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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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This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.
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Insight | Apr 2013
China: The rise of the private steel sector
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