China's steel industry will enter upsurge in mergers and acquisitions
Yesterday in “the steel and iron profession undertaking and the development” at the press conference, five steel and iron profession National People's Congress represented accepts the Chinese and foreign media interview jointly. China Iron and steel industry Association president, Anshan Iron and Steel Company group General Manager Zhang Xiaogang believed that three years, the Chinese steel industry merger and acquisition will reach the high tide next, profession reorganization dynamics will be in the history is biggest. To 2010, through the profession conformity, China Iron and steel enterprise quantity will be the reduction greatly, but the first ten big Iron and steel enterprise's steel output, will account for the national ultimate output above 50%.
Zhang Xiaogang indicated that after the iron ore will rise in prices the cost transfer definitely to have the negative influence to the downstream industry, but the upstream and downstream enterprise will be generally the long-term stability the partner, through the consultation, both sides may achieves consistently in the price wave ridge and the trough time. He also believed that the Chinese steel industry to the raw material keen demands, impels the related enterprise “to walk” inevitably, carries on the strategic investment to the overseas Upstream Enterprise.
Article Source:Cone Crusher,China Cone Crusher,Crusher Machine Manufacturer --SBM Machinery
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