|
BIZCHINA> Top Biz News
![]() |
|
Tianjin plans 23m-ton steel group
(Agencies)
Updated: 2009-04-13 12:32 China's northern city of Tianjin plans to merge its four State-owned steel mills into a group with annual capacity of about 23 million tons, the China Business News said on Monday, citing a company official. China is eager to consolidate its fragmented steel sector, partly in order to bolster their bargaining position on iron ore supplies from top miners BHP Billiton, Rio Tinto and Brazil's Vale.
The State-owned asset management body of the coastal city near Beijing plans to establish a steel group to control the four existing mills, similar to steel sector consolidations in the provinces of Hebei and Shandong, the newspaper said. The four companies are Tianjin Tiantie Metallurgical Group, Tianjin Tiangang Steel Group, Tianjin Steel Pipe Group and Tianjin Metallurgical Group (Holdings) Ltd, the newspaper said, citing the official in Tiantie, the largest of the four. The State-owned parent of Tangshan Iron and Steel Co merged last year with two smaller rivals to become the country's second-biggest steel mill, Hebei Iron and Steel Group. It now ranks among the world's top five steel producers. Earlier, the Shandong provincial government merged Jinan and Laiwu to create Shandong Iron and Steel Group. The new group is set to ultimately take over other fast-growing private mills in the province. (For more biz stories, please visit Industries)
|
|||||
丰台区| 遂宁市| 黔江区| 绿春县| 富民县| 防城港市| 鹤庆县| 阳江市| 孟州市| 肇东市| 游戏| 陕西省| 同仁县| 平江县| 五大连池市| 武穴市| 巴彦淖尔市| 邮箱| 贵州省| 株洲县| 晋城| 澄城县| 遂昌县| 玉龙| 中牟县| 马公市| 广饶县| 绥德县| 桐庐县| 阳山县| 宁海县| 蓬溪县| 航空| 新蔡县| 房山区| 邹平县| 平谷区| 兰考县| 马关县| 吉林市| 郧西县|