Ningbo MOS Group Co., Ltd
Add: Zhuangshi, Ningbo, China
Tel: +86-571-56835049
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steel industry adjustment(2)

steel industry adjustment2


     Iron and steel industry consolidation is imperative
     As previously participated in "guiding opinions" established sources, China has become the world's largest steel manufacturer, 2015, should have 1-2 annual steel output 100 million tons of steel; As of 2020, the National top ten Iron and Steel Group will account for 75% of total output. At the same time, the policy also demanded the closure of the coastal cities and the provincial city of less than 1000 cubic meters of blast furnace, in order to curb overcapacity.
     On the other hand, China is the world's largest buyer of iron ore. DENG Qi-lin, president of China Iron and Steel Association, October 13 has said publicly that the domestic steel market exists "a serious excess capacity" to the end of this year China may be the planned closure of a number of old steel mills, steel enterprises to merge and reduce imports of iron ore

     For the reorganization of the pattern, chief industry analyst at CITIC Securities, told reporters Hsi-growing, led by Baosteel and other companies under the impetus of domestic mergers, the domestic iron and steel group will be even greater. Domestic iron and steel enterprises is about 900, the top nine, annual production capacity of more than 10 million tons of steel production enterprises accounted for only about 39% of the country, compared with 2008, more than four into decreased slightly. Among them, Baosteel Group, Anshan Iron and Steel Group, Wuhan Iron and Steel Group and the Big Three only of the national total output of less than two into. The four former U.S. steel prices more than the country's total output Liu Cheng, former Japanese steel prices more than four Qi Cheng.



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Author:mosbearing   2010-8-6   Source:    View(886)     Comment(0)

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