China Steel Investment Still High, Association’s Zhang Says

Investment in China’s steel industry remains high even as companies are struggling to make profits, said Zhang Changfu, vice chairman and secretary general of the China Iron and Steel Association. Investment in the industry from non-state-owned companies was twice that from state companies in the January to October period of this year, Zhang said at a Mysteel.com conference today in Shanghai.

— With assistance by Mohammed Hadi, and Helen Yuan

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