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Beijing betting bigger is better as it pushes consolidation of state-owned steel plants

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[unable to retrieve full-text content]In China’s bid to rejuvenate its steel sector, it is betting on size.Beijing wants the country’s top 10 steel producers to have 60 per cent of the overall capacity by 2020 as it moves to improve efficiency, according to a plan by the National Development and Reform Commission, which is in charge of China’s macroeconomic planning.In 2018, the mainland’s 10 largest steel companies reported a combined output of 340 million tonnes, accounting for 36.5 per cent of the national total.“In the coming…

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[unable to retrieve full-text content]
In China’s bid to rejuvenate its steel sector, it is betting on size.Beijing wants the country’s top 10 steel producers to have 60 per cent of the overall capacity by 2020 as it moves to improve efficiency, according to a plan by the National Development and Reform Commission, which is in charge of China’s macroeconomic planning.In 2018, the mainland’s 10 largest steel companies reported a combined output of 340 million tonnes, accounting for 36.5 per cent of the national total.“In the coming…

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