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China opens steel to full foreign ownership


China opens steel to full foreign ownership

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.


What's included?

This report includes 1 file(s)

  • China opens steel to full foreign ownership PDF - 452.34 KB 4 Pages, 2 Tables, 2 Figures

Description

This Metals Insight 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.

  • Executive summary
  • Steel ownership restriction to be lifted
  • Appetite for investment in China's steel sector
    • Foreign companies with interests in Chinese steel companies
  • 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?

In this report there are 4 tables or charts, including:

  • Executive summary
  • Steel ownership restriction to be lifted
  • Appetite for investment in China's steel sector
    • China opens steel to full foreign ownership: Table 1
  • Increased M&A expected but the pace will be slow
    • 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
  • Foreign investment: an opportunity to upgrade China's steel industry?
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