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Benxi

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.07 sec.
Ben·xi  (bnsh) also Pen·ki (-j)
A city of northeast China south-southeast of Shenyang. It was founded as a metallurgical center in 1915. Population: 800,000.

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Anshan Iron & Steel Group, the second largest steel producer in China, has announced plans to merge with Benxi Iron & Steel Group.
government agency, had made low-interest loans to Benxi Iron and Steel Company of China for the purchase of modern American technology for their plants.
There was, for example, the case of a Chinese steel mill, the Benxi Iron and Steel Group, that received an $18 million Export-Import backed loan in December 2000 to buy American-made equipment only to be found a year later to be dumping steel into American markets.
 
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