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Steel price hikes impact 500 listed companies
www.chinanews.cn 2005-03-04 13:43:17
Shanghai Baosteel announced that it has accepted the 71.5% rise in
international iron ore prices. Many large steel-producers in China have
had to increase their prices in the past. The sharp price increase will
impact more than 500 listed companies in seven downstream sectors.
Statistics from China Iron & Steel Association (CISA) show that in recent
years the construction, machinery, automotive, container, shipbuilding,
railway and petrochemical industries will remain top steel consumers. All
but the railways will be affected.
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