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Gansu Jiu Steel Group Hongxing Iron & Steel announces change in accounting estimate

Monday, 31 Mar 2014 08:00pm EDT 

Gansu Jiu Steel Group Hongxing Iron & Steel Co Ltd:Changed accounting estimate for depreciation period of building to 35~45 years from 25 years, machinery and equipment to 15~28 years from 10 years, transport equipment to 10~18 years from 8 years, and electronic equipment to 5~10 years from 5 years, effective Jan. 1. 

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