Beijing-based Shougang Group has purchased 90 percent of Shanxi Changzhi Iron Steel for 500 million yuan, the Beijing Business Today reported August 11....

"We will sign the deal with Jilin provincial government before the end of the month," Shougang spokesman Zhang Wenzhe said on Wednesday. No financial details were immediately available.Earlier reports suggested that Shougang, China's eighth largest steel mill, had reached an agreement with the State...

"Taiyuan Steel and Zhongyu discussed merger details two weeks ago, led by Shanxi Province's Economic and Information Committee," said the source."Taiyuan Steel wants to conclude the deal in two months to allow time (to begin) operations before the peak season starts in October."The deal will be the ...

Region is fragmented with over 200 steel mills, 18 of which produce less than 2m tonsBEIJING - Steel industry restructuring in Shanxi province may kick off this summer, with State-owned Taiyuan Iron and Steel Group and Shougang Group leading the province's 60 million tons of capacity consolidation.S...

Modernized network to save energy, increase reliability and reduce costs BEIJING: Large-scale construction of China's modernized electricity network or smart grid is slated to begin in 2011, according to the nation's power grid operator. The timeline for the comprehensive system - designed to increa...