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Chinese steel plants shut down due to power shortage
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57 steel furnaces and production lines were shut down from September 4 after local government restrict power in Hebei Province, China.
As much as 25 million tons of annual steel capacity will be affected, as Chinese government move to restrict production for less power efficient plants in attend to force the enterprises to upgrade to more power efficient lines.
The sudden cut in production has caused the increases in steel prices.
News Date
9/7/2010 12:00:00 AM
reported by
Cory Hsu
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