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30 Apr
01:00

China to build Algerian steelworks

Algeria’s El Moumtaza and China’s Tangshan Xinhai Iron and Steel could build a new 800,000 tonne/year steelworks in the North African country according to initial agreements signed in Beijing this week. Xinhai’s small capacity and location in Tangshan city makes it a perfect fit for China’s “going out” policy for overcapacity industry. The company would likely require significant backing however to get such a large project off th…
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