China aims for its 10 largest steel mills to control about 60% of total steel capacity by 2015 as part of wide-scale plans to restructure its industries, Reuters reported. Large state firms will be encouraged to acquire smaller competitors in industrial sectors including automobile and machinery manufacturing, as well as in agriculture, metals and cement, the Ministry of Industry and Information Technology said on Tuesday. It also aims for 90% of both automobile and aluminum production to be under the control of its top 10 firms by the end of 2015. The government is also looking to reduce the number of firms involved in exploration, smelting and separation of rare earths over the next three years. China’s top ten steel firms currently own about 50% of its total steel capacity. The country is the the world’s largest producer of steel.