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Hesteel appoints president

Hesteel Co. Ltd. said Feb. 8 that its board appointed Wang Lanyu, chairman of Tangshan Iron and Steel Group Co. Ltd., as president, effective immediately. Tangshan Iron is a wholly owned subsidiary of Hesteel's parent Hebei Iron & Steel Group Co. Ltd.

The board also proposed the newly appointed president and Wang Zhumin, vice president of the parent group, as directors. The director appointments are subject to approval from shareholders.