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26 Aug
07:58

Restructuring continues to create Chinese steel giants

The trend of mergers in China's steel industry may continue, and the next goal is likely to be the merger of Hebei Iron & Steel Group and Shougang Steel, Kallanish notes from Li Jin, an expert on Chinese state-owned enterprise policy research. Based on the cumulative crude steel output of China's top ten steel companies in 2019, the concentration of the steel industry in 2019 was only 36.6%. After Baowu Group successively acquired Chongqing Iron &…
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