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05 Jul
04:39

Five Chinese ports see steel capacity grow

Chinese steelmakers have been increasingly removed from urban areas in recent years for environmental reasons. This has combined with a move towards installing more coastal steel capacity which is cutting costs and boosting competitiveness, Kallanish notes. The Chinese steel industry is undergoing a steady shift from production sites near natural resources to locations near the coast. China has formed five major coastal steel bases, which contain over 100 m…
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