Greater China

Anshan Steel to establish jv with Cosco

Dalian: Anshan Iron and Steel Group (Anshan Steel), one of China’s largest steel producers, said it is currently in negotiations with Cosco Bulk Shipping Group to establish a logistics joint venture.

The jv will provide logistics support for Anshan Steel’s Karara iron ore project in Australia, in which Anshan Steel holds an interest of 52.16%.

Anshan Steel has already set up a jv, Cosco Angang Shipping, with Cosco-affiliated Guangzhou Ocean Shipping back in 2004. [13/08/14]

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