1  Current State of  Chinese Steel Industry

1.1 Milestones

1.1.1  Initial Development after China Founded (1949-1957)       

1.1.2  “Great Leap Forward” & “Cultural Revolution” (1958-1965)  

1.1.3  Shift from Planned Economy to Market Economy (1977-1999)  

1.1.4  Quick Growth (2000-2011) 

1.1.5  Move into All Round Overcapacity (2012-)  

1.1.6  Situation of Private Steel Companies

1.2  Existing Situation

1.2.1  Chinese Steel Industry See All Round Overcapacity

1.2.2  Softer Demand from Property & Infrastructure Key to Falling Steel Demand

1.2.3  Loss Mounting, Huge Overcapacity Is Biggest Concern

1.2.4  Low-Cost Manufacturers Stand Out, China Needs Time in Steel Industry Restructuring

1.2.5  Steel Export Needs Structure Optimization and Can’t Be Solution to Overcapacity

1.2.6  With Low Industry Concentration, M&As Needs Acceleration

1.2.7  Regional Gap: North vs South, East vs West

2  Trend & Demand Outlook

2.1  Reliance on Investment Can’t Be Sustainable, China to See Demand Drops

2.2  Limits in Chinese Steel Exports

2.3  Chinese Domestic Steel Industry Restructuring Vital to Solve Capacity Problem

2.4  EAF Production to See Growing Ratio after 2020

2.5  China’s Crude Steel Production & Capacity Outlook for 2030

3  M&As, Inevitable for Chinese Steel Industry

3.1  Policy Background

3.2  M&A, Inevitable Step from Being Big to Being Strong

3.3  M&A Benefits Capacity Reduction and Product Portfolio Optimization

3.4  M&A Between Chinese Enterprises

3.5  M&A at State-owned Steel Companies

4  Major Chinese Steel Companies

4.1  By Ownership and Product Category

4.2  By Size and Product Category

5  Operation Situation at Chinese Steel Companies

5.1  Product Portfolio

5.2  Capital Situation

5.3  Cost Control

5.4  Capacity Exits & Impacts from Local Municipalities

6  Road Ahead

6.1  Capacity Reduction

6.1.1  More-Than-Expected Steel Price Drops Be Strongest Engine Behind Capacity Reduction

6.1.2  The Invisible Hand be Dominant in Kicking Out Less-Competitive Small Private Mills in 3 years

6.1.3  Restructuring & Relocation for Mills in Cities

6.1.4  State Capital May Advance and Private Capital May Retreat In Short Term

6.1.5  Steel Output Growth Will be Mostly at State-owned Mills and in Plates

6.2  M&As

6.2.1  Megamerger to Create World-Class Mills

6.2.2  Regional M&As to Form Regional Mill Leaders

6.2.3  M&As Between State-owned Mills Is Full Asset Transfer

6.2.4  Asset Acquisition Features in M&As Between Private Mills

6.2.5  M&As Cross Ownership and Regions

6.3  Large Steel Manufacturers to See Higher Production Proportion

6.4  Coastal Steel Companies to be Growingly Important in Capacity Structure

6.5  Chinese Steel Companies to Play Role in Global Capacity Cooperation 

7  Conclusion

Please feel free to contact Ms. Tina Tong should you have any questions.
Tina Tong (Ms)
Tel: 86-555-2238835
Mail: tina.tong@steelhome.cn or steelhome2@hotmail.com