Wuhan Iron and Steel Group shelves plan to build steel mill in Brazil

Wuhan Iron and Steel Group, China's fourth-largest steel producer, has shelved plans to build a steel mill in Brazil after negotiations on infrastructure investment floundered, the company's head Deng Qilin said yesterday.

Speaking on the sidelines of the Communist Party's 18th national congress, he said the company's Brazilian partners had failed to provide the conditions for Wuhan Iron and Steel, also known as Wugang, to invest.

via Business feed http://www.scmp.com/business/china-business/article/1080281/wuhan-iron-and-steel-group-shelves-plan-build-steel-mill