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Tag: China.steel

  • China: Baowu gets Beijing approval to acquire Sinosteel Group

    China: Baowu gets Beijing approval to acquire Sinosteel Group

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    China’s State-owned Assets Supervision and Administration Commission of the State Council (SASAC) has granted approval for the restructuring of China Baowu Steel Group (Baowu) and Sinosteel Group (Sinosteel), according to a release from SASAC issued Wednesday. SASAC’s approval now allows Baowu to take control of Sinosteel to expand its business portfolio. Sinosteel, established in 1993,…