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This book explores the principles of supply-side structural reform and current practices in the Chinese steel industry. Focusing on the general requirements for high-quality development, it reviews the evolution of the global and Chinese steel industries with regard to reduction, innovation, and transformation. It also summarizes industrial development law from a transfer route perspective, analyzes major challenges and opportunities for the steel industry in the new era, and proposes strategic orientation and implementation measures for the future development of the steel industry. The book contends that high-quality development of the steel industry must be driven by innovation, and it is essential to promote integrated development based on several aspects – greenness, coordination, quality, standardization, differentiation, service, intelligence, diversification, and internationalization – in order to reshape the industrial value chain and continuously improve industrial competitiveness. This concept is essential to help Chinese steel companies prepare development plans for transformation and upgrading. Combining thorough analysis, unique insights, and many practical cases, the book offers a guide to and inspiration for future implementation approaches.
China currently produces more crude steel than any other country in the world. This book, by an internationally acknowledged expert on the world steel industry, covers all aspects of the steel industry in China. It begins with an outline of the existing steel plants and smaller mills and describes four major mergers in the industry, which indicate a trend toward the consolidation of smaller plants into larger integrated units. Hogan analyzes the major steel markets--including the automotive industry, shipbuilding, appliances, railroads, construction, containers, and oil and gas--in terms of their recent growth, and examines China's raw-materials output. He presents new technologies being developed and used, and discusses the future of the Chinese steel industry. Hogan successfully argues, using historical and current data (much of it difficult to obtain), that one of the centers of recent Chinese industrial strength is its steel industry, which should be watched carefully. Steel industry analysts and scholars of global industry and economics will find this book invaluable.
'Chinese economic reform and opening to the international economy since the late 1970s have changed the country and the world. The developments in the steel industry through the reform period are central to those changes, illuminative of them, and of immense significance in themselves. This book throws new light on these historic changes for Chinese and foreign readers alike.' - From the foreword by Ross Garnaut, University of Melbourne, Australia
Iron and steel manufacturing is energy intensive in China and in the world. China is the world largest steel producer accounting for around half of the world steel production. In this study, we use a bottom-up energy consumption model to analyze four steel-production and energy-efficiency scenarios and evaluate the potential for energy savings from energy-efficient technologies in China's iron and steel industry between 2010 and 2050. The results show that China's steel production will rise and peak in the year 2020 at 860 million tons (Mt) per year for the base-case scenario and 680 Mt for the advanced energy-efficiency scenario. From 2020 on, production will gradually decrease to about 510 Mt and 400 Mt in 2050, for the base-case and advanced scenarios, respectively. Energy intensity will decrease from 21.2 gigajoules per ton (G/t) in 2010 to 12.2 GJ/t and 9.9 GJ/t in 2050 for the base-case and advanced scenarios, respectively. In the near term, decreases in iron and steel industry energy intensity will come from adoption of energy-efficient technologies. In the long term, a shift in the production structure of China's iron and steel industry, reducing the share of blast furnace/basic oxygen furnace production and increasing the share of electric-arc furnace production while reducing the use of pig iron as a feedstock to electric-arc furnaces will continue to reduce the sector's energy consumption. We discuss barriers to achieving these energy-efficiency gains and make policy recommendations to support improved energy efficiency and a shift in the nature of iron and steel production in China.
This book provides a broad investigation of various issues in East Asia’s steel industry since the 1980s, including international specialization and trade relations, the sustainable use of resources, technological innovations, and environmental mitigation, alongside a consideration of the rapid growth in Chinese steel industry. Using macro and firm-level data, and case studies based on field research to discuss issues concerning the steel industry in East Asia. In search of an easy understanding, we try to simplify complicated economic models and statistical analyses, and concentrate on policy implications based as much as possible on the results of empirical analyses. We believe that this book will be of interest to policymakers, economists, practitioners and advocates of sustainability.
Seminar paper from the year 2020 in the subject Economics - Case Scenarios, grade: 1,7, University of applied sciences, Düsseldorf (FOM), course: Economics, language: English, abstract: Within this assignment the role and influence of the government and the development of the economic system in China will be taken into consideration in order to examine following research question: Is the rise of China's steel industry driven by market forces? This assignment begins with an overview of the development of China's steel industry. Within Chapter 2 main historical events and achievements are high-lighted. Besides, key figures are presented and compared to countries around the globe, so that the position of the Chinese steel industry is highlighted. In the following Chapter 3, two basic economic systems and the accession of China to the World Trade Organization complete the background information which are essential regarding the research question. Thereafter, the content of Chapter 4 outlines the structure of the steel industry regarding the significance of the government and its provision of subsidies to enterprises operating for the steel business. These results are the basis for discussion in Chapter 5. In this chapter, the WTO obligations, representing central characteristics of market forces, and the compliance within China's steel industry are analyzed. In conclusion, Chapter 6 contains a summary of the findings including limitations and an outlook for further researches.
Seminar paper from the year 2016 in the subject Economics - Industrial Economics, grade: 1,0, The FOM University of Applied Sciences, Hamburg, language: English, abstract: What are the consequences of steel tariffs on the Chinese steel industry and its development? Coping with this question a deeper look at the Chinese steel industry is needed. First, this paper will outline the history and examine statistics dealing with the global steel market in order to center the growth and structure of the Chinese steel industry. The second part of this paper highlights tariffs, their function and influence on the market in general and especially on the Chinese steel industry. Finally, derived from previously examined facts, the tariffs’ consequences on the industry are discussed concluding with a future outlook. Since 2014, China is the second largest economy in the world, following the United States of America, comparing the countries’ gross domestic products. China’s steel industry dominates the global steel market, taking nearly half of the world’s production into account. In 2015, the country is the biggest exporter of semi-finished and finished steel products. Latest developments show a lowering and stagnating overall growth in China. This forces higher steel exports and puts pressure on the global steel price, leading to clamours for taxing Chinese steel imports in other countries. The U.S. and European Union (EU) among other countries have already confined tariffs on Chinese steel, aiming to protect their local steel industry.