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New Steel Company Born in China

New Steel Company Born in China

Wednesday, September 1, 2004
 
A partnership between Chinese steelmaker BaoSteel, Japanese steelmaker Nippon Steel and European powerhouse Arcelor has founded a new steelmaking company in Shanghai, China. The startup will produce high-grade steel sheets for automobiles, according to BigNewsNetwork.com. Full-scale production begins in June 2005, and should peak at 1.7 million tons.

 

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