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Baowu Steel to acquire Shandong Iron and Steel · Endata

◂ Announcements

Jul 15, 2021ACQUISITIONChina

Baowu Steel to acquire Shandong Iron and Steel

China Baowu Steel Group will acquire domestic rival Shandong Iron and Steel Group through a strategic restructuring via the province's government asset regulator. The combined company had 146 million tonnes of crude steel output in 2020. No timeline or ownership details were provided.

Status

Announced

Capacity

155 million tonnes per year installed production capacity

Productscrude steel

CompaniesChina Baowu Steel Group acquirer Shandong Iron and Steel Group target

Sectors#Steel and Metal Products

“The merger will deepen China's supply side reforms and strengthen China's state-owned industries.”argusmedia.com

1 source
argusmedia.comChinese steel producer Baowu to acquire Shandong Steel | Latest Market NewsJul 16, 2021

Summarized from public sources; check the original articles before acting on it.

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