China is the world's biggest producer of steel, aluminum and cement. Overcapacity in a number of sectors has dragged down prices and profit margins for some enterprises amid China's economic slowdown.
A list of 45 Chinese steel enterprises that meet national iron and steel industrial standards was published Tuesday in the latest move to tackle excess production capacity that has plagued the sector.
China's steel industry was confronted with its greatest difficulties in decades last year, as the global economic slowdown curtailed demand, an industry association said Thursday
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