News Videos
International Edition


May 23, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

Taiwan steel firm China Steel mulls joint venture with China

TAIPEI -- China Steel, Taiwan's largest steel producer, said Thursday it plans to team up with China's Baosteel to invest in iron ore mines abroad. China Steel has reached a consensus with Baosteel on a planned joint venture, the first between the two, a company official said.

It will mark a rare instance of companies from the two sides of the Taiwan Strait cooperating on ventures elsewhere in the world.

The Taiwanese steelmaker, which has investments in Australia and South Korea, has been exploring overseas opportunities in a bid to boost supply amid expectations that a global recovery will ratchet up demand.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search