China steel mill scraps US$5 billion Brazil plant on high costs low prices [Archive] - In Search of Chicas

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NewsWhore

07-03-2012, 03:50 PM

BEIJING -- A major Chinese steelmaker has scrapped a plan to build a US$5 billion factory in Brazil due to high costs and a slump in global prices for the metal, state media said ...

More... (http://www.brazilsun.com/index.php?sid/207149141/scat/24437442923341f1)