UPDATE 2-China steel titan adds plants, nears Japan deal

Newswire

(Adds more details, quotes, analyst comment) By Erin Prelypchan SHANGHAI, Dec 23 (Reuters) - China's largest steel maker, Baosteel, said on Monday it is ramping up production to meet booming demand from the car industry, building two new plants and eyeing a joint venture with Japan's Nippon Steel . Baosteel , the flagship Shanghai-listed unit of the world's fifth-largest steel maker, said it would spend at least 12 billion yuan ($1.45 billion) on two plants that would supply China's ...

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