An official document issued by the provincial government earlier this week outlined its plans to push toward a merger of the two steelmakers as part of its Five-Year Plan (2021-2025).
Such a move would cultivate more first-class steel groups in the country to improve synergies in the ferrous sector. By 2025, the provincial government expects annual revenues for high-quality steel to exceed 200 billion yuan ($30 billion), according to the document.
Tan Chengxu, chairman of the state-owned Anshan...
