Photographer: Tomohiro Ohsumi/Bloomberg

China Said to Mull Mergers to Create Two State Steel Giants

  • Mergers will help speed up elimination of excess capacity: Lau
  • Shares of listed units of Hebei, Shougang advance in Shenzhen

China is considering a sweeping overhaul of its steel industry that would consolidate major producers into two giants, with one located in the north and another in the south, according to people familiar with the plan.

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