UPDATE 1-Baosteel says expects result of Nippon talks in Q1

Newswire

(Adds quotes, details) SHANGHAI, Dec 23 (Reuters) - Baoshan Iron and Steel Co , the listed arm of China's largest steel maker, said on Monday it expected talks on building a plant with Nippon Steel Corp to yield results in the first quarter of 2003. In November, the Japanese steel giant said it was in discussion with Baosteel to build a Shanghai plant to make steel sheets for the booming Chinese car market. Japanese media said the investment was worth 120 billion yen ($1 billion). ...

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