Handan to merge four Wu’an steelmakers but doubts remain
Aug 22, 2019 15:30
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Four privately-owned steel firms in Wu’an, a county-level city in Handan in North China’s Hebei province, are planning to merge into a single company, sources at the mills confirmed Wednesday.
Earlier this month, the four mills – Hebei Xinjin Iron & Steel Co (Xinjin), Wen’an Iron & Steel Co (Wen’an) and Hongrong Iron & Steel Co (Hongrong) and Wu’an Yongcheng Foundry Industry Co – registered a new company to manage a new greenfield integrated steelworks to be constructed at the