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25 Jul
04:30

Fujian Xiangcheng targets steel cluster

During the first half of 2019, Xiangcheng district of Zhanzhou in Fujian Province saw steel sector earnings surge. Its steel industry created tax revenue of CNY 570 million ($82.94m), increasing by 35.3% year-on-year. Centred around Sangang Minguang and Sanbao Group, the government plans to expand a steel industry cluster in Xiangcheng, Kallanish notes. At the end of June, Zhangzhou Minguang, a wholly-owned subsidiary of Sangang Minguang, successful…
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