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06 May
05:24

Chinese steel companies face more mergers and acquisitions

After Anyang City in Henan province announced an integration plan for its steel companies, Handan City in Hebei province and Xuzhou City in Jiangsu province have now also introduced plans to merge steel companies. Local governments believe that allowing steel companies to integrate and reducing their numbers is conducive to the elimination of backward production capacity, Kallanish notes. It is also necessary for the upgrading of the steel …
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