DUBLIN, July 26, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "China Steel Industry Overview, 2011-2020" report to their offering.
Major leading enterprises are state-holding enterprises with large scale which possess a complete set of supply-production-sale system through mergers. In terms of output volume, CR5 of 2015 was only about 8.6%. However, there are numerous small-sized private enterprises. Therefore, China's steel industry is a fully competitive industry.
The major material of steel product manufacture is iron ore. The import of iron ore in China highly depends on foreign countries. In 2015, China imported 953 million tons of iron ore with an increase of 2.2% compared to 2014, which accounted for 81% of the national demand for iron ore. Therefore, the price trend of imported iron ore exerted a huge impact on the profit margin of steel product manufacturers. From 2013 on, the price of imported iron ore continued to fall. The price of iron ore imported by China in the second half of 2015 declined by more than a half compared to that in the first half of 2013. The decline is conducive to decreasing the costs of steel manufacturers so as to increase the profit margin.
In the next few years, it is predicted that the economic growth of China will continue to decline. However, the annual growth rate is expected to maintain about 6%. With the implementation of such strategies as One Belt and One Road, Made in China 2025 and Yangtze River Economic Belt, there will emerge certain demand for steel products, which will bring in new opportunities for the development of China steel industry. In recent years, steel products exported by China increased rapidly. In 2015, China exported 112.4 million tons of steel products with an increase of 19.9% YOY.
The increase of exported steel products was stimulated by the international demand for steel products, which reflected the strengthening competitiveness of Chinese steel products in the international market. In spite of many trade barriers, the steel products exported by China are expected to keep increasing with huge price advantages, which will become one of the key factors in the development of China steel industry.
Key Topics Covered:
1 Relevant Concepts of Steel Industry
2 Analysis on Environment of China Steel Industry, 2011-2015
3 Competition Status of China Steel Industry, 2013-2015
4 Analysis on Top 5 Steel Manufacturers in China, 2013-2015
5 Analysis on Prices of Raw Materials and Sales of Products in China Steel Industry, 2013-2015
6 Prediction on China Steel Industry, 2016-2020
- Angang Steel Co., Ltd.
- Baosteel Group Corporation
- Hebei Iron & Steel Co., Ltd.
- Maanshan Iron & Steel Co., Ltd.
- Wuhan Iron and Steel Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/glp89c/china_steel
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets