Recently, Sinosteel spokesperson hereby made the following statements:
1. Presently, Sinosteel and its subsidiaries regular operating the management, continues to maintain smooth operation, without any loss.
2. Sinosteel and Rio Tinto joint venture the channar iron ore has been operating normally.
3. Sinosteel has no appointment with the new Secretary of the Part and CEO.
4. Sinosteel takeover of Midwest is running in right order. As a long-term strategic investment, Sinosteel has confidence on Midwest with long-term benefit and development potential.