BEIJING, Sept 15 (Reuters) - China's Anshan Iron and Steel Group Corp will sign an investment deal with Steel Development Co on Wednesday, a source at the Chinese company said on Wednesday.
Anshan said last month that it was committed to pushing ahead with a plan to invest in a U.S. steel plant being built by Steel Development, although an executive at its listed arm Angang Steel Co Ltd earlier said it had suspended the plan because it faced limited prospects for success.
The planned investment, for a 14 percent stake in a $175 million rebar facility being built in Amory, Mississippi, has also encountered oppostion from U.S. lawmakers. (Reporting by Shao Xiaoyi and Tom Miles; Editing by Chris Lewis)