The iron and steel industry to expand rapidly

China plays a special role in it.Its rapid expansion, iron and steel industry is more than the market demand.Many governments still cannot solve the legacy of economic crisis,Long radius 90 deg A234 pushing elbow market distortion problem for a long time.State-owned enterprises according to the policy of the government continued to expand its production capacity, busy market rule.On the other hand, private firms to pause or stop their many projects.Backward production capacity in many countries is still not be eliminated.

Excess capacity is increasingly pose a serious challenge to the global steel industry.At present,ASME Carbon Steel Welding Neck Flange the global total of 500 million tons of excess capacity.Excess capacity accounted for 36% of the apparent consumption, and in 2000, the proportion was only 19%.Many companies medium-term financial situation.This is a structural problem, need the government policy, and through the industry consolidation.

State-owned enterprises occupy a large proportion in the global steel industry.In 2011, 46 in the world's largest steel companies, 50% for state-owned enterprises;These are all Chinese state-owned enterprises.In global steel production, the output of state-owned enterprises accounted for 38%.Global overcapacity led to a surge in imports,ASME B16.9 45 Deg Long Radius butt weld Elbow as well as global demand.Trade friction intensified, the steel industry is facing downward pressure on prices.For private companies, it is difficult to maintain a certain profit space.In addition, they have to face the additional challenge: the problem of rising prices of raw materials.