SHENYANG - China's Anshan Iron & Steel Group Corp. has inked a deal with British Stemcor to set up a joint venture, an official of the Chinese company said Tuesday.
Anshan, the State-owned parent company of Ansteel based in northeast China, and Stemcor will each hold a 50 percent stake in the new company, whose main functions include planning and implementing investment programs of the two collaborators, said Li Dongwei, a vice manager of international business.
Ansteel cements steel moves in US.
