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23 Nov
10:09

Baowu pushes integration of steelmakers in Xinjiang

Tianshan United Steel will reach equity transfer agreements with Xinxing Ductile Iron Pipes Xinjiang and Shougang Yili, according to parent company Baowu’s Xinjiang Bayi Iron & Steel. It will also participate in the acquisition of steel plants that intend to dispose of assets, Kallanish notes. As for the acquisition of other steel companies in Xinjiang, Tianshan Steel plans to realise this in the next three years. Baowu previously set the integration of …
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