China's Baosteel, Wuhan Steel announce plan to restructure

摘要

China's Baosteel Group and Wuhan Iron and Steel Group, two of the country's largest steelmakers, are together planning to restructure, their listed units said in separate stock exchange filings on Sunday. Baosteel Group is China's second-largest steelmaker, and Wuhan Iron and Steel Group is the country's sixth-largest in terms of 2015 output.