摘要
State-owned steel magnate Sinosteel Corp. has been cast under a shadow of conflict and conjecture, a situation which manyindustrial insiders have attributed to the poor performance of the company. Recently, some media outlets reported that Sinosteel was facing default of 78 billion yuan （$12.7 billion） on loans from nine banks, and the State-owned Assets Supervision and Administration Commission of the State Council （SASAC） was likely to inject 20 billion yuan （$3.26 billion） in order to resuscitate the company.
Nerves of steel are needed in the face of market speculation after a rumored loan default By Wang JunState-owned steel magnate Sinosteel Corp.has been cast under a shadow of conflict and conjecture,a situation which many industrial insiders have attributed to the
