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What is the meaning of Baowu logo?

The new LOGO of Baowu Iron and Steel Group is mainly red and blue, of which red and blue are derived from the main colors of Baosteel and Wuhan Iron and Steel brands respectively. The red and blue gradients form a whole symbolizing the integration of Baosteel and Wuhan Iron and Steel. It seems that two rings are actually one complete ring. After the merger of Baosteel and Wuhan Iron and Steel, the production capabilities and market demand of the two steel plants can effectively integrate the market competitiveness.