# 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.

- Type: Acquisition
- Announced: 2022-06-23
- Where: Liaoning province, China
- Status: announced
- Capacity: over 61 million mt/year crude steel
- Products: crude steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Anshan Iron and Steel Group](https://endata.com/companies/26479.md) (acquirer)
- [Lingyuan Iron and Steel Co.](https://endata.com/companies/63646.md) (target)

## Sources

- [spglobal.com](https://www.spglobal.com/commodity-insights/en/news-research/latest-news/metals/062422-chinese-steelmaker-angang-strengthens-position-with-lingyuan-acquisition), 2022-06-24: "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."

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