THREE MORE CHINESE STEELMAKERS MULL TIE-UP

摘要

Chinese steelmakers Tangshan Iron & Steel, Wuyang Iron & Steel and Handan Iron & Steel are considering the formation of a strategic alliance.The proposed tie-up, prompted largely by China's recent acceptance into the World Trade Organisation (WTO) and the increased competitive pressures that this will bring within the steel industry, will see the three steel producers co-operate in "several areas," a Handan Iron & Steel official told Mb.com.