# Baosteel Group acquires Xinxing Cast Pipe Xinjiang for 2.18B yuan

Xinjiang Tianshan Iron and Steel, a subsidiary of Baosteel Group Xinjiang Bayi Iron and Steel, intends to acquire 100% equity of Xinxing Cast Pipe Xinjiang Co., Ltd. for 2.181 billion yuan.

- Type: Acquisition
- Announced: 2020-11-23
- Where: Xinjiang, China
- Value: $335.0M (2.18B CNY)
- Status: announced
- Products: construction steel bar, industrial oxygen, industrial nitrogen, pure argon, coke, tar, centrifugal ductile iron pipe
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Baosteel](https://endata.com/companies/45744.md) (acquirer)
- [Xinxing Cast Pipe Xinjiang](https://endata.com/companies/51379.md) (target)

## Sources

- [news.metal.com](https://news.metal.com/newscontent/101324998-baosteel-group-acquires-the-second-largest-steel-company-in-xinjiang-with-nearly-22-billion-yuan), 2020-11-23: "Xinjiang Tianshan Iron and Steel Co., Ltd., the controlling subsidiary of Baosteel Group Xinjiang Bayi Iron and Steel Co., Ltd., intends to acquire 100% equity of Xinxing cast Pipe Xinjiang Co., Ltd., the equity transfer price is 2.181 billion yuan."

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