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CONF: China’s overseas steel investment risks arising


China’s steel mills should conduct a more thorough study when exploring overseas steel investment opportunities either in greenfield projects or takeovers of existing steel assets, as risks have been arising in steel overcapacity in some countries or the growing difficulties in receiving funding, Ruan Qinghua, vice general manager of Capital Engineering & Research Incorporation Limited of Metallurgical Corporation of China (MCC) reminded the market.
MCC is China’s largest metallurgical engineering and construction company that have been contracted to many major iron or steel projects in and out of China, and Ruan highlighted the risks with addressing the over 163 attendees of Mysteel’s 2021 Steel Semis Imports Training on May 28 in Shanghai. The ASEAN region,


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