Insight

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

Get this report

$1,050

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

14 July 2016

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.

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:

  • 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

What's included

This report contains:

  • Document

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

    PDF 861.22 KB

Other reports you may be interested in

Browse reports by Industry Sector