China opens steel to full foreign ownership
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Report summary
China will open its steel and base metals sectors to full foreign ownership from 10 April. While the policy change raises the likelihood of increased M&A activity, it won't be a stampede as China's steel and metals industries are oversupplied, operating margins are poor and uncertainty over the country's new environment law remains.
Table of contents
- Executive summary
- Steel ownership restriction to be lifted
-
Appetite for investment in China's steel sector
- Foreign companies with interests in Chinese steel companies
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Increased M&A expected but the pace will be slow
- Ratios of share price-to-book value (P/B) of selected steel companies
- Downstream steel joint ventures between foreign and domestic companies
- Net profit margin of Chinese key steel enterprises
- Foreign investment: an opportunity to upgrade China's steel industry?
Tables and charts
This report includes 4 images and tables including:
- China opens steel to full foreign ownership: Table 1
- China opens steel to full foreign ownership: Image 1
- China opens steel to full foreign ownership: Table 2
- China opens steel to full foreign ownership: Image 2
What's included
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