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25 Apr

Handan develops preferential financing policy for steel restructuring

China’s Handan local government plans to merge 39 local steel companies into 8-10 medium and large size steel groups, according to Hebei News. The government has cooperated with local banks to develop a preferential loan issuing policy for competitive local steel companies, to support local steel industry restructuring and overseas capacity investment, Kallanish notes. Public information shows that by the end of 2017 the Handan steel sector was r…
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