Dry CargoGreater China

Chinese merger creates world’s third largest steel mill

Anshan Iron & Steel Group Corporation (Ansteel) is merging with Benxi Iron & Steel (Group) to create the world’s third largest steel mill .

The companies’ aggregate steel output, which reached 55m tons in 2020, will put the combined operation behind market leaders China’s Baowu group and ArcelorMittal, but ahead of Hebei Iron and Steel and the Shangang Group, according to data from Alphabulk.

Both mills are based in northeast China and are state-owned.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button