News Snapshot:
The Daily Reformer is America's Leading Source of Alternative News. Read, Enjoy and Share! August 20, 2021 By Tom Daly (Reuters) – Chinese steelmakers Ansteel Group and Ben Gang formally began the process of merging their operations on Friday, the official Xinhua news agency reported, in a move that will create the world’s third-largest producer of the metal. State-owned Ansteel is taking a 51% stake in smaller rival Ben Gang from the regional state assets regulator, with no money changing hands in a government-backed restructuring that is part of a drive to consolidate production in China’s bloated steel sector. The...
