Baogang pushes on with steel expansion

Steel giant Baogang Group is planning to integrate its overseas operations and expand its market share through the Belt and Road Initiative.

The State-owned iron and steel company will set up an international division from its Baotou headquarters in the Inner Mongolia autonomous region.

This is all part of a push by the group to seek overseas financing as it brings together its offices in the United States, Singapore, Japan and Hong Kong.