China stainless steel mogul fights to avoid a second collapse
A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry.
Macquarie Commodities reports that Japan’s Komatsu, which has a 35% share of the world’s mining equipment market, expects global sales to rise by 10% to near-record levels in FY2010/11, driven by strong demand for commodities. In China, sales are expected to see even stronger growth of 40-50%. Komatsu also reports a progressive trend toward more open-pit mining in China.
