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19 Nov
08:56

Anyang elects new chairman to oversee restructuring

Central China’s Anyang Iron and Steel has elected Li Tao as its new chairman, the company reports. Li is expected to push forward the company’s refocussing on value-added flats and the commissioning of new steelmaking capacity, unless the weak market interferes with those plans, Kallanish notes. The addition of a new 4,747 cubic metre, 3.8 million tonnes/year blast furnace was approved by the national Development and Reform Commission (NDRC) in Septe…
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