Japan's JFE to Build Steel Plant in China Aug 6, 2007

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Japanese steel giant JFE Holdings Inc. and a Chinese steel company have agreed to jointly invest 6.3 billion yuan (US$833 million) to build a plant in south China. The new mill, which will take two and a half years to build, will meet rising demand from the appliance industry, in addition to automobile and general construction. (Reuters).

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