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10 Mar
04:01

Chinese steelmakers prepare for further consolidation

China's state-owned and private sector companies are gearing up to promote steel industry consolidation in the coming years. China aims to increase the share of output of its top ten steelmakers from 35% to 60% over 2016-2020, Kallanish notes. Xiao Yaqing, director of the State-owned Assets Supervision and Administration Commission (SASAC), said at a press conference on 9 March that in 2017 consolidation in the steel, coal, thermal power and heavy …
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