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China to speed up restructuring in steel sector
[ 2010-2-9 ]
According to China Daily, China is to speed up restructuring in the steel sector.
Chinese top five major steel mills are facing long-standing problems of overcapacity and low industry concentration.
According to data from 2010 steel industry council meeting, the 2009 output of China's 5 biggest steel mills only accounted for 29 percent of the national total and much lower than the 45 percent goal set by the State Council for 2011.
Chinese government has set up a goal of further optimizing the industry structure China's steel sector and strengthening its competitiveness in the international market from this year. .
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