No New Harsh Policies Likely for China’s Steel Industry

BEIJING, June 22 Asia Pulse No new harsh macro control policies, particularly those targeting at the iron and steel industry, are likely to come out in the foreseeable future, as the harsh policies implemented since the spring of last year have already begun to hurt the steel industry and may even threaten normal operation of the national economy.

the number of iron and steel enterprises in the red has risen quickly and the industrys profits have plunged

I thought the measures were originally taken because the steel industry was threatening the normal operation of the national economy. …

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