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Baosteel seeks to expand by acquisitions
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Baoteel, the global fifth large steel maker, attempts to become one of the top three producers in the global steel field in terms of enhancing its competitiveness.
To increase its output from 23 million tons to 80 million tons by 2012, Baosteel will seek more chances of expansion, mainly by mergers and collaboration with other steelmakers in the trend of national industry restructure.
"There are some factors we should take consideration such as scale of operations, location and costs,when we focus on strategic cooperation with partners " said Chen Ying, board secretary of Baosteel Co Ltd.
News Date
9/4/2007 11:48:56 PM
reported by
Judy Lin
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