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6 Pages

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


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

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 includes 1 file(s)

  • Baosteel and WISCO merger creates world's second-largest steelmaker PDF - 861.22 KB 6 Pages, 1 Tables, 3 Figures

Description

This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

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

In this report there are 4 tables or charts, including:

  • Executive summary
  • The merger
    • Production share of top 10 producers
    • Top 10 Chinese steel companies in 2015
    • Baoshan and Wuhan steel plants' position on the global cost curve
    • Map: Baosteel and WISCO's steelmaking operations
  • The challenges
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