A long-awaited regulation on steelmakers’ merger and acquisition is expected to be unveiled soon by the Ministry of Industry and Information Technology in a bid to further encourage consolidation among steelmakers from across the country. China will try to shape up several super large steel producers with a capacity of more than 50 million tons each such as Baosteel, Anben Group and Wisco by 2011, according to the adjustment and revitalization program on the steel industry. Data shows there are more than 500 crude steel producers in China with the top five mills accounting for just 28.5 percent of the country’s total steel output, well below the 60 to 70 percent of market shares dominated by the top four producers in the advances nations such as the United States, the EU and Japan.