China Steel and Iron Industry 12th Five-Year Plan Integrates Steel Enterprises to Enter Oversea Markets

2011-11-30

The peak period for China crude steel demand is expected to surface from 2015 to 2020, achieving volume of 770 million tons to 820 million tons. Meawhile at the end of the 12th Five-Year Plan, a benefit sharing protective system for the fuel and raw material such as iron ore and coal for the steel and iron industry will be set up, and the oversea iron ore production capability will be added to output of more than 100 million tons. The Plan also indicates China steel and iron mills will consolidated to enter oversea markets.