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08 Jul
09:48

Chinese steelmakers eye cost control amid market weakness

Chinese steel companies are issuing signals to deal with the industry crisis, with many large steelmakers beginning to announce cost reduction plans to ensure continuation of operations.  He Wenbo, secretary of the Party Committee of the China Iron & Steel Association, says the main problem in the current weak market lies on the steel demand side, but the realistic solution lies on the supply side, Kallanish learns. At a recent internal meeting Anya…
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