HomeNon-ferrous MetalsRaw materials China takes on ArcelorMittal with latest Shougang-Baowu share transfer China is looking to take on the world’s top steelmaker, ArcelorMittal, with a share transfer between Shougang and Baowu Steel. Northern China’s Shougang Group is transferring 15% of its share in the listed unit of the same name to Baowu Steel without any charge, according to a company notice last Friday November 8. This takes Baowu Steel - China’s biggest mill and second globally only to ArcelorMittal - one step closer toward becoming the world's largest steelmaker,... Email this article Your details Your recipients's details You can enter a maximum of 5 recipients. Use ; to separate email addresses. Email yourself a copy? Enter the code: Ok To view this content, please take a free trial or subscribe to our service. Already registered? Log in Subscribe to the latest news: Personalized live and breaking news alerts Access live news and market information Access our market news archive back to 1997 Buy now Take a FREE 7 day trial: Access the past month's market insights Coverage from our experts embedded in the markets Try our global metal company database Take a trial Contact Us +44 (0) 20 7779 8260 hello.mb@fastmarkets.com Published Jessica Zong November 11, 2019 07:30 GMT Shanghai Keywords China Baowu Steel Shougang Maanshan Iron & Steel Chongqing Steel Related news {{article|snippet:'title'|removeHtmlTags}} {{article|fields:'dates'|date:dateArticleFormat}}
