CONF: No easy target for China’s 60% steel concentration
Sep 30, 2019 12:00
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It will be by no means easy for China to realize its target to have its top ten steelmakers contribute to 60% of the country’s total steel output by 2020, though all the leading producers are sparing no efforts to work towards the goal, officials from China Baowu Steel Group admitted at the 19th China International Steel & Raw Materials Conference on September 26.
The deadline has already been reset to 2020 from the original 2015, while as of 2018, China’s top ten steel mills only accounted for 35.3% of the country’s total steel production, Hou Angui, president of Baoshan Iron & Steel Co, the listed arm of China Baowu – China’s top and