Author: Lalita
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China: Ansteel Group to expand capacity to 63 mn t/year with Benxi Steel acquisition
In a sure sign of China’s steel industry moving towards increasing concentration, the state-owned steel major, Ansteel Group, is moving towards acquiring the Benxi Iron and Steel Group Co. in China’s Liaoning Province, as per latest reports accessed by SteelMint. The State-owned Assets Supervision and Administration Commission for the Province of Liaoning transferred its 51%…