China Steel Investment Still High, Association’s Zhang Says

Investment in China’s steel industry remains high even as companies are struggling to make profits, said Zhang Changfu, vice chairman and secretary general of the China Iron and Steel Association. Investment in the industry from non-state-owned companies was twice that from state companies in the January to October period of this year, Zhang said at a Mysteel.com conference today in Shanghai.

To contact Bloomberg News staff for this story: Helen Yuan in Shanghai at hyuan@bloomberg.net

To contact the editor responsible for this story: Mohammed Hadi at mhadi1@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.