SteelMint

Tag: China’s Shagang

  • Shagang to be China’s 2nd largest steelmaker via M and A

    Shagang to be China’s 2nd largest steelmaker via M and A

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    Admin Operation
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    Shagang Group (Shagang), China’s third-largest (and a hopeful runner-up) steel producer in terms of crude steel output, has advanced its merger and acquisition (M&A) strategy by taking 60% stake in Nanjing Iron & Steel United Co. (Nangang) from Chinese conglomerate Fosun International, according to the official statements released by the three companies on Wednesday night.…