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China shipyards, mills ink deals for stable steel supply


China’s shipbuilding and steel industries have been promoting cooperation recently in order to better defend themselves against surging steel prices and unstable steel supply, according to a report on China’s state media CCTV on October 13.
Late last month, the China Iron & Steel Association and China Association of the National Shipbuilding Industry inked a cooperation memorandum relating to steel supply and demand to deepen mutual understanding, the report noted. Under the pact, 13 leading shipbuilders signed long-term purchase contracts with 15 steelmakers, while at the


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