China Baowu Steel Group Corporation Limited (Baowu) formed in the merger of Baosteel and Wuhan Iron and Steel in 2015, is the largest integrated steel producer in China and the second largest production of rolled metal in the world after ArcelorMittal the results of 2018.
In 2019, the Chinese state metallurgical company Baowu produced 96 million tons of steel, while Luxembourg's ArcelorMittal, Indian billionaire Lakshmi Mittal in 2018 has made 92,5 million tons.
Chinese state company China metallurgical Steel Group Baowu Corporation Limited (Baowu) produced in 2018 67,43 million tonnes of steel. In 2019, she acquired Maanshan Steel capacity of 20 million tons a year, taking control of another 8.4 million a year in Chongqing Steel. It is expected that the process of acquisition of Chongqing Steel will be completed by June 2020.
According to the state Institute for metallurgical planning and research of China, in 2019 the volume of production of steel in China will grow by 6.5% to 988 million tonnes. Annual data on steel production in China in 2019 will be officially announced on January 17.
