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SHANGHAI, Jul. 29 (SMM) – China’s Ministry of Industry & Information Technology (MIIT) has released its 2014 list of outdated production facilities across 15 industries targeted for retirement.
In accordance with the list, 44 iron and 30 steel works, totaling 48.004 million tonnes in annual capacity, are slated for retirement this year. The 2014’s targets for iron production capacity to be closed are nearly 2 times the total of the past two years.
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