Steel competitiveness still need to be improved.
Recently, the World Steel Association publishes “World steel statistics 2017”. The steel production company which has more than 3 million tons annual production are 98, and China reached 53. Data source from the ranking of crude steel production in 2016 among the world steel enterprise.
In contrast to the huge production of steel industry in China, its international competitiveness still appears to be inadequate. As a result, the China’s steel production capacity ranks first in the world. But the high-end steel production can not meet the national market demand.
Li Xinchuang is the director of Metallurgical Industrial Planning and Research Institute. He thinks that steel industry is a capital-intensive, technology-intensive and resources-intensive industry. And it is the competitive industries with international competitiveness of China.
Anyhow, CAMELSTEEL believes whether it is color coated steel coil, galvanized steel coil or other steel products, will have a large demand along the ” one belt and one road” place. Chinese steel market will make a greater competition with other high-end steel production of the world.