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.
Alan Chirgwin, general manager of marketing at BHP Billiton’s iron ore division, said the company expects economic growth in China to firm up through the rest of the year. He also noted that BHP’s long-term view on China is positive.
Source (English): Reuters Africa