Abstract
"China Steel Industry Forecast till 2012" is the latest market analysis by
RNCOS on the world' s largest steel producer, China' s steel industry. This
analysis gives an overview of the global steel industry and discusses the
Chinese steel industry in detail, including production and consumption
pattern, type of steel products, and major exporting-importing countries. It
also studies the growth drivers, opportunities, challenges, and future outlook
of the industry.
Market Analysis
China' s steel industry is among the world' s major industries and is
registering the fastest growth rate not only in terms of production but
consumption also (China is the world' s largest steel consumer). The country
expanded its steel-making capacity to meet the demand of its rapidly growing
economy. Basically, strong economic growth and cheap production base are the
major driving forces for rise in steel consumption.
The steel industry of China has been witnessing phenomenal growth since the
last few years. In 2006, total crude steel production in the country reached
422.7 Million Metric Tons. China accounted for approx 34% of total global
crude steel demand in 2006. Government support and economic growth is
propelling growth in the Chinese steel industry. During the period 2000-2006,
demand for steel in China grew at a CAGR of 19.18%.
Key Players Analyzed
This section provides the overview and key financials of players like Shanghai
Baosteel Group Corporation, Anshan Iron & Steel Group, Wuhan Iron & Steel,
Shougang, Jinan Iron & Steel Co. Ltd., Alison Group etc.
Key Findings
- In the recent past, China has emerged as a major growth driver in the
global steel industry.
- China is the top crude steel producing country in the world and accounted
for approx 34% of global production in 2006.
- Huge government support in the form of subsidies has fuelled the creation
of the world' s largest steel industry.
- High import of flat and long products by China offers great opportunity
for global steel players.
- China is the world' s largest steel consumer. Strong economic growth and
cheap production base are the major driving forces for growth in steel
consumption.
- Over-production and dependency on imported raw material are the biggest
challenges that Chinese steel industry needs to tackle for sustained growth in
future.
Key Issues & Facts Analyzed
- What are the future growth prospects and opportunities for steel
manufacturers in China?
- What are the major challenges and driving forces for Chinese steel
industry?
- What are the major steel exporting and importing countries?
- Who are the major competitors in Chinese steel industry?
Research Methodology
Information Sources
Information has been sourced from books, newspapers, trade journals, and white
papers, industry portals, government agencies, trade associations, monitoring
industry news and developments, and through access to more than 3000 paid
databases.
Analysis Methods
The analysis method includes ratio analysis, historical trend analysis, linear
regression analysis using software tools, judgmental forecasting, and cause
and effect analysis.
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