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26 Jul
12:25

Floods damage Yaxin Steel in Henan

The entire factory of Henan Yaxin Steel in Tangyin County in Anyang city, Henan province, has been covered by heavy water following record rainfall, including ironmaking, steelmaking, steel rolling and other mills. The company initially estimates that both direct and indirect losses will exceed CNY 100 million ($15.4m), Kallanish notes. The exact loss is expected to rise and is subject to final assessment. Drainage is still being carried out amid a complete s…
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