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Lorenz Consult ZT GmbH
Lorenz Consult ZT GmbH

Merger of Baoshan & Wuhan



12.12.2016

China’s State Council has given the green light to merge Baosteel and Wuhan Iron, two of the country’s largest steel mills, to create the world’s second-largest producer. According to the World Steel Association, the merger will create a steelmaker with the combined capacity to produce more than 70 million tons of alloy every year. To the detriment of the European and US-American steel mills, China produces with low world market prices half of the total global steel.


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