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10 Jan
05:42

Shanxi creates multi-million dollar steel industrial fund

China’s Shanxi State-owned Capital Investment Operation and several private steelmakers established a CNY 5 billion ($767 million) steel industry fund on 9 January, according to China News. The Shanxi Steel Industry Fund aims to improve the local steel industry concentration ratio, and boost acquisitions, mergers and industrial upgrades, Kallanish notes. Shanxi State-owned Capital Investment Operation, Beijing Jianlong Heavy Industries, Shaanxi Blower grou…
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