本期内容：

Two Chinese state-owned companies are joining forces to create a giant steelmaker, second only in size to Luxembourg’s Arcelor Mittal. Under the terms of the deal, which is part of a government push to take capacity out of the fragmented steel industry, Baosteel will absorb the smaller, heavily indebted Wuhan.

词汇讲解：

State-owned: 国有
Steelmaker: 钢铁制造商
Terms: 条款
Capacity：产能
Fragmented：分散的
Indebted：负债的

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