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23 Oct
01:00

Chinas private steelmakers gain share despite lower margins

China’s privately-owned steelmakers accounted for 53% of China’s crude steel production over January-August, producing 291.8 million tonnes, according to the China Chamber of Commerce for Metallurgical Enterprises, an association of private steel firms. The chamber warns, however, that privately-owned firms were still producing lower quality steel and held significant hidden debts, Kallanish notes. Honorary president of the chamber, Zhao Xizi, sa…
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