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22 Dec
09:21

Sichuan steelmakers eye closer ties

The steel sector in China’s southwestern province of Sichuan took a significant hit this year as local demand collapsed. Now its four major steelmakers are discussing how to support each other in hard times and new alliances look set to be forged, Kallanish notes. Partly cut off from the rest of the Chinese market, Sichuanese steelmakers had previously enjoyed the benefits of less competition from other Chinese players. As the local real estate bubble coll…
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