Tag: Magang Group
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Is Mega Merger on its Way in Chinese Steel Sector?
According to the latest reports, China’s steel giant Baowau Steel Group is in talks to acquire its rival Magang Group which would ultimately result in the creation of a steel conglomerate whose steel output will stand very close to that of the world’s top-ranked steel producer ArcelorMittal. Baowau Steel is China’s largest steel manufacturer whose…