| |
0 Pages

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

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

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 includes 1 file(s)

  • A sign of the fall of chinas state-owned steel companies.pdf PDF - 974.07 KB


This Steel Inform report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

Our analysts are based in the markets they analyse and work with high-quality proprietary data to provide consistent and reliable insight.

We provide unique in-depth analysis of the metals supply industry so you can make confident strategic decisions.

Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...