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18 Nov
00:00

Hegang targets the world

Hebei Iron and Steel’s (Hegang) takeover of Swiss trader Duferco, announced Tuesday, may be the first step towards becoming “the most important international steelmaker,” a senior Chinese steel industry figure who consulted on the takeover has told Kallanish. However, challenging big names in the international steel market will be an uphill struggle. Hegang has long been the largest steelmaker in China with 45.8 million tonnes of crude stee…
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