Hebei Iron and Steel has spent hundreds of millions of dollars on acquiring mines in Africa, Canada and the United States since Wang Yifang took charge in 2008. Photo: Reuters
Hebei Iron and Steel has spent hundreds of millions of dollars on acquiring mines in Africa, Canada and the United States since Wang Yifang took charge in 2008. Photo: Reuters
Business /  Commodities

Hebei Iron may face closer watch

Steelmaker's foreign deals could be under greater scrutiny amid the sudden removal of its chairman over corruption allegations

Toh Han Shih
Toh Han Shih

Updated: 4:47am, 23 Dec, 2013

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Hebei Iron and Steel has spent hundreds of millions of dollars on acquiring mines in Africa, Canada and the United States since Wang Yifang took charge in 2008. Photo: Reuters
Hebei Iron and Steel has spent hundreds of millions of dollars on acquiring mines in Africa, Canada and the United States since Wang Yifang took charge in 2008. Photo: Reuters
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