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.