China approves Baosteel's $11 billion steel project in Guangdong

The Chinese government has given Baosteel Group the go-ahead to build a 10-million tonne per annum steel project at Zhanjiang port in southeastern Guangdong province, according to a notice issued on Friday. ...

China's Baoshan Iron & Steel (Baosteel will start construction on its new branch in Zhanjiang, Guangdong province after cutting the budget by 40 percent.

The first session of the China (Guangdong)-ASEAN Chinese Entrepreneurs Convention, intended to promote investment, will be held in Zhanjiang, Guangdong province, from April 10 to 12, according to Liu Xiaojie, deputy secretary-general of the provincial government.

The government of Zhanjiang in Guangdong province expects the city's relocated airport to start operations in 2016.

Xu Lejiang, Chairman of Baosteel Group commented that China’s steel industry needs urgent changes and a shift from expansion-driven to innovation-driven development model. Britain’s first female Prime Minister, Margaret Thatcher died yesterday morning at the age of 87. One of the fastest growing hotel chains in the US, Holiday Inn Express will try to revive their once-popular Stay Smart campaign. United Parcel Service (UPS) has questioned a decision by European regulator to block its 5.16 billion euro.  

Construction of large-scale iron, steel and petrochemical projects in Zhanjiang of Guangdong province will begin this year, presenting a huge opportunity to boost the local economy, the city's mayor said.

Construction of large-scale iron, steel and petrochemical projects in Zhanjiang of Guangdong province will begin this year, presenting a huge opportunity to boost the local economy, the city's mayor said.

SEOUL/BRUSSELS — ArcelorMittal, the world’s biggest steelmaker, will sell a 15% stake in one of its Canadian iron ore operations, raising US$1.1 billion to help pay off debt at a time of sluggish demand. The group, which makes about 6-7% of the world’s steel, will sell the stake in ArcelorMittal Mines Canada to a consortium including South Korean steelmaker POSCO and Taiwan-listed China Steel, it said on Wednesday.