.
The Chinese government has been the iron alloy commerce as an significant strategic commerce, regardless of surplus capability in the commerce, but foreign iron alloy business to take part in possibilities tough to obtain.
Shanghai Baoshan Iron and Steel Group Co., Ltd. Xu Le Jiang, chairman of the day to attend a meeting of the Boao Forum, said that China currently has 660 million tons of steel production capacity, supply the whole industry, there are many backward production capacity. China steel structure needs to be adjusted in order to allow the healthy development of the industry as a whole.
"If you do not adjust for the upstream signal is also misleading. Ore you need so many? Do not need to." Xu Lejiang said. - 18758
posted by X - Men at
3:28 AM
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