M&A tide in steel and coal industries approaching

The last year's merger between Baosteel and WISCO, the two giants in the steel industry, which eventually formed Baowu Steel Group, is considered to be the landmark event of state-owned enterprise reform and the deepening of supply-side structural reform.Asian Metal Copyright .Asian Metal Copyright In addition, the merger between China Shenhua and Guodian Power is underway this year.Asian Metal CopyrightThe last year's merger between Baosteel and WISCO, the two giants in the steel industry, which eventually formed Baowu Steel Group, is considered to be the landmark event of state-owned enterprise reform and the deepening of supply-side structural reform.Asian Metal Copyright It is learned that the Central Enterprise Coal Asset Management Platform Company funded and established by China Guoxin, Chengtong Group, China Coal Group and Shenhua Group is successfully integrating coal resources of central enterprises involving coal businesses.Asian Metal Copyright In addition, the merger between China Shenhua and Guodian Power is underway this year.Asian Metal Copyright Meanwhile, Coal assets from Poly and SDIC, two non-professional coal-mining enterprises, have been integrated by China Coal Group.Asian Metal Copyright It is learned that the Central Enterprise Coal Asset Management Platform Company funded and established by China Guoxin, Chengtong Group, China Coal Group and Shenhua Group is successfully integrating coal resources of central enterprises involving coal businesses.Asian Metal Copyright According to a number of sources in the coal industry in Shanxi, the local government has issued a relevant plan to integrate local coal resources by coal types.

.Asian Metal CopyrightThe last year's merger between Baosteel and WISCO, the two giants in the steel industry, which eventually formed Baowu Steel Group, is considered to be the landmark event of state-owned enterprise reform and the deepening of supply-side structural reformAsian Metal Copyright