By Siyi Liu and Mai Nguyen

BEIJING/HANOI, August 16 (Reuters) - China's chromium steel nerve and nickel colossus Tsingshan Property Chemical group is considering merchandising approximately of its assets in Indonesia to Nationalist China Baowu Steel Group, the world's whirligig brand producer, sources aforementioned.

Tsingshan has in recent days been investing heavily in Indonesia, turn the nickel-fat Southeast Oriental state into a hub of unsullied blade and nickel product and Produsen Scrub sink a conceivable whirligig provider of electrical vehicle shelling chemicals.

"(It's) still under discussion," a Tsingshan functionary said, referring to the conceivable sale, without elaborating.

Two early sources at Baowu inveterate the talks, with ace locution that the attainment would be contribution of the Taiwanese state-restricted brand firm's long-term goal to expand in the untarnished blade sector, especially in Southeast Asia.

It would likewise be in Baowu's interests to inflate into nickel, almost of which is exploited in making unsullied brand.

"Our layout in the nickel industry is quite limited, and it is now too late to buy resources and invest a large amount of money to build factories," aforesaid a moment informant at Baowu.

"Tsingshan has the intention to sell some of their assets, and build good relationships with a state-owned company. Both sides are interested in getting a deal," the seed added.

Baowu did non react to a asking from Reuters for scuttlebutt and Tsingshan could non be reached for gloss.

Bloomberg Word foremost reported the imaginable sales event on Mon.

It could be deserving up to $4 trillion and screen chromium steel brand and atomic number 28 copper iron out plants in Indonesia's Morowali Commercial enterprise Green.

The cause for the sales event was that Tsingshan's boss, Xiang Guangda, had been "rethinking" his company's future tense in a unforesightful rack when he faced billions of dollars in mark-to-food market losses, Bloomberg reported.

Tsingshan was caught in the crabby hairs this twelvemonth afterward its brusque positions in atomic number 28 were exposed by a terms tide of the alloy on the London Alloy Switch - partly due to fright of to-do of supplies from Russia because of sanctions all over Ukrayina.

(Coverage by Siyi Liu in Capital of Red China and Mai Nguyen in Hanoi; Redaction by Henry Martyn Robert Birsel)