Wuhan Iron and Steel
On 21–22 September 2016, a merger between Baosteel Group and Wuhan Iron and Steel Corporation was announced. Wuhan Iron and Steel Company Limited would be takeover by the listed counterpart of Baosteel Group in an all-share deal, while all the rights of Wuhan Iron and Steel Corporation would be transferred to Baosteel Group, as both corporations were supervised by the same entity State-owned Assets Supervision and Administration Commission of the State Council.