China's crisis-hit steel mills look overseas
Producers eye assets in South-east Asia, Eastern Europe, Africa to shift output abroad
Shanghai
LADEN with debt and struggling to make money as the world's No 2 economy loses momentum, China's steel mills do not appear obvious candidates for overseas expansion.
But the country's crisis-hit steel sector is calling for strong government backing for plans to ramp up foreign acquisitions, as it looks to escape weak demand-growth and soaring environmental costs at home.
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