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[Ferro-Alloys.com] The steel subsidiary should combine its own reform and development with the integrated development of the Yangtze River Delta and strive to develop itself amid the process, Xi said on Aug 19 during his inspection tour in East China's Anhui province.
The nation's largest steelmaker China Baowu Steel Group announced on Friday that it will acquire a 51 percent stake in Taiyuan Iron & Steel (Group) Co Ltd (TISCO) as part of its efforts to become a global steel leader with an annual output of 100 million tons.
China Baowu was formed in December 2016 following the merger of Shanghai-based Baosteel Group and Wuhan Iron & Steel Group in Central China's Hubei province. It is the nation's most competitive steel maker with production of 95.46 million tons in 2019.
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