# Ansteel and Ben Gang Group sign merger deal

Chinese steelmakers Ansteel and Ben Gang Group Corporation signed a merger deal on August 20, 2021, forming the world's third-largest steelmaker with annual production capacity of 63 million metric tons.

- Type: Acquisition
- Announced: 2021-08-20
- Where: China
- Status: completed
- Capacity: 63 million metric tons of crude steel per year
- Products: crude steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Ansteel](https://endata.com/companies/32720.md) (acquirer)
- [Ben Gang Group Corporation](https://endata.com/companies/57261.md) (target)

## Sources

- [agmetalminer.com](https://agmetalminer.com/2021/08/23/this-morning-in-metals-chinese-steelmakers-ansteel-ben-gang-to-merge/), 2021-08-23: "Two Chinese steelmakers are merging to form the world's third-largest steelmaking company, state-run news outlet Xinhua reported Friday."

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