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Chinese steel giant Baowu to conduct feasibility study on making investment in Hambanthota

Ambassador of Sri Lanka to China, Dr.Palitha Kohona visited the Baowu Steel conglomerate offices in Ma’anshan, Anhui and met with senior management to discuss investment potential in Sri Lanka.

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Baowu Steel will prepare a feasibility study on making a substantial investment in Hambanthota, Sri Lanka.

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China Baowu Steel Group Corp., Ltd., commonly known as Baowu, is a state-owned iron and steel company headquartered in the Baosteel Tower in Pudong, Shanghai, China.

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The company was formed by Baosteel Group absorbing its smaller state-owned peer, Wuhan Iron and Steel Corporation in 2016.

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