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China steelmakers show overcapacity strain as U.S. battens import hatches

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China steelmakers show overcapacity strain as U.S. battens import hatches


HONG KONG -- Chinese steelmakers are being weighed down by overcapacity and are seeking an escape by expanding exports, earnings reports show, just as U.S. President Joe Biden pushes for higher tariffs on their products. Angang Steel slipped to a net loss of 3.25 billion yuan ($450 million) last…

#hongkong #angangsteel #ansteelgroup

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