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Anshan's foreign investment in Mississippi's Steel Development Corp. takes two more twists
  • Sullivan & Worcester LLP
  • USA
  • August 23 2010

Our blogpost on August 4 detailed the controversy generated over the investment by China's Anshan Iron & Steel Group in exchange for a minority position in a $175 million rebar steel facility of Mississippi's Steel Development Corp.

Man bites dog: Congress lobbies CFIUS on steel development joint venture
  • Sullivan & Worcester LLP
  • USA, China
  • August 4 2010

As widely reported, 50 members of the U.S. Congressional Steel Caucus sent a letter to Secretary of the Treasury Geithner on July 2 asking the Committee on Foreign Investment in the United States (CFIUS) to “thoroughly investigate” a Chinese investment in a Mississippi steel project on grounds that it would permit the Chinese government to exploit the American market through a U.S.-based business and possibly threaten national security.

Bill Newman
  • Sullivan & Worcester LLP