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Month: December 2022

sinosteel

Chinese Baowu Group Acquires Sinosteel

The State Assets Supervision and Administration Commission of China (SASAC) has authorized the Baowu Steel Group to acquire state-owned company Sinosteel. Starting in October 2020, Baowu Steel has already been operating in the state-owned Sinosteel. In fact, Baowu Steel was already exercising external management over Sinosteel, which then faced serious…
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Japanese Nippon Steel To Produce Recycled Steel

The leading Japanese steel company Nippon Steel is going to produce recycled steel using hydrogen metallurgy technologies to expand production of so called “green” steel. The company’s president Eiji Hashimoto said Nippon Steel will not only buy raw materials as before, but will also get involved in their preparation so…
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