Angang to start new project in cooperation with U.S. steel companies

NetEase Finance May 10 News today, Angang Group deputy general manager Bai Jing waterfall in Beijing revealed that the group is working with a U.S. steel companies, a new project will be launched in the near future. When talking about Angang's overseas cooperation, Bai Jing Waterfall said: "Cooperation with the U.S. Steel enterprises is still in contact and negotiation." "At present, Anshan Iron and Steel chairman Zhang Xiaogang has been with the Liaoning provincial investment group to travel to the United States."　　However, the name of the joint venture and project content, Bai Jing waterfall did not explain. Bai Jing Waterfall also said that in Europe Angang is planning to carry out a number of steel deep-processing projects, are working with local suppliers, the project specific content is also in negotiations.　　In addition to Europe and the United States are negotiating the project, Angang currently in Australia also has projects in the construction. Earlier, Angang investment in Australia Carrara iron ore project has begun. Angang shares 36.28%, the company's largest shareholder. The project is expected to be mined in October 2011 and will produce an annual production capacity of 10 million tons of iron ore. Bai Jing Waterfall said: "Angang future international layout, according to the needs of enterprise development strategy gradually expanded." ”