男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Companies

Baosteel may buy stake in a mill in Malaysia

By Joyce Koh and George Smith Alexander (China Daily)
Updated: 2011-06-23 11:06
Large Medium Small

SINGAPORE - Baosteel Group Corp, China's second-biggest steelmaker, is in talks to buy a stake in a steel unit of Malaysia's Lion Group for about $1 billion, said two people with knowledge of the matter.

The size of the holding in Amsteel Mills Bhd to be sold has yet to be determined, one of the people said, declining to be identified because the negotiations are private.

Chinese steel mills, the world's biggest producers, need to target foreign markets to boost sales because of domestic oversupply. Malaysia's economy may expand 5 percent to 6 percent this year after growing 7.2 percent in 2010, its central bank estimates.

Related readings:
Baosteel may buy stake in a mill in Malaysia Steelmakers eye foreign solution for overcapacity
Baosteel may buy stake in a mill in Malaysia Baosteel 'optimistic' about 2011 prices
Baosteel may buy stake in a mill in Malaysia Baosteel takes can-do attitude to Vietnam
Baosteel may buy stake in a mill in Malaysia Baosteel to launch new project in S China

"Southeastern Asian countries have a good projection of steel demand as economies grow and not much steel capacity," said Xu Xiangchun, chief analyst with researcher Mysteel.com.

Steel production capacity in ASEAN, the Association of Southeast Asian Nations, may rise to 64 million tons by 2015 from 25 million tons in 2009, Xu said.

Meng Haibiao, a media relations official at Baosteel, declined to comment. Lion Group Chairman William Cheng wasn't immediately available when phoned at his office in Kuala Lumpur today.

Baoshan Iron & Steel Co, the publicly traded unit of Baosteel, fell 0.34 percent to 5.87 yuan on Wednesday in Shanghai trading. The Shanghai Composite Index gained 0.1 percent.

Amsteel operates two steel plants in Selangor state, Malaysia, using electric arc furnaces and other facilities to make the alloy used in construction, automotive parts and machinery, according to Lion Group's website.

Surplus steel

Baosteel, supplier of half the sheets used by carmakers in China, will consider building plants in developing regions outside the country, Chairman Xu Lejiang said in March. The Chinese government is encouraging a shift of surplus steel production capacity overseas, Wuhan Iron & Steel Group General Manager Deng Qilin said the same month.

Steel demand in China, the world's biggest consumer of the alloy, may rise by as much as 25 percent by 2015 compared with last year, according to a May projection from the China Iron & Steel Association.

Bloomberg News

分享按鈕
主站蜘蛛池模板: 靖远县| 宁武县| 金秀| 陆河县| 德钦县| 安化县| 栖霞市| 靖西县| 日喀则市| 额济纳旗| 凤阳县| 湖口县| 拜泉县| 大石桥市| 黑龙江省| 厦门市| 明星| 枣庄市| 石柱| 天峻县| 乌拉特后旗| 旬阳县| 南皮县| 财经| 府谷县| 裕民县| 台前县| 鄂尔多斯市| 郯城县| 连江县| 延吉市| 深水埗区| 吉木乃县| 克拉玛依市| 那坡县| 娱乐| 井陉县| 晋州市| 凌源市| 咸丰县| 琼海市| 扎囊县| 临泉县| 永顺县| 金门县| 正镶白旗| 闸北区| 英吉沙县| 昌宁县| 牙克石市| 两当县| 高青县| 陇南市| 沂水县| 郧西县| 内乡县| 得荣县| 彭州市| 东兴市| 马鞍山市| 白山市| 靖宇县| 林甸县| 贵州省| 阳新县| 武平县| 紫阳县| 吉林省| 浏阳市| 惠东县| 岐山县| 大石桥市| 璧山县| 鄢陵县| 绍兴市| 库伦旗| 乐清市| 拜泉县| 雅安市| 淮阳县| 营山县| 沐川县|