Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Steel association worries about BHP-Rio merger
Adjust font size:

The long rumored merger between BHP Billiton and Rio Tinto has captured special attention from Chinese steel manufacturers. The two Australia-based companies are now the world's second and third largest mining resource explorers.

On November 19, 2007, the China Iron and Steel Association (CISA) expressed its worry over the merger, fearing it may lead to monopoly in the world iron and steel market. CISA said China and Australia have always maintained good relations with regard to iron ore trades. It hopes that the Chinese steel manufacturers and Australian mining resource explorers can join hands with each other, bring benefits to both sides, and promote stable development of Sino-Australian iron ore trade relations.

Currently, iron ore trades conducted by the world's top three mining resource explorers account for more than 75 percent of the world total. The merger between BHP Billiton and Rio Tinto would exert a more negative impact on the global market since it is already suffering from a concentration of resources. China is now the largest iron ore importer in the world. Of its imported iron ores, 38 percent comes from Australia.

For more details, please read the full story in Chinese. (

( November 20, 2007)

Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Macao's gaming market expands further
-Online operators are on top of the game
-Insurance firms set to stump up billions

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号