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12 Apr
07:25

China's private steelmakers outperform state-owned companies

China’s private steelmakers made more profit than state-owned companies with a larger share of 56% of crude steel production in 2015, says Zhang Weixiang, executive vice president of the All United Metallurgical Industry Association. Private companies have increased share however with the help of key large low-cost and high-value private steelmakers, Kallanish notes. Private steelmakers reduced crude steel production by -0.16% year-on-year to 450.24 millio…
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