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ARCELORMITTAL

MT - [ISIN LU0323134006]

Cours : 25,290 €   Variation : +0,12%
Marché : Euronext Amsterdam (temps différé)
ArcelorMittal Keen To Cooperate With Chinese Cos On Iron Ore
BEIJING -(Dow Jones)- ArcelorMittal (MT), the world's biggest steel producer by output, hopes to cooperate with Chinese steel makers on iron ore exploration and mining, Roland Verstappen, global vice president of the firm, said Saturday.
"We have iron ore resources in our portfolio, and China is the biggest iron ore importer," Verstappen said on the sidelines of the Global Think Tank Summit in Beijing. "There is a potential chance for cooperation for both sides."
Asked if the group is in talks Chinese mills, Verstappen said, "I don't think this will happen soon."
ArcelorMittal is the second-largest shareholder in Hunan Valin Steel Tube & Wire Co. (000932.SZ), the listed unit of Hunan Valin Iron & Steel Group Co., with a stake of 33%.
-Juan Chen contributed to this story, Dow Jones Newswires; (8610) 6588 5848; juan.chen@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=%2BfhAlRqrEit8ajqqv9HwJg%3D%3D. You can use this link on the day this article is published and the following day.

Publié le 04 Juillet 2009 Copyright © 2009 Dowjones


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