|  | 21/02/2005 |
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Mitsui to establish a coil center with Chinese automobile and car firms in China
Mitsui & Co., Ltd. signed a final agreement with China Faw Group and Anshan Iron and steel Group to establish a joint venture coil center for automobile steel sheet in ZhangChun City, JiLin Province. It is capitalized with 92 million yuan. Mitsui & Co., Ltd. hold 25% of shares, China Faw Group is 25%, Anshan Iron and steel Group is 50%. They will invest 150 million yuan and prepare for processing and distributing of annual 200,000 tonnes capacity, and plan to start operating from April 2006. Thus, Mitsui & Co., Ltd. will construct business connection with Chinese 3 biggest iron and steel firms as Bao Steel Group, Anshan Iron and steel Group, Wuhan Iron & Steel and 3 automobile firms as China Faw Group, Shanghai Automotive, Dongfeng Automobile Company.
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 | Mitsui to establish a coil center with Chinese automobile and car firms in China
| | Export price of ferrous scrap rebounds in the past 4 months
| | Japan, Crude Steel Production in January to Increase to 9.518 million tonnes by 1.9%
| | Nakagawa minister of economy, trade emphasizes need of rare metal reserves
| | Hot Rolled Steel Price is Strong Tone in Tokyo
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