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02 Nov
11:35

China’s five year plan could hurt domestic steelmakers

China’s Communist Party convention last week discussed and approved details of the country’s thirteenth five-year plan covering 2016-2020. Although the details are only likely to be released early next year after approval by the legislature, the domestic steel industry is likely to see increasing costs, Kallanish notes. Reports led by the Chinese steel industry itself have concentrated on a policy of increasing industrial efficiency. For th…
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