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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.

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

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This report includes 4 images and tables including:

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

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  • Top 10 Chinese steel companies in 2015

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