Crude steel output rose by 9.07 percent to reach 93.36 million tons in the period, with a daily output of 3.01 million tons, according to the China Iron and Steel Association (CISA).

Thanks to the implementation of supply-side reforms, the pattern of supply and demand in the steel sector in China has improved since 2016, with steel companies' operational and financial situations improving and the sector entering a new stage of development, a recently released report said.

The profitability and debt levels of most steel companies in China have improved significantly compared with the situation before the supply-side reforms, said a credit analysis of steel sector issuers released by S&P Global (China) Ratings. The report was based on a sample of 24 steel companies since the implementation of the supply-side reforms.

China Baowu Steel Group, the country's top steel-maker, said on Friday that it would take a controlling stake in Shanxi-based stainless steel giant Taiyuan Iron & Steel (Group) Co, also known as Tisco, in a move that would lead to further consolidation of the steel sector.

Welcome to

 

The 17th China Ferro-Alloys International Conference

September 23-25    Chongqing, China

 

• [Editor:kangmingfei]