Rumors said China Baosteel will Participates in bidding fro Rio Tinto

Rumors said that the biggest steel company of China—Baosteel participating in bidding for Rio TInto. According to the report, chairman of Baosteel XU Lejiang said they are considering to bidding for Rio Tinto by 124 billion dollars. AFP (French Press Agency) and other international broadcasting station quote his words that: “we are considering to participating in the bidding.” At the same time, China’s ninth steel producer—Shougang denied this rumor. BHP Billiton and Rio TInto give no comments on this.