8th World Antimony Forum

TBD
Guiyang, Guizhou, China

12th Rare Earth Summit

TBD
Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

TBD
Hangzhou, Zhejiang, China

9th Magnesium Summit

TBD
Hangzhou, Zhejiang, China

13th World InBiGeGa Forum

TBD
Hangzhou, Zhejiang, China

7th World Antimony Forum

June 13-14, 2019
Changsha, Hunan, China

7th Refractory & Abrasive Materials Summit 2019

May 23-24, 2019
Qingdao, Shandong, China

10th Aluminum Raw Materials Summit

May 16-17, 2019
Zhengzhou, Henan, China

11th Rare Earth Summit

May 9-10, 2019
Qingdao, Shandong, China

8th Magnesium Summit

April 11-12, 2019
Zhuhai, Guangdong, China

12th World InBiGeGa Forum

March 14-15, 2019
Zhuhai, Guangdong, China

Baowu and Magang Group sign agreement for restructuring

2019-09-19 18:16:38   【Print】
On the afternoon of September 19, China Baowu Steel Group and Magang Group signed an agreement for implementing restructuring in Hefei.

On June 3, Masteel Group released an announcement that the company received China Baowu and State-owned Assets Supervision and Administration Commission of Anhui signed an agreement for gratuitous transfer of state-owned equity. Based on the agreement, the former acquires 51% equity in Magang Group Holding Co.Asian Metal Copyright China Baowu Steel Group is the result of joint restructuring between Baosteel Group Co.Asian Metal Copyright, Ltd.Asian Metal Copyright China Baowu is the pilot enterprise for state-owned fund to invest in companies.Asian Metal Copyright and the latter holds 49%.Asian Metal Copyright8 billion USD100 billion and the crude steel output was 67.Asian Metal Copyright Thus, China Baowu is the new controlling shareholder of Magang Group Holding Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.

After the transfer, Magang Group directly holds 3.5 billion shares of Masteel Group's A-shares, accounting for about 45.Asian Metal Copyright67 billion and the company produced 19.Asian Metal Copyright54% in Masteel Group's total equity, and becomes the direct controlling shareholder of Masteel Group and China Baowu becomes the indirect one.Asian Metal Copyright On June 3, Masteel Group released an announcement that the company received China Baowu and State-owned Assets Supervision and Administration Commission of Anhui signed an agreement for gratuitous transfer of state-owned equity.Asian Metal Copyright As China Baowu belongs to State-owned Assets Supervision and Administration Commission of the State Council, the latter will be the actual controller of Masteel Group.

The general assets of Magang Group in 2018 were RMB97.004 billion (USD13.Asian Metal Copyright and the latter holds 49%.Asian Metal Copyright67 billion) and the company produced 19.Asian Metal Copyright5 billion shares of Masteel Group's A-shares, accounting for about 45.Asian Metal Copyright64 million tons of crude steel.Asian Metal Copyright It is said that after restructuring, the total output of crude steel will be improved to more than 87 million tons, accounting for about 9.Asian Metal Copyright With the steel mating production scale of 20 million tons, Magang Group has four major iron and steel production bases, including the head office of Masteel Group, Changjiang Iron and Steel, Hefei Company and Wadun Company.

China Baowu Steel Group is the result of joint restructuring between Baosteel Group Co., Ltd.Asian Metal Copyright With the steel mating production scale of 20 million tons, Magang Group has four major iron and steel production bases, including the head office of Masteel Group, Changjiang Iron and Steel, Hefei Company and Wadun Company.Asian Metal Copyright and Wuhan Iron and Steel (Group) Co.Asian Metal Copyright25 million tons.Asian Metal Copyright, Ltd.Asian Metal Copyright8 billion USD100 billion and the crude steel output was 67.Asian Metal Copyright, which was founded on December 1, 2016 with the iron and steel capacity of 70 million tons.Asian Metal Copyright64 million tons of crude steel.Asian Metal Copyright China Baowu is the pilot enterprise for state-owned fund to invest in companies.Asian Metal Copyright Based on the agreement, the former acquires 51% equity in Magang Group Holding Co.Asian Metal Copyright The general assets of China Baowu in 2018 were RMB711.Asian Metal Copyright Based on the agreement, the former acquires 51% equity in Magang Group Holding Co.Asian Metal Copyright8 billion (USD100 billion) and the crude steel output was 67.Asian Metal Copyright and Wuhan Iron and Steel Group Co.Asian Metal Copyright25 million tons.

It is said that after restructuring, the total output of crude steel will be improved to more than 87 million tons, accounting for about 9.4% in national crude steel output.Asian Metal Copyright and Wuhan Iron and Steel Group Co.Asian Metal Copyright The restructuring is expected to move the concentration index of Chinese iron and steel industry up by 1.Asian Metal Copyright .Asian Metal Copyright5%, improve bargaining power of Chinese steel mills with overseas mines and Chinese discourse power in iron and steel industry chain all over the world.
.Asian Metal Copyright Based on the agreement, the former acquires 51% equity in Magang Group Holding Co.Asian Metal Copyright