ArcelorMittal is the largest steel producer in the world. In addition as the largest steel producer, ArcelorMittal also has a part of the company that conducted exploration iron ore mine. The iron ore exploration work to meet the needs of iron ore to support the production of steel. Ability to produce iron ore that is owned by ArcelorMittal is a bid to work with the steel company in China. As known, China is a country that has a growth sector of the steel industry increased from year to year. Increased steel production in China to make China the state should increase iron ore supply in the country to support the growth of steel industry.

The desire of cooperation between ArcelorMittal and steel companies of China was delivered by Vice President ArcelorMittal Think Tank event in the Beijing Summit, the following statement of Vice President, Roland Verstappen, “We have iron ore resources in our portfolio, and China is the biggest iron ore importer. There is a potential chance for cooperation for both sides”.

Opportunities for cooperation is very possible because, ArcelorMittal is the second-largest shareholder in Hunan Valin Steel Tube & Wire Co., the listed unit of Hunan Valin Iron & Steel Group Co., with a stake of 33%.

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