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News & Press: Industry News

China to close more steel capacity, though still small fraction

Friday, May 9, 2014  
Posted by: Ben Gonzalez
China has raised its target to close outdated steel smelting capacity to 28.7 million tons in 2014, the industry ministry said on Thursday, as it tries to rein in inefficient and polluting industries.

http://www.reuters.com/article/2014/05/08/us-china-steel-closures-idUSBREA4706D20140508

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