Structural adjustment, see actual effect, steel industry concentration increased

In recent years, with the continuous improvement of equipment technology and management, the export volume of China's steel industry has grown strongly. In 2006, China exported a total of 43.01 million tons of steel and 18.51 million tons of imported steel. It has changed its previous status as a net importer of steel and surpassed Japan as the world’s largest exporter of steel. In 2007, China exported 62.643 million tons of steel, an increase of 45.67% over the previous year. The structural adjustment of steel products in China has achieved substantial results. In the composition of export products, high value-added products such as plates and seamless pipes have taken a dominant position.

During the “10th Five-Year Plan” period, with the promotion of the national industrial policy, the pace of joint, merger and asset restructuring of China’s steel industry has been accelerated, and adjustments have been made in the industrial organization structure. The combination, merger and reorganization of enterprises have objectively accelerated the accumulation and concentration of production in China's iron and steel industry, gave birth to a group of large enterprise groups with strong international market competitiveness, and increased the industrial concentration of the steel industry. The regional structure of the steel industry has also changed. Under the influence of the market mechanism, the steel industry has experienced rapid growth in the consumption of steel products, the market has developed, and the development of the iron and steel industry in the southeastern coastal areas where the conditions for the use of imported ores have been accelerated. The relative position of the steel industry in the country has increased significantly. The picture shows the construction of Caofeidian Shougang Jingtang Iron and Steel Plant.

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