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23 Apr
05:05

Hebei replaces steel production capacity by restructuring companies

Hebei is continuing to adjust its steel sector through mergers and relocations. Two more projects for which details have been released will build new steelworks with a combined 5.45 million tonnes/year of crude steel capacity, Kallanish notes. Tianzhu Iron & Steel and Tangshan Special Steel under the Tianjin Rongcheng Group plan to merge and transform into Tiancheng Heavy Industry. The new group will replace its production capacity with a new …
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