Giant steel firm grapples with toughest times in five years
By Kang Bing and Chen Jia in Shijiazhuang | China Daily | Updated: 2013-07-20 07:23
|
Quality inspectors register the serial numbers of cold rolled steel sheets at a Tangshan workshop of Hebei Iron & Steel Group Co Ltd in November last year. Hebei Iron & Steel plans to double annual revenue by the end of 2015 without adding any production capacity. Provided to China Daily |
China's largest iron and steel group is determined to cut output and upgrade production as it copes with the toughest market conditions since 2008, said Kong Ping, the vice-president of Hebei Iron & Steel Group Co Ltd.
Photo
