China's Baowu Steel says it will consider other M&A opportunities

Beijing

CHINA'S top steel maker Baowu Steel Group Co, formed in a mega merger last year, will consider other merger and acquisition opportunities amid a government drive to consolidate the market and cut overcapacity.

"We will track and do research on M&A opportunities and actively participate in these opportunities as market player," president of Baowu Steel Ma Guoqiang said in an email reply to Reuters on Sunday.