Chinese steel mills need huge upgrades – General Electric
General Electric sees “tremendous upgrade opportunities” in China’s steel industry, the world’s largest, as more mills are revamping their facility to become more efficient and environmentally friendly.
The US giant expects Chinese mills, facing tighter environmental rules as they become global players, to require energy-efficient technologies and solutions on a big scale, although GE is unable to quantify the market size now, said Joe Mastrangelo, CEO of GE’s power conversion business.
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