1. Text: | Print|

      Steel firms should go abroad: ministry

      2013-12-25 14:26 Global Times Web Editor: qindexing
      1

      China will encourage Chinese steel enterprises suffering from overcapacity to transfer their businesses to overseas markets where the steel market is still very big, a top official was quoted in a statement published on the website of the Ministry of Land and Resources Tuesday.

      "The global steel industry is developing unevenly with some regions like Southeast Asia and Africa still having a big space to develop, and some nations such as China confronting overcapacity," said Miao Changxing, deputy director of the industrial policy division of the Ministry of Industry and Information Technology (MIIT).

      Miao suggested that the Chinese enterprises push forward development of the steel industry in Central Asia, Southeast Asia and Africa through ways such as supporting these regions' infrastructure construction, setting up joint venture enterprises and distribution centers overseas.

      "For the Chinese steel companies, there will be big business opportunities in emerging markets such as some countries in Southeast Asia," Wang Guoqing, a senior analyst with Beijing Lange Steel Information Research Center, told the Global Times Tuesday.

      Leading Chinese steel enterprises have already entered into foreign markets. Baosteel Howa Trading Co under Baosteel Co, China's leading iron and steel complex, and South Korean GNS Co signed a foreign investment introduction memorandum in April 2012, to invest and build a new steel processing and distribution center in South Korea's Gyeonggi Province.

      Wuhan Iron and Steel Co, China's largest flat-rolled alloy steel producer, announced in April this year that it will set up a joint venture with an India-based energy company, and also invest in an India-based silicon steel processing and delivery center, according to a Reuters report.

      "Expanding our businesses overseas has become one of the development strategies for our company," Sun Jin, director of the publicity office at Wuhan Iron and Steel, told the Global Times Tuesday.

      To meet the environmental protection standards set up by the foreign countries, only Chinese companies with high technological capabilities and strong capital strength could enter into the foreign markets, said Wang of Lange Steel.

      Meanwhile those domestic companies with backward technological levels will be shut down or consolidated according to the central government's measures of combating steel overcapacity, Wang noted.

      Miao from the MIIT also said that the Chinese government will raise the standards for pollutant emission and energy consumption for the steel industry, and severely punish those companies which violate the environmental protection law, so as to eliminate the backward production capacity.

      The growth of China's total output of crude steel in November slowed down, with the growth rate declining by 9.5 percentage points to 4.2 percent year-on-year, official data showed Tuesday.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 永久免费AV无码网站在线观看| 亚欧免费一级毛片| 午夜成年女人毛片免费观看| 久久久亚洲欧洲日产国码aⅴ| 国产精品区免费视频| 黑人精品videos亚洲人| 青青操在线免费观看| 亚洲香蕉成人AV网站在线观看| A毛片毛片看免费| 亚洲午夜久久久久妓女影院 | 在线观看亚洲精品专区| 日韩一级在线播放免费观看| 久久久久久久久无码精品亚洲日韩 | 国产亚洲大尺度无码无码专线| 97无码免费人妻超级碰碰碰碰| 亚洲国产成a人v在线| 在线观看免费污视频| 免费播放美女一级毛片| JLZZJLZZ亚洲乱熟无码| 中文字幕免费播放| 亚洲一区二区成人| 无码免费午夜福利片在线| 精品久久久久久亚洲中文字幕| 亚洲成av人片在线观看天堂无码| 国产精品免费久久久久久久久| 亚洲成av人影院| 在线A级毛片无码免费真人| 日韩在线视精品在亚洲| 亚洲精品午夜无码专区| 久草视频免费在线观看| 精品久久久久亚洲| 亚洲av色福利天堂| 韩国免费三片在线视频| 国产精品偷伦视频免费观看了| 青青草原精品国产亚洲av| 在线观看永久免费视频网站| a级毛片毛片免费观看永久| 亚洲一级毛片免费在线观看| 亚洲不卡无码av中文字幕| 免费精品无码AV片在线观看| 亚洲精品久久久久无码AV片软件|