Angang plans to acquire Lingyuan Iron & Steel Group

China's second-largest steelmaker Anshan Iron & Steel Group (Angang) is planning to acquire Lingyuan Iron & Steel Group, which will increase Angang's annual crude steel output to over 61 million mt. The acquisition is in the planning stage and needs government approval.

“China's second-largest steelmaker Anshan Iron & Steel Group, or Angang, is planning to acquire Lingyuan Iron & Steel Group, which will further consolidate the steel industry in northeastern China's Liaoning province.”spglobal.com

• 1 source
• spglobal.comChinese steelmaker Angang strengthens position with Lingyuan acquisitionJun 24, 2022

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