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China steel maker Delong says it's hit by production halt; expects fall in revenue

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Published Tue, Dec 5, 2017 · 09:50 PM

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Singapore

DELONG Holdings, a Chinese steel manufacturer, on Tuesday said it expects a fall in the group's revenue on a shutdown of two blast furnaces at its indirect wholly owned subsidiary.

It said revenue will be reduced by about 696 million yuan (S$141 million) and 1.49 billion yuan in fiscal 2017 and fiscal 2018 respectively, due to the fall in production at its unit, Delong Steel.

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