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CHINA'S STEELMAKERS AND SHIPMAKERS TO ESTABLISH STRATEGIC ALLIANCE


AsiaInfo Services

04-22-2003

China's Steelmakers and Shipmakers to Establish Strategic Alliance

BEIJING, Apr 22, 2003 (SinoCast via COMTEX) -- Since last August till now, the violent increase of 60% in the steel prices have led to the sharp increase in the costs of the shipmakers. With the coordination of China Iron & Steel Council and China Ship Industry Association, 11 steelmakers and 14 ship makers assembled on April 17 in Beijing to enter the first-round talks with respect to the increases of iron & steel prices.

The delegates from the steelmaker

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