Tag: Baosteel Group Corp.

Baosteel quits Brazil

China-based Baosteel Group Corp. has announced that it is leaving Brazil after failing to set up a steelworks with Cia Vale do Rio Doce.

Possible steel plants overseas

Baosteel Group Corp., which is planning to almost triple steelmaking capacity by 2012, may build plants in the Middle East, SE Asia and developing countries as expansion in its home market of China slows and approvals for new mills are restricted to ease raw material shortages.