If Baosteel wants to occupy the market in Hebei, it must find a way from Handan Iron and Steel Co., Ltd. It just so happens that the establishment of Handan Iron and Steel Co., Ltd. gives Baosteel an excellent opportunity. Baosteel will provide 50% of the capital + technology for Handan Iron and Steel Company, and Handan Iron and Steel will provide money + land. Baosteel wants to use this platform to annex Hanbao Company, further annex Handan Iron and Steel, and occupy the market in Hebei. But things didn't work out. In order to resist Baosteel's market invasion, Hebei Province established Hebei Iron and Steel Group, which made Baosteel no longer think carefully. At this time, God also played a joke on Baosteel. The economic crisis in 2008 made Baosteel even more difficult in this situation. The decision to exit was made in the event of a annexation. In the end, Baosteel pulled back 50% of his capital, and the newly established Hebei Iron and Steel Group took over.

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