Further consolidation in China's steel sector is still expected as the country's 2005 national steel policy begins to take effect. The guidelines were put in place by the Chinese Government during the middle of last year to further regulate and restructure the nation's iron and steel sector as it experiences quite stunning - and unprecedented rates of growth. Among other things the new rules encourage the establishment of newly integrated 8 million tonne per year (minimum) steel mills to be established near deep water ports.
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