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05 Jan
06:18

Baowu restructures stainless business with Taiyuan headquarters

The Shanxi provincial State-Owned Assets Supervision and Administration Commission has held a meeting to promote the establishment of Baowu Group’s Taiyuan headquarters. This will act as a platform for Baowu to become a leading global stainless steel producer, the firm says. Baowu officially took control of Taiyuan Iron & Steel (Tisco), making it the largest stainless steelmaker globally. Baowu’s Baosteel Desheng and Ningbo Baoxin were then transfe…
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