Reports Chinese steel makers eyeing BHP stake denied

Luo Bingsheng, vice director of the China Iron & Steel Association (CISA), denied a report in Australian newspaper the Sydney Morning Herald that Chinese steel mills planned to join forces to acquire a stake in BHP Billiton (BHP.NY), the world’s largest mining company, China Business News reported. An unidentified official connected to the China Iron & Steel Association was quoted by the newspaper saying that Baosteel (600019.SH), Wuhan Steel (600005.SH) and Anshan Steel were looking to jointly buy ...

	Reports Chinese steel makers eyeing BHP stake denied By STAFF EDITOR Published: June 12, 2008 05:35 PM Luo Bingsheng, vice director of the China Iron & Steel Association (CISA), denied a report in Australian newspaper the Sydney Morning Herald that Chinese steel mills planned to join forces to acquire a stake in BHP Billiton (BHP.NY), the world’s largest mining company, China Business News reported. An unidentified official connected to the China Iron & Steel Association was quoted by the newspaper saying that Baosteel (600019.SH), Wuhan Steel (600005.SH) and Anshan Steel were looking to jointly buy ... You are currently reading 82 words of 249 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: steel	More Articles in Natural Resources and Commodities > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Huge molybdenum mine unearthed in Hainan province 4 Chinese steel mills to cut production by 20% Shanxi province to halve coal mine numbers by 2010 Large copper and nickel mine unearthed in Gansu province China to suspend Brazilian ore imports Electronics maker takes control of mining firm China may deplete bauxite reserves, expert warns

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