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Thematic (Sector/Industry)

China Metals and mining / Thematic (Sector/Industry)

Sinosteel Engineering & Technology (000928 CH)

<ul><li>Beijing-based Sinosteel Corp. was restructured and merged into China Baowu Steel Group Corp. Ltd.</li><li>Baowu Steel Group took Sinosteel into its stewardship in October 2020 as the SASAC-owned company ran into debt trouble.</li><li>Formed after the reorganization of the former Baosteel and Wuhan Iron and Steel in 2016, China Baowu has carried out <a href="https://www.caixinglobal.com/2021-07-15/baowu-solidifies-global-steelmaking-crown-with-major-acquisition-101740889.html" target="_blank" rel="noopener">a series of</a> strategic mergers and restructurings in recent years, becoming the world’s largest steelmaker.</li></ul>

Beijing-based Sinosteel Corp. was restructured and merged into China Baowu Steel Group Corp. Ltd.Baowu Steel Group took Sinosteel into its stewardship in October 2020 as the SASAC-owned company ran into debt trouble.Formed after the reorganization of the former Baosteel and Wuhan Iron and Steel in 2016, China Baowu has carried out a series of strategic mergers and restructurings in recent years, becoming the world’s largest steelmaker.

China Baowu Steel Officially Takes Over Sinosteel