China eyes high-quality development for steel sector by 2025, to encourage M&As by leading mills to build world-class conglomerates

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China has issued a guideline to encourage its leading steelmakers to carry out mergers and acquisitions, boost industry concentration and raise endogenous power, in order to build world-class conglomerates.

Steel mills are encouraged to carry out M&As across regions to changed the current pattern of "small, scattered and disorderly" in steel industry, according to a guideline on promoting the high-quality development of the steel industry, the Ministry of Industry and Information . . .

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