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20 Jun
11:55

Galex: Chinese steel reforms driven by debt

The need for China to avoid a debt crisis in the steel industry was the key driver in the country’s reform of the industry, with environmental issues playing a secondary role. This viewpoint was presented by Galex Steel International managing director Gorkem Bolaca at Kallanish Europe Steel Markets 2018 in Antwerp on Wednesday. In 2015, China’s top 86 steelmakers were almost universally recording significant losses and had accumulated debts…
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