BEIJING -- The world's largest steelmaker officially became bigger Wednesday after Chinese authorities approved China Baowu Steel Group's takeover of compatriot Sinosteel Group.
Business deals
China's Baowu Steel absorbs Sinosteel in state-backed deal
World's biggest steelmaker acquires mining assets as part of purchase
Baowu Steel employees work at a hot rolling plant in Shanghai. The Chinese group is the world's largest producer of crude steel. © Reuters
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