China's Benxi Steel says will not merge with rival Ansteel Group

China's Benxi Steel says will not merge with rival Ansteel Group

Water vapor and smoke rise from a Tonghua Iron & Steel Group Co. plant in the Erdaojiang district in Tonghua, Jilin province, China, on Wednesday, Jan. 6, 2016. Phoptographer: Qilai Shen/Bloomberg

China’s Benxi Steel Group will not merge with regional rival Ansteel Group, the chairman of Benxi Steel told Reuters on Wednesday, putting paid to long-running talk of a potential merger.

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