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China steel mill urges fair market in US

07-09-2010 09:05 BJT

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China's Anshan Iron and Steel Group has called for a fair market environment in the United States, after 50 US lawmakers sought to block its investment in a US steel company.

In a recent letter to US Treasury Secretary Timothy Geither, the Congressmen said the joint rebar venture proposed by Anshan Iron and Steel and US's steel Development Company, threatens American jobs and national security.

But the steel mill said in a statement that its investments in the US and other regions, were commercial acts based on market demand. Anshan plans to hold a 14 percent stake in a 175 million US dollar rebar plant.

Editor:Xiong Qu |Source: CCTV.com

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