Shagang Group, China’s largest non-governmental steelmaker, is considering a plan to buy assets in Zhangjiagang Wanda Sheet Co., Ltd, a move that will allow the former to extend its industry chain and produce more than 30 million tons of steel in 2010. Wanda Sheet, a subsidiary of Panhua Group that boasts of a well-established production structure consisting of pickling, cold rolled, galvanizing (annealing), and color coating, is also a non-governmental producer in Jiangsu with a galvanized sheet capacity of 500,000 tons and a cold rolled capacity of more than one million tons per year. Detailed information remained unknown as Shagang is carrying out a due diligence on the proposed acquisition. It produced 20.56 million tons of steel products in 2008