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Topic: Shanghai Baosteel Group Corporation


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In the News (Thu 12 Nov 09)

  
  Brazil MINING
Most important in the nonfuel sector were the Minas Gerais iron ore joint venture (CVRD and China's Shanghai Baosteel Group Corp.) and the Sossego copper-gold joint venture (CVRD and Phelps Dodge Corp., of the United States); both were to begin in 2002.
Because of increased world demand for stainless steel and better nickel prices, $1.4 billion was invested in the nickel industry, with plans to triple output to 107,000 tons per year starting in 2003.
The major portion of the mineral industry was partially or wholly owned by private Brazilian investors, Brazilian corporations, and/or foreign companies, the exceptions being the natural gas and petroleum industries.
www.nationsencyclopedia.com /Americas/Brazil-MINING.html   (1583 words)

  
 Guy Dollé 1942— - INTERNATIONAL INFLUENCE, PROMOTES NEGOTIATION RATHER THAN CONFRONTATION
He was active not only within Arcelor but in the international steel trade in general, believing that consolidation among international companies—as was the case with the inception of Arcelor—was the best way for steel corporations to survive in an industry that he saw as suffering from overcapacity.
The tariffs created such anger that the Anglo-Dutch group Corus asked the European Commission (EC) to retaliate against the United States; the EC immediately announced it would take the issue to the World Trade Organization (WTO), the acting court for international trade disputes.
To gain footing in the U.S. market, Dollé had been negotiating with Bethlehem Steel Corporation, the third-largest steel producer in the United States, for a stake in their Burn's Harbour, Indiana, steel mill; Bethlehem had filed for Chapter 11 bankruptcy protection the previous year.
www.referenceforbusiness.com /biography/A-E/Doll-Guy-1942.html   (1629 words)

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