China Baowu Steel Group, the world's largest steelmaker, is seeking closer ties with iron ore miner Rio Tinto, the main competitor of Vale, as China's demand for the raw material recovers.
Baowu is seeking to benefit from efforts to repair trade relations between China and Australia, the steelmaker's president Chen Derong said in a meeting on Friday (17) with Subscribe to our Premium Membership Plan. Already Subscribed? Login Here