Two Chinese steel groups have taken the first step in a long-awaited takeover to create the world’s second-largest steelmaker — a move that Beijing hopes will spark a wave of consolidation and improve efficiency in the bloated industry.
兩家中國鋼鐵集團向著各方期待已久的合并邁出第一步，將締造全球第二大鋼鐵制造商，中國政府希望此舉將引發并購浪潮，并提高這個臃腫行業的效率。
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