It is reported that rumor lately spreads over the staff of Tonghua Steel that Angang Group and Shougang Group will regroup Tonghua Steel, of cause, it’s just an unproved rumor at preset.

A senior official and a middle level one from Shougang noted they had no idea of the rumor.

According to a local government official, Jilin Province once thought about the possibility of Angang regrouping Tonghua Steel. But, it’s said that it’s hard to divide the taxation between a state owned mill and a local one.

(Sourced from MySteel.net)
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