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10 Jan
09:12

North Korea targets steel output hike

North Korea aims to boost steel production as part of a drive to boost its domestic economy in the face of sanctions, reports suggest. With its own resources and a military-led construction boom, the country could see steel demand grow, Kallanish notes. The Chollima Steel Complex, which houses the country’s only functional crude steel capacity, produced 120,000 tonnes of steel in 2016 and hopes to produce 150,000t in 2017, vice chief engineer Kim Kil Nam t…
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