It is reported that the steelmakers of China have added their voices to a worldwide chorus of protest against BHP Billiton’s plan for merger with Rio Tinto.

China Iron and Steel Association published a commentary in which it judged that the merger would create an even bigger monopoly.

CISA said “The merger is not good for global steel companies. Iron ore production over concentration will not be helpful for the long term development of normal trade.”

With this, EUROFER, JISF, South Korean and CISA has started voicing opposition to BHPB’s plans of merger with Rio Tinto.