Foot dragging slows Shanxi province steel consolidation
By Zhang Qi | China Daily | Updated: 2010-05-27 07:56
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A worker stokes a steel furnace in a Shougang Group plant in Beijing. Shougang paid 500 million yuan for a 90 percent stake in Changzhi Iron & Steel in Shanxi province last year. Cui Hao / for China Daily |
Region is fragmented with over 200 steel mills, 18 of which produce less than 2m tons
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