China Eyes Steel Merger to Create Rival to ArcelorMittal

  • Baosteel, Wuhan Steel combined would be China’s biggest
  • Nation aims to reduce overcapacity, improve efficiency

ArcelorMittal steel mill complex in Cleveland, Ohio.

Photographer: Luke Sharrett/Bloomberg

China’s second- and sixth-largest steelmakers by output have entered restructuring talks, which analysts say could presage a merger that would create the nation’s biggest mill, and a company with the scale to rival the likes of ArcelorMittal SA.

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