22
Sep
15:51
Baosteel and Wugang merger receives government go-ahead
The merger of major steelmakers Baosteel and Wuhan Iron and Steel (Wugang) has been approved by China’s State Council according to the national State-owned Assets Supervision and Administration Commission (SASAC).
In a brief statement on its website on 22 September monitored by Kallanish, the SASAC said that Baosteel and Wuhan have received State Council approval to implement joint reorganisation. This will create the world’s second-largest steel com…
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Anonymous
Very good overview of the weekly steel market.
Anonymous