Private mills’ proportion of Chinese steel output tops 50%
Mar 13, 2013 | 08:54 AM
SHANGHAI Privately owned steel mills now account for just over half of Chinese steel production, which poses a challenge for any serious move toward industry consolidation.
Private mills produced about 362 million tonnes of crude steel last year, 50.5 percent of the countrys total output of approximately 716.54 million tonnes, Shen Wenrong, founder and president of Shagang Group, Chinas largest privately owned steelmaker, said at the opening ceremony for the Small and Medium-sized Metallurgy Enterprises Chamber of Commerce.....
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