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Baowu Steel

China: Baowu Steel to acquire majority stake in rival Magang
 |  Jun 2, 2019

China Baowu Steel Group, the world’s second-largest steel producer, will acquire a majority stake in rival Magang Group Holding as China pushes for consolidation in its steel industry. In a statement posted on the website of the Shanghai Stock Exchange on Sunday, June 2, Magang’s listed entity, Maanshan Iron & Steel, stated the deal signed […]

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