Jiangsu Shagang Group is weighing up an acquisition of Zhangjiagang Wanda Steel Plate, according to China Business News. Jiangsu Shagang, China’s largest private steel maker and the fifth largest steel producer in the country, does not produce galvanised sheet and cold rolled products, two areas where Wanda has a significant presence.

With an annual output capacity of 28m tonnes, Shagang has been on the acquisitive trail for some time. Earlier in 2009, for example, it announced that it would acquire Shanxi private mill Meijin Steel.