China's Shougang plans to set up $867 mln steel mill

Newswire

SHANGHAI, Nov 28 (Reuters) - Chinese steelmaker Beijing Shougang Co. Ltd. said on Wednesday it plans to set up a 6.4 billion yuan ($866.5 million) cold-rolled steel business with its state parent and the Chinese partner of South Korea's Hyundai Motor . Shougang plans to take a 70.28 percent stake in the joint venture, which will have a registered capital of 2.6 billion yuan and total investment of 6.4 billion yuan, by contributing fixed assets and capital, it said in a statement. Its ...

Premium Content (PAID Subscription Required)

"China's Shougang plans to set up $867 mln steel mill" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×