Chinese Baosteel increasing its auto sheet sales in 2003
Market sources report that Chinese steelmaker
Baosteel, currently holding discussion with major Japanese steelmaker Nippon Steel over a joint venture for steel sheet
production for
automotive industry, stated that in order to meet
China's rising demand for automobiles the company aims to increase autosheet sales in 2003 up by 5.7% to 1.3 million ton.
Chinese steel producer
Baosteel's auto sheet sales in 2002 was 1.23 million ton.