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China's steel firms lost 53.1b yuan from January to November last year

Tuesday, January 19, 2016 - 05:50

Beijing

CHINA'S major steel firms lost 53.1 billion yuan (S$11.6 billion) from January to November last year, as prices fell because of overcapacity and slumping demand, the China Iron and Steel Association (CISA) said on Monday.

China's steel sector, responsible for around half of

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