China's Anshan to Build Steel Facilities in US
Submitted by BOCVIP on Tue, 05/18/2010 - 08:23
China's Anshan Iron & Steel Group Co.,(Anshan) confirmed yesterday it would invest in a steel mill in the United States.
The state-owned firm has already signed investment, technology and sales agreements with the U.S. Steel Development Company (SDCO) in New York on May 13.
Under the agreements, Anshan and the Mississippi-based SDCO will establish five steel mills with the first rebar facility now under construction in Amory.
The deal will need the approval of the Ministry of Commerce.
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