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China's crisis-hit steel mills look overseas

Producers eye assets in South-east Asia, Eastern Europe, Africa to shift output abroad
Tuesday, March 24, 2015 - 05:50
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Major Chinese steelmakers have urged the government to provide financial and policy support for the steel sector's expansion abroad.

Shanghai

LADEN with debt and struggling to make money as the world's No 2 economy loses momentum, China's steel mills do not appear obvious candidates for overseas expansion.

But the country's crisis-hit steel sector is calling for strong government backing for plans to ramp up