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Baosteel to List Group for 10-Year Plan

ZUMA Press Inc | | Read More
Baosteel to List Group for 10-Year Plan

Dec 23, 2008 - Shanghai, China - Baosteel Group Corporation, Chinas largest steelmaker, plans to list its entire group and buy domestic competitors as part of a 10-year plan, the Shanghai Securities News reported, citing Chairman Xu Lejiang. Chinas steel industry has incurred monthly losses in the fourth quarter, the report said, citing Xu. The market is unlikely to recover in the near future even with the government stimulus package to boost demand, Xu was cited as saying. FILE PHOTO: A man walks past the Baosteel Tower, the headquarters of Baosteel Group Corporation, in Shanghai, China, 14 May 2006

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