CX Daily: China Forges Steel Colossus. But Will the Pieces Stick Together?
CX Daily: China Forges Steel Colossus. But Will the Pieces Stick Together? Steel / One day late last December, leading Chinese steelmaker Baowu marked a major milestone when its Chairman Chen Derong performed the company’s first “distance smelting” with the tap of a key on his tablet computer. With that motion, an emotional Chen proclaimed that the 93-year-old company had officially passed the 100 million-tons mark for annual production capacity, capping four years of breakneck merger-fueled growth that has created the world’s largest steelmaker. The milestone vaulted China Baowu Ste...
Source: caixinglobal.com