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Uncertainty remains about Shagang's control of Angang

ABSTRACT

Anyang Iron & Steel Group (Angang), a major state-owned steelmaker in Central China's Henan, is proceeding with its 'mixed-ownership reform', but whether Shagang Group (Shagang) China's largest privately-owned steel producer will play a role and eventually take control is unclear, according to a November 24 post by Angang's listed arm.
Shagang, headquartered in East China's Jiangsu, had expressed its intention to take a controlling stake in Angang back in May as part of China's ongoing drive nationwide to lift steel-industry concentration, as Mysteel Global reported.   "There remain uncertainties regarding whether Shagang will eventually participate in (the mixed-ownership reform) and become a

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