A sign of the fall of China's state-owned steel companies?

This report is currently unavailable

This report is currently unavailable

Get this Inform as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.

Report summary

 Dongbei Special Steel Group's recent failure to make a debt payment marked the first default by a provincial state-owned steel company in China. This default presents a dilemma for the Chinese government, as it is committed to allowing struggling companies to close down but must also promote more speciality steel production to reduce reliance on imports. Dongbei Special Steel will most likely be bailed out, probably by another SOE. If it was not a specialty steel producer we would expect the government to let it fail. Once one SOE is allowed to fail, it will trigger more defaults and accelerate the pace of overcapacity cuts.

What's included

This report contains

  • Document

    A sign of the fall of chinas state-owned steel companies.pdf

    PDF 974.07 KB

Table of contents

  • A sign of the fall of China's state-owned steel companies?

Tables and charts

This report includes 2 images and tables including:


  • Dongbei Special Steel's profit was higher than most China Iron and Steel Association (CISA) members in 2015
  • Capacity expansions have tightened cash flow

You may be interested in

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898