Ansteel to step up restructuring

Ansteel general manager Zhang Xiaogang disclosed that the company will take a big step in the next three months toward its inner structural adjustment plan including a possible massive merger that would cover assets in places beyond northeastern China. He admitted the growth rate of iron ore benchmark this year may be unexpectedly high, far above the original estimates of 20 percent to 30 percent, but adding China's consumption of homegrown iron ore will largely increase.