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It's reported that the Chinese steelmaker Hebei Steel announced that its sales revenues totaled RMB111.632 billion in 2012, falling by 16.28% year on year. The net income attributed to shareholders totaled RMB109 million, slumping by 92.09% year on year.Hebei Steel said that the weak sales performance was caused by lower steel prices, sluggish market demand and high raw material prices.