Tuesday, 01 Mar 2011
China Securities Journal reported that Chinese steel market eyed rapid development since entering 21st century with the growth of crude steel output averaging by 21.1%YoY. The trend for the rather mystifying debacle after the Spring Festival has taken everybody by surprise.
In 2010, China has totally yielded out 630 million tonnes of crude steel. In recent years, Hebei Steel Group regrouped by Tangshan Steel and Handan Steel, realized rapid and steady developments forming a new management mode for further developments.
In the past two years, Hebei Steel Group accumulatively eliminated 5.2 million tonnes of backward steel making capacities and it also gradually regrouped 12 private owned steel mills.
In 2010, China has totally yielded out 630 million tonnes of crude steel. In recent years, Hebei Steel Group regrouped by Tangshan Steel and Handan Steel, realized rapid and steady developments forming a new management mode for further developments.
In the past two years, Hebei Steel Group accumulatively eliminated 5.2 million tonnes of backward steel making capacities and it also gradually regrouped 12 private owned steel mills.
Tags ; Chinese steel mills, Chinese steelmaking, mergers and acquisitions,
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