he says their steel industry will notch up growth in 2009 after rationalization and consolidation of smaller inefficient mills.
the chinese lack good quality ore which is vital for efficient steel production.
but buying high quality ore from bhp and rio is too expensive so they are steering away from the majors who they hate and are forging ties with the "new miners"
no doubt mr zang will be chatting with george and garret at the conference.
GBG Price at posting:
48.2¢ Sentiment: Buy Disclosure: Held
