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Despite Being the Largest Producer of Steel, China is Merely a Large Steel Manufacturing Country Instead of a Powerful One.


DUBLIN Dublin, city, Republic of Ireland
Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River.
, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c54845) has announced the addition of China Special Steel Industry Report - 2006-2007 to their offering.

Nowadays, China is the largest steel producer as well as the largest consumer in the world. However, Chinese steel industrialization industrialization

Process of converting to a socioeconomic order in which industry is dominant. The changes that took place in Britain during the Industrial Revolution of the late 18th and 19th century led the way for the early industrializing nations of western Europe and
 is still in its early stages, high value-added products are still in short supply. The quality of steel products is not very high; as a result China is merely a large steel manufacturing country instead of a powerful one.

Unlike common steel, which is mainly used in building, road, bridge and steel structure construction etc, special steel is used in industries of machinery, military, automobile, railway, aviation, petroleum and coal etc, all of which have special requirements for the physical and chemical performance of the steel. And accordingly, the manufacturing process of special steel product is more complicated.

At present, special steel products in developed countries normally account for 15%-25% of total steel output. For instance, it accounts for 25% in Japan, 20% in U.S. and 18% in Europe. The special steel products in China, however, only accounted for 8%-10%.

In July 2005, China issued a policy for the steel industry, which provided favourable polices for the development of special steel. It was specified that the Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
  • Chinese Soviet Republic
  • Provisional Government of the Republic of China
  • Reformed Government of the Republic of China
 would encourage large scale special steel enterprises to develop high value-added and high-end products.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the statistics of China's Special Steel Enterprises Association, the accumulative LEGACY, ACCUMULATIVE. An accumulative legacy is a second bequest given by the same testator to the same legatee, whether it be of the same kind of thing, as money, or whether it be of different things, as, one hundred dollars, in one legacy, and a thousand dollars in another, or whether  output of prime special steel amounted to 46.953 million tons in 2005, up by 14.50% over the year of 2004, among which the non-alloy steel output was 23.551 million tons with a year-on-year growth of 16.48%, that of the low alloy steel Low alloy steel is steel alloyed with other elements, usually molybdenum, manganese, chromium, vanadium, silicon, boron or nickel, in amounts of up to 10% by weight to improve the hardenability of thick sections.  was 11.599 million tons with 14.28%, the alloy alloy (ăl`oi, əloi`) [O. Fr.,=combine], substance with metallic properties that consists of a metal fused with one or more metals or nonmetals.  steel output was 10.476 million tons with 9.86% and the stainless steel stainless steel: see steel.
stainless steel

Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat.
 was 1.237 million tons with 20.45%.

Since the initial integration, China's special steel industry has gradually formed four large scale special steel conglomerates A Conglomerate is the term used to describe a large corporation that consists of diverse divisions. Conglomerate companies tend to be large multinational corporations with operations in multiple regions of the world. : Xingcheng-Xinyegang Group in East & Central South China, Dongbei Special Steel Group in Northeast China Northeast China (Simplified Chinese: 中国东北; Traditional Chinese: 中國東北; Pinyin: , Baosteel Special Steel Group in East China and Xining Special Steel Group in Northwest China.

China's special steel industry should comply with the development trends of the international special steel industry, focusing on intensive operations, and carry out structural adjustments and reorganization etc, so as to achieve sustainable development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union  in a growing competitive market both for China and abroad.

Topics Covered

1 Overview of Special Steel Industry in 2006

2 Development of Steel Industry in 2006

3 Review of China Special Steel Industry in 2005

4 Overall Development of Special Steel Industry in 2006

5 Supply & Demand and Prospect of Stainless Steel in 2006

6 Supply & Demand and Prospect of Bearing Steel in China in 2006

7 Status Quo [Latin, The existing state of things at any given date.] Status quo ante bellum means the state of things before the war. The status quo to be preserved by a preliminary injunction is the last actual, peaceable, uncontested status which preceded the pending controversy.  and Prospect of Spring Steel in China in 2006

8 Supply & Demand and Prospect of Tool and Die Steel in China in 2006

9 Supply & Demand and Prospect of Structural Steel in 2006

10 Supply & Demand and Prospect of Gear Steel in 2006

11 Researches on Main Domestic Regional Markets in 2006

12 Merger and Reorganization of China Special Steel Industry

13 Threats from Foreign Capital in 2006

14 Compositions of Cost & Expense and Price Trend of Special Steel Products

15 Developments of Major Special Steel Enterprises in China

16 Development of China Special Steel Industry

17 Investment Risks of China Special Steel Industry in 2006

Companies Mentioned

* Pangang

* Changgang

* Baosteel Group

* Jiangyin Xingcheng Special Steel Co., Ltd

* Dongbei Special Steel Group

* Laiwu Steel Corporation

* Sichuan Changcheng Special Steel Co., Ltd

* Daye Special Steel Co., Ltd

* Shanxi Taigang Stainless Steel Co., Ltd

* Xining Special Steel Co., Ltd

* Shandong Shiheng Special Steel Co., Ltd

* China Special Steel Holdings Co., Ltd

For more information visit http://www.researchandmarkets.com/reports/c54845
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Publication:Business Wire
Date:Apr 25, 2007
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