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Despite Being the Largest Producer of Steel, China is Merely a Large Steel Manufacturing Country Instead of a Powerful One

Posted on: Wednesday, 25 April 2007, 00:00 CDT

Research and Markets (http://www.researchandmarkets.com/reports/c54845) has announced the addition of China Special Steel Industry Report - 2006-2007 to their offering.

Nowadays, China is the largest steel producer as well as the largest consumer in the world. However, Chinese steel industrialization is still in its early stages, high value-added products are still in short supply. The quality of steel products is not very high; as a result China is merely a large steel manufacturing country instead of a powerful one.

Unlike common steel, which is mainly used in building, road, bridge and steel structure construction etc, special steel is used in industries of machinery, military, automobile, railway, aviation, petroleum and coal etc, all of which have special requirements for the physical and chemical performance of the steel. And accordingly, the manufacturing process of special steel product is more complicated.

At present, special steel products in developed countries normally account for 15%-25% of total steel output. For instance, it accounts for 25% in Japan, 20% in U.S. and 18% in Europe. The special steel products in China, however, only accounted for 8%-10%.

In July 2005, China issued a policy for the steel industry, which provided favourable polices for the development of special steel. It was specified that the Chinese government would encourage large scale special steel enterprises to develop high value-added and high-end products.

According to the statistics of China's Special Steel Enterprises Association, the accumulative output of prime special steel amounted to 46.953 million tons in 2005, up by 14.50% over the year of 2004, among which the non-alloy steel output was 23.551 million tons with a year-on-year growth of 16.48%, that of the low alloy steel was 11.599 million tons with 14.28%, the alloy steel output was 10.476 million tons with 9.86% and the stainless steel was 1.237 million tons with 20.45%.

Since the initial integration, China's special steel industry has gradually formed four large scale special steel conglomerates: Xingcheng-Xinyegang Group in East & Central South China, Dongbei Special Steel Group in Northeast China, Baosteel Special Steel Group in East China and Xining Special Steel Group in Northwest China.

China's special steel industry should comply with the development trends of the international special steel industry, focusing on intensive operations, and carry out structural adjustments and reorganization etc, so as to achieve sustainable development in a growing competitive market both for China and abroad.

Topics Covered

1 Overview of Special Steel Industry in 2006

2 Development of Steel Industry in 2006

3 Review of China Special Steel Industry in 2005

4 Overall Development of Special Steel Industry in 2006

5 Supply & Demand and Prospect of Stainless Steel in 2006

6 Supply & Demand and Prospect of Bearing Steel in China in 2006

7 Status Quo and Prospect of Spring Steel in China in 2006

8 Supply & Demand and Prospect of Tool and Die Steel in China in 2006

9 Supply & Demand and Prospect of Structural Steel in 2006

10 Supply & Demand and Prospect of Gear Steel in 2006

11 Researches on Main Domestic Regional Markets in 2006

12 Merger and Reorganization of China Special Steel Industry

13 Threats from Foreign Capital in 2006

14 Compositions of Cost & Expense and Price Trend of Special Steel Products

15 Developments of Major Special Steel Enterprises in China

16 Development of China Special Steel Industry

17 Investment Risks of China Special Steel Industry in 2006

Companies Mentioned

Pangang

Changgang

Baosteel Group

Jiangyin Xingcheng Special Steel Co., Ltd

Dongbei Special Steel Group

Laiwu Steel Corporation

Sichuan Changcheng Special Steel Co., Ltd

Daye Special Steel Co., Ltd

Shanxi Taigang Stainless Steel Co., Ltd

Xining Special Steel Co., Ltd

Shandong Shiheng Special Steel Co., Ltd

China Special Steel Holdings Co., Ltd

For more information visit http://www.researchandmarkets.com/reports/c54845

Source: Business Wire

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