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Hebei Xinwuan Group Wen’an Steel, a subsidiary of Hebei Puyang, is seeking approval from local authorities for its capacity replacement and upgrade project. A plan issued last November had been expected to see construction start in December 2021, Kallanish observes. By investing more than CNY 6.97 billion ($1.03 billion), the company intends to build a 280-square-metre sintering machine with 2.8 million tonnes/year capacity. It will also build…
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