What is the reason why all aspects of business indicators have made great progress after the merger and acquisition of Bayi Steel?

The reason why Bayi Iron and Steel has made great progress in various business indicators after the merger is because of the scale advantage and industry integration.

1. Scale advantage: After the reorganization of Bayi Steel and Angang, a larger iron and steel enterprise group was formed, with obvious scale advantage. This makes the new group have stronger voice and bargaining power in the market competition, which is conducive to improving operational efficiency.

2. Industry integration: The new group has formed a more complete industrial chain and industrial cluster through industry integration after reorganization, which can better realize the sharing and optimal allocation of resources, reduce production costs and improve efficiency.