# 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.

- Type: Acquisition
- Announced: 2021-07-15
- Where: China
- Status: announced
- Capacity: 155 million tonnes per year installed production capacity
- Products: crude steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [China Baowu Steel Group](https://endata.com/companies/37069.md) (acquirer)
- [Shandong Iron and Steel Group](https://endata.com/companies/56512.md) (target)

## Sources

- [argusmedia.com](https://www.argusmedia.com/en/news-and-insights/latest-market-news/2234903-chinese-steel-producer-baowu-to-acquire-shandong-steel), 2021-07-16: "The merger will deepen China's supply side reforms and strengthen China's state-owned industries."

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