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China plans to create world’s second-largest steelmaker

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Beijing (Caixin) – China’s plan to create the world’s second-largest steelmaker faces an uphill battle because of its sheer complexity. Yet the government is determined to force steel capacity reductions through additional consolidation, according to several individuals with knowledge of the matter. The proposed merger of China’s second-largest and most profitable steelmaker, Shanghai-based Baosteel Group, […]
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