A worker manipulates coils of steel at Xiwang Special Steel in Zouping County in eastern China's Shandong province in May 2018. Photo: Associated Press A worker manipulates coils of steel at Xiwang Special Steel in Zouping County in eastern China's Shandong province in May 2018. Photo: Associated Press
A worker manipulates coils of steel at Xiwang Special Steel in Zouping County in eastern China's Shandong province in May 2018. Photo: Associated Press

China economy

Business /  Companies

Beijing betting bigger is better as it pushes consolidation of state-owned steel plants

  • Beijing wants top 10 steel producers to have 60 per cent of overall capacity by 2020
  • Beijing encouraging mergers and acquisitions of steel companies

Topic |   China economy
Daniel Ren
Daniel Ren

Updated: 10:35pm, 17 Nov, 2019

Why you can trust SCMP
A worker manipulates coils of steel at Xiwang Special Steel in Zouping County in eastern China's Shandong province in May 2018. Photo: Associated Press A worker manipulates coils of steel at Xiwang Special Steel in Zouping County in eastern China's Shandong province in May 2018. Photo: Associated Press
A worker manipulates coils of steel at Xiwang Special Steel in Zouping County in eastern China's Shandong province in May 2018. Photo: Associated Press
READ FULL ARTICLE