The world's largest steel companies recolor metal, President and chief executive of a company, sago, mittal said recently that makes it feel's delight, the Chinese government is a step in the iron and steel industry reform, relax the limitation of the foreign investment in China's iron and steel industry, and to allow foreign investment in China's iron and steel industry in the past ten years has been the iron and steel industry attention. For arcelor mittal company, although it's not easy to break into the Chinese market may successfully, but compared to other foreign iron and steel enterprises, it has in the Chinese steel industry has a certain base.
Recently, arcelor mittal company joint venture with hunan valin group and put into operation a new company in China, valin arcelormittal car plate co., LTD., the new iron and steel production capacity of 1.5 million t, the main production of high strength, high value-added cars with plate roll, in order to meet the growing demand of China's automobile industry. To meet the market demand, China imported about 2 million a year t automotive steel, China automotive steel demand growth rate of around 10%. New iron and steel plant is located in loudi city, hunan province, the factory is expected to become one of the major suppliers of China automotive steel, replacing part of the automobile and steel imports.