China merger to create world's second largest steel firm

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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fahrenheit451

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China merger to create world's second largest steel firm

posted on Sep 20, 2016 09:02AM

Two of China's largest steel companies have announced plans for a merger, creating the world's second largest steelmaker, as the industry struggles with global overproduction.

Under the deal, Baosteel is to take over its smaller competitor Wuhan Iron and Steel.

Both companies are majority-owned by the state.

http://www.bbc.com/news/business-37415771

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