BLOG: CISA’s 21 posts applauding Ansteel-Bengang merger

Source: Mysteel Aug 26, 2021 14:45

I have not seen so many congratulatory messages and comments about a marriage between two Chinese steel mills since 2004 - the year I started the ferrous market news coverage - until August 20 when a formal announcement was released regarding Ansteel Iron & Steel Group (Ansteel)’s formal takeover of Bengang Group (Bengang), both in Northeast China’s Liaoning province and being state-owned though the former ultimately owned by the central government and the latter belonging to the provincial authority.

Over August 21-25, the China Iron & Steel Association (CISA) flooded the upper right corner of its home page - a space reserved for “top news” - with 21 copies applauding the final merger of Ansteel-Bengang quoting CISA officials, analysts, officials from private and state-owned steel mills, and World