Steel moves hot up in Guangdong
By Zhang Qi and Wang Ying | China Daily | Updated: 2010-01-26 08:03
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Steel products stored at the Shekou Port in Guangdong. Baosteel will take over Guanggang and Shaogang and launch a new company called Guangdong Iron and Steel Group Corp. Ji Guoqiang |
Steelmaker Baosteel is expected to make considerable progress in its takeover of Guangzhou Iron & Steel Group (Guanggang) and Guangdong Shaogang Group (Shaogang) in southeastern China's Guangdong province this year, according to local media reports.
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