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15 Feb
07:03

Hegang aims to expand overseas business

China's Hebei Iron & Steel Group (Hegang) aims to achieve CNY 150 billion ($ 21.83 billion) in annual overseas sales revenue by the end of 2020, or 30% of the group's 2020 total sales revenue target. China's supply-side reform and one-belt one-road policies are also helping major Chinese steelmakers develop overseas capacity, but Hegang is a step ahead of its rivals, Kallanish notes. Hegang chairman Yu Yong revealed the group's 2020 targ…
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