The steel industry has completed the annual capacity target of 84.8%

From the beginning of the end of 2015, to go to production, inventory, deleveraging, reduce costs,  make up the short board as the focus of the supply side structural reform, the central economic wor-k conference set the tone, officially opened the curtain. For the steel industry, in the years before th-e implementation of supply side reform, the iron and steel industry oversupply, disorderly competition prominent, market prices continued downward, a large loss of industry enterprises. To date, the su-pply side reform implemented a year and a half, China's steel industry gradually out of the doldrums, endogenous power effectively enhanced, the reform results were remarkable, some positive change-s are being reflected.

Chinese steel industry has achieved phased results in resolving excess production capa-city

In 2016, China's iron and steel industry to resolve excess production capacity of 65 million tons, far more than the beginning of the year to set production capacity target of 45 million tons. In June 30,  2017, China banned "steel" steel; at the end of May, the country has Yajian crude steel production  capacity of 42 million 390 thousand tons, the completion of the annual target task currently around 84.8%; the investigation found that the "land of steel production capacity has been shut down, water and electricity, is in accordance with the" four "requirement will be dismantled" steel "ban in place. A-ccording to the China steel industry association data, the country already checked out more than 500 "steel production enterprises, the total production capacity of 1.19 tons; 7-8 month will carry out"-steel "clear acceptance checks. Iron and steel industry to resolve excess production capacity, and e-ffectively promoted the quality and efficiency of China's steel industry, enterprises and social confid-ence continued to grow

Chinese steel industry has improved efficiency markedly

With the steel industry supply side reforms and capacity to continuously promote the optimization of  industrial structure and new energy, continuous conversion, positive results gradually, especially in  the China significantly improve the effectiveness of iron and steel enterprises, iron and steel indust-ry sales profit rate in 2016 February effective promotion, only 0.29%; in 2017 March hit a new high s-ince 2009, up to 3.89%. According to the National Bureau of statistics data show that in 2016, the to-tal profit of ferrous metal smelting and rolling processing industry was 165 billion 910 million yuan, a-n increase of 232.3%, from negative growth in 2015 to a substantial positive growth. In 2017 1-4 m-onths, ferrous metal smelting and rolling processing industry realized a total profit of 84 billion 950 m-illion yuan, an increase of 141.5%

Chinese steel industry has effective promotion of concentration ratio

In 2016, Baosteel and Wuhan Iron and steel industry started with China supply side reform of merge-rs and acquisitions of the "first shot", indicates that with the deepening of the reform of the supply si-de, there will be a way to reform more and more iron and steel enterprises on merger and reorganiz-ation; in the long run, the iron and steel enterprise merger will increase the industry for the right to  speak on the upstream and downstream enterprises and industrial concentration. In 2016, Baosteel, Wuhan Iron and steel due to the re establishment of Wu Po group, China concentration of iron and steel industry increased, reversing the concentration of iron and steel industry for 4 consecutive ye-ars of decline, CR10 was 35.9%, up 1.7 percentage points compared to 2015, CR4 was 21.7%, up  3.1 percentage points compared with 2015.

Chinese steel products shows a trend of develop to a high-end development

Supply side reform, Chinese steel demand new impetus significantly increased, more attention to in-novation driven, high-end product development and production achieved new results. Maanshan Ir-on and steel, TISCO development speed of 350 km high-speed EMU wheel shaft material, the succ-essful completion of the 600 thousand km run assessment, the indicators meet the technical requirements, through the production review, into the normal production order, lay the foundation for the lo-calization of high-speed rail axle.

Chinese steel enterprises actively support the construction of "The Belt and Road " , Pr-omote the cooperation  of  international capacity

With the "The Belt and Road" strategy to promote, and actively participate in the construction of Chi-na Belt and Road Initiative "major iron and steel enterprises, providing high-quality steel raw materi-als for various projects. The river Wugang Steel Group Kazakhstan company Bartle Dahl refinery two equipment manufacturing 1000 tons of hydrogen sulfide corrosion resistant steel orders for Kazakh-stan Bartle Dahl refinery two equipment manufacturing; Bao Wu group Hubei steel company in Mala-ysia friendship bridge steel supply power, become the only domestic enterprises to supply bridge pr-oject.