Press Release Summary = BHP Billiton, Mittal Steel, Arcelor SA and Puda Coal Position Themselves on the World Stage
Press Release Body = From Consolidation to Construction: Factors Influencing Global Steel and Coal Markets
BHP Billiton, Mittal Steel, Arcelor SA and Puda Coal Position Themselves on the World Stage
POINT ROBERTS, WA, Delta B.C., April 5th, 2006 - www.China-AsiaStocks.com (CAS), an investor and industry news portal for the China-Asia sector, features "From Consolidation to Construction: Factors Influencing Global Steel and Coal Markets\", for investors and industry following developments in the global steel and coking coal market. As the global steel industry continues to grow, its path of development can be traced through the activities of many of its participants such as BHP Billiton, Mittal Steel, Arcelor SA and Puda Coal Inc.
Mittal Steel (NYSE: MT), currently present in China and establishing an increasingly solid presence there, expressed their viewpoint on China's stance on the global podium, with respect to the steel market: "We see demand remaining strong in the forthcoming year. This is a key strength of the Chinese market, along with low labor costs," described a Mittal spokesperson.
According to Graeme Hunt, President of BHP Iron and Ore at BHP Billiton (NYSE: BHP) in a recent presentation given at the Global Iron Ore & Steel Forecast Conference, "Total production is expected to rise to around 380-400 million tons from 2005 to a total of 348 million tons. Steel production capacity migration to the south (away from the domestic iron ore mines and closer to discharge ports) and the recently released Chinese steel policy imply that the percentage of China's seaborne iron ore imports will continue to increase."
As coking coal continues to play a role in the production of steel, the impact of growth in China's construction industry could be substantial given the increase in activity in this sector. According to Zhao Ming, Chairman and Chief Executive Officer of Puda Coal Inc. (OTCBB: PUDC), a Chinese supplier of premium grade coking coal to the steel making industry, "Steel is vital to the construction of rail systems, bridges, ports, airports, and car production, all of which are fueling the booming Chinese economy and its steady growth of 28% per year."
To Read "From Consolidation to Construction: Factors Influencing Global Steel Markets" In Full Click Here: http://www.China-AsiaStocks.com/Articles/China_Steel&Coal.asp
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Featured Sponsor Participating in the China Asia Market: (CAS is compensated by Puda Coal as disclosed in disclaimer.)
Puda Coal, Inc. (OTCBB: PUDC) through its affiliates and controlled entities, supplies premium grade coking coal to the steel making industry for use in making coke. The Company currently produces 1.5 million metric tons of cleaned coking coal annually, and management believes it is one of the largest suppliers of top grade coking coal in the Shanxi province of China. Shanxi province provides 20-25% of China\'s coal output and supplies nearly 50% of China\'s coke. www.Puda-Coal.com
For additional information on Puda Coal, Inc., click here: http://www.china-asiastocks.com/CO/PUDC/Default.asp or to view their short corporate video, click here: http://www.impactmovie.com/puda_coal/
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For More Information Contact:
Dawn Van Zant 800-665-0411 Jennifer Lee 888-348-3033 Email: dvanzant@investorideas.com or jlee@investorideas.com
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Source: China-AsiaStocks.com, BHP Billiton, Mittal Steel, Puda Coal, Inc.
Web Site = http://www.china-asiastocks.com
Contact Details = Dawn Van Zant 800-665-0411 Jennifer Lee 888-348-3033 Email: dvanzant@investorideas.com or jlee@investorideas.com
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