21
May
11:45
Baowu begins overseeing Baotou Steel subsidiaries
China’s Baowu Group is reported to have already begun supervising several subsidiaries of Baotou Steel, prompting talk of a restructuring and possible merger, Kallanish notes from local media.
Reports of a merger between Baotou Steel and Baosteel have emerged before, but have never come to fruition. Baowu Group's relentless pace of acquisition in recent years, however, has seen it take effective control of a number of major steelmakers. The integrat…
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Anonymous
Very good overview of the weekly steel market.
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