China Baowu Steel Group may reorganize Shandong Iron and Steel Group
2021-07-15 17:35:02 [Print]
On July 14, Shandong Iron and Steel Co., Ltd. issued a reminder announcement concerning the strategic restructuring of Shandong Iron and Steel Group. According to the announcement, the State-owned Assets Supervision and Administration Commission of the People's Government of Shandong is working with China Baowu Steel Group to plan a strategic restructuring matters against Shandong Iron and Steel Group. This matter may lead to changes in the controlling shareholder and actual controller of Shanxi Iron and Steel Group.
According to data from the World Steel Association, in 2020, the crude steel output of Shandong Iron and Steel Group was 31.11 million tons, ranking seventh in China and tenth in the world; China Baowu's crude steel output was 115 million tons, ranking first in the world.
According to data from the World Steel Association, in 2020, the crude steel output of Shandong Iron and Steel Group was 31.11 million tons, ranking seventh in China and tenth in the world; China Baowu's crude steel output was 115 million tons, ranking first in the world.
