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China steel mills start taking the high road

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Steel mills in China are facing hard times as the domestic economy slows down, competition increases, and there is widespread disgust and impatience with the smog pouring out of their stacks.

THESE are not the best of times to be one of China's massive, state-owned steel mills. The domestic economy is slowing, competition is increasing, and there is widespread disgust and impatience with the smog pouring out of their stacks. In short, their lucrative business model for the past three

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