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January 27, 2014
08:02 EDTCHOPChina Gerui says China's steel restructuring policy is beneficial
CEO Mingwang Lu said, ""The planned restructuring of the steel industry places China Gerui in a beneficial position by regaining a much needed supply-demand equilibrium in the sector which would stabilize pricing over the long-run. We believe that as a high-end niche cold-rolled specialty steel producer, we will have the opportunity to enter new markets with improved raw material availability and cost structure which will ultimately result in improved gross margins over time."
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