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FEATURE: Ansteel and Bengang to be one after 16 years?


China’s ferrous community seems to be in a booming period, as on top of the domestic steel price surges since late March, stocks of both Angang Steel Co and Bengang Steel Plates Co, the Shenzhen-listed arms of the top two steel mills in Northeast China, surged 5.3% and 10% on day on April 7.
The rallies were in response to the renewed hope that Anshan Iron & Steel Group (Ansteel) and Bengang Group (Bengang) may finally become one family after the initiative since 2005. Investors of holding onto these two steel stocks may finally be paid off their faith if the long-awaited merger finally materializes


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