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Baosteel and WISCO merger creates world's second-largest steelmaker

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Report summary

Baosteel Group and Wuhan Iron and Steel (Group) Corp (WISCO) will merge to become the world's No. 2 steelmaker, part of China's efforts to stem losses in a steel industry blighted by overcapacity.The merger is practical as both are central state-owned enterprises and their consolidation should achieve cost savings and efficiency gains. The merger could signal a new wave of industry consolidation, and fuel optimism about an end to issues such as overcapacity in China's steel industry.

What's included

This report contains

  • Document

    Baosteel and WISCO merger creates world's second-largest steelmaker

    PDF 861.22 KB

Table of contents

  • Executive summary
    • Increased market share
    • Greater bargaining power
    • Reduced costs
    • Optimised product offerings and production bases
  • The challenges

Tables and charts

This report includes 4 images and tables including:

Images

  • Production share of top 10 producers
  • Baoshan and Wuhan steel plants' position on the global cost curve
  • Map: Baosteel and WISCO's steelmaking operations

Tables

  • Top 10 Chinese steel companies in 2015

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