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27 Jun
09:19

Fushun Special Steel targets 2018 return to profit

Fushun Special Steel plans to restore production to normal levels and reduce operating costs to to reverse its continuous losses since 2016. It was previously part of the bankrupt Dongbei Special Steel Group and is now controlled by eastern China's Shagang Group. The company is trying to shake off the impact of its bankruptcy and a massive misreporting of its assets, Kallanish notes. Fushun Special Steel produced 139,700 tonnes of special stee…
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