Baoshan Iron rises


SHANGHAI-LISTED Baoshan Iron and Steel Co surged 7.5 percent yesterday following a one-month trading halt after its parent company Baosteel merged with smaller debt-laden rival Wuhan Steel, creating China’s largest steelmaker Baowu Iron and Steel Group. Baoshan Iron rose to 7.31 yuan (US$1.06). “The merger bodes well for the outlook of both the newly established group and China’s steel industry,” said Wang Guoqing, research director at, a steel industry website. Wuhan Iron and Steel Co, previously Wuhan Steel’s listed unit, was delisted on February 14.

TypeInfo: consultation

Keywords for the information:

add:Nanjing city Jiangning District Science Park Corning Road No.788  Tel:025-52173366  Fax:025-52173266  Nanjing DBSTAR Electronic Technology Co., Ltd.   
message  苏ICP备16056290号