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10 Feb
10:58

Uncertainty increases in Baowu reorganisation of Baotou Steel

There are signs that Baowu Group has hit some snags in its reorganisation of Baotou Iron and Steel in Inner Mongolia, but it is unclear whether this means delays or a cancellation of the merger, Kallanish notes. First of all, Baowu's usual leadership replacement strategy before the formal merger has been adjusted. Chen Yunpeng was directly appointed as the general manager of Baotou Steel from the general manager of Baosteel Zhanjiang in April last year, r…
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