[institutional Review] there is still much room for improvement in the capacity concentration of China's iron and steel industry.

SMM News: following the joint reorganization of Taigang Group and Baowu of China, recently, private steel enterprise Jingye Group formally acquired Guangdong Taidu Iron and Steel Industry Co., Ltd. The pace of merger and reorganization of domestic steel enterprises has been significantly accelerated.

According to a reporter from Futures Daily, in 2019, the industrial concentration of the top 10 iron and steel enterprises in China is only 36.8%, the concentration of the steel industry of more than 10 million tons is only 52.38%, and the concentration of the top four steel enterprises with output is only 21%. The concentration of steel enterprises in the top four in Europe, America, Japan and South Korea is more than 60%. With the promotion of merger and reorganization of China's steel enterprises, The concentration of our steel production capacity is expected to be further increased.

According to the guidance on promoting the merger, reorganization and disposal of zombie enterprises in the iron and steel industry issued by China in 2016, it is clear that by 2025, 60% of the output of China's iron and steel industry will be concentrated in about 10 large groups. in the next five years, the concentration of the top 10 iron and steel enterprises in China will be increased by about 30%.

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