China’s leading steelmaker may expand production capacity 10% by taking over a smaller rival as the world’s biggest steel industry continues a government-driven consolidation push. Liaoning Province based Chinese steelmaker Lingyuan Iron & Steel Co has announced o that Liaoning Province based Anshan Iron & Steel Group (is planning to merge with Lingyuan Steel's controlling shareholder Lingyuan Steel Group. Lingyuan Steel stated that this reorganization may lead to the change of its controlling shareholder.Ansteel is the second largest steel producer in China and the third-largest in the world.Anshan Iron and Steel Group Corporation is a Chinese state owned steel maker under the supervision of state owned Assets Supervision and Administration Commission of the State Council. It is headquartered in Anshan in Liaoning Province. According to World Steel Association, the corporation was ranked the 7th in 2015 the world ranking by production volume.
China’s leading steelmaker may expand production capacity 10% by taking over a smaller rival as the world’s biggest steel industry continues a government-driven consolidation push. Liaoning Province based Chinese steelmaker Lingyuan Iron & Steel Co has announced o that Liaoning Province based Anshan Iron & Steel Group (is planning to merge with Lingyuan Steel's controlling shareholder Lingyuan Steel Group. Lingyuan Steel stated that this reorganization may lead to the change of its controlling shareholder.Ansteel is the second largest steel producer in China and the third-largest in the world.Anshan Iron and Steel Group Corporation is a Chinese state owned steel maker under the supervision of state owned Assets Supervision and Administration Commission of the State Council. It is headquartered in Anshan in Liaoning Province. According to World Steel Association, the corporation was ranked the 7th in 2015 the world ranking by production volume.
