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17 Aug
08:19

Hanggang earns CNY550 million in first-half profits

Hanggang Iron & Steel Group has turned around its steel business after shuttering its main plant in Hangzhou and acquiring the previously loss-making Ningbo Iron and Steel, according to a local securities analyst's report. THe company is also investing in scrap processing as it develops its environmental services business, Kallanish notes. Hanggang is currently focussing on developing its environmental business including waste water processing and c…
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