ALLIANCE INDUSTAR SHANGHAI CO.LTD STEEL CO.LTD OF CHINA large-size international producing and trading group of metals, minerals and electrical products. Meanwhile it is also engaged in finance, real estate, shipping, bidding and tendering and investment. In 2004, according to the decision by the State Council, Minmetals was formed as one of the 55 group enterprises as the first trial batch in the whole country and one of the groups with the authorization to operate the state-owned assets. In 2005, Minmetals was listed among the 44 key enterprisesmanaged by the Central Government. In 2005, Minmetals' total revenue reached over US $1.78 billion which made it rank