China Installs New Sinosteel Head

(Beijing) -- Sinosteel Corp., China's largest iron ore trader, had its top leader replaced by the central government on May 16, according to a statement posted on Sinosteel's website.

Jia Baojun was appointed as president of Sinosteel Corp, replacing former head Huang Tianwen, Jiang Zhigang, an official at the State-owned Assets Supervision and Administration Commission, announced the decision in a meeting at the central government-controlled company.