China’s second-largest steelmaker Anshan Iron & Steel Group, or Angang, is planning to acquire Lingyuan Iron & Steel Group, which will further consolidate the steel industry in northeastern China’s Liaoning province. The move, just 10 months after Angang absorbed Benxi Iron & Steel, will take Angang’s annual crude steel output from 55.65 million mt in 2021 to over 61 million…
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