Baowu Steel

Major Asian steelmakers reported a decline in revenues in the third quarter

Baowu Steel and CSC expect steel demand to remain weak in Q4 2022

Baowu Steel is teaming up with a Singaporean consortium to develop the Simandu project

The Chinese company is already involved in the development of the southern part of the deposit

China Baowu Steel acquired 51% shares of major steelproducer XinSteel

The deal amounted to 4.26 billion yuan ($630 million)