What is the future of consolidation in China's steel industry?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Executive summary
-
Why is there a need to consolidate?
- Steel consumption per capita will decline
- The process of reducing excess capacity will promote consolidation
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The difficult road to consolidation
- 1. Before 2004 – an absence of policy and wild growth
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SOEs and non-SOEs will collaborate more on future acquisitions
- SOEs play a significant role in M&As
- Before 2015, M&As were more regional, but from 2016, cross-regional M&As dominated the market
- Conclusion
Tables and charts
This report includes the following images and tables:
- The four stages of the Chinese steel industry: market concentration has fluctuated significantly over the past 20 years
- Urbanisation rate vs apparent steel use (ASU) per capita in the US, Japan and China (1970-2021)
- The process of capacity reduction will promote the consolidation of enterprises
- Summary of significant policies for mergers and acquisitions in the steel industry from 2005 to present
- The types of M&A cases in the steel industry
- The proportion of all mergers and acquisitions led by SOEs exceeds 50%
- After 2015, the ratio of M&As led by private enterprises reached 50%
- Geographical distribution of the six major steel groups
- The history of mergers and acquisitions of the Baowu Group
- The history of mergers and acquisitions of the Jianlong Group
- Comparison of M&A approaches between SOEs and non-SOEs
What's included
This report contains:
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