Monday, 31 Jan 2011
It is reported that during 12th five year period, several giant steel enterprises will be formed in China with strong ability of self innovation and global competitiveness, estimating top 10 steelmakers will take up 60% national capacity.
An insider said that it is part of important contents of steel industry 12th five-year plan.
As per report preliminary plan was basically finished and sought for next step opinions and given the plan was supposed to release at the end of last year.
As a big country of steel production and consumption, China crude steel production listed top one of the world for continuous 13 years especially in 21st century and crude steel annual growth was 21.1%. CISA officials estimated that total surplus still existed in 2011 due to severe blind investment.
In overall in the new plan, total volume of production capacity will be controlled, mainly satisfying domestic demand. In addition, new plan will focus on M&A and optimization of industrial distribution, upgrading standard of backward capacity elimination, energy saving and emission reduction. (sourced:mysteel.net for real time access to China steel new)
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