China’s 2nd-largest steel mega-merger to see Shagang control Anyang Steel

Eastern China’s Shagang will participate in a mixed ownership reform of central China’s Anyang Iron & Steel, and the former is likely to emerge as the controlling shareholder in the latter, according to a notice released by Anyang Steel late on Thursday May 13.

The change in shareholding will neither influence the steel production of the two mills - based in the provinces of Jiangsu and Henan...


Jessica Zong

May 14, 2021

05:33 GMT