Mittal Steel Co. confirms that it is involved in discussions with Baotou Iron and Steel Group Co., Ltd. about a possible participation in this company. Baotou is a mid-sized steel mill in China that is located near Mongolia.
If completed, it will be Mittal’s second purchase of a minority stake in a Chinese steelmaker. Earlier this year Mittal closed on a deal to acquire a 37 percent stake in Hunan Valin Steel Tube & Wire Co.
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