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7 Pages

China: The rise of the private steel sector


China: The rise of the private steel sector

Report summary

Government policy inadvertently created rapid capacity growth in the Chinese steel industry.  The introduction of a minimum size threshold led to a refurbishment programme in Tangshan's private steel sector in which small blast furnaces were replaced with much larger ones to avoid being shut down. Wood Mackenzie recently visited seven privately owned Tangshan steel plants where capacity has more than double since 2007 – something representative of the region. In contrast to state-owned...

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  • China: The rise of the private steel sector PDF - 493.85 KB 7 Pages, 1 Tables, 6 Figures
  • China The rise of the private steel sector XLS.xls XLS - 108.50 KB

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
  • Tangshan’s capacity increases driven by privately owned plants
  • Government policy led to upgrades
  • Not all privately owned steel plants are high cost
  • Private sector increasingly pivotal in the Chinese steel industry

In this report there are 7 tables or charts, including:

  • Executive Summary
  • Tangshan’s capacity increases driven by privately owned plants
    • Tangshan region
    • Most of the Tangshan plants visited have doubled iron making capacity
  • Government policy led to upgrades
    • Examples of blast furnace size upgrade
  • Not all privately owned steel plants are high cost
    • Some private steel plants are operating in the bottom quartile of the Chinese cost curve
    • Weighted average iron making C1 cash cost for private and SOE plants (US$/tonne, 2012)
    • Distribution of BF size
    • BF coke quality requirements
  • Private sector increasingly pivotal in the Chinese steel industry
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