China stainless steel mogul fights to avoid a second collapse
A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry.
Rio Tinto CEO Tom Albanese told reporters in Beijing that the company is optimistic about China’s long-term steel production, predicting that Chinese steel output will increase by 40% to reach 1 billion metric tons by 2030.
Source (Chinese): Caijing
