China Steel Investment Still High, Association’s Zhang Says

Dec. 17 (Bloomberg) -- 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