# Shandong Iron and Steel acquires Yinshan Section Steel for 714 million yuan

Shandong Iron and Steel Co., Ltd. announced it will acquire 100% equity of Laiwu Steel Group Yinshan Section Steel Co., Ltd. from Laiwu Steel Group for 714 million yuan in cash. The acquisition will make Yinshan Section Steel a wholly owned subsidiary.

- Type: Acquisition
- Announced: 2025-10-24
- Where: China
- Value: $100.0M (714.0M CNY)
- Status: announced
- Products: plate steel, pig iron, steel billet, iron ore
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Shandong Iron and Steel Group](https://endata.com/companies/56512.md) (acquirer)
- [Laiwu Steel Group](https://endata.com/companies/88054.md) (target)
- [Laiwu Steel Group Yinshan Section Steel Co., Ltd.](https://endata.com/companies/88055.md) (target)

## Sources

- [finance.sina.com.cn](https://finance.sina.com.cn/roll/2025-10-24/doc-infuyzvf5893324.shtml), 2025-10-24: "公司拟以自有现金购买莱钢集团持有的莱芜钢铁集团银山型钢有限公司100%股权，交易价格为7.14亿元。"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.