China Steel Industry Analysis By End-User Industry (Construction, Automotive, Domestic Appliances, Electrical Equipment, Metal Products & Others) With COVID-19 Impact | Market Outlook 2017-2030

China Steel Industry Outlook

China Steel Industry is accounted for 83.3 million metric tons production of steel, acquiring 49% global share in steel production according to the Goldstein Market Intelligence analyst.China is the largest steel producing country in world. Steel is one of the essential materials used across the world. Its wide application ranges from construction, transports, industrial machinery to consumer products. Steel accounts for the strategic importance in the industrial development of a nation. Steel industry has diverse technologies used as per the nature and extent of the raw material application. Growth in steel industry has strong co-relation with the growth of economy. China accounted for huge construction activities over the past decade and thus the growing economy of China has fuelled the demand of steel at exponential rates. China is largest producer of steel in the world and largest consumer of steel in Asia.

In current scenario, China is estimated to face stagnant demand and production of steel due to the overcapacity issues. China and other top steel consumers are facing the buffer stock, and thus the global finished steel consumption is likely to fall due to 5% demand contraction in China. In 2016 Chinese government had cut the steel capacity by 65 million tons and then in 2017, 50 million tons cut in capacity, and plans to cut around 100-150 million tons of steel capacity by 2020. Thus, restructuring fund was granted in 2017, amounting USD 5.9 billion to facilitate these reforms. It also led to mergers and acquisitions in steel industry such as Baoshan Iron & Steel has merged with Wuhan Iron & Steel, creating world’s second-biggest and China’s largest steel mill for crude steel production, which eliminated around 25 million tons of outdated steel capacity till 2017. 

China is accused of dumping steel in other markets and thus pushing down the prices leading other producers to leave the market. U.S. is the largest steel importer, valued around USD 29 billion in 2017, and China is the 5^th largest steel exporting country to U.S. China low export to U.S. is primarily due to trade restrictions imposed on China by American import controls and duties.

China Steel Industry Segmentation

By End User

• Construction
• Automotive
• Domestic Appliances
• Electrical Equipment
• Metal Products
• Others (machinery, etc.)

Covered In This China Steel Industry Report

The report covers the present ground scenario and the future growth prospects of the steel industry for 2019-2035 along with export data (china steel exports by country, china steel exports to US). We calculated the industry size and revenue share on the basis of revenue generated from major players in the China region. China steel industry is forecasted on the basis of steel manufacturers, suppliers, distributors and retailers.

China Steel Industry Outlook 2019-2035, has been prepared based on an in-depth industry analysis from industry experts. The report covers the competitive landscape and current position of major players in the China steel industry space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of industry players and their business models. “China Steel Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive industry and vendor landscape in addition to a SWOT analysis of the key vendors.

COVID-19 impact on "China Steel Market"

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "China Steel Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out. 

Key Market Players

Our China steel industry report comprises of the following companies as the key players:

• China Steel Corporation
• China Baowu Group
• Baosteel Group
• Hesteel Group
• Shagang Group
• Ansteel Group
• Shougang Group
• Angang Steel Company
• Shandong Steel Group
• Maanshan Steel
• Jianlong Group

For a full detailed overview, send us the sample request.

Key questions answered in this China Steel Industry Report

• What is the total industry size by 2035 and what would be the expected growth rate of industry?
• What is the total revenue per segment and region in 2018-19 and what would be the expected revenue per segment and region over the forecast period?
• How much steel China exports to USA and other countries?
• What are the key industry trends?
• What are the factors which are driving this industry?
• What are the major barriers to industry growth?
• Who are the key vendors in this industry space?
• What are the industry opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this industry study

• Facilitate decision-making based on strong historic and forecast data for China Steel Industry
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the China Steel industry’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects