As announced on August 8 by Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baotou Steel), its subsidiary Baotou Steel (Group) Mining Co. has increased its stake in Inner Mongolia-based company Wulate Zhongqi Fengda Trading Co. to 51 percent.
Wulate Zhongqi Fengda Trading is mainly focused on the coal import trade and on washing and dressing of coal in Inner Mongolia. It is also involved in importing and exporting iron ore, iron concentrate, steel, wood and building materials.