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15 Jan
08:20

China completes backward steel capacity elimination early: CISA

Yu Yong, chairman of Hegang Group, has reported that China had eliminated 150 million tonnes of backward steel capacity by the end of 2018, completing its goal five years ahead of schedule. He was speaking at the board meeting of the China Iron & Steel Association (CISA) held on 14 January. Yu Yong confirmed that the steel industry improved operations in 2018, but released an early warning of the risks that may be encountered in 20…
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