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China opens steel to full foreign ownership

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31 March 2015

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.

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  • China opens steel to full foreign ownership: Table 1
  • China opens steel to full foreign ownership: Image 1
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  • China opens steel to full foreign ownership: Image 2

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