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MIIT to protect steel sector from Rio-BHP tie-up

(CMIC)
Updated: 2009-07-14 11:27

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China is working on countermeasures to protect the country’s steel industry from the proposed Rio-BHP tie-up, said Chen Haiyan, director of the Raw Material Department under the Ministry of Industry and Information Technology. “The alliance between Rio Tinto and BHP Billiton would present a great negative impact on the sound development of the steel industry in China, the world’s largest iron ore importer,” said Chen at an industry meeting held in Anshan, Liaoning...

 

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