Metal Products News
- Shougang plans rolled steel venture
Date: 29-Nov-2007 Sources: (Shenzhen Daily)
BEIJING Shougang Co., the only steelmaker based in China's capital, is considering a 6.4 billion yuan (US$866 million) venture to make cold-rolled steel in the city to meet rising demand from automakers.
Beijing Shougang and parent Shougang Corp. plan to form a venture with Beijing Automobile Investment Co., the Chinese partner of Hyundai Motor Co., Shenzhen-listed Beijing Shougang said yesterday. The venture includes the new plant, which will start work this year in Shunyi in the eastern outskirts of the city, the company said.
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