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China Focus: Two Chinese steelmakers announce merger, become world's 3rd largest
China's two major steelmakers, Ansteel and Ben Gang Group Corporation, inked a deal on Friday to kick off their merger and restructuring that will create the world's third-largest steelmaker.
Ansteel achieves cross-border settlement of iron ore in RMB
Angang Group International Trade Corporation Ltd., a unit of China's steel giant, Ansteel Group, has recently concluded the cross-border settlement of imported iron ore in RMB.
Ansteel to buy out Chaoyang Steel at RMB5.9 bln
Angang Steel Company Limited (000898.SZ) said on Wednesday it planned to purchase a 100-percent stake in Chaoyang steel held by its controlling shareholder, Ansteel Group at 5.9 billion yuan.
Ansteel applies AI technology in domestic steel industry
Ansteel Group’s Panzhihua Iron & Steel (Group) Co. and Alibaba Cloud jointly launched the “Steel Brain” project at Xichang Steel Vanadium unit, marking the official landing of artificial intelligence (AI) technology in China's steel industry.
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