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In this photo taken on April 5, 2016, a line of police block the entrance to the head office of the Guofeng Steel Company as they watch over protesting steelworkers in Tangshan, in China's northern Hebei province. Steel workers protested outside the company on April 5 after it shut down production at one of its plants the week before, leaving the workers facing redundancy. The closure comes amid massive overcapacity and plummeting prices in China's steel sector. Beijing says it will shed 500,000 jobs in the sector in coming years -- more than the entire 328,000 people directly employed by steel firms in the European Union. / AFP / GREG BAKER / To go with story China-Economy-Steel-EU by Tom Hancock (Photo credit should read GREG BAKER/AFP/Getty Images)

In this photo taken on April 5, 2016, a line of police block the entrance to the head office of the Guofeng Steel Company as they watch over protesting steelworkers in Tangshan, in China's northern Hebei province.
Steel workers protested outside the company on April 5 after it shut down production at one of its plants the week before, leaving the workers facing redundancy. The closure comes amid massive overcapacity and plummeting prices in China's steel sector. Beijing says it will shed 500,000 jobs in the sector in coming years -- more than the entire 328,000 people directly employed by steel firms in the European Union. / AFP / GREG BAKER / To go with story China-Economy-Steel-EU by Tom Hancock        (Photo credit should read GREG BAKER/AFP/Getty Images)