Sino-File

More mills for Mittal?

“It’s good news the government is moving forward with reforms and liberalisation on foreign investment”

Lakshi Mittal w

Lakshmi Mittal

Lakshmi Mittal commenting to Bloomberg on the possibility that a ban on foreign takeovers of Chinese steelmakers may be repealed, as reformers look to restructure the industry. Separately, his ArcelorMittal has just opened a new plant – a joint venture in Loudi producing higher-end steel for cars, one of the more profitable segments of China’s beleaguered steel sector.


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