|
BIZCHINA> Top Biz News
![]() |
|
Related
Steel makers reshuffle to overcome financial crisis
By Jiang Wei (chinadaily.com.cn)
Updated: 2008-12-22 14:14 Dozens of private-owned steel makers in China's major steel producing city Tangshan, Hebei province, are restructuring in order to overcome the recession in the steel market. On Dec 19, 27 steel makers and miners in Tangshan established Tangshan Great Wall Steel while another 12 formed Tangshan Bohai Steel, the biggest restructuring in China's private steel industry. China's steel industry has been one of the worst affected by the international financial crisis as demand has declined sharply. After the restructuring, Bohai Steel will have a production capacity of 15 million tons per year and Great Wall Steel a capacity of 13 million tons per year, with their combined output accounting for about half of the total capacity of Tangshan and roughly equaling the production capacity of China's biggest steel maker Baosteel. (For more biz stories, please visit Industries)
|
临桂县| 文山县| 西丰县| 金华市| 汝州市| 安阳市| 依安县| 阜平县| 华坪县| 神农架林区| 宾川县| 济源市| 抚远县| 华池县| 巴东县| 张北县| 壤塘县| 和龙市| 锦屏县| 海门市| 永靖县| 政和县| 乌鲁木齐市| 广元市| 海盐县| 富民县| 永安市| 申扎县| 孙吴县| 东兴市| 曲沃县| 西平县| 福贡县| 盘山县| 株洲县| 深水埗区| 疏勒县| 太仓市| 乐都县| 梨树县| 南川市|