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
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