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Steel industry will expect more acquisitions in 2018-2018 China(Guangzhou)Int’l Metal &Metallurgy Exhibition-metal exhib ition 1/11/2018 steel expo-metal &metallurgy expo |
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The Chinese top ten steel companies are expected the average capacity would up to 50 million tons in the near future. The structure adjustment of steel industry needed to be improved because "The steel industry was facing low concentration which was the biggest problem".
According to Allianz Metallurgical Chamber of Commerce, Beijing Jian long Heavy Industries Group Co., Ltd. Chairman Zhang Zhixiang said that compared with developed countries, China''s steel industry concentration was still low.
Taking 2015 as an example, the top four Japanese steelmakers have a production capacity as high as 83.3%, the top four US steelmakers have a production capacity of 70%, and the top eight steelmakers in the EU have a production capacity of 64.9%. The steel industry would welcome the integration and reconstruction this year.
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