Breaking News: Baosteel announced the merger of Wuhan Steel!!!
- source：JUNNAN
- author：JUNNAN
- date： 2016-09-23
With the formal announcement of the merger of Baosteel WISCO, means "China's first steel" is about to birth. September 20, Baoshan Iron and Steel and Wuhan Iron and Steel shares both announced that Baosteel plans to issue shares of Wuhan Iron and Steel shares of shareholders, mergers and acquisitions Wuhan Iron and Steel shares convertible. This also means that Wuhan Iron and Steel shares of this listed company will withdraw from the history of the future stage. It is reported that Wuhan Iron and Steel shares in August 1999 listing, has been 17 years.
Prior to the media reported that the merger of the two major steel companies tentatively renamed the "China Bao Wu Iron and Steel Group Co., Ltd." (referred to as Bao Wu Steel). According to "World Steel Statistics 2016" shows that in 2015 Baosteel production of crude steel 34.938 million tons, ranking the world's top ten steel prices fifth; Wuhan Iron and Steel production of 25.776 million tons of crude steel, ranked the world's top ten steel prices 6 . Baosteel Wuhan Iron and Steel after the merger will be more than Hebei Iron and Steel, with more than 60 million tons of crude steel production, ranking first in China, the world's second only to Arcelor Mittal's 97.13 million tons.
