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Home / Metal News / CISA: China Steel Sector to Focus on M&As

CISA: China Steel Sector to Focus on M&As

iconAug 25, 2017 10:27
Source:SMM
The top 10 steel producers take up about 30% of China’s total steel production, said Wang Yingsheng, Deputy Secretary General of China Iron and Steel Association (CISA).

SHANGHAI, Aug. 25 (SMM) – The top 10 steel producers take up about 30% of China’s total steel production, said Wang Yingsheng, Deputy Secretary General of China Iron and Steel Association (CISA).

Chinese Regulators Likely to Take further Action to Cool Ferrous Metals Fever

As for upstream industry, the top 10 iron mines account for over 80% of China’s total iron ore production. As for downstream industry, the top 10 car makers account for 88% of China’s total car capacity. 

CISA: Surging Steel Prices to Push Up Steel Costs

As such, M&As and restructuring will become a focus in steel sector.  

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

CISA
china steel industry

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