UPDATE 1-ArcelorMittal eyes auto steel JV with China's Valin


(Adds background) By Niu Shuping BEIJING, Nov 26 (Reuters) - Arcelor Mittal plans to set up an auto steel joint venture in China, in which it will take a 30 percent stake, with Hunan Valin Steel Tube and Wire Co Ltd and its parent, a Chinese executive said on Monday. Arcelor Mittal , the world's biggest steel maker, would also establish a stainless steel joint venture with its Chinese partners, said Li Jianguo, president of Hunan Valin Iron and Steel Group -- which controls Hunan Valin ...

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