NEWSBREAK: China's Angang, Bengang get nod to form world's third-largest steelmaker

August 20, 2021 / www.metalbulletin.com / Article Link

The provincial government of Liaoning in northeastern China has approved a merger between Anshan Iron & Steel (Angang) and Benxi Iron & Steel (Bengang), according to a notice released by the latter's listed arm, Bengang Plate, on Thursday August 19.

The owner of Bengang - Liaoning's State-owned Assets Supervision & Administration Commission - will transfer a 51% controlling stake in the steelmaker to Angang.

The merger will form the largest steelmaking group in northeastern China, based on the...

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