well you know in the 60's the poms merged austin and triumph and...

well you know in the 60's the poms merged austin and triumph and jaguar and it didnt really do much good for any of them.

Hebei steel has a lot of handicaps. Multiple competing plants. Old equipment. Poor location in relation to ports and consumers. Reliance on local coal sources which are problematical. Locations in backward areas still riven with commie ideology and inefficiency. They were merged because they weren't doing well.

Just my opinion but I have actually been to three of their sites which is more than most analysts can claim.