Huge Steel Combines Eyed under Jiangsu Govt. M&A Plan
The provincial government of East China’s Jiangsu is proposing to smooth mergers and acquisitions among local steel enterprises to create major eight steel conglomerates with the largest, led by Shagang Group, controlling nearly 52 million tonnes/year of steelmaking capacity. Details of the government’s plan, contained in a document from Jiangsu Iron
