BEIJING : China's biggest listed steel producer Baoshan Iron & Steel Co Ltd (Baosteel) on Monday said it expects cost pressure to ease with the implementation of government-mandated steel production cuts.'The company has always stuck to a low-inventory strategy. As the country is carrying out policies to
BEIJING : China's biggest listed steel producer Baoshan Iron & Steel Co Ltd on Monday said it expects cost pressure to ease with the implementation of government-mandated steel production cuts.
However, the price of the steelmaking ingredient has fallen 20.8per cent in the last two months as the government stepped up steel production controls to reduce carbon emissions from the ferrous metals sector.
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