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10 Jun
04:08

Baowu fuels Chonggang merger rumours

China's Baowu Group and the Chongqing Municipal Government have signed a strategic cooperation framework agreement on deepening the cooperation between the steel and logistics industries, local media reports. The focus of cooperation between the two sides in the steel industry is Chongqing Iron & Steel (Chonggang), Kallanish notes. Baowu said that "... we will set up the group's southwestern regional headquarters in Chongqing,'' whi…
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