2008 China M & A restructuring of the steel industry in an unprecedented wave of spectacular promotion of a strong government, steel industry concentration jump from last year’s 36.79% to 42.6%.

However, in 2009 steel industry is facing unprecedented pressure, we can say that the “three big mountains” pressure head: 100 million tons of excess capacity to go? Monthly loss industry will continue to support the Government does not work? Year after year, suffer from iron ore talks to play the “turnover”? The fact that China’s steel industry is faced with problems, forcing the government restructuring of the steel industry mergers and acquisitions in the area behind the scenes “relentless” attacks “severe.” 2008 Government incentives, Hebei Iron and Steel Group, Shandong Iron and Steel Group, Baosteel, Wuhan Iron and Steel, on behalf of the accelerated restructuring of state enterprises as Read the rest of this entry »