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Tata Steel designs to invest in China no
Fernando Filipe
Tata Iron and Steel Co., Ltd. General Manager and CEO Raman Mutu (B. Muthuraman) said it will not invest in China, he said that appearing markets are not concerned about protectionism.
April 19 in Boao, Hainan, an interview with reporters, Mutu Raman clear that there is no equity investment in China.
Iron and metallic businesses in India, into China is the fastest tempo of Mittal. At prevailing, the world's utmost metallic producer Arcelor Mittal Group (ArcelorMittal, below 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 endeavoured to earn another Hong Kong-listed Chinese metallic enterprises - China Eastern Group Holdings Limited (HKEx code: 00581), but has not been sanctioned by Chinese central social family members 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 assembly of the Boao Forum, said that China now has 660 million tons of metallic demonstration size, give the every component of industry, there are many backward demonstration capacity. China metallic plan requires to be adjusted in lead to sanction the favourable expansion 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.
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