China says top 10 steel mills to control 60pc of capacity by 2015

China, the world’s largest steel producer, aims to bring around 60 per cent of total steel capacity under the control of its top 10 steel mills by 2015 as part of a wide-ranging plan to restructure its industries.

The Ministry of Industry and Information Technology (MIIT) announced on Tuesday it would encourage big state firms to acquire smaller rivals in a variety of industrial sectors, including automobile and machinery manufacturing as well as agriculture, metals and cement.

via Business feed http://www.scmp.com/business/economy/article/1133758/china-says-top-10-steel-mills-control-60pc-capacity-2015