Author: Paul Ploumis
10 Oct 2014 Last updated at 05:15:56 GMT
BEIJING (Scrap Monster): He also further stated that, language is also going to be a great obstacle in the process as many of the Senior Executives of most of all  the Chinese company, which makes the requirement of translators essential and also limits the practical works.

The Chairman of the Baosteel Group; state owned China based steel company, located in Shanghai, Xu Lejiang, in the field of industrialization, India is expected to follow the same path as that of India, which emphasizes that, there would be tremendous growth in the demand of steel in the coming years.

He also stated that, despite the fact that, China posses excess capacity of steel produce, it is not at all difficult for the Chinese companies to expand their business overseas. The developing regions like, Southeast Asia, Africa, Eastern Europe and Africa, all these developing countries provide, Chinese Steel companies, fertile region to develop and expand, stated Lejiang.

Due to the declining in the domestic demand, most of the Chinese companies had to try their luck in exports and has expanded their export chain.