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19 Jan
06:15

Hanggang estimates $106.5 million profit in 2016

Eastern China’s Hangzhou Iron & Steel (Hanggang) has published its 2016 annual performance estimate to the Shanghai Stock Exchange, turning losses into gains. Hanggang has closed down all its steel capacity in Hangzhou and transformed into a company running a steel-centred business covering recycling, environmental protection and online metals trading, as well as steelmaking, Kallanish notes. Hanggang is the biggest steelmaker in Zhejiang province with…
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