China Steel, Taiwan's top steel maker, is talking with three of its top China peers to jointly invest in overseas miners to take advantage of low prices and secure future supplies, its chairman said on Wednesday. China Steel is seeking possible deals with Wuhan Steel, Angang Steel and Baoshan Iron & Steel, as well as Japan's Sumitomo Metal, said Chairman C.J. Chang. "We are in talks with them about buying stakes in global mining companies," he told Reuters in an interview, declining to identify specific miners. "All of China Steel's raw materials are imported. We hope joint bids with these China peers will help secure our future supply."
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