The Valin Iron & Steel Group is seeking a foreign strategic investor for its unlisted steel tube business, China Business Daily reports. The group, which in September started a restructuring of its steel tube business that will be completed by year-end, is looking for an investor to bring not only financing but technological expertise as well. According to Wang Jun, the deputy general manager of the listed Valin Steel Tube & Wire Company, this goal leaves Mittal, which recently acquired 36.673% of the listed company, out of consideration. Wang said that Valin had already started its search for financing, and it has been in close contact with a well-known international steel tube company. Valin is taking a different tack toward going public from that used by other steel giants Baosteel and Wuhan Iron & Steel; by restructuring step by step it avoids problems and pressures resulting from listing the entire company all at once. Valin Steel Tube & Wire: 000932.SZ Link: http://dycj.ynet.com/article.jsp?oid=6824464