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Deputy Miti minister: Local iron and steel industry affected by China's construction sector

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KUALA LUMPUR, April 3 ― The local iron and steel industry is facing major challenges resulting from the lack of activities in China’s construction sector, Deputy Investment,...

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To address this challenge, the government implemented two important decisions, one of which is a two-year moratorium to allow for reassessments to address the challenges faced by the local iron and steel industry, he said. “This moratorium gives respite for local industry players to coordinate and rebuild to face future challenges, including global overcapacity and carbon emissions.

 

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