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    Giant steel firm grapples with toughest times in five years

    By Kang Bing and Chen Jia in Shijiazhuang | China Daily | Updated: 2013-07-20 07:23

    Giant steel firm grapples with toughest times in five years

    Quality inspectors register the serial numbers of cold rolled steel sheets at a Tangshan workshop of Hebei Iron & Steel Group Co Ltd in November last year. Hebei Iron & Steel plans to double annual revenue by the end of 2015 without adding any production capacity. Provided to China Daily

    China's largest iron and steel group is determined to cut output and upgrade production as it copes with the toughest market conditions since 2008, said Kong Ping, the vice-president of Hebei Iron & Steel Group Co Ltd.

    Giant steel firm grapples with toughest times in five years

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