Wuhan Iron Steel Group, China's fifth biggest steelmaker, has won regulatory approval from the central government to start preparation work on a 10 million ton plant in the Guangxi Zhuang autonomous region, a partner in the venture said.The Fangcheng Port project was given the go-ahead by the Nation...

China Minmetals Corporation (CMC) late last month signed an agreement with the government of Central China's Hunan Province to co-operate in metal resource development.CMC is China's largest multinational group involved in exploration, refining, production, and circulation of base metals and raw mat...

Mergers sweep across steel sector By Wang Xin(China Daily) Updated: 2006-04-19 10:53 Mergers and acquisitions are the latest trend in the Chinese steel industry.Last August, two of the top 10 Chinese steel manufacturers Anshan Steel and Benxi Steel, both in Liaoning Province teamed up to form Anben ...

China, the world's No 1 steel manufacturer and consumer, is expected to change the rules governing foreign investment in its fast-growing steel sector.The nation will forbid foreign steel producers from taking controlling stakes in domestic steel companies, Qi Xiangdong, deputy secretary general of ...