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whether or not the HRC price at that time was significantly increase or decrease. Management’s Discussion and Analysis (MD&A) For Q3/2017 5 Executive Summary In the third quarter of 2017, the company has

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reliable source of power. Gangdong construction works are scheduled to commence in August 2019. The commercial operation date is scheduled in the fourth quarter of 2020. 2. Business overview EGCO Group have

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