CISA: China Steel Sector to Focus on M&As

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).

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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. 

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

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