19
Sep
06:21
SASAC approves Baosteel and Wugang restructuring plan
China’s central State-owned Assets Supervision and Administration Commission (SASAC) has approved a restructuring plan to merge Baosteel and Wuhan Iron and Steel (Wugang) at the end of August. This is according to Caixin, which also says the plan has been handed to the State Council.
The world’s second-largest steel company worth CNY 700 billion ($104.97 billion) and with 60 million tonnes/year steelmaking capacity will be born if…
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Anonymous
Very good overview of the weekly steel market.
Anonymous